Preview

Summary: The US Money Reserve

Good Essays
Open Document
Open Document
444 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Summary: The US Money Reserve
The US Money Reserve was established in 2001 and over the years it has developed into a world class distributor of United States and foreign government supplier of silver , platinum,gold and legal tender commodities.It's one of the largest suppliers of U.S. Government-Issued precious metals and offers coins generated by the U.S. Mint and it is wholly supported by the U.S government.Thousands of customers across the United States rely on US Money Reserve to diversify their assets with physical precious metals, primarily in the form of U.S. gold and silver coins.

Among the services it provides to its clients is a thirty-day money back guarantee on its certified coins. Through this, it has been able to build trust with its clients thus improving relations with them.

Among the commodities it offers is gold. Gold has
…show more content…
Gold is something that you actually have to put effort into, in order to get it from the earth. It's not free to harvest, it takes time, energy, and money. For this reason, it always retains its value in times of economic trouble. Some even believe that the United States should go to a completely gold standard, getting rid of the Federal Reserve and getting away from printed money. This would restrict the government to only spend the money that they actually have in their possession, so debt and inflation would be controlled and we would not have economic collapses like we see today. Recessions are still possible on a gold standard, but they would not be nearly as severe. In fact, most people don't know that in the last recession, we were threatened by a Great Depression but by bailing out the banks and the car industries, we avoided that but only temporarily. One day, the recession will return and if you have invested in buying gold coins, you will have money by your side to support

You May Also Find These Documents Helpful

  • Satisfactory Essays

    WHAT ARE THE FACTORS THAT WOULD INFLUENCE THE FEDERAL RESERVE IN ADJUSTING THE DISCOUNT RATE?  Weak Economy.  Low Employment Levels.  High Prices Fluctuation.  Low Economy Production Capacity.…

    • 320 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Gold Standard Dbq

    • 218 Words
    • 1 Page

    The Gold Standard, formally instituted in the United States in 1834, was a way to secure the prices of domestic currency in terms of a tangible, valuable commodity–gold. With a single ounce worth $20.67 ($384.35 in today’s money), people freely converted their earnings into gold and vise versa. Originally on a bimetallic system, that is a silver and gold standard, the United States followed the British in their transition to a strictly gold standard. During this time, a great number of countries adopted this system to varying degrees, leading to a groundbreaking period of free trade and economic growth. This period was limited, however, and was dismantled during World War II due to aggressive inflation.…

    • 218 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Bimetallism Pros And Cons

    • 1459 Words
    • 6 Pages

    The Gold Standard Act put the United States on the Gold Standard in 1900. This means the standard economic unit of account is based on a fixed quantity of gold. This act declared that the gold dollar "shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard"(Gold Standard). The Gold Standard Act was the pinnacle of Republican monetary conservatism, making gold the standard for all of the nation’s currency. The Treasury was required to maintain a minimum of $150 million in gold reserves and the price of gold was set at $20.67 per ounce in. The Gold Standard had dropped the silver dollar sharply and stopped bimetallism.…

    • 1459 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    The video examines the Federal Reserve System, including how it was established and what it does. The video states that the Federal Reserve System (FRS) is privately owned by for-profit corporations. Even though it is not a government agency, it was commissioned to print money for the federal government, at a fee paid for by the personal income tax. The video also says that the American dollar is no-longer backed by any amount of gold. This means that the money we use today, is essentially worth no more than the paper its’ printed on. It also says that the American dollar represents debt more than wealth, currently this point could be argued, but it is obvious that it will eventually come to this.…

    • 1415 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Every Capitalist nation has a monetary system basically similar to ours. As a consequence, all have developed central banks whose duties are essentially like those of the Federal Reserve, namely, to exert control over the direction and extent of changes in the money supply.…

    • 1165 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Federal Reserve Paper

    • 948 Words
    • 4 Pages

    Money is controlled by the central bank, and they determine the value of the US dollar. Money is defined as the assets that people are generally willing to accept in the exchange of goods and services or for payment of debts (Hubbard & O 'Brien, 2010). The nation’s central bank is called the Federal Reserve Bank, and different tools are used to control and manage the monetary policy. For this is the responsibility of the Federal Reserve Bank. The Federal Reserve Bank is always evaluating the economic solidity and making obligatory changes to the monetary policy in an attempt to stabilize the economic health.…

    • 948 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Federal Reserve System

