Tag Archives: Gold

Understanding Gold

understanding gold

Whenever I’m asked the question ‘how much of my wealth should I allocate to gold’, I usually advise that a person should only buy so much gold as their level of understanding allows. In other words the decision is a very personal one. But a person should never buy a great deal of gold without really understanding its nature. It’s

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The Gold Standard Explained in 1 Minute

gold standard

Here is a short video produced by ‘One Minute Economics’ explaining the beginnings of gold minted for trade, the ‘Gold Standard’ and it’s eventual replacement with fiat currencies in 1971. Almost 2600 years ago, the first gold coins were minted and used for trade. Later on, people started storing there gold in well guarded vaults, and bought goods and services using

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