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Silver and Gold as Money

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Operation Disclosure | By David Lifschultz, Contributing Writer

Submitted on January 25, 2021

SILVER AND GOLD AS MONEY

Compliments of the Lifschultz Organization founded in 1899

Tis to let the Ghost of Gold
Take from Toil a thousand fold
More than e’er its substance could
in the tyrannies of old.

Paper Coin-that forgery
Of the title-deeds which ye
Hold to something of the worth
Of the inheritance of the Earth.

(from the poem “Mask of Anarchy” by Percy Shelley)

Silver has always been talked about as a tech source. I do not see anything exciting in this study below relating to tech demand which usually relates to photography. See link below and attachment of silver supply and demand.

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The Reddit crowd apparently thinks they can break the hold on silver by the monetary authorities who watch gold mostly but have a concern about silver. Even Larry Fink’s BlackRock just sold their gold for silver.  I cannot see what they see other than the speculative trend. Is Fink following them?

The value of gold per ounce if we divide it against credit in the US outstanding is over 69k as shown below. This reflects gold backing to currency or otherwise there is nothing but a Bitcoin fraud which has no intrinsic value. Bitcoin is a tulipmania. It is surprising to us that Elon Musk was taken in by this fraud.

Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, and then dramatically collapsed in February 1637.  The 1637 event gained popular attention in 1841 with the publication of the book Extraordinary Popular Delusions and the Madness of Crowds, written by Scottish journalist Charles Mackay, who wrote that at one point 12 acres (5 ha) of land were offered for a Semper Augustus bulb.

The paper currency system which paper is valueless is based on collective insanity. The gold price is $1,780.00 which should be 38 times that if an ounce of gold divided by the credit outstanding in the domestic US market. The gold market and dollar are rigged like everything else on Wall Street but fundamentals always win in the end as Voltaire notes.

The 1729 quote from Voltaire “Paper money eventually returns to its intrinsic value — zero” is as true today as ever.

It is always manipulated by the central banks for it if goes to three thousand an ounce the whole dollar system might collapse in a dollar run once people realize it is worthless.

If a shopper were magically transported from the year 1900 to 2012, the $100 bill that he had in his wallet in 1900 would now be worth only $3.48! That is, $100 in 2012 would have the purchasing power that $3.48 had in 1900; $10,000 would be worth only $348 today. That’s a 96.4% decrease in buying power. Our shopper would consider current dollars virtually worthless. (Note: the calculations in the post were made using the inflation calculator introduced earlier this month.)  This almost parallels the decline in relation to gold and it is worse than it looks as the CPI has been falsified by removing from it products whose price rises so much it starts to be substituted by other products. This skews the inflation rate downward. The dollar is almost all gone.  The picture is worsens even more when you look at the gold behind the dollar using the unaudited gold reserves recorded to be Fort Knox and the New York Fed which are 8,133 tons or 260,370,000 ounces. If you divide these ounces into M-3 of 18 trillion you come to $69,132.38 an ounce.  

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David Lifschultz
THE LIFSCHULTZ ORGANIZATION
DAVID@LIFSCHULTZORGANIZATION.COM

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