Now approaching $2600 buckaroos, silver starting to shine at $30 plus. Those in the know, know something. And that something is the $1 trillion per year in interest payments on our debt; no kidding. In a few short years, there will be no money left to pay any of our social programs. Social Security, Defense and interest on our debt will gobble up our entire budget. There is no shortcuts in store. The only way out is to cut spending; bring out the knife, cut the fat and best of all trim the federal workforce. Brilliant idea!
Are we repeating the fiasco that took down the Weimar Republic?
GOLD HAS ENDURED FOR MORE THAN TWO MILLENIUM
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.
Socialist governments have seen this show before. For instance, some were on our southern border, for instance Cuba, Venezuela, Argentina, Mexico and Brazil; burning investors over and over again. Has the time come for the United States to join the club?
Outright theft by governments have taught citizens from around the world that the devaluation of money through printing is thievery. 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 $1400 per ounce during the past five years.