Gold deposit rates – a guidance paper

OpinioPro Selection
By October 9, 2020 15:15

Gold deposit rates – a guidance paper

Gold’s intrinsic value has been recognised for millennia but its role on the global stage changed fundamentally following the collapse of the Bretton Woods system. In 1971, US President Nixon suspended the dollar’s convertibility into gold. By 1973, advanced countries began adopting a managed floating exchange rate system and gold started to trade freely on world markets.

Confronted with a new international monetary system that no longer had ties to gold, economies around the …

OpinioPro Selection
By October 9, 2020 15:15

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