According to the Washington Blog, a study of 775 fiat currencies by, there is no historical precedence for a fiat currency that has succeeded in holding its value. 20% failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.

The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.

If you too are losing faith in fiat currency – what should you do?

For investors and entrepreneurs, to preserve your hard earned wealth with the eventual failure of fiat currencies we recommend that you start or increase your investment in precious metals, in particular Gold, which has proven itself to be the ultimate store of value over the last few thousand years. Also, consider the Gold of the digital age, Bitcoin, which will allow you store your wealth online and transfer it overseas to be a more stable environment. Investing in ‘Hard Assets’ such as agriculture, has also proven throughout history successfully to protect your wealth due to its intrinsic value. Consider owning overseas property and maintaining second residencies to provide you and your family with more options other than your current home country.

If you are interested in learning more on how to preserve your wealth in the event of a catastrophic financial and economic crisis, please browse our pages. We are here to help & if you have a direct question, feel free to reach out to our team. We respond to all legit enquiries. We might even surprise you!

Image taken from Coin Telegraph. Thanks