Does today’s economic mess confuse you, it certainly does me? Is it possible we over complicate some issues when a simple understanding is the most obvious? The internet is full of economists explaining inflation, explaining deficits, justifying gold, even ridiculing gold. Majority of Americans are in search of whatever it takes to return to “normal” but you and I know this is no longer rational thinking. We can’t wish back a strong consumer based economy based on more debt, just not possible. It angers us few with political power refuse to accept this but the truth is political leaders only react to political forces. My question for you today is why not creating your own gold standard?
I have no idea what motivates you to read a site like this or own gold. I do know, regardless of reason, you will benefit by participating in a mini version of a monetary structure backed by something real like PM. For the record, any reference to “gold” assumes silver included because sometimes I condense both metals in one word, GOLD. Several readers have asked so I’m clearing the air right here. Yes I own and still buying both metals but what I’m doing is of no value to you unless you’re buying as well! Since this site doesn’t sell PM I can safely say my only interest is to give information and council to those who choose to no longer accept the status quo.
Maybe we should define a few common terms before I launch into this personal gold standard thought. For the record, when a political force promotes “investing” they actually mean “spend (usually by borrowing)”. When political forces mention “fair share” they actually mean you paying “more taxes”. It is now common to rephrase terms that sour us which somehow allows us to stomach the same nastiness as before. The end is the same and this brings me right back to gold and silver. Most political forces dislike gold because of its “spin” resistance (gold is the one constant for over 5000 years…..real money), since PM debasement is impossible it must be removed from the table of trickery and finally was in 1971 (last nail for the gold standard).
This time, 1971, was the most pivotal point in our monetary history. Individuals who adopted gold set a course for prosperity while the rest involuntarily agreed to a life of devaluation while relinquishing control along the way. Actually the end to the gold standard alone had little to do with our mess of today since without a lack of fiscal restraint even a fiat currency can flutter along. This is no different from blaming credit card misuse on the card company when actually the card user is the root, cause, and abuser. The point, by nature we will borrow (we as in the masses or political forces) if borrowing is an option and this often leads to bankruptcy.
The moment one trades currency for gold a personal version of a gold standard begins. Actually two major accomplishments begin and both benefit you as the gold owner greatly. Once your currency leaves the monetary status quo a point is made by you joining the masses who no longer accept fiscal irresponsibility. Of course, at least right now, the Fed pumps $180,000,000.00 per hour into our money supply so this pumping more than compensates for your bucks traded to gold. But even Mr. Bernanke admits this can not go on forever but if it does you are protected, and wealthy. Creating your personal gold standard is nothing more than refusing to accept fiscal recklessness and proving it by owning gold. We really need only understand this one point about gold, at least in 2012.
THANKS FOR JOINING US TODAY. I WANT TO HEAR FROM YOU SO LET US KNOW YOUR THOUGHTS ON TODAY’S ISSUE OR WHATEVER IS ON YOUR MIND. YOU CAN REACH ME HERE.
It’s easy to be caught up in today’s political rhetoric and I have to admit it can be entertaining. From my prospective very little content from either party is in real discussion on what it will take to fix major cracks in our monetary system. Most issues are irrelevant if we can’t improve or debt dependency and secure our USD simultaneously. Front runners only argue trivial issues because the masses have not caught on to how dire today’s economic situation is. This will change over time but for now I see very little attention on the one true snowball of not stop debt.
We often hear from our readers asking why fiscal insanity hasn’t grasped attention of more in leadership roles. My opinion is we are so far removed from “real money” that few grasp the long-term effects of a huge government dependent on never-ending debt. In other words, we have to stop the leak before we can fix the damages from flooding and this will take time and gold will grow until then. One other point, have we stopped to consider that a debt declaration as #1 priority is an admission to a 40 year fiat failure. Political power doesn’t go away that easily, and it won’t. Please consider PM soon.