The Return of Silver & Gold Money

Many voices of sanity like Ron Paul, a Congressman from Texas, are calling for a return to silver and gold money. Silver and gold coinage offers stability to economies afflicted by the overprinting of unbacked paper money and base metal coins. Money minted from precious metals have been used historically by humanity for over 5000 years. Such currency has long offered incentives to save rather than spend by dramatically limiting or even eliminating price inflation, and preserving buying power over long periods of time. "Real" money also forces governments to spend within their limits, since it's impossible to just print silver or gold to pay for expensive social programs without the fiscal necessity of raising taxes.

I believe the following steps would be effective in slowly re-introducing silver and gold coinage back into the money supply of the US:

1. Begin minting a dime sized coin made from 90% silver and 10% copper. The coin must NOT have an assigned value to avoid the possibility of the raw material value of the coin exceeding it's worth as US currency. It was this circumstance that doomed our 90% silver coin program when the price of silver rose in the 1960's. Instead, this coin will have its value set on a regular schedule by the US government about 10-15% above the current price of silver. If the price of silver goes up, the posted value will likewise rise. However, if the price of silver falls the last quoted value will be preserved to maintain economic stability. The additional assigned value for the coin will avoid the market temptation to melt the coins as well as providing a profit or "seigniorage" to cover minting costs. Note: although the new silver coin will not have an assigned value indicated, the silver content in ounces should appear much as it does on the reverse of the American Silver Eagles to build consumer confidence and knowledge.
2. Introduce the new silver coin into the current money supply, and allow it to circulate along with the current paper money and base metal coins. According to Gresham's Law, the bad paper money will drive out the good silver coin. In other words, the American people will begin to save the new silver coins rather than spend them. The same process can then be repeated with gold and even platinum coins. Eventually, we'll be able to remove billions of dollars of fiat money from circulation, while keeping inflation low or non-existent and fostering a new generation of savers for the future.
   
3. The US government is gradually forced to balance the budget as the fiat money supply is slowly scrapped. The citizens of the US will eventually realize that nothing is free in life. "Free" programs like Universal Healthcare may sound great, but deferring the resulting monstrous bill for later generations to pay is not only shortsighted but unconscionable.
   

I expect that the Keynesians, Statists, Inflationists, and Big Banking interests will fight the above fiscal sanity plan tooth and nail. Banks in particular have made obscene profits by manipulating the fiat money supply and interest rates, sucking the wealth from the US worker and forcing him into a virtual slavery. Men like Benjamin Shalom Bernanke, Tim Geithner, and President Obama are unfortunately woefully mired in the failed policies and theories of the past. However, they must be forced by "any means necessary" to realize they've had their chance to experiment with our lives and our national well-being, and failed miserably. Now it's the turn of the sane citizens of the United States to return our country to it's former greatness before hyperinflation and a complete currency collapse devastates the once mighty US!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and GoldSilver.com.

Rick

Silver At Over $150 Per Ounce!

In 1900 the average wage for an unskilled worker in the US was $1 in silver per day. The Morgan Silver dollar minted during this time period contained .7735 troy ounces of silver. So a worker could expect to earn about three quarters of an ounce of silver per day with which he was expected to support himself and his family.

Using a calculator found on measuringworth.com, we find that the same unskilled worker in 2009 would need to earn $122 US per day in order to "enjoy" the same standard of living his ancestor had in 1900 with his silver dollar! Of course, our paper dollars and coinage today are made from worthless unbacked paper and base metals, unlike the Morgan Silver dollar that compensated our 1900 working man. However, a very interesting conclusion can be drawn about the comparative price and value of silver today if we look at these numbers a bit closer.

If the buying power of one 1900 silver dollar is roughly equivalent to $122 in 2009 US money, then why isn't silver selling for $122 for three quarters of an ounce of the precious metal (or around $158 per troy ounce)? The answer is that the price of silver has been manipulated and suppressed by the US Government and the banks for decades.

At the writing of this article silver is hovering around $26.75 per ounce. With the world economies in recession, and eternal wars in Iraq and Afghanistan dragging on, the case for silver finally rocketing to it's true market price exceeding $150 per ounce is looking more and more like a slam dunk.

