The precious yellow metal has acted as a store of value and a medium of exchange for centuries. For a good part of the 18th & 19th century, the gold standard was in effect in most of the western countries of the World. England became the first country to officially adopt the gold standard in 1821 – the term refers to a monetary system in which the value of the currency is based on gold, which was the US Dollar when the system was completely abolished in 1971. The widespread industrialization, increase in global trade & economic growth brought opportunities…...
Why are the Central banks & Billionaire Investors accumulating Gold?
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