|
As history has taught us all, only
gold and silver are money. They have universal
recognition and acceptance. By contrast, the Federal
Reserve Accounting Unit Denomination is not money; it is
a currency. A currency can represent money when it acts
as a warehouse receipt or certificate because that paper
will state: the amount of precious metal, to whom it is
owed, and how long the contract is valid. There is no
currency that represents true money at the present time
Fiat is a legal fiction and does not represent anything
of real value, except in one's mind. Yet around the
world, everyone believes their local currency is money.
Part of the problem is that most people measure the
value of gold and silver by their imaginary currency.
Basic understanding of the difference between money and
currency allows you to fully understand the massive
Ponzi scheme, which is aided and abetted by every
government guilty of perpetrating the fraud.
If it takes 1,400 fiat notes in the U.S. to purchase an
ounce of gold, and gold is revalued so that it takes
5,000 fiat notes to purchase the ounce of gold, it is
not the gold that has changed. Instead, the amount of
fiat has been devalued, which is why more and more will
be required to buy the unchanged ounce of gold.
If you own an ounce of gold, you can exchange it for
1,400 (approximately) fed notes by today's measure. When
the fiat is devalued overnight, your ounce of gold might
then be exchanged for 5,000 fed notes, as an example.
Your wealth will be preserved. This is why you want to
own and hold gold and silver.
Knowing the difference between money and currency is
paramount to one's financial well being in the days
ahead. I am fearful that too many Millenials know
nothing about the actual state of the global financial
system. The bank or credit union statement you view on
your phone or computer is even more unreal than the
paper currency that you may still think is money,
because anything in digital form only is highly
vulnerable.
If you want money and want to endure the economic
dislocation that is destined to come, you must own and
hold gold and silver. But, don't wait until the last
minute, you may not be too late, but you might be paying
more than you need to if you take action now. Further,
it may not be available in some locations.
If you're still wanting to buy Bitcoin remember, its
creators are faceless and anonymous, and you have no
idea if they are cyber-criminals or well-intentioned
people who are looking out for you. Is Bitcoin just
another tool, another penny stock, another empty shell
company, another currency? We know this is a hot topic
and emotions go hard on both sides of these questions.
In the fall of 2011, bitcoin was at $2. By December 2017
it had risen to almost $20,000. The classic
demonstration of a speculative bubble.
However, what nobody seems to be pointing out, is that
nothing whose worth is so inherently and unpredictably
volatile should be used as the basis for real-world
currency.
Repeat after me. Bitcoin is not money. Can speculating
in Bitcoin bring you more currency? Yes. Is Bitcoin a
Legacy Investment? Does it provide wealth or wealth
protection?
Discover How To Build & Protect Your Wealth
Please look over services and determine
what you want/need to find true financial understanding
and the methods, means, and mechanics to build and
preserve your savings. It only requires a part of your
savings, perhaps ten to twenty percent.
Then you can
sign up here for The
Morgan Report and gain immediate access.
If you prefer,
call our office to sign up at 480-325-0230.
Don't delay... once the panic into gold and silver start
you will have missed the boat.
Let my passion create your wealth,
David Morgan
P.S. If you are a Bitcoin fan, please ask
yourself this question - What would you do now if you
knew the ~ $20,000 top in Bitcoin was the final top?
|
