SamsungShineBrightness
Mon Oct 28 2024
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6 answers
1501
Is GLD 100% backed by gold?
I'm wondering if GLD is fully backed by gold. I want to know if investing in GLD means I'm actually investing in gold, or if it's just some kind of gold-related financial product that might not be fully backed by physical gold.
ethan_lewis_journalist
Sat Oct 26 2024
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0 answers
0
What is the U.S. dollar backed by gold?
I heard that some currencies are backed by gold, which means they have actual gold reserves to support their value. I'm wondering if the U.S. dollar is one of them. Is the U.S. dollar backed by gold, and if so, how does it work?
BlockchainVisionary
Thu Oct 17 2024
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5 answers
944
Why is the U.S. dollar no longer backed by gold?
I'm wondering why the U.S. dollar isn't backed by gold anymore. Historically, the dollar was tied to gold, but now it seems like that's no longer the case. What changed and why did the U.S. government decide to move away from the gold standard?
SamsungShiningStar
Wed Oct 16 2024
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6 answers
1360
Is the US dollar still backed by gold?
I don't understand this question. Could you please assist me in answering it?
CryptoLegend
Tue Oct 15 2024
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5 answers
1020
Are any currencies still backed by gold?
I'm wondering if there are still currencies in the world that are backed by gold. I want to know if any country's currency value is directly linked to its gold reserves.
