Financial Security in an Insecure World (part 1) | The Gold Standard #2212

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This episode explores being financially secure in an insecure world. During economic uncertainty, many people struggle to become financially secure or maintain their financial security. Alarm bells are ringing, warning that now is the time to diversify some of your paper holdings into gold and silver. There's a window of opportunity that will not remain open indefinitely.

The Everything Bubble and Global Uncertainty

Today's world is full of uncertainty, not just economic uncertainty, but geopolitical uncertainty and questions over the stability of our society. Other uncertainties gnawing away at our nerves and wallets include energy shocks, high prices, the casino-stock market bubble, the real estate bubble, interest rate increases, and an unprecedented amount of debt.

Anxiety over the question of financial security impacts most Americans on some level. The gap between the middle class and the one percent of the population grows daily. And for those fortunate enough to be financially independent, there's growing unease of high inflation and rising interest rates.

The Federal Reserve

The Fed is the US central banking system. It is often blistered for not meeting its primary mission to ensure stability and low inflation. The economics we find ourselves in makes you wonder how the Fed makes decisions. Has somebody fallen asleep against the on button of the money printing machine?

"The next US recession will likely be caused by the Federal Reserve," the former US Secretary of the Treasury, Lawrence Summers.

The Message is Not All Doom & Gloom

As tumultuous as current events are, Dave and his guest, Ken Russo, VP of the Midas Gold Group, discuss things you can do now to protect yourself. A good start is to transfer some of your paper currency into physical gold or silver. These are actionable steps to immediately protect yourself and your loved ones from financial calamity.

Gold has proven itself to be a reliable source of stored value for thousands of years. Ken reminds us that back in the 1970s, an ounce of gold could be purchased for thirty-five dollars. Today an ounce of gold can be purchased for over two thousand dollars. It's not that gold has increased in value so much as the erosion of paper currency.

A Gold IRA: Steps to Protect Your Wealth

When stocks and bonds become risky, it's time to allocate some of your wealth to precious metals like gold and silver. A Self-Directed IRA enables you to invest for retirement using gold, silver, palladium, and other valuable metals.

Gold and silver will protect your spending power by reducing potential investment volatility and risk, hedging against economic downturns, and providing a tax-efficient shelter for potential gains. Precious metal IRAs are especially necessary for diversification if you are fortunate enough to have a strong portfolio.

If Self-Directed IRAs or converting some of your 401(k) to precious metals sounds unfamiliar to you, you're not alone. This episode discusses some of the processes involved with converting some of your investments into "Gold you can hold."

Featured Precious Metal Product

This episode reprises a classic favorite of the gold bullion products, the one-ounce American Gold Buffalo. The American Gold Buffalo has the distinction of having the purest gold content in US history and embodies the idea of solid money. Hold an American Gold Buffalo in your hand. You'll instantly get a sense of the actual value and rustic history of American gold. It's no wonder that it is one of the most popular coins amongst investors.

First produced by the US Mint in 2006, the American Gold Buffalo is the only 24-karat gold bullion coin created by our national mint. The rustic design revitalizes the classic Buffalo nickel design by James Earle Fraser. He was a student and apprentice to the legendary Augustus Saint-Gaudens.
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