Categories
Economy Money

What Happened in 1971

We examine what happened in 1971 and why money has value. In addition, we will also look at purchasing power, inflation and compare the value of the dollar over several decades. President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of […]

Categories
Gold & Silver Money

Gold Backed Dollar

Do you know the difference between the gold backed dollar and fiat currency? In this article we discuss and define what the gold backed dollar is, the history of money in the US and make some gold predictions. We also look at why gold may be a solid addition to your investment portfolio based on […]

Categories
Gold & Silver Money

Fiat Currency vs Gold

  Do you know the difference between fiat currency vs gold? In this article we discuss and define fiat currency vs gold, the history of money in the US and make some gold predictions. We also look at why gold may be a solid addition to your investment portfolio based on political and economic changes […]