Foundation

Backround and motivation

After a lifetime of pondering, I noticed that prices tend to go up instead of down, and I thought to myself "Shouldn't prices go down instead, since companies can get more efficient at doing the same things?" Imagine the efficiency of how instant noodles are made in 2025, the manufacturing process must be perfected to a tea for cost, safety, efficiency and reliability, however over the years, we see prices slowly increasing by 3% every year. The issue is inflation. Everyone has heard the saying "a little inflation is a good thing" but who is it good for? Surely it's not good for the middle class family, that slowly has their purchasing power degraded. Surely it's not good for the lower class single parent living paycheck to paycheck since she'd have less purchasing power for groceries and rent. The answer is that it's good for banks, bankers and most wealthy, the people that can truly make investments that eliminate discussion of inflation.

Before 1971 in the US, the US Dollar was backed by gold at a rate of $35 per ounce, that meant that since the start of the Bretton Woods system in 1944. you could bring your paper dollars to a financial institution and get real gold. Since the US dollar was directly tied to the US reserves of gold, the supply of dollars remained steady, predictable and didn't have inflation. This meant that prices didn't increase over time, and the only price changes were due to supply and demand. As the citizens of the US trusted the dollar, the US was looking for ways to finance it's war against Vietnam. President Richard Nixon, the 37th US president directed the secretary to "temporarily" pause the convertibility from the Dollar to gold, or other reserve assets. 54 years later, we still live on a monetary system that has lost it's value by over 99%, with a current value of roughly $4,195.00 per ounce of gold.

Once I learned about this system I couldn't believe it. I was so angry that this whole time, it wasn't our local grocery store increasing prices to make more money, they, and all businesses raise prices in response to rising costs. I knew I needed to solve it, and spread the word. But I looked closer, and realized it had been solved, it had been solved years ago, by gold backed stable coins. I looked into the 2 most popular: PAXG and XAUT, I landed on PAXG since it has a better reputation and more regulatory oversight. I needed to spread the word, and increase adoption. I decided to start the Gold Leaf project, a project that mints small gold backed paper dollars to increase the availability to gold for friends and family, ultimately reliving the Bretton Wood days.