One way of protecting one’s monetary wealth against unhealthy monetary expansion, especially within a fiat or debt-based monetary system, is to convert the currency one holds into money such as silver, especially in the form of silver coins and silver bars.
Yes, when you’re sitting with a monetary system where the authorities of the day have the ability to create currency out of the proverbial thin air as if there is no tomorrow, especially fiat currency, then it’s best to run for the protection offered by money, namely gold and silver. There is after all a huge difference between currency and money. We do not wish to get into all the differences between currency and money here, but money has for one intrinsic value while currency has very little or no intrinsic value. Intrinsic value in essence refers to the inherent or embedded value of an item; unlike fiat currency value, intrinsic value is not determined by government edict or anything along those lines. Money retains value despite unhealthy monetary expansion in a fiat or debt-based monetary system. Yes, you also get monetary expansion within a money-based monetary system, but it happens in a much more natural and gradual way. E.g. natural shortages can develop when honest money such as gold and/or silver is used, but it gives the incentive to mine more gold and/or silver, to expand the money supply in a more healthy and gradual way. What is after all healthy and gradual about monetary expansion when an estimated 9+ tons of ink is used daily just to print fiat dollar notes alone, not even to mention the fiat dollars they create electronically with a few strokes on a keyboard? Ok, so moving forward, the message we want to leave you with here is that you need to buy silver, physical silver that is, in order to protect yourself against unhealthy monetary expansion within a fiat or debt-based monetary system; the currency you hold is after all nothing short of a debt instrument at this stage, which doesn’t even promise to pay the bearer in real money any longer, it is called fiat currency, because it is not backed by anything of intrinsic value. Now one of the reasons we advocate you make the switch to money by buying silver, is simply because it is highly cost-effective to do so. It is still much more affordable to buy an ounce of silver than an ounce of gold, despite the fact that it is estimated that at this stage, silver is about 5 times scarcer than gold.
An example of unhealthy monetary expansion as mentioned above, from a South African perspective, is the fact that the ANC-led SA government is expanding the monetary base as if there is no tomorrow: They are for one pushing the South African public to contribute directly towards a highly controversial e-tolling system, after they’ve already without the public’s consent, borrowed billions of rand (R20bn+) via the SA National Roads Agency Limited (Sanral) to build the required e-tolling infrastructure. David Unterhalter, lawyer for Sanral, even had the audacity to bring the situation in Greece into play: “The interdict is like asking a shop owner to close its doors for a few months. The damage is done in months, but will take years to rehabilitate. Just look at Greece” (Tolling decision rational – Sanral lawyer, News24, 26 April 2012).
In fact, many players of the ANC, including President Zuma, came out in support of the e-tolling system using all kinds of deceit and trickery, insulting the South African public in the process, especially the South African taxpayer…
Interesting read SB. Wish I could get my family to understand what is happening. Only my sister and a cousin understands what is happening and are buying silver. People have to look behind the scenes and not at the MSM. So many governments (especially eastern) are sucking up gold to protect their sovereignty, it’s unreal. The big money is doing the same. You’ve got to ask yourself “Why does the daily news try to discredit the PM’s while the governments are adding to their stack?” BECAUSE THEY WANT TO MAINTAIN CONTROL WHEN SHTF. The more they own and the less the average person owns will keep them in the “Boot on neck” position. Control. That’s all they want. As for me, I’ll keep stacking what little bit I can afford weekly.
2 OZ. Thanks. You’re 100% spot on again, it is about control for them. We have the opportunity of a life time to be truly free, but it seems that most people are not interested and by the time the get interested it might already be too late. Let’s hope they come to the party in time, because we need them, whether we like it or not.
Attention: 2 OZ., AG, 427, Jake, aragornsos, M45, ich1baN, Doc, Bull Run, Marshall and my other silver Friends…
What do you think, should I ask my Mom for a $12,000 loan at 10% interest a year over 5, 10 or 20 years or not? At this stage we will be able to cover the monthly payments without having to kill our cats and the bulk of the currency will go towards getting more physical silver. I feel the silver (money) will help a great deal further down the line, especially considering that my Mom is hard-pressed not to get silver and gold in her personal capacity. I feel that when she loses all her fiat paper wealth further down the line, we might be in a strong position to help her out. Needless to say, I will see the monthly payments as contributions to our pension. Your thoughts and ideas will highly be appreciated. No trolls please.
