Gold

In Part I of this post, we explained what a gold standard is, its history, and the history of its use in the United States. A gold standard is a monetary system in which the value of currency is defined in terms of gold, or currency is “backed by gold”. In Part II, we discuss the reasoning

Gold is believed to be the world’s oldest currency, with its earliest use as currency dating back to 643 BCE. Although gold is still considered a currency in its own right and a store of value, over the years it has been largely replaced by fiat currencies or “paper money” like the U.S. dollar as the primary means

How does the world stack up when it comes to gold? Due to the varying uses and purposes of gold, there are multiple ways to answer that question. American Bullion answered it in the form of four infographics. Each infographic was shared in its own blog post. Now, take a look at all four as

As we pointed out in our previous infographic on which countries hold the most gold, most of the world’s central banks keep physical gold in their reserves. Some central banks hold more gold than others, and some are adding more at a faster pace than others. Our new infographic shows you which central banks added significant

Current or prospective gold owners often focus on gold’s day-to-day price fluctuations and lose sight of the bigger picture. To gain perspective, it can be helpful to look at gold’s performance over a longer period of time or compare it to other data. Below we’ve presented five essential gold charts to help you put the yellow metal into perspective. Remember that past

We’ve shown you which countries have the largest gold reserves and which countries produce the most gold. Now let’s find out which countries consume the most gold, meaning which countries have the highest consumer demand for gold. Consumer gold demand is made up of jewelry and investment demand (physical coins and bars). See our infographic

Gold is perhaps one of the most misunderstood physical assets out there. Below are seven common misconceptions we gathered about gold. 1. The United States Dollar is backed by gold. The U.S. dollar was backed by gold for some time, but is not anymore. After President William McKinley signed the Gold Standard Act in 1900, the U.S. went

Gold mining is a truly global industry that employs millions of people and contributes significantly to many economies. For instance, gold mining makes up 22% of Mali’s GDP and 14% of Peru’s government revenue. The oldest gold mine ever discovered, located near Georgia’s capital of Tblisi, is estimated to be approximately 4,000 years old. The deepest gold mine

Ever wondered what the difference is between karat and carat? The terms are often used interchangeably, but technically they are two different measures of two different things. When it comes to precious metals and gems, two terms that are often used are Karat and Carat. These two terms are often confused with each other, but they

Gold’s status as a safe-haven asset showed on Tuesday morning as tensions built in Yemen and fears of a Greek exit from the European Union loomed. Gold rose by $6.20 to $1,203.00/oz. (0.52%) as of this writing. Yemen conflict escalates A U.S. aircraft carrier joined a fleet of American ships on the Yemeni coast Monday to monitor Iranian ships