there was no paper currency – only coins . they contained precious metals ( silver ) in them . when the new kings would come in , they would want to preserve the silver in their treasury and would create coins with less silver content in them.
this was noticed by people and as a result , the coins started losing value and it would take more coins to buy the same amount of goods , resulting in inflation – the value of goods going up .
today , as a result of money printing by us central bank ( fed reserve ) , ecb (european central bank ) and the central banks of other countries , the same thing is happening – paper currency / fiat currency is losing it’s value and pretty soon , the inflation will start – things will start costing more.
the real currency ( precious metals – gold , silver and platinum ) will have hyberbolic moves upwards ….
As we speak , as of July 10 2020 , gold has touched a new 10 year high of 1810 us dollars per ounce and most experts concur that this is just the beginning of the big move upwards
Don’t mix business with pleasure. One of you will go — either you or the…
overconfidence is when we overvalue our expertise or abilities. Confidence doesn’t immediately raise red flags,…