Midas Gold Group

https://www.midasgoldgroup.com/ Host Dave Deno asks guest Ken Russo, VP of the Midas Gold Group, about a new word he has coined in his recent article, "It’s Only a Matter of Time Before We See Goldflation". What does the word “goldflation” mean? Like other words that use the t-i-o-n suffix, it’s a popular way to form nouns denoting “the action of” or “the result of” something. In this case, goldflation will result from the printing of paper currency and the untethered accumulation of debt. Eventually, the spot price of gold will reflect all the unwinding of paper assets like bonds and stocks. Increased demand from investors looking for ways to preserve their wealth will force gold prices much higher than they are currently. A bubble is the by-product of the rapid escalation of market value. It is the nature of economic bubbles to inflate quickly and then contract, just like a bubble bursts when it gets too big. Asset bubbles occur when the prices rise to levels way beyond historical norms. Historically, examples of asset bubbles include the Dutch Tulip Bubble, the South Sea Bubble, Japan’s Real Estate and Stock Market Bubble, the Dotcom Bubble, and the painful Housing Bubble that popped in 2008. We’re surrounded by more economic bubbles now than ever before in history. You could say the US economy is now one giant bubble, and it’s getting bigger with every passing day. One Giant Bubble Many economists have warned that the Housing Bubble that burst in 2008 was just a speed bump compared to what’s headed our way today. The central bank, also known as the Federal Reserve Bank, has lowered rates to the bone and printed currency hand over fist in what has become a massive fiscal policy experiment. It’s an experiment because it has never been done before, not on this scale, and it’s happening during multiple everything asset and credit price bubbles. Eventually, the thing is going to blow up. There’s too much pressure building inside it. All this massive bubble needs is one prick of a pin. Maybe that sharp tiny object will come from rising interest rates. The question is, when will it happen. A Voice Crying in the Wilderness The Gold Standard’s mission is to get the word on the US economy and inform listeners of ways they can begin to protect their wealth. Ken expresses popular opinions and ideas on mainstream media because people don’t want to hear them when they are in the throws of spending and buying ecstasy. Still, he’s here to raise the alarm about the impending economic collapse. The Margin Debt Issue Margin debt is another term discussed in the program. Margin debt is a loan a brokerage customer takes on by trading on the borrowed part of the initial capital. On the one hand, it can be effective to use leverage to buy more stocks, but on the other, it could be a quick way to dig a financial hole that’s difficult to escape. The market is seeing record borrowing to buy new shares. The latest report from Yardeni Research records $936 billion (up 40% from last year). That means increased risk for the stock market due to the combination of rising margin debt and falling stock prices. The Valcambi 50 Gram Gold CombiBar The featured bullion product for this episode is the unique CombiBars from the prestigious Valcambi Suisse Mint in Switzerland. Although Valcambi offers gold CombiBars in different sizes, the one discussed in this program is the 50 Gram Gold CambiBar. The Valcambi 50 Gram Gold CombiBar has individual sections looking much like a fine chocolate bar made of gold. There are fifty 1-gram gold cubes of .9999 fine 24k gold. Each 1-gram cube can separate from the sheet providing excellent divisibility. The Valcambi 50-Gram Gold CombiBar is a gold bullion product designed for a genuine financial crisis used for barter or trade. Valcambi Gold CombiBars are the best-produced multi-functional gold bar globally and benefit from Valcambi’s renowned craftsmanship. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Today, we take the ability to own gold and silver coins and bullion for granted. It’s easy to assume that we have always had the right to buy and sell gold, but that’s not the case. When World War 1 erupted, the US and European countries suspended the gold standard to print enough money to pay for military expenses. Three years into the Great Depression, hard times made gold-owning citizens hoard their precious metal holdings, which stalled economic growth and worsened the depression. President Franklin Roosevelt issued Executive Order 6102, which revoked the further use of gold coins in circulation and demanded all citizens to surrender their gold to the government. Gold owners received $20.67 per ounce. It wasn’t until 1974, when President Gerald Ford signed legislation permitting the ownership of gold, that people could buy and own gold again. Being grateful for our rights in this country fortifies our appreciation for them. It also makes us good stewards of the US Constitution and all we hold dear about being Americans. Think of Benjamin Franklin, as he leaves the Constitutional Convention being asked, “What kind of government did you leave us?” He answers, “A republic if you can keep it.” Being thankful for something is foundational to taking care of it. Thomas Jefferson stressed knowledge as a keystone to self-governance. That democracy and education are interdependent. Jefferson is remembered uncritically for his ardent support for an educated public as a bastion against the encroachment of an overzealous government. The Gold Standard’s mission is to educate people about the importance of diversifying with precious metals like gold and silver and how owning gold and silver can protect buying power during times of economic uncertainty. Federal Reserve to Start Withdrawing Emergency Support for the Economy Ken Russo, VP of the Midas Gold Group, points out that the Federal Reserve has “definitely propped up the economies of the world. When it comes down, it’s going to come down like a house of cards.” There have been many manias throughout history. There was the Tulip mania in the sixteen hundreds, a bicycle mania in Britain during the seventeen hundreds, and, more recently, the Dotcom mania in 1999. Today, similar to the Roaring Twenties that led to the Great Depression, we are swept away by the joyride, there’s a great deal of speculation and gambling, but eventually, that’s going to end. When it does end, it’s going to be devastating for those who didn’t prepare. The featured bullion product for this episode is the prestigious and beautiful American Gold Eagle. This iconic bullion coin took the world by storm when it first appeared on the market in 1986 and continues to be the world’s most popular and highly regarded gold bullion coin. The new 2021 American Gold Eagle is a product of the Mint’s Artistic Infusion Program (AIP). It features a close-up profile of a Bald Eagle designed by artist Jennie Norris and sculpted by the Mint’s Medallic Artist Renata Gordon. The coin’s obverse resurrects Augustus Saint-Gaudens’s full-length sculpture of Lady Liberty from the Saint-Gaudens Double Eagle ($20 gold coin) series from 1907 to 1933. Combining history with modern influences, the reverse of the coin has designs by contemporary artists. The American Gold Eagles from 1986 to 2021 have a reverse design by Miley Busiek that shows a male eagle carrying an olive branch flying to a nest where a mother eagle protects her young. A former volunteer raptor handler, Miss Norris drew inspiration for her design from an appreciation for and deep connection with wildlife. When talking about the American Bald Eagle, she says, “The American Eagle is such a noble bird. I was hoping o capture the intensity of his stare through the close cropping (of the composition). His gaze speaks of pride and wisdom passed down through generations of time.” ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ It is time to buy gold while it is still affordable. At around $1,800 an ounce, the precious metal is already becoming difficult to afford by some people. Gold and silver have proven reliable, safe-havens from chaos and disruption for centuries. Projections anticipate the prices of both precious metals to rise dramatically over the next couple of years. As Ken Russo, likes to say, “Gold will be there when you need it.” Today we are confronted with rising prices and many other problems, but consider that all of the issues that caused the financial meltdown of 2008 have not gone away. In many ways, the world’s central banks, market manipulations, derivative expansions, and money printing continue to aggravate those conditions. These are troubling signs that the next crisis will be much larger, more intense, and more devastating than the financial crisis of 2008. The tidal wave of economic chaos headed towards us has never been seen before. All any of us can do is speculate what it’s going to be. Whatever socio-economic class you’re in, the key to economic survival will be the ability to adapt. It’s never been more critical than now to own some gold and silver. This subject of this episode is its the reason for being. Keno Russo wants to give you the facts and equip you with knowledge. The supply chain bottlenecks have lasted longer than most economists have expected. Inflation is making us pay higher prices, and the prevailing wisdom is that inflation is not transitory, but other problems are beginning to weigh down the