>>14267714If there is one thing I try to relate, it is that Gold and $ilver is NOT an “investment,” but MONEY.
“Dollars” and “Euros” are currency, but currency is not MONEY.
First, a table listing the primary attributes of MONEY, which contrary to popular PROPAGANDA, is not just a medium of exchange. In fact, the only definitional parameters the dollar satisfies are the least important, its divisibility and fungibility. Conversely, it doesn’t come close to meeting the other four, all of which are vitally important to your financial health – particularly item #3, the necessity to maintain VALUE…
…which the dollar has NOT been since the Federal Reserve was unconstitutionally created in 1913, per the chart below. For that matter, you could replace the word “dollar” with ANY of the world’s nearly 200 fiat currencies, and the chart would look the same…
I CANNOT EMPHASIZE THIS POINT ENOUGH, and felt compelled to reiterate it when I came across one of Miles Franklin’s marketing pamphlets, titled “GOOD MONEY MUST HAVE SEVEN CHARACTERISTICS.” This timeless piece was taken from Richard Russell of Dow Theory Letters, and nothing proves my point better:
(1) It must be durable, which is why we don’t use wheat or corn or rice.
(2) It must be divisible, which is why we don’t use art work.
(3) It must be convenient, which is why we don’t use lead or copper.
(4) It must be consistent, which is why we don’t use real estate.
(5) It must possess value in itself, which is why we don’t use paper. (or bytes on the internet)
(6) It must be limited in the quantity that is available, which is why we don’t use aluminum or iron.
(7) It should have a long history of acceptance, which is why we don’t use molybdenum or rhodium.
Only GOLD and SILVER fit all seven characteristics.
Don't be fooled by non physical stores of financial energy in times of crises.
