Have a Lifestyle You Can Be Proud Of

Throughout all time a battle has been raging, a battle that has been misunderstood by most people even though it is happening right at their fingertips. The effects this battle has affect many aspects of our daily lives. Who hasn't noticed that the price of a tank of gas or the average cost of the weekly groceries has slowly crept up over time?

This battle has been happening throughout history. It is the battle between money and currency. The struggle is usually fought between gold or silver and currences - paper bills which sometimes represent the value of gold and silver. You've already betting on the winner in the battle. We accept the paper currency we carry in our wallets without a second thought. Authorities have always favored paper currencies, but with each failure of these currencies, precious metals, gold coin and silver pieces have reasserted their true value.

Many commodities have been used as currency over history, things such as livestock, spices, grains, beads, shells, and of course paper. But gold and silver are the only two things that have stood the test of time to be considered true money.

Let's take a closer look. People think cash is money, but it's not. Cash is a currency, a medium of exchange we use to purchase things that have real value. A currency is not a store of value in and of itself. It is a medium that allows you to transfer value from one thing to another.

Real money has something special, it has value within itself. Whereas money is always a currency asd can be used to purchase other things of value. A currency cannot usually be considered money because it does not offer value in and of itself. Just think about that $20.00 bill you have. Do you think the paper is worth 20 dollars?

The actual value of the paper bill may only be about 6 cents but it represents a value that is stored some place else. At least it used to. It used to be backed by gold.

Sadly, today our paper currency is backed by nothing, just the hot air promises of our politicians. Actually it is backed by the citizens and the taxes they pay to cover the interest on government bonds that are used to borrow the currency into existence and that invisible tax called inflation.

Almost every currency in the world today is a "fiat" currency. A fiat is an arbitrary decree, order or proclamation that is made by any person, group or body that has an authority to enforce it. Our currencies today have value because of a declaration fiat or authoritative order of the government that created the fiat currency.

Do you want to know how to tell the score in this battle between currency and money? Probably 99% of the people on the planet have no clue about it and have no desire to learn. And that makes you kind of special. Because we are on the verge of one of those periods in time where gold and silver will revalue themselves. In fact it is already beginning. Inflation will be kicking into high gear, caused by the massive amounts of currency being created out of thin air. Hold on, because gold and silver should soar in value. The winners in this game will be those who took action and invested in precious metals. And as usually happens in these times, the middle class will see their wealth almost totally disappear.

Wealth is a decision. Decide to get a financial education. Be decidedly wealthy.


------

And for more information for your financial education to get my free video series "Action Step for Leadership Success" go to my blog at http://www.decidedlywealthy.com Lee Coates is an internet entrepreneur, trainer and coach who has teamed up with Wealth Masters International to provide his followers with home study and wealth seminars. You can find us at http://ThinkFinancialFreedom.com/?site=CAYM&t=article102