PS. GOLD BUGS: If our worker had chosen to be paid for five days labor with a 1900 $5 Liberty Half Eagle gold coin, he'd have earned about .242 ounces of gold for his five days of labor. In 2009 he would have needed $610 US to maintain the same living standard. At $610 for almost one quarter ounce of gold means gold should be selling for almost $2500 per ounce instead of the present $1364!

PPS: Gold should double in price in the near future, based on the above wage equivalents, but silver has a lot more room on a percentage basis to grow from $26.75 to $150. Buy gold and silver now!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and GoldSilver.com.

Rick

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Gold & Silver and Hyperinflation

The definition of hyperinflation is 50% or more inflation per month! Hyperinflation has been the inevitable fate of all paper or fiat money unbacked by gold or silver since the Chinese first invented the idea a thousand years ago.

Hyperinflation robs the middle classes, the poor, and the retired on fixed incomes who don't own real assets like gold, silver, oil, food etc. In the picture on the left you see a German woman in 1923 using near worthless German banknotes as fuel for her cooking fire!

The only Germans who avoided starvation and impoverishment were those with the foresight to purchase and hold real money like gold and silver coins. Review the chart below and see how the prices of gold and silver climbed as the German paper mark lost value:

Weimar Germany hyperinflation prices of gold and silver in Marks from 1919 - 1923 by month. Charts are also presented to visually depict the speed and magnitude of the change. Remember these are months not years. Consider the human story behind the numbers. How did people survive?

Weimar Germany Gold & Silver Prices - Per troy ounce.

DATE	SILVER	GOLD
Jan 1919	12	170
May 1919	17	267
Sept 1919	31	499
Jan 1920	84	1,340
May 1920	60	966
Sept 1921	80	2,175
Jan 1922	249	3,976
May 1922	375	6,012
Sept 1922	1,899	30,381
Jan 1923	23,277	372,447
May 1923	44,397	710,355
June 5, 1923	80,953	1,295,256
July 3, 1923	207,239	3,315,831
Aug 7, 1923	4,273,874	68,382,000
Sept 4, 1923	16,839,937	269,429,000
Oct 2, 1923	414,484,000	6,631,749,000
Oct 9, 1923	1,554,309,000	24,868,950,000
Oct 16, 1923	5,319,567,000	84,969,072,000
Oct 23, 1923	7,253,460,000	1,160,552,662,000
Oct 30, 1923	8,419,200,000	1,347,070,000,000
Nov 5, 1923	54,375,000,000	8,700,000,000,000
Nov 13, 1923	108,750,000,000	17,400,000,000,000
Nov 30, 1923	543,750,000,000	87,000,000,000,000

So if you had 1 oz of Silver and sold it Nov 30, 1923 you would have been a Billionaire. If you had 1 oz of gold and sold it Nov 30, 1923 you would have been a trillionaire. How much that bought you is not told. But I am sure those people that had gold and silver survived better then those who didn't.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

The Pathetic, Willfully Ignorant, Anti-Gold Argument!

I have reprinted the moronic article below, with my comments immediately following (in bold), to help illustrate the "mindset" of the average sheeple towards the sanity of precious metal investing. May God preserve us from these poor, trusting, ignorant sheep for whom the slaughter is soon to come! PS. Be patient. You have to read through their pathetic "attempt" at humor in the first part of the article.

Bed Bugs, Stink Bugs and Gold Bugs – What’s the difference?

October 22, 2010

Evidently Bugs are all the rage today. We have Bed Bugs Infesting New York City, we have Stink Bugs infesting Philadelphia, Pennsylvania and we have Gold Bugs infesting the entire country.

Let’s define Stink Bugs, Generally they look like this vile creature:

• 

Stink Bugs infest your home, your car and your house. You can’t kill them because they let out a vile smell that is similar to having a skunk bomb your living room. So you have to vacuum them up, or do like what most residents of Pennsylvania do, use a tissue and pick up that thing and drop it in the toilet and flush it down.

These vile animals are not from America, they were imported by Toyota in the 1990′s from Japan, rumour has it that some car salesman in Allentown. PA opened up the Toyota to make a sale… saw those stink bugs sitting there… he killed one one of them… learned why they are called “stink bugs” and then proceeded to swoosh them off rather than killing them so the client didn’t see them (or smell them).

