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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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 denarius was the most important coin of the Roman monetary system 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
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The history of U.S. currency begins with the foreign money of the colonial era and ends with the fiat standard of the post 1971 era. The Federal Reserve Notes that currently circulate as U.S. currency only became the exclusive legal tender of the United States in 1971. Before that, the United States had a number
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The best precious metal to invest in depends on your goals. Many, choose to invest in precious metals because they are hard assets with limited supply and therefore offer long term protection against inflation and the devaluation of fiat currencies. However, each precious metal has a different balance of industrial, jewellery and monetary demand and
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Value investing and technical analysis are often mistakenly seen as being at odds with one another. After all value investing is based on a fundamental analysis of a company’s valuation as compared to the market price of the stock. Value investors look for high quality companies that are trading at a discount and a mismatch
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The term “sound money” refers to a type of money which acts as a reliable store of value over time where it is difficult to dilute the supply and therefore the value with new units. The soundness of money depends on how well it retains its value and how difficult it is to increase the
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