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07/28/2005 Archived Entry: "Free People Protect Themselves"
Free People Protect Themselves
by guest blogger Silver.
I stopped at the Post Office this morning and picked up a very small but pleasantly heavy package. The price of gold dropped below $420 on July 15 and again on July 19th; I bought. I've been saving steadily and "buying the dips" for a few years now. The friendly folks at The Camino Company took my personal check and mailed a small stack of bullion coins.
What does this have to do with freedom? Freedom has many aspects, but one of the most important is private property. What's mine is mine, to keep or use or dispose of as I see fit. The consensual mass hallucination that we call paper money cannot be kept safe from thieves. A stack of FRNs in a bank vault loses its value over time. Lying weasels like Alan Greenspan create more at will, and the criminal Congress routinely steals from savings accounts via the hidden taxes of inflation and deficit spending.
Ron Paul, the only honest man in Congress, recently asked Alan Greenspan about the role of gold in Central Banking, while noting that the Fed has inflated the money supply a factor of twelve (12!) since abandoning gold in 1971. Greenspan lied, of course; he seems to have lost the capacity for speaking truth shortly after he penned his infamous essay Gold and Economic Freedom.
Nick Barisheff takes another crack at this important topic in Protecting Your Savings From Inflation. As the empire disintegrates before our very eyes, buying gold is one very important way to both protect yourself and withdraw from the evil and bankrupt system that confiscates wealth from the poorest and most vulnerable among us.
Posted by Silver @ 08:54 AM CST