Gold bars

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a gold bar sitting on top of a red box next to another piece of metal

Jeremy R. asks: Why did America stop using the gold standard? To begin with, if you’re not familiar, “the gold standard” is a monetary standard where the basic unit of currency is gold. Of course, this doesn’t necessarily mean that gold is directly used in the transaction (though, it could be and that is known as a pure gold standard). [...]

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rows of gold bars are shown in this undrecognistically image from the u s department of defense

Gold prices are moderately up and have hit a six-week high in early U.S. trading Monday. Some new geopolitical developments in the Middle East and an increasingly bullish near-term technical posture are prompting more trader and investor buying interest in the yellow metal. Gold prices are now…

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