The Monetary Logic for Gold And Silver

The comments below are an edited and abridged synopsis of an article by Alasdair Macleod

A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of America’s money supply is firmly on the path to destroying the US dollar’s purchasing power—completely.

The Monetary Logic for Gold And Silver | BullionBuzz | Nick's Top Six
Silver and gold bars and coin on a dark background.

This article looks at the theoretical and empirical evidence from previous fiat money collapses in order to impart the knowledge necessary for individuals to seek early protection from an annihilation of fiat currencies. It assesses the likely speed of the collapse of fiat money and debates the future of money in a post-fiat world, in which the likely successors are gold and silver and, some would say, cryptocurrencies.

Early action to lessen the effect of a failure of the fiat regime requires an understanding of the role of money in order to decide what will become money when fiat dies. Will we be pricing goods and services in gold or a cryptocurrency? Will gold be priced in bitcoin or bitcoin priced in gold? And if bitcoin is priced in gold, will its function as a store of value still exist?

Up for discussion: an introduction; the evolution of money and what it represents; the outcome of monetary debasement; the evolving crisis of dollar balance held by domestic users; further consequences of the dollar’s debasement; the speed of monetary collapse; and the replacement for fiat currencies.

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