Why Precious Metals?
Precious metals like gold and silver cannot be simply manufactured out of thin air on a printing press. They are not merely a representation of wealth, but physical, tangible property. They are durable, divisible, homogenous or uniform, and easily melted, blended, or shaped into any size or quantity. They are also finite in supply and relatively scarce, giving them a high value to weight ratio (meaning you donít need a wheelbarrow full to pay for a hamburger).
Precious metals have practical applications outside of their use as currency too. They are used in jewelry, art, commercial industries like electronics, and scientific fields. Though the value can fluctuate depending on supply and demand, they will always have a high value because of their many uses.
By their very nature, precious metals are a hedge against inflation and war. They are a just weight and measure. About 2000 years ago an ounce of gold would buy you a very fine toga, hand crafted belt, and a pair of sandals. Today that same ounce of gold will buy you a fine suite, hand crafted belt, and a pair of shoes. A dollar in 1950 (roughly an ounce of silver) would buy you four gallons of gas. Today that same ounce of silver will STILL buy four gallons of gas. What happened to inflation and rising prices you ask? Nothing at all. Your fiat paper money has failed you, thatís what.
Since the creation of the Federal Reserve in 1913, the U.S. Dollar has lost 96% of its purchasing power. The paper dollar today is now worth only about 4 cents and is still dropping in value. Directly related to this is the rise of our federal debt which has sky rocketed to 9 trillion, since all these Federal Reserve notes must be borrowed into existence. Our money today is based on debt instead of gold or silver.
Americans need to understand what real wealth is and return our currency to a gold and silver standard. Our fiat money is silently robbing us daily. Every succeeding generation has less to give to their children. I encourage you to do your own research and invest in precious metal coins and bullion.