economy. Some economists are even warning of potential deflation caused by the disparity between technological advancements and the skilled labor to work these innovations. Skimpflation is the reduction of the quality of goods and services. Consumers get less for the same price. Many companies respond to rising prices by cutting their costs and skimping on quality. Skimpflation is another unfortunate byproduct of inflation that reduces overall living standards. Hyperinflation or deflation are both possibilities; in either scenario, the spot price of gold will increase. Gold preserves wealth. The present levels of inflation will cause gold prices to rise over time. In deflation, the gold price would also increase. Gold should be in everyone’s portfolio. The precious metal is one of the few assets that perform well in inflation and deflation. All indicators forecast gold prices to increase dramatically. Ken Russo points out that the spot price of gold was $300 in the year 2000. As of this writing, the spot price of gold is 1,800.There’s a lot of bitcoin talk. Bitcoin is a virtual currency created in 2009. They use peer-to-peer software and cryptography to facilitate transactions without government and bank oversight. Bitcoin, of course, is not tangible like gold. Gold cannot be hacked or digitally erased somehow. The world economy and international monetary systems today are turbulent. Gold is resilient during times of upheaval and has proven itself through the centuries. This episode’s feature gold bullion product is truly one of the most popular bars worldwide. The one-ounce gold bar from the Perth Mint in Australia represents high production quality (99.99 percent pure gold) and craftsmanship coveted by collectors and investors alike. Collectors appreciate the beautify and high level of artistic detail in the design of all of Perth’s minted gold bars, also known as Kangaroo bars. In contrast, investors appreciate the convenient size of the one-ounce bar, the affordable price, the security features, and its high liquidity due to the prestigious reputation of Perth Mint products in the global marketplace. Ken points out that bars are easy to understand what you have. You don’t have to know about any numismatic collectibility. The one-ounce Perth Mint Gold Bar correlates directly with the spot price of gold. The design of the one-ounce gold bar from the Perth Mint is striking. The obverse has “The Perth Mint Australia” logo, which features the stylized swan, which has become recognized as a symbol of quality. The Mint’s location in Perth inspired the original swan design. The Swan River runs through the city. The fineness of the bar’s content 99.99 percent “Pure Gold” 1 Ounce is inscribed proudly below. The bar’s reverse is no less striking as it displays a pattern of jumping kangaroos. Each of the kangaroos is polished, providing contrast between the surface of the gold. The one-ounce Perth Mint Gold Bar qualifies for the precious metals IRA. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Dave Deno and Ken Russo, VP of the Midas Gold Group, continue their discussion about the dire state of the economy. Despite what officials proclaim publicly, inflation is not transitory. High prices for goods will be with us for a while. The annual inflation rate in the US reached a three-decade high of 6.2 percent in October. Price spikes will likely remain high in 2022. The Federal Reserve is under tremendous pressure to do what it can to limit the inflation rate to around 4 percent next year. As revealed in the conversation, the worry is not just about the current inflation. Food prices worldwide have risen to their highest levels in a decade. Prices for everything have multiplied over the past year. The 12-month producer price index for steel products was up one hundred- and forty-one-point six percent. Inflation is just one troubling ingredient. There are many red-flag indicators that problems with our economy will not resolve equitably. Between lack of leadership and bi-partisan bickering, the worst part is that we have a system that isn't working. The debt ceiling is the amount of money the government allows itself to borrow to pay its bills. These bills include things like entitlements such as Social Security. US bills also include paying the salaries of military personnel and federal employees. Any delays for payments from the government have a trickle-down effect on how it impacts ordinary citizens' lives. People who depend on the money don't get paid on time. Delays in raising the debt ceiling can also increase the cost of buying things on credit. The stock market would spin into tumult if the government decided to default on its loans. Living on credit has become such a way of life for the US and its citizens we hardly think of it. Debt is something we have learned to tolerate as a nation. Living beyond means seems to be a part of the American psyche. That's one of the reasons why our government keeps hitting the debt ceiling. The US has approached its debt limit 17 times since 2001. There have been many crises in recent years because Congress failed to authorize an increase in debt. The government continues to spend more money than it takes in. Unlike the national debt, the deficit is a consequence of spending more money in a fiscal year than what comes in through taxes and other revenue. The national debt is a loan to cover deficits. Currently, the government owes more than $28 trillion in debt. It's a huge debt that keeps growing year after year. Talking about the decay of purchasing power, host Dave Deno describes a vivid and haunting image from Germany's Weimar Republic. Germany went off the gold standard at the beginning of World War One. The number of marks quadrupled during the war. The citizens of the Weimar Republic didn't feel the impact of inflation because prices for goods did not match the currency supply. The World War had set the stage for uncertain and turbulent times, so people didn't spend the money. They saved it. Despite the government pouring tons of currency into the German economy, no one was paying it. Once confidence returned after the war, the people felt the plundering impact of the previous influx of currency. Gold was about 100 marks per ounce during World War One. A couple of years after the war ended in 1918, the precious metal moved between 1,000 and 2,000 marks per ounce. Those who kept their cash merely had 10 percent of their original buying power. A couple of years later, prices had risen another 700 percent. By the time the purchasing power of the German stock market fell 97 percent, the price of gold, which initially was 100 marks, climbed to 87 trillion marks per ounce. The value of the precious metal grew exponentially. Ken reveals his all-time favorite gold bullion product saying, "it's the most American coin out there." The American Gold Eagle is the most popular bullion coin globally and is especially popular amongst US citizens because it's pure Americana. Signed into law by President Regan in 1985 to revitalize the nation's precious metal bullion production, the American Gold and Silver Eagle program was an immediate success. Ken calls the American Gold Eagle one ounce a foundational piece and one that every American would be proud to hold in their hands. The obverse features are one of the most beautiful designs ever created for a coin, Augustus Saint-Gaudens's Lady Liberty from the $20 Gold Eagle (described in more detail below). The reverse features images of the American Bald Eagle. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ We discuss three stock market crashes, each one preceded by huge equity moves, record earnings, and wide speculation. The three boom-to-bust events are 1929, 1987, and the dot-com bust of 2002. You are probably familiar with all three of these financially devastating events, but you may be surprised to learn how gold responded during each one of these crises. Before a Thursday in late October of 1929, the stock market was booming. The roaring twenties saw many people who had never invested in the stock market jump on the bandwagon, wanting to rush in to buy shares. For a while, investors were making money hand over fist; in fact, some even took out loans or bought on margin so that they cut to get a more significant piece of the piece. But then, suddenly, the bottom fell out. People had lost their life savings. Those who had borrowed money to invest had not only lost money, but now we're in a financial sinkhole. Today's stock market has been booming like it was in the first part of the 1920s. Last November began with stocks on another tear, setting one record after another, but ended abruptly with the market in retreat. Now, the market seems to be on the upswing again. Who knows? By the time you read this, it might be dipping once again. The point is that conditions are unstable, debt is at an all-time high, and market activity seems to be fueled more by speculation rather than sound investments. There are other disturbing indicators as well. Consider the not-so-convincing rhetoric from government officials insisting supply-chain bottlenecks and inflation are temporary. It's difficult to tell if a stock market dip will turn into a crash. Usually, when a market correction occurs, it happens quickly and without warning. It took the market 25 years to recover from the impact of 1929. Stock market crashes hit with devastating impact, decimating