Gold Standard

The bulk of the US gold reserves held in Fort Knox are made up of impure “non-standard” bars that don’t qualify for use in international settlements.

In 1971, when the last formal link between the dollar and gold was severed, more than a monetary system collapsed.

The bulk of the US gold reserves held in Fort Knox are made up of impure “non-standard” bars that don’t qualify for use in international settlements.

Far from being what Keynes called that “barbarous relic,” gold has been important throughout history, and to the present day. Joakim Book reviews The Secret History of Gold: Myth, Money, Politics & Power.

In this time of war and uncertainty, we should expect to see the prices of precious metals rise and fall and the only certainty will be uncertainty.

In this time of war and uncertainty, we should expect to see the prices of precious metals rise and fall and the only certainty will be uncertainty.

On the Investing News Network with Charlotte McLeod, Dr. Jonathan Newman presents a primer on Austrian economics.

Being the good socialist he is, Mayor Zohran Mamdani of New York City recognizes that gold represents sound money and commerce. Naturally, he wants to tax it into oblivion.

In this week’s Friday Philosophy, Dr. David Gordon reviews Joseph Salerno’s Money, Sound and Unsound, and still finds it golden.

When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.