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Alan Greenspan, chairman of the Federal Reserve from 1987-2006, has long been vocal in his thoughts about gold. Here are eight of his impassioned comments on gold. From Greenspan’s famous 1966 essay, “Gold and Economic Freedom” 1) “Gold, having both artistic and functional uses and being relatively scarce, has significant advantages over all other media

As we mentioned in Part II of this post, the gold standard is controversial. Although it’s been called a “barbarous relic”, some notable politicians, public figures, and voters have voiced their support or opposition to the gold standard, and to this day the debate continues. In the final part of this post, let’s review why the

In Part I of this post, we explained what a gold standard is, its history, and the history of its use in the United States. A gold standard is a monetary system in which the value of currency is defined in terms of gold, or currency is “backed by gold”. In Part II, we discuss the reasoning

Gold is believed to be the world’s oldest currency, with its earliest use as currency dating back to 643 BCE. Although gold is still considered a currency in its own right and a store of value, over the years it has been largely replaced by fiat currencies or “paper money” like the U.S. dollar as the primary means

How does the world stack up when it comes to gold? Due to the varying uses and purposes of gold, there are multiple ways to answer that question. American Bullion answered it in the form of four infographics. Each infographic was shared in its own blog post. Now, take a look at all four as

As we pointed out in our previous infographic on which countries hold the most gold, most of the world’s central banks keep physical gold in their reserves. Some central banks hold more gold than others, and some are adding more at a faster pace than others. Our new infographic shows you which central banks added significant

Current or prospective gold owners often focus on gold’s day-to-day price fluctuations and lose sight of the bigger picture. To gain perspective, it can be helpful to look at gold’s performance over a longer period of time or compare it to other data. Below we’ve presented five essential gold charts to help you put the yellow metal into perspective. Remember that past