MONEY: Save but in things that will retain their value

https://www.zerohedge.com/markets/evil-root-all-fiat-money

Evil Is The Root Of All (Fiat) Money
BY TYLER DURDEN
FRIDAY, DEC 03, 2021 – 09:40 PM
Authored by Egon von Greyerz via GoldSwitzerland.com

*** begin quote ***

“So you think that money is the root of all evil. Have you ever asked what is the root of all money?” -Ayn Rand

Money used to be a stable medium of exchange and a store of value but that was in the days when there were sound monetary principles, mostly backed by gold or silver.

*** and ***

But these are the consequences that history teaches us time and time again. But sadly everyone thinks it is different today.

Since every currency system in history has collapsed, it is quite a certain bet that this one will too.

For the few who have savings, wealth preservation in physical gold and silver is essential as insurance against yet another failed currency and financial system.

And for everybody it is important to remember that the most important things in life are family and friends. Helping others in difficult times is critical.

Remember also that many wonderful things in life are free, conversations, books, music and nature.

*** end quote ***

At this time of peace and joy, let’s prepare for the 7 years of “famine” ahead. 

Buy some commodities and stash them away for the future.

Vote with your wallet when you spend “dollars” and vote your politics considering your wallet.

—30—

 

MONEY: Save all nickels

http://lewrockwell.com/schiff/schiff190.html

Ditching Before the Fiscal Cliff
by Peter Schiff

*** begin quote ***

Turn on the TV and this is what you’ll hear: The US budget is heading for a fiscal cliff. If a deal isn’t reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression. There is no escape.

*** and ***

Those buying into physical gold and silver see this inevitability and are getting prepared. We believe there is no sense playing Russian roulette with our savings. Every time Washington raises that debt ceiling or announces another stimulus, it’s like one more click of the trigger.

*** end quote ***

OK, I get it. Everyone thinks I have a tin foil hat.

Talk to anyone who lived through the German pre-WW2 hyperinflation or the Great Depression. Or even the Carter inflation of the 70’s.

I get it. Buying Gold and / or Silver bullion is way out there on the lunatic fringe.

OK, how about accumulating “poor man’s gold”. Nickels?

If you won’t ask for a roll every time you go to your bank, then just don’t spend them when you receive them in change.

I have a couple of boxes on both my nightstands. If during the day, I get nickels in change I put them in my back pocket. When I get home, they go into the box and the “junk” goes into the “recycling bag”. (I take my change often anytime I go to the bank.)

Argh!

So here’s the gist of this money rant: (1) save all nickels; (2) consider buying bullion; but (3) don’t buy what you see advertised on TV. (Someone has to pay for the ads. Guess who? U!)

See you on the other side.

# – # – # – # – #