Physical things, are supremely important in our lives. Today, in the financial as in virtually every other aspect in our lives, physical anything, seems to have lost its importance. In financial matters, does anyone have a physical share of stock? There probably over 2 trillion shares of stock in over 6,000 companies, and after much searching, these both are too low, because the actual number of each, changes constantly…upwards. How many physical shares of stock do Americans have in their hot little hands? The answer happens to be probably zero.
How many actual bit-coins doe any of the millions of holders of them, have in their hot little hands?. Initially, there were 21 million, and never to be increased. But there are probably a billion holders of bit-coins. Where are they? Like shares of stock, billions of bit-coins, and maybe two trillion shares of stock, are simply COMPUTER ENTRIES. Not physical. Could hackers destroy the stock market or the bit-coin computer affairs? It’s a known fact that hackers could destroy our electrical grid. Why not bit-coin? The stock market, has already crashed a couple of times, and if it crashed again, your stocks would be valueless.
Remember this, and it’s no exaggeration: IN ALL OF HISTORY, NOT A SINGLE PAPER OR UN-BACKED MONEY HAS SURRVIVED. NOT A ONE. ALL ENDED UP BEING WORTH THE PAPER ON WHICH THEY WERE PRINTED. IN THE LAST 85 YEARS, THE DOLLAR HAS LOST 90% OF ITS PURCHASING POWER.
You wouldn’t write a critique of a restaurant, unless you had physically been there, would you? You wouldn’t buy a home unless you had physically seen it first, would you? You wouldn’t buy a new car unless you had physically seen it first, would you? When you go the super market, you physically look at, or handle every item you buy, don’t you? In days of “mail order brides,” when the gal got there, there was no marriage, unless both physically saw each other, correct? Would you buy new clothes, unless you had seen them physically first, would you? The same with furniture, sporting goods, antiques, or just about anything you can conceive. Physical is supremely important in all of our activities.
By far, the great majority of Americans have their futures based on nothing physical. Be it stocks, bonds, IRA’s, savings accounts or anything measured in dollars, which have already lost 90% of their value. What backs the dollar? NOTHING, except the “full faith and credit of the federal government.” The national debt is now $35 trillion dollars. The 2023 interest payment on that debt were $658 billion dollars. The government collected $2.8 trillion in taxes last year, plus a lot of other things. The government has spent $5.6 trillion so far this year. Add up the figures, and an accountant would easily decide that the U.S. government is totally bankrupt.
YOUR FUTURE IS DEPENDENT ON THE U.S. DOLLAR, NO MATTER WHERE IT IS STORED OR IN WHAT DEVICE, SUCH AS AN IRA, STOCK, BONDS, OR WHAT EVER.
Suppose the dollar acts like all other paper monies in history. Where would you be? Does this make you feel safe? After all, the U.S. government, like all other governments in history, can and does print un-limited amounts of dollars to pay its bills, which we cannot do. “The more of anything there is, the less they will be worth.” – Stott’s Law, and this includes dollars,
WHAT CAN YOU DO? Here’s an idea! SAVE IN SOMETHING PHYSICAL. Something you can hold in your hot little hands! Something universally known, loved, and trusted. Something portable and beautiful. How about gold and silver?
-Don Stott, don@coloradogold.com