What Is The Moscow World Standard?

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The Moscow World Standard is a proposal by Russia to create a new precious metals pricing standard to rival the London Bullion Market Association (LBMA) and the Commodity Exchange (COMEX). The argument is that the LBMA and COMEX are using leveraged shorts to suppress the price of gold. As a major exporter of gold, Russia …

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15 Reasons Why Fiat Currency Is Bad

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Fiat currency is bad for many more reasons beyond the obvious one – that it loses purchasing power due to inflation. It has many other negative economic, political and social qualities. However, it is important to acknowledge the one benefit of fiat currency. Many hard money advocates don’t want to admit that fiat has any …

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What Is Fiat Currency Backed By?

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The short answer is that fiat currency is backed by the government that issues it. The government declares the fiat currency to be legal tender and mandates that its population pay their taxes in that currency. This requirement, alongside the recognition that the currency is given by the market as a means of exchange and …

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The History of U.S. Currency

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The Federal Reserve Notes that currently circulate as currency only became the exclusive legal tender of the United States in 1971. Before that, the United States had a number of different types of currency that co-existed. At various times gold and silver have been money, as well as a variety of paper currencies. Changes in …

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The Best Precious Metal To Invest In

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[Disclaimer: I own physical gold, physical silver and physical platinum. This is not investment advice and is provided for information only. It is not a recommendation to buy. Do your own research and consult a financial advisor.] The best precious metal to invest in depends on your goals. Many, choose to invest in precious metals …

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What is Sound Money?

what is sound money

The term “sound money” refers to a type of money which acts as a reliable store of value over time where it is difficult to dilute the supply and therefore the value with new units. The soundness of money depends on how well it retains its value and how difficult it is to increase the …

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A Short History of Fiat Currency Failures: 9 Currencies That Have Collapsed

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Fiat currency is an attractive thing for a government. They can use it to transfer wealth from the future to the present and therefore they can spend beyond their means. Taxation and borrowing have limitations, but creating new units of currency is a much easier method of government financing. Unfortunately for governments there is one …

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