Tag Archive: gold standard

Active Buyers Follow the Money

According to a recent report from Financial Times, the People’s Bank of China has continued to add gold to its reserves for the fifth month in a row. The central bank reportedly added 480,000 ounces last month bringing its total holdings to $78.3 billion. China hasn’t been the only buyer of the metal either. Numerous emerging market central banks have been active buyers as nations seek to diversify their reserves away from the dollar. Last year, central banks reportedly bought some $27 billion worth of... Continue Reading

A Return to the Gold Standard?

The gold standard has been an issue that has been debated for some time by proponents of such a system as well as opponents of such a system. Although some analysts might believe that a return to a gold standard is highly unlikely in today’s modern global economy, proponents of such a monetary system still make interesting arguments for its consideration. In a recent article from Kitco.com, former Fed Chairman Alan Greenspan reportedly had some interesting insights. Per the article, Greenspan was quoted in the... Continue Reading

“Rich Dad” Author Robert Kiyosaki’s Thoughts On Investing For The Long Term

“We’re on the edge of a cliff right now. When you’re investing for the long term in the stock market where there is no connection between stock price and reality, you’re crazy.” –Rich Dad Poor Dad author Robert Kiyosaki In a recent interview with Marketwatch.com, Robert Kiyosaki had some very interesting things to say – things that make a whole lot of sense. When discussing how the rich get rich, Kiyosaki discussed how the rich don’t work for money. He also discussed how one of... Continue Reading

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The gold standard called for each unit of currency to be tied to a specific amount of gold. In other words, every dollar printed had to be backed up by physical gold. The gold standard was designed to give balance to currency markets and to provide stability to the global financial system. And it worked… In the modern era of quantitative easing, low interest rates and other stimulus measures, some have suggested that the eventual return to the gold standard is inevitable. Billionaire Steve Forbes... Continue Reading

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