Americans Totally Oblivious to Value of Precious Metals; Are You?
This post was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
You know, it’s funny. When someone is known to have a valuable treasure, everyone around them surely covets it. In fact, if it’s really really valuable, many would try to get their hands on it, perhaps by offering to trade for it, or even by trying to steal it outright. But as long as the owner knows the true value of their treasure, they’re not likely to let it go easily.
But therein lies the key to getting at that treasure. What if you were able to convince the owner that their treasure really wasn’t that valuable? What if you could trick them into thinking it was worthless, run of the mill, and just a beat up old piece of junk? What if you slowly deceived them into thinking their treasure was just a “barbarous relic”?
Perhaps you already know where I am going with this and have seen Mark Dice’s recent video of trying (and failing) to give away a 10-ounce silver bar on the streets of Encinitas, CA. Americans have been tricked into believing precious metals are not valuable.
Gold and silver used to be among the most valuable treasures around. Coins and bars of the metals were so valuable and useful that everybody had them, everybody coveted more of them, and everybody knew the precise value of them. Many years ago, they used to be the primary money of society, the economic lifeblood of civilization.
Amazingly, however, over the past century, the powers-that-be (*ahem* bankers) have essentially convinced the populace that gold and silver coins are ultimately impractical and just too old-fashioned. As such, they persuaded people to leave precious metals behind in exchange for promissory bank notes and certificates. At first these bank notes and certificates were links to the metal themselves — promises that one could redeem one’s metal with the paper whenever one was ready. But now the paper notes offer no link whatsoever to real money. They are now promises to pay nothing; they are empty.
So now this process of deception has pretty much been completed, at least here in America. The average citizen doesn’t really consider gold and silver to be that valuable. He doesn’t own any himself, and he doesn’t have the foggiest idea how much a 1-ounce coin of gold is actually worth.
This is not a coincidence. It’s exactly how the powers-that-be — particularly central bankers — want it. When it comes to real treasure, they want an uninformed, uninterested, ignorant and pliable citizenry they can lead around by the nose. This allows them the freedom to totally control the nation’s money (the US dollar) and use it however they want to further their own ends (mainly enriching themselves).
So remember, if you know the truth about gold and silver (that they are valuable treasure and true money), you are in the vast minority in this nation. As Mark Dice’s video shows, most Americans do not have a clue what true money is worth or even what it is.
But someday, as the US dollar and other fiat currencies begin to collapse under the weight of all their broken promises, the average American will wake up and suddenly realize he has been deceived into trusting a paper currency instead of real treasure. Then there will be an absolute stampede to get a hold of precious metals. It’s not a question of if, but when.
How valuable a treasure do you think gold and silver will be then?
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