Gold And Silver Coins Increasing Demands

If you are smart then you know that hard possessions are the only place for your money right now. Gold and silver coins are the ultimate hard assets during periods of inflation, economic turmoil, and currency crises. This is because gold and silver have maintained their function as money for over 6,000 years. People relocate their wealth from paper assets like stocks, bonds, and dollars into hard assets like gold and silver during economic periods like we are seeing. People have transferred their money to solid assets all throughout history, but why is it so important today? As it stands today, all of the world's money is fiat which simply means paper currency with no backing.
The difference between trading your dollars for gold then and now is that now you cannot trade your dollar bills in the bank for gold coins like you could back then. Our monetary system used to work well on system where you could basically trade your dollars for gold in the bank. After all, paper dollars were made simply as a receipt of deposit of your gold in the bank. As a stipulation, gold and silver rose as the monetary unit of exchange for most civilizations.
If the barrel maker did not want a hat as fee for making a customer a barrel, a unit of exchange had to come about. Gold and silver came to play that task due to the rare value, intrinsic value, and durability. Once people had gold in their hands, it became a safety issue to keep large amounts of it on hand. There have been many runs on the bank throughout the world including during the great depression that is why there are coins of gold and silver that can elevate the economic condition and decrease the debt of the society.

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