Commodity market The price of gold bullion fell dramatically on 12 April 2013 and analysts frantically sought explanations. Rumors spread that the European Central Bank (ECB) would force Cyprus to sell its gold reserves in response to its financial crisis. Major banks such as Goldman Sachs began immediately to short gold bullion. Investors scrambled to liquidate their exchange-traded funds (ETFs) and margin call selling accelerated. George Gero, precious metals commodities expert at the Royal Bank of Canada (RBC) Wealth Management section reported that he had not seen selling of gold bullion as panicked as this in his forty years in commodity markets.
What Has Government Done to Our Money? paper money that exists today started as a receipt for a fixed weight or portion of some commodity, usually a precious metal. When a commodity becomes a money, it gains new properties unique to being a money. For example, unlike every other commodity, money becomes less useful during the time its supply is expanded, roughly to the degree to which it is expanded, all other things being equal. To illustrate: If the Monee Tree dropped five new Moneez into the economy tomorrow, the effect would be zero. But, if the Monee Tree dropped one thousand trillion Moneez into the economy