According to NASA, the origins of gold lie in outer space. It’s a byproduct of either the collision of neutron stars or supernova explosions. How gold ended up on Earth is another matter altogether, commonly believed to have been injected by a series of eons-old meteor showers. Regardless of the science behind its presence on… Read more.
Who Owns the World’s Gold?
Gold has been a premium asset for centuries, acting both as a store of wealth and a means of exchange. Whether used in specie, a currency peg, or debt collateral, it has always been synonymous with prosperity. Subsequently, gold is an attractive asset to central banks, governments, and financial institutions around the globe. The World… Read more.
Gold and the Global Financial Crisis of 2008
The financial crisis of 2008 shook the foundations of traditional finance. For the first time since the Great Depression, the future viability of the U.S. as a financial entity came into question. Corporate bankruptcies, government bailouts, and a global credit freeze prompted droves of everyday people to actively seek security. Almost intuitively, gold became a… Read more.