Gold and silver have a multi-millenium history of being money. Gold is first mentioned early in the book of Genesis. It is mentioned numerous times after that. The three wise men gave Jesus gold at His birth. Ancient Egypt was enamored with gold. Abraham used silver to buy the cave at Macpelah to bury his deceased wife Sarah. Gold and silver are GOD’s money.

What makes gold and silver what they are? They are hard to come by. They are base metals which cannot be debauched. They are durable. They can be made easily divisible into a wide variety of denominations. They have wide recognition. They are desireable. They are durable. They do not deteriorate (silver can tarnish, but is easily restored). In addition to money, they have functions as conductors of electricity, art, and use for jewelry. The roofs of many state capitol buildings have gold leaf on them. In silver’s case it is used as an antibiotic, purifier of water, for solar panels, batteries, micro chips and more.

On the other hand, they are bulky, and heavy. As a result, paper representations of them have been issued throughout modern history. Inevitably the banksters issuing the paper currency get greedy, and they start to print more currency than they have in precious metals backing. That is devaluing the currency, or put another way, it is inflation. That along with an increase in credit are what cause prices to rise.

When the public becomes aware of the banksters shenannigans, they start to want to hold gold and silver instead of paper dollars. Other motivating factors for the rise in the price of precious metals would include, but are not limited to, major catastrophes, shortages, war, famine, drought, political upheaval etc. In looking around today, you can see many of the afore mentioned reasons causing a dramatic rise in the price of precious metals.

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