portfolios intended to fund retirements and college educations. One of the warning signs of something wicked this way comes is the Fed's activities. Jerome Powell and the rest of the gang have kicked the can as far as possible. Now they're about at the end of the road. Thanks to all the money printing, the annual inflation rate is at a three-year high of 6.2%. That was as of October. Inflation is likely to remain high throughout 2022 and beyond. The Fed will have little choice but to raise interest rates to countermand the inflation rate, force it down to a less painful 3 to 4 percent. Investors don't like high-interest rates. It gives them a stomachache, but the Fed is all out of moves. When they raise interest rates, and they will, people will borrow less, corporate earnings will suffer, and stocks will backslide. Like a tornado coming in the middle of the night, it can all happen while you're sleeping. Inflation is the silent killer of the economy because its corrosive impact affects many areas that you wouldn't consider. All investments seem to rise as inflation increases. The actual return is less than you think, depending on the inflation rate. For example, an investment might return 10%, but the dollar inflated 20%, which is a loss of 10%. Precious metal values rise as the number of dollars increases. Gold and silver are eternal money and can always be relied upon to do accurate accounting no matter how hard officials try to fudge the balance sheet. History shows us how quickly conditions can change on Wall Street. All that you have worked for, earned and saved, can be gone before you have a chance to do anything about it. That's why the team at Midas Gold Group is eager to share their message with as many listeners as they can reach. During financial turmoil, bubble explosions, or market crashes, wealth is transferred from what is perceived as having value to that which holds intrinsic value; gold, and silver. The Gold Standard shines its spotlight on the official gold bullion product of the United States. The American Gold Eagle is the most popular bullion coin globally and is especially popular amongst US citizens because it's pure Americana. Signed into law by President Regan in 1985 to revitalize the nation's precious metal bullion production, the American Gold and Silver Eagle program was an immediate success. The American Gold Eagle is a foundational piece, one that every American would be proud to hold in their hands. The obverse features Augustus Saint-Gaudens's Lady Liberty from the $20 Gold Eagle. The reverse features images of the American bald eagle. The American Gold Eagle qualifies for precious metals IRA. ______________________________________________________________________________ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ The latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Inflation is Not Temporary While Treasury Secretary Janet Yellen maintains that they haven't lost control of inflation, the economic markers say otherwise. The question of whether-or-not price increases will fade away depends on whom you ask. Discover why Ken Russo, the SVP of the Midas Gold Group, says the country has already passed the point of no return. San Francisco is the Canary in the Goldmine Dave Deno kicks off this episode talking about San Francisco as a barometer of things coming our way as a country, the wave of vandalism and theft. Families in San Francisco are not feeling safe. The consensus is they need more help than they get from the police. Many have pulled their resources together and hired private security companies to patrol their neighborhoods and surrounding areas. The San Francisco Bay Area has been plagued with brazen shoplifting, organized theft, and property vandalism for months now. The chronic robberies have caused Walgreens to close 5 San Francisco stores, and other stores have begun to fortify entry and exit points with barriers designed to deter thefts. Could these events be a foreshadow of things to come? The Financial System is On Life Support Since 1971, the US dollar has been backed by nothing but a government decree, and every year, its purchasing power has become less and less. The government took the currency off the gold standard to print as much money as they needed to pay for problems and extend as much easy credit as they wanted. The Fed demonstrates none of the disciplines of stewardship necessary to keep the country's financial system in order. Ken Russo points out that the US printed 30 percent of the money supply just last year. When you get up to the cash register to pay for groceries, it seems like inflation is about the cost of a thing rising. Inflation is really about the devaluing of a country's currency. Another way to say it is the devaluation of US dollars makes those who hold onto a lot of cash get poorer. It bears repeating, "You can't get out of debt by creating more debt." Another power theme the series returns to again and again is this: The leadership deficit in the country is a reality. Don't rely on the government or the stock market to protect your spending power or wealth. Act now while you still can. The 1-Ounce Credit Suisse Gold Bar This episode's featured bullion product is the most popular single product in the precious metals industry. In this case, Ken Russo introduces us to the 1-ounce gold bar from the prestigious Credit Suisse Financial Service company. As a bank that first opened its doors in 1858 in Zurich, Switzerland, Credit Suisse is also its oldest purveyor of precious metals. Credit Suisse seals each 24-karat gold bar in plastic with a white assay card, which also bears the information about the bar. The 1-ounce Credit Suisse Gold Bar is eligible for purchase in a Gold IRA account. The bar's obverse features the Credit Suisse logo accompanied by information about the bar such as weight, metal content, purity, and serial number. The Credit Suisse logo decorates the reverse side of the bar in a repeated 45-degree pattern. The Difference Between Bullion Bars & Coins There's more difference between bullion bars and coins than just their shape. Governments issue bullion coins such as American Gold Eagles and Canadian Gold Maple Leaves. They are legal-tender money. Coins involve more steps, whereas bars have few steps and are manufactured solely for precious metal content value. While governments manufacture some bars, most come from private mints. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In this episode, Ken Russo, SVP of the Midas Gold Group, and Gold Standard host Dave Deno take a no-holds-barred look at the nation's economy and talk about the mother of all bubbles, today's stock market. Stressing the point that all bubbles burst eventually, Dave warns that it's not a question of if but when. What is a Bubble? The market value of an economic bubble escalates rapidly. There is often a widespread feeling of euphoria that makes everyone think it will last forever. Investors move lots of money around and become focused on short-term gains. People like you and me join the frenzy and start speculating with their money without realizing it. Before you know it, the party is over, and the bubble burst, which means there's a sudden decrease in value. Once a crash happens, valuable stocks become worthless. Bubble Bursts of Recent History Before the conversation kicks off, Dave gives listeners a concise rundown of some of the most significant bubble bursts of recent memory. The tech bubble in Silicon Valley left many would-be retirees without savings, and they had to return to work. Then there was the housing market bubble which left many families homeless. Governments Like to Kick the Can Further Down the Street Since the financial crisis of 2008, central banks have accumulated massive amounts of debt while creating large amounts of cheap currency. Rock bottom interest rates and asset bubbles in equities and real estate are just part of the result. The debt load and printed money have also helped prop up one of the shakiest stock markets in history. Ken points out that giant tech companies like Microsoft, Apple, and Amazon are the main drivers of increasing stock prices while the real economy, which we live in, suffers. The market performance of these giant corporations has outperformed the rest of the S&P 500, but this isn't sustainable. The disease that plagues the rest of the market will catch up with them eventually. It's all a matter of time. Governments can only kick the can down the street so far before there's a day of reckoning. The Mother of All Bubbles Continues to Grow When the mother of all bubbles burst, you don't want to be the one left standing when the music stops. The fact is that many people are putting their retirement at risk. Far too many are overinvested in stocks and haven't taken the precaution to diversify their portfolio with tangible investments like gold and silver. Where will people turn when they realize all they have worked for, saved, and invested, is gone? There won't be enough time left to wait out the inevitable market downturns. The Problem with Saving Lots of Cash While the lack of spending during the Covid-19 lockdown helped households save much more than usual, it also left many holding a lot of cash. Holding onto cash reserves will result in a loss of spending power due to the corrosive effects of inflation. It's better to transfer some money in savings to a reliable store of value like gold and silver. Knowledge is Power And that's why THE GOLD STANDARD exists, to give listeners the information they need to ask the right questions and make better decisions for protecting their wealth. Each of us has got to be responsible for protecting our financial future. The Australian Gold Swan This episode's featured bullion product is the beautiful 24-karat Gold Australian Swan struck by the highly regarded Perth Mint. Ken vividly describes the coin's design, the reverse by and explains why it has numismatic value apart from the intrinsic value of the .9999 pure gold. Unique amongst government-sanctioned bullion programs, the Gold Australian Swan has an incredibly low mintage of 5,000 coins annually. Compare that with the mintages of the one-ounce American Gold Eagle, which averages between several hundred thousand to over one million each year. The lowest mintage Gold Eagle was 1991's half-ounce Gold Eagle with a mintage of 24,100. The lowest mintage for a one-ounce Gold Eagle was 108,000 in 2019. