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The Pros And Cons Of The Gold Standard


wealthymatters.com

The 500 per cent rise in the gold price since April 2001 prompted gold bugs to speculate about a new age of gold

Return Of The Barbarous Relic

Despite Gold’s Rising Popularity, Central Reserves To Continue Using Paper Money

John Milton wrote, “Time will run back and fetch the age of gold.” In the 19th and early 20th centuries, gold played a key role in international monetary transactions. The gold standard was used to back currencies, values were determined by its fixed relationship to gold and the precious metal was used to settle international accounts. Imbalances ininternational trade were settled by physical transfers of gold bullion. Read more of this post

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