What Gold Buyers Need To Understand About The End Of Gold-Backed Currency

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What Gold Buyers Need To Understand About The End Of Gold-Backed Currency

When looked at critically, the only thing that is backing money is the credit of the government. Therefore, increasing money supply effectively leads to lowered purchasing power of the dollar, which is comparable to what happens when companies issue extra shares of stock, hence diluting ownership of existing owners. On the other hand, gold remains consistent, while maintaining its inherent value, which makes it a reliable investment.

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