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A monetary standard based on Bitcoin, a digital currency, would act something like the gold standard in making price levels more predictable and stabilizing exchange rates but would likely be undone by politicians and central bankers.
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Texans’ writing checks as good as gold is just a few months from reality. In June, Texas state authorities selected the builder/operator and administrator for a depository that will store […]
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Texas declared it wants to repatriate its gold, sending beams through the monetary world. Is this the long-awaited new day for alt-currency devotees or another false dawn? The Lone Star […]
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In 1900, President William McKinley signed the Gold Standard Act, explicitly making gold the only commodity exchangeable for U.S. paper money.
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Empirical evidence shows that this proven inflationary hedge helps portfolios during any kind of price instability.
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If you want to invest in gold, there are a variety of ways to do so. Here we sort out the pros and cons of each.
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Gold is no ordinary commodity. The market for it is driven by its unique history as money and a store of value.
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Gold has no official monetary role but central banks and individuals hold it for good reason. It serves as a store of value, a means of investment diversification, and as protection from economic or political crises.
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Economic Education Bulletin – 12/1960 *First EEB*
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Research Reports – 1981, Issue: 52 Also: Book Review: Government’s Monetary Monopoly, by Henry Mark Holzer; Age Old Problems About Retirement