silver-coin-investor.com / Jeffrey Lewis / May 22, 2014
The particularly ruthless destruction of wealth that disproportionately have an effect on the poor and elderly is a process that slowly, then all at once, destroys the middle class – which has its roots in the debasement of money.
This is as pervasive today as it was in the days of coin clipping.
Monetary debasement is an ongoing and fluid process, although Greshem’s law allows for some filtering. Yet monetization of monetary metals is alive and well.
Of all the barriers to entry a physical silver investor must face, perhaps none is more egregious as those that have evolved in the United Kingdom silver market.
Manipulation and suppression continues, obviously, in the West but much more subtly and pervasive in the UK, where investors would naturally choose to invest in silver for myriad reasons. Many of these reasons point to ridiculously low prices and facing a massive psychological barrier in the form of the Value Added Tax (VAT).
