History of Money

Welcome to Paper Money Shield where we will keep you informed of the ongoing battle against government currencies by the seedy zealots of the underground precious metals movement. This site will look to expose the truth above these unscrupulous individuals and armies being assembled to attack the good name of Government backed Paper Money/Currencies.

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Government backed currencies have been trusted and used in circulation for many thousands of years. There have been very few examples where Government backed money has not been accepted by the vast majority of a nations inhabitants.

At times Government money has been represented by tokens formed in gold and/or silver. These were used as mere representations of the Government's worth backed by the people's faith in their leaders. As time went on Governments have turned to Paper Money (including Polymer) for the many benefits that it offers, such as lower production cost (reducing Government expenditure on circulating monetary units), reduced ability for counterfeiters to produce fake money (gold & silver coins much easier than to copy than a Paper or Polymer note with inbuilt security features) & other benefits which I will cover at a later time.

You will note that almost all historic use of money has been Government provided. Read more at Wikipedia: History of Money.

Money which isn't backed by the trust in Government & Central Banks is intrinsically worthless. Often we see precious metals advocates talk about the intrinsic value of gold and silver. What they don't tell you is that gold and silver often trade much higher than even the cost to mine. Why does silver trade north of $30 an ounce when it only costs in many cases $5-$10 to mine? It is simply a ponzi scheme of great magnitude where those buying expect to sell for a higher price in the future. At least paper money offers the protection and value provided by Government (who are often elected by the people to work in the best interests of the people).

Yours in fiat money solidarity

- Paper Money Shield