The Heroism of Owning Gold and Silver

Above, a 90% silver Morgan dollar and a 40% silver Ike dollar. Photo by Armand Vaquer.

Since the lunatics took over control of the federal government two years ago, we have been seeing the U.S. dollar shrink in value from Bidenflation.

I have been advocating investing in precious metals (gold and silver) as a hedge against inflation and in case the dollar collapses completely. 

Numismatic News has posted an article with the position that investing in gold and silver is an "act of heroism".

Here's a snippet:

To help maintain prosperity and financial stability, Americans need a stable monetary system. For many decades of America’s history, there was stability and rising prosperity as the dollar was fixed to the prices of gold and silver. Since the U.S. dollar linkage to gold was completely severed in August 1971 and no U.S. silver coins for circulation have been struck since 1969, the relative purchasing power of the dollar has fallen significantly.

The recent U.S. government’s extraordinary surge in the money supply, with the M2 definition of the U.S. money supply up 42.9 percent from mid-September 2019 to October this year and the Federal Reserve Bank balance sheet up 127.7 percent from mid-September 2019 to Dec. 1, 2022, is accelerating the devaluation of the purchasing power of the dollar.

While ownership of bullion-priced physical gold and silver coins and ingots may help protect someone’s personal finances, as it has done for countless people over history, such ownership may also help contribute to helping maintain the prosperity and financial stability of the nation as a whole. When considered from that perspective, owning gold and silver could be called an act of heroism.

To read the full article, go here.