The New Stuff


You Don’t Have To Be A Pirate To Collect Gold

Gold has a very interesting history. It conjures up images of kings’ crowns and pirates’ booty, but in reality gold is simply an old, stable form of currency that we’d do well to revisit in these topsy-turvy times.

Gold is a precious metal that has been mined for thousands of years and has been the first choice of kings and queens throughout the ages –it has been the most sought after metal taken from the earth since the Egyptians began to mine it over 40,000 years ago. These days, you don’t need to go to a mine to find gold, rather, all you need to do is to browse a website like and start turning your paper currency into the shiny stuff.

So, not, you don’t have to be a pirate or a French king to be fascinated by gold. Almost every culture in the history of the world has given gold the highest standard of value. It is for this reason that up until 1972 gold had been the standard against which all currency value was measured and backed.  It was in 1972 that the US Congress passed the Mint and Coinage Act, part of a larger series of bills that President Richard Nixon passed to keep the American economy afloat. The Mind and Coinage Act pegged gold at a fixed standard and removed it from its position at the foundation of the American currency evaluation.

The Mint and Coinage Act

This Act essentially gave the Federal Reserve the legal right to print as much money as necessary to prevent real or imagined threats. It also made it possible for gold to be seen as an investment. The long-term outcome of these monetary bills was great volatility in the value of gold and the USD. Volatility is not so bad when it’s going up of course – and the logic of the system is that when things are going down too far or too fast the Federal Reserve can print more money to keep things stable.

It is for this reason that gold prices have soared from their $35/tons value before 1971. The highest it’s been is $1,900 in 2011, and there was another spike in 1980 that made a lot of investors happy. In 2017 the price of gold is $1,262/tons– a far cry from the immovable $35 that it was worth for the first 3/4s of the 20th century. Even with inflation and the adjusted consumer price index (CPI) levels taken into account this is a huge increase in value. Accounting for CPI and inflation, $35 in 1970 works out to approximately $200 today. That means that gold has grown about 6x it’s worth from 1970 until 2017.

Gold Is A Safe Choice

It’s nice to know that plundering ships for gold is a thing of the past. British and Caribbean pirates in the Atlantic would make a fortune plundering a galleon full of gold travelling from Cuba to Madrid. Today, it takes a lot longer to make a fortune from gold, but thanks to the free-market policies of President Richard Nixon, now everyone (even pirates) can get a piece of the golden pie!

Recently Published


A Brief History of Family Offices – What Exactly Are They Now?

The field of family offices is one that’s still understandably ...


Stocks And Investments For Novices

The stock exchange welcomes newcomers with open arms, however, you ...


Benefits of Wealth Creation Through Passive Earnings

Earnings generation is really a focus of numerous adults because they ...


Top styles of stock trading for Online Trade and Investment!

Stock trading is the trading where the buying and selling of stock is ...


The Smart Way of Buying the Right Insurance Policies

With the services of so many insurance carriers being available these ...


How You Can Select Best Forex Broker?

Are you transferring big amount overseas? Are you looking best Forex ...


What Can Crowdfunding Teach You?

Fundraising india is a new way of raising money, online. Essentially, ...


Evolution in ID card technology

The type of ID cards that are used today is a far cry from what was ...


What Suits You The Best? A Credit Card, a Personal Loan or Simply an Overdraft?

Choosing the right one definitely depends on your financial needs and ...


Top 5 Forex Strategies You Must Know About

Looking for the best forex market strategies? You have come to the ...



It is quite obvious that debt makes everyone tensed and frightened. ...


Larson & Holz – what does this broker offer traders?

Each person, when deciding to work with a brokerage company, first of ...