Comments on: Is the Euro or Swiss Franc backed by gold or silver? I could not find what currency was backed by gold,silver? http://www.myylt.com/2008/12/29/is-the-euro-or-swiss-franc-backed-by-gold-or-silver-i-could-not-find-what-currency-was-backed-by-goldsilver/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 05:34:56 +0000 http://wordpress.org/?v=2.3.3 By: K S http://www.myylt.com/2008/12/29/is-the-euro-or-swiss-franc-backed-by-gold-or-silver-i-could-not-find-what-currency-was-backed-by-goldsilver/#comment-10664 K S Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/12/29/is-the-euro-or-swiss-franc-backed-by-gold-or-silver-i-could-not-find-what-currency-was-backed-by-goldsilver/#comment-10664 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. 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.

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