A highbrow is the kind of person who looks at a sausage and thinks of Picasso.- A. P. Herbert

The first reaction from the hard money camp would be to state we are insane or that we longer value hard money. Taking that line of thought would only set you on the wrong track; we are not against hard money or the Gold standard. However, most of those in the hard money camp have a hard time dealing with reality. The reality is that very few even understand this concept and even fewer would be willing to embrace it. In the end, it’s the masses that determine whether or not a new trend, fad or rule will be embraced or not.Have the masses done anything other than occasionally complain about how prices are rising? Did they embrace the Gold bull market from 2002-2011? Most of them focussed on the crash aspect and not the fact that Gold had soared significantly higher than it was trading back in 2002 despite the strong pullback? The answer on all fronts is no; to understand why no good deed goes unpunished, or why the masses will crucify you if you try to alter their mindset, watch Plato’s allegory of the cave.  It provides a very simple and clear look into the mass mindset.

Naysayers and Dr’s of Gloom keep chanting the same song of doom that all paper money will cease to exist one day and that everyone will revert to the gold and silver standard in the not too distant future. In a rebellious or romantic manner, this story has a nice ring to it. However, these people are about several hundred years too late and second of all; they desperately need a massive dose of reality. As we just stated, one must always pay attention to what the masses are embracing or willing to embrace. The masses are not even aware that Gold was once considered money and most of them will rebel at the notion of having to return to the Gold standard. The Gold standard did not prevent theft and outright robbery; bankers were known for shaving gold coins and other shenanigans. There is a better alternative, and we will address that shortly.