Yesterday we talked about the weekend’s big news – the BRICS bloc may establish a gold-backed currency.
Remember, BRICS refers to the economic alliance between Brazil, Russia, India, China, South Africa, and other nations outside of the West’s power structure. Their hope is that a gold-backed currency would instill trust in the new trade network they are building.
A major development like this is inevitable. To understand why, we must understand monetary history.
You see, money is not the static functionary that it’s presented to us as. Instead, money is constantly in flux. In fact, we’ve used four different international monetary systems just since 1900.
So to see where we’re likely going next, we have to know where we’ve been.
And with that introduction, I’m going to turn it over to my AI assistant to walk us through a brief monetary history.
Here’s Sir Arthur (just click to play):
And remember, for more on how to build gold into a customized investment portfolio, just go here: Finance for Freedom
-Joe Withrow