For centuries, nations and central banks have accumulated reserves of gold to conduct trade, pay for military campaigns, and fund exploration and settlement. Before the advent of fiat — paper — currencies, gold was the primary medium of exchange. Although today’s consumers are more likely to pay for goods and […]

For centuries, nations and central banks have accumulated reserves of gold to conduct trade, pay for military campaigns, and fund exploration and settlement. Before the advent of fiat — paper — currencies, gold was the primary medium of exchange. Although today’s consumers are more likely to pay for goods and […]

The ‘Gold Standard’ is a monetary system in which a country’s currency (typically paper money) has its value directly linked to gold. Under this system, currencies could be converted into a fixed amount of gold, and the country’s government maintained gold reserves to hold up the value of their currency. […]

The ‘Gold Standard’ is a monetary system in which a country’s currency (typically paper money) has its value directly linked to gold. Under this system, currencies could be converted into a fixed amount of gold, and the country’s government maintained gold reserves to hold up the value of their currency. […]