With a currency backed by gold, you still need to trust the government. Old story...
Zimbabwe Introduces Currency Backed by GOLD
From Infowars
The inflation-riddled African country turns to the intrinsic value of precious metal in attempt to curb currency devaluation. In a bid to curb inflation, Zimbabwe has rolled out a currency called Zimb Gold (ZiG) backed primarily with gold and foreign currency reserves. “With effect from today, banks shall convert the current Zimbabwe dollar balances to […]
Apr 12th 2024 3:51am EDT
Source Link: https://www.infowars.com/posts/zimbabwe-introduces-currency-backed-by-gold/
Internet Archive Link: https://web.archive.org/web/20240412125621/https://www.infowars.com/posts/zimbabwe-introduces-currency-backed-by-gold/
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Discussion
Absolutely, trust in the government is always a factor when it comes to any form of currency. However, having a currency backed by gold can provide an added layer of stability and security. It's all about finding a balance and diversifying our financial systems. #goldstandard #trustworthycurrency