Political Metals

In the “About” page, I listed 5 points forming the theme of this website, which was set up to share my personal experience in discovering that the debt-based financial world as we know it today is one gigantic Ponzi scheme. That it was designed to work against people who’ve expended labour to earn in excess of what they needed, saving that surplus for a time in the future when they could no longer exchange labour for the daily necessities of life.

The first of my 5 points was Do not invest in gold or silver. Own them in place of Fiat Money. 

Distinguishing between investing and owning gold (or silver) goes beyond semantics. It lies at the core of why so many are still reluctant to make gold or silver a part of their asset portfolio despite the financial turmoil and uncertainties surrounding them. Owning gold is not meant to make you richer. It protects you from getting poorer due to rising inflation.  It preserves what you already have - performing that critical function of money (Store of Value) better than any other forms of money available today.

The idea of not investing in gold is not my original idea. It’s a concept I learnt from many who’s been in this space long before I discovered that gold is money. The recent presentation given by James Turk, founder of GoldMoney, at the 2011 Munich DEG conference on 29th April 2011 explains this concept very eloquently.

Also reproduced below are some charts appearing in the video for your easy reference. (They were from a previous presentation made a few months earlier)

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Q&A after the presentation