Tag: fiat currency

The Rise And Fall Of Fiat Currencies

Fiat currency refers to any currency that a government declares to be legal tender. Legal tender in this context means that the money has the full backing of the government that issues it. Throughout history, fiat currencies have had the order of rising and eventually collapsing, often due to devaluation. Initially, paper money gets introduced into an economy whereby it…

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Why Gold?

The popular saying goes “Gold is where you find it”. First discovered as shining, yellow nuggets, gold has since become a part of nearly every human culture. Throughout the centuries, gold captivated the society due to its brilliance, luster, natural beauty, malleability, and resistance to tarnish. Throughout the 1800s, the United States currency was mostly based on the gold standard;…

Storing Wealth In A Digital Age

Introduction: We live in a very different world than even just a few years ago. With knowledge increasing every year, and technology making leaps and bounds, the world of finances is heading towards a realm that would be unrecognizable not too long ago. With the advent of blockchain technology and the fintech industry, the ability to own value which is…