Welcome to my very first blog and posting, I have built this blog out of an urgency for what the world is going through. If you haven't noticed we are living in a recession, unemployment is growing, companies are failing, sovereign debt crisis' are everywhere. There's a reason behind all of this and that's a lack of accountability. When there's a lack of accountability there's exposure somewhere ahead, we've seen it in various industries with the demise of corporations and we are seeing it with the monetary system. Since the Gold Standard was taken away from the monetary system, the only thing backing it is the paper it's written on. The currency has gone from a finite backed hard asset to an infinite backed commodity, so long as there are tree's then there will be money for this system. The Gold Standards' demise occurred in 1971 under President Nixon, when at the time the US incurred out of control debts including those associated with the Vietnam war. The only way to pay their debts to the Foreign lenders was with gold reserves, for the preservation of these reserves the new standard was introduced without the consultation of the members of the international monetary system. This lack of accountability went down in history and was recorded as 'The Nixon Shock' where after the lenders received some payment in gold but mostly in the new (fiat) Greenback. The Greenback has since suffered inflation and deflation but has yet to experience hyper inflation. Hyper inflation is the death rattle of any currency, when it happens, you'd better hope your debt's are paid and you have insurance. Hyper inflation is caused from a supply of money to pay for indebtedness of nations, a modern and recently used terminology to disguise paying of debt is quantitative easing (QE). In essence to explain it simply, the value of currency is no different to the value of anything, the more you produce, the less it's worth. The Federal Reserve is in overdrive printing money to take care of USA's out of control deficit, this in turn is likely to produce an inflation ridden environment and probable currency failure. To protect yourself against any currency crisis, you need to get out of debt and as insurance you need gold or silver. There are various ways to invest, however the best way is to purchase physical metal, tell no-one and store it yourself. Another way is to buy into gold and silver stock indices, these are shares that are made up of shares in the top gold and silver mining companies, this way any due diligence is done for you and you reap the price increases as gold soars and any dividends. Other ways are shares in individual gold and silver mining companies (be careful, do your due diligence) ETF's (use only gold or silver backed funds) and numismatic coins.