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
A Brief History of the Gold Standard Read More »
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
