Educational articles about gold, silver, fiat currency, and the considerations involved in precious-metals investing.
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Educational articles about gold, silver, fiat currency, and the considerations involved in precious-metals investing.
The Origins of Fractional Banking The fundamental idea governing the fractional banking system dates back to medieval England. Between 1000 and 1100 A.D., money lenders, who were at that time referred to as goldsmiths, secured the people’s gold and silver in their vaults. With each deposit of gold or silver, the depositors were given a…
Yet, the dollar’s key position in the global economy is increasingly called into question. There are good reasons to question the dollar’s value and strength. The US government is guilty of every action that makes fiat money worthless, and the US economy has experienced nearly all the consequences listed above. Current policy is only increasing these effects and putting the US economy at greater risk. Some current and very serious dangers facing
Fiat money is money that a government declares is legal tender. Fiat refers to the government order. It’s from the Latin, like so many of our legal words, and it means “let it be done.” The government looks at the notion that paper bills can be legal tender, and says, “let it be done.” Gold…
For thousands of years, gold and silver have been admired and considered valuable. More recently, other metals like platinum have been added to the list. The value of these metals tends to increase over time, so it’s usually a good idea to include precious metals in your portfolio, but how? Which ones should you buy…