Why are the Central banks & Billionaire Investors accumulating Gold?
2 min read
The precious yellow metal has acted as a store of value and a medium of exchange for centuries. For a good part of the 18th & 19th century, the gold standard was in effect in most of the western countries of the World. England became the first country to officially adopt the gold standard in 1821 – the term refers to a monetary system in which the value of the currency is based on gold, which was the US Dollar when the system was completely abolished in 1971. The widespread industrialization, increase in global trade & economic growth brought opportunities…...
Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.