Elon Musk posted on X today in reply to a Heritage Foundation economist, saying that “America is headed for bankruptcy fyi.” The economist asked the question “How did we get here?” To which he answered the following: Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. I tweeted back to …
Read MoreEvery time silver gets to a point where it is about to break out, it has a retreat in price. The old adage that we have heard for years is, “this time it’s different!” But silver keeps disappointing. Well, this time I really do think it is different and I have been harping on silver since I started writing my …
Read MoreHow To Buy Gold and Silver in an IRA
Many investors are not aware that you can invest in gold and silver through your IRA with an IRA transfer from your current bank or brokerage account. Or if you have a 401k from a prior company, a 401k rollover into a precious metals IRA can be done by filling out a few forms. Many investors know why gold and …
Read MoreWill the Dollar Crash?
This article will dive into the question on whether the dollar will crash as so many have predicted over the years. What it will point out is what I wrote about in my book Illusions of Wealth, that all fiat currencies eventually go to zero. Why? Because governments screw them up. But for now, the dollar is still king of …
Read MoreDeflation Meet Inflation – But Not Quite Yet For Gold and Silver
Is it just me, but can anyone envision the eventuality of a deflationary crash and the unwinding of much of the credit built up over the last several decades? Basically since Reagan? My last article was a bullish one for the stock market and it has gone up ever since, continually hitting record highs. While gold went up also, it …
Read MoreThe dollar is just 48 years old without a relationship to gold. Most don’t even know that. Most don’t understand gold and its history. But governments are the reason currencies fail and have failed over time. Every single one of them. Every single time. How is it different this time? Because of the magic of the Fed? The dollar itself …
Read MoreMany people buy insurance policies on their car, home, and health, and of course hope to never utilize it. For most of us, it is money that is thrown away to the insurance companies that take the risk so that a few benefit by filing a claim when needed. Gold is also insurance that you hope to never utilize. However, …
Read MoreIs The National Debt Irrelevant And Gold A Barbarous Relic?
Synopsis Presidents campaign on promises to reduce an out of control national debt yet the debt keeps marching higher during every Presidents term. The National Debt has been irrelevant since the times of even before Reagan but escalated with Reagan. Why doesn’t the national debt matter? What will Fed interest rate policy be moving forward? Some mock gold as a …
Read MoreThe beginning of the month I wrote an article called Gold Bottom? Gold Bottom? – Current Thoughts for 5/1/2018 I wrote in that article; “we may still have one smaller move below $1,300 to possibly $1,280.” We got down to a closing low of 1288.30 on 5/18 and an intraday low of 1282.27 on 5/21. There should be no …
Read MoreThe Book Buy Gold and Silver Safely 2018 Revision – Is Now Available On Amazon!
We are proud to announce the 2018 update for the book Buy Gold and Silver Safely and it is now available for purchase here. In this book I update where we are now with the economy, our debt situation as a country and its impact on the dollar, as well as expose new ways gold dealers rip-off their clients. But …
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