hoard gold
While the average person cannot afford to hoard gold, he or she could invest in smaller amounts of precious metals. But wouldn't it make more sense for governments to back currency in some cheaper commodity for the middle and lower classes, say aluminum or copper? Can you imagine a zinc or chromium certificate--something, anything to reassure a citizenry? When the US government ceased minting pure copper pennies, many older folks assumed the penny was worth far less than the copper content. When a populace awakens to discover their currency is worthless on the worldwide market, fascism becomes a probable next step.
According to a clarifying column on NESARA: Back To Basics--The Nature of Money: "The first requirement of any monetary system is that it be a moral system, honesty being a step in that direction. Honesty requires that the total amount of any paper currency issued with a promise of redemption be 100% redeemable at any time. Furthermore, any individual must be able to redeem even the smallest unit of currency on demand. Mere appearance will not serve." The German Nazis rose to power on civic unrest, hate and inflated currency. Sound familiar here?
Presently "fiat currency" is the form of paper money most governments use, or abuse in the case our our dear, late lamented and near departed Republic. Will all American citizens share the burden of a defunct currency when it occurs? Emphatically NO. The little warning signs of a crumbling currency--one not backed by anything beyond propaganda--are already evident. Although these screaming headlines--SOROS AND BUFFETT BETTING AGAINST US DOLLAR!--rarely make the front page of your hometown paper, the information is well known and available to those with diversified portfolios.
"Through the spring of 2002, I had lived nearly 72 years without purchasing a foreign currency," Buffett writes in Fortune, beneath a bold headline about selling the nation out. "Since then Berkshire has made significant investments in—and today holds—several currencies. I won't give you particulars; in fact, it is largely irrelevant which currencies they are. What does matter is the underlying point: To hold other currencies is to believe that the dollar will decline."
If two of the richest men in America prefer to invest heavily in the European currency, what does that say about the health of the US dollar? More than a year ago, the credible rumor was that Saddam Hussein came close to convincing OPEC to demand payment in euros. Anybody seen scraggly Saddam, our former ally, lately?
Should we buy gold before they sell out? Should we buy gold and silver as a hedge against the teetering dollar, that is, before the government sells us all out? Or better yet, should we be buying euros before Washington bankrupts the country? Perhaps it would be even wiser to privatize US coinage and open up our currency to competition. Before we were ever a nation--in the Eighteenth Century--colonial coinage was a mixed bag. Perhaps our destiny is to return to that system again. Gold, silver and copper coins and the paper currency backed by wealth rather than a mountain of debt. To those of us who once collected coins, the golden age of American coins happened in the not too distant past and, perhaps, in the not too distant future.
As a recommended glimpse of those distant days--the height of golden American coinage--and the inherent disasters of hoarding or even carrying gold, I recommend: Ship of Gold. For those readers who intend to corner the precious metals market I recommend this short and entertaining history, written almost as a moral lesson about greeds and needs.








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