U.S. is running on fumes, yes fumes. Their budget deficit in fiscal 2023 is estimated at $1.3 trillion dollars. Currently, the National Debt is $33.6 trillion and counting. This is not pocket change, but an albatross around our neck. The ten year treasury bill was knocking on the 5% ceiling. That is where things get tricky because this is an indication that those buying treasuries require higher interest rates due to the risk.
For those cognoscenti in our midst know first hand that a real implosion in treasuries can occur at any time. Therefore, they are purchasing gold, the one asset that measures risk. Just this past year, gold has risen by $350 per ounce to close at $1982, while the stock market saw $1000 chopped off its still lofty level.
IN TIMES OF REVOLUTION GOLD IS YOUR ONLY FRIEND
There is no way out of here. The government clock is ticking away, the interest rate is rising in tandem, budget deficits the world-over are spiraling out of control, mirroring the United states as a whole.
Turn those extra green- backs into gold, bury them somewhere, in a clandestine location so the government can’t get their hands on them, like they did in 1933. Remember, the hand of Big Govt is long and strong.
GOLD SHINES IN TIMES OF TROUBLE – A FLIGHT TO SAFETY – THE GANG OF BLACK SWANS UPON US ONCE AGAIN: RUSSIA, CHINA, UKRAINE, ISRAEL, YEMEN.
GOLD HAS ENDURED FOR MORE THAN TWO MILLENIUM
EDITED POST FROM SEPTEMBER 2020
What is so special about GOLD? Why has it endured in times of war, political upheaval and economic turbulence? What is money and how does one value it? These are questions that “time” has answered.
Countries have gone to war over gold, pillaged, robbed, murdered and savaged unsuspecting peoples. If printing paper was money, why seek gold in the first place? “TRUST” in government is the number one priority of a stable currency; without trust, citizens resort to the accumulation of precious metals; this is to secure their wealth. Governments have tried to prevent citizens from holding gold, but in the end they all have failed.
And now world governments sit on the precipice of massive inflation, one which there is no viable solution. Trillions upon trillions of dollars have been printed by world governments since March 2020. The continuation of printing continues without interruption; a runaway freight train that can’t be stopped. Revolution or War is the end result.
World governments have seen this show before. They were all socialist in nature. For instance some were on our southern border, for instance Cuba, Venezuela, Argentina and Brazil; burning investors over and over again.
Citizens around the world have learned from past experience that the devaluation of money through printing, let’s call currency money as an academic illustration to make a point, is outright theft by government. So, to ward off the devaluation of their wealth, they resort to the purchase of gold, silver, platinum, palladium; they trust no one accept themselves when it comes to protecting their wealth. Therefore, it is imperative that citizens take note of what is happening in currency markets today. The dollar has been devalued in terms of gold which has risen by over $600 during the past five years.
