North Carolina is known for many wonderful things — being “First in Flight,” Carolina BBQ, Biltmore Estate (the largest private residence in the US), being the home of NASCAR, and much more.
But did you know North Carolina has a strong history of gold and sound money?
Here are three fun facts about North Carolina and our history of gold and sound money so you can know a bit more on the subject.
Average investors may find their first purchase of physical gold and silver a little intimidating.
To be sure, bad actors have sold metals with lower purity or less precious metal content than claimed. Sometimes it requires special equipment or knowledge to detect such fraud. And there are other ways for novice investors to be scammed.
Here we reveal the five biggest traps to avoid. Heeding these warnings will save you time, money, and stress for you and your loved ones.
There is an untold story in American monetary history. Some are reluctant even to discuss it.
I’m referring to the U.S. Secret Service’s very own role in the destruction of sound money in America.
As constitutional, sound money in the form of physical gold and silver coins – whether minted privately or not – became an annoying impediment to expanding the size and power of the federal government, central planners began circulating unbacked paper proxies and formed a Gestapo-like police agency to enforce the scheme.
Founded in 1865, toward the tail end of the American Civil War, the Secret Service originated as a branch of the U.S. Treasury Department.
The primary job of this federal police force was to prevent others from counterfeiting the U.S. currency, which had just been nationalized through acts of Congress via the National Currency Act of 1863 and the Coinage Act of 1864.
Together, these acts formed what are commonly known as the National Banking Acts of 1863 and 1864.
Even 100 years ago, a lump payment in coins would have been perfectly acceptable even though it would have been tedious to count all of them. Since 1923, nearly 1700% in inflation has flowed from our fiat monetary system, and this has caused a shocking devaluation in all U.S. currency denominations and forms of payment.
As of 2023, it takes more than $420,000 to provide the same purchasing power as $23,500 carried in 1923.
Before starting to invest in precious metals, a person will likely have encountered a plethora of ads. Unfortunately, many of the
As the world continues to be rocked by inflation and financial instability, four precious metals “megatrends” have emerged largely undetected
