The 5 Best Online Videos on Gold, Silver, and Fiat Money

When television was first invented, scholars marveled at its educational possibilities. But in no time, TV was taken over by the government, and henceforth, it has served as nothing but a tool for distracting people from their lost liberty. Thankfully, the Internet and then YouTube have intervened.

Although YouTube has its share of junk programming, the difference between it and regular TV is that it’s not all junk—there are a lot of great, educational videos to be seen on YouTube, none of which have been stamped with the approval of our government. That’s especially true of the five videos profiled here.

1. Money, Banking, and the Federal Reserve

This video, produced by the Ludwig von Mises Institute, is without question the best on the topic of the Federal Reserve. While others diverge into conspiracy theories, bizarre fits of thinly veiled Anti-Semitism, and downright bad economics, the Mises Institute keeps things focused on the reality of the Fed—what it is and what it’s not.

A central focus of this video is inflation: who it hurts, who it benefits, and how it’s caused. This is a subject that roughly half of the anti-Fed movement is ill equipped to tackle, since they support the congressional issuance of “public” fiat money to replace that controlled by the “private” central bank, but this is wholly misguided. The truth of the matter is that inflation is the true evil perpetrated by the Fed, not the interest it collects on government debt securities (which it dumps back into the Treasury by the way).

The video also looks at some early forms of money, and how money came into existence in the first place. This may seem uninteresting to the typical Alex Jones fan, but it’s essential to understanding the crime that the Fed and its fellow central banks are perpetrating against the citizens of the world. Gold and silver emerged as money by the consensus of the free market—there is no need for the government to “declare” anything as money, or to standardize coinage. The only reason governments have done this throughout time is so that they can debase the currency and redistribute wealth.

2. Peter Schiff Was Right

Here author, Austrian economist, and money manager Peter Schiff predicts the housing bust as early as 2005, while the talking heads on CNBC laugh in his face. In the first segment, from way back in 2002, he says most so-called investment advice is “propaganda” by brokers whose real clients are the big firms who want to get rid of stocks.

On April 26, 2005, Schiff said that the coming “financial disaster” was inevitable, while CNBC’s Keynesian non-economist Steve Leisman (his bachelor’s degree is in English and his master’s is in Journalism) arrogantly mocks, “We should all just give up right now.” Everyone laughs. Four months later, Schiff said, “Our bubble economy rests on the foundation of the housing market” and compared the housing market of the day to the Internet market of the late 1990s.

Finally, in the most famous clip in this video, Schiff goes head to head with “supply-side” economist and government shill Art Laffer. When Schiff predicts a coming recession, Laffer says, “No, I don’t believe any of it, whatsoever.” Laffer still refuses to pay up on the bet he lost to Schiff concerning the future of the economy.

3. Jason Hommel and Mike Maloney Discuss the Economy, Gold, and Silver

In this three-part video, Mike Maloney of interviews Jason Hommel of Jason Hommel’s Silver Stock Report. Viewers get to listen in as these silver gurus share what they know about the most undervalued precious metal. Subjects include the fraudulence of the current monetary system (Maloney refers to it as “reverse Robin Hood”), how the dollar will collapse quickly when it finally collapses, the public’s “awakening” to gold and silver, and many more.

In Part 2, Mike and Jason talk about how the lack of silver miners making a profit is actually a very bullish sign. After all, these miners can’t keep producing silver at losses, so eventually, the price has to come up or supply will be severely reduced—and that will, in turn, push the price up anyway.

In Part 3, Jason explains why he’s diversified into copper stocks as well as silver. This is actually quite ingenious: Copper will do better during a more bullish economy, while silver should outperform in a bear market, but both metals should outperform either way.

4. Jim Rogers: I Will Continue to Buy Gold But I Prefer Silver

In this video, world-famous investor and “adventure capitalist” Jim Rogers is asked where he sees gold going. His response: He owns gold. If gold goes down, he’ll probably buy more. If gold goes up, he’ll probably buy more, too. But, he says, he thinks he’ll make more money in agriculture—and silver.

Rogers also calls attention to the distortion of the precious-metals markets by the International Monetary Fund (IMF). They have a tremendous amount of gold that they intend to sell, and when they do, it will suppress the price—temporarily. But long-term, gold and silver are the closest things in the world there are to “sure things.”

Rogers also talks about the difficulty of making money in commodities futures contracts on an inflation-adjusted basis—this is especially clear for people whose native currency is something other than the U.S. dollar. Later in the video, Rogers voices skepticism on India as an investment opportunity, saying he still prefers China. As a #2 emerging market, Rogers says he likes Sri Lanka: “Whenever I’ve seen a war come to an end, it’s nearly always been huge opportunities for the people who get there.”

5. Silver is the Best Hedge Against Inflation

Best-selling Rich Dad, Poor Dad author Robert Kiyosaki says the best way to protect against inflation is to do what the Chinese are doing: buy silver! This short video says a lot, as Kiyosaki has a knack for making the complex simple. He talks about the trillions of dollars being printed by the Fed, and concludes by saying, “Silver is the #1 investment today… Silver is a smoking deal!”