History of the Gold Standard in America
To understand the history of US monetary system, we must grasp the role of its central protagonist: gold.
To understand the history of US monetary system, we must grasp the role of its central protagonist: gold.
The long-term risks of quantitative easing, including eroding the credibility of the US dollar, are closely linked to gold's performance.
When Matthew wrote his gospel in 85 AD, one pure silver Denarius covered the daily wages of a skilled Roman craftsman. Three hundred years later, the coin had been reduced to a worthless scrap of copper alongside a crumbled empire.
If you happened to be walking around Paris from 1715 to 1722, you would have encountered one of the first experiments with paper money, centralized banking, and fractional reserves.
Everything you need to know about the two top choices for hedging against the U.S. dollar, and how to take advantage of the forces driving this battle.