Retirement Alert | The Gold Standard 2227

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The Gold Standard series host Dave Deno and his guest Ken Russo, SVP of the Midas Gold group, sound the alarm on dwindling retirement funds. A misguided economy depletes stocks, bonds, mutual funds, or other investment vehicles. As Dave says, “That means less money for your retirement years.”

A retirement alert means different things to different people. For most people looking to retire soon, it means reassessing the lifestyle they’ll be able to afford. Or maybe they’ll have to push retirement down the road five or ten more years.

We will still be dealing with runaway inflation in 2023. That is retirement alert number one. Retirement alert number two is the growing everything bubble.

A bubble could be the stock market, real estate, or some other asset that has grown exponentially over its intrinsic value. The rapid escalation of the markets has overvalued almost every conceivable asset class by artificial means. Trade deficits continually overvalue the US dollar.

Retirees feel the pressure of expenses rising faster than their fixed incomes, forcing them to withdraw larger chunks of money from their investments.

Rising inflation, interest rates, and the monstrous everything bubble make it vital to adjust retirement plans. Inflation, one aspect of the coming financial storm, will directly impact the quality of your retirement. It may delay retirement or mean getting a part-time job.

Under normal circumstances, the cost of retirement usually exceeds expectations. Put that self-evident truth into an economic environment built on false gains, and you have an unstable environment, not the peace and comfort you’d expect from retirement. Ken says, “the audience must realize that the past decade has been fake. There has been so much money printed out of thin air. So much leverage and speculation have built the biggest bubble in the history of bubbles.”

Although Social Security is adjusted, it continually fails to keep pace with inflation. Like many government programs, Social Security has its problems. Inflation only makes them worse. Social Security will have to reduce payments during the next 10 to 15 years.

People planning to retire soon feel the additional volatility in the stock market, and they’re trying to figure out ways to reduce spending, save more money, and invest. But invest in what? You can’t keep an all-cash asset base. You have to put it into something that at least is going to hold its value over time.

Earlier, we mentioned that the rapid escalation of the markets had overvalued almost every conceivable asset class by artificial means. Ironically, precious metals aren’t one of them. Gold and silver values have been continuously manipulated so as not to sound the alarm of a shaky economy.

The US abandoned the Gold Standard in 1971. Ever since the financial institutions have worked overtime to suppress the value of gold to allow the US dollar to maintain its supremacy, the powers that be cannot suppress the price of gold and silver much longer. Other countries are shaping the dynamics of the global economy.

We’re fighting a financial war. Countries have become increasingly competitive amidst the straining of relationships. The sanctions against Russia are an example. A US spot price for gold at $3,000 would signal a problem.

Nevertheless, that fact remains, the soundest money in history is gold and silver. The stability of these precious metals is especially true during times of tumult and uncertainty.

We’ve been forecasting several financial storms for some time. Recent developments such as record high inflation, rising interest rates, supply chain issues, and Russia’s war in Ukraine only add to a global slowdown in economic growth.

Ken introduces the audience to the bullion bar’s most affordable way to hold gold and silver. At .9999 fine gold, the PAMP Gold Bar is one of the highest quality bullion bars on the market. The one-ounce bars are the most popular, but the PAMP Suisse bars are available in different sizes from 1 gram to 2.5 grams, 5 grams, 10 grams, and 20 grams.

An example of the PAMP Suisse craftsmanship is their unique microscopic topographic security technology, Veriscan. Each gold bar, from the smallest to the largest, is imprinted with a unique identifying fingerprint at the refinery. The beautiful Fortuna etching graces the obverse of each bar is more noticeable.

Fortuna is the Roman goddess of fortune and prosperity. Her profile emerges behind an overflowing cornucopia. PAMP Suisse’s elegant design shows the alluring goddess blindfolded.
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