Category Archives: Why Gold?

Why not? Historical speeches, legislative decisions and commentary.

Fear, Mr. Bond, takes Gold out of circulation…

There are no Swiss banks in Goldfinger although “Goldfinger, in ready money, is the richest man in England. In Zürich, in Naussau, in Panama, in New York, he has twenty million pounds’ worth of gold bars on safe deposit.”

But Goldfinger uses Switzerland as the hub of his gold trafficking (which was illegal at the time in some European countries). There he has a discreet plant where he melts down car parts made of solid gold to then discreetly bank them or ship them on. Switzerland never had capital controls that prevented the free flow of gold or other precious metals, and this makes it even today the world’s first market for gold. In the movie, Goldfinger uses this Swiss freedom to his advantage. Continue reading

50-Year Look at the Dollar’s Purchasing Power vs. Gold

To understand the impact of inflation on the US dollar, it’s helpful to compare its purchasing power to gold over time. Fifty years ago, the dollar’s value was quite substantial, but over time artificially low interest rates and money printing by the Fed have helped erode the greenback’s potency. In contrast, gold’s unique ability to preserve wealth and purchasing power is easy to see when compared to the dollar over the same time period.

The following infographic shows the difference between two different savings scenarios:

An American stores $3,500 in a safety deposit box in 1967 and takes it out in 2017.

An American stores $3,500 worth of gold (100 oz) in a safety deposit box in 1967 and takes it out in 2017.

If each person then went on a spending spree, here’s what could they buy.

Continue reading

Why Gold is Money

It’s an unfortunate historical anomaly that people think about the paper in their wallets as money. The dollar is, technically, a currency. A currency is a government substitute for money. But gold is money.

Now, why do I say that?
Historically, many things have been used as money. Cattle have been used as money in many societies, including Roman society. That’s where we get the word “pecuniary” from: the Latin word for a single head of cattle is pecus. Salt has been used as money, also in ancient Rome, and that’s where the word “salary” comes from; the Latin for salt is sal (or salis). The North American Indians used seashells. So, money is simply a medium of exchange and a store of value. Continue reading

Cashless Command and Control of Your Checkbook is Coming Sooner Than You Think

cashlessWe’ve all seen them – futuristic movies where the World, nay, the Galaxy, runs only on transfers of electronic currency. In the Marvel movie, Guardians of the Galaxy, the transfer of “Credits” was commonplace.

In the 1986 film, Star Trek IV, The Voyage Home – Captain Kirk, Spock and others, travel back in time to 20th century San Francisco. When confronted by the local hero in the movie about their lack of funds, she says, “I suppose you don’t use money in the future,” to which Kirk shrugs and says they do not.

For most, back in the `80s, not using cash was unthinkable. Now, a mere 30 years later, it is fast becoming reality. Continue reading

An Invitation…

pan-pac-50-round-details-lg-01If you are like us, it was because of the weakening financial condition in America, and your knowledge of history. What happens when a government spends as if there is no tomorrow, with no concern for the future? What happens when the printing presses of any nation crank out worthless paper fiat currency around the clock? What happens when those nations, who purchase America’s bonds, one day wake up and say, “no more!”?

There is an old adage that says, He spends like a drunken sailor.” Well, even a sailor stops spending when he runs out of money – but this government does not. The end of the modern Roman Empire draws near…

Consider the following from a recent post on the internet – from a very trusted source:

Had you acquired a 100 ounce bar of physical gold on December 31, 1999, your total out-lay would have been $29,025.00. The value of that same gold bar today would be approximately $132,800.00. That could easily pay off a mortgage, provide for a child’s college education, or buy a great many other items that would change the lives of most people reading these words. More than a 4-fold rise in the value of any asset over the course of seventeen years would be considered a winner. You will never hear anything like this on mainstream media, as they are too busy reminding you of how great those blips-on-a-screen are performing… (Continue to the full commentary)

The Ultimate Reasons To Own Gold

William McKinley- Sound Money Gold Bug Stud

William McKinley- Sound Money Gold Bug Stud

…Those looking for a return on their money in currency terms perceivegold rise gold as an investment which they can sell at a currency price higher than what they bought it for. We would argue that…[that] defeats the purpose of owning gold in the first place – insurance against the failure of fiat currency, not a means of accumulating more of it. [As such,] the healthiest and most natural way of looking at gold is to view gold as savings or as a form of wealth preservation.

The comments above and below are excerpts from an article by BullionStar.com which has been edited ([ ]) and abridged (…) to provide a faster and easier read.

Gold is, and for thousands of years has been, the focal point for prominent savers of wealth. The European aristocrats, the Middle East oil barons, the ultra-rich, and even the central banks, all save in gold to preserve generational wealth. Continue reading

Osama bin Laden demanded his followers invest in gold bars

osama… after the economic recession because he thought it would double in value

Former leader of Al Qaeda: Osama bin Laden was a keen investor and instructed his followers to put their money into gold

Osama bin Laden was a keen investor and instructed his followers to put their money into gold because ‘the overall price trend is upward’.

The former leader of Al Qaeda said in a letter to his underlings that the precious metal was a safe bet because it would double in price to $3,000 an ounce.

