Silver Is the ONLY Asset that Is NOT Someone Else's Liability

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Before sending me an e-mail telling me I am wrong, let me admit it!! I am WRONG - silver is not the only asset that is not someone else’s liability. But some of the staunchest "Gold Bugs" have it wrong and insist that gold is the only asset. In fact, fully-owned lumber or land or even an apple orchard are assets, and again, if owned outright would be an asset without a liability.

Before moving on, I must digress and point out that silver is

• the ONLY asset that reflects light better than any other element

• the ONLY asset that conducts heat better than any other element

• the ONE asset, more than even gold, used as money—for longer periods of time and by more people throughout world history

The real rub is how silver will do in times of financial stress. Certainly we can look to history and find there are mixed results. Today, rest assured that silver is an asset coveted by investors as a safe haven. During the fall of the Twin Towers, gold rocketed up 7%, and silver, 11%. Yesterday, September 17, 2008, gold was up nearly $90, but on a percentage basis, silver was up even more. Let me be clear—silver does move up and down, and in percentage terms, the moves in both directions are greater. However, as the spiral down continues, many will seek both of the precious metals.

Conspiracy, no way!

Who said that?

Please read the following famous quotes from some of our most prominent historical figures.

"I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world . . . no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by opinion and duress of small groups of dominant men." Woodrow Wilson (He was the President that signed the creation of the Federal Reserve into law in 1913.)

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt." Henry Ford

"Fifty men have run America, and that’s a high figure." Joseph Kennedy, 1936

"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the Government ever since the days of Andrew Jackson." Franklin Delano Roosevelt, 1933