Why wait for governments when the Free Market can fix the currency crisis itself? Dan Girolmo, a Karatbars Gold Director Elite joins Gary Franchi to roll out the worlds first private issue international Gold Currency.
Fiat money is, of course, “fake” money. It is printed on paper, and secured by no real collateral. Commodity money is the opposite. It is still printed on paper, but is usually secured by collateral of some kind (usually gold ie: the gold standard).
Most fiat money is actually secured by the issuing government’s ability to keep its currency stable. This is how America operates it’s currency. It keeps its value based solely on the American government’s ability to not screw it up. It allows for much easier manipulation of the currency, but can be risky during economic turmoil (like right now). [Commodity Money vs. Fiat Money]
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