The Creation of Money
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The Gold Standard
We also discuss Gold and its seemingly magical properties and ask why it was inextricably tied to the concept of money and value right up until 1971. Gold and other precious metals are used as a marker of monetary regulation and the weight and price of gold was used for years as the market value for the paper and coins people use for money. It also helped countries to trade in currencies that they had no way to trade in, before the creation of a centralised banking system. The extraction and rarity of gold made it the perfect medium, and we discover just how special it is.
Gold can be considered to be one of the most popular choices of precious metals, and many people decide to make an investment in this over the likes of stocks and bonds for example. Many decide to store this money in an IRA that can be used as their retirement savings at a later date to secure their financial safety. Places like Lear Capital can point you in the right direction of which precious metals will benefit you in how much you gain back on your investment. This money will be protected should anything happen to the economy.
We also dive into he contemporary world of cryptocurrency and examine how this faith based digital currency has the power to free the world from an oligarchical yoke of control through over produced and allegedly counterfeit dollars. The block chain technology cryptocurrencies are built on gives a disseminated control and a system of checks and balances to a currency that has no country or state involved. This is why many people enjoy buying bitcoin from websites similar to bitcoin.com.au. It could be a truly universally public form of money that cannot be corrupted. All this and more on this new episode, Money and The Gold Standard.[/vc_column_text]