paper currencies

Investors continued to pile into gold as a safe haven from the tumult in paper currencies.

Backing paper currencies with gold at a fixed rate, as its countries had done before the war, seemed to offer Europe a return to prosperity.

As the dollar has fallen, investors lately have flocked to the metal, which has traditionally served as an alternative to paper currencies.

Gold, and to a lesser extent silver, tend to serve as an alternative to paper currencies.

Gold's champions see it as a hedge against inflation and the devaluation of paper currencies.

Precious metals often serve as an alternative to paper currencies.

In the eyes of many commentators this lack of confidence in paper currencies makes sense only if high inflation is on the way.

Unlike paper currencies, gold retains its value when prices increase.

Gold is a gigantic bet against paper currencies, especially the dollar and the euro.

A bet on gold is essentially a bet against all paper currencies.

The robber hid the paper currencies in a big bag and the gold currencies in a jar.

What else could people buy as they get more and more afraid of paper currencies losing acceptance?

And, while some paper currencies were frauds and other banks failed, the Exchange Bank soldiered on.