Parts one and two of this article blog looked at what gold bullion, gold bars and gold coins are by definition, and the differences between them. This part of the article will discuss fiat currencies, gold bullion, old gold coins and rare gold coins, and how to invest in gold coins and gold bullion.

Fiat Currency Vs. Gold Coins And Gold Bullion Products
A fiat currency is a currency (therefore an entire monetary system) that is backed by no tangible form of wealth. There have been hundreds of fiat currency based economies throughout history, and they all have one thing in common; they failed. Eventually, the government that backs the fiat currency with their promises, loses the faith and trust of it’s citizens. Usually the government tries to regain that trust through force, and this also always eventually fails. In the end, the citizenry, or a foreign government, forces revolution, and once the revolution is complete the fiat currency becomes worthless. This is where gold coins, old gold coins, rare gold coins, and gold bullion shine historically. Gold always maintains it’s purchasing power. Gold has never been worthless or become worthless in any modern economy, ever. Gold does not require any government or bank to redeem it or guarantee it’s value because gold is value. Gold represents rarity (there is only so much gold on Earth) and labor (gold takes work to mine and refine). The rarity of gold combined with the intense labor required to mine and refine it represents a true store of value, which is what is necessary if you intend to save the work and/or profits that you generate on a day to day basis. Part four of this article-blog will discuss this subject in more detail.

The Fiat Currency Of The United States
Today in the United States we use Federal Reserve Notes. They are issued by the Federal Reserve, which is a “Central Bank”. They are also known as the “lender of last resort” but that is another subject, albeit an important one, all together. The Federal Reserve is also a privately owned bank, and it exists to make a profit. Take a moment and process this idea. The Federal Reserve is not owned by the U.S. Citizens. In fact, the system actually functions the other way around; the Federal Reserve owns the U.S. Citizens. The national debt is owed to a privately owned for -profit bank, and these expenses and interest get charged to the citizenry through taxation. Andrew Jackson fought against and dissolved the second central bank set up in the United States because he understood that this arrangement robbed the people and the country of it’s wealth and placed it into the hands of the bankers. Remember when I said that Executive Order 6102 required the people of the United States to turn in their gold for Federal Reserve Notes? Andrew Jackson was right. This article-blog will continue your education into gold coins, old gold coins, rare gold coins, gold bullion, and how to invest in gold coins.