Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
April 4, 2016
Gold – everlasting, beautiful, money.
This video, from the Financial Times is a perfect example of the miseducation, the conditioning, I’ll
even say to go so far as brainwashing about gold that has taken place. A lot of
things people think they know about gold are completely wrong. The important
things you should know about gold are very much unknown to most people.
For the past 100 plus years the Federal Reserve has
conducted a campaign against the virtues of gold. First, in 1933 using the
Office of the President, they stole our gold through
Executive Order 6102.
After this rather unsuccessful effort the real campaign
began. Sometime after World War II the word “gold” was, basically, eliminated
from everyday language and conversation. Yes, people in the Western world,
still discuss gold when the subject of jewelry is brought up, but people don’t
really understand gold and why or how it functions as money. Make no mistake
about it, gold is money even today. If gold is not money then explain to me why
central banks, around the world, including the United States central bank, the
privately owned, Federal Reserve stores physical gold and accounts for it, as
an asset, on their accounting ledger? The cost of storing gold is no small
expense, especially if you are talking about a storage facility like Fort Knox.
To be 100% clear, gold is money, period.
Why is gold money? There are plenty of good reasons why gold
is money. One of them is: what else could be money? You’re not going to want
something that’s radioactive; you’re not going to want something that dissolves
in water; you’re not going to want something that’s impossibly scarce, you want
it to be scarce but not too scarce. You don’t want a gas that’ll go up in the
sky. ~Jim Rickards
China has been promoting the ownership of Silver and Gold to it’s
Citizens since September 2009. Silver is money and has been used as money
longer gold. Why would China encourage their citizens to acquire physical
silver and gold? What do the Chinese know that the U.S. does not? Well, both
are money and the Chinese government understands the U.S. dollar will not be
used outside the United States very much longer. Therefore, the citizens of
China are being taught, by their government, to protect their wealth from a
currency crisis. What has the United States government taught it’s citizens
about wealth, savings or a currency crisis? Anyone? Anything?
We’re Being Herded Into Digital Pens to be Slaughtered with
Negative Interest Rates ~Jim Rickards'
Let’s listen to former President, George W. Bush, teach the
people of the United States how to handle money and the economy –
Yes, that’s right, the President is teaching us about the
economy and how we should “go shopping more”. Spend, spend, spend. What ever
happened to save, save, save? Anyone remember “a penny saved is a penny earned“?
We never hear any wisdom about the economy, money or the virtues of saving. You
do remember what a virtue is, right?
When I sat down to discuss the economy, gold and global
events with Jim Rickards,
Agora Financial, we peered behind the curtain to see what
China and Russia are doing, individually and collectively.
There is a subject that is so far off the radar by the
mainstream media, independent media and, basically any media in the West
that Mr. Rickards was somewhat surprised when I ask him about it. The Shanghai
Cooperation Organization (SCO) is one of the most important developments in the
last fifty years. This plan, which encompasses over 50% of the global
population and over 70% of the natural resources on this planet, has been
completely overlooked, with few exceptions, for many years.
China and Russia sit at the head of this gigantic
organization and the implications for the West are many and far reaching. The
monetary infrastructure, that is already in place, has the capacity to make
void all Western world banking, financial and economic activity. The strategic
alliance the SCO represents has the exact same implications regarding
geopolitical situations and war. Look at how Russia developed a plan, executed
that plan and was able to cripple “ISIS” in five months. The United States and
it’s allies have been unable to accomplish this goal in fifteen years!
That’s a force to be reckoned with. What makes you think the monetary infrastructure
that China and Russia have in place can’t accomplish the same goal on the
“monetary battle ground”? While we continue ignoring the most significant
monetary and strategic developments, in our lifetime, we are only fooling
ourselves that tomorrow will function the same as today. Tomorrow is already
here, we just haven’t awakened to hear the news.
Let’s listen in and allow Mr. Rickards to give the details
on gold, the SCO and what this means to all of us in the coming years.
The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
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