By SD Contributor SRSrocco:
GOLD & SILVER = MONEY
ENERGY = MONEY
GOLD & SILVER = STORED TRADE-ABLE ENERGY
Gold & silver will be some of the best stores of value going forward, because they are stores of trade-able energy. Not only will gold and silver protect ones wealth from the ravages of monetary debasement… but also from the increased costs of energy as well as future shortages.
I have had some very interesting email exchanges from some of those who attended the 2013 Virtual SilverSeek Conference. Some of these folks are HIGHER-UPS in the industry.
While some asked questions, most where quite surprised of the connection between precious metals and energy. I mean… they were surprised that they didn’t make the connection before.
Some folks who are strict followers of the School of Austrian Economics… such as Peter Schiff, fail to understand the energy component of VALUE.
These same folks get stuck on the MARXIST Labor Theory of Value. Because it came from an individual who was known for being the farther of MARXISM… they get a sour taste in their mouth. Again, Adam Smith (Wealth of Nations) was writing and talking about the labor theory of value a century before Marx, and the Greeks and Romans were conducting trade with the same labor theory of value 2,000 years before those two gentlemen.
I despise ALL ISM’s.
Its like professional football. As soon as a person picks a team… then the other team is the BAD GUY.
Anyhow… gold & silver will be some of the best stores of value going forward, because they are stores of trade-able energy. Not only will gold and silver protect ones wealth from the ravages of monetary debasement… but also from the increased costs of energy as well as future shortages.
Nice to see Gold & Silver shoving it in the face of the paper traders today…
GOLD & SILVER = MONEY
ENERGY = MONEY
GOLD & SILVER = STORED TRADE-ABLE ENERGY
Gold & silver will be some of the best stores of value going forward, because they are stores of trade-able energy. Not only will gold and silver protect ones wealth from the ravages of monetary debasement… but also from the increased costs of energy as well as future shortages.
I have had some very interesting email exchanges from some of those who attended the 2013 Virtual SilverSeek Conference. Some of these folks are HIGHER-UPS in the industry.
While some asked questions, most where quite surprised of the connection between precious metals and energy. I mean… they were surprised that they didn’t make the connection before.
Some folks who are strict followers of the School of Austrian Economics… such as Peter Schiff, fail to understand the energy component of VALUE.
These same folks get stuck on the MARXIST Labor Theory of Value. Because it came from an individual who was known for being the farther of MARXISM… they get a sour taste in their mouth. Again, Adam Smith (Wealth of Nations) was writing and talking about the labor theory of value a century before Marx, and the Greeks and Romans were conducting trade with the same labor theory of value 2,000 years before those two gentlemen.
I despise ALL ISM’s.
Its like professional football. As soon as a person picks a team… then the other team is the BAD GUY.
Anyhow… gold & silver will be some of the best stores of value going forward, because they are stores of trade-able energy. Not only will gold and silver protect ones wealth from the ravages of monetary debasement… but also from the increased costs of energy as well as future shortages.
Nice to see Gold & Silver shoving it in the face of the paper traders today…