The gold standard was completely replaced byfiat money, a term to describe currency that is used because of a government's order, or fiat, that the currency must be accepted as a means of payment. In the U.S., for instance, the dollar is fiat money, and in Nigeria, the naira is. ...
Reuben Abati
Time travel basically means moving between different points in time. You can either move forward into the future or backward into the past. The truth is we are constantly time traveling but only in one direction which is into the future. We are moving 1 second at a time into the future. ...
The agreement has resulted in an interesting relationship between gold and the U.S. dollar over time. Over the long term, a declining dollar generally means rising gold prices. In the short term, this is not always true, and the relationship can be tenuous at best, as the following...