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Our financial system is failing. The financial system as we know it, and even the US dollar, might not be around in the years to come. Meanwhile, the market seems to be fueled by investors looking for quick gains and short-term plays with no sites on long-term projections and no regard for long-term consequences. Investors are anxious about the future, and you may be rightly concerned about protecting your purchasing power. Today the US, the world’s largest economy, is piled high with difficulty. The challenges include: • The inflation rate reached the highest level in 3 decades • Pervasive joblessness across most of the country • Persistent supply chain pressures Our country spends more than it earns. As of this writing, our national debt is almost $29 trillion. Deficits by a tax system that does not bring in enough money to cover the costs of what the government has promised its citizens. The US has been in a slowly building financial crisis since the mid-1960s leading up to Nixon taking the dollar off the gold standard. Today, plugged supply lines contribute their share to inflation. It’s challenging to get things. The person willing to pay the most for it gets it. There are three choices, print money, raise taxes, or cut spending. Cash is not a safe place to store your wealth. As you read this, inflation erodes the buying power of your cash. History has shown that currencies are always ultimately devalued or destroyed. We are in a fiat monetary system where large deficits are maintained. Governments can’t manufacture currency and hold interest rates at rock bottom without prices eventually reflecting those conditions. That’s why we’re seeing inflation; however, gold has yet to inflate proportionately to the currency supply. Gold will account for an expanding currency supply as it has done for thousands of years. The spot price of gold will become out-of-reach for most of us. Continuing the previous program, Ken Russo take us on a virtual tour of foundational gold coins. These are coins you can buy to preserve your wealth, and all of them are available in the vaults of the Midas Gold Group, and most of them qualify for the precious metals IRA. The coins described in this episode: Austrian Gold Philharmonic bullion coins pay homage to the rich musical culture so identifiable with the great city of Vienna. Ken vividly describes the beautiful design of Europe’s most popularly traded gold bullion coin. From the great pipe organ in the Vienna Musikverein’s Golden Hall on the reverse to the array of instruments that make up an orchestra on the obverse, this coin is a work of art celebrating the world-renowned Vienna Philharmonic. It qualifies for the precious metals IRA. The South African Gold Krugerrand was first introduced in 1967 and has become a mainstay in gold bullion coins. By 1980, the South African Krugerrand accounted for most gold coinage traded internationally. The Chinese government started the Chinese Gold Panda bullion program in 1982. Unlike other gold bullion coins, the Chinese Panda features playful Giant Pandas in different poses on the obverse. These impeccably designed coins are sought by investors worldwide and qualify for the precious metals IRA. Like the better-known Kangaroo or Kookaburra coins, this bullion coin from the Perth mint is one ounce and debuted in 2017. The Australian Gold Swan reflects tremendous craftsmanship and is unique. The annual mintage is much lower than most bullion coin releases, so there is an added collectible value which could demand higher prices apart from the metal value. The Australian Gold Swan does qualify for a gold IRA. Ken Russo stresses the importance of diversifying portfolios and recommends diversifying holdings in gold and silver. A perfect example of diversifying your precious metals holdings is the Valcambi CombiBars. Valcambi CombiBars come in various denominations (i.e., 20 gr bars, 50 gr bars, and 100 gr Bars). Unlike bullion coins or bars, these unique CombiBars are segmented like a bar of chocolate. For example, each 1-gr piece of the 50 gr CombiBar can be easily removed, making it ideal for barter or trade. Because of this unique feature, the Valcambi Gold CombiBars are a must for people looking to protect their purchasing power during uncertain times. ________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Precious metals provide value diversification and insurance against inflation. Unlike previous programs, the subject is the variety of gold coins available. Gold is in great demand now, and there will come a time when many, if not all of these gold coins, will no longer be available, or the prices will make them unaffordable. Currency is a means of exchange, a unit of account, and a store of value. We learn the hard way that currency is not a reliable store of value. The only value it has is by decree. The ancient Greek philosopher, Aristotle put forth several laws by which money could be sound. Sound money must be durable, portable, divisible, and have intrinsic value. Only gold and silver fit that description. This episode is devoted entirely to the stunning gold coins found in the Midas Gold Group vaults. We take a virtual look at the best gold coins you can buy, and a few of them qualify for a precious metals IRA. Ken calls the American Gold Eagle one ounce a foundational piece and one that every American would be proud to hold in their hands. The American Gold Eagle is the largest gold coin produced by the US Mint and is the world’s most popular gold bullion coin. The obverse features what is considered to be the most beautiful design ever created for a coin, Augustus Saint-Gaudens’s Lady Liberty from the $20 Gold Eagle (described in more detail below). The American Gold Eagle qualifies for a precious metals IRA. In response to the rising popularity of foreign national coins, President Ronald Reagan signed the Gold Bullion Act of 1985, which stipulated that all gold used in minting the coins would come from newly mined domestic sources. Of course, it’s always good advice to only work with reputable dealers you trust, but this is especially true when buying and selling numismatic coins. Numismatic coins typically carry a higher premium than bullion coins. Bullion coins are government-issued coins of precious metals and are part of a large and active market worldwide. For the most part, it will be easier to liquidate bullion coins than numismatic coins. Certain numismatic coins, like the ones discussed in this program, are unique: they have both characteristics of numismatic and bullion coins. For example, the Saint-Gaudens Double Eagles weigh almost as much as an American Gold Eagle. Still, they have the added feature of having historical, numismatic value based on the number of coins minted in a given year and its grade (quality). The Canadian Gold Maple Leaf, leading coin of the Canadian Mint arrived on the market in 1979. Like the American Gold Eagle, the Canadian Gold Maple leaf is available in different sizes. The demand out weights the supply of fractional versions, so supplies tend to be limited. For centuries Great Britain used the Gold Sovereign for circulation within the kingdom. During the rule of King Henry VII, the first Gold Sovereign was the most significant and most valuable coin seen in the civilized world. The modern-era Gold Sovereigns began in 1817. From its earliest beginnings, the Gold Sovereign became a symbol of the power wielded by the kingdom. The Gold Sovereign has been issued as a bullion coin since 1979. Since 1952, Queen Elizabeth II has been on the obverse. The reverse features Benedetto Pistrucci’s sculpture of Saint George battling a dragon. The American Gold Buffalo is one of the best gold coins for investors because the US Mint doesn’t make that many. It doesn’t come in fractional sizes (like the American Gold Eagle). Twenty years after the start of the American Gold Eagle program in 1986, the US Mint created its first-ever 24-karat gold coin. The American Gold Buffalo is an impressive, sturdy, and attractive coin featuring another classic design from American numismatics. It borrows its obverse and reverse from James Earle Fraser’s historic Indian Head Buffalo nickel, which went into circulation in 1913. The American Gold Buffalo qualifies for the precious metal IRA. The Saint-Gaudens Double Eagle is a classic coin and is considered the premier numismatic gold coin of the United States. Saint-Gaudens Double Eagles are rare. They were minted and released for circulation between 1907 and 1933 when President Roosevelt ordered the confiscation of gold. The Saint-Gaudens Double Eagles seen on the market today are the survivors from that era. