Tag Archives: global economy

Mapped: Negative central bank interest rates now herald new danger for the world – Telegraph

16 Feb

Sub-zero rates are becoming the “new abnormal” in a shaky world economy. With fresh panic hitting markets, are we finally hitting the limits of what monetary policy can achieve? Click on the countries to find out

Source: Mapped: Negative central bank interest rates now herald new danger for the world – Telegraph

Gold Built the Global Economy?

13 Feb

“Gold, measured out, became money. Gold’s beauty, scarcity, unique density and the ease by which it could be melted, formed, and measured made it a natural trading medium. Gold gave rise to the concept of money itself: portable, private, and permanent. Gold (and silver) in standardized coins came to replace barter arrangements, and made trade in the Classic period much easier…

A monetary standard made the world economy possible. The concept of money, (i.e., gold and silver in standard weight and fineness coins) allowed the World’s economies to expand and prosper.

Money had been invented. Its name was gold.” ~ A brief History of Gold, onlygold.com

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