Category: History and Economics

  • Gold Coinage: From Ancient Civilizations to Modern Considerations.

    Reading Time: 4 minutes Gold has been a valuable resource used for trade as far back as the early civilizations of Mesopotamia. However, gold as coinage can be dated to the 6th Century B.C.E. The first coins, produced for the Lydian King Croesus, were actually an amalgam of gold and silver, known as electrum. The…

  • ☆ The 2000’s Gold Boom.

    Reading Time: 8 minutes Summary, the 2000s Gold Boom was a significant period for the gold market, with prices rising due to the end of the dot-com bubble, massive debt-fueled expansion by gold miners, and a course correction to cutting costs and reducing capital expenditure when gold prices fell. Central banks continue to hold gold…

  • Why gold is expected to keep hitting record highs by ABC News (Australia).

    Reading Time: 2 minutes This stockpile of dirt might not look like much, but the value within it is substantial, reaching hundreds of millions of dollars. Extracted from deep underground, the valuable material undergoes a series of processes to extract its precious components, which are then refined into bars. Everyone keeps an eye on it.…

  • Are you buying gold bullion at this high price?

    Reading Time: 2 minutes Retain all data. Research the historical price of gold from 1970 to 1978 and analyze the patterns. Inflation and elevated interest rates are anticipated to propel the value of gold even higher in the foreseeable future. Currently, the price of gold bullion remains relatively moderate. What alternatives have you contemplated? Generally,…

  • Bretton woods system explained.

    Bretton woods system explained.

    Reading Time: 11 minutes The Bretton Woods system, established in 1944 at a conference in New Hampshire, aimed to foster international economic stability post-World War II. Key components included pegging the U.S. dollar to gold at $35 per ounce, with other currencies pegged to the dollar; creation of the IMF to monitor exchange rates and…

  • 1971. France sends  warship to New York to bring back france’s Gold to Paris.

    1971. France sends  warship to New York to bring back france’s Gold to Paris.

    Reading Time: 4 minutes In a bold move reminiscent of gunboat diplomacy, French President Pompidou ordered a warship to slip into New York City’s harbor in August 1971. Its mission? To retrieve France’s gold reserves stored in the vaults of the New York Federal Reserve Bank and transport them back to Paris. This maneuver wasn’t…