10 years later, the entire North East is infected with them as birds won’t even eat them due to the stench. Sounds like a terrible Zombie movie.

Let’s define Bed Bugs, Generally they look like this vile creature:

• 

This isn’t a joke. Bed Bugs are vampires. Sink Bugs are terrible because they are highly annoying. Bed Bugs are terrible because they drink human blood. They sneak up on you in the middle of the night and feast on your blood. They live for a year without any food, but they do wait.. and wait they do until you sleep.. they smell the carbon dioxide from your breath and they flock to feast on your blood while you sleep.

They inject a small dosage of anaesthetic so you don’t feel the bite and wake up, then they eat you until they are full.

Wonderful beasts.

They used to be controlled via a pesticide called DDT but it’s been banned due to serious side effects. In other words that “cure” is worst than the Bed Bugs themselves.

Let’s define Gold Bugs, Generally they look like this vile creature:

• 

This is the worst of the worst. Bed Bugs are vampires, stink bugs are skunks, but Gold Bugs… wow they are an amazing breed.

Many of them believe that the entire economic system is abound to collapse. They are in the process of buying Gold Coins, Guns and Ammo and building their bunker stocked with food clothing. They are storing Gold coins to barter when “cash becomes worthless and the economy collapses”.

They are stocking up on Guns and Ammo because they feel that “they are the only ones prepared for the eventual end of the world” And you can’t forget the daily candle night reading of the Bible.

These people are the definition of Gold Bugs. They do come in many forms. Some of “smarter ones” are “Silver Bugs” because they feel that Gold is too much currency to do daily trades. Others mass in other types of assets. But the strategy is the same, horde up because everyone will be coming to you for product X or Y because you’re the only guy in town with it.

The end result is that these people feel with a mix of hyperinflation, unemployment and total debt in the US it has nowhere to go but bad.

So there you have it people, the three major bugs in the media today, all on one article.

Enjoy the new reality.

Written by TheFounder · Filed Under Advertising Agency News

Wow, what a truly ignorant person you are! Worse, you seem to revel in your ignorance! What precisely is your point, I wonder? Gold and silver prices are skyrocketing because the wise people among the world's population know that both precious metals have been valued for 5000 years of civilized history. During times of uncertainty, like today, these metals have served as safe havens for wealth. Just how long do you think the US Dollar will have value before the inevitable hyperinflation takes hold? In 1913 the first Federal Reserve Note (FRN) was issued. Since that time the dollar has lost 97% of it's buying power...and that in a century that could easily be described as the rise and ascendancy of the American Empire! What will the future hold as the country languishes, awash in trillions of dollars of debt and beset by politicians without the courage to either dramatically raise taxes or slash entitlements? May I ask where your investments lie? US Treasuries, money markets, a savings account at you local bank? Good luck with those wonder vehicles :) PS. Thank you, I'm quite happy with my silver investments which are up over 40% this year so far, as measured in US funny money. Seriously, though, do yourself a favor and do a little research before you write an article about a topic you obviously know little about (not counting the stink and bed bug info, of course). Since the Chinese invented paper money 1000 years ago, every single fiat currency has failed eventually! The best thing that can be said of the US Dollar is that it has not failed...yet. However, just give Ben Bernanke and Obama a little more time. Well, he did promise change, didn't he!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick

How to ID a Junk Silver Coin

Finding out whether your US coin is 90% silver or not is easy.

1. The first test is to check the date. If your dime, quarter, or half dollar is dated prior to 1965 your coin is 90% silver.

2. Another test is check the reeded edges for the "copper/nickel sandwich". If you see a band of copper around your coin that means it's made of about 92% copper sandwiched in by 8% nickel. Be careful! You have a fake zombie coin on your hands!

On the other hand, if the reeded edges are all silver colored, then you're 90% silver and all good!

3. If you got good ears and a lot of patience, you can try the "ring test". A silver coin when hit makes a clear ringing sound, while base coins make more of a short plink. Sometimes it worked for me, but most often I just ended up dropping the coins all over the floor!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.

Rick