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ This episode is about risks and uncertainties. In recent weeks, the stock market has been a roller coaster ride with wild swings from one hour to the next. From supply chain woes to debt ceiling crisis to inflation fears and questionable leadership, it seems there’s a hazard of one kind of another lurking behind every corner. Market conditions are precarious, and many economists believe growth rates are unsustainable, mainly because inflation is out of control and the Fed is almost out of moves. As Ken Russo, VP of the Midas Gold Group, points out, “I just don’t understand how things can be so fragile after the hundreds of trillions of dollars that have been printed over the last couple of decades!” Financial chaos is an inescapable part of our future. People saving for retirement and thinking about where to put their money to have an easier time in 10 or 30 years have to be particularly careful. As was pointed out in an earlier episode, these are people who can’t wait another 10 or 20 years for the market to bounce back again. The main takeaway is to diversify whatever you have and diversify for the long run. Ken Russo and his team at the Midas Gold Group are here to spread the message about gold and silver and help protect their financial future. Why gold? Often you will hear people refer to gold as God’s money because it is used throughout the Bible. After all, gold has been the primary medium of exchange for thousands of years. Gold and silver have been sought throughout the history of humankind because gold and silver represent purity and longevity. They are scarce, and man cannot create them. Gold is a reliable store of value and comes with an infinite demand, making them low risk despite governments creating worldwide turmoil and disruption. What Makes a Great Gold Dealer? If you’re investing in precious metals and plan to liquidate your holdings at some point, you need to go to a dealer, so it’s essential to find a reputable dealer who you can trust. Because people work and transact in the virtual world, it’s next to impossible for businesses to stay in operation for any length of time if they provide unethical service. Take the time to do your research. Read reviews. Talk with select dealers who have made it to your shortlist of candidates. In a fascinating section of this episode, host Dave Deno and guest Ken Russo break down some of the things you want to keep in mind as you look for a great gold dealer. Characterized as a “straight-shooter,” Ken has a well-earned reputation for genuinely caring about his clients and providing value to the community by offering educational resources. The Featured Precious Metal Product This episode’s precious metal product is considered by many to be the most beautiful US coin ever minted. Produced between 1907 and 1933 and named after the artist who designed the obverse and reverse of the coin, the Saint-Gaudens Double Eagle ($20) has an incredible history behind it, and it’s a story that involves a contest of wills and determination on the part of the US President of the time. In 1904, President Teddy Roosevelt wanted to “beautify” American coinage and proposed one of the most famous sculptures of the day, Augustus Saint-Gaudens. The old guard at the US Mint didn’t like the idea, nor did they much care for Mr. Saint-Gaudens himself. The feeling was mutual. If it hadn’t been for Teddy Roosevelt’s forceful personality, the strained collaboration between Saint-Gaudens and the US Mint probably would never have happened. Thankfully, for the world of numismatics, the Saint-Gaudens Double Eagle did happen. Decades later, Saint-Gaudens’ original obverse design of Lady Liberty was resurrected. The obverse has appeared on every American gold bullion coinage since 1986. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ There is lingering anxiety that we are in economic turmoil and many aspects of our financial life seem out of control. Indeed, any confidence that leadership will guide us through any financial crisis has all but vanished. While many people still accept the story coming out of Washington that inflation will go away on its own, prices won’t be returning to normal any time soon. Last October, US inflation hit a 31-year high. The Fed has been printing money, interest rates are at an all-time low, and we’ve had persistent supply shortages together with intense consumer demands. These are the ingredients of financial chaos. An economic tsunami continues to gather momentum. Perhaps the Chinese real estate giant Evergrande troubles are a foreshadow of things to come. With over $90 billion debt, along with $300 billion in liabilities, Evergrande cannot meet its obligations. China has already made it clear it will not intervene to save the enterprise. Ken Russo likens the company’s fate to what happened to Lehman Brothers in 2008. During the highest point of tremendous economic turmoil in 2008, Lehman Brothers were the fourth-largest investment bank in the country. At its collapse, the bank had $639 billion in assets and $613 billion in liabilities. Lehman became the symbol of the excesses of the subprime loan crisis of 2008, a meltdown that cost the US economy about $10 trillion. How many companies are drowning in debt? How long can Congress continue spending money it doesn’t have? It’s like holding a tiger by the tail. You don’t like it, but you dare not let go. There were indicators of financial problems several years before the financial crisis of 2008, just as they are signs today that our economic policies are creating financial troubles for our future. And just like the Fed Chair of 2008, Ben Bernanke dismissed signs of trouble, so does the current Chair, Jerome Powell. As we read the news and listen to the media, we must realize that the Fed works for the banks and not for the people. The banks own the Fed, and the banks own many politicians who run the US Government. Heated debate and controversy immediately rose out of Biden’s proposal to increase enforcement at the IRS by adding agents and expanding reporting requirements. There’s debate over how much money the action would raise and controversy over how much power it would give the IRS over individual privacy. One thing is sure; the proposed financial reporting requirement would be a violation of our Fourth Amendment. The proposed bill would give the IRS unconstitutional spying power over everyone. Of course, the bill would also require the employment of thousands of new agents to comb through your records and accounts. If passed, the law would enable the IRS to spy on other accounts, such as PayPal, crypto-currency, and credit cards. Rich people, and corporations, have teams of specialized attorneys to help them navigate the Treasury Department’s incomprehensible tax codes. Passage of the bill would squeeze small businesses and middle and upper-middle-income individuals for more tax money. These are more vulnerable targets. Most of us do not have access to the kind of expertise required to protect our privacy. Don’t rely on the government to protect your constitutional rights. We need to wake up and be proactive about our finances. Gold is an anonymous store of wealth and an insurance policy against fiat currency collapsing. The reason people hold gold is to protect themselves against inflation. Transferring some of your government-monitored investments (anything on paper or in electronics) to precious metals that you possess will help protect you from the threat to financial privacy. Still, the sooner you act, the more prepared you’ll be. The South African Krugerrand was the original bullion coin. Today many governments on the planet have gold bullion programs, but for years, the Gold Krugerrand was the only game in town. The South African government created its bullion program to promote their vast natural gems and precious metals resources. The Krugerrand is 1 Troy ounce of 22-karat gold that features a sculpture by Otto Schultz of the four-term President of the South African Republic, Paul Kruger. The reverse side showcases Coert Steynberg’s design of the national animal of Africa, the Springbok Antelope. It’s no wonder South Africa was the first country to produce a gold bullion coin. The government has the largest gold reserves in the world. