A dollar-driven rally
for thousands of years the glamour of gold has attracted and captivated humans and even caused conflict. But during the 19th century, the role of gold changed dramatically by becoming the world’s official means of payment – not necessarily via direct trade, but in the form of “promises”. The gold standard basically meant that you could redeem this promise in the form of a note at any central bank for its weight in gold, which, at the time, was linked to a specific currency.
The role of gold in developed
