Yesterday, the price of silver spiked about 10%. We wrote that it was driven by: “…buying of physical metal.” And we added: “This is a pretty good signal that a bull market may be returning to silver. Let’s watch the basis and price action closely and see how it develops, before we join the pack…”
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Tag Archive: Bretton Woods
To The Asian ‘Dollar’, And Then What?
The Bretton Woods system was intentionally set up to funnel monetary convertibility through official channels. The primary characteristic of any true gold standard is that any person who wishes can change paper claims into hard money. It was as much true in any one country as between those bound by the same legal framework (property).
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Bretton Woods: RIP
Some romanticists want to have another Bretton Woods fixed exchange rate regime. Bretton Woods had difficulty from nearly the day it went operational. It is misguided to think a new rigid regime is needed or is appropriate.
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Financial Cycles History: 1945-1966: Bretton Woods, strong growth in Europe
The Bretton Woods time from 1945 to 1966 was a period of strong growth, especially in country like Germany, France, Italy and Japan.
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The Collapse of the Bretton Woods System, the German Current Account and Gold Reserves
German, Swiss and Japanese gold reserves rose continously in the Bretton Woods system, whereas American and British reserves fell.
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