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How Envy Helps Silver Gain in Price

When we desire that which is owned by another we envy. Envy is also known as covetousness, and jealousy. America today is filled with envy, jealousy or covetousness.

There was a time when Americans believed that to covet was a sin (see: “thou shalt not covet” in Exodus Chapter 20 in the Bible). People who lived off the work of others were thought to be malingerers, sponges, mooches, parasites, and even thieves. Those who coveted were looked upon as unenlightened or worse. Envy, jealousy and covetousness were thought to be dangerous because they might lead to theft and/or even to violence. Some even went so far as to call envy a vice.

Today covetousness is encouraged by politicians, progressives, liberals, and many others. Envy is looked upon as a virtue. Everyone who feels “poorer” than his brother is encouraged to believe that he or she is entitled to an unending cornucopia of unearned benefits at the expense of someone else. They are told that free housing, grants, free healthcare, free food, a free education and many other free goods, services, and benefits are their rights. This Marxist philosophy of forced redistribution of wealth used to be eschewed in America. In fact, at one time Americans fought a civil war in part to end a type of forced redistribution of wealth known as slavery. It is estimated that 600,000 Americans died in that conflict to ensure, in part, that one man could not steal the earned wealth of another. Back then most Americans didn’t like the idea of using force to take from another. Today, however, that has changed. The full force of government is now used to take from some to redistribute to others. Many even call this action “charitable” although originally one did not force charity as that act of forced charity might look like theft. And, in the old days, theft was considered to be a crime.

Today the entitled class has grown to gigantic proportions. Over 48% of Americans receive some kind of income, benefit, or check from government. Of course the few people who pay taxes cannot support all of these free benefits and themselves as well. The government dares not tax the taxpayer at a 100% tax rate for fear of revolt or for fear that if there is no reward in working the worker (taxpayer) may no longer be motivated to produce. That can be hard on an economic system.

As Dr. Adrian Rogers observed: ??????You cannot legislate the poor into freedom by legislating the industrious out of it. You don’t multiply wealth by dividing it. Government cannot give anything to anybody that it doesn’t first take from somebody else. Whenever somebody receives something without working for it, somebody else has to work for it without receiving. The worst thing that can happen to a nation is for half of the people to get the idea they don’t have to work because somebody else will work for them, and the other half to get the idea that it does no good to work because they don’t get to enjoy the fruits of their labor.??????

So, what is government to do in order to continue offering an ever increasing plethora of “free” benefits? How can it pay for the deficits incurred by all of this envy? It borrows from everyone, even from foreigners. Then it raises taxes but only as high as the taxpayer will tolerate. When this is not enough, it simply borrows newly printed Federal Reserve Notes from the Federal Reserve and spends them into circulation. The Federal Reserve lends this “money” to the government at interest. The government’s debt and interest payments grow.

As this “money” is spent the price of commodities gradually increases because the value of the “money” is diluted. That increase in prices is called “price inflation”. Of course, silver is a commodity and it increases in price too. And, that is how envy helps silver gain in price.

So long as half or more of Americans believe it’s acceptable to take an unearned benefit from the taxpayer and/or that it is acceptable to dilute the value of the “dollar” (thereby stealing stored wealth) in order to receive unearned benefits, this cycle will continue. This is how a fiat currency such as the Federal Reserve Note becomes worthless while silver soars. Now, don’t get me wrong, I’m not advocating envy, covetousness, jealousy or the greed that demands that which belongs to another. I still believe “thou shalt not covet” is a commandment from God and a rule to be lived by.

Disclaimer:

Investing in stocks and precious metals is risky and could result in losing money. I am offering ideas for your consideration and education. I am not offering financial advice. Please do your own due diligence. I am not an investment adviser. Precious metals is not for everyone. I sell precious metals through American Gold Reserve. You should do your own due diligence when making investment decisions of any kind. You should consult your own financial advisers before making any investment decision. I make no guarantees that by following any advice or suggestion I might make that you will realize any return. Beware, all commodity markets and other markets carry risk of loss.

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