By: Gary D. Barnett
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; debt is the money of slaves.”
Norm Franz
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I must do this, so here is my disclaimer: Nothing I say or reference is in any way meant to be investment or financial advice, and is to be used for informational purposes only. All statements should NOT be considered legal, tax, investment, or financial advice, as risk of loss is always possible.
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Is silver the forgotten money, or is this complicated market so corrupt and manipulated that most all have abandoned any connection, mentally and physically, to real money in favor of credit, debt, and fiat currency? It seems obvious that both of these statements are correct. This is not a good sign for the future of economic soundness, as without real money, gold and silver, what is left is only fake money, and fake money is a constant depreciating asset. This is easy enough to understand, when the currency of choice in this country is the ‘dollar,’ which in reality, has lost over 98% of its purchasing power since 1913, the time of the creation of the Federal Reserve.
There is much argument about this, but when one looks to the mainstream or so-called ‘fact-checkers’, it is obvious that they either live on another planet, are complete economic ignoramuses, or pathological liars. Considering just one idiotic argument, that being the use of the completely fraudulent government’s Consumer Price Index, (CPI) which attempts to claim that the price inflation rate is around 2% annually, one should be able to laugh out loud at such a preposterous claim. One trip to any grocery store or restaurant, any monitoring of real estate prices, or costs of any good, service, or utility use, is enough to blow such a ridiculous number right out of the water.
And now, there is a maniacal totalitarian tariff monster sitting in the White House, making sure, by tyrannical measures of course, that prices to all consumers will dramatically escalate on everything coming into this country, and everything produced in this country as well. In other words, prices never go down, and are now going up at incredible rates of increase due to the unlimited printing of fiat currency, real monetary inflation and debt creation, and arbitrary act-of-war tariffs, which cause runaway price inflation.
As far as I am concerned, the only real money is gold and silver, whether it is used directly, or used to back a money equivalent 100%, which would have to be fully redeemable on demand, and at face value either way at any time whatsoever. This can only work in a proper manner if that backing is one to one, and never fractional. Some of you will balk at these statements, and claim that crypto currencies, specifically bitcoin, is also real money, but that in my opinion is impossible. Bitcoin, first and foremost, is not private by any stretch of the imagination, and has not been for many years. It also is a digital currency, and yes, I know it is on blockchain, but it is digital, and it is not stable or secure. Also, no CBDC or government ‘stable’ coinage will ever be stable or legitimate. Shutting down the internet for example, would immediately eliminate all transactions. But today, I want to concentrate on silver.
Gold has obviously retained its purchasing power over time, and should be, as I see it, even at a much higher price than it is today. Silver on the other hand, has been held down purposely for decades, abused, and intentionally priced far below its real value, all due to government and banking control and manipulation. Historically, gold was priced in relation to silver, at about 10 to 1; it is now priced at 100 to 1, making one ounce of gold 100 times the price of one ounce of silver. This is asinine.
As many have concluded, silver is the most abused, and most undervalued asset in the world, and also the most intentionally devalued form of real money today. Americans may be the most economically uninformed population as to the reality of silver as money, as this country depends almost entirely on the U.S. dollar, a fiat fraud, which is but an arbitrary authoritative command system currency used to control populations and wealth distribution and redistribution. When market failure, currency (dollar) devaluations, and economic chaos ensue, and it will, physical silver (and gold) will be able to weather the economic storm as the dollar slides into irrelevance.
Silver is a most valuable asset, and essential in the entirety of workings of current human existence. It is touched by nearly everyone many times, or many tens of times every single day, with few having a clue about this fact; never having understood the importance of this very precious metal. The phones you use, your computers, your automobiles, (including all electric vehicles — EVs) all electronics, all solar panels and solar energy systems, military equipment, medical instruments and other medical uses, semiconductors, satellites, appliances, and all technology, are dependent on silver. The industrial use alone is staggering, but silver is also absolutely real money. It is a monetary necessity, especially in times of great market stress, as it is genuine money not based on or controlled by authoritative systems.
Well over 60% of all silver goes toward industrial needs, and in addition, much is used for jewelry and other applications as well. In any time of economic upheaval, or financial system crash, silver will be the money of last resort, not gold, as the price of gold coins is highly restrictive, while silver will retain its importance in day to day transactions, just as it always has in the past. With all these imperative applications, the supply of silver is dwindling, while the demand is rising exponentially. Other than food and energy, (oil) this makes silver the most essential commodity in the world.
With all this said, silver is the most manipulated asset, and for very nefarious reasons. Massive short sales by Wall Street players like J. P. Morgan, big banks and investment companies, and others, are constant, and used to hold down the price of silver, all ignored of course, by the so-called government regulators. Due to the fact that silver has so many uses besides its vital monetary importance, it has not been allowed to rise to its intrinsic value, as that would expose the fraudulent U.S. financial system and its fiat currency for the scam it is. In addition, the corporate and technology sectors would incur much higher costs, so silver prices are purposely held down. This is done with the use of future’s contracts on the COMEX which are used to rig prices. Given that the silver supply is continually shrinking, and demand is increasing, while uses for silver are exploding in a multitude of sectors, the price should be exploding. This is not happening, and in fact, the intentional suppression of silver prices continues unabated, with no government oversight in view, which indicates criminal collusion among the State and specific corporate players.
I do not think this can go on forever, but it has been evident for many decades, so attempting to time any reversal is still a fools game, even though silver is unbelievably cheap given its vital industrial, technological, and military necessity, and its monetary importance. At this point, all markets are far overpriced, fraudulent, and manipulated, and debt at every level is insane, and worsening. When these bubbles pop, and the clueless herd decides to finally obtain real money, there may be no limit on the price of silver, and little if any available. I for one, will continue to hold silver.
Fiat currency always returns to its intrinsic value … ZERO!”
Voltaire
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