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Tuesday, January 2, 2018
By Paul Stramer
Anna's last article is right on target. We need a complete overhaul of the entire monetary system of the whole world, and we needed it yesterday. Lots of people are in real trouble with their finances. The kind of trouble that puts people out on the street homeless.
Most of the time, the best way to predict the future is to go back into the past, and see what worked back then, and upgrade those ideas, methods and tools with the newest technology and the newest tools we have today.
For over 5000 years Gold and Silver have done something that nothing else has been able to do, and that is HOLD THEIR BUYING POWER. Stamp that on your forehead. It's not just because people believe they will hold their purchasing power. Both have intrinsic value in industry, silver more than gold.
In 1913 you could walk into a fine clothing store in downtown New York City and with just one $20 Gold piece, you could buy a brand-new suit, a new tie, and a fine pair of shoes.
Right now today, over 100 years later, you can walk into a good clothing store, and for the same one ounce of Gold, you can get a fine new suit, a new tie, and a fine pair of new shoes, and perhaps a great hat.
The only thing that has changed is the value of the paper currency ratio with Gold.
Why is that?