Tag: hyperinflation

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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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…