Fiat currency, or government issued currency, is bad for many more reasons beyond the obvious one – that it loses purchasing power due to inflation and eventually goes to zero. It has many other negative characteristics that cause economic, political and social problems. However, first it is important to acknowledge the one benefit of fiat […]
15 Reasons Why Fiat Currency Is Bad For The Economy Read More »
The short answer is that fiat currency is backed by the government that issues it. That is the nature of what a fiat currency is – something that the government, not the market, has deemed to be money. The government declares the fiat currency to be legal tender and mandates that its population pay their
What Is Fiat Currency Backed By? Read More »
The Sherman Silver Purchase Act of 1890 compelled the U.S. Treasury to purchase 4.5 million ounces of silver per month. This was designed to support the falling price of silver and was one episode in a long battle in U.S. monetary politics between proponents of bimetallism and proponents of a mono-metallic gold standard. The Sherman
3 Lessons From The Sherman Silver Purchase Act Of 1890 Read More »
Key Takeaways The denarius was the most important coin of the Roman monetary system and one of the most famous silver coins in history. Its extensive circulation across the vast reaches of the Roman Empire demonstrates the success of silver as a monetary medium. According to numismatic history legend Kenneth Harl in his outstanding book
The Roman Denarius: A History Of The Iconic Silver Coin Read More »
The history of U.S. currency begins with the foreign money of the colonial era and ends with the fiat standard of the post 1971 era. The Federal Reserve Notes that currently circulate as U.S. currency only became the exclusive legal tender of the United States in 1971. Before that, the United States had a number
The History of U.S. Currency Read More »
The best precious metal to invest in depends on your goals. Many, choose to invest in precious metals because they are hard assets with limited supply and therefore offer long term protection against inflation and the devaluation of fiat currencies. However, each precious metal has a different balance of industrial, jewellery and monetary demand and
The Best Precious Metal To Invest In Read More »
Value investing and technical analysis are often mistakenly seen as being at odds with one another. After all value investing is based on a fundamental analysis of a company’s valuation as compared to the market price of the stock. Value investors look for high quality companies that are trading at a discount and a mismatch
How Value Investing Can Benefit From Technical Analysis Read More »
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
What is Sound Money? [And Why It Is Important To Understand] Read More »
Key Takeaways The history of fiat currency failures reveals a very predictable pattern. The government starts with a small issue of paper money, thinking that they will just use it the once. Then they use it a second time. Then another and another, and another. Soon they are addicted. The government eventually prints too much,
A Short History of Fiat Currency Failures: 9 Currencies That Have Collapsed Read More »
Offshore gold storage in another jurisdiction has three key benefits. There are a number of compelling reasons to buy gold, especially in the current market environment, not least the fact that gold has been sound money for thousands of years. The problem is, at least when you buy physical gold, you have to decide where
Offshore Gold Storage: 3 Benefits of Holding Gold Overseas Read More »