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Zimbabwe Considers Gold To Back Its Currency

February 15, 2024

While some segments of the financial markets look at gold and silver as pet rocks or doorstoppers, it's interesting that as nations around the globe continue to run into currency troubles, they keep turning to gold and silver.

The latest news is that Zimbabwe is now considering using gold to back their currency after years of hyperinflation have ravaged the country.

We're also seeing citizens in Egypt and Turkey turn to the precious metals, amidst this era that's also seen record central bank gold buying.

In today's video we look at these stories, as well as the other recent gold and silver news, so click the button to watch it now!

Arcadia Economics

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USA has the world’s largest holdings of gold: 8,134 - representing 77% of its Total Foreign Reserves.
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