One of the big myths of our time is the myth of a Gold Standard. The theory goes that if we had a currency backed by gold, or just used gold by itself, we could stabilize the world's economy. The fact is, there just isn't that much gold out there to use as a global or even national currency:
"In the world there are currently somewhere between 120,000 and 140,000 tonnes of gold ‘above ground’. To visualise this imagine a single solid gold cube with edges of about 19 metres (about three metres short of the length of a tennis court). That's all that has ever been produced.
Divided amongst the population of the world there are about 23 grams per person, about 1.2 cubic centimetres each. This equates to about $250 - $350 worth per person on Earth, depending on the current price." (Source)
This creates a series of problems:
1. A Gold Standard would result in gold confiscation by governments trying to stabilize their gold backed currencies. This is what happened under the last "gold standard".
2. Concentrating wealth in the hands of the government leads to fraud and theft. As greedy politicians seek to feather their own nests and create their own financial empires, what do you think will happen to all that gold? (Hint: Fort Knox and the Twin Towers).
3. The "Crown" owned Federal Reserve Banking system is the real problem. Governments and currencies should be owned by the people, not a cabal of Satanic Psychopaths looking to wipe out 90% of the world's population.
The Founding Fathers understood the above, which is why the following verbage is written into our Constitution:
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility." (Source)
Notice the part about gold and silver as the only thing the States can make legal for the payment of debts. The United States minted all of its dimes, quarters and half dollars as 90% silver prior to 1965. I know, because I own Drockton Bullion and sell both 90% silver coins and pure silver bullion rounds.
"According to the two industry silver surveys by the silver institute and the cpm group, mankind has about 250 million ounces to up to 650 million ounces of silver. (Those numbers do not include silver jewelry.) If we use the larger number, there is about seven times as much gold in the world as silver! (Another way to say it is that mankind holds less than one year’s mine supply of silver.)
But how about the Silver Jewelery? There is a good reason not to include silver jewelry. we already know that silver is not as valuable as gold. When silver is made into jewelry, there is valuable skilled labor involved, which adds to the price and value of the object. A very cheap silver ring will cost about $10, and will contain about 1/5 of an ounce of silver, or less. This means the cost of that metal, in that form, is about $50/oz.! This means that silver, in the form of jewelry, cannot be sold for a profit for the sake of the value of the scrap metal alone," (Source)
As Global economies collapse, the nations start borrowing paper currenccies from the IMF. They repay these debts in gold. This is why at least 25% of the world's gold is owned by the Rothschild/Rockefeller central banking system. They give out paper and demand gold in return. The United States also pays the Federal Reserve interest on its currency in gold certificates. These are redeemable in gold bullion. (Source)
The original charter of the Federal Reserve required stockholders to also pay for their stock in gold:
"When the organization committee shall have designated the cities in which Federal reserve banks are to be organized, and fixed the geographical limits of the Federal reserve districts, every national banking association within that district shall be required within thirty days after notice from the organization committee, to subscribe to the capital stock of such Federal reserve bank in a sum equal to six per centum of the paid-up capital stock and surplus of such bank, one-sixth ofthe subscription to be payable on call of the organization committee or of the Federal Reserve Board, one-sixth within three months and one-sixth within six months thereafter, and the remainder of the subscription, or any part thereof, shall be subject to call when deemed necessary by the Federal Reserve Board, said payments to be in gold or gold certificates." (Source)
So, now that the banksters have the ability to extract every available ounce of gold bullion through the coming IMF and Federal Reserve gold confiscation, gold is now a liability and not an asset. This is why I recommend silver, even though I sell both gold and silver.
With the global economic collapse a certainty, hard commodities will become local currencies. People will use silver to conduct local business transactions because its is far more portable and easy to hide than bushels of wheat or boxes of bullets. Supply and demand will determine its value.
Because it is a precious metal with limited supply and excessive demand, silver will be worth a king's ransom. Paper currencies and investments based on paper currencies will be used in stoves and fireplaces to keep people warm, just like in the Weimar Republic, where silver exponentially increased in value while other personal effects were sold for pennies on the dollar.
In conclusion, if you want gold as a currency you will have to get borrow it from the Banksters that will have 90% of it locked up in their vaults when this economy turns to dust. Since they have gone through so much trouble to get our gold, don't look for them to release any of it until after their apocalypse.
