Now is the Time to Buy Gold | The Gold Standard #2121
https://www.midasgoldgroup.com/
It is time to buy gold while it is still affordable. At around $1,800 an ounce, the precious metal is already becoming difficult to afford by some people. Gold and silver have proven reliable, safe-havens from chaos and disruption for centuries. Projections anticipate the prices of both precious metals to rise dramatically over the next couple of years. As Ken Russo, likes to say, “Gold will be there when you need it.”
Today we are confronted with rising prices and many other problems, but consider that all of the issues that caused the financial meltdown of 2008 have not gone away. In many ways, the world’s central banks, market manipulations, derivative expansions, and money printing continue to aggravate those conditions.
These are troubling signs that the next crisis will be much larger, more intense, and more devastating than the financial crisis of 2008. The tidal wave of economic chaos headed towards us has never been seen before. All any of us can do is speculate what it’s going to be. Whatever socio-economic class you’re in, the key to economic survival will be the ability to adapt. It’s never been more critical than now to own some gold and silver. This subject of this episode is its the reason for being. Keno Russo wants to give you the facts and equip you with knowledge.
The supply chain bottlenecks have lasted longer than most economists have expected. Inflation is making us pay higher prices, and the prevailing wisdom is that inflation is not transitory, but other problems are beginning to weigh down the economy.
Some economists are even warning of potential deflation caused by the disparity between technological advancements and the skilled labor to work these innovations.
Skimpflation is the reduction of the quality of goods and services. Consumers get less for the same price. Many companies respond to rising prices by cutting their costs and skimping on quality. Skimpflation is another unfortunate byproduct of inflation that reduces overall living standards.
Hyperinflation or deflation are both possibilities; in either scenario, the spot price of gold will increase. Gold preserves wealth. The present levels of inflation will cause gold prices to rise over time. In deflation, the gold price would also increase. Gold should be in everyone’s portfolio. The precious metal is one of the few assets that perform well in inflation and deflation.
All indicators forecast gold prices to increase dramatically. Ken Russo points out that the spot price of gold was $300 in the year 2000. As of this writing, the spot price of gold is 1,800.There’s a lot of bitcoin talk. Bitcoin is a virtual currency created in 2009. They use peer-to-peer software and cryptography to facilitate transactions without government and bank oversight. Bitcoin, of course, is not tangible like gold. Gold cannot be hacked or digitally erased somehow. The world economy and international monetary systems today are turbulent. Gold is resilient during times of upheaval and has proven itself through the centuries.
This episode’s feature gold bullion product is truly one of the most popular bars worldwide. The one-ounce gold bar from the Perth Mint in Australia represents high production quality (99.99 percent pure gold) and craftsmanship coveted by collectors and investors alike. Collectors appreciate the beautify and high level of artistic detail in the design of all of Perth’s minted gold bars, also known as Kangaroo bars. In contrast, investors appreciate the convenient size of the one-ounce bar, the affordable price, the security features, and its high liquidity due to the prestigious reputation of Perth Mint products in the global marketplace. Ken points out that bars are easy to understand what you have. You don’t have to know about any numismatic collectibility. The one-ounce Perth Mint Gold Bar correlates directly with the spot price of gold.
The design of the one-ounce gold bar from the Perth Mint is striking. The obverse has “The Perth Mint Australia” logo, which features the stylized swan, which has become recognized as a symbol of quality. The Mint’s location in Perth inspired the original swan design. The Swan River runs through the city. The fineness of the bar’s content 99.99 percent “Pure Gold” 1 Ounce is inscribed proudly below. The bar’s reverse is no less striking as it displays a pattern of jumping kangaroos. Each of the kangaroos is polished, providing contrast between the surface of the gold. The one-ounce Perth Mint Gold Bar qualifies for the precious metals IRA.
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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/
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