Gold has always been viewed as an alternative currency or currency of last resort that is both private and free from the manipulation that the paper currencies of the world are subject to from central banks.
Tag Archives: gold standard
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 […]
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 […]
Fed member warns about high corporate debt and possible negative shocks Trump may nominate conservative who favors gold standard to Fed Dow Jones Industrial average closes lower for the fourth week in a row