Happy Birthday to fiat currency. In 1971, 50 years ago, the US dollar came off the gold standard and became a pure fiat currency. What’s fiat currency? Fiat means something that is done by force of authority. A fiat currency is a means of payment that is...
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The financial system is extremely complicated but we have attempted to give you the basics in bite size chunks so you can see how and why our savings are at risk in this system. It’s time to change the way we have been taught to think about money in order to better protect our wealth, for our own future and hopefully enable us to pass some down to our children.
Nothing contained within this site should be taken as financial advice, it is for information and educational purposes only. The price of gold in terms of fiat currency fluctuates and has done for thousands of years.