What you need to know about the monetary system – Part 1 History

gold, zlato, monetary

The monetary system we live in can seem very complex. This is understandable as it has evolved over many years and there are many things that can confuse people. So let’s take a look at what you need to know about the monetary system. The gold standard The gold standard was a way of expressing

​Gold as the old and also as the new standard

gold, zlato, monetary

Gold is probably the only metal that has caused war conflicts. Its limited supply and untapped stocks make it a stabilizing tool in times of recession. Therefore it was gold, that became the basis for the creation of the Gold Standard, where the state currency consisted of either physical coins and / or such banknotes,