Richard Russell, one of the world's most knowledgeable and respected financial advisors recently stated that fiat money is “the greatest fraud ever perpetuated on the American public.” More »
Throughout recorded history, especially in turbulent times, individuals and investors have searched for an investment that will protect them and their families, and act as... More »
The following essay, Gold and Economic Freedom” was written by Alan Greenspan, who argues strongly here in favor of a gold standard and against the concept of a central bank. More »
Texas Congressman Ron Paul delivered the following address to the United States Congress. Paul has run for President of the United States twice—in 1988 as nominee of the... More »
Excerpts-Wall Street Journal Bestselling Book: “Protect Yourself and Profit in the Next Global Financial Meltdown” More »
Monex, America's trusted name in precious metals for over 40 years, provides this site for the purpose of educating visitors to what authors and economists recognize as the rising level of fraud perpetuated on the American people: Fiat Money
Fiat money is paper currency backed by nothing, created on a printing press out of thin air, decreed to be of value by the government. Through a wide variety of historical quotes, foundational essays, and critical observations by economists and statesmen – this site speaks openly to the inherent danger and serious risk in putting all of one’s faith and wealth in a fiat currency such as the U.S. dollar, Euro, British Pound or Rouble. Since the creation of the Federal Reserve in 1913, the dollar has become an endangered currency – having lost more than 95% of its value.
Particularly in this time of unprecedented national debt and deficits – and a U.S. dollar in crisis – Monex recommends that individuals strongly consider protecting their wealth against out-of-control paper money creation, devaluation and inflation by diversifying their portfolio to include precious metals – including the real, tangible money that has been a true storehouse of wealth for more than 5,000 years: Gold.
Finally, Monex, as a trusted leader and respected “elder” in precious metals, feels the responsibility to alert visitors to the growing potential for fraud with respect to precious metals transactions. To help protect investors, this site contains details on Monex’s “industry-best practices” on buying and selling precious metals as well as important questions every investor should ask before choosing a precious metals company.