Manarin Investment Counsel, Ltd.

If we don’t like a product one company offers, we can instead choose to use the product of another company. This competition forces accountability for both companies. The federal government allows no such competition for currency. We’re stuck using the dollar and stuck with its value being tied to the whims of bureaucrats who manipulate it to achieve their own goals.

 What if we weren’t?

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Sound familiar? I’ve been saying this for 35 years!

http://www.businessinsider.com/warren-buffett-the-investment-everyone-thinks-is-safe-is-actually-the-riskiest-in-the-world-2012-2?utm_source=%23frankguillen&utm_medium=twitter&utm_campaign=FrankGuillen+Buzz

http://finance.fortune.cnn.com/2012/02/09/warren-buffett-berkshire-shareholder-letter/

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Please enjoy this letter from the portfolio manager of one of the gold funds that we recommend. Some intriguing thoughts here about the structural issues in the global economy today. We maintain our use of gold as a hedge position in our portfolios, not as a speculation or investment.

Click Here to read.

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The Wall Street Journal has a good piece running right now showing how abandoning the gold standard has destroyed our purchasing power over time.

http://online.wsj.com/article/SB10001424053111904007304576494073418802358.html

Also

http://news.yahoo.com/nixons-colossal-monetary-error-verdict-40-years-later-140035743.html

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I  recently appeared on the “Goldstein on Gelt” Israeli radio show to discuss the role of gold in your portfolio. Click Here to listen to the show.

You can hear past episodes of the Goldstein on Gelt radio show at their web site here.

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Today's floating currency system is a mess and subject to manipulation. The gold standard still matters.

http://www.forbes.com/forbes/2011/0411/opinions-nathan-lewis-capital-flows-gold-still-matters.html

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Just how much is your money actually worth? Learn how inflation and currency printing affect your assets.

http://mises.org/daily/5051/Inflation-and-the-Value-of-Gold-Explained

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As we face the future, the prognosis for the dollar and for the international monetary system is grim indeed.  Until and unless we return to the classical gold standard at a realistic gold price, the international money system is fated to shift back and forth between fixed and fluctuating exchange rates, with each system posing unsolved problems, working badly, and finally disintegrating.  And fueling this disintegration will be the continued inflation of the supply of dollars and hence of American prices, which show no sign of abating.  The prospect for the future is accelerating and eventually runaway inflation at home, accompanied by monetary breakdown and economic warfare abroad.  This prognosis can only be changed by a drastic alteration of the American and world monetary system: by return to a free-market commodity money such as gold, and by removing government totally from the monetary scene.

Via the Ludwig von Mises Institute

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From Thomas Sowell -

"Gold has long been a source of frustration for politicians who want to extend their power over the economy.  First of all, the gold standard cramped their style because there is only so much money you can print when every dollar bill can be turned in to the government, to be exchanged for the equivalent amount of gold.

When the amount of money the government can print is limited by how much gold the government has, politicians cannot pay off a massive national debt by just printing more money and repaying the owners of government bonds with dollars that are cheaper than the dollars with which the bonds were bought.  In other words, politicians cannot cheat people as easily."

Read the full article here: Like Freedom, Gold Cramps the Pols' Style

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For more visit us at Manarin.com.

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