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As cracks appear in the stability of the fiat currency system, many advocate for a return to a gold-backed economy. In contrast to fiat currencies which rely on governmental decree and lack intrinsic value, gold and silver have historically served as stable, tangible assets. The call to return to a gold standard, while often dismissed by policymakers, speaks to a longing for an economic system that fosters accountability and transparency.
In practical terms, individuals are encouraged to take their financial futures into their hands by investing in physical gold or silver as a hedge against economic upheaval. This has seen an uptick in the demand for precious metals, as people become disenchanted with the dollar’s depreciation.