Perspectiva económica: Doug Casey

Let’s look at the definition of what makes a good money. There are basically six characteristics. A good money has to be durable, divisible, convenient, consistent, have use value, and have a limited supply. Using those six key characteristics, gold ranks first, silver second, and copper third. That’s why those three metals have been preferred money throughout history. They were superior to seashells, salt, cows, paper, and other commodities. In today’s world, it makes sense to bring Bitcoin, which also satisfies those six characteristics into the mix.

Silver has always been a monetary metal, and it likely will remain so. A great deal of silver used to be consumed in photography and X-rays, until a generation ago, but it's hardly used there at all anymore. Digital photography has nearly replaced it.

About 850 million ounces of silver are mined every year, and about another 150 million ounces are recycled. The available supply of bullion, therefore, is about a billion ounces versus about 100 million ounces of gold. That's roughly a ten-to-one ratio on the supply side, although most of the silver is "consumed," whereas almost all the gold is added to inventory. Since 2019, silver has been in deficit. Roughly 150 million ounces a year have been taken from various stockpiles. That explains why its price has risen to a new base level in the $30 to $35 range, and has done better than gold, percentage-wise.

And while we're talking about silver’s unique qualities, it’s worth mentioning that gold also has unique metallic properties. It's the most non-reactive of all metals; gold doesn’t oxidize. It’s the most ductile, meaning it can be drawn into the thinnest wire of any metal. It’s the most malleable, meaning it can be beaten into the thinnest sheet of all metals.

Governments regularly claim that they favour tax reform. When this claim has been repeated so many times that virtually no one believes it anymore, they announce a tax reform to show that they really mean it. They then reshuffle the existing taxes to give the appearance that taxation will actually be lowered.

When it becomes apparent that the reform is a sham, they often pull a rabbit out of a hat in the form of a "temporary" tax that’s pre-legislated to end sometime in the future.

Sounds promising.

So, let’s have a look at one such temporary tax and see how things worked out.

The US government introduced the War Revenue Act of 1898—a tax on telephone use—under the claim that it was necessary to pay for the Spanish-American War.

In what way does telephone use pertain to a government invading another country? Well, actually, one has nothing to do with the other. But, let’s leave that discussion for another day and see how this temporary tax played out.

The Act was repealed in 1902 but was reinstated, this time as the Emergency Internal Revenue Tax Act of 1914. The justification then given was that another war was on the way, and increased taxation to pay for it couldn’t begin too soon. Telephone users needed to cough up.

For decades, a small elite has siphoned America’s wealth through reckless money printing.

Since 1971:

🔹 The dollar has lost 88% of its purchasing power
🔹 U.S. manufacturing jobs have been slashed nearly in half

This wasn’t an accident—it was by design. But now, something big is happening.

For the first time in generations, an administration is taking steps to dismantle this rigged system.

Treasury Secretary Scott Bessent’s recent comments signal a major shift—and the globalists are panicking.

Since roughly December 2024, some “unknown” buyer in the US has purchased 2,000 metric tons—64 million ounces. That’s almost 25% of all the massive gold stockpile supposedly held by the US government.