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 […]
What is Sound Money? [And Why It Is Important To Understand] Read More »
Key Takeaways The history of fiat currency failures reveals a very predictable pattern. The government starts with a small issue of paper money, thinking that they will just use it the once. Then they use it a second time. Then another and another, and another. Soon they are addicted. The government eventually prints too much,
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Offshore gold storage in another jurisdiction has three key benefits. There are a number of compelling reasons to buy gold, especially in the current market environment, not least the fact that gold has been sound money for thousands of years. The problem is, at least when you buy physical gold, you have to decide where
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F.O.M.O (fear of missing out) is something that can affect both new and experienced investors alike. Even minds as great as Isaac Newton have suffered from it. Newton famously sold at a profit in the South Sea bubble, before F.O.M.O gripped him and pulled him back into the market mania, where he lost £20,000. There
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[Disclaimer: I own Monero, Bitcoin and several altcoins including privacy coins. This is not investment advice and is provided for information only. This considers the economic case for Monero and is not a recommendation to buy. Do your own research and consult a financial advisor.] The short answer is yes, I would argue that Monero
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Is Russia currently on the gold standard? Despite a lot of speculation to the contrary, the answer is no. In early 2022, in an attempt to defend the value of the rouble, the Russian Central Bank said that it would buy gold at 5000 roubles per gram. However all this meant was that the bank
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The classical gold standard was the monetary system of the 1870s to 1914. It is one of several different types of gold standard but is what is most commonly associated with the phrase. The world’s industrial powers defined their national currencies as a fixed weight of gold and paper money was freely convertible into gold
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Key Takeaways The history of gold goes back almost 6000 years to the earliest years of some of humanity’s most ancient civilizations. While not formally part of the money system today, central banks still hold gold, giving it a proximate shadow status in the current system. Of all the elements of the periodic table, gold
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Gold is important to the economy and the monetary system because its existence on central bank balance sheets gives fiat currency the credibility that it has. Governments and central banks like to pretend that gold is unimportant and is a relic of the past. This is wrong. While we no longer operate on any type
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The story of the Weimar hyperinflation is a familiar one. But do you know what the rentenmark was and how it worked? Germany, like the other European powers, suspended the gold standard at the outbreak of World War One in 1914, abandoning the goldmark for the papiermark. By losing the war she suffered a greater