by on November 15, 2024
The very first thing to note is that many economists blame the great Depression on the gold commonplace because it restricted the Federal Reserve’s skill to broaden the cash provide above what their gold reserves allowed. Federal Reserve took another tack and increased interest rates with the hope that international buyers would need to invest their gold and obtain a excessive interest price in return. On this environment buyers have reaffirmed their love affair with gold, sending costs up 15% ...
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