The End of the Gold Standard

gold-reserve-act-1934

The end of the gold standard was not a single event. It happened in stages. The beginning of the end was in 1914, with the outbreak of World War One. The European powers ended convertibility of paper money into gold in order to finance the war through the printing press. This concluded the international monetary

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A History of the Renminbi

renminbi

The Renminbi translates to “people’s currency” and is the currency issued by the Communist Party of China. The term Renminbi refers to the name of the currency in the broad sense, while yuan is the name of one unit of currency. The Renminbi was first issued towards the end of the Republic of China in

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Why Buy Silver?

why-buy-silver

The key arguments in favour of buying silver are: Silver is historic money that has been a mean of exchange for thousands of years. For much of human history silver and gold operated as monetary metals in tandem. Gold was more valuable and used for larger transactions, while silver was less valuable and used as

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Why Buy Cryptocurrency?

litecoin-and-ethereum

The key arguments in favour of buying cryptocurrency are: Cryptocurrency is still in its infancy. But already it is clear that this development is going to be a monumental revolution in money. Bitcoin, the first cryptocurrency and one that exists in a category of its own, is arguably the hardest money known to man. Monero,

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Why Buy Gold?

why-buy-gold

The key arguments in favour of buying gold are: Gold is not talked about much by governments, central bankers, economists or the media. But gold is money and of current forms of money it is the one with the longest history. While it’s got plenty of popularity in pockets of online media, it’s quite rare

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What Is The Moscow World Standard?

moscow

The Moscow World Standard is a proposal by Russia to create a new precious metals pricing standard to rival the London Bullion Market Association (LBMA) and the Commodity Exchange (COMEX). The argument is that the LBMA and COMEX are using leveraged shorts to suppress the price of gold. As a major exporter of gold, Russia

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What Is Fiat Currency Backed By?

what-is-fiat-currency-backed-by

The short answer is that fiat currency is backed by the government that issues it. That is the nature of what a fiat currency is – something that the government, not the market, has deemed to be money. The government declares the fiat currency to be legal tender and mandates that its population pay their

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