Bimetallism is a monetary system where both gold and silver are money, and the critical thing is the ratio between the two. Before we had the fiat standard, we had the gold standard. And before we had the gold standard, we had bimetallism. It is an ancient monetary system that continued until relatively recently. It […]
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I signed up for an account with BullionStar back in 2014 when it was quite a young company. I knew I wanted to buy and store some gold in Singapore because it was such a gold friendly jurisdiction. It was a recommendation from Andrew Henderson of Nomad Capitalist and an attractive special of free storage
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No one can definitively say exactly how much gold was confiscated in 1933 as no record was ever kept. However, SD Bullion has run the numbers and estimates that 2,665 tonnes was confiscated. They arrived at this figure by looking at how much gold was melted down by the government between 1933 and 1939. When
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The market capitilization of gold refers to the total value of all gold in circulation. At the time of writing the market cap of gold is approximately $18,098,179,964,395.2 or $18 trillion dollars. This is calculated by taking the total amount of gold in the world in tonnes, then multiplying that by the number of ounces
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[Disclaimer: I own physical gold, physical silver, gold stocks and silver stocks. This is not investment advice and is provided for information only. This considers the economic case for gold and is not a recommendation to buy. Do your own research and consult a financial advisor.] 2011 was the peak of a gold bull market
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The yellow metal’s early history wasn’t in gold coins but in big lumps of uncoined metal. Various forms of commodity money had been used up to that point but gold emerged as the superior option. However in its uncoined form, trade using gold as money was inefficient as merchants had to assess the weight and
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World history has certainly served up some beautiful gold coins. Gold became money because it was scare, malleable, durable, portable, divisible and fungible. Beauty wasn’t one of the requirements, but nevertheless it certainly helps gold’s timeless appeal. I must admit, my bias is towards the modern coins. I love the ancient coins for their history
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You have a number of options when it comes to buying gold and gaining exposure to the yellow metal, each with their pros and cons. You can buy physical bullion, paper gold through an ETF, stocks in gold miners and derivatives such as options and futures. This post will run you through what you need
The end of the gold standard was not a single event. It happened in stages. The beginning of the end was in 1914, with the outbreak of World War One. The European powers ended convertibility of paper money into gold in order to finance the war through the printing press. This concluded the international monetary
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The famous gold coins in this list all contain some historical significance, either in the ancient world, the middle ages or the modern world. Some of these names are also considered among the most beautiful gold coins to have existed. The yellow metal has been a store of value, a unit of account and a
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