Goldfixing Fonderia e laboratorio analisi preziosi

The effective liberalization of the gold market corresponds with the adoption of gold monometallism in almost all the countries. WWI caused a depreciation of gold and the reduction in the production, which, together with other aspects of economic and monetary nature, decided to give up on the gold standard system in favor of others.

In the meantime, the USA in the early 30s fixed the price of gold at 35 dollars/ounce, ensuring to purchase or sell any quantity of gold at the same price. Not surprisingly they became the main buyers unlike the other countries that used a system of inconvertible paper money. This hard condition of inequality persisted until the outbreak of WWII.

Following the agreements of Bretton Woods of 1944, an international monetary system was created that was intended to level the economic imbalances of the countries and avoid wars. Actually 30 years later, the mismanagement of public funds and the wars in Korea and Vietnam represented an unbearable pressure on the American dollar, but they highlighted that wars are supported by financial maneuvers. The main characters are always indebted countries, that in order to amortize the inflation, prefer to issue money, the markets push for public investments forcing the State to increase arms expenditure, whose employment is functional to reap the best benefits. An example close to us is the conflict between Ukraine and Russia, with an increase of gold to 1.4%.