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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…
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Category: Gram Gold
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…
Royal Mint UK Britannia Coins
Royal Mint UK Britannia Coins Since 1987, the Royal Mint in the United Kingdom has been producing gold Britannia coins; from 1997, they have produced silver Britannia coins; and since 2018, they have produced platinum Britannia coins. Britannia, a female personification of the United Kingdom, is featured in a variety of different portrayals on the…
Gold: The Unsanctionable Money
Since the Russian invasion of Ukraine earlier this year, one of the main economic debates has been whether the sanctions placed on Russia by the West and other European nations are working or not? Given the fact the Russian Ruble has been the best performing currency of the year and those European nations, like…