An expose’ of the Pirates of the precious-metals underworld and how you can truly protect your ass-ets – from them!
What you about to read is excerpted from a a series of emails, which I began to receive on the evening of January 18, 2006. Due to another lengthy e-mail exchange, which has took place during October of 2007, and we chose many years ago to re-post this lengthy column – hoping to save others from similar fates.
If you are not familiar with gold and silver or the so-called “Rare Coin” market (which is loosely aligned with it), nor some of the reasons why these goods are sought after all over the world, then this column will have little meaning to you, however it is our intent to educate you as to the pitfalls of what some call, “the Industry“. What follows his inquiry, was my response to him. – J.B.
The government, federal or otherwise, has no business model because it is not a business. We know this at the outset because government does not compete in the market for people’s money, as every other business must do. With a monopoly of violence, it seizes the money it wants through taxes and monetary inflation. As long as the government doesn’t get carried away by taxing and inflating too much, most people – many of whom call themselves libertarians – regard this setup as necessary. 
According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in his textbook on money and banking. “[M]oney … is used to measure value in the economy,” he claims. “We measure the value of goods and services in terms of money, just as we measure weight in terms of pounds and distance in terms of miles.” 
In recent years, “van life’, “car life” and “tiny homes” have all become extremely hot topics on social media. Millennials and Generation Z have been particularly eager to try out these “minimalist” lifestyles. At a time when home prices have risen to absurd levels and the cost of living has become 
The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for the fourth quarter.
J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.”
It seems like everywhere you go people are talking about Gold and Silver. Why would people care so much about what some people call a “
Markets closed 2023 with the strongest rally for equities, bonds, gold, and cryptocurrencies in years. The level of complacency was obvious, registering an “extreme greed” level in the Greed and Fear Index.
