Ferdinand Lips and “Gold Wars”

Lawrence Parks, of FAME, and James Turk, Director of the GoldMoney Foundation, talk about the upcoming new translations of Ferdinand Lips’ book “Gold Wars” in which he advocated that the Swiss keep their gold backing for the Swiss Franc. They reminisce about “Ferdie” Lips (RIP), whom they both knew, and his fight to defend sound money against a coalition of central bankers, the IMF and Swiss exporters, how he warned of the dangers to Swiss banks which would result and have since come to pass. Lawrence also talks about FAME’s future projects.

Larry explains how "Gold Wars" explains the importance of gold to a free society and a free economy. Gold is a protector of private property which guarantees that money cannot be centrally controlled and manipulated and therefore that Property cannot be confiscated through monetary policy. With fiat money savings, property and really all assets implicitly belong to the authority that has the power to create money out of thin air. "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."