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From Gold

August 9, 2020 By Philip Barton

Sunday

All the power of fiat currencies devolve from Gold.  If Gold’s stability of value had never been transformed, via coinage and bars, into a known weight and fineness – i.e., money – then we would still be trading by barter and living in primitive farming communities alongside rivers.

Fiat is a deceit based on an ignorance of what money really is.  Fiat money, and those governments, businesses and people that trust it, are doomed.

Filed Under: Other News Tagged With: barter, business, coinage, currencies, fiat money, gold, governments, known weight and fineness, money, value

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