About The Irminfolk

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A primer on investing in precious metals

There is very little difference between owning a "warehouse receipt" or "promissory note" or any other form of "paper silver" than there is to owning paper dollars from the Federal reserve. They have NO intrinsic value. A paper note is "evidence of debt", not wealth. It says so right on the front: "this note is legal tender for all DEBT..." (emphasis added)

2017-03-29T13:11:35-04:00By |Financial|
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