These famous silver coins either have historic significance or are well known and popular bullion coins of the modern era. Some of them are the most beautiful silver coins in the world. Silver has been money for thousands of years, although it has always played second fiddle to gold as a store of value. But […]
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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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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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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
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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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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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
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, or government issued 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, first it is important to acknowledge the one benefit of fiat
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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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