What is Currency Worth?

Basically it is worth what someone will trade you for it. Originally many currencies were backed by physical gold, so there was a direct value that could be associated with the paper money.

Since Richard Nixon abolished the gold standard US currency in 1971, the dollar, has become what is known as “fiat money”.

Currency Without Gold Backing

We are in a period now where our currency is being devalued by government printing more and more dollars. Without the backing of an equivalent value in gold to support it, we see the steady, unrelenting reduction in the buying power of our dollars. The way to protect your wealth right now is to own physical gold and silver – not money.

Fiat Currency

Fiat currencies around the world are being left in the dust by the valuation appreciation of mankind’s monies – silver and gold. Gold and silver continue to speed forward ahead in value against all fiat currencies around the world.

1 Ounce Gold in US Dollars
January 1, 2010 = $1,097
June 30, 2010 = $1,245
% Gold Gain = 13.5%

1 Ounce Silver in US Dollars
January 1, 2010 = $16.89
June 30, 2010 = $18.63
% Gold Gain = 9.3%

The same trend is happening in dozens of other currencies as well. The answer?

It is time to switch to holding some physical gold and silver. Check out my recommended source for buying U.S. Silver Eagle Coins. I buy Silver Eagles and Gold Eagles in bulk here to get great prices.