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News Link • Gold and Silver

Gold, Silver, and the Status Quo

•, by G.E. Christenson
 Paper money, the economic status quo, unfunded liabilities, pension plans, exponentially increasing debt, massive budget deficits, “to-big-to-fail” banks, and so much more are at risk of gradual or catastrophic failure.

Gold and Silver

Precious metals have been recognized as wealth and a store of value for over 3,000 years. They may no longer be used as currency but they retain their value. Example: I can’t go to Wal-Mart and buy food with silver coins but, practically speaking, I can sell or trade a gold or silver coin minted by Australia, Canada, or the United States in almost any country in the world at any time. Over the centuries, on average, they have retained their value, whether measured in gallons of gasoline, hours of labor, or food. Can you say the same for dollars, pounds, or any paper money?

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