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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 a movement by some European states to return gold stored abroad back to the owner country. The De Nederlandsche Bank, 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 ... [...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 the price of $40 per gram 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 esti ... [...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 New York (state), State of New York, the 12 northern counties of New Jersey, Fairfield County, Connecticut, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at Federal Reserve Bank of New York Building, 33 Liberty Street in Lower Manhattan, it is 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 uniquely 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, 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 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 w ... [...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 convertib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Currency
Fiat money is a type of government-issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1976 by the Jamaica Accords, the major currencies in the world are fiat money. 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 as a means of payment for liabilities. 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, w ... [...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 subscription 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 monthly subscription price of one crown was maintained until December 1912. The newspaper struggled in its first three years until the 10 June 1903 regicide (as part of the May Coup) 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. F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' newspapers of record. The first issue of the newspaper was published on July 8, 1889. The editorial page of the ''Journal'' is typically center-right in its positions. The newspaper has won 39 Pulitzer Prizes. History Founding and 19th century A predecessor to ' ... [...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; , NBB; , BNB; , BNB) is the National central bank (Eurosystem), national central bank for Belgium within the Eurosystem. It was the Belgian central bank from 1850 until 1998, established by law of and issuing the Belgian franc - albeit with interruption during World War I and duplication during World War II, when two National Banks with diverging loyalties operated in parallel from Brussels and London between July 1941 and September 1944. Since 2011, the National Bank has also been Belgium's prudential supervisory authority, and since 2014, its national competent authority within European Banking Supervision. In the area of financial market infrastructure, it stands out as supervisor of Euroclear and lead overseer of SWIFT; it also operates a central securities depository of its own, the National Bank of Belgium Securities Settlement System or NBB-SSS. Additional tasks include the management of foreign currency reserves; the collection, circu ... [...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. The bulletins were the first competition to VRT NWS Journaal, the news programmes broadcast by the 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'' was renamed to ''Het Nieuws'', as part of a major rebrandin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Welle
(; "German Wave"), commonly shortened to DW (), is a German state-funded television network, state-owned international broadcaster funded by the Federal Government of Germany. The service is available in 32 languages. DW's satellite television service consists of channels in English, Spanish, and Arabic. The work of DW is regulated by the Act, stating 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 centre 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, like all DW programs, can be viewed and listened via its website, YouTube, satellite, rebroadcasting and various apps and digital media players. DW has been ... [...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'' () 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: Bild Zeitung Rul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
