World-wide monetary systems have been built upon the model of the United States dollar. While currently the dollar is still the world’s reserve currency its status as such, could be held into question over the Basel III talks with America. It is widely expected that the US will lead the way in further developments towards gold’s rise to Tier I status.

Within developed countries of the world, the unified consensus is that gold has yet to show any real signs of true-value towards the 41 year old paper currency fiat money system. The system now is starting to break down. Over the past 5 years serious strain and stress has occurred within the current dollar fiat system. Intensifying signs show problematic developments, now and into the future. These developments could be a sign where the current fiat based system is too flawed. This makes a good argument where gold held in reserves would be necessary to increase liquidity, thus granting easier access to loans of nations in need.

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Real money also referred to as “sound money” is made up of hard assets such as gold and silver. This form of sound money starts in the ground where it is first dug up. Then it goes through processing and refinement and finally it becomes money once the refined gold or silver has been minted into coins by a government treasury. However in this day and age it is not sound money that circulates globally within each country it is another form of money known as “fiat currency”. All fiat currencies are the same but how…

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