In this final part of this series, we talk about the rise and fall of the Bretton Woods system leading up to today’s debt-based system. In 1946, after the end of World War 2, the world came to use what was known as the Bretton Woods system. In this system, the dollar was pegged to … Read More
Wishing everyone a happy and prosperous new year 2023!
Continuing where we left off from the last chapter, the war saw many countries printing massive amounts of new money into the economy that did not correspond to an increase in their gold holdings. This led to a hyper-inflationary period where governments fell into heavy debt which could not be repaid. During this period, many … Read More
In the previous article, we covered the ancient civilisations using gold as a medium of exchange. Today we shall look at it changing to a standard by which fiat currency was based on. One of the main reasons gold and silver failed to carry on and the gold standard took over was that gold and … Read More
Gold has been used as money for thousands of years. Why? Because everyone agrees it is desirable. It has been consistently seen as a display of wealth throughout history as well. In this 4 part series, let us dive a bit into the history behind the rise of gold to a medium of exchange. Ancient … Read More
The new 1 Troy Ounce cast bars released by Metalor have reached our shores! Be one of the first few in the world to own them!
Many people look at gold priced against the Singapore dollar or the United States dollar. Let me present to you a different way to look at gold today. In the 1970s, an ounce of gold was averaging around the 200 USD mark, which makes it around 340 SGD (assuming 1.70 SGD to 1 USD). An … Read More
Do you know that the standard measurement for precious metals is actually the Troy Ounce rather than the standard (Avoirdupois) Ounce used in pretty much everything else?
