{"product_id":"2940012787354","title":"How To Make A Fortune Buying \u0026 Selling Gold Coins!","description":"1662.60 price of Gold 4\/29\/2012\u003cbr\u003e\u003cbr\u003eOf all the precious metals, gold is \u003cbr\u003ethe most popular as an investment. \u003cbr\u003eInvestors generally buy gold as a \u003cbr\u003ehedge or harbor against economic, \u003cbr\u003epolitical, or social fiat currency \u003cbr\u003ecrises (including investment market \u003cbr\u003edeclines, burgeoning national debt, \u003cbr\u003ecurrency failure, inflation, war and \u003cbr\u003esocial unrest). The gold market is \u003cbr\u003esubject to speculation as are other \u003cbr\u003emarkets, especially through the use \u003cbr\u003eof futures contracts and derivatives.\u003cbr\u003eThe history of the gold standard, \u003cbr\u003ethe role of gold reserves in central \u003cbr\u003ebanking, gold's low correlation with \u003cbr\u003eother commodity prices, and its \u003cbr\u003epricing in relation to fiat currencies \u003cbr\u003eduring the Late-2000s financial \u003cbr\u003ecrisis, suggest that gold behaves \u003cbr\u003emore like a currency than a commodity.\u003cbr\u003e\u003cbr\u003eGold has been used throughout history \u003cbr\u003eas money and has been a relative \u003cbr\u003estandard for currency equivalents \u003cbr\u003especific to economic regions or \u003cbr\u003ecountries, until recent times. Many \u003cbr\u003eEuropean countries implemented gold \u003cbr\u003estandards in the latter part of the \u003cbr\u003e19th century until these were \u003cbr\u003etemporarily suspended in the \u003cbr\u003efinancial crises involving World War \u003cbr\u003eI. After World War II, the Bretton \u003cbr\u003eWoods system pegged the United States \u003cbr\u003edollar to gold at a rate of US$35 per \u003cbr\u003etroy ounce. The system existed until \u003cbr\u003ethe 1971 Nixon Shock, when the US \u003cbr\u003eunilaterally suspended the direct \u003cbr\u003econvertibility of the United States \u003cbr\u003edollar to gold and made the transition \u003cbr\u003eto a fiat currency system. The last \u003cbr\u003ecurrency to be divorced from gold was \u003cbr\u003ethe Swiss Franc in 2000.\u003cbr\u003e\u003cbr\u003eSince 1919 the most common benchmark \u003cbr\u003efor the price of gold has been the \u003cbr\u003eLondon gold fixing, a twice-daily \u003cbr\u003etelephone meeting of representatives \u003cbr\u003efrom five bullion-trading firms of \u003cbr\u003ethe London bullion market. Furthermore, \u003cbr\u003egold is traded continuously throughout \u003cbr\u003ethe world based on the intra-day spot \u003cbr\u003eprice, derived from over-the-counter \u003cbr\u003egold-trading markets around the world","brand":"unique5stardeals","offers":[{"title":"Default Title","offer_id":47073531134192,"sku":"2940012787354","price":4.97,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940012787354_p0.jpg?v=1763572364","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940012787354","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}