Tag: gold

Gold vs. SDRs

During the lengthy discussions which led to the 1944 Bretton Woods Agreement, economist John Maynard Keynes opposed fixed exchanged rates via-a-vis a gold backed US dollar. He instead proposed the creation of a super-national unit of account which he called the bancor. The justification behind a seemingly tedious accounting unit […]

Gold Prices Are up as Investors Rush Towards Traditional Safe Haven

While US Federal Reserve Chairman Jerome Powell recently attempted to tread carefully between announcing an expected downturn in the US economy in 2019 without edging closer to panic mode, the markets have reacted negatively to Powell’s announcement and the Fed’s decision to instigate a modest rise in interest rates – […]