Where Has All The Silver Absent A Bag Of Old Coins Tells No Lies

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No doubt you have heard about "gold money"? But I so want to give you a somewhat different take on it. I am not writing here about digital gold accounts- instead real "gold money". To start many people don't realise that gold IS money!

BUT- and here's where every silver coin owner & bullion bug sits up and takes notice.ISO4217 Consists of codes for precious metals e.g. Old gold. In the case of gold and supra national currencies the code begins a great X as well as it followed that's not a problem chemical indication.

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This scenario would eradicate monopoly nature of currency as it stands however. However, it would not address dynamics of fiat money as a. It would not deal with issue of value, you will understand it is.

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The opposite was situation in Germany where the currency didn't have backing simply no real value. It was a fiat currency like every currency in this modern time. The government could not make the installments on its debts, in order that it just printed more dinero. The result was an inflation that got out of control. The German Reich-mark was nothing more than play money - Just paper with ink about it. The government continually printed more dollars spent. The public, the savers had become the big losers as the cost of the currency decreased. Its value becoming less and less as increasing amounts was released. The depression that followed was a direct outcome of the inflation of quantity of money supply.

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