Everything You Wanted to Ask Your Gold Dealer | The Gold Standard #2207

https://www.midasgoldgroup.com/

We focus on answering common questions people ask gold dealers. In this episode, you’ll learn the answers to questions like:

• What Does Gold Do For Financial Security?
• Does Gold Become Devalue?
• Which Gold Bullion Product Is Best For You?
• How Can I Get Started?
• How Do You Find a Good Gold Dealer?

Today is a perfect time to look for a precious metals dealer you can trust and start asking questions about gold. As Ken Russo reflects in this broadcast, “Things are coming to a point where things are going to get real nasty soon. There’s still some time, but the hourglass has tipped over.”

Take a look at any one of the headlines this month. Whatever momentum the US economy had picked up has slowed. The Jekyll and Hyde character of the Federal Reserve bears its fangs to fight rising inflation. The Consumer Price Index (CPI) rose .6% in January. Energy prices rose .9%, and so did electricity and fuel oil. Everything’s gone up, and it won’t be going back down. There are no good choices to head off runaway inflation. The leadership at the Federal Reserve stands between a rock and a hard place as they try to balance inflation-deflation and prevent a recession. Above all, the greatest fear is deflation, and the Fed will do whatever it has to avoid it. The Federal Reserve will be walking a tightrope throughout 2022 as they struggle to balance inflation and rising interest rates. Whatever the Fed decides to do, they’re going to have to proceed carefully. Whatever the outcome, gold will be there, as it always has, insurance against the constant tampering of monetary policies, wildly speculative markets, and the boundless greed of central banks.

What is Inflation?

The pressure to raise prices tends to come with making economic progress. A certain amount of inflation is a regular occurrence over time. Still, the levels of inflation we’re seeing now is not normal. A great deal of the inflation we’re currently experiencing is due to having too much money in the system. Overall prices have far outrun salary increases. The genuinely insidious aspects of inflation go primarily unnoticed by most people because its most damaging effects happen below the surface. Inflation’s corrosive effects slowly eat away at a savings account. You might be earning .06 percent in a standard savings account while inflation is around 7 percent.

As of this writing, the national debt is $30 trillion, and there is no end in sight. It just keeps getting bigger and bigger.

The national debt doesn’t have to be paid in full, but it has to be sustainable to have a sound economy. The economy must grow faster than the debt and the interest to service the debt. The only way to keep the country from going broke in such a scenario is inflation. Inflation makes this kind of debt affordable, but it isn’t good for savers and people hoping to retire.

Inflation & Preserving Our Wealth

Commodities like oil, grains, and metals tend to have price increases during prolonged periods of inflation. Gold is traded on commodity exchanges and may appear on your favorite commodity, but gold isn’t a commodity. Gold is money. Things that may impact the commodities market will never affect gold. Gold has traded more like money and less like a commodity for years now.

Gold belongs as a part of every healthy portfolio because it performs well in inflation and deflationary environments, and there is no risk. Gold is a reliable store of value, and it has proven time and again to be resilient in times of upheaval.

What Does Gold Do For Financial Security?

Whether it’s for portfolio protection or securing long-term purchasing power, gold is the only reliable constant. Gold is a global store of value that countries trade it like money. The United States has the largest gold reserves, followed by Germany and Italy. Many countries see gold as a financial cover during geopolitical and economic uncertainty, so must you.

Which is Better? Gold Coins or Gold Bars?

Ken Russo departs from the usual focus on a single gold bullion product to answer Dave Deno’s question, “Which of gold products are best to buy? Gold coins or gold bullion bars? Ken answers the question by discussing two of his favorite forms of purchasing gold bullion: The Gold American Eagle and the one-ounce Credit Suisse Gold Bar. These are two great foundational gold bullion products. Ken’s answer may surprise you.
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