Midas Gold Group

https://www.midasgoldgroup.com/ Jennifer Horn and Ken Russo announce gold leaped over $2,000 an ounce last week. It’s a forecast of things to come. With gold and silver prices on a remarkable upward trajectory, Russo emphasizes the wisdom of diversifying a portion of your nest egg with these precious metals while you still can. When you consider all the things happening in our economy and how we’re seeing the value of the dollar being stripped away like so many layers of an onion, it’s the sensible thing to do. Meet “Sensible Ken,” the moniker adopted by The Gold Standard’s insightful guest, Ken Russo. With an astute perspective on the current financial landscape, sensible Ken encourages us to take stock of the rampant money printing, escalating government expenditures, and the mounting burden of national debt, not only in our nation but across the globe. He prompts us to ask the question, “What’s the sensible way to approach our finances? How can we safeguard a portion of our nest egg, ensuring a measure of security regardless of what unfolds?” In a world where economic uncertainties abound, sensible Ken provides invaluable insights into the prudent steps we can take to fortify our financial well-being. In our fractional banking system, the money you deposit isn’t stored in your local bank as one might assume. Instead, it operates on a fractional reserve basis, meaning only a fraction of deposited funds is kept in reserve. At best, the rest is lent out to borrowers. At worst, is given to speculators to gamble with your money. Potential risks? When numerous customers withdraw funds simultaneously, it can strain the bank’s ability to meet the demand, potentially resulting in a bank run. It’s not a far-fetched idea. All of us have witnessed the devastating impact of bank runs this year. It’s to the government and other stakeholders’ advantage to downplay the significance of gold. Avoiding any shift towards a gold-backed system ensures control over monetary policy. The Fed wants the power to print money. Consequently, there has been a historical pattern of efforts to influence the spot price of gold, often to discourage an over-reliance on the precious metal as a store of value. These actions impact investor sentiment and potentially dissuade individuals from exploring gold as a viable safeguard for their wealth. Recognizing this dynamic is crucial for investors seeking to make well-informed decisions about diversifying their portfolios, ensuring they are not unduly influenced by narratives that may not align with their long-term financial interests. The leaders of our financial system often find themselves in a predicament where they resort to printing more currency as a means of managing economic challenges. This practice, while providing short-term relief, can have long-term consequences for the value of our dollars. As more currency floods the market, it dilutes the overall value of each dollar in circulation. We all know this phenomenon as inflation. Inflation erodes purchasing power and can lead to rising prices for goods and services. Consequently, individuals may find their dollars have diminished buying power over time. Recognizing this dynamic is pivotal for individuals seeking to safeguard their financial well-being. From the mid-1930s to the mid-1960s, the value of gold was firmly fixed by the US Government at $35 an ounce. That is until August 15, 1971, when President Richard Nixon took us off the gold standard. The Nixon Shock was the end of the United States’ commitment to converting dollars to gold at a fixed rate. Later, Congress and President Ford, in 1974, reinstated the private ownership of gold coins, bars, and certificates. The Gold Bullion Coin Act of 1985 introduced the American Gold Eagle, a genuinely competitive American bullion product with full legal tender status, cementing a new era in the ownership and trading of precious metals. During the conversation, Ken pulls out one of his favorite coins, the American Gold Eagle. Since the Bullion Coin Program started in 1986, the American Gold Eagles have been struck at the Philadelphia and West Point mints. They are the most popular gold bullion investment coins in the world. These Gold Bullion coins mark a historical moment in American coinage. The American Gold Eagle invokes a strong sense of American heritage and culture. American Gold Eagle coins are made in four denominations. The most popular of which is the $50, or one-ounce. Each shares the same obverse and reverse designs. The front of the coin is a modified rendition of Augustus Saint-Gaudens’ famous Liberty sculpture from the Double Eagle series minted between 1907 and 1933. Gold Eagles are IRA-eligible, so you can include them in your retirement accounts. ____________________________________________________________________________________________________ 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 of The Gold Standard, Ken