Inflation, depression, innovation, human flourishing – the United States monetary system has played an integral role in each of these issues for centuries. But where did modern money come from? How does this inform the future?
Quantitative Easing allows central banks, such as the U.S. Federal Reserve, to pull the levers of the financial system like never before. Is this strategy effective? Fair? Smart? One thing is certain: it is powerful.
Throughout the 1980s, Japan’s economy soared past the rest of the world. The growth that once earned the envy of investors and economists now stands as a dire warning against debt, speculation, and easy money.
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 Denarius had been reduced to a worthless scrap of copper alongside a crumbled empire.
Investing in gold, like many alternative investments, requires a layer of expertise beyond that of stocks and bonds. Breaking this layer is an essential step in maximizing portfolio returns, hedging against inflation, and obtaining the unique benefits of precious metals.