Is the Euro or Swiss Franc backed by gold or silver? I could not find what currency was backed by gold,silver?
Most Commented Posts
- August 8, 2008 -- Should "In God We Trust" Remain On American Currency? (41)
- February 26, 2009 -- Xtian: What right (specifically) would be violated by removing "In God We Trust" from US currency? (41)
- January 27, 2010 -- Do conservatives invest in gold because they have no faith in American currency? (37)
- November 24, 2008 -- Is “In God We Trust” on US currency a true statement? (35)
- January 3, 2009 -- Should the motto “In God We Trust” be removed from U.S. currency? ? (34)
- March 17, 2009 -- R&S what do you feel about "One nation under God" on US currency? (34)
- April 21, 2009 -- What would be the impact on American society if "In God We Trust" were removed from the currency? (34)
- May 7, 2008 -- Who else thinks that "in god we trust" should be removed from US currency? (33)
- January 9, 2009 -- Are coins and currency the same thing? (30)
- March 8, 2010 -- If your good looks were currency, what could you buy? (30)
This entry was posted on Monday, December 29th, 2008 at 6:50 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
December 29th, 2008 at 6:50 am
No they are not. No industrial country you’ve heard of has money backed by any precious metals. If you want that, BUY IT.
You can purchase metals to hold yourself (which I personally do and recommend), on eBay, bulliondirect, APMEX, or your local coin store. Or use online accounts (which you’d never see, just have to trust it’s there) such as goldmoney.com
Also, if you’re looking to diversify your money into a foreign currency, Euros are not the best idea, they are JUST AS centralized and manipulative as US dollars.