My next door neighbour cornered me the other day and asked me to explain what’s happening with gold. The trouble is no-one teaches you anything about money when you’re at school, and yet we all need it, spend it, and use it every day. There are a couple of very important things one needs to know about money. First, it isn’t worth anything at all. Despite what is printed on UK bank notes, you cant exchange a small piece of paper masquerading as money for anything else that can also be used as money, except either gold or silver. And with fiat money you cant even do that
The End of Fiat Currencies is Near
The End of Fiat Currencies is Near
The End of Fiat Currencies is Near
My next door neighbour cornered me the other day and asked me to explain what’s happening with gold. The trouble is no-one teaches you anything about money when you’re at school, and yet we all need it, spend it, and use it every day. There are a couple of very important things one needs to know about money. First, it isn’t worth anything at all. Despite what is printed on UK bank notes, you cant exchange a small piece of paper masquerading as money for anything else that can also be used as money, except either gold or silver. And with fiat money you cant even do that