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When many people hear those of us inform our friends, family, and associates about the importance of gold, they say, “we don’t believe in the doom and gloom mindset” or “the strength of the dollar isn’t going anywhere”. The fact of the matter is, many of us are trained to believe that value is in the paper, and not the resource that backs that paper. So it’s not about doom and gloom, but educating and sharing knowledge concerning how to protect your finances and how to always be prepared to withstand any economic crisis.
Understand this; a paper dollar is only a note, which is a promise to pay or a loan. That’s right, it must be backed by a true currency to hold any value. Since the dollar is not backed by the gold standard anymore, it is naturally declining in value each time more bills are printed. How many of you are old enough to remember the bills that had the red code printed on them? You don’t see them anymore. Reason being is those were bills that were most likely backed by gold at one time so they have been taken out of circulation and you now see bills with the green codes. It’s about understanding the economy and how to position yourself to elevate within it.
The link below has some great frequently asked questions concerning the dollar and it’s decline. This should help with understanding where the dollar is, and show the importance of protecting your earnings.