For exchange purposes, mints produce standardized gold bullion coins, bars and other units of fixed weight and purity. After World War II, gold was replaced by a system of nominally convertible currencies related by fixed exchange rates following the Bretton Woods system.
Gold standards and the direct convertibility of currencies to gold have been abandoned by world governments, led in 1971 by the United States' refusal to redeem its dollars in gold.
'Fiat' currency now fills most monetary roles. Have you thought about holding some small amounts of gold as security during these uncertain times?
Here are top reasons to buy gold:
1. Gold offers protection against inflation and currency reform
2. Gold bars are global cash
3. Gold is in crisis times, a stable investment
4. Gold is and will remain unimpaired, as the limited resources are not reproducible
5. Global demand for gold is higher than supply
6. The purchase and sale of investment gold is exempt from VAT
Thus, gold may be part of the security you are seeking for you and your family, as capital protection.
There's a great overview on a novel way to hold gold securely at home. Check out this short video presentation. Click here
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