The kip is the official currency of Laos, and historically, silver coins were minted and circulated in the country. However, the term “Kip” generally refers to the modern currency of Laos, which is predominantly paper banknotes and coins made of base metals.Before Laos adopted the kip as its of ... |
Gold is often considered a hedge against inflation because it maintains its intrinsic value over time. Here’s how gold can serve as protection from the inflation of paper money:Intrinsic Value: Gold has inherent value due to its scarcity, durability, and desirability. Unlike paper money, which ... |