By Louis Navellier As the stock market stumbled late last week, gold rose to over $4,000 and is up over 50% so far in 2025, its best year (by far) since the inflationary bubble of 1979. Gold, opening at $4,070 on Monday, is almost 200-fold higher than it was a century ago, due mostly to […]
Tag: Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves.
