All About Gold

August 7, 2009

What are the laws in the US for buying gold with federal reserve notes?

Filed under: Investing — Tags: , , — @ 1:07 am

I want to know the nuts and bolts of investing in gold. I heard that there are laws that make federal reserve notes “irredeemable” in gold. Do i have to exchange currency and buy gold in say Europe? Is this something any broker can do, or is it better to get with a specific kind of broker?

The money I have to invest is understood to be “losable”, and I know how volatile gold is, but I want to buy now because I think its going to up quite a bit pretty soon. Im not going to invest anything I cant afford to lose.

Thanks

Nikki

June 14, 2009

The gold standard and the freedom to change monetary policy?

Filed under: Economics — Tags: , , — @ 11:39 am

The Federal Reserve Board is free to change monetary policies as it pleases. Under the gold standard of one hundred years ago money could only expand if the amount of more gold came into the country. What are the advantages or disadvantages of the two policies?

Benita

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