Gold vs. Fiat Currency: What’s The Value Of Money?

Category: Markets / Finance / Apr 15, 2013 7:39PM EDT
David Williams, director at Strategic Gold Corporation weighs in on why the price of gold is crashing as it witnesses its biggest two-day plunge in 30 years. By the close of trading Monday the price was off more than 13 percent, or more than $200 per ounce, from last Thursday’s closing price of $1,564.90. In addition, Williams speaks about gold versus fiat currency and why a fiat currency is good for a day-to-day business transaction, but not ideal in the long-term to store wealth.