Gold’s rapid ascent is welcome news for precious metals investors, but its push toward the $4,000 per ounce mark also reflects a level of economic and geopolitical unease not seen since the late 1970s, noted Stephen Innes, managing partner at SPI Asset Management. “Gold isn’t merely rising—it’s charting a path that is both historic and […]
Gold’s Surge Signals “Historic Restructuring” of the Global Order Read More »
Nixon Ended the US Gold Standard Physical Gold’s Rise in Growth & Importance Although it might come as a surprise, the modern era of gold trading at free-market prices is a relatively recent development. Gold has been exchanged globally for thousands of years, but for much of that time, it served as the foundation of
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In a bold move to tackle what he sees as a monumental task, Elon Musk has invited former U.S. Congressman Ron Paul to join the newly formed Department of Government Efficiency. Musk, who has been tapped by President-elect Donald Trump to lead the initiative alongside entrepreneur Vivek Ramaswamy, has stated that cutting wasteful spending is
“It’s hard to believe, but the world is beginning to lurch toward a gold-based monetary system,” Forbes wrote in an article published May 21. “This, despite the fact that the historical gold standard is held in almost universal contempt by economists and financial officials.” He said that despite the many myths and pervasive ignorance surrounding
Signs That a Global Gold Standard is Gaining Traction – Steve Forbes Read More »
China takes up over two-thirds of all the annual production…That’s where the gold price is set. During the first two months of 2024, China imported 367 metric tons of gold for non-monetary use. That was a 51 percent increase from the same period in 2023. Gold jewelry, coins, and bullion sales in China rose 24
Could the Shift of Gold West to East Set the Stage for a New Gold-Backed Currency? Read More »
History and legal precedent tell us that fiat will die and gold will return to provide an anchor to credit system values. We know that from the dawn of monetary history, money is gold. Banking, as we know it today, was developed in England by London’s goldsmiths who began to receive the gold and silver
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The legislation would require the state comptroller to establish and provide for the issuance of gold and silver specie and also establish digital currencies that are 100% backed by gold and silver, and 100% redeemable in cash, gold, or silver. Rep. Mark Dorazio (R)introduced HB4903 on March 10 and it has since garnered a bipartisan coalition
Russian puts the ruble on the gold standard. This move to encourage domestic gold inflows to the Russian Central Bank. How Russia has weaponized its gas trade with Europe to strengthen its currency? Russia to declare the ruble as a substitute for Gold. Trump said that Putin is a really smart leader. Well, he said
