Why Gold System Comes Back

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Coinmonks

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Photo by Michael Dziedzic on Unsplash

The modern financial system hates the gold system, which makes gold a fiat currency. Because they claimed the gold system created too many unnecessary financial crises. But the real problem is the corrupted system was designed to abandon the gold standard.

The Newton’s System

Many people may not be familiar with the 17th-century of living style at all. Back in the 17th century, ideology collided between theology and science.

Theology told the earth is the center of the universe, but science told the other way.

In 1717, Britain moved from the silver standard to the gold standard with the help of Newton’s new minting method of precisely coin-making technology.

Silver Standard

Silver is more abundant than gold. Therefore, silver is a perfect candidate for fiat currency in the ancient world because it is lighter weight to carry and much more available globally. But similar to gold, there is a limitation in the supply. Because of the supply restriction, the government wants more control of…

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