Remarks at the Presentation of the President's Safety Awards
05/19/1964
https://www.presidency.ucsb.edu...
The contribution of American capital to the world's growth and prosperity has been immense.
This way of measuring our deficit does not reduce our need for further action.
The dollar is, and will remain, as good as gold, freely convertible at $35 an ounce.
But we cannot--and do not--assume that the world's willingness to hold dollars is unlimited.