Currently, governments all over the world are aggressively increasing gold reserves over paper money. Countries like China, Russia and India, are actively adding to their gold reserves. Some financial experts predicted that Russia would liquidate its gold reserves for dollars in order to resuscitate its weakening currency. However, the Russian government is acting on the contrary by replenishing its gold…
Month: February 2016
3 Signs Gold Could Replace Paper Money as Global Currency
Given the excellent economic value of gold, it is anticipated that it is going to be an alternative to paper money as a currency of the future. Today, in almost every country, a fiat currency is used. The latter is based on paper money and is not backed by a physical commodity, such as a precious metal. It is based…