Study: 28% of Americans Believe the US Dollar is Still Backed By Gold

Category / Gold / Money and Banking / Polls & Research / Survey 2020 Published on

In an age of widespread misinformation, it appears that there is plenty of confusion about what gives the U.S. dollar value. According to our recent study, the Perceptions and Understanding of Money — 2020  28% of Americans believe that the U.S. dollar is backed by gold—as you may know, it’s not.

The revelation that the dollar is not backed by gold may spark a question: what, if not gold, is the dollar backed by? Posed in other terms: what gives the dollar value, exactly?

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Facts About The California Gold Rush – Money Talks 9.

Category / Gold / Money Talks Published on

Americans still pay tribute to the California Gold Rush, both through the existence of the San Francisco 49ers football team and the way the phrase “gold rush” is still used today to indicate a windfall or frenzy (people use that term, don’t they?) But how much do you actually know about the California Gold Rush of 1849? And how much do you suspect younger generations know about this defining era in American history, for that matter?

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Why Does Gold Have Value? – Money Talks 8.

Category / Gold / Money Talks / Money and Banking Published on

 

Gold has been a valuable commodity since it was discovered thousands of years ago. The Egyptians are one of the earliest cultures to have fashioned gold into jewelry and for other ornamental purposes, marveling at gold’s natural shine, durability, malleability, and wonder.

Gold’s appeal has not diminished over the centuries, nor has its store of value. It is about to be the year 2020, and yet there is arguably no safer way to preserve your wealth than to buy gold. Yet, there is still some misunderstanding about gold by the general public, as evidenced by our recent survey How Well Do Americans Understand Money?

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10 Surprising Facts About Gold

Category / Gold / Money Talks Published on

Gold once gave our American currency, and many other currencies around the world, stability. Each unit of money was tied to the per-ounce price of gold, and gold’s intrinsic value meant that the value of money fluctuated far less than it does today under our fiat currency system.

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