    • 1519 Words
    • 7 Pages

    Ben Bernanke was a key player in U.S. economic policy well before the Great Recession, and during that time seems to have achieved almost mythical status. The prolonged economic crisis has kept him front and center in the news, with regular appearances on Capitol Hill and increasingly heated rhetoric from detractors. As Federal Reserve chairman, Bernanke maintains as he attempts to steer the nation onto a steadier economic course. Federal Reserve Chairman Ben Bernanke is, by all accounts, a man of formidable intelligence. He scored 1590 on his SATs, taught himself calculus in high school, and graduated summa cum laude from Harvard University. He then went on to earn his Ph.D. in economics from the Massachusetts Institute of Technology, with a dissertation on the Great Depression—knowledge that has almost certainly informed his policy moves during the current economic downturn. Ben Bernanke’s bond buying program that has been in place for the last couple of years is starting to be wound back up. US sharemarkets have surged to new record highs on the back of that news, with further gains of around 1.5% just recently, which means that US stocks are up almost 7% in the last two weeks. At the same time, the US dollar has weakened and the yield on government bonds has fallen back, although they remain substantially higher than the yield of a few months ago as the better economic news has underscored a generally sluggish sentiment. It is strikingly clear that Bernanke is not going to make the same mistakes that knee-capped each mini-recovery that emerged during the 1930s Great Depression, when policy-makers prematurely tightened policy on several occasions when there were tentative signs that the economy was improving.…

    • 1519 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The Federal Reserve (Fed) creates and manages some of the most important economic policies in the world. Its current chairman, Janet Yellen is considered one of the most powerful people in the world because of the decisions she oversees. One of the biggest decisions that Federal Reserve has to make is what to do with the short-term interest rate. To comprehend that question one must look at the two factors that go into that decision. Those two factors are referred to as the dual mandate. So what exactly does the dual mandate entail of?…

    • 1244 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Identify at least three problems facing the FED in achieving its goals of monetary policy and give your recommendations on how to deal with each of the problems you list.…

    • 747 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The United States Federal Reserve Bank was found in 1913. The Federal Reverse Bank was created after congress passed the Federal Reserve act. This was because of financial panics that kept happening manly the financial panic of 1907. The United State attempted to set up this bank before but it was always shut down after 20 years. The Federal Reserve Act is also known as the Glass-Owen Bill. The Republican controlled Senate pushed the bill through when many members of the US Congress were home for the holiday. The President Woodrow Wilson signed it into law one hour after being passed by the congress (Krautkramer).…

    • 2174 Words
    • 9 Pages
    Better Essays
  • Good Essays

    On December 23, 1913, a congressional act was passed and signed into a law, under the presidency of Woodrow Wilson that established the Federal Reserve Bank and made the Federal Reserve System a crucial aspect of the United States' government. The Federal Reserve System is contemplated to be an independent central bank; however, is sometimes referred to as "independent within the government” and is considered to be the central bank of United States. Ever since 1913, the United States of America has relied on its Federal Reserve System to control the country’s currency and interest rates. The existence of such an institution has caused the United States of America to possess one of the world’s finest economies. Therefore the United States' economic…

    • 827 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Federal Reserve

    • 656 Words
    • 3 Pages

    I have been asked to prepare this essay to familiarize foreign officials with The United States Federal Reserve. As parties interested in doing business in our country, I understand how important it is for you to inform yourselves on the Federal Reserve and how it operates. In this paper, there will be information pertaining to the federal fund rate, monetary policy, stimulus program, and the current state of money in this economy.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Good Essays

    One way the Federal Reserve Bank can change the money supply is by purchasing U.S. government securities from financial institutions. They can create “funds” or credits on their balance sheets in exchange for the securities. The second policy the Federal Reserve can use is the discount rate. This is the interest-rate the Federal Reserve charge banks for their loans. They can either increase or decrease this rate to encourage or discourage banks to borrow their money to make loans to the public. The last way the Federal Reserve can change the money supply is by regulating the amount of liquid reserves they keep on hand. The higher the reserve requirement, the less money available…

    • 545 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The Federal Reserve is the central banking system of the United States. It was created in December 1913. The Reserve is government licensed and privately owned; also it is not accountable to anyone. It was created by Congress and signed in by President Woodrow Wilson. The U. S. Congress established three key objectives: Maximum employment, stable prices, and moderate long-term interest rates. Today its duties have expanded well beyond those things (Bullamore).…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Federal Reserve Paper

    • 821 Words
    • 4 Pages

    The Federal Reserve System has many functions; some of its main responsibilities include: organizing, standardizing and stabilizing monetary system by issuing currency, controlling the credit system, monitoring the commercial banks, and managing exchange reserves (Mullins, 2006). From a macroeconomic point of view, Federal Reserves are responsible for ensuring long term sustainability of nation’s funds, it provides the economy with funds when the commercial banks gets short on money. The bank regulates the monetary policies by buying and selling of government treasury bonds, and controlling interest rates, employment rates and manufacturing output by using following methods (Mullins, 2006):…

    • 821 Words
    • 4 Pages
    Good Essays