As Switzerland prepares to vote on a referendum this month to decide whether the Swiss National Bank should hold 20 percent of its reserves in gold, gold bulls have flagged the vote as stimulating for the precious metal's price while economists and policy makers have warned that a "Yes" would have bad consequences for the Swiss economy. See why the Swiss people what their gold back.
In his latest contribution, Keith Weiner argues that the United States is facing a "monetary cancer", and for as long as we allow it to continue there will be no economic recovery. The solution, Weiner says, is in the gold standard. Find out why here.
Gold is unlike every other commodity known to man. No, it’s not just that gold is shiny, malleable, or can be hammered into very thin sheets. Nor is it just that the metal is surprisingly heavy. (Did you know a bar the size of your iPhone is about 2.2 pounds?) The reason is not that gold is scarce (because it isn't). Keep reading to see what makes gold different.
All around the world today, countless people accept the commonly-held notion that gold is the best form of money. But why is that? How has gold come to be held in such high esteem as a form of currency? In a special contribution to Birch Gold, Keith Weiner of the Gold Standard Institute puts it in the most simple of terms here.
This past July, former Congressman Ron Paul said gold could go to infinity. Is that really possible?! In a special contribution to Birch Gold Group, Keith Weiner explains the thought process, and how it all ties back to the continued decline of the dollar. Get the full explanation here.
Following in the footsteps of Utah, Kansas and Texas, Oklahoma recently passed a law to allow gold as legal tender, which has led some to believe that the U.S. is slowly moving towards the gold standard. How would that work? And is it even realistic? How would you even use gold in place of the U.S. dollar? It's a fascinating topic with no right or wrong answers. In this Market Report, Will Hart and Jake Kennedy give their take on these questions. Pay special attention to the enlightening example that's taking place in Ukraine today.
Each week, we bring you news and top stories about gold, precious metals and the economy. This week, a mining exec says he expects gold to hit $5,000. Also, Moscow has been hoarding gold this year as fast as it can get its hands on it, and now Russia on its way to become 2nd largest gold producer. Oklahoma, Utah, Texas, and Louisiana might be joined by other states in accepting gold and silver as hard money.
Each week we bring you news involving the precious metals market and the greater economy. For this week's news, reports of rising inflation have some analysts calling for a greater price of gold in the near future. We also bring you five practical and fiscally responsible reasons to own gold in this economic atmosphere. Finally, why do the current financial conditions beg for a re-adoption of the gold standard? Learn more here.