Fibonacci Financial

It was really fun writing The Silver Phoenix Rises Again but embedded in the entertainment were some very serious, in fact revolutionary, recommendations – the take aways !

(if you haven’t read The Silver Phoenix Rises Again, please read it first)

The Primary Purpose of the article was to inspire action (your action dear reader) towards the remonetization of silver.  Remonetize silver and the remonetization of gold will follow as night follows day.  Ergo a return to sound money which is the foundation of a truly free and prosperous society.  The inimitable Harry Browne made the recommendation to always take the direct route to freedom in his classic How I Found Freedom in an Unfree World.  An example of indirect action would be to buy stock in B-Mart and plan to attend an annual shareholders meeting when you got extremely bad service.  The direct and rational action would be to walk across the street to Target.

The Political Route ? (1)

So what would be the direct route to remonetization of silver?  Join a political party and attempt to add sound money goals to the party platform (this means joining and then influencing the platform committee).  Then run for national office (House of Representatives).  IF  you win, draft legislation and stump for a consensus of rational support in congress…………………… Wrong!

The Societal Route – Individual Action (2)

The direct route would be to simply start using silver as money not just as an investment vehicle.  Currently, those of us who buy silver bullion coins or bars are using silver as a “Secondary Media of Exchange”.  To buy a candy bar or pay for services rendered we must first go to a coin shop and convert the silver (secondary media of exchange) into Money (in the US that would be Federal Reserve Notes or in colloquial terms “Dollars”).  Then we buy the candy bar or pay for services with a direct media of exchange (money) – dollars or euros or yen.  To start using silver as money (as a direct media of exchange) means to actually use it as the primary exchange item.

Actions

I am going to start paying my business partners each month with 10 ounce silver bars for up to 5% of what I owe them.  That would be paying for services with silver as money.  You could start by paying 10% of  your kids or grand childrens allowance with pre 1964 silver us coins.  This would give you the opportunity to share the history of the constitutional dollar with them.  Use it as a teaching moment to share our heritage with the next generation. (If anyone wants me to draft a short history of the constitutional silver dollar for their kids and grand children, let me know).  Be creative and share your ideas with us here.

Coin Metal

Now this is a small but vital first step.  Unfortunately, most of the physical silver out there can’t be used as coins in everyday transactions.  99.9% pure sounds great BUT it is not durable enough to be used as money.  So we need someone to start minting “coin metal” silver coins.  Coin metal silver coins would be 90% silver and 10% copper.  Each silver coin would have 1 full ounce of pure silver and .11 ounces of copper.  The coin would weigh 1.11 troy ounces and would be very durable and usable for many years in everyday transactions.  I am currently working on that project unless someone beats me to it – hint hint (I am a money manager and personal financial coach not a mint master).

Anyone interested in these “Coin Metal” silver coins please share your email address and I will keep you posted.

Silver is THE doorway to sound money – just open it and walk down the yellow brick road. 

Let freedom ring with the sound of silver in every ones pockets.

YOU HAVE THE POWER TO CHANGE HISTORY – USE IT – INFECT TWO OTHER PEOPLE WITH THE SILVER VIRUS BY SPREADING THE MONEY AROUND.

Rocky Mountain Illumi Naughty Dictionary definitions:

1 Political Science – The art of acquiring with a gun through governmental action what you can’t acquire on a voluntary basis through dialogue and a hand shake.  Always a win/lose situation.

2 Volitional Science – The art of acquiring what you want through dialogue and a hand shake.  It is always a win/win outcome.