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Gold Repatriation
Gold repatriation refers to plans of various governments to bring home their gold stored outside the home country. Many nations use foreign vaults for safe-keeping of part of their gold reserves. In 2014, there was movement by some European states to return gold stored abroad back to the owner country. The central bank of the Netherlands reduced its proportion of gold held by the New York Federal Reserve from 51% to 31%, and Austria and Belgium reviewed the possibility of taking similar measures. Venezuela Before 2012, the Central Bank of Venezuela, Banco Central de Venezuela (BCV), held about 211 tons of its 365 tons of gold reserves in American, European, and Canadian banks. In January 2012, however, Venezuela completed the move of 160 tons of gold bars (valued at about $9 billion) back home. The operation was ordered by President Hugo Chávez in August 2011 and was overseen by Central Bank chair Nelson Merentes. In early November 2018, the Bank of England in London refu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Reserve
A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency. The World Gold Council estimates that all the gold ever mined, and that is accounted for, totalled 190,040 metric tons in 2019How much gold has been mined? , World Gold Council but other independent estimates vary by as much as 20%. At a price of US, reached on 16 August 2017, one metric ton of gold has a value of approximately $40.2 million. The total value of all gold ever mined, and that is accounted for, would exceed $7.5 trillion at that valuation and using WGC 2017 estimates. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank Of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at 33 Liberty Street in Lower Manhattan, it is by far the largest (by assets), the most active (by volume), and the most influential of the Reserve Banks. The Federal Reserve Bank of New York is solely responsible for implementing monetary policy on behalf of the Federal Open Market Committee and acts as the market agent of the entire Federal Reserve System (as it houses the Open Market Trading Desk and manages System Open Market Account). It is also the sole fiscal agent of the U.S. Department of the Treasury, the bearer of the Treasury's General Account, and the custodian of the world's largest gold storage reserve. Aside from these distinct f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold As Investment
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries. Gold price Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries, until recent times. Many European countries implemented gold standards in the latter part of the 19th century until these were temporarily suspended in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Currency
Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converted in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kronen Zeitung
The ''Kronen Zeitung'' (), commonly known as the ''Krone'', is Austria's largest newspaper. It is known for being Eurosceptic. History The first issue of the ''Kronen Zeitung'' appeared on 2 January 1900. Gustav Davis, a former army officer, was the founder. The name referred to the monthly purchase price of one crown (it did not refer to the monarchic crown), recently made possible after the abolition of bureaucratic duties on newspapers (''Zeitungsstempelgebühr'') on 31 December 1899. The newspaper struggled in its first three years until the 10 June 1903 regicide of King Aleksandar Obrenović in the neighbouring Kingdom of Serbia, which the paper reported on extensively and made it achieve enormous popularity. The paper also became well known for its featured novels and other innovations, such as games for readers. By 1906 the newspaper had sold 100,000 copies. Franz Lehár composed a waltz for the newspaper for their 10,000th issue. After the ''Anschluß'' of Austria by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Save Our Swiss Gold
Save our Swiss Gold motion is a citizen movement that calls for the Swiss central bank to hold at least 20% of its assets in gold, prohibit selling any gold in future and bring back all its gold reserves to Switzerland. The Swiss government and the Swiss National Bank (SNB), however, do not agree with this citizen movement and stepped up efforts to block the motion that would force the country to almost triple the amount of its gold reserves. The group argue that gold is a barrier to devaluation of fiat paper currencies and that there is a key flaw in the system of floating paper currencies. The group argues that gold is a barrier to debasement of fiat currencies. The movement was started by 3 Swiss People's Party politicians – Parliamentarians Luzi Stamm, Lukas Reimann and Ulrich Schlüer – the initiative to "Save Switzerland's gold" was handed in to the Federal Chancellery in 2013. A referendum under Switzerland's system of self-government requires 100,000 signatures to get ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Belgium
The National Bank of Belgium (NBB; nl, Nationale Bank van België, french: Banque nationale de Belgique, german: Belgische Nationalbank) has been the central bank of Belgium since 1850. The National Bank of Belgium was established with 100% private capital by a law of 5 May 1850 as a '' naamloze vennootschap'' (NV). It is a member of the European System of Central Banks. The Governor of the National Bank is a member of the Governing Council, the main decision-making body of the Eurosystem, particularly as regards monetary policy; the National Bank of Belgium participates in the preparation and execution of its decisions. Apart from monetary policy, the National Bank of Belgium takes on other tasks which can be classified as follows: *the issuing of euro banknotes *the printing of euro banknotes and the placing in circulation of euro coins *the management of foreign currency reserves *the collection, circulation and analysis of economic and financial information *the stabilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VTM Nieuws
VTM Nieuws is the name of the daily news broadcasts on the Flemish television network VTM (TV channel), VTM. The bulletins were the first competition to VRT NWS Journaal, the news programmes broadcast by the Vlaamse Radio- en Televisieomroeporganisatie, VRT. History ''VTM Nieuws'' was first broadcast on 1 February 1989, the same night that VTM itself launched. As VTM's popularity grew, so did that of its news bulletins, with ''VTM Nieuws'' becoming a formidable competitor to ''Het Journaal'' throughout the 1990s. In its early years, ''VTM Nieuws'' was known for its relative innovations: its main bulletin, broadcast at 7pm, was presented by two newscasters, which was hitherto unheard of within Flanders; it was also the first Flemish news programme to broadcast a bulletin in the afternoon, and to have its newscasters present from within the newsroom. At the turn of the century, however, viewing figures began to decline, due to modernisation efforts by the VRT. In 2004, ''VTM Nieuws ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Welle
Deutsche Welle (; "German Wave" in English), abbreviated to DW, is a German public, state-owned international broadcaster funded by the German federal tax budget. The service is available in 32 languages. DW's satellite television service consists of channels in English, German, Spanish, and Arabic. The work of DW is regulated by the Deutsche Welle Act, meaning that content is intended to be independent of government influence. DW is a member of the European Broadcasting Union (EBU). DW offers regularly updated articles on its news website and runs its own center for international media development, DW Akademie. The broadcaster's stated goals are to produce reliable news coverage, provide access to the German language, and promote understanding between peoples. It is also a provider of live streaming world news which can be viewed via its website, YouTube, and various mobile devices and digital media players. DW has been broadcasting since 1953. It is headquartered in Bonn, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bild
''Bild'' (or ''Bild-Zeitung'', ; ) is a German tabloid newspaper published by Axel Springer SE. The paper is published from Monday to Saturday; on Sundays, its sister paper ''Bild am Sonntag'' ("''Bild on Sunday''") is published instead, which has a different style and its own editors. ''Bild'' is tabloid in style but broadsheet in size. It is the best-selling European newspaper and has the sixteenth-largest circulation worldwide. ''Bild'' has been described as "notorious for its mix of gossip, inflammatory language, and sensationalism" and as having a huge influence on German politicians. Its nearest English-language stylistic and journalistic equivalent is often considered to be the British national newspaper '' The Sun'', the second-highest-selling European tabloid newspaper.Sex, Smut and Shock: B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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