Chart of the Day — Great Panther Silver

Yes gold (and other precious metals) may dip for a while. But that is NOT a loss of “value”. The misconceptioon is that gold is priced in dollars and thus of late has lost (a little of its) value. That is not the case though. DOLLARS are priced in gold by the community and recently dollars have appreciated due to the flight to “safety” and therefore gold has kept its REAL value but for a short while dollars have appreciated. However, thisis partly due to the looming threat of Greek bankruptcy or bond default. But just as a Californian bankruptcy would reflect badly on the “state of the Union” as a whole so would the default of on EU country, coupled with the rising interest rates and thus further destabilisation of the remaining over-leveraged member states, make investors wonder when sovereign default across the board is likely. Thus they wouldn’t commit themseves to bonds of longer maturity and that’s the beginning of the end when gold will magically “reappreciate” again in dollar terms, no matter how low other battered currencies then trade against it.

Thanks for the great informTION ON GOLD AND SILVER. i’M VERY INTERESTED IN THIS TYPE OF INVESTMENT
sINCERELY

In the U S Constitution the Founders granted the power to the Congress in Article 1 Section 8 to ‘coin money and regulate the value thereof.’ Again in Article 1 Section 10 one finds that States are to hold only “gold and silver coins as legal tender.”
To my way of thinking this means that even the so called legal tender laws subsequently passed by the Congress, which compel us to accept the paper currency, were unconstitutional.
The Founders made it clear that the Constitution itself would not guarantee the liberty of the individual citizens. There are those who believe that a limited government such as the Founders envisioned is impossible. One may sympathize with this contention when made aware of such abominations as the “implied powers” doctrine which enables the Congress to vote to do things not made explicit among the “enumerated powers” such as the creation of a central bank.
The first Secretary of the Treasury Alexander Hamilton persuaded President George Washington that this was so. It became fashionable for the Supreme Court to allow anything considered to be in the interest of the country by the Congress to be upheld as constitutional. Notice that the judge of the interest of the country was the very same entity which was seeking the power in question.
Randy E. Barnett wrote Restoring the Lost Constitution in 2004. A review of it appears at the http://www.mises.com site of the Ludwig von Mises Institute in which the reviewer argues that from a libertarian perspective a limited government becomes impossible. Here is the link: http://mises.org/journals/jls/19_2/19_2_6.pdf

You will enjoy exploring and reading the books and articles at the Mises site because they are so lucidly written. Virtually all of Ludwig von Mises’ books are there to be read free of charge. As well you will find the works of the eminent economist Murray Rothbard who wrote The Case Against the Fed, The Great Depression, Man Economy and the State, and many other insightful and enlightening works.

The only way a Constitutional Republic could be sustained with the liberties guaranteed as the Founders intended would be if the majority of the citizens were aware of and in favor of individual freedom and a limited government. Now the Supreme Court justices are political appointees and respond to the desires of the political parties using sophistry to grant whatever is wanted by the Senate and the House. Just explore the efforts of Bob Schultz to have the Supreme Court do its job and review the last ten words of the First Amendment: http://www.GiveMeLiberty.org. Instead he was accused of engaging in a tax evasion scheme by the Federal attorneys. The Right to petition the government for redress of grievances has never been reviewed by the Supreme Court. Consequently there have been no responses to petitions asking for the Congressman to admit or deny that they have done such things as gone to war without a formal Congressional declaration of war as called for by Article 1 Section 8.

Fortunately there is a pro freedom movement alive and well and growing called the Campaign For Liberty which now numbers in excess of 227,730 and its sister organization is the Young Americans For Liberty on over 170 college campuses and also growing.

http://www.campaignforliberty.com
http://www.YALiberty.org
Join us in enlightening ourselves and our neighbors as we intend to replace those politicians who ignore their oath to preserve the Constitution with those who will keep the oath.