The gold standard is a system under which currencies are tied to certain amounts of gold. In the U.S., the gold standard was adopted in 1900 and ended by President Richard Nixon on August 15, 1971. The current system used by nearly all countries is fiat money, which is used as a medium of exchange [...]

The following is a great guest post from Finance World Online. To submit a guest post of your own, just use the contact form. Gold is an integral component of both the Forex currency market and virtually every other financial market in the world.  It is also a great indicator of investor sentiment. Historically, gold [...]

In the past few years, nearly all central banks are buying up gold. China, India, the US, Europe — they’re all buying up hundreds of metric tons of gold, and that’s a heck of a lot of gold. This should, of course, beg two questions: Why are the central banks buying gold? And what does [...]

Many people wonder if gold currency will become the standard. Well, probably not anytime in the near future. Yet banks around the world have begun holding gold as a perfect reserve option and it’s raised a few questions amongst many people. It is, however, expected that people are going to start reverting to gold as [...]

Everyone knows what gold and gold coins are, but what is the gold standard? A gold standard exists when the value of a country’s money is related to the reserve amount of gold possessed by that country. A person can trade in paper money to receive a certain amount of gold from the country’s gold [...]