Hi,
In a previous newsletter we covered the difference between a gold and/or silver backed currency that is redeemable in those metals and one that is non-redeemable. We clearly highlighted the dangers of backing a paper or digital currency with precious metals or a variety of commodities and then subsequently NOT allowing the paper/digital currency to…
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Category: Gold Bars
Gold Quietly Eyes All-Time-High
Gold Quietly Eyes All-Time-High While there were a few financial analysts that have been warning people of instability in the banking system ever since stimulus checks spurred unprecedented currency creation – most officials in government/finance have been reassuring the public that the banking system is strong. Even going back to this past Monday, President Joe…
Zimbabwe’s $100 Million Gold-Backed Digital Currency Plan: How Can it Help the Country?
Overview of Zimbabwe’s Financial Crisis Southern Africa’s landlocked nation of Zimbabwe is a sovereign state. Harare is the nation’s capital and largest metropolis. a nation with about 16 million inhabitants. Due to a confluence of causes including hyperinflation, currency devaluation, political unrest, and economic mismanagement, Zimbabwe has endured a severe financial crisis for many…
Why does Gold offer such great investing benefits?
Gold is a port in a storm when there is an economic collapse. In short, the value of Gold remains steady even if the stock market crashes. So, why not invest in something that minimizes damage and gives great benefits? Though as a general rule, the price of Gold goes up. Significantly, investors consider…
Exploring the Reasons Why Canada Doesn’t Own Any Gold
Have you ever considered how little gold there is in Canada? Most other countries, including the US, do have gold, therefore it’s a good question. The Bank of Canada began selling its gold holdings in the early 2000s. Canada is the G7 country. Together with Angola, Belize, and Tonga, Canada is currently one of…
