I A few years ago, in a used book store, for a couple of bucks, I bought a large book with 2891 pages, titled “BARNES FEDERAL CODE,” Published by Bobbs-Merrill in 1915, and its sub-title says “Containing All Federal Statues of General and Public Nature Now In Force.” The book begins with statue # 1 and ends with #10,374, and includes everything the federal government did in 1915, including internal revenue, Indian Reservations, government pay, departments, tariffs, shipping rules, naturalization and immigration, national parks, money, agriculture and you name it. In 1915, there were 10, 374 federal laws. Today, there are probably millions, if they can be counted.
Today, taxes can’t be raised quickly enough, to cover all the federal expenditures, and things taxed, and I mean everything. Everything you eat, use, make, sell, or in anyway exists, is taxed. In the Civil War, both the North and South printed so much money, that both became worthless. In the revolutionary War, America printed so much money, called the Continental dollar, that it also became worthless.
In 2023, the buck has been printed so much, and the U.S. debt is so large, that the U.S. dollar has lost so much value, that when the book was printed, it is now worth probably 1% of its purchasing power in 1915. As A kid, I got quarter haircuts and bought quarter a gallon gasoline. And this was after WW I and WW II, were both paid for with paper money and debt. As a kid, I had never seen a hundred-dollar bill, and I grew up in my Dad’s drug store in Washington D.C., and handled a lot of money. Now, I carry a couple in my wallet. In 1940, he bought a new Plymouth for $650, and today a new pickup can cost over $75,000. Still, probably 95% of Americans save in dollars and dollar denominated things. The dollar, at ever increasing rates, is losing its value and purchasing power, and a grain of common sense, should indicate that it is foolish to save in them. Use them but for goodness sakes, don’t save in them, and more than you store water in a leaky bucket.
I’ll make this column brief, because the facts of the situation are utterly simple. Saving in dollars is absurd. Save in something other than paper money. Why save in gold and silver? Because both require capital, exploration, mining, milling, smelting, manufacture, and lots of machinery, technology, and cost to produce and distribute. Gold and siler have been real money in Biblical times, and ever since, in all nations in history, and are today.
If this makes sense in its totally simple and unavoidable way, why don’t you give us a call, and preserve your wealth at a cost of 1% or less, including delivery?
Don Stott- don@coloradogold.com.