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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[Disclaimer: I own physical silver and silver stocks. This is not investment advice and is provided for information only. This considers the economic case for silver and is not a recommendation to buy. Do your own research and consult a financial advisor.] The key arguments in favour of buying silver are: Silver is historic money
The most famous gold coins have achieved legendary historical status not merely for their precious metal content, but for the historical moments they represent, their artistic beauty, and the cultural significance they embody. Each coin carries multiple layers of meaning: The yellow metal has been a store of value, a unit of account and a
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[Disclaimer: I own Bitcoin and several altcoins. This is not investment advice and is provided for information only. This considers the economic case for cryptocurrency and is not a recommendation to buy. Do your own research and consult a financial advisor.] The key arguments in favour of buying cryptocurrency are: Cryptocurrency is still in its
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[Disclaimer: I own physical gold and gold stocks. This is not investment advice and is provided for information only. This considers the economic case for gold and is not a recommendation to buy. Do your own research and consult a financial advisor.] The key arguments in favour of buying gold are: Gold is not talked
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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Fiat currency is bad for many more reasons beyond the obvious one – that it loses purchasing power due to inflation and eventually goes to zero. It has many other negative characteristics that cause economic, political and social problems. However, it is important to acknowledge the one benefit of fiat currency. Many hard money advocates
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The short answer is that fiat currency is backed by the government that issues it. The government declares the fiat currency to be legal tender and mandates that its population pay their taxes in that currency. This requirement, alongside the recognition that the currency is given by the market as a means of exchange and
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The Sherman Silver Purchase Act of 1890 compelled the U.S. Treasury to purchase 4.5 million ounces of silver per month. This was designed to support the falling price of silver and was one episode in a long battle in U.S. monetary politics between proponents of bimetallism and proponents of a mono-metallic gold standard. The Sherman
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Key Takeaways The Roman denarius was the most important coin of its time and one of the most famous silver coins in history. Its extensive circulation across the vast reaches of the Roman Empire demonstrates the success of silver as a monetary medium. According to numismatic history legend Kenneth Harl in his outstanding book Coinage
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