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ There is a growing threat to our financial #privacy. The seeds of it have already begun to grow even as you listen to this episode. The bill proposed by the Biden administration is just another marker that the US is trending towards a police state. More about it later in this description. Against the backdrop of continued uncertainty are more indications that the stock market is not attached to reality. Although the stock market has been a roller-coaster ride, it seems to be stronger than the economy. How can that be? While it’s true that the stock market tends to be forward-leaning, there’s no denying that the Fed has been intervening in unprecedented ways. Interest rates continue to be as low as they can go, while quantitative easing (the printing of money) has become a perverted form of standard monetary policy. Much of this printed money has propped up the markets like a house of cards. Ken Russo, the VP of the Midas Gold Group, rightfully calls the stock market “A ticking time bomb. The stock market could crash at a moment’s notice, and not everybody has 30 years to wait out that next cycle.” What Happens if the Federal Reserve Continues to Print Money? Ken explains that the outlook is grim whether the Fed continues printing currency or not. If the Fed stops printing money, the stock market will crash. If quantitative easing continues, everyday goods become unaffordable for most people, and the wages buy less and less. Either way, it’s a financial crisis, and people need to take action now to protect whatever buying power they may have today. Financial Reporting and the Continued Erosion of Rights to Privacy The financial reporting bill proposed by the Biden administration is a disturbing sign of things to come. Under the guise of recapturing the loss of an estimated $600 billion in taxes owed, President Biden and congressional leaders are pushing a chilling proposal. The IRS wants to track every bank account transaction in the US. Every deposit and withdrawal you make will fall under IRS scrutiny if the Treasury Department has its way. The Threat to Our Financial Privacy is a Violation of the Fourth Amendment To remind everyone, our Fourth Amendment to the US Constitution protects the personal privacy of citizens. Every citizen has a right to be free from unreasonable government intrusion and warrantless searches into their homes, businesses, and property. Politicians claim it’s necessary to catch tax cheats. Whether the threshold is $600 or $10,000, the proposed financial reporting requirement is an unjust invasion of your privacy. How Does #Gold Protect Us Against the Threat to Our Financial Privacy? The reason people hold gold is to protect themselves again inflation. Transferring some of your government-monitored investments (anything on paper or in electronics) to precious metals that you possess will help protect you from the threat to financial privacy. The sooner you act, the more prepared you’ll be. Gold is an anonymous store of wealth. Since the year 2000, gold has outperformed the Dow by 60%. Featured Precious Metal Product Since 1979, the Canadian Gold Maple Leaf has been a mainstay in the global bullion coin market. The Canadian Gold Maple Leaf dominated the coin bullion industry until 1986 when the American Gold Eagle showed up on the market. Today, the Canadian Maple Leaf gold and silver bullion coins are the second best-sellers in the world (second only to the American Gold and Silver Eagles). At a gold purity level of 99.99%, Canadian Gold Maple Leaf coins are the purest gold coins in the world. The bullion coins created by the Royal Canadian Mint have multiple high-tech security features implemented into the design starting in 2013. Beginning with micro-engraved marks, two years later, the Mint added unique radial lines in the background of the design. These lines are spaced in such a way as to create a light diffracting pattern that has become part of the Maple Leaf character. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Dave Deno begins this emotionally charged discussion about how the withdrawal from Afghanistan and other controversial political maneuvers can further weaken the confidence in the US Government and its currency. The US withdrawal from Afghanistan was chaotic and poorly planned. The human toll was dire, and the aftershocks continued to ripple around the world. It’s no wonder that even our staunchest allies will think twice about the US again, says Marine Corps veteran and a principal with the Midas Gold Group, James Clark. Will the dollar be immune from the loss of faith amongst the international community? Or will the global community begin to lose enough confidence in the US that it adversely affects our financial stability? The withdrawal from Afghanistan is a wound to US integrity, and it can’t help but cast further doubt the US dollar will remain the world’s reserve currency. After World War II the Bretton Woods agreement established the US dollar as the world’s reserve currency. Because of our military victories, global confidence in the US was at an all-time high. A delegation of 44 countries converged on Bretton Woods, New Hampshire. The result of the conference was a new international monetary system that settled global balances in dollars, and US dollars were convertible to gold at a fixed exchange rate of $35 an ounce. The United States promised to keep the price of gold set at $35 an ounce and to to adjust the supply of dollars to maintain confidence in future gold convertibility. Bretton Woods remained until US deficits led to foreign-held dollars exceeding the gold held by the US government. This imbalance between gold and currency implied that the US couldn’t live up to its obligation to redeem dollars for gold at the official price. Following the rules set forth by the Bretton Woods system hampered US economic growth. It certainly flew into the face of US inflationary monetary policy. The tipping point came when the government bean counters realized only about a third of the gold bullion necessary to cover the number of dollars in foreign hands. Consequently, in 1971, President Nixon ended the agreement and the dollar’s convertibility to gold. Closing the gold window of exchange enabled President Nixon to enact his new economic policy known in history as The Nixon Shock. A few decades later, and an untold number of promises broken, the track record has been grim compared to the post-World War II gold standard era (1947 to 1970). It turns out that having the ability to manipulate the quantity and value of the dollar hasn’t worked out well. The median income for families today is about half of what it would have been otherwise. The dollar has consistently lost its value. Compared to the pre-Nixon Shock event, our current dollar is worth about a dime. The world has suffered more than a dozen financial crises, including the horrendous 2008-09 meltdown, which many experts warn is just a speed bump to what lies ahead. In the meantime, the average American family cannot save enough for their children’s education or retirement. We continue to mortgage our children’s future for immediate gains today. It is immoral, and there will be a reckoning. If Nixon and his successors had kept the agreement that one dollar was worth 1/35th of an ounce of gold, a barrel of oil today would sell for a few dollars. The US government would have the global reputation of keeping its promise. The Gold American Eagle is the most popular bullion coin in the world. Created by the United States Mint, the American Gold Eagle program was a groundbreaking achievement that immediately captured the imagination and attention of the world. The Gold American Eagle represents a watershed event in precious metals because it made the US enter the national and global coin market. The South African Krugerrand and the Canadian Gold Maple Leaf were the dominant coins, even in the United States. In the early 1980s, internal resistance to apartheid in South Africa led to increasing violence. President Reagan took a stand against the South African government and banned the Krugerrand. Soon after, the US created the Gold Bullion Coin Act. The US Mint got to work producing 22-karat gold bullion coins in different sizes and denominations. The debut of the American Gold Eagles one ounce happened in October 1986 and was a tremendous success. Gold Eagles dominate the US gold market. They carry the highest premiums over spot value and are also the easiest to liquidate. _____________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Inflation is a decrease in your dollar’s purchasing power. You may have noticed that everyday items are costing more and more. As Ken Russo, senior VP of the Midas Gold Group points out in this episode, the inflation rate is at a 29-year high. While the actual #inflation rate might change, prices won’t be going down. Another way to look at it is the value of the US dollar is declining. One thing is sure, the value of the currency diminishes as time passes. It’s been that way since the early 20th century. For example, a dollar in 1913 had the same buying power as $26 in 2020. Think of the candy bar that cost 5 or 10 cents in the early 1960s and now costs 1 dollar. A weaker #dollar at home means a weaker dollar abroad. Inflation also increases prices on imported goods, which contributes to inflation. Commodities, in general, have an inverse relationship with the value of the dollar. As the dollar value falls, the dollar-denominated prices of commodities must rise to reflect their unchanged intrinsic value. Correspondingly, in an inflationary environment, #gold and #silver values will continue to grow. Severe monetary disruptions will continue to occur in the months and years ahead. This episode suggests actions you can take immediately to protect your buying power. What Causes Inflation? Many factors cause inflation. The main idea is that ever since the gold standard was abandoned, currency ceased having actual worth. The US dollar only has value because the government, and its citizens, agree that it has value. The citizens believe in the government because they have confidence, well, for the most part, in the government. It is fiat money. There is plenty