The War On Cash Is Irrelevant If You Own Gold And Silver

Monday, February 22, 2016
By Paul Martin

SilverDoctors.com
February 22, 2016

Lost in the fog of fear over the War on Cash is the obvious alternative: gold and silver coins.
Worried about the elimination of $100 bills because it makes it harder to accumulate and safekeep meaningful amounts of cash? An ounce of gold stores a lot more wealth than a $100 bill.
Currently one roll of silver eagles is worth more than three $100 bills.
Whatever measures the Government takes to implement capital controls and increasingly exert more control over your life can be offset if you move as much cash as possible out of the system now and into precious metals.

Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics:

The fear porn headlines are beginning to flood the alternative media blogs. Everyone is warning about the growing “war on cash” and negative interest rates. Yes, it’s inevitable and all the reasons why Governments prefer a digital currency to cash are obvious. First foremost is that it is the bridesmaid to the Totalitarian creep engulfing our system.

But lost in this fog of fear is the obvious alternative: gold and silver. Worried about the elimination of $100 bills because it makes it harder to accumulate and safekeep meaningful amounts of cash? An ounce of gold stores a lot more wealth than a $100 bill. Currently one roll of silver eagles is worth more than three $100 bills.

Negative interest rates? Big deal. Over long periods of time the relative value of gold accelerates vs. all other currencies when real rates are negative. When the Fed takes nominal rates negative the price of gold/silver will begin to go parabolic. Will that happen immediately? Of course not. The Fed will try to cap the price movement of gold with B-52 payloads full of paper gold. When this happens, take as much cash out of the banking system as possible and convert it into physical gold and silver bullion coins.

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