SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. Gold … More prices hit 544.60 dollars per ounce on January 09, 2006, the highest level since January 1981, owing to geopolitical tensions in the Middle East and reports that China may increase its reserves of the metal.
The Federal Reserve, as most of us know, was established in 1913. What did the US monetary system look like before then? Of course there were gold and silver coins. But, mostly people used paper banknotes, issued by private commercial banks. In 1913, 7,404 private banks issued their own banknotes – all of them convertible
Gold will continue to hold significant value both as a store of wealth and an essential asset for diversification, said Chief Economic Advisor (CEA) Anantha Nageswaran. Speaking at the 8th IGPC-IIMA Annual Gold and Gold Markets Conference 2025 in New Delhi on Monday, Nageswaran emphasised that gold’s importance will remain salient in the coming years