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No one knows for sure how long the Fiat currency will last. The average life expectancy for a fiat currency is 27 years. The shortest time was one month and the longest is the British pound Sterling at 317 years. Every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the convertibility of dollars into gold.

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