Zimbabwe’s ZiG: Transforming the Digital Landscape
Zimbabwe has introduced a new gold-backed currency called the ZiG, short for Zimbabwe Gold. This currency aims to bring stability to Zimbabwe’s economy, which has faced repeated monetary crises. The ZiG was launched in April 2024 and is supported by $575 million worth of hard assets, including foreign currencies, gold, and other precious metals. The […]
Understanding the Gold-Silver Ratio and Its Investment Significance
Investing in precious metals can be a smart way to diversify and protect one’s portfolio. The gold-silver ratio is a key metric that investors use to determine the relative value of gold and silver. This ratio shows how many ounces of silver it takes to buy one ounce of gold, helping investors gauge which metal […]
The Benefits of Including Precious Metals in Your IRA: Enhancing Portfolio Security
Investing in precious metals through your IRA can offer a range of benefits that go beyond traditional retirement accounts. Including precious metals in your IRA diversifies your retirement portfolio, providing added security and stability. Tangible assets like gold and silver often perform well during market turbulence and can protect against inflation. Precious metals IRAs allow […]
Money Supply: Understanding Its Impact on the Economy
For the past year, money supply growth in the United States has been consistently negative, marking a notable shift from the high growth rates seen in previous years. As of October 2023, the year-over-year (YoY) decline in money supply was –9.33%, slightly improved from September’s –10.49%, but still significantly lower than October 2022’s positive rate […]
What Is Gold Used For? Beyond Banking and Finance
Gold, a precious metal with a rich history, has many uses beyond banking. Gold is widely used in jewelry, accounting for a significant portion of global consumption. Its unique properties, such as resistance to tarnish and attractive luster, make it ideal for crafting exquisite pieces. Gold’s applications extend into technology and industry. It’s a key […]
The MoneyShow | The Golden Era: 3 Powerful Forces Driving Precious Metals Higher (& How YOU Can Profit!)
In the latest report from the MoneyShow, our very own Jim Russo is featured in a Q&A format interview with the MoneyShow’s Editor-in-Chief, Mike Larson. The interview begins on page 34.
What Is the History of Money? A Chronological Exploration
Money has shaped human civilization for thousands of years, serving as a medium of exchange, a unit of account, and a store of value. From early barter systems to today’s digital currency, the history of money is a fascinating journey through human ingenuity and economic innovation. Understanding this timeline allows us to appreciate the practical implications of money in society.
A Beginners’ Guide to Fractional Silver Rounds
In recent times, the importance of tangible assets like silver has been highlighted due to economic volatility around the world. Fractional silver coins have emerged as a strong option for those looking to preserve wealth and prepare for a range of economic circumstances. These coins represent smaller denominations of silver bullion which can be used for bartering and trading, similar to the way in which traditional currency is used.
What is a Fiat Currency? Understanding Its Role in Modern Economies
Fiat currency is a type of money that is issued by a government and is not backed by any physical commodity, such as gold or silver. Its value comes from the trust and authority of the issuing government, making it legal tender for transactions within that government’s jurisdiction. This kind of money is widely used […]
What Does a (BU) Coin Mean?
A Brilliant Uncirculated (BU) coin is a coin that has never entered circulation and retains its original mint luster. These coins are highly sought after by collectors for their pristine condition and the beauty they maintain from the moment they are struck. A BU coin’s value largely comes from its untouched and unblemished appearance, making it a prized item among numismatists.
