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Updated 09:20 16/05/21

New world currency backed by gold or silver

By Duncan Richardson, News Editor

22 May 2015

History has proven all fiat currencies fail and on average last between 40-50 years. With the U.S. dollar in its 44th year is the greenback on the borrowed time? Only gold and silver have stood the test of time.

It’s been a difficult 4 years for silver and gold investors as prices have declined whilst stock markets have soared. Many in the industry argue gold and silver prices are being held artificially low as Central Banks try to keep the show on the road.

If a currency and asset price collapse is on the horizon today’s metal prices could represent a bargain of a lifetime. Many commentators believe something big could happen within the next two years and point to JP Morgan’s silver hoard as a sign the big money is positioning themselves for a worldwide economic crash.

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