Tag: fiat money

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;…

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The Value Of Gold vs. The Value Of Fiat & Global Average Incomes

Gold has historically been used in many places as a means of storing or representing wealth. It has been historically hoarded by governments & the wealthy in many countries and places at various times. Currencies have often been devalued by means of lowering their gold or silver content or disconnecting them altogether. Over the last 200 years, gold has steadily…