Why Do People Say “Gold is Money”?
History, economic theory, and empirical evidence: three arguments supporting gold as the purest form of money.
History, economic theory, and empirical evidence: three arguments supporting gold as the purest form of money.
Because the entire global financial system was built on gold. Today, the gold price sends important signals about the economic health of the world’s most powerful nations.
To understand the history of US monetary system, we must grasp the role of its central protagonist: gold.
History is clear: when the money supply increases, the gold price follows. The more dollars are printed, the more can be stuffed into the earth’s limited supply of gold.
Gold is a symbol of wealth, prosperity, and security. Everyone has heard of it, but did you know there are dozens of ways to utilize gold for your portfolio?