Gold standard reined the world for more than a 100 years in the time of the British Empire when they backed British Pound with gold. It worked because ultimately all the currencies got linked to the gold and countries kept gold reserves with their central banks. The only problem was that the supply of gold… Continue reading Chinese Trying To Create a New Gold Standard With Yuan As The Reserve Currency
Category: Commodities
How Low Can Gold Price Go?
How low can gold price go? This is the question in the mind of most gold bugs. US Dollar is getting stronger and if we go by the previous correlations, this means gold price should go down. This is precisely what is happening. Expect gold to go low more. Watch this video that tries to… Continue reading How Low Can Gold Price Go?