Green gold view: the printing press printed not gold We want you! The first 2016 China Potter Rockefeller award officially started! Funds, insurance, brokerage and other financial institutions, information management capabilities which is better? Please click [vote], select the strongest institutions in your heart! The printing press printed not mention gold gold, people usually will be linked to another word "notes". Gold as a medium of exchange, as a result of its intrinsic value as a person’s assets, does not constitute any liability. The bill, as a promise of future purchasing power, becomes a person’s asset, and it is the liability of the person or institution that issued the note. And holding the hands of the issuer or the agency is actually credit. In the absence of a gold standard, the system of the printing of paper money can be infinitely expanded and carried out as long as it is believed that the credit of the person or institution that issues the paper money has been kept. If the notes issued a large number of far beyond the social output, it’s those who hold these notes creditors on their hands because of super notes caused by inflation, thus losing their thought some purchasing power. Under the gold standard, the amount of paper money issued by the government is limited to the amount of gold held by the government. This effectively curbed the issue of bank notes. The price of paper money is also falling, if gold flows in large quantities or yields suddenly increase. After the 2008 financial crisis, no matter what kind of technical treatment, modified or label, the United States, Europe and Japan to launch quantitative easing of long-term financing plan, a multitude of names and the lower limit of the inflation policy motivation and means are clear: after all, is the banknote printing in the end. The reason for this is because of the inflated debt, which results in an inflated debt. Rationally speaking, now expect to return to the past era of the gold standard is basically impossible, but the currency depreciation is also basic is That’s final. Is there any good hard currency that can be used to hedge the worthless banknotes? The answer is gold. The devaluation of gold hedge currency function reflected in gold for the major currencies relatively stable prices, so when a regional currency devaluation, this region can be obtained effectively holders of gold assets. This function is not unique to gold, other hard currency, such as the dollar can often act as a role. But in countries where foreign exchange control is implemented, it is often easier to get gold than to get it. The author analyzed the major developing countries in world currency denominated price of an ounce of gold in 20 years charts, are as follows: an ounce of gold prices in India rupee denominated price of an ounce of gold to the Russian Ruble denominated price of an ounce of gold denominated in Rand denominated Brazil reais per ounce of gold price in Argentina Bissau the price of an ounce of gold denominated Turkey lira price of an ounce of gold for twenty years, with major developing world currencies denominated price of an ounce of gold or the author are as follows: twenty years of major developing countries of the world currency denominated price of an ounce of gold相关的主题文章: