| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Gold and Silver; the Currency of the Future
However, is it a safe idea to use dollars? Is the U.S. dollar a stable currency? The answer is no — definitely not. This answer can be backed by the fact that the value of today’s one dollar bill is equal to three cents of 1913. It means that the value of the dollar is falling day by day and most of us do not even know that. This attrition of dollar’s value will continue and no one can stop it from happening.
What is the point of paper money? After all, it is only paper. We have to use paper money because we have confidence it has some value. We have confidence that when we buy something, the shopkeeper will accept it. But the worth of paper money is declining every day because of inflation.
What is the solution of this problem? How can we keep our money without danger of erosion and eventual collapse? The answer is simple. We should convert it into gold and silver as several nations either have started doing or have already done. These countries are trying to get their hands on all the gold and silver they can reach; they are buying gold and silver and paying for it with U.S. dollars. They also are taking this step to ensure that after 30, 50 or maybe a hundred years from now, the gold and silver in their possession will have more value than the dollar — if the dollar still exists by that point in time.
Trade, which uses paper money as its backbone, is bound to collapse, and no nation will have confidence in the value of the paper money after it has collapsed.
The possibility exists that today’s fiat (paper, faith-backed) currency will collapse, but who is responsible for this economic collapse? Basically, the government is responsible for the poor handling of their nation’s financial condition. They are responsible for printing paper money in ludicrous amounts which causes inflation, resulting in the eventual downfall of the economy.
As mentioned above, the solution to this problem is keeping the monetary reserves of a country in gold and silver and using it in trade and commerce. By doing so, the country will not lose its wealth due to inflation and save the riches it has, simply by using a more reliable and valuable base of currency.
Guy Christopher is a writer of financial subjects and regular contributor to Dan’s Depot. Check out the survivalist forum to learn more about many topics of survival.
Our paper dollar once had its strength because it was backed by real gold. Now unfortunately it is just tat, paper, only with the value we assign it to have. Strange how most of us work so hard for paper.