Will the Government Ever Confiscate Gold Again?
Could the U.S. government ever knock on your door and demand your gold like they did in 1933? We will take a look at the 1933...
Could the U.S. government ever knock on your door and demand your gold like they did in 1933? We will take a look at the 1933...
Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government’s ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.
The long-term risks of quantitative easing, including eroding the credibility of the US dollar, are closely linked to gold's performance.
In the 1990s, Japan’s economy crashed after a frenzy of debt, speculation, and easy money. Japan’s lost decade now stands as a dire warning to modern economists.