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<p>[QUOTE=&quot;longarm, post: 2373818, member: 76717&quot;]Gold/Silver is CASH, and in a proper note system, notes certify a real quantity of gold/silver. However, we don&#039;t have a proper note system, but a system where government promises are printed as fiat notes, and it is confidence in government&#039;s ability to redeem those promises that &#039;backs&#039; those notes. In our pure-fiat system, nothing is considered &quot;cash&quot; but dotgov debt scrip, and the system is failing b/c the government has printed so many of these promises that confidence is failing in its ability to back those promissory notes with its taxation of future labor. The term &quot;cash&quot; has been deliberately corrupted in our economic system, to mean government promises printed on fiat. (The steps below treat gold/silver as the hard cash it is, and treat dotgov fiat as, well, NOT cash.) This definition is the first thing to get straight, and then the rest becomes clear.</p><p>SO, step 1, in a fiat system, don&#039;t acquire gold/silver unless your hands are strong enough to keep it. If you have to trade it back for a bunch of fiat, then all you have done is use your REAL cash savings to support the fake system a little longer, and someone savvy with strong hands (such as, oh, say, a guy from China) winds up exchanging a bunch of fake fiat for this hard cash. (Using it as cash for other investments such as land isn&#039;t a bad idea, BUT a pure fiat system necessarily undervalues cash, so do this ONLY if you are comfortable with overpaying for that land/other investment by a degree measured by how much fiat has been printed into the pricing system.)</p><p>Step 2, timing is everything. Wait until the fractional reserve fiat tumbles down from its own unsupported weight. (Again, if you sell your gold into a fiat economy, you are nothing but a trader and may as well be trading ETFs, since your REAL cash has just been swallowed up by the black hole of fake fiat.) Fiat currencies must be replaced by some degree of asset backing. So, your strong hands should not let go of your real cash savings until the bad currency (fake cash) falls to earth and is replaced with a proper asset-backed note currency system.</p><p>Step 3, when the asset-backed currency replaces the dotgov-fiat currency, THEN you allow your asset to be officially valued according to this system (that is, insofar as you have confidence in the government&#039;s ability to value it adequately). For some, that will mean using their cash (gold/silver) to buy other investments such as land, or art, or stocks, whatever. The cash is real, so you better be using it for real assets. For others, they may want to hang onto these same cash savings, either for retirement or medical emergency or capital expense someday, or just b/c they like banked savings. Some may still keep their gold/silver secret, if they lack confidence in government&#039;s ability to value it fairly and adhere to a fair valuation system. So its disposal in an asset-backed currency system is up to you, as the owner of your cash holdings.</p><p>Step 4, make sure you and yours, especially your kids, know the difference between cash and government debt promises. Make sure they know enough that the government does not get away with trying to tax your CASH SAVINGS, which of course, is your banked gold/silver.</p><p>Step 5, when the asset-backed currency falls back into government control and the government (inevitably) begins trying to dilute it back down to a pure fiat system, avoid letting their &quot;schools&quot; confuse your kids about the difference between real, hard money savings; and speculative investments of any kind; and the worst kind of currency, which is pure government promises printed on notes or issued by computer keystrokes, fake &#039;wealth&#039; created by counterfeiters out of thin air and backed by nothing but confidence in government&#039;s future power to tax. There&#039;s a good reason that &quot;full faith and credit&quot; is known as a &quot;confidence&quot; game.[/QUOTE]</p><p><br /></p>

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