Once upon a time, you could reach into your wallet, pull out paper money known as a gold certificate and ask your bank teller to please redeem its value in gold. The advantage to such a system? It was ...
In 1879, the United States formally adopted the gold standard, backing every U.S. dollar with a fixed amount of gold held in reserve. This created a hard, objective anchor for the dollar’s value – one ...
Did you catch Warren Buffett’s retirement warning? “Obviously, we wouldn’t want to be owning anything that we thought was in a currency that was really going to hell,” Buffett said. “There could be ...
A gold standard would do wonders for economic growth, but would almost certainly not limit the growth of our federal government. The view that it would insults markets at least three times, but ...