Is there a listing somewhere that names all the countries that aren't on fiat money?
I'm not aware of any countries not using fiat money or without legal tender laws that mandate the use of fiat currency.
I've spent most of the day looking. Thought I'd try on this forums to see, if there was any country left that had silver/gold or precious metal collateralized currency.
Looks like there are no safe havens for your dollars when the world economy starts coming down.
Here's the list:
I believe Switzerland was the last country to switch over to the fiat system. That was in 2000.
That was in 2000.
Damn, that's so recently. Didn't we stop using the gold standard in the early 1970s under Nixon? Explains Switzerland's high average of private income.
Can you provide some more details on this? An article link would be awesome.
Clayton -