Invest in Reality - Invest in Gold and Silver

By: Ryan Jordan | Mon, May 5, 2014
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The misleading and fraudulent attempts by the usual suspects in the media this week to dress up disastrous economic news is typical for those who feed at the font of central bank largesse. The propaganda about an improving labor market will likely backfire on those propagating it, however, as it exposes a massive credibility gap between the Wall Street/ K Street version of reality and what is actually being experienced on the ground, by three quarters of the American population. Just to remind everyone, the labor participation rate actually dropped to a level not seen in 36 years (they conveniently buried that fact within the data this morning), while median wages, when adjusted even for biased government inflation figures, have stagnated for at least three decades. Meanwhile, energy, health care and education costs all continue to rise higher and higher, crimping many of the former middle class.

Those at the top had better start learning to read about ancien regime France- a world where an insular and out of touch elite made social tensions worse by not recognizing the need for genuine reforms to better aid their society. In our current day and age, we have the pampered aristocrats of the state-favored industries, living lives increasingly out of touch with the rest of society and then claiming that the forces that produced this state of affairs were natural, that there really isn't much that can be done to spread economic opportunity beyond those who already have it.

As I have written more than once, the public owes it to itself to at least see reality for what it is, and to reconsider leaving vast amounts of wealth with a system that is at least morally, if not financially, bankrupt. You have a choice regarding where to put your money. The vote for gold and silver, notwithstanding what one precious metal commentator recently referred to as the "cult" of metals investing, represents a clear-eyed, moral movement of people trying to take small steps toward envisioning a different society. This should be encouraged, not derided, since too many Americans live in a bubble of dissembling misrepresentation (like what we saw this morning concerning the recovery) that I firmly believe many will one day come to regret.

And reality marches on. Just this week, the Financial Times reported that China will soon pass the United States as the largest economy in the world - whether or not the rate of Chinese growth slows in the months or years ahead. The age of the dollar, while I don't expect it to come to an end tomorrow, is nonetheless coming to a close. The deflationary forces present in the global labor and capital markets remain, and there is increased uncertainty regarding whether or not globalization has hit some kind of plateau, however temporary. I should also add that for all of the bluster regarding cheap energy, the price of oil is stubbornly hanging around the 100 dollar mark.

Reality demands that people look at unconventional places to put at least some of their money. I believe that assets like gold and silver speak for a generation confronting head on the reality that earlier people ignored, and I believe that the spirit of the age belongs to those who learn to see beyond the self-serving spin claiming that everything is just fine.

 


 

Ryan Jordan

Author: Ryan Jordan

Ryan Jordan
Silver News Blog

Ryan Jordan

Ryan Jordan has been blogging about the precious metals since 2010. However, his interest in the precious metals markets spans nearly 20 years as both a coin collector and private trader. Ryan believes there is a lack of serious discussion of how undervalued precious metals like silver are, and he aims to explain the many reasons why people should take silver investing seriously without relying on hype, sensationalism, or scare-tactics. Ryan Jordan recognizes that assets like silver serve a dual function: one, as a real asset that can provide portfolio insurance as a non- correlated investment, and two, silver can appreciate significantly in a short period of time. Silver could be the best performing asset you could own, with or without a significant crash in the dollar, or other financial mishap. Ryan Jordan's articles have appeared at financialsense.com, gold-eagle.com, investing.com, jessescrossroadscafe.com, silverbearcafe.com, silverstrategies.com, wallstreetformainstreet.com and numerous other sites.

Ryan Jordan believes a historical perspective is absolutely essential for anyone trying to navigate today's financial markets. It is this unique historical perspective that he tries to work into his analysis of the silver market. Ryan received a B.A in History from the University of California- Los Angeles in 1998, a M.A. in History from Princeton University in 2001, and the Ph.D in History from Princeton University in 2004. His professional research involves the history of social movements, religion, and freedom of speech in American history. His two most recent academic books include: Slavery and the Meetinghouse: The Quakers and the Abolitionist Dilemma (1820-1865) and Church, State ,and Race: The Discourse of American Religious Liberty (1750-1900). As a peer-reviewed historian, his articles have appeared in The Journal of the Early Republic and Civil War History. Ryan has taught US history at all levels, ranging from undergraduate to graduate students, at Princeton University, Lafayette College, the University of California-San Diego, Mesa College and Palomar College. Currently he teaches at the University of San Diego and National University, in La Jolla, CA.

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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
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