Tag Archives: gold standard

The Advantages and Disadvantages of a Gold Standard

The gold standard is a monetary system in which a country’s currency is directly linked to a fixed quantity of gold. Under the gold standard, the value of a currency is determined by the amount of gold that can be exchanged for it. For example, if a country’s currency is linked to gold at a […]

Our Money

Money by definition is a medium that can be exchanges for goods and services and is used as a measure of their values on the market. Money includes among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account. Money […]

Brief History of Gold in the United States

From 1879 to 1933 the United States was on a gold standard. There were two forms of money at the time. Paper bills were convertible into gold, and gold was easily converted back to paper bills by the bank. A person could have a $20 bill in their pocket as well as a $20 gold […]

Investors Should View Gold as Currency

Gold is sometimes used as a barometer of investors’ sentiment and the perceived stability of the currency. However, when investing in gold, make sure to keep your perspective on the investment realistic. Should gold be looked at as speculation? Should gold be looked at as a trade? Should gold be looked at as a way […]

It’s Only a Matter of Time Before We See Goldflation

There is a history of debt cycles, currency destruction, and speculation mania. Today speculation wealth has created an “everything bubble” that is directly attributed to unsustainable central bank liquidity. According to its definition, a central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a state or […]

The Importance of Gold Standard and the Executive Order 6102

The Gold Standard and What Happened in 1933 The Gold Standard was in effect in the United States up until 1933. Up to this point, countries agreed to convert paper money into a fixed amount of gold. Since the global gold supply grows only slowly, having such a gold standard would theoretically hold government overspending […]

The Next Dollar Crisis is Inevitable

Since the US officially abandoned the gold standard in 1971, we all understand that we have experienced several dollar crises, periods of rampant inflation (and soaring gold prices). What we don’t all understand is that many of these crises were not accidental but coordinated economic policy events. When we look at our current economic policy […]

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