The Death of Money | The Gold Standard 2313

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Welcome to another episode of The Gold Standard, where we explore the world of gold and its place in the global economy. In today’s episode, we discuss a topic on the minds of many investors and financial experts – the death of money, specifically, the US dollar. Ken Russo is a Senior Vice President of the Midas Gold Group, a precious metals investment firm. Ken has over 30 years of experience in the precious metals industry and is a recognized expert. More importantly, he has built a reputation for high integrity and maintaining close touch with his clients.

We’ll be delving into some of the factors that contribute to the demise of the US dollar as the world’s reserve currency. These factors include rising debt levels, inflation, and mounting geopolitical instability. We’ll also discuss what investors can do to protect their wealth in the face of these potential threats, including diversifying their portfolios with gold and other precious metals.

So, whether you’re a seasoned investor or just starting, this episode of The Gold Standard is not to be missed. Join us as we explore the fascinating world of gold and its role in the ever-changing global economy.

Every day that passes brings us close to hyperinflation and the death of the US dollar. As banks struggle to find stability, it seems the Fed is working closely with the administration to pick winners and losers in the banking system. Remember how Lehman Brothers became the sacrificial lamb of the 2008 financial crisis?

There are disquieting similarities between today’s economic landscape to that of 2008 when the mortgage loan crisis erupted. Here are a few of them: high levels of debt, growing asset bubble, the interconnections of global economies, despite mounting global tensions, and troublesome central bank policies which have created high inflation and high interest rates. The critical difference between then and now is that now we have much more pressure built up. Consequently, the impact of economic disruptions is going to be more intense.

The current monetary system based on fiat money is incredibly fragile and vulnerable to financial warfare. Our country’s collective attitude and policies about money have enabled us to live well beyond our means for decades. The cost is an unstable financial system constantly needing to be propped up. The global economy was based on the gold standard until 1971 when President Nixon officially abandoned the gold standard to, he said, curb inflation and prevent foreign nations from overburdening the system by redeeming their dollars for gold. Since then, the US dollar has had no connection to go. The currency became devoid of material value.

Financial warfare can be offensive or defensive. Our leaders have leveraged the US dollar to support our nation’s friends and attack our enemies. Our financial system contains the seeds of a future crisis, such as China’s poorly planned economic growth. China is the world’s second-largest economy and has been strategically reducing its dependence on the US dollar and promoting the use of its own currency. China has also been increasing its holdings of gold. Individuals should protect their life savings from becoming worth less than a loaf of bread.

The featured bullion product for this episode is a highly coveted gold bullion coin prized by investors and collectors alike. The Gold Buffalo is a modern classic that pays homage to the iconic Indian Head nickel design of the early 20th century by Augustus Saint-Gaudens’s protege James Earl Francis. Since 2006, the United States Mint has crafted the Gold Buffalo coin with pure 24-karat gold and attention to detail.

The Gold Buffalo coin is struck from 99.99% pure gold and has a face value of $50. It is a legal tender coin backed by the full faith and credit of the United States Government, making it a highly secure investment option. The coin is also eligible for inclusion in Individual Retirement Accounts (IRAs), making it a popular choice for retirement savings.

One of the reasons that the Gold Buffalo has become so popular among collectors and investors is its stunning beauty. The coin’s design is a tribute to the iconic Indian Head nickel, which was produced from 1913 to 1938. The buffalo depicted on the coin symbolizes American strength and resilience. In contrast, the Native American profile represents the country’s rich cultural heritage.

Another factor that makes the Gold Buffalo a desirable investment option is its rarity. Although the coin is relatively young, it has already become a highly sought-after collector’s item. The United States Mint produces the Gold Buffalo in limited quantities each year, which helps to maintain its value and appeal.
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