Foreign Currencies Backed By Gold

Foreign Currencies Backed By Gold

The US Dollar was once backed entirely by gold, thus earning the term “greenback.” The Swiss Franc (CHF) was once 40% backed by both gold and silver, until 2006 when the country had to sell its gold and silver reserves to join the IMF. Today, not a single solitary currency on the face of the world is backed even 1% by gold or silver, as all nations have inflated their currencies to unprecedented levels in the past 50 years.
Commodities (Gold) and Currencies

Despite selling its large gold and silver reserves in 2006, the Swiss Franc (CHF) remains as an excellent bet on precious metals. Investors, seeing value in the anonymity and neutrality of Switzerland, typically buy the Swiss Franc as a safehaven investment during turbulent economic times. The USD/CHF pair typically performs to parity with the price of gold, with the dollar typically representing the “anti-gold” and the Swiss Franc a partial gold hedge.
Forex Brokers and Commodities

Since you can’t buy a currency backed by gold, the next best investment would be to buy gold either on the spot or futures markets. Many forex brokers such as Oanda.com and others allow investors to buy spot gold with leverage, enabling the ability to short virtually all currencies. Oanda in particular offers 30:1 leveraging on the spot price of gold, which is one of the best offers in the forex market. Others, such as InteractiveBrokers allow investors to buy and sell on the futures market, which is highly leveraged (100:1) but requires greater timing to profit.

Why Forex Education?

Why Forex Education?

Are you a beginning trader, or even a seasoned trader who is looking for a sound approach to consistent trading? If you are looking for the perfect trading system and immediate results, perhaps you have stumbled upon the wrong website. Currency College is not about getting rich quick! Our focus on sound trading strategies can be helpful in improving the trading skills of students at our Currency College. If you are interested in a black box system or red and green arrows, you might want to visit another website. We are here to help students develop as traders.


Proper training is essential to trading. Many firms in the forex business are simply trying to open as many accounts as possible without any concern for their clients' well-being. Their main concern is that the clients trade and have no interest in whether the clients have relevant trading experience or not. Unfortunately, a trader is like any other entrepreneur - without the proper preparation and expertise, his or her chances of succeeding are greatly reduced. That is the reason why our firm puts so much emphasis into the mentoring of our customers. Our forex training was created to teach our clients a strategy to day trade currencies - a step-by-step approach to trading. A trader that uses a strategy or system to trade may be able to explore the opportunities of trading more extensively. Currency College plans to teach you how to become a trader for life.