Gold has played a vital role in economics and politics, influencing much of human financial activity through shifts in economic systems. It has proven versatile and stable across upheavals and social changes. It even became a vital tool in global trade and currency exchange as we know it today.
In the 19th century, gold was the backbone of the global monetary system. Nations relied on the gold standard until the Great Depression and World War I. These events were significant inflationary catalysts, and economies, in a decades-long transition, abandoned the gold standard.
This process culminated in 1971 when the Federal Exchange could no longer exchange US dollars for gold. In 1976, the gold standard was abandoned entirely, and gold became a free asset.
Today, it is still considered a reliable store of value with a well-established market. After all, it has had the luxury of centuries—through various cycles of prosperity and economic upheavals—to prove its reputation. Gold boasts h
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