Difference between revisions of "Gold"
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'''Gold''' has been natural money for thousands of years. It has been used throughout history either as physical coinage or as solid cornerstone for stable paper currencies. Up until 1913, most Western societies prospered and grew steadily and naturally under a monetary standard with at least partial gold backing. The gradual abandonment of the gold backing throughout the 20th century and the ultimate delinkage of all currencies from gold in 1971 is the fundamental cause of the ongoing inflation (the US-Dollar has lost 98% of its purchasing power since 1913) as well as the main reason for the global financial crises since 2007. <ref>[http://www.gold-action.de/campaign.html Repatriate our Gold] - Website</ref> | '''Gold''' has been natural money for thousands of years. It has been used throughout history either as physical coinage or as solid cornerstone for stable paper currencies. Up until 1913, most Western societies prospered and grew steadily and naturally under a monetary standard with at least partial gold backing. The gradual abandonment of the gold backing throughout the 20th century and the ultimate delinkage of all currencies from gold in 1971 is the fundamental cause of the ongoing inflation (the US-Dollar has lost 98% of its purchasing power since 1913) as well as the main reason for the global financial crises since 2007. <ref>[http://www.gold-action.de/campaign.html Repatriate our Gold] - Website</ref> | ||
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==References== | ==References== | ||
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Revision as of 12:57, 27 January 2014
Gold has been natural money for thousands of years. It has been used throughout history either as physical coinage or as solid cornerstone for stable paper currencies. Up until 1913, most Western societies prospered and grew steadily and naturally under a monetary standard with at least partial gold backing. The gradual abandonment of the gold backing throughout the 20th century and the ultimate delinkage of all currencies from gold in 1971 is the fundamental cause of the ongoing inflation (the US-Dollar has lost 98% of its purchasing power since 1913) as well as the main reason for the global financial crises since 2007. [1]
Related Quotations
| Page | Quote | Author | Date |
|---|---|---|---|
| 2011 Attacks on Libya | “Gaddafi's government holds 143 tons of gold, and a similar amount in silver. This gold was intended to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide Francophone Africa with an alternative to the CFA."” | Ellen Brown | 14 March 2016 |
| J. P. Morgan | “... [credit] is an evidence of banking, but it [credit] is not the money itself. Money is gold, and nothing else.” | J.P. Morgan & Co. J. P. Morgan | |
| Petrodollar | “Money supply and debt have exploded in the absence of gold convertibility [...] Today's money is not backed by gold. It is now backed by nothing at all, except our trust in the monetary system.” | Smithy | 2003 |
Related Documents
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Frenzy in the Gold Market: The Repatriation of Germany’s Post World War II Gold Reserves | article | 27 January 2014 | Michel Chossudovsky | An overview of Germany's decision to repatriate it's physical gold bullion holdings, currently stored in the US, UK and France - they hope. |
| Document:Gold Smoke and Mirrors | blog post | 25 March 2010 | Peter | The murky world of gold custodianship, trading and gold price suppression. |
| Document:Meeting Note Moscow Stock Exchange Forum | seminar description | 12 June 2017 | Integrity Initiative | II, probably Victor Madeira or Perry Fawcett, attended a Russian business forum in London |
| Document:The Spoils of War | article | 2002 | David Guyatt | An introduction to the murky subject of the gold plundered by the NAZI and Japanese militaries during World War II and what happened to it. |
| File:Gold-Tungsten-Genesis.pdf | report | April 2010 | Rob Kirby Financial Sense | Report on just one incident of ostensibly "Good Delivery" gold bars - 60 metric tonnes of them - stored at an asian depository, that turned out to be 95% Tungsten. Oops! |
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References
- ↑ Repatriate our Gold - Website
