Destruction of fiat money: the rise of gold

Early destruction of paper money system is actually preceded by a decision taken by the president of the United States (U.S.) on August 15, 1971, where a surprising decision that printing money of U.S. $ is no longer based on the provisioning of gold weighing 1 Ozt (troy ounces) to U.S. $ 35. We can say that in the past, people freely exchange U.S. $ to gold with a fixed price range (the range of U.S. $ 35/OZt - U.S. $ 40/OZt), but now the price is no longer fixed, but following the laws of market: supply and demand. Nixon's decision was allegedly caused by the defeat of USA in the Vietnam war, which resulted in the USA bear much debt resulting economic difficulties. These problems were compounded by U.S. dollar exchange by countries that have foreign reserves in U.S. $ to gold according to the Bretton Woods agreement in 1965 because these countries know the condition of the gold that backed by the U.S.

Finally, the U.S. is no longer able to maintain coverage for paper money with gold reserves at the time, so the U.S. dollar is no longer secured by gold. To finance the spending of government and U.S. military, the Fed - as a “printing machine” – finally “print” U.S. dollars exceeds the ability of gold reserves. Finally, the countries holding U.S. dollar could no longer exchange them for gold because the U.S. has only 22% of gold reserves from which they should have corresponding dollar they “print”. France, which owns a lot of gold reserves, at the end convert U.S. $ into the form of gold in 1965 (and ultimately the gold reserves are depleted marked with the "Nixon Shock" above). At that time, the French exchange as much as U.S. $ 150 million in gold, followed by Spain of U.S. $ 60 million resulting in depleted U.S. gold reserves. This event is in many articles are often referred to as the "Nixon Shock" (Nixon shock). Release of the relationship between U.S. $ to gold is then recast in total world financial order and inflate the price of gold to date. As taken from Wikipedia, in the period 1970 to 2010, the rise in gold has reached 3,792%. Thus, after the "Nixon Shock", the fiat money of U.S. $ is just a blank check. It should be known by the entire world community that is not taught in schools about the complete history of this money. Robert T Kiyosaki in the cover of a book titled Unfair Advantage: The Power of Financial Education (Plata Publishing, Scottsdale, AZ, 2011) wrote the phrase "What Schools Will Never Teach You About Money" with the bold words NEVER. These conditions lead to inflation because the “paper money” which we hold is only a paper with printers and design are set by each country to manage local transactions. For countries that have ties with the USA, as well as international sales also use the U.S. $.
Under these conditions, we can understand why the IMF set members (the central banks of various countries) and must abide by the "Articles Of Agreement of the IMF". The contents of the article on the substance is that the IMF says that money should not be gold (gold as a reference exchange rate / exchange rate is prohibited by the IMF and forth in article IV section 2).
Therefore, we should use more "trully money". If we refer to the opinion of Imam Ghazali's that the fair money is gold and silver. It is also in accordance with the hadith narrated by Abu Bakr ibn Abi Maryam that he heard the Prophet Muhammad pbuh said, "The time will come to mankind, when nothing is valued except Dinar and Dirham". (Musnad Imam Ahmad bin Hambal).
Dinar is the Islamic Gold Dinar, Dinar Islamic or so-called Islamic Gold Dinar (IGD). It is made of 22 carat gold weighing 4.25 grams. Design or writings on the dinar could be different. Let us prepare ourselves before the time of the destruction of paper money comes. Should we switch from paper money savings into gold savings while we can still work and before our retirement comes.

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