I’ll have to think about it for a while. For now, 10% is better than most credit cards. The advantage is, the bank can’t come and take it and (not allowed) you had to skip a payment, your credit wouldn’t get lowered. At the same time, you could very well be helping your mother out in the future. More later as I have to ponder this. AGX silver man’s banker, this is right along your lines. You’re up man. LOL.
SIlver Bullion I am a big fan of Bank of Mom. In my world Mom or Dad is a good source of capital that is more or less without counter party risk. This type of loan can help the kids get involved in good solid investments like businesses, real estate or in your case PMs.
If you pay Mom 10% she gets $100 a month and a return 1000% greater than her banker who is probably shafting her at 1% or less. If you can afford this monthly payment you should be able to buy a solid amount of silver in a price depresses market. On a side note I took $10,000 from my credit card at 0% for 1year for the simple reason that if the banker is foolish enough to loan me at 0% for 14 months I will take it.
One other notion that might work is to include your mom in an equity share rather than an income stream If she does not need the income then offer her a 10% return upon sale of the silver This is a deferred payment plan that accues interest. But intead of interest, if that creates taxes, the equity share might work if you sell the silver and return Mom’s money plus interest or silver appreciation shares.
If you are committed to this how much could your Mom comfortably ‘loan’ you. My thoughts are that this silver purchase will grow in value within a few years. Mom wins with an equity return and you save $100 a month. That $100 can then be used to buy 3 additional ounces a month. These are just some ideas. I hope all works out with you and your Mom. She sounds like a person who understands what you are about.
AG Thanks for the great advice. I always attach a high price tag on your advice.
Unfortunately my Mom is not interested to loan me the money to buy silver. I’ve asked her yesterday and explained all to her in detail. She’s only willing to loan me the money when we’re in serious trouble or when we want to buy additional property. She told me straight: “I don’t care if my money becomes worthless and I lose everything. If it’s God’s Will it will happen.” I told her for one in a nice way that God’s Will is written down in His Word and that not all that’s happening in the world can be attributed to God’s Will.
Anyhow, it is just sad that the inheritance my Father left is tied up in fiat and that we’re going to lose the bulk of it. How can that be God’s Will? Crazy. They buy medical, car and other insurance, but don’t you dare to encourage them to buy insurance against currency failure. I’ve asked my Mom and she couldn’t give a rational explanation. I think I’ve had it trying to get them onboard, it is just a waste of time and energy. Hell, I am not greedy, but I know gold and silver can go a much longer way compared to fiat when it comes to survival.
Needless to say, it is better to be no Christian than a half-assed one, a lesson many who call themselves ‘Christian’ are going to learn the hard way. Yes, I am pissed off, not because my Mom don’t want to loan me fiat, I am pissed of because of all the hypocrisy and insanity.
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
" Store a radio in a steel container, make sure to bubble wrap it for insulation. Stick it in the attic, garage, wherever as a spare in case of confiscation. I have an old Drake tube rig I am restoring that will be mostly EMP proof "Reply To: Ham radio
" Nice Shootin' TEX!
I am thinking avoid the ASE's (I have some) as they are prolly tracked by Big Bro... at least the bulk purchases, as I started out with. But that went down in Lake Monroe, stupid of me to take the stack with me on vacation! You are best off buying with cash, and junk is usua... "Reply To: EBAY: ASE's at 40% PREMIUM
Call it a Petit Mal, mild stroke, or just a temporary lapse of sanity, but I went against my junk coin roots last night. Earlier, I had stated my preference for junk. This remains true to this day, but last night I purchase some silver from Apmex that in no way can be considered junk:
... "Reply To: EBAY: ASE's at 40% PREMIUM
" I feel ya Mary. My average buying cost is around $30....Although as you said, I still believe in all the fundamentals, and where silver SHOULD be, its hard not to get discouraged at WHERE IT ACTUALLY IS!
"200 years from now your silver will still be valuable."
Statements like this absolutel... "Reply To: My Faith in Silver is Just About Broken
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