Monetary policy: a simple enough phrase that defines centuries of complex, archaic theories explaining how a government should control its wealth in order to benefit the economy. Most countries have their own individual monetary policies, and in turn, each policy affects the others. Monetary Policy: A Definition So in simplistic terms, what exactly is monetary policy? Essentially,…
Inflation Update – Beware of Misleading Government Statistics
Inflation is another one of those alarming, yet distinctly vague terms you’ve heard thrown around a lot in the last few years. Concerns about “rising prices” and the value of the U.S. dollar after all is what drove many of us to invest in gold and silver coins in the first place. Although “inflation” is…
Texas Hoping to Eliminate Sales Tax on Gold and Silver
“Everything’s bigger in Texas” with the exception of sales tax on precious metals, as Texas is “fixin to” become the first state in the country to completely abolish the tax on gold and silver coins. Currently, Texans are paying 6.25 percent on all gold and silver purchases of less than $1,000, but the Texas Senate…
Gold Stabilizes After Historic Drop; Physical in High Demand
Gold and silver prices are always great water cooler talk, but when prices plunged over the course of two nail-biting days in April, it became the conversation across the globe. The precious metals industry held its collective breath as gold dropped $225 between Friday, April 12 and Tuesday, April 16. By the time prices stabilized,…
The Origins of Money: A Brief History
Unless you’re independently wealthy, thinking of money means thinking of mortgage payments and utility bills, filling up the gas tank and buying groceries, even saving for your children’s education. Money can keep you awake at night! Yet when it comes to the origins of money, we rarely give it a moment’s thought. One of our…
A One-Minute History of the Federal Reserve
Anyone who monitors financial markets or precious metals has heard of the Federal Reserve. While the Federal Reserve has received considerable attention in recent years — due to financial crises and a feeble economy — few know the details of its history. Until now. Our latest Knowledge Center article, A Brief History of the Federal…
