Two of the most important lessons taught by economic history are that 1) Money is a useful store of value that makes trade much easier and economic accelerates economic growth, and 2) when people lose faith in the stability and purchasing power of their money due to...
This month marks the 70th anniversary of the Bretton Woods Conference, and the introduction of a new global monetary system. This conference contained representatives from 44 different nations, jointly seeking to establish means of global trade, financing and inflation control.The agreement that was finally reached...
Last week I helped my 84 year-old father sort through his old coin collection.His modest collection is kept in two old cigar boxes, and judging from all the dust on them he hadn’t looked at them for decades. The bulk of these coins were originally...
A major factor behind the popularity of Gold IRAs is that they allow you to purchase assets such as gold and other precious metals that can help protect your purchasing power against the ravages of inflation in a manner that paper currencies may not be...
