The Morality of Gold and Silver
Many people talk about gold and silver as investments or hedges against inflation, but to me, it’s not just about protecting wealth or making making a profit; it’s about promoting the concept of sound money, which is morally correct.
If everyone used sound money (gold and silver), governments would be forced to use sound money too, and their purses would be restrained by economic reality. For example, if the Federal Reserve wasn’t able to create trillions of dollars out of thin air, the government would have a hard time funding illegal wars that most people oppose. Likewise, the government wouldn’t be able to fund wars at home (TSA, Homeland Security, police militarization etc.) because they would have to raise money for these operations with real money, instead of borrowing from future generations and taxing us with inflation. Imagine if Obama addressed the nation and asked everyone to pay an additional ounce of gold this month, so we could be sexually assaulted by the TSA at the airport. Imagine if he asked for three more ounces of gold, so he he could invade another turd-world country that has not attacked America. Imagine if he asked for two more ounces, so Homeland Security could purchase billions of rounds of ammunition to use for who-knows-what. Imagine if he asked for another ounce of gold to fund a massive database so the government could spy on you. He would be laughed out of office.
The reality of sound money would not only restrain governments; it would also restrain banks. Do you think banks would make high-risk investments and bad loans, like they do today, if they used gold and silver, instead of fiat funny money? Not likely. If real money was at stake, they would be much more careful with it. But there is no accountability in today’s system because the banks know they can always leverage more paper money. And even if their imaginary system crashes, they can always count on the government to bail them out.