Russo joins Jennifer Horn as they discuss ways to safeguard your finances against the ravages of the inevitable storm heading our way. They confront the stark reality of the precarious state of our financial system. The words of caution echo: “Large government deficits exist and will almost certainly increase substantially, which will require huge amounts of more debt to be sold by governments…” This dire prediction underlines the perilous over-leverage that threatens to erode the very foundation of our currency’s value. The 2008 Financial Crisis had specific culprits, but the mid-March 2020 liquidity run revealed a broader, systemic vulnerability. Enter the Federal Reserve, stepping in to purchase treasuries at an unprecedented scale, a move often labeled “printing money.” While stabilizing interest rates, this strategy inadvertently widens the gap between Wall Street and Main Street, exposing the average citizen to future inflation risks. The looming question is: Can this strategy continue indefinitely? With the COVID-19 pandemic persisting and interest rates near zero, the Fed’s balance sheet will swell to unparalleled proportions. Financial asset prices, particularly in equities, may surge, masking a collision course with increasing Main Street insolvencies and unemployment. Yet, easing up on printing money could lead to deflation akin to Japan in the 1990s or even rapidly escalating inflation, creating a harrowing scenario of secular stagflation. But why can the US confidently print money when other nations cannot? The key lies in the US dollar’s status as the global reserve currency, insulating it from the currency risk faced by most other countries. However, a disruptive force emerges as the world shifts towards new monetary policies, led by the central bank digital currency (CBDC) concept. This revolutionary approach fundamentally reshapes how governments manage their finances, wherein every individual and business holds an account with the central bank. Central Bank Digital Currency or CBDC-based policy eliminates the need for issuing bonds, allowing direct spending with printed money. This paradigm shift introduces a new level of control over money, with units tagged with specific rules. CBDC will also raise a new level of government surveillance over its citizens. The emergence of CBDC-based policies in major economies like China, Japan, or the Eurozone could challenge the supremacy of the US dollar as the global reserve currency, potentially altering the financial landscape profoundly. “We are devaluing American money so rapidly that in America today, you can’t even bribe Democrat senators with cash alone. You need to bring gold bars to get the job done.” — Rep. Matt Gaetz, R-Florida Florida State Representative Matt Gaetz is increasingly outspoken about the dire fiscal situation facing the United States. With the country drowning in a staggering $33 trillion of debt, equivalent to about 119 percent of the GDP, his concerns are far from unfounded. The Congressional Budget Office forecasts a federal budget deficit of $2.2 trillion for 2023, making it clear that the nation’s financial woes are only escalating. Gaetz staunchly maintains that he’s advocating a return to the fiscally conservative principles that defined the Republican party. He believes that the absolute chaos lies in a ballooning debt and an annual deficit that threatens the stability of the nation’s economy. As the value of American currency continues to plummet, Gaetz’s call for fiscal responsibility gains even more urgency, highlighting the pressing need for a robust and sustainable financial strategy. In the wake of the Silicon Valley Bank and Signature Bank failures in March 2023, echoes of the 2008 financial crisis resound, leaving Americans questioning the stability of their banking institutions. While government officials aim to soothe concerns, recent events have undeniably sparked worry about the safety of hard-earned money. There are real concerns regarding the banking system’s financial stability. If you’re one of those who worry about a potential financial setback, you’re not alone. People with higher incomes who are acutely aware of FDIC coverage limitations. How many people still believe in the government’s ability to avert a crisis similar to the catastrophe of 2008? For many of us, the specter of a 2008-style is hard to shake. One thing is for certain, our fractional reserve banking system’s inherent instability necessitates a critical reevaluation of where we place our financial trust. ____________________________________________________________________________________________________ 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 are at a financial crossroads. Treasury yields are soaring to high levels and many events are shaping rough times ahead economically. Hostess, Jennifer Horn talks with Ken Russo to discuss strong reasons to own physical gold and silver. They point to