Nearly everyone knows that gold is valuable. However, some people aren’t aware that the value of the precious metal isn’t fixed. Many factors affect it.
One of which is monetary policy. The impact of monetary policy on gold isn’t immediate but it’s significant.
Monetary Policy Defined
Independent central banks implement monetary policy to attain macroeconomic goals for their respective countries. These goals include high economic growth, low unemployment and low inflation.

Global crypto payment provider, BitPay has announced that the OneGold precious metals and digital gold marketplace is now accepting Bitcoin and Bitcoin Cash, according to a press release. OneGold – founded by APMEX is a leading precious metals retailer, and Sprott, an alternative asset manager – are focused on giving investors the ability to combine the “key benefits of physical gold and silver with those of blockchain-based digital assets.”