Before the year 1971, every country in the world believed that gold was the best form of currency. Every single paper banknote that was released into the market had a backbone with a bit of precious metals. That was the choice of the free market, and every economy believed that there was nothing that could ensure a better stock-to-flow ratio. Even after thousands of years of mining by humans, all of the bars, coins, jewelry, and coatings would fit into a big Olympic pool. That doesn’t seem like a lot when you put it into perspective. Now it makes ...Read more

Related Tags

Read More