The Shocking Reality of Gold vs. Fiat Currency During Economic Turmoil
In times of turmoil and uncertainty, the value of traditional currencies like those of the US dollar British pounds or Euro can fluctuate dramatically. This is where gold comes in. Gold is widely regarded as an extremely secure and safe investment option that has a long-standing history of value retention. With the current economic turmoil because of the COVID-19 epidemic Many are questioning the stability of their currencies and considering gold as an alternative. In this blog, we will delve into the age-old debate of gold versus fiat currency and analyze how each one holds in times of crisis. Click Here For Free Gold IRA Rollover Guide 👉 http://401kRollovertoGold.org A Brief History of Gold as Currency The gold coin has played an integral part in the monetary system throughout history, and its usage as a currency goes back thousands of years. Despite its popularity, using gold as currency has drawbacks and advantages, such as its scarcity and durability versus its difficulty to divi