Tuesday, July 26, 2011

The Inherent Truth in Gold and Silver

Some ideas come and go, but some remain entrenched in our consciousness. Why?

As human beings we have this ability to measure and weigh things and ideas in order to make decisions. Sensible ideas, weights and measures mean sensible decisions. Bad ideas or unjust weights and measures mean our decisions get skewed.

Skewed decisions are being made right now around the world. On this day, Tuesday, 26 July, 2011, the markets are in a holding pattern. They are somewhat confused and somewhat fearful about the next week ahead. Why? The reason the media say is because of the lack of progress on raising the US debt ceiling another $2,000,000,000,000 to around $16,000,000,000,000 (again, no apologies for the zeros). But could the real reason we are here in this muddle, be because of a lack of certainty in our decision making. Uncertainty caused by our current monetary system subject to the whims of the banking and political classes.

If we didn't have the possibility of just 'printing' more money, then the market would need to honour contracts entered into at the value they were created in. Not, as is happening now, attempting to inflate that value away in an underhanded way.

People in the street are becoming more aware of the truth about the current fiat money system. They know, by purchasing decisions, that reported inflation rates are untrue and they know the recompense for their labor is being eroded. But they don't quite know what to do. They are confused. Unjust weights and measures tend to have this effect. All untruth has an aspect of 'light' to it. It is difficult to sift out the dross to the top and dispose of it.

To fix this problem, many have advocated a return to a gold standard.

But it is not so much that any old gold standard would work. There are many variants of ideas on how to implement a gold standard. The question is what sort of gold standard would bring back true measureable value. If it is one that has anything to do with Central Banks and Politicians, then it will become unmeasurable and unweighable over time once again. If it is one that allows people to make free market decisons with their gold and silver as money, then we are likely to see true value and just measures return to commercial transactions.

Gold is as truthful a weight and measure as has been found over the past 6000 years. It is likely to be so again once these shenanigans with the fiat money system die off.

But don't be looking at that to happen too soon. Power is a very difficult idea to give up.

Gold in New Zealand dollars: $1866.30 per oz
Previous all time high: $1955.10 per oz

Silver in New Zealand dollars: $46.72 per oz
Previous all time high: $59.19
per oz

The Anglo-Far East Company
The Original Private Bullion Custodian
Your reference: an-001

No comments:

Post a Comment