About Parity Money and Gold

Parity Money and Gold is a blog which concerns itself with the volatility of financial markets and the rush on gold.

More than that it is a blog which is meant to show a possible scenario of how things might be in the near future.

Gold was once used as a standard. It such times gold was the monetary system and the economic unit of account in trade. In such times paper currency is set to fluctuate near the price of gold. In such times central banks keep their countries paper currency worth near the price of gold.

This is called pegged to a standard where the standard is gold.

Today there are 6 major currencies in the world and they are free floating and the price of any of these currencies is set by the market. The market is the foreign exchange market and the major currencies are priced by auction. Many minor currencies are also priced by auction however the price of a minor currency does not weigh much on the social balance of the world.

Major currencies trade against each other and "About Parity Money and Gold" is an attempt to show a not so bright future for currencies where every major currency trades at par and where gold price first skyrockets, becomes a standard, and then tanks to extreme lows leaving the fiat nearly worthless.

Join us by linking to us and follow the financial charts we provide to see if you agree.

Who knows you may even be able to find a reason to trade currencies while coming to understand what moves global economies.