Paper to Paper: To Dust It Shall Return
Of all the ways to invest in precious metals, paper is the most common. Futures, ETFs, certificates of ownership in pool accounts, derivatives, loans and swaps…what the imagination can conceive paper dollars can buy. Why would an investor care that his gold or silver is no longer in a pool account – that it has been lent out to be sold into the market and used against him? He may still make a profit on it when prices rise. He doesn’t worry about taking physical delivery. Who needs the expense and hassle of storage fees and moving heavy bars of metal from one place to another?
It is perhaps this aspect of gold and silver investment that is most disturbing. The ease and speed with which paper is traded today can be a blessing or a curse. It goes right back to the idea that the whole purpose of trading in markets – any market – is to bag a quick dollar profit. Nothing wrong with that, if that’s all you want. You take the risk that your paper will end up worthless.
But for those who claim that gold is real money, that silver is real money, that honest money is the only way to build a truly strong and enduring economy, this is not the way to invest. This is not the way to prepare for an uncertain future. We are dealing with bankers and thieves here, with crooked politicians who would sell their souls down the river for re-election. We are up against collectivists who would tax us to oblivion to further their socialist agenda.
The true Patriot always fights with strong weapons. Time is running out.