of ongoing uncertainty in the world. The US economy continues to tumble, and the continuous printing of money will ensure the US dollar gets weaker and weaker. What Can You Do to Offset the Effects of Inflation? Having too much cash is a risk to individual finances. If you have more than six months’ worth of expenses, you are putting yourself at risk. The US dollar was first linked to gold in 1792. President Nixon cut the umbilical cord in 1971. Between those two events, there had been disruptions due to wars and the Great Depression, but the dollar’s ultimate value was tied to the stability of gold. It was a system of fixed weight and measures. It helped maintain the value of the dollar. Money is a measure of value and works best when that value is stable. Gold keeps its intrinsic value better than anything else, and it has done so for 3,000 years. Gold serves as a kind of guideline. Sometimes the spot price of gold wavers because the value of the currency fluctuates. Gold is the perpetual barometer. Featured Precious Metal Product One of the oldest and most popular gold bullion coins ever is the 1 oz gold Krugerrand. The gold Krugerrand, minted by the Republic of South Africa, is the first modern government-issued gold bullion coin. It features the four-term President of the South African Republic, Paul Kruger, on the obverse. The reverse has Coert Steynberg’s design of a Springbok Antelope. It’s no wonder South Africa was the first country to produce a gold bullion coin. The government has the largest gold reserves in the world. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ David Walker, the former Controller General of the US and head of the Government Accountability Office, said it best over 10 years ago. "I would argue that the most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility." In this episode of The Gold Standard, Dave Deno talks with the Senior VP of the Midas Gold Group, Ken Russo, about the dangers of wealth destruction. The financial dangers include multiple problems that have been unaddressed for decades. These include the global trade imbalance, budget deficits, out-of-control currency creation, insurmountable debt, and its unfunded liabilities. Ken Russo paints a bleak picture, but it's not all doom and gloom. Although the facts are sobering, there are steps you can take to protect whatever assets you may have. Namely, holding physical precious metals like gold and silver. The featured bullion product is one of the world's most sought-after gold bullion coins, Australia's Gold Kangaroo. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ The Problem with the US Debt Relative to the size of the national economy, the US debt is larger than at any time since the end of World War II. Debt is a problem that has no end in sight and is expected to climb from 75% of the Gross Domestic Product to over 120% by 2040. The burden of out-of-control debt increases the risk of financial crisis including a severe devaluation. In this episode of The Gold Standard, Dave Deno and Ken Russo, Sr. VP of the Midas Gold Group, talk about the national debt and the urgency for you to safeguard your wealth. Ken explains how history has shown what happens to civilizations that continue down the path of runaway spending, excessive printing, and debasing of fiat currency. Fiscal irresponsibility has brought down the most powerful empires that have ever existed. Why Does the US Debt Matter? Ken Russo explains how the experiment has failed. Soon they'll have to come up with some other plan. Is a digital currency an alternative to national currency? It's a startling question with staggering implications. • Rising federal debt reduces our flexibility to plan for and respond to an urgent crisis • Growing interest costs make it harder to invest in the future • Citizens face emerging and ongoing challenges that will require resources to keep going • Borrowing more reduces options for the next generation. Your grandchildren and their children are going to be struggling with the untenable debt load which we created for them. Fiscal Responsibility is About Preparedness What will be the next major test that our nation faces? Will it be an economic downturn, a national security threat, or some other crisis? There’s no way of knowing, but we must prepare, and preparation starts at home. The bottom line, each of us must do what we can to protect our buying power. That’s the message Ken Russo wants everyone to hear. Physical gold and silver is the most reliable form of money. It will always be there when you need it. What Steps Can You Take to Prepare for the Coming Storm? Our government must address the fiscal challenges and put our debt on a sustainable path. Being fiscally responsible is the only way we can get ahead of the problem and start planning proactively. We will not get out of debt by issuing more debt which has been the course of action for decades. As Ken Russo points out early in the discussion, Ronald Regan adopted a national debt of $900 Billion. President Biden inherited $28 Trillion. The government continues to spend more than it brings in. For this reason, people must act now to protect their wealth from the corrosive effects of inflation. Remember, it is not too late to start taking steps to preserve your buying power. For 11 years, the Midas Gold Group has protected clients and is the top veteran-owned precious metals dealer. The featured product is the majestic Silver Britannia. The Silver Britannia is a symbol of resilience and strength. Philip Nathan created the original design in 1997 to depict Britannia as a heroic lady guardian who protects the homeland with a trident she holds in one hand while embracing peace symbolized by the olive branch and shield in the other hand. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ The price of gold is the subject of this episode of The Gold Standard. When people talk about the price of gold, they’re talking about the "spot price" of gold. The spot gold price is quoted in price per ounce using US dollars. Since gold is bought or sold somewhere in the world 24 hours a day, the spot price fluctuates. The Gold Standard podcasts have taken a close and sobering look at the US debt and how dangerous it can be for the financial health and well-being of individuals. As background to the discussion at hand, let’s first look at what history teaches us about tremendous debt and the debasement of currency. “The farther backward you can look, the farther forward you are likely to see.” (Winston Churchill) The Difference Between Currency & Money Since the dawn of civilization, there has been a struggle between currency and money. Historically, societies start with gold and silver. In fact, the precious metals minted into coins of equal weight as far back as Lydia, around 680 BC. Gold and silver come from nature. It is God’s money, if you will. It can’t be created. There is only so much of it available to us. Men create currency as a medium of exchange. Through the ages, the currency began representing the value of gold and silver. Still, inevitably, greed takes over, and the kingdoms no longer want to be tied to the finite amount of gold and silver in their possession. This ambition for more always leads to the creation of a fiat currency. The ancient city of Athens was the first democracy and one of the great civilizations long before the Roman Empire. Greed and arrogance led to war and the debasement of their currency, and Athens came to an end. It’s a pattern throughout history that has repeated itself again and again. Governments, large and small, stipulate the value of their currency, but it does not have value itself, nor can it store value. Money has intrinsic value and always will. There are good reasons why gold has been a reliable store of value for over 4,000 years. Ken Russo, the VP of the Midas Gold Group, tells host Dave Deno that people should think of gold as money; and, he gives some good reasons to suggest gold is an alternative form of money. Ken reminds us that the spot price of gold in 1972, just after President Nixon took the country off the gold standard (ending the Bretton Woods System), the spot price of gold was $38 an ounce. In 1999, an ounce of gold was $250. By the end of this year, the price will be around $2,000 an ounce. $25,000 invested in Gold in 1972 would be worth $1.2 million today. Gold has held its value over the years, while our government-issued paper currency has lost 97% of its buying power. Once the dollar was no longer convertible to gold, all paper currencies became free-floating. The dollar buys less and less with every passing day. The debasement of our currency is only one of many ingredients forming a perfect financial storm. The necessity of owning physical gold as part of your financial portfolio has never been as urgent as it is now. "We’re buying gold for wealth preservation and protection," Ken reminds us, "not for profit potential. Gold will get you through financial chaos." History teaches us that those who hold onto real money, instead of currency, reap the rewards many times over. What Determines the Price of Gold The price of gold, as you’ll learn in this episode, is driven by several factors, including currency devaluation, the amount of gold held in central bank reserves, and the demand to hold gold as a hedge against inflation. Featured Precious Metal Product Appropriate to the theme of this episode is our featured precious metal product, the Gold Valcambi CombiBar. Valcambi Suisse pioneered the separable gold bar enabling customers to break off bar chunks into individual segments. