7k Coolest Collectible Coin Club History of Gold+
BH Sales Kennel Kelp Holistic Healing Hour
2023-02-2000:21:54
History of Gold-Grandpa Bills Grunts & Groans
Grandpa Bill Asks:
Whats Your Thoughts on Silver & Gold?
Interact Leave Your Responses at My BH Sales Anchor Radio Message Board
Gold Factoids:
Gold is a precious metal bought by people across the world for different reasons, often influenced by socio-cultural factors, market conditions, and macro-economic drivers in their country.
530,000 bars – The US Federal Reserve holds 6,700 tonnes of gold, in 530,000 gold bars. At its peak in 1973, the Fed stored more than 12,000 tonnes of monetary gold.
It was clear during the Second World War that a new international system would be needed to replace the Gold Standard after the war ended. The design for it was drawn up at the Bretton Woods Conference in the US in 1944. US political and economic dominance necessitated the dollar being at the centre of the system. After the chaos of the inter-war period there was a desire for stability, with fixed exchange rates seen as essential for trade, but also for more flexibility than the traditional Gold Standard had provided. The system drawn up fixed the dollar to gold at the existing parity of US$35 per ounce, while all other currencies had fixed, but adjustable, exchange rates to the dollar. Unlike the classical Gold Standard, capital controls were permitted to enable governments to stimulate their economies without suffering from financial market penalties.
Welcome!
Congrats on taking the next step toward securing your future and legacy! The 7k Membership is designed with you in mind. Yes, you’re gonna get access to incredible collectibles, gold and silver, and education about them, but it also is SO MUCH MORE! This membership will get you on the right track, and then the 7k community will help you step by step to start building a legacy that matters.
Perseverance Winner Never Quits Quitter Never Wins+
Grandpa Bill Asks:
Whats Your Thoughts on Silver & Gold?
Interact Leave Your Responses at My BH Sales Anchor Radio Message Board
Gold Factoids:
Gold is a precious metal bought by people across the world for different reasons, often influenced by socio-cultural factors, market conditions, and macro-economic drivers in their country.
530,000 bars – The US Federal Reserve holds 6,700 tonnes of gold, in 530,000 gold bars. At its peak in 1973, the Fed stored more than 12,000 tonnes of monetary gold.
It was clear during the Second World War that a new international system would be needed to replace the Gold Standard after the war ended. The design for it was drawn up at the Bretton Woods Conference in the US in 1944. US political and economic dominance necessitated the dollar being at the centre of the system. After the chaos of the inter-war period there was a desire for stability, with fixed exchange rates seen as essential for trade, but also for more flexibility than the traditional Gold Standard had provided. The system drawn up fixed the dollar to gold at the existing parity of US$35 per ounce, while all other currencies had fixed, but adjustable, exchange rates to the dollar. Unlike the classical Gold Standard, capital controls were permitted to enable governments to stimulate their economies without suffering from financial market penalties.
Welcome!
Congrats on taking the next step toward securing your future and legacy! The 7k Membership is designed with you in mind. Yes, you’re gonna get access to incredible collectibles, gold and silver, and education about them, but it also is SO MUCH MORE! This membership will get you on the right track, and then the 7k community will help you step by step to start building a legacy that matters.
Perseverance Winner Never Quits Quitter Never Wins+