Zack P.
Zack P.
Sep 2, 2018 · 3 min read

I read this and one more articles of yours. You are against a gold big time. I am opposite. Actually I am more pro silver than pro gold for simple reason that silver has myriad of practical purposes. I like practical values.

Maybe you lost money on gold (silver). It happens. I lost money on Bitcoin but still think it is currency of future.

Comparing precious metals with paper money doesn’t work. Gold and silver ARE the money with intrinsic value embedded into every little bit of it. Mexico is bringing back silver coin called Libertad. This is not a first time they are doing it but this time they are doing it very wisely. There is no face value imprinted! It is 1 oz. of pure silver, whatever is worth at the moment of trade. While paper money suffers from inflation gold/silver coin does not.

I think you are from Mexico or South America. Maybe you have friends or relatives in Brazil, Argentina or Venezuela. Ask them what they think about paper money and gold/silver. Write answers you get here and be honest for the sake of every Medium reader reading this.

From what I read and found out so far, besides eggs and potatoes used for bartering the only value still standing is gold (silver). Inflation in some places is so high that bags of money for simple goods are not accepted any more. Paper money is eaten by inflation and it’s not 3% (USA, Canada) as that Government says. Argentina has about 70% inflation, Venezuela a few tens of thousands percent. That means collapse of national currency.

1 dollar from 1913 (at the time of establishment of half criminal organization called FED Bank) lost about 98.5% of it’s value in next 100 years. Loaf of bread was 5 cents at that time. A 9 rooms double house $2500. Renting a room about $12 a month. Women’s dress, about $4. Fridge, about $16. Very interesting. Found a good site with all that info.

Anyway, every civilization ever existed in every corner of the Earth valued gold (silver) as an extraordinary value. That can’t be simple coincidence. It would be against astronomical odds.

I am guessing you are against gold since it represents kind of poor investment compared to other forms of investing. It’s true. Generally speaking it’s underperforming. Reason? Heavily manipulated with banks, financial institutions and Governments. For example J.P. Morgan is manipulating price of silver. It is a known fact. For me it is a crime. For establishment it’s called financial market. They are selling paper silver contracts to thosuands of investors without having physical silver or any intentions to hand physical silver if investors want it. One gets a check or paper money for that certificate not a silver bar.

Manipulations with value of precious metals will not go on forever. Same as US “credit card” will crash for sure. At 21.5 Trillion dollars debts can never be repaid. It is mathematical certainty, not really open to interpretations. Paper currency will go down the pooper, precious metals will be only sure value standing.

You criticize a gold but not offer anything better? Gold (silver) is the best universal value we have. Maybe you like crypto currencies better than gold? They are even worse than paper currency. More practical with many good features for sure, but not widely accepted. It is a future of money for sure, not just yet.

So far half of the world alows crypto existance, half does not. Actually cryptos are outlawed in many places. Well, that is a story for another day. Maybe this one: https://medium.com/@zack_canada/monkey-wrench-in-the-bitcoin-wheels-7abf32b6ada7

Zack P.

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Zack P.

Located in Stoney Creek, Ontario, Canada. In security business for the last 30 years. Specialty: smart card applications for the real world. Loves gold & silver