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Investing in gold is a good idea Gold is considered to be the safest option for investment as it does not involve complicated procedures. But since the changing times, there are myriad ways available for the investors to invest in gold. Primarily, due to the fact that it acts as a hedge against inflation, offers…
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Category: Gold Price Canada
What is the Gold Standard?
What exactly is meant by the phrase “gold standard”? Gold standard is a monetary system where a country’s currency has a value directly linked to gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. The appeal of a gold standard is that…
Does Gold Go Up When Interest Rates Rise?
Multiple factors are causing the change in the price of precious metals like Gold and silver. Generally, there is a negative relationship between the rise in gold prices and the rise in interest rate. In this article, we will view the type of interest rates causing an increase in gold prices. We will see…
Chinese Panda Coin
One of the most well-known bullion coins in circulation today is the Chinese Panda coin. Since 1982, it has been published annually by the People’s Republic of China. History The loving giant panda, a symbol of China that is recognized all over the world, is shown on this popular coin. The design of the…
What are Precious Metals?
What are Precious Metals? Rare and chemically inert metals are called precious metals. They have great market value since they are scarce. Numerous applications call for the usage of precious metals, including jewelry, technology, and industry. Explanation Gold, silver, platinum, and palladium are the four major precious metals. Silver is also considered a valuable metal….
