as on the books, but it is no longer in the vault. Its an unsustainable manipulation or deception, and when it ends, gold will skyrocket. Ted Butler has also written great things about the excessive short position in the futures markets. When that manipulation or deception ends, silver will skyrocket. And I mostly agree. But I want to talk about the biggest fraud of all, the biggest deception out there. The biggest deception is so big, it has warped the thinking of most everyone in this room, even myself. This deception of what money is, is so dangerous, it can cost you your lifes savings, or even your life. If you think money is a mark, or image, it can cost you your life. Revelation 13 speaks on the mark of the beast, which is needed to buy and sell. Now is not the time to speak on this in detail, but on Sunday, I will give a presentation for 2 hours on the religious issues here. There is nothing more dangerous than an ignorant religious zealot who wants to force his views on other people. Im devoted to God, and Im ignorant about a lot of things. But Im getting to know money fairly well; because Ive studied it, and Im good at managing it. I would be much smarter than I am, if it were not for all of the stupidity in the world; especially my own. (I failed to use proper tone and/or beat, and was looking at my notes when delivering that line. The audience was silent, and did not laugh as I had hoped, and I had to move on.) PEOPLE TODAY DO NOT KNOW WHAT MONEY IS. Ive struggled to define it; over several years! Some say what you spend is money, or that you buy things with money. Or that currency is money. Others say the dollar is defined as a certain amount of silver in the constitution, and thats it; nothing more. The definition of words changes over time. But essential concepts and truths do not. Remember, the words for silver and money are the same in many languages. Please give me your attention while I talk about the Desirable features of money, my definition that Ive been working on. To function as money, a monetary item should possess a number of features: To be a medium of exchange: * It should have liquidity, and be easily tradable, with a low spread between the prices to buy and sell, in other words, a low transaction cost. * It should be easily transportable; precious metals have a high value to weight ratio. This is why oil, coal, or water are not suitable as money even though they are valuable. * It should be durable. Gold or silver coins are often mixed with 10% copper to improve durability, and coins are made with ridges around the rim to prevent coin shaving or debasement. To be a unit of account: * It should be divisible into small units without destroying its value; precious metals can be coined from bars, or melted down into bars again, with a low percentage cost. This is why leather, or live animals are not suitable as money. * It should be fungible: that is, one unit or piece must be equivalent to another, which is why diamonds, works of art or real estate are not suitable as money. * It must be a specific weight, or measure, or size to be verifiably countable. You must be able to weigh, measure, and count, your unit of account! To be a store of value: * It should be long lasting, durable, it must not be perishable or subject to decay. This is why food items, expensive spices, or even fine silks or oriental rugs, are not generally suitable as money. * It should have a stable value. * It should be difficult to counterfeit, and the genuine must be easily recognizable. To be anonymous: * Money should not be subject to government tracking * It should be useable for purchases in a black market * It should not require equipment, tools or electricity to use * It should not require a mark, or image, to be valuable, but rather, be a just weight, and measure. So, if you want to MAKE MONEY, YOU SHOULD TRY TO ACQUIRE THINGS THAT HAVE THE ABOVE CHARACTERISTICS! I think silver is best, especially because silver is cheap, and will be a great store of value. When I compare things, I compare fundamentals. There are two ways to approach the fundamentals: first, the supply and demand: and second, the nature of the thing. So, for two items, silver and dollars, thats 4 areas of study (in addition to the study of money that we just went over): supply and demand of silver, and of dollars, and the nature of silver, and of dollars. 1. Let’s look at the nature of silver. Like gold, silver has all the properties of money, that we just examined and defined, above. SILVER, SINCE 2003, HAS BEEN A GREAT STORE OF VALUE; actually increasing in value at a much faster rate than
Posted on: Mon, 07 Jul 2014 00:46:16 +0000
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