If you ask someone "What is money?", they will pull out paper dollars from their wallet or purse and say "THIS is money..." However, that is NOT true. Around 95% of the world doesn't understand what money is and how the currency in their possession was designed to steal wealth. So, let's define money and it's true purpose...
Money
A medium of exchange and a store of value that is used to purchase goods, services, or assets. All sovereign countries started out with commodities to use as money.
People had no complaints about using silver or gold for services and countries started to prosper when the people were prospering. |
Currency
A medium of exchange backed by gold and silver to purchase goods, services, or assets. Later on, the government introduced Certificate of Deposits, which were claims checks that states the "real money" is held in the vaults.
This was good for a while because the people knew that their certificates were back by physical gold or silver. |
Fiat Currency
Paper currency is not convertible into coin or specie of equivalent value. Now, the country starts to take on enormous debts from unfunded liabilities and military expenditures, such as war.
Citizens and neighboring countries begin demanding repayment of the gold and silver that they were promised that was stored in the vault. The government had to stop paying in silver or gold because they don't have enough to cover the certificates in circulation. And if everyone tried cashing in at the same time, it will deplete their supply almost immediately. Now, there's a serious problem when the government can't deliver on what they promised. Fiat Currency can be printed from an unlimited supply of paper, but gold & silver cannot be reproduced. |
The Power of Fiat Currency
Fiat currency has been designed to lose value and to confiscate your wealth by transferring it into the hands of the government and investors. The currency that is in our bank accounts or wallets have no intrinsic value. Do you really think the ink on the paper of a $20 bill is worth $20? So what are you really saving?
For decades, the United States, along with other countries around the world, have used fiat currency (paper bills/notes/promises) as "money". Due to massive currency printing, there are huge amounts of debt and inflation which have caused these currencies to lose their purchasing power.
For decades, the United States, along with other countries around the world, have used fiat currency (paper bills/notes/promises) as "money". Due to massive currency printing, there are huge amounts of debt and inflation which have caused these currencies to lose their purchasing power.
The Conclusion...
Gold and silver is money while the paper money that we are using and saving is debt! Are you ready to preserve your wealth? Contact me and I can help you set up a precious metals savings account today!
Gold and silver is money while the paper money that we are using and saving is debt! Are you ready to preserve your wealth? Contact me and I can help you set up a precious metals savings account today!