The Phaserl


The “New” Cold War and the Power of Gold

by Dan Popescu, Gold Broker:

The Cold War describes a state of political and military tension, after World War II, between powers in the Western Bloc (United States, Western Europe and Japan) and powers in the Eastern Bloc (Soviet Union and the Warsaw Pact countries). Historians have not fully agreed on the dates, but 1947–1991 is common. It was “cold” because there was no large-scale fighting directly between the two sides, although there were major regional wars in Korea, Vietnam and Afghanistan that the two sides supported. However, the danger of an actual nuclear war was always present. The Cuban Missile Crisis of 1962 was a direct and dangerous confrontation between the United States and the Soviet Union during the Cold War and was the moment when the two superpowers came closest to nuclear conflict. The Berlin Wall, that best symbolizes the Cold War, was erected in 1961 and destroyed in 1990. It was referred to, in the East, as the “Anti-Fascist Protection Rampart” and, in the West, as the “Wall of Shame”. I spent almost half of the Cold War in the East and the other half in the West, so I had the chance to observe it from both sides.

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