Friday, August 3

Do you know Bretton Woods system?

I don’t think even a top notch financial expert may tell you about Bretton Woods system.

The Bretton Woods system of international monetary management established the rules for commercial and financial relations among the world's major industrial states. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states.

The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold bullion and the ability of the IMF to bridge temporary imbalances of payments. But due to various external factors, the system collapsed in 1971, following the United States' suspension of convertibility from dollars to gold.

Though I can’t brand myself as a financial adviser, I have become some sort of an expert in precious metals market because of my association with Monex Deposit Company (MDC), America’s gold, silver and precious metals investment leader.

Monex has a team of analysts who feel that silver, and specifically us silver coins, presents an outstanding investment opportunity and this is the right time to accumulate our bag of silver coins.

Any takers of this useful advice?

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