Borders: What are Goldbacks? Cordon: Goldbacks are basically a cash-like form of gold. A single Goldback contains one thousandth of an ounce of gold. Borders: Short of giving away trade […]
Bitcoin vs. Gold: What’s the Difference? (Video)
While any good can serve as money, not all goods are equal in terms of their monetary qualities. In the debate of bitcoin vs. gold, which one wins? In this […]
A Note on the New Russian “Gold Standard”
After ten days of offering to purchase gold for a fixed number of rubles, the Russian central bank has announced that going forward it will pay negotiated rates in future […]
Are Gold Rubles Gold or Rubles?
Exactly one hundred years ago, in March 1922, the Soviet “goods” ruble was in its final stages of collapse after years of debasement and economic mismanagement. Facing a hyperinflation and […]