gold standard Archives

If gold isn’t money, why do Central Banks hold so much of it?

bank of England, the British central bank.

Investors hear the same narrative time and time again: Gold isn’t money. We’re told that in today’s global, digital marketplace, gold no longer has a place or a role to play. This narrative sounds reasonable. After all, we live in an age where we do our banking online and can even pay for our groceries …

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The collapse of the Gold Standard, and why we might want to revive it.

If you are not familiar with the history of the Gold Standard, here is a quick overview: The Gold Standard Act was passed in 1900. At this time, the value of all American currency was to be based on actual gold. Basically, you could go to a bank and exchange your paper dollars for the …

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A return to the Gold Standard? Not likely. But…

A few years ago, World Bank chief Robert Zoellick said in an article the Financial Times that leading economies should consider “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.” Naturally, economists and self-appointed pundits around the world called him mad, saying there is no way we …

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