Fiat currencies — those unmoored from tangible assets like gold or silver — are the financial equivalent of castles built on sand. History repeatedly tells us that no purely fiat currency has ever stood the test of time for more than a century. Every fiat currency that has relied solely on the decree of its government has eventually succumbed to collapse.
Fiat currencies rely on trust. Unlike gold or silver, which have intrinsic value due to their scarcity and utility, fiat money is valuable because governments say it is. The problem? Trust is a fragile thing. Economic mismanagement, inflation, and political instability have consistently eroded the faith people place in these currencies.
