How to Buy Gold & Silver? | The Gold Standard 2229

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“What’s in a name? That which we call a rose, by any other name would smell as sweet.”
—William Shakespeare

Fine, even if you don’t use the word recession, we still record high inflation, rising interest rates, and two consecutive quarters of declining GDP in the first year. Diversifying your portfolio and protecting against market volatility is easier than most people think. Series host Dave Deno talks with Ken Russo, SVP of the Midas Gold Group, about how to begin investing in gold and silver.

The main message The Gold Standard series sends out is that there’s only one to buy gold and silver. Purchase the physical metal through bullion bars, coins, or rounds created from private mints.

Another part of the series’ ongoing message is to get out of paper assets and away from the banking system. That’s more paper. And paper, unlike gold and silver, has no intrinsic value. So stay away from gold-related securities or funds that promise to acquire gold for you.

Despite gold’s volatility and vulnerability to market manipulations, gold remains the most reliable asset class because it has always maintained its value over the long term. Gold has doubled in price every seven years since 1971.

The precious metal finishes the first half of the year six percent higher. Next year’s projections are looking tremendously favorable for the yellow metal.

Remember that two-thirds of the world’s gold supply has already been mined. The gold and silver supply is finite. The limited supply aspect of gold and silver is what keeps our government away from returning to the Gold Standard. They want to continue making loans and spending more than they have. The Fed is addicted to printing money, and they have no respect for what former Federal Reserve Chair Alan Greenspan called a “barbaric relic.”

The Fed must continue to raise the federal funds rate to balance threatening inflation. Higher interest rates mean companies spend more to borrow money. Rising interest rates for credit cards, mortgages, and auto loans, reduce disposable income. So far, that lack of spending hasn’t started to happen yet. Perhaps because it’s more pleasing to imagine rather than face the evidence of reality.

People are afraid to criticize something because the perceived wisdom of that masses means whatever is going on will ultimately work itself out. It’s a form of wishful thinking for people who don’t want to acknowledge the reality of the situation.

How else to explain positive stock market moves, solid job growth, and consumer spending despite gloomy economic indicators? Today, those in the financial system proclaim that “we are not in a recession” because people are still buying things, and many are employed.

The market and the economy are a house of cards. Each added layer at the top increases the pressure on the lower tiers. The real question is how long we can continue to kick the can further down the street before the whole thing unravels. That day will come. When it does, you’ll want to hold onto your purchasing power and protect your wealth as much as possible. Moving some of your paper assets into gold, silver, and other precious metals can help you do that.

Dave and Ken discuss the importance of not being confused by the various ways to “own” precious metals. Investing in an ETF or a mutual fund is not owning physical gold. The idea of getting away from paper and the banking system is to own a tangible asset physically. While this may seem like diversification, it’s not. ETFs, mutual funds, and mining stocks are just more paper stating that you own shares in a company and are subject to overall market conditions. They are not physical gold and silver.

The Canadian Gold Maple Leaf from the Royal Canadian Mint is a distinctive government-backed bullion coin for many reasons, not the least of which is the fantastic quality. Another remarkable quality of the Gold Maple Leaf is its purity of gold content. Since 1982, the Canadian Gold Maple Leaf is made from .9999 fine gold. The Gold Maple Leaf was the only official bullion coin minted by a government at that time (the US began offering the American Gold Buffalo in 2006, a .9999 fine 24-karat gold coin).

The Gold and Silver Maple Leaf bullion coins from the Royal Canadian Mint feature micro-engraved security features, some of which are visible only under magnification. Maple Leaf coins minted after 2015 have radial lines from behind the front and back designs. The Canadian Gold Maple Leaf is IRA-eligible.
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