I am all about the gold standard

For most of American history the gold standard was accepted, and people lived the life of sound money, with some exceptions along the way during wars. Even the Constitution of the United States refers to gold and silver tender. Gold limited government’s power and intervention, and gave hard working people more stability, and more security.

Fifteen years after the creation of the Federal Reserve, the worst economic disaster was inflicted on the American people and had a crippling impact worldwide. That was the Great Depression. The Federal Reserve does not follow sound money fundamentals, and never has. It can’t by nature of its being. It prints paper money, called fiat money, for whatever reason, and paper has no value of itself. Gold has always had value, through the course of history based on weight. Gold is predictable, scarce, easy to identify, strong, long-lasting.

When gold was used as the measure of the the value of money, there was less inflation, and economic disasters. Sure, deflation happened, but unlike what we hear, deflation is not a bad thing. People, companies, and government freely bought and sold goods using gold as the tool of exchange. Later, FDR, (the second Roosevelt as President) prohibited the use of gold for money and exchange, and took gold away from the people.

To me, the two worst Presidents in history, for their hatred, fear, or ignorance of gold, were FDR and Nixon.

Gold can again be realistically distributed to the people, and that would improve tye economy and make it healthier. Money can again be measured based on the supply and value of gold. It worked out so beautifully before the Federal Reserve got into the money business unconstitutionally.

What would I prefer, a wallet filled with dollar bills, or having gold that I can use in exchange or as an investment?

Hide gold and think sound money

There is a reason why gold has been a tool of exchange ever since the early human cultures. Gold is unique, scarce, durable, lasting, solid, easy to identify, and has held value throughout history. These are the characteristics that make a substance useful as money, or a tool of trade. Fiat money which much of the world uses today as the monetary system in economics, does not have one of these characteristics, not one. Fiat money, meaning paper, has no value innate to itself because paper is not rock solid, durable, lasting,unique, scare, since paper is printed in abundance, easily identified without societal education since there are so many uses of paper, and has not had much value through the course of history.

Gold has held importance in American history and growth. Explorers, discoverers, soldiers, and opportunists came to the new world of north, central, and south America in search of the precious, valuable metal: gold. Today, even with the rule of paper and the printing press actively creating fiat money, gold still is desired. More people have gold hidden away than we may think. Gold attracted many people to the California gold fields, Alaska, the Yukon, northern Georgia, and elsewhere, because, although the monetary system is not based on gold, deep inside the human element is the longing for sound money, which gold represents, and paper cannot. For thousands of years gold was used as money and freely used to purchase goods and services.People went shopping with gold, silver or other form of sound money. Governments were not easily able to spend money under a sound monetary system, with exceptions, when governments printed excess paper to pay for expansionist unfoldments, or military engagements.
Less government, meant less inflationary spending, and therefore more consistent prices in the marketplace for goods and services.
In the United States, gold brought an environment of entreprenuership and economic prosperity such that has not been experienced since leaving the gold standard. When Franklin D Roosevelt prohibited Americans from having any gold possessions, and therefore for the first time in American history, Americans could not make purchases with gold, people had to become dependent on a growing system of paper money, which accompanied America’s growing obsession with paper in general. We became a paper society, even though paper is not durable, solid, scarce and therefore valuable, like gold.
Government printed paper in abundance to use as money, and has been passionately doing so ever since. The results: inflation and out of control government bureaucracy.

Gold became legal again after Roosevelt, but the paper money printing presses kept running day and night. We got back onto a gold standard later on but Nixon in 1971, took the United States off the gold standard, and the United States has not returned to it since.

Inflation is the devaluation of the money supply caused by increased printing of fiat (paper) money. When government wants something, it can either tax the people or print more paper. The latter has always been easier for government to do,but also more deceptive to the population.

I have gone on searches for gold, with the goal of stocking up on it as security, and a form of exchange if gold is ever needed in my lifestyle. I have been on gold quests in Paraguay, Brazil, Aegentina, California, Colorado, New Mexico, and more recently, northern Georgia. Maybe I found my rightful share, but I will not say, and I will not say where I have it hidden. I will say that I have real estate in South America, and places I can safely hide any gold I find.

It is an individual’s right, even Constitutional right, to own and possess gold. The founding fathers of the United States knew the value of gold and silver, included a clause in the Constitution in support of gold or silver coinage, and encouraged a sound monetary system for the young nation. America was always more prosperous when gold or silver was the medium of economic exchange.

Regardless of law, I will not give up any gold I have or may find, and yes, I will be going on more gold hunts in the near future. I join the millions of other people today and in the past who know the importance, and value of gold as real money.

There is Gold in Tallahassee

There I has been a lot of talk about standards: a standard in customer service, a standard in accounting, a standard for our goals, a standard to follow in one’s career, a bible standard, a standard way of doing something, and yes, the gold standard.

For over 100 years the Unites States operated on a gold standard. Money could be redeemed in gold. Gold controlled government spending. Gold kept the nation economically under control and allowed for America’s early prosperity. For thousands od years gold was a standard currency in the world, but other metals were used as currency as well, chiefly, silver. Silver was also used as currency in the United States.

Then came the shocking switch to fiat money. That is paper money not backed by gold or silver. Then came the resulting debt, high inflation, government over spending at will (just print more paper) and greater taxation to pay for big government.

I long for the days in which we can return to a sound standard, such as the gold standard or bimetalism, in which two metals (gold and silver) form the money standard.

There are people in Tallahassee, Florida who are finding gold in the earth and holding on to it. The day of the dollars is coming closer unless we get back to soun4, solid money.