We all know the Fiat car which was very famous during the sixties and seventies. Later on it came to be known as Premier Padmini. Fiat has made a re-entry in India with Punto and other models.
But recently I came to know about Fiat currency. Fiat is a latin word meaning "let it be done". Fiat currency is the money that Governments print. JUST PRINT!! This leads to inflationary markets.
Some countries are contemplating going back to the gold standard. If and when it is done, the price of
gold will go up.
Let us convert paper money to Gold and Silver. The real money.
But recently I came to know about Fiat currency. Fiat is a latin word meaning "let it be done". Fiat currency is the money that Governments print. JUST PRINT!! This leads to inflationary markets.
Some countries are contemplating going back to the gold standard. If and when it is done, the price of
gold will go up.
Let us convert paper money to Gold and Silver. The real money.
No comments:
Post a Comment