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There has been no gold standard for a good 50 years

August 15 marked the 50th anniversary of the end of the gold standard. Whether it could come back is questionable

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There has been no gold standard for a good 50 years

 

 

August 15 marked the 50th anniversary of the end of the gold standard. Whether it could come back is questionable

 

 

According to the Bretton Woods Agreement, one ounce of fine gold was worth 35 U.S. dollars, and this was true for many decades. U.S. President Nixon then ensured the end of the exchangeability of U.S. dollars for gold in 1971. Since then, fiat money has dominated the world. By breaking away from the gold standard, it was possible to keep increasing money. And the problems in a world without a gold or silver standard are clearly evident. The debts of many nations increase enormously, also the inflation seems to have a connection with the binding of the currency to the precious metal. For when the U.S. dollar was pegged to gold and/or silver, inflation was lower than in other times when it was not.

 

 

The states can now drive up budget deficits, and they are doing so. The consequence of the expansion of the money supply and the rising mountains of debt is a devaluation of the fiat currencies, thus of the money of all of us. With the current debt mountains a reintroduction of a gold standard seems no longer possible, would be perhaps also so no longer meaningful. At best, one could think about a gold standard light. Or one could try to escape the current dilemma by investing in precious metals. It is true that the recent slide of the gold price downwards is still in the minds of investors, but in the long term gold has always been and still is a worthwhile portfolio component. Looking at the period from 1970 to about mid-2020, gold returned an average nominal appreciation of 6.45 percent annually. Adjusted for inflation, this was still a 3.8 percent increase in value. Larger profits can be made with shares of gold companies, always bearing in mind that the risk is also higher. For example, with CanaGold or Gold Terra Resource. Gold Terra Resource - https://www.youtube.com/watch?v=4mwHvYTmwAU&t=517s owns the high-grade Yellowknife City gold project (about 800 square kilometers) in the Yellowknife Greenstone Belt in the Northwest Territories. CanaGold - https://www.youtube.com/watch?v=BKl6AzgvvLU  has the prospective New Polaris project in British Columbia in its portfolio.

 

 

 

Latest corporate information and press releases from Gold Terra Resource (https://www.resource-capital.ch/de/unternehmen/gold-terra-resource-corp/ ).

 

 

 

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/de/disclaimer-agb/.

 

 

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