Posts tagged as:

gold as currency

More Gold Used As Money: Chicago Mercantile Exchange Begins Accepting Gold For Margins

October 20, 2009 · 3 comments

in CME, GoldMoney, commodities, currencies, gold

One comment you sometimes hear from skeptics or those who aren’t yet familiar with the case for gold is what on earth would you use it for.  Why buy gold? You can’t use it as money anywhere, right?  Well, maybe you can’t buy a Big Mac with gold yet, but there is a growing number [...]

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The New Gold Standard: Will Gold Be Part of A Basket of Currencies Replacing the Dollar as World Reserve?

October 8, 2009 · 2 comments

in US debt, USD, central banks, currencies, forex, gold, hyperinflation, inflation, international economy, money supply, precious metals, world reserve currency

Gold has broke through some of its all-time highs today, October 7, 2009, reaching as much as $1043/oz.  But that is not the end of the excitement for all the gold bugs and other lovers and investors in the yellow metal.  Gold might be making a comeback as a contender for one of several currencies [...]

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