Advantages of Owning Gold | The Gold Standard #2214

https://www.midasgoldgroup.com/

The advantages of owning gold are many. Perhaps best of all, possessing physical gold gives you some peace of mind. In this episode, host Dave Deno and guest Ken Russo, VP of the Midas Gold Group, take a deep dive into the advantages of owning gold.

This program will help you understand why gold is the best store of value. Gold's spot price (price per ounce) has had an upward trajectory since the government has controlled the precious metal. There is no over-asset class that compares to its long-term track record. The spot price of gold is positioned to soar much higher in the years ahead. Gold is the world's favorite insurance against uncertainty, insecurity, economic and geopolitical upset, war, and currency devaluation.

Dave and Ken want to make sure everybody hears their message before it's too late. There's only so much gold. Once demand kicks in, the ability to purchase gold will become significantly more complicated. There could be a supply-demand issue and the erosion of the US dollar.

Rising Inflation Begins to Outpace Wages?

As inflation rages on, more Americans find it challenging to make ends meet. Although employees are asking for higher wages, only a fraction of companies increase salaries to offset the terrible impact of inflation on households.

Unfortunately, salaries are based on the cost of labor associated with the demand for talent in a given area and not the cost of living.

Not everyone is a millionaire or even close to it. Still, Ken reminds us that even modest households can convert some of their cash into a reliable store of value, namely gold. They could start with a gram of gold and slowly build up their nest egg.

Advantages of Owning Gold over Cash in the Bank

Owning gold holds your purchasing power over time far better than keeping cash in a bank account. The US dollar is declining rapidly and for several reasons. The major drawback of keeping your cash in the bank is that it won't keep pace with the cost of living. As the dollar loses its buying power, gold prices will rise the same it has done throughout the history of civilizations. In other words, gold is insurance against inflation. Other advantages of owning gold include the following:

• Gold prices increase when other investments decline
• Gold maintains your privacy
• There are no capital gains on gold until you sell it
• Gold can be used to buy and sell things when situations become dire

The Storm of Financial Crisis Will Soon Be Upon Us

The everything bubble and record levels of leverage for households, corporations, banks, and governments are about to explode. The central banks don't seem to know about it, much less prepare for it. This episode explores how you and everybody else can become more self-reliant and start preparing for the coming storm.

Stocks & Bonds

Today's risk-asset valuations are detached from any sense of reality. Putting your cash into individual stocks is risky in today's speculative climate. You have to have a long investment horizon, but you also must have the stomach for high risk. Bonds are less risky than stocks, but even that outlook has been negatively impacted by rising mortgage rates. Gold will outperform stocks and bonds as the financial storm breaks. Remember, gold prices increase when other investments decline. In the language of Wall Street, gold is a blue-chip investment.

Commercial Real Estate

Commercial real estate has always been considered a reliable hedge against inflation and the smart money choice to grow wealth. Still, these are changing times, and the climate is uncertain. As Ken always points out, gold is always reliable and does very well in times of unpredictability.

Gold is global money. Gold has been coveted and accepted for thousands of years to conduct transactions worldwide. The value of gold doesn't have to be backed by any government. The value of Gold comes from its own merit.

The Featured Gold Bullion Product

This episode's feature product is the official gold bullion coin of the modern Republic of Austria, the beautiful Austrian Gold Philharmonic.

The Austrian Gold Philharmonic is the most popular gold bullion coin series from Europe, and it's no wonder why. The Austrian Gold Philharmonic is a work of art celebrating the country's musical culture. Ken gives a vivid description of the incredible detail of the famous Pipe Organ on the obverse and the orchestra's other instruments featured on the reverse.
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