One of the best
ways that man has figured out how to use
gold is as money. Gold has been
money for thousands of years and the
reason it's lasted so long is because it
works so well. But governments often try to control our lives and one
of the things they try to do is control
money, change money and substitute
money for what we now use as fiat
currencies.
Fiat currencies are just pieces of paper that governments declare as legal tender and which have value purely based on faith and confidence in tradition. But they don't have any value based on the intrinsic properties that they possess because they don't possess any. They are simply pieces of paper, there's no difference between a hundred dollar bill and a one dollar bill other than the number of zeros that's written on the paper.
Fiat currencies are just pieces of paper that governments declare as legal tender and which have value purely based on faith and confidence in tradition. But they don't have any value based on the intrinsic properties that they possess because they don't possess any. They are simply pieces of paper, there's no difference between a hundred dollar bill and a one dollar bill other than the number of zeros that's written on the paper.
