Email: invest@goldenlionmint.com
Phone: 828-350-1454
“If You Don’t Know What Money Is, It May Be Why You Might Not Have Any”
Every time I quote the figure for the national debt, I’m wrong. Why? Because the debt keeps changing. Go online and see how much we owe. Don’t worry; it really doesn’t matter. Nope! Not even adding an extra 300 billion for us to bail out the failed mortgage giants Freddie and Fanny. Nor the cost to the taxpayer of one bank after another collapsing. Nope! Doesn’t matter!
Now you’re probably saying to yourself, “How the heck can you say that? Sure, these things matter a lot. I’m mad as hell that the CDs I have for retirement are only paying 4% and inflation just rose to 5.5% - this year alone. And consumer prices are up 7.9%. And you’re saying it doesn’t matter!!?” Nope! It doesn’t matter.
How can I say this? Because it’s all play money, which isn’t money at all. You can get a hint by looking at other world economies when they experience fiscal difficulties. They simply print more zeros on the bills. Venezuela and Zimbabwe are good recent examples. War-torn Germany in the 1930s was another example. It got so bad that it took a literal wheelbarrow filled with paper money to buy a loaf of bread. It wasn’t until sometime after the second World War that Germany recovered and went on to become an industrial power.
Now how did that happen? A group of economists led by Ludwig Erhard convinced the government to lift price controls, lower taxes big time, and to introduce a new, hard, non-inflatable currency, called the deutschmark. Germany went on not only to survive, but to thrive.
Why haven’t the Swiss had the financial woes that we have in the U.S.? Because the franc is still backed by a certain measure of gold. Actually, you can take an ounce of gold into a bank in Zurich or Geneva, Hong Kong, or Dubai, and exchange it for the local currency. However, the local currency isn’t money; it’s only a medium of exchange. Bouvier’s Law Dictionary, 2 Vol., pg. 2238 states “Money – gold and silver coins. The common medium of exchange in a civilized nation.” In Black’s Law Dictionary, pg. 1264 of the sixth Edition, it states “Real money – money which has real metallic, intrinsic value as distinguished from paper currency, checks, and drafts.”
So why did I say, “Nope! It doesn’t matter?” Because you can’t pay a debt with a debt! A dollar “bill” is a bill. It is an obligation of the United States to pay up with real money that, according to law, is only gold or silver. We have been blinded by an illusion and led to believe that I.O.U.’s are real money! That’s why I stated that, if you don’t know what money is, it may be why you might not have any. A Federal Reserve note is an obligation to pay in real money (12 U.S.C.S Sec. 411). If you research the laws of this nation, you’ll discover that a dollar is 371.25 grains of silver. That’s about ¾ of an ounce. That means a one dollar bill, as of this writing, should buy $13.50 of un-inflated consumer goods.* At one time, Congress mandated the price of silver at a dollar an ounce, then only put ¾ of an ounce of silver into a silver dollar. What happened to the other ¼ of an ounce? And you have to ask? The U.S. mint made 25+% profit by buying an ounce of silver and coining it into a dollar! A silver dollar, not having an honest full one ounce of silver – now that’s counterfeiting!
Well, it doesn’t matter. Nope! Why? Because silver isn’t an instrument of debt – a bill. Old silver dollars can be exchanged at coin dealers and individuals up to around 25 debt dollars an ounce. All countries that use debt as a medium of exchange follow the course of history downward into decay and ruin. Why is it that when you reach a country’s border and enter a new country, you must exchange one currency for another at a loss or gain in value, depending on which one was stronger? Yet, you can cross the border with an ounce of gold and exchange it for paper without any loss. Why? Because gold trades at a certain price, 24 hours a day, seven days a week, around the world. And if the gold price is said to be down, it simply means that a country’s paper is getting stronger; thus, buying more. This is why you cannot lose money owning gold: because it’s the only real enduring money that has stood the test of time for thousands of years.
So now that you know what “real” money is – isn’t it time to have some? While Golden Lion Mint’s gold and silver bars are not currency, but collectible metallic art, they are based on the store of timeless eternal value. Only pure gold and silver can be the medium of honest exchange – never worthlessly eroding certificates of debt. So isn’t it time you stocked up on the real thing?
Tony:
invest@goldenlionmint.com
Or Call: 828-350-1454