Gold and Silver

Gold and Fiat Currency: Forty Years Later

“In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.” — Aristotle Today, Monday, August 15, 2011, marks the 40th anniversary of the US default on the dollar’s convertibility into gold. It was the world’s de facto reserve currency and thus began an experiment with .. read more

On October 19th, 2011, posted in: Gold and Silver by