Financial Freedom vs. Debt-Based Bondage—Precious Metals Offer Economic Autonomy Over Fiat Currencies

Equating gold with financial independence has been a tenet of sound money advocates for more than two centuries.

“Gold is freedom” is the common refrain.

If gold is an instrument of economic autonomy and fiscal liberation, debt-based fiat currency is a tool of financial servitude and enslavement, since nearly every U.S. dollar is loaned and borrowed into existence, creating ever-larger financial liabilities and obligations for debtors and government taxpayers to repay.