Preserving Your Hard Earned Wealth

Fiat money (currency that can not be exchamged for coins made of a precious metal) constantly loses value. One of the lessons that history teaches us is that governments will use this loss in value of their currency to rob people of their wealth. Ultimately, the currency and frequently the government that issues it collapses, leaving entire populations destitute.

To keep their wealth, people have used various mechanisms to avoid the consequences of the collapse of their currency. Gold, silver, diamonds, art, collectables, and other real goods have been used as a store of value. The more universal the agreed value of a good is a large factor in agreeing on an exchange value. While this allows for a store of value, every transaction must be negotiated individually.

Several strategies have been devised to solve the problem of providing a widely accepted exchange mechanism to conduct financial transactions. Currently crypto currencies are one such strategy, but they are dependent on electronic infrastructure to conduct transactions. Other entities have used precious metal coins, but these have the issue of known purity and value, therefore they are problematic in use because of various tax implications.

There is a need for a store of value and means of payment using known standards. This is the solution provided by the Freedonia Transaction Co.