History

"THOSE WHO DON'T KNOW HISTORY ARE DOOMED TO REPEAT IT”.

- Edmund Burke

FIAT CURRENCY

Fiat currency is defined as “Country-issued money, which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard."

In other words fiat money is backed by nothing more than a promise.

The world has printed more money and is more in debt than anytime in history. It’s only a matter of time until the debt-based system we currently use goes bankrupt.

The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.

- Hans F. Sennholz

Fiat currency is the standard currency issued by the USA and most countries in the world.

Even in economies where fiat hasn’t failed yet, by definition and design, it loses value as new currency is added to the system.

This is known as inflation. Since 1913, the USA has experienced 2,332.9% inflation.

Real property like gold and silver, on the other hand, maintains it’s purchasing power. And therefore, you preserve your wealth.

For example, in 1913, an ounce of gold was worth approximately $20.64. With that ounce of gold, you could buy a nice suit.

Today, you could still buy a high-end suit with that ounce of gold. But the $20.64 in cash doesn’t even cover the belt, a loss in value of 98.5%.

This loss in purchasing power and eventual collapse has happened to every fiat currency in history. And it will happen again.

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

- Peter Schiff

At Panther Strategies, we see real property like gold, silver, strategic metals, digital assets, and the forgotten store of value – diamonds, as insurance and a hedge against uncontrolled money printing, skyrocketing debt, poor monetary policy, and economic volatility worldwide.