Liberty & The Case For Metal

Growing up, we are sometimes told of the importance of savings. From our first piggy banks through our first savings account, we are taught that, by putting money away for later, we will be protected for emergencies and for the years after our last day of work.

But these days, sooner rather than later, we come to realize the futility of savings in dollars. In fact, we are essentially penalized for saving dollars, as food and oil prices rocket. Who knows, in a few decades time, maybe we will have wished we kept all those copper pennies from our piggy banks; at lease those without precious metals. The powers-that-be insist the true inflation is 2% per annum, but free market analysts contend that it is more likely 9%.

We have been conditioned to believe in the paper currencies our nation-states, despite all the evidence that their exchange rates are not naturally fixed by free market economics, but rather through command-and-control by keystone banks and governmental financial institutions, like the International Monetary Fund and the World Bank.

Historically, both gold and silver have been used as money by civilizations all across the world. In Thailand, for example, the word for money, “ngen,” is also the word for silver. In China, the word for bank combines the symbols for “silver” and “movement.” With gold a mainstay of savvy and conservative investors, the demand for silver is youthful and ferocious, as a whole new generation learns how to put money away for later.

Those who have put their money into silver over the past two years years have made great returns. Further, the price movement of the metal does not mirror a bubble, since the fundamentals exist to propel the metal even hire: firstly, as a hedge against inflation and empire collapse, and secondly as industrial demand in the east and in considerable parts of South America increases.

Precious metals, like silver, offer individuals an opportunity to hold a savings account that appreciates in value when compared with most goods and services. So, whilst chipotle announces that their burritos are going to rise in price, the holder of silver is not concerned. When oil prices rise, though still concerned, in reality the silver holder, in many cases, has only seen the price of gas decrease.

And with that, SV quotes Jesse Livermore’s old saying: “Sit tight and be right.”