Sierra Madre Precious Metals

February 14, 2014 ~ For the first time ever, the majority of Americans are scared of their own federal government. A Pew Research poll found that 53% of Americans think the government threatens their personal rights and freedoms.

Americans aren’t wild about the government’s currency either. Instead of holding dollars and other financial assets, investors are storing wealth in art, wine, and antique cars. The Economist reported in November, “This buying binge… is growing distrust of financial assets.” Continue reading →

NOTE: As has been known by me for many years, Herr Schacht was an ancestor of the Editor/Publisher’s tax attorney and accountant, Raymond Schacht of New York. (Ed.)

Hjalmar Horace Greeley Schacht

July 22, 2012 ~ I am an avid reader of monetary history. Of late I have been focusing on the monetary events of the 1920s and 1930s. By learning from the maelstrom that riled the global financial scene during those two tumultuous decades, I aim to better understand present circumstances because there are many similarities between then and now.

I’’ve just finished a fascinating book published in 1955 entitled Confessions of The Old Wizard. It is the autobiography of Hjalmar Horace Greeley Schacht, whose improbable name reflects his North Schleswig ancestry and his father’s admiration of an American newspaper editor. Continue reading →

Originally published on July 27, 2012

I remember a German farmer expressing as much in a few words as the whole subject requires; “money is money, and paper is paper.”

All the invention of man cannot make them otherwise. The alchemist may cease his labors, and the hunter after the philosopher’s stone go to rest, if paper can be metamorphosed into gold and silver, or made to answer the same purpose in all cases.

Gold and silver are the emissions of nature: paper is the emission of art. The value of gold and silver is ascertained by the quantity which nature has made in the earth. We cannot make that quantity more or less than it is, and therefore the value being dependent upon the quantity, depends not on man. Man has no share in making gold or silver; all that his labors and ingenuity can accomplish is, to collect it from the mine, refine it for use and give it an impression, or stamp it into coin. (Continue to full warnings…)

“C’mon T.C. – let’s git the gold out their teeth!”

April 11, 2011 ~ More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined.

If you want to understand better why so many states – from New York to Wisconsin to California – are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). Continue reading →