Premium Only Content
Inflation Is Not Temporary (Part 1) | The Gold Standard #2118
https://www.midasgoldgroup.com/
Inflation is Not Temporary
While Treasury Secretary Janet Yellen maintains that they haven't lost control of inflation, the economic markers say otherwise. The question of whether-or-not price increases will fade away depends on whom you ask. Discover why Ken Russo, the SVP of the Midas Gold Group, says the country has already passed the point of no return.
San Francisco is the Canary in the Goldmine
Dave Deno kicks off this episode talking about San Francisco as a barometer of things coming our way as a country, the wave of vandalism and theft. Families in San Francisco are not feeling safe. The consensus is they need more help than they get from the police. Many have pulled their resources together and hired private security companies to patrol their neighborhoods and surrounding areas.
The San Francisco Bay Area has been plagued with brazen shoplifting, organized theft, and property vandalism for months now. The chronic robberies have caused Walgreens to close 5 San Francisco stores, and other stores have begun to fortify entry and exit points with barriers designed to deter thefts. Could these events be a foreshadow of things to come?
The Financial System is On Life Support
Since 1971, the US dollar has been backed by nothing but a government decree, and every year, its purchasing power has become less and less. The government took the currency off the gold standard to print as much money as they needed to pay for problems and extend as much easy credit as they wanted. The Fed demonstrates none of the disciplines of stewardship necessary to keep the country's financial system in order.
Ken Russo points out that the US printed 30 percent of the money supply just last year. When you get up to the cash register to pay for groceries, it seems like inflation is about the cost of a thing rising. Inflation is really about the devaluing of a country's currency. Another way to say it is the devaluation of US dollars makes those who hold onto a lot of cash get poorer.
It bears repeating, "You can't get out of debt by creating more debt." Another power theme the series returns to again and again is this: The leadership deficit in the country is a reality. Don't rely on the government or the stock market to protect your spending power or wealth. Act now while you still can.
The 1-Ounce Credit Suisse Gold Bar
This episode's featured bullion product is the most popular single product in the precious metals industry. In this case, Ken Russo introduces us to the 1-ounce gold bar from the prestigious Credit Suisse Financial Service company. As a bank that first opened its doors in 1858 in Zurich, Switzerland, Credit Suisse is also its oldest purveyor of precious metals.
Credit Suisse seals each 24-karat gold bar in plastic with a white assay card, which also bears the information about the bar. The 1-ounce Credit Suisse Gold Bar is eligible for purchase in a Gold IRA account.
The bar's obverse features the Credit Suisse logo accompanied by information about the bar such as weight, metal content, purity, and serial number. The Credit Suisse logo decorates the reverse side of the bar in a repeated 45-degree pattern.
The Difference Between Bullion Bars & Coins
There's more difference between bullion bars and coins than just their shape. Governments issue bullion coins such as American Gold Eagles and Canadian Gold Maple Leaves. They are legal-tender money. Coins involve more steps, whereas bars have few steps and are manufactured solely for precious metal content value. While governments manufacture some bars, most come from private mints.
______________________________________________________________________________
Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/
Gold IRA: https://www.midasgoldgroup.com/gold-ira/
Invest in Gold: https://www.midasgoldgroup.com/buy-gold/
Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/
Read the latest precious metals news: https://www.midasgoldgroup.com/news/
-
25:08
Midas Gold Group
4 months agoIf the System Collapsed, What Would Happen to My Money? | The Gold Standard 2432
48 -
2:05:07
Darkhorse Podcast
20 hours agoWhy Trump Wants Greenland: The 257th Evolutionary Lens with Bret Weinstein and Heather Heying
248K407 -
8:50:58
Right Side Broadcasting Network
20 hours ago🎅 LIVE: Tracking Santa on Christmas Eve 2024 NORAD Santa Tracker 🎅
273K36 -
2:48
Steven Crowder
22 hours agoCROWDER CLASSICS: What’s This? | Nightmare Before Kwanzaa (Nightmare Before Christmas Parody)
256K12 -
33:49
Quite Frankly
19 hours agoThe Christmas Eve Midnight Telethon
68.7K7 -
2:12:46
Price of Reason
18 hours agoAmber Heard BACKS Blake Lively Lawsuit Against Justin Baldoni! Is Disney CEO Bob Iger in TROUBLE?
24.4K10 -
1:01:17
The StoneZONE with Roger Stone
13 hours agoChristmas Edition: Why the Panama Canal is Part of the America First Agenda | The StoneZONE
102K33 -
18:12:15
LFA TV
1 day agoLFA TV CHRISTMAS EVE REPLAY
123K14 -
13:32
Scammer Payback
14 hours agoChanging the Scammer's Desktop Background to his Location
1.21K2 -
4:21
BIG NEM
16 hours agoNikola Tesla's Secret to Cultivating Creativity & Genius
851