Imagine: A new currency backed by, and redeemable for gold and silver.

 TIME FOR GOOD MONEY TO DRIVE OUT BAD

AT PRESENT ALL KNOWN MONEY IS BAD

When a new currency, not if, appears on the world stage, it will in a short time drive all the present debased and devalued currency out of favor. It is simple to answer, if you had a choice of a using a means of exchange that was backed by gold and silver and of course could be exchanged for the actual metal would you put your savings, and investments based on this new currency or that of the mirad currencies without any intrinsic value? 

At present, we see the end stage of the transition from real money, gold and silver, into worthless paper or ledger entries. This process has been going on for near 100 years and now we see the results, massive debts by all governments that have embraced fiat currency without any sound backing, something that would be impossible with real money. Inflated prices that always go up, continually diminishing savings and investment values. A continuous jockeying by governments in debasing their currencies to enjoy trade advantages rather than deal in honest competition and the honest creation of real wealth. 

I could go on in a long history of money and the debasement of money by governments but I would rather focus on how such a return to real money can and will likely happen. 

It appears that the world is moving into a period of currency and debt crisis that is likely to be historic due to the reality that the corruption and irresponsibility of governments has reached a point where they can no longer paper over or manage these excesses. It also appears that rather than face this reality, they plan to replace present currency with a Central bank digital currency, that will allow them to continue to perpetuate this ponzi scheme of fake money. This will also give governments complete control over every transaction and over all economic transactions.

It also appears that a new currency is in the works, some of the major countries have been amassing large reserves of gold and silver. It appears that a combination plans to issue a currency backed by metal, initially maybe for international trade, but I suspect it will be sought after by anyone who has assets and understands the value of real money. Such a currency would in short order drive out bad money.

I suspect we may see such a currency in this coming year, particularly for the trade in energy, oil, gas, uranium and other commodities. This new money will become available to any country, business or individual that has such resources to sell and then will give them them the ability to purchase goods and services in this new currency, or exchange it for gold or silver.

Initially this new currency will only be available from those nations willing to deposit their gold and silver in exchange for this currency. It will require very close monitoring and independent accounting, which is possible. I expect the coming choice will be, do you want to put your faith into a digital currency or real money?

When this currency becomes a reality, it will permanently change the present economic power and future for many economies.