Category: History and Economics

  • Can ChatGPT Forecast gold Prices?

    Can ChatGPT Forecast gold Prices?

    Reading Time: 3 minutes It’s true that ChatGPT has the potential to impact investors in various ways. By providing natural language processing and content generation capabilities, ChatGPT can assist investors in analyzing financial information more efficiently and accurately. But still no gold forecasting ;) but some potential use cases for ChatGPT in the gold market…

  • Why is gold a hedge against inflation.

    Why is gold a hedge against inflation.

    Reading Time: 7 minutes For thousands of years, the majority of the world’s population has considered gold, not monetary specie, the true measure of wealth. While the demand for most precious metals principally arises secondarily to their manufacturing use and industrial application, the demand for gold arises from the desire to accumulate wealth. In the last…

  • What are the main causes of currency crises?

    What are the main causes of currency crises?

    Reading Time: 8 minutes Last month Belarus witnessed the effects of a collapsed currency when the Government cut the rouble’s value against the US dollar by almost half. Previously 3155 roubles would buy a dollar but in the blink of an eye they decided 4930 would be needed. This was not even the reality because…

  • The Great Confiscation: Gold ownership was illegal in the USA from 1933 to 1975

    Reading Time: 13 minutes Have you heard of Roosevelt’s Emergency Banking Act on April 5th 1933? This was the date on which the American president declared that it was illegal for US citizens to own gold and ordered them to return their coins, ingots and gold certificates to the federal reserve banks before May 1st 1933 at…

  • Short History of Silver in the US.

    Reading Time: 2 minutes The year was 1857 and 2 brothers, Ethan Allen Grosh and Hosea Ballou Grosh are prospecting for gold in the hills of Nevada. The brothers are difficult working mineralogists and sons of a preacher back in Philadelphia who had actually come west along with millions of others when gold was uncovered…

  • Podcast The Infamous 1933 Double Eagle (with David Tripp).

    Reading Time: 2 minutes The Coin Week Podcast is sponsored by PCGS. Before Sotheby’s auctioned the coin we’ll discuss today, they trusted PCGS to grade it. Maybe you should follow suit and trust PCGS to provide unbiased expert opinions on your numismatic collectibles. Visit www.pcgs.com to become a Collector’s Club member today and get eight…