- The Washington Times - Tuesday, June 12, 2012

ANALYSIS/OPINION:

My mom passed away in December at the age of 101. She left me a few old coins to be passed to her as-yet unborn great-great-grandchildren. Her two favorite presidents were Herbert Hoover and Ronald Reagan, while her least favorite presidents were Franklin D. Roosevelt, Lyndon B. Johnson and most recently Barack Obama. Why? The simple answer is gold and silver.

It was Roosevelt who took the United States off the gold standard and Johnson who removed us from the silver standard. Mr. Obama has gotten us into unprecedented debt. It was Reagan who allowed the average citizen to own gold again, while Hoover rightly stated, in part: “As long as currency is convertible into gold of legal specification, it is vital to protection against economic manipulation by the government. Once free of convertible standards, the executives of every ‘managed-currency’ have gone on a spree of government spending, and the people thereby lost control of the public purse - their first defense against tyranny.”

The U.S. national debt is $15-trillion-plus and counting. Protect yourself and buy a few gold and silver coins. Your great-grandchildren will thank you.

JAY W. GOULD III

@$:Springfield, Va.

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