Who shapes the global monetary system?
Historically it has been the world's largest economic powers.
From Genoa to Bretton Woods, small countries rarely sat at the head of the table.
What does that mean for New Zealand?
https://t.co/2W6IovdFmu
Most people assume today's monetary system is permanent.
It's not.
The Gold Standard ended.
Bretton Woods ended.
Today's fiat system is less than 55 years old.
History suggests monetary systems change more often than many people realise.
https://t.co/GxPEigMOEh
Monetary systems don't last forever.
The Gold Standard ended.
Bretton Woods ended.
Today's fiat system is less than 55 years old.
If the international monetary system changes again, where does New Zealand fit?
New article:
https://t.co/ifrcB0RT6n
Monetary systems don't last forever.
The Gold Standard ended.
Bretton Woods ended.
Today's fiat system is less than 55 years old.
If the international monetary system changes again, where does New Zealand fit?
New article:
https://t.co/slo0zp1rx3
Gold rebounded after testing key support levels.
π Has gold finally reached a bottom?
π The 1973 correction comparison
π° Why bearish FT headlines may matter
π¦ Can the Reserve Bank simply print money and buy gold?
#Silver#GoldPrice#PreciousMetals
https://t.co/C2anD69jnA
The world is buying gold. New Zealand holds none.
While central banks have been buying gold at record levels, the RBNZ still holds 0 tonnes of gold reserves.
Why?
Here's a deep dive into New Zealand's gold history.
https://t.co/dvxAnTKTuR
Most investors focus on prices.
The Dow Gold Ratio focuses on relative performance.
Since late 2021, gold has been regaining ground against shares.
https://t.co/nFlfrGYZVt
The Dow Gold Ratio topped 40 during the Dotcom Bubble.
It fell below 1 during the inflation crisis of 1980.
Today it's around 11.5.
What can 100+ years of gold vs shares history teach us?
https://t.co/xZ9o7KgbKD