Category: History and Economics

  • 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…

  • Is gold a more secure investment compared to holding onto dollar bills?

    Reading Time: 2 minutes The choice between saving in gold or cash is often a matter of personal preference, yet presently, opting for gold holds particular allure. Here’s why: Gold as a Store of Wealth: Gold has stood the test of time as a reliable store of wealth, a characteristic not shared by cash. Over…

  • What Happened to Gold in 1980?

    What Happened to Gold in 1980?

    Reading Time: 2 minutes Throughout the late 70s, gold went on a bull run that was even more dramatic than the current bull market — only it ended suddenly and abruptly in 1980 — destroying the investments and life savings of those who believed “this time was different” and that gold was the only investment…

  • Metal detector enthusiast found a $312,000 gold coin in Florida.

    Reading Time: < 1 minute Merkelov shared the exhilarating discovery on TikTok, capturing the moment when the glittering 1852 gold dollar coin emerged from a pile of dirt. Overwhelmed with emotion, he remarked, “I’m trying not to cry,” as his trembling hands revealed the remarkable condition of the coin, featuring Lady Liberty on the obverse…

  • US Economy Surprises with 3.3% Fourth Quarter Growth, Defying Expectations

    Reading Time: < 1 minute In a surprising turn of events, the US economy exceeded expectations by growing at an annualized pace of 3.3% in the fourth quarter, according to the Bureau of Economic Analysis. This surpassed the consensus forecast of 2% by economists surveyed by Bloomberg. Despite concerns about a slowdown, the GDP release…