"Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody.  Gold is always accepted." 

- Alan Greenspan - Congressional Testimony, May 20, 1999

The euro (€), the US dollar ($), and the Japanese yen (¥) comprise the three currencies used in international trade today. The relative value of these currencies is influenced by global foreign exchange markets, the supply and demand for bonds and other securities denominated in them, and demand for currency used to settle trade in goods and services between countries. Currency values are also influenced by the monetary policies of governments.

A global financial crisis that started in 2007 in the US and evolved into an economic crisis in 2008 will develop into a currency crisis over the coming years. A fourth currency, one that is not so politically vulnerable as the three primary currencies in use today, survives as a reserve asset in the central banks of every country: gold. Gold is available to act as a fall-back currency for international trade should the floating exchange rate and government bond-backed currency system fail. This site is devoted to the discussion of this possible development and how it will impact investors throughout the world.