it is accepted by people for the payment of goods and services, as well as for the repayment of loans. Economies rely on money to facilitate transactions and to power financial growth. Typically, it is economists who define money, where it comes from, and what it's worth. Here are the...
No country currently uses a gold standard. As mentioned above, Britain terminated the gold standard in 1931 and the U.S. did the same in 1933. In 1971, the U.S. fully severed the direct convertibility of dollars into gold. In other words, no country backs its currency with gold. In t...
It’s happened to many of us at some point—you may be walking along a street and look down. Lo and behold, there’s a $20 bill in your path. Or maybe it’s a silver bracelet. Either way, it’s found property. The tax ramifications of finding a $20 bill
In 1971, the gold standard was officially abandoned by the U.S., marking the end of its run as the global de facto monetary system. Since that time, countries have used various monetary systems, the most common of which are fiat currency systems, which aren’t backed by any physical ...
Dollars, or, what? A little common sense applied to silver as money.doi:10.2307/60220891MitchellW. B.Lse Selected Pamphlets
As a result, half dollars dated 1965-1970 are worth saving; their silver content exceeds their face value, though nowhere near as much as their counterparts dated 1964. By 1970, the price of silver was rising so much that even 40 percent silver coins were not profitable for the U.S. Min...
For six thousand years, gold and silver was money! Since 1971, the globalist bankers have moved the population off honest moneys onto fiat bank notes, then electronic digits, and now they are going “full monty” with central bank digital currencies backed by nothing of any substance. There ...
So bottom line, I think an eventual break way down the road is possible to new all-time highs for gold. In the near term, I think we may see a deeper correction developing that pushes pricing down into that 1700.0 level because we are seeing some of that divergence with silver. Let’...
IHG One Rewards points are worth roughly 0.7 cents a pop when redeemed for IHG stays, but their value plummets to 0.5 or less with other options. Most airline transfers, for example, happen at a dismal 5:1 ratio. But that’s totally OK, because IHG One Rewards points were never ...
If you’ve read our guides ongold pricesandsilver prices, you may have an idea of the main platinum price drivers we discuss here. Like other precious metals, platinum is a metal found in rocks. Most mining for platinum happens deep underground and the ores are extracted with heavy machinery...