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Economic conditions continue to develop towards a financial crisis, unlike anything we've seen before. During uncertain and volatile financial environments, savvy investors know it's time to diversify their portfolios. But what about the rest of us? Dave Deno and guest Ken Russo, Sr. VP of the Midas Gold Group, talk about the basics of how to set up a Gold IRA account. Many people don't realize they have the option to roll over all or part of their retirement accounts into physical #gold and #silver. When moving funds from an IRA or retirement account to a Gold IRA, there are no tax implications. Besides gold, a Precious Metals IRA can own three other types of precious metals: silver, platinum, and palladium. A Precious Metals IRA is a wise choice of investors hedging against inflation. It offers a unique level of diversification against events such as stock market crashes, credit contraction, war/geopolitical tensions, and real estate market corrections. In this episode, Ken gives a vivid description of the 1 oz. Gold American Buffalo, an IRA-eligible bullion coin from the US Mint that, as Dave Deno says, "harkens back to earlier American coins." Listen to this podcast to learn about wealth preservation, how you can protect your money from inflation, unstable market conditions, and the continual devaluation of the US dollar with physical gold in your possession and/or a Gold IRA transfer. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ First, we began losing our privacy through the electronics we use. Social media made it trendy to share and follow. We now have a generation of people who are willingly live without privacy. But our founding fathers knew they needed to protect a person's right to privacy and freedom from unreasonable intrusions by the government. That's why they included the Fourth Amendment of the US Constitution. They have debased this law just as they have debased our currency. In this episode of the Gold Standard, Dave Deno and Ken Russo, Sr. VP of the Midas Gold Group, talk about #financialfreedom, #financialprivacy, and the possibility of a cashless society. It may seem like some distant fiction, but it's not. As Ken Russo says, "the hourglass has been tipped. And time is running out." This thought-provoking discussion starts with a brief description of how money began. It was a promissory note that was back by #gold or #silver in the bank. Once the #dollar was removed from the gold standard, the Federal Reserve could print as much #fiatcurrency as they wanted. Fiat currency isn't tied to anything (except increasing amounts of debt). The system of fiat currency has been an experiment. Ken Russo explains how the experiment has failed. Soon they'll have to come up with some other plan. Is a digital currency an alternative to national currency? It's a startling question with staggering implications. At some point, they will have to reset. The financial system will have to start over. There is talk of a digital reset. Dave and Ken discuss the digital wallet and how that will take away the last of our privacy. What role will physical gold and silver have in a completely digital financial system? Join the discussion. Remember, it's not too late to start taking steps to protect your wealth and privacy. The featured product is the world's leading silver bullion coin, the American Silver Eagle. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Join Dave Deno and Kenneth Russo, Jr, Sr. VP of the Midas Gold Group, as they talk about inflation and its corrosive effects on your purchasing power. Since Nixon took us off the gold standard in 1971, the US dollar has become unreliable and held together by wavering confidence in the government. Today, the paper markets are dangerous. Never before in the history of the U.S. have we seen so much printing of money and runaway debt. The US Government, as well as others around the world, have injected stimulus money at a record pace in efforts to avoid a global #recession. This increase in the money supply erodes the purchasing power of money. Kenneth predicts a major financial crisis within the next 5 or 10 years. If you haven’t already taken steps to protect your wealth and guard against hyperinflation, the time to do something about it is now. As the #dollar continues to lose value, it’s important to buy precious metals. Case in point, the 1 oz American Gold Eagle valued today at around $2,000 could be valued at around $3,000 in the next 3 to 5 years. If the 2,000 dollars were simply kept in cash savings, each dollar would lose purchasing power over time. Cash has always lost value over time. While there are many ways to purchase #gold and have it as part of a portfolio, Kenneth recommends holding physical #bullion coins or bars. Physical gold has been the most reliable store of value for the past 3,000 years. The Midas Gold Group is proud to be America’s #1 veteran-owned gold dealer supporting veterans causes with a portion of profits donated to the Wounded Warriors Project and the Semper Fi Fund. So your investment in your future is also an investment in the future of those who have bravely served the cause of freedom. Visit us at https://www.midasgoldgroup.com/ or call (480) 360-6000 ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Kenneth Russo, VP of the Midas Gold Group talks with Dave Deno about the falling #dollar. Kenneth points out how the weakening of the dollar is a threat to our economy and every citizen. The danger to your savings and investments cannot be overstated. There is a real possibility of currency collapse. In this episode, Kenneth echoes what many of the leading economists have been warning us about. Think that a currency collapse can’t happen to the US dollar? You might want to consider what history has shown. Remember what happened to Ancient Rome and Athens. Since the 1900s Argentina, Ukraine, Hungary, Iceland, Venezuela, and Germany, have all experienced currency crises. Look around today, in our own country, the tell-tale signs are there. Prolonged periods of low growth, mounting debt, and growing inflation are signs of instability and troubled times ahead. When people begin losing confidence in their currency as a medium exchange, it begins to fall. Investors are worried that the US dollar will continue to fall to the point of collapse the way the German Papiermark did in 1921. Later in the program, Kenneth introduces us to the world’s first-ever gold #bullion coin. The Gold #Krugerrand was first minted by the South African government in 1967. It was the first bullion coin to be made available for private investment. Whether you are new to buying #preciousmetals or you’ve been investing in gold and silver for years, you’ll find the conversation informative and insightful. It’s not too late to begin protecting yourself against the ravishes of inflation and a highly speculative market. Learn more about how you can diversify your portfolio today. The Midas Gold Group is proud to be America’s #1 veteran-owned #gold dealer. supporting veterans causes with a portion of profits donated to the Wounded Warriors Project and the Semper Fi Fund. So your investment in your future is also an investment in the future of those who have bravely served the cause of freedom. ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ This episode of The Gold Standard Radio Show explores the performance of #gold against the performance of the American Stock Market. Kenneth Russo, Jr, Sr. VP of the Midas Gold Group explains why, in the face of #hyperinflation, an erratic market, and unsurmountable #debt, people are looking for #safe-haven assets, a way to safeguard and perhaps even grow their wealth. Kenneth explains there are opportunities in many markets, but he warns there is a great deal of speculation as well. While the stock market has always been a bit of a gamble, gold has proven to be reliable and a necessary component of any portfolio. “Gold has, since 1999, outperformed the DOW by 60%.” Dave and Ken talk about ways people can get into gold by rolling over a portion of your holdings to a Gold IRA. You can also purchase gold bullion coins, such as the Canadian Maple Leaf or the American Gold Eagle, one at a time, or use an IRA or 401(k) to purchase a bunch of them. Not only is gold discussed as a way to preserve wealth but as a way to protect against #cyberattacks. Host Dave Dino talks about the vulnerability of banks and other institutions to hackers. Ken explains, “You have to have a portion of your wealth staged in physical, tangible assets that are not subject to the electrical grid. There is no third-party risk.” The Midas Gold Group is proud to be America’s #1 veteran-owned gold dealer. supporting veterans causes with a portion of profits donated to the Wounded Warriors Project and the Semper Fi Fund. So your investment in your future is also an investment in the future of those who have bravely served the cause of freedom. For more information visit https://www.midasgoldgroup.com/ or call (480) 360-6000 ______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Dr. Sebastian Gorka, former Deputy Assistant to President Trump is endorsing Midas Gold Group. ________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/