|SKULLTRIPPER: BLOG OF DOUG|
global economic and political issues
You're ten years old and sitting at your desk, wishing with all your heart you were anywhere but in the most boring language arts lecture to which a human has ever been subjected
You risk a glance out the one small window and notice some tall grass blowing in the breeze. Your mind drifts out, away from the wretched indoctrination centre and over the open prairie to the sea. An island, a Sandy island with pirates all about. Pirates with shovels burying a large wooden crate filled with what?
Plastic Canadian 20 dollar bills with Queen Elizabeth in her finery?
Not bloody likely!
No, it's filled with jewels of course, and silver and gold, silly! If it were full of plastic bills in a few years they'd all be worthless because of govt-driven inflation, and what real pirate doesn't know how that scam works?
And that's the point I want to make! How is it possible that a one ounce silver coin can be had for 20 bucks and a cup of coffee? Hasn't every kid dreamed of finding a chest full of silver and gold coins? And yet we deposit digital currency in the bank where inflation immediately begins eroding it's buying power. Worse, should cash be declared illegal, (as certain notes notes were recently in india) your stack of Queen Elizabeth's between the mattresses would not even make good toilet paper!
Why is silver so cheap? Is it because there is tons of "paper silver" out there? So much so that if everyone determined to collect the physical silver at once there would be a LOT of disappointed faces in the room!!
No matter what happens to paper money, property titles, silver certificates and all paper claims on any sort of wealth, physical silver or gold should always have real intrinsic worth, all the more so as it is being consumed in jewelry and electronics as a super-conductor.
Old Chinese proverb I just made up: Ten-year-old not so dumb! Maybe should listen to him!
Well, just let me say I've definitely taken the road less travelled. From a farmkid in Saskatchewan to commercial fisherman, welder, machinist, log builder, wilderness tourism guide, Ive got a wealth of memories but still often manage to forget some pretty basic things! I currently operate a fishing charter/canoe trip business in the southern yukon. Check my site! http://www.nisutlinoutfitting.com Oh and by the way, opi