Why is everyone buying gold at the moment?


Posted March 7th, 2010 by admin 2 Comments »
buying gold
Nacho-Nick asked:


Im wondering why everyone is buying gold at the moment. There seem to be alot of adverts on TV for buying old jewelry. Is this whats known as a Gold rush? If so why does this happen now and then?

Also as a bonus question why is money no longer backed by gold / gold standard?

Thanks