He joined the likes of billionaire George Soros in predicting that gold was the best option in the wake of the 2008 recession. Continue reading

January 11, 2016: A Message From the Editor/Publisher

pan-pac-50-round-details-lg-01With the international devastation, which is currently exploding, the need for preparation and self-sufficiency has never been more apparent. For over 6,000 years, holding gold coins has been the ultimate financial protection against the greed, mistakes or stupidity of others. Gold produces nothing but protects all. Gold is an objective value. It cannot be printed, artificially inflated or deflated, meaningfully manipulated or mis-valued on perception.

As the continuing upheaval in the American financial markets have shown, the paper economies of the world are proving to be incredibly fragile – and the dollar is proving not to be immune. Although having gained in value sharply over the past few years (and fallen), with gold at today’s levels, the opportunity is still within your grasp and remains a great value in your quest to protect your future with the ownership of gold. Whether your interest lies with our International Collection, or the highly sought after American dream coins, certified by the experts – we can fulfill your needs!

The historical importance of owning gold coins is well known and the greatest opportunity for diversification exists today by adding historical, collectible gold and silver coins to your holdings. This may be the most affordable “insurance” you’ll ever own. Continue reading

La Vie en Rose

“Hope, in this deep and powerful sense, is not the same as joy that things are going well, or willingness to invest in enterprises that are obviously heading for success, but rather an ability to work for something because it is good.” ~ Václav Havel

Now might be a good time to find something that you can firmly believe in, something that is greater and better than yourself, and then hang on to it and faithfully serve it, with all your strength and hope.

Have a pleasant evening.

Continue reading

Ending the Monetary Fiasco – Returning to Sound Money

This talk was given as the Ludwig von Mises Lecture at the Austrian Scholars Conference on March 14, 2009

gold_FEG_bnr_01.jpgLudwig von Mises is, and I suppose virtually all of you would agree, the dean of the Austrian School of economics, and I do not hesitate to add, he is also the most important economist of the 20th century and one of the greatest social philosophers.

Mises’s personal courage and rigorous intellectual reasoning are, and will always be, an inspiration and encouragement to all students of economics, social affairs and philosophy.

His outstanding expertise in the fields of economics, politics, history, and psychology — combined with his amazing ability to integrate these diverse elements into a coherent theoretical system — is what sets Mises apart from other economists. Continue reading

Gold – Hard Cash Revisited

AFP/Getty Images Gold: A primary building block of the “cockroach” portfolio.

AFP/Getty Images

Times are changing. We have gone from putting our money in a savings account or CD to finding any other place to put savings so it appreciates in value. Look at these indicators.

Dollar Down
I guess I am dumb, but I can’t see how causing the dollar to lose its value helps you and me- that 90 percent group that works for a living (Well, I used to work. I’m a four-score cast-aside now). Cheaper dollar means inflation. That means the cost of living increases. Continue reading

Fekete: The Significance of the Gold Standard

This is a freely edited version of an article by the monetary economist Walter E. Spahr (1891-1970), Head, Department of Economics, New York University, that appeared in the quarterly review Modern Age, Summer, 1960

golden_rollsAn instrumentality of human freedom
Of all institutions the gold standard occupies a paramount position as an instrumentality of human freedom, private property, private enterprise, and responsible government. The nature of the gold standard should reveal something as to why it is a necessary and natural companion of human freedom.

After specifying the standard gold coin and opening the Mint to its free and un-limited coinage on private account, the government must stand aside and let the gold standard perform its functions in accordance with the desires of the people. The right to private property in gold is established and respected. The government shall not interfere with the hoarding, importing or exporting of gold, or with the redemption of non-gold currency into standard gold coin by the banks. An individual may put none, little, much, or all of his property into gold. He may convert all of his property into gold and ship it out of the country without hindrance from the government.

Checkrein on the government and banks
If a person living under a degree of freedom inherent in a gold standard is disturbed by, or disapproves of, the policies of his government or the practices of banks, he may protect his property by presenting non-gold currency for redemption. If a sufficient number of people do this, then the government and the banks are forced to respect the fears or disapproval of the citizens. The government and the banks are thus placed in a position in which they must be careful not to disturb unduly, or to incur the disapproval of, people with property to protect.

Thus do a people with a gold standard at their disposal have the power to keep a checkrein on the fiscal policies of their government. Thus do they force the banks not to pursue reckless credit practices. Thus do they obtain and maintain a responsible government and a responsible banking system.

The people may utilize that power wisely or unwisely; but it is a power they must have if they are to be able to protect themselves from improper government encroachment or tyranny, and against irresponsible banking. (Continue to original article)

Why The Banksters Don’t Care About Your Gold

goldSovereignPkgI regularly hear how important it is to hold silver and gold and how dangerous the central banks and their banksters (a combination of bankers and gangsters) really are. I’m sympathetic, of course, since I don’t like central banks and I do like silver and gold.

But these folks have a problem: Their plans never seem to bear any fruit. Mostly, they are waiting for the banksters to lose control, for the financial system to fall down, and for their silver and gold to save them from an apocalypse.

But it has been a lot of years now, and the banksters seem to have no concern about precious metals in the hands of average folks. In short, they don’t fear your silver and gold at all, and I think it’s important to examine why. Continue reading