Understanding the History of the Gold Standard

For almost 200 years after the founding of the United States, the value of the U.S. dollar was officially backed by gold. This was called the gold standard. In 1933, in partial response to the Great Depression, Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. In other words, a person could no longer insist on being paid in gold. For a while, at the time, it was illegal for Americans to own gold.

What Motivates You?

Talking about money is more than just talking about income, debt, assets, and spending habits. You care about money because money provides you with the things you need and the things you want, both tangible and intangible. The question is, what motivates you?

Inflation Hits a 40-year High

We are currently experiencing considerable inflation in the US with the dollar. Some economists define inflation exclusively as the increase in the amount of currency in circulation, period. The more currency chasing the same amount of goods makes each unit of currency worth less, and therefore, the goods cost more.

The Current Market – Bonds

U.S Treasury Bonds and high-quality corporate bonds have always been considered a conservative and safe way to invest, compared to stocks. Many investment advisors would say, “subtract your age from 100, the number you get should be the percent of your portfolio invested in stocks, the rest should be in bonds”.