The Tear Down of the Financial System | The Gold Standard 2310

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In this episode, we discuss the current state of the US economy and the looming financial crisis. With a wealth of experience and expertise, Ken provides valuable insights and predictions for the future of the US financial landscape, including what individuals can do to protect their assets in the face of incredible uncertainty.

The global economy faces several warning signs suggesting a period of economic challenges may occur before it fully recovers. These include slow economic growth, rising inflation, unprecedented debt levels, geopolitical tensions, and a leadership deficit.

The US financial system has increasingly relied on debt to sustain economic growth and consumption. This addiction to debt has led to concerns about the long-term sustainability of the system and the potential risks associated with high levels of indebtedness.

Dave cites Warren Buffet’s clear warnings about the economy. He criticizes money managers’ “disgusting” behavior and their penchant for fudging the numbers. Buffet said in his annual letter to shareholders, “It requires no talent to manipulate numbers, only the desire to deceive.”

People should diversify into precious metals, like gold and silver, because they are safe-haven assets during economic and political uncertainty. Gold and silver have a long history of being recognized as valuable and reliable stores of wealth.

During times of uncertainty, investors may become more cautious and look for ways to protect their wealth. People want assets they can depend on to hold value even if the economy tanks or financial markets crumble. Gold and silver are two assets you can count on to fulfill this role.

There are a few reasons why gold and silver are considered safe havens during uncertain times. They include their limited availability, portability, and reliability. No other asset class has proven its worth for thousands of years the way gold and silver have. These precious metals have survived numerous economic and political crises throughout history and have retained their value over the long term.

Overall, gold and silver are seen as safe havens because they offer investors a way to protect their wealth during times of uncertainty. While they may not provide the same returns as other types of investments during times of stability, they can be an essential part of a diversified portfolio during economic and political turmoil.

The spot price of gold is an indicator of the value of the US dollar. Gold is priced in US dollars on international markets, and the price of gold tends to move in the opposite direction of the US dollar.

When the US dollar weakens, the price of gold typically rises. When the US dollar strengthens, the price of gold typically falls. This inverse relationship between gold and the US dollar is because gold is a hedge against inflation and a store of value. In contrast, the US dollar is a fiat currency subject to inflation and the whims of the government.

For example, suppose the US Federal Reserve announces a large-scale monetary stimulus program or a lower interest rate policy. In that case, this leads to a decrease in the value of the US dollar. As the value of the US dollar falls, investors may turn to gold as a haven asset, causing the price of gold to rise.

Conversely, suppose the US economy is strong, and the US dollar is considered safe and attractive. In that case, investors may move away from gold and into US dollars, causing the price of gold to fall.

Overall, the spot price of gold is closely linked to the value of the US dollar, with a weaker US dollar typically leading to a higher price of gold and a stronger US dollar typically leading to a lower price of gold. Investors often use this inverse relationship to monitor the health of the US economy and the strength of the US dollar.

The Gold Vienna Philharmonic is the return of an elegant classic bullion coin. The one-ounce Gold Vienna Philharmonic is a popular and significant gold bullion coin produced by the Austrian Mint. The finely appointed design, recognizable the world over, features the famous pipe organ in the Vienna Musikverein’s Golden Hall. The reverse depicts a range of musical instruments associated with the orchestra.

Overall, the one-ounce Gold Vienna Philharmonic is significant as a symbol of quality, purity, and accessibility in gold bullion investing. Its iconic design, global appeal, and high level of quality have made it a trusted and popular option for gold investors worldwide.

Because of the one-ounce Gold Philharmonic’s 99.99% pure 24-karat gold content, it is eligible for a Gold IRA.
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