Posts Tagged ‘gold standard’

Gold or Silver Standard?

Once upon a time in America, paper money was actually used as a certificate that guaranteed the existence of some sort of commodity somewhere – a commodity like gold or silver. This is the basis of the “gold” or “silver” standard of currency, in which paper money is simply something that can be converted into […]

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Why Survivalists Hoard Gold Coins

We all have a story about the paranoid conspiracy theorist down the street – the “survivalist” who insists on hoarding supplies into his bomb shelter, bringing in dehydrated food and emergency power generators in case of a disaster. In these cases, it’s common to look around at the relatively peaceful world in the immediate proximity […]

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