PART TWO AND THE ANSWER IS ....

 SILVER OF COURSE.

See the following taken off a reliable source on google:

Gold and silver became de facto money around 600 BC when they were struck in Lydian coins as stores of value used for trade. For over 2500 years, silver and gold monies have proven themselves as the ultimate monies.

Silver & Gold indeed have the best historic track records as money. These two precious monetary metals, by their inherent natures, are human beings’ most excellent monies.

Here are some historic and modern day essential qualities:

·        Proven Medium of Exchange;   Unit of Account;  Portable;  Divisible; Interchangeable;  Durable

·        Private; Default Proof; Naturally Limited in Supply; Millennial Long Stores of Value

On August 15, 1971 the world for the first time began operating on a 100% fiat currency reserve and faith based monetary system. This was the date when US President Richard Nixon cut the last ties between gold and the U.S. Federal Reserve note.

Today all physical and digital government issued currencies are fiat, their creation conjured by a computer and printing presses. Their values are based on people’s faith and confidence.

Fiat Currency has never permanently succeeded.

Above it mentions the year 1971 when Nixon cancelled the convertibility of the US Dollar into gold.  Before then the US Government would only deal with the Central Banks at a fixed price for gold at $35 USD per onze.  Once that relationship was severed...the price of Gold took off and today hovers around $1,800 USD per onze and the prediction is that it is headed much higher given the ever growing prevalence of Fiat Money. (i.e. Worthless Paper Money) and the fact that the world is awash in Debt.  Since 1971, Gold has risen in value some 5,000 per cent. 

So if I had purchased a pound (16 oz) of gold in 1971 @ $35 dollars per oz today it would be worth north of $22,000 in US Dollars.  If if and ands were only pots and pans...

The rise in the value of Silver though has been more muted and today can be purchased for under $25 USD per onze. And this despite the fact that Silver has a multitude of uses beyond just jewelry. 

It would take me too long to outline the many reasons why Silver is a much better investment than gold - but that said, one of the primary reasons is that it ...unlike Gold ...gets used up.  Silver is used in industry, in the medical field, in the military, in paints and primer, and in water purification etc..  This is of course in addition to its use in jewelry and as a precious monetary mineral.

If you have any doubts about any of this...I encourage you to do your own research on line. 

So just to be clear... as the nearest politician likes to say, I am not predicting Armageddon nor Apocalypse Now ...indeed, if that was to occur neither Gold nor Silver would be of much help to you...better to have reliable sources of water and food. 

Rather, I am merely suggesting that you treat Silver like any Asset you might acquire to add to your Net Worth like Real Estate, RRSPs, TFSAs, and the like. So add a line item titled Silver to your current Net Worth Statement. 

Have I sold you?

If so, the next question is where can one Safely and Efficiently purchase physical Silver?  

Sprott Physical Silver Trust

The Sprott Physical Silver Trust (PSLV) is managed by Sprott Asset Management LP. This is the youngest ETF in the physical silver group, opening in 2010. The average daily volume exceeds 1 million shares. PSLV is backed with physical silver held at the Royal Canadian Mint in Ottawa, Ontario. The fund charges an annual expense ratio of 0.45 percent of net asset value, plus an annual administrative fee of 0.20 percent of NAV. Each unit represents one-half of one ounce of silver and is redeemable for physical silver. According to the prospectus, redemption orders must be for at least 10 bars, each weighing approximately 1,000 troy ounces. Investors wanting to redeem less than 10 bars must wait until their redemption orders are combined with others to reach the 10-bar minimum, exposing them to fluctuations in silver prices.

It Closed Today at $10.41 Canadian and its range for the 52 weeks is between $9.51 and $10.41 Canadian. I roughly worked it out and 2.8 Units of Sprott PSLV on the TSE represents 1 onze of Silver on Deposit at the Royal Canadian Mint. 

Some of you might have thought I would have suggested the direct purchase of Silver but it comes at premium prices and you have to store it. Come the Apocalypse

you would probably like to have physical silver handy but again, in such a case you would more likely be in need of the basics of life.

Suggest you start accumulating some Sprott Silver .... Don't break the bank ...a few units here and there will soon add up.

As I See It...

'K.D. Bell'

The Pile On To Stamp Out Capitalism...

 A Very Interesting Article Appeared Recently in the Financial Post Entitled: The G-7 Plan to Build Back The State and was written by astute financial commentator Terrence Corcoran.

I am going to quote passages from his Essay but I too have been saying for a long time that Capitalism is under attack everywhere.  This is most surprising for two reasons:  First Capitalism has single handedly pulled the world up out of poverty and Second, Socialism and Communism have time and again shown themselves not to work.

China, not too long ago, was a poverty stricken country with starvation running rampant throughout.  It morphed its economy into a form of Capitalism and today sits 2nd behind the United States in Economic Size and quickly moving to first place assuming that it has not already achieved that status. China though has a problem, the Capitalism it champions is run 'top-down' by it's Communist Party Politburo.  Given this, it will eventually fail but more on that another time.

This fact though does have relevance to today's blog ...in that the Free World moving so decisively to Socialism too will end in failure and the results will not be pretty. 

With those uplifting thoughts ...back to Corcoran's Article.

Around the world governments are joining hands in a great campaign to stamp out market capitalism and replace it with a new model in which powerful corporations and governments clasp hands and take control of the economy and markets be damned.  Take for instance the headlong rush to Green ...again the economy be damned.

Even more scary, a quote from Carolyn Wilkins former deputy governor of the Bank of Canada ..."to fill the common good there is renewed interest in examining how the public sector can set the context to enable the private sector to do what it does best, all with the aim of enhancing public good."  In fact history shows well that the private sector does best when the public sector gets out of the way !!

Corcoran goes on... "the basic tenets of free-market economics have been under severe attack for several years from the World Economic Forum, Think Tanks, and the World's Academic Institutions."

Corcoran's Article then lists G-7 Initiatives designed to "overthrow the principles of capitalism and, free markets..."  

I mentioned above, that China is on a path to failure with its corrupted form of Capitalism but We here in the West are doing them one better...we will get to collapse even sooner by purposing working to destroy Capitalism. 

And to make matters even worse,  we are consciously doing this while we are flat broke.  Democracies have for years now been running Deficits, enduring Debt and Printing Money not even worth the paper it is written on...as the saying goes.  Covid has greatly exasperated the financial mess we all find ourselves in but we were well on our way down the road to financial ruin long before it. 

There was a time when we could rely upon Capitalism to come to our rescue but those days too are long gone.

So what can you or I do to see this reversed?  Sadly...nothing other than continue to speak out to the ever growing community of deaf ears.

But there is one thing you and I can do ...for ourselves that is.

More on this in my very next Blog.

As I See It...

K. D. Bell