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<p>[QUOTE=&quot;Onofrio Bacigalupo, post: 2408668, member: 67122&quot;]&quot;Argentum et aurum comparenda sunt&quot; in Latin means Silver and Gold must be bought. In the past we have advocated both of these precious metals as a way to hedge against inflation, insure against global financial catastrophe, and a way for individuals to practice sound money management even if their governments are turning on the printing presses to fund deficit spending. </p><p>History is a great teacher. From as far back as the Roman empire, every fiat currency that has ever existed has ended up being devalued and eventually collapsed along with the underlying economies that housed the currency. A fiat currency by definition is a currency a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves and based solely on faith. The Denarius, Rome&#039;s currency, started off as pure silver. Around the time of Rome&#039;s collapse, the Denarius contained less then .02% silver and nobody accepted it in trade. This was a early example of true debasement of a currency. The U.S. Dollar is following the same path as the Denarius, since 1920 the dollar has loss 94% of its purchasing power.[/QUOTE]</p><p><br /></p>

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