the current challenges facing our nation and the world. Purchasing power, the legacy of your wealth, and your financial privacy, all these things are in jeopardy. Recent bank collapses have alerted everyone to the instability of our fractional reserve banking system. Silicon Valley Bank, Silvergate Bank, First Republic, and Signature Bank were among the fallen. What’s to blame for the collapses? Treasury bond losses. Exposure to the cryptocurrency market. Human greed. The collapses of First Republic Bank, Silicon Valley Bank, and Signature Bank stand as the second, third, and fourth-largest bank failures in US history, surpassed only by the collapse of Washington Mutual during the 2007–2008 financial crisis. Investigations by federal agencies focus on stock sales made by senior officers preceding the bank’s demise. The shockwaves have been felt throughout the banking sector and the broader financial landscape. Analysts and policymakers are taking steps to prevent more collapses, but many see these bank collapses as only the beginning. Ken Russo highlights a critical concern – the rapid national and global debt escalation. The US accumulated its first 10 trillion dollars in debt over 232 years. After the 2008 financial crisis, this surged by 9 trillion in just nine years. The subsequent 10 trillion took only four years, with an astonishing 2 trillion added in the last few months. The US accumulates debt at a staggering 1.2 billion dollars per hour. The US Federal debt alone stands at a staggering $33 Trillion. But it’s the unfunded liabilities that pose the most significant challenge. Social Security and Medicare, paint a sobering picture of the financial future. Social Security’s unfunded obligations have more than doubled in the last decade, surging to an alarming $20.4 trillion, equating to $157,000 per household. The latest Social Security fact report paints a dark picture for prospective retirees. Social Security will reach insolvency by 2035, a mere 13 years away. Medicare’s projected insolvency looms even closer in 2028, a mere six years from now. Central Bank Digital Currency (CBDC) is inevitable. Issued and regulated by the Fed, CBDC will ultimately become the national currency. Instead of cash, you’ll have credits that the Central Bank will control. While they promise it as a new way of enhancing financial inclusion, streamlining payment systems, and providing more effective monetary policy tools, it will give them high monitoring and control over everyone’s finances. Concerns over privacy, cybersecurity, and impacts on traditional banking are essential considerations, but it will happen. As governments and central banks worldwide implement CBDC, they must balance innovation with safeguarding financial stability. The recent expansion of the Brazil-Russia-India-China-South Africa (BRICS) group, including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE), signals a strategic focus on energy resources. This move boosts the bloc’s energy production and diversification. Saudi Arabia’s inclusion strengthens its economic ties with China, solidifying China’s position as its top oil importer. Iran’s enduring partnership with China, centered on oil and gas, cements its role as a vital trade ally. Despite presenting a robust energy consortium, the BRICS nations grapple with internal divisions and rivalries rooted in geopolitical and strategic differences. One common thread unites them is the desire to break away from dependency on the US dollar. The Indian Head Buffalo Silver round is distinctive in precious metal investments. Unlike government-issued bullion coins, which are minted and backed by a national government, the Indian Head Buffalo Silver round is privately minted. Its design pays homage to the iconic Buffalo Nickel, featuring the profile of a Native American chief on the obverse and a majestic buffalo on the reverse. While not considered legal tender, these rounds are highly valued for their fine silver content and artistic craftsmanship. Investors favor them because they have lower premiums compared to government-issued coins. The lower cost per ounce of silver makes the Indian Head Buffalo Silver round attractive for those looking to add physical silver to their investment portfolio. ______________________________________________________________________________________________ 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/

