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'Article: How to use gold to protect against fiat currency collapse' Gold Theories

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Article: How to use gold to protect against fiat currency collapse

- Gold Theories

Article: How to use gold to protect against fiat currency collapse

Thank author of this post/commentIf you’re wondering why your Dollars or Euros are buying less and less every day, you need to understand what fiat currencies are, how they work, and how to protect yourself against the problems they have. In the past, money used to be backed by something, usually gold or silver. If you had a dollar, you could take it somewhere and exchange it for a bit of gold or silver. Unfortunately, at some point, every nation’s leader realizes that they want to spend more than they actually have in their vaults. So they switch to a fiat currency.

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