https://www.midasgoldgroup.com/ In this episode of The Gold Standard, Jennifer Horn and Ken Russo answer questions sent in by our dedicated subscribers. But before addressing your queries, Jennifer and Ken review the 1971 Nixon Shock, a pivotal moment that set the stage for the financial challenges the United States faces today. In this episode, you’ll discover the critical events that have shaped our nation’s economic landscape and gain valuable insights into how they continue to impact us. You’ll also learn how to safeguard your financial future in today’s complex economic environment. Bullion Bars or Coins? The choice between bullion bars and coins ultimately depends on individual investment goals and preferences. Ken Russo believes gold and silver are real money. As such, he leans towards bullion coins. These coins, like the American Gold Eagle or Canadian Maple Leaf, offer both the purity of precious metals and the advantage of recognizability and divisibility. You can easily trade bullion coins. Many countries recognize bullion coins as legal tender. Moreover, coins often feature intricate designs, adding aesthetic appeal. Bullion bars, on the other hand, are valued for their high purity levels and typically come with lower premiums over the spot price, making them an economical choice for substantial investments. What is an ETF? Good for Diversification? An ETF, or Exchange-Traded Fund, is not physical gold or silver. ETFs are financial instruments that track the performance of a specific index, commodity, bond, or basket of assets. While they offer exposure to various markets without purchasing the underlying assets directly, they don’t align with The Gold Standard’s principle of owning tangible, physical gold. Unlike physical gold ownership, ETFs are essentially paper assets representing gold holdings. Owning gold you can hold is the preferred approach. Owning precious metals means acquiring solid bullion bars or coins, providing a tangible and enduring store of value. Physical gold isn’t subject to counterparty risks, and its value isn’t contingent on the performance of financial markets or the stability of financial institutions. Can I diversify my IRA with precious metals? You can diversify your Individual Retirement Account, or IRA, with precious metals by doing a Self-Directed IRA. A Self-Directed IRA allows you to hold physical assets like gold, silver, platinum, and palladium within your retirement portfolio. This approach provides a unique opportunity to safeguard your wealth by adding tangible assets alongside traditional investments like stocks and bonds. It’s crucial, however, to work with a reputable dealer, like the Midas Gold Group, experienced in handling precious metals in IRAs to ensure compliance with IRS regulations. By incorporating precious metals, you introduce an additional layer of diversity, potentially reducing overall portfolio risk and enhancing long-term wealth preservation within your retirement savings. Should I Choose Gold or Silver? Choosing gold or silver is an old debate. Consider that silver, with its lower purchase cost than gold, presents an intriguing opportunity for investors. Even a modest increase in the value of silver can yield substantial profits, thanks to its more accessible entry point. Although silver tends to be more volatile, it is up 388% over the last twenty years and 61% over the past five. Silver can play a diversifying role for retirement investors because it tends to retain its value over time and outpace inflation steadily. Gold is pricier, offers higher stability, and is an excellent diversification tool for your investment portfolio. Both metals can have their place in a well-balanced investment strategy. Additionally, due to silver’s extensive industrial applications, it holds a strategic status, further adding to its investment appeal. Silver American Eagle Ken Russo’s favorite, the Silver American Eagle, speaks to the coin’s remarkable significance in precious metals. Crafted with impeccable quality and precision, the Silver American Eagle is a striking testament to the artistry of minting and a powerful symbol of American heritage. Adolf Weinman’s iconic design from the 1916 half-dollar, the Silver American Eagle, which features Lady Liberty, draped in the American flag, striding towards the dawn of a new day, evokes a sense of freedom and hope. The Silver American Eagle is a reliable store of value, with its weight and purity guaranteed by the US Government. Its legal tender status and widespread recognition worldwide make it a cornerstone in the portfolios of those seeking to safeguard their wealth. ____________________________________________________________________________________________________ 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, Jennifer Horn and Ken Russo discuss half a dozen reasons to own gold. They explore why this precious metal remains one of the most stable and reliable stores of wealth, even during times of uncertainty and chaos. Uncover the invaluable insights and timeless wisdom that make gold a cornerstone of wealth preservation. In an uncertain economic climate, gold is on the verge of achieving historic highs, up 10% this year and approaching an impressive $2,040 per ounce. Analysts suggest that this surge is far from over. Factors such as a weakening US dollar and an unstable banking system stress bolster the case for gold. Nothing takes the place of owning physical precious metals. Not exchange-traded funds. Not gold mining stocks. Here are some of the reasons Ken Russo discusses in this episode of The Gold Standard. Navigating the Debt Crisis Our nation grapples with an escalating debt crisis because we’re addicted to spending more than bring in. With mounting fiscal challenges and uncertainties surrounding traditional currencies, gold remains a steadfast store of value. The Global Debt The United States is not alone in its addiction to deficit spending. The pervasive addiction to global debt and the rampant printing of fiat currency have set the stage for an unprecedented economic challenge. The likes of which we’ve never seen before. Inflation The ongoing devaluation of our currency is an ever-present economic concern, erodes the value of traditional currencies, and imperils purchasing power. As inflation looms, owning gold becomes strategic, offering a tangible refuge for preserving wealth and maintaining financial stability. Central Bank Digital Currency The advent of Central Bank Digital Currency (CBDC) threatens to transform the financial landscape in ways that will give the government more power to control and monitor its citizens. While these digital currencies may promise efficiency, they also raise concerns about privacy, control, and the potential for unforeseen consequences. In this evolving monetary ecosystem, it makes sense to get some of your assets out of the system entirely. The Financial System is Unstable This is an era marked by financial volatility and unpredictable market swings. Our economic system is susceptible to sudden shocks and systemic vulnerabilities. A significant contributor to our nation’s financial instability is the inherent complexity of modern financial instruments and institutions, leading to opaque and interconnected risks. The prevalence of high-frequency trading and algorithmic models amplify market volatility and can trigger abrupt downturns. Global interconnectivity means that shocks in one region swiftly reverberate across the entire financial ecosystem, rendering it more susceptible to unforeseen and far-reaching disruptions. Political Chaos Government turmoil has a profound impact on your finances. Uncertainty in government policies, shifts in attitudes about regulating markets, and volatile political climates lead to economic instability. This instability results in fluctuating markets, unpredictable interest rates, and potential disruptions to industries and job markets. Fiscal policies implemented during political turmoil influence taxation, inflation rates, and government spending, directly affecting individual income and purchasing power. Learning to stay informed and navigate these turbulent political waters becomes crucial for safeguarding your financial well-being and making informed investment decisions. War We’ve seen firsthand accounts of how wars increase government spending, often resulting in higher taxes. Inflation tends to rise, diminishing the purchasing power of currency. Furthermore, market volatility and trade disruptions lead to economic downturns, affecting job security and investment values. The costs associated with conflict, both direct and indirect, strain government budgets, potentially leading to severe long-term financial consequences. Ranging from one-ounce to 100-oz ingots, bullion bars offer a compelling investment opportunity. Their intrinsic value remains steadfast, making them an excellent hedge against economic uncertainties. Boasting high liquidity and stamped purity, they ensure transparency and authenticity. The significance of bullion bars over bullion coins lies in their lower premium over the spot price, offering more silver for the same investment. The variety in size provides flexibility for different investment goals and budgets, offering a unique avenue for diversifying and preserving wealth. ____________________________________________________________________________________________________ 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, we look at how we arrived at this crossroads of financial instability, marked by inflation and government debt. Ken Russo sheds light on the historical shift away from the gold standard. In 1971, the Nixon Shock marked a seismic shift in the global economy. Previously, the US dollar was anchored to a tangible standard - gold. The Bretton Woods Agreement of 1944 pegged the value of gold at $33. However, mounting pressure from countries like France, who preferred gold over US currency, led to a tipping point. President Nixon severed the link between the dollar and gold in response. For a brief period, US citizens were legally forbidden to own gold, a restriction lifted by President Ford in 1974. This prohibition marked a new era where a tangible asset no longer backed the US dollar but relied on confidence in the government’s stability. Since then, the dollar’s value has experienced significant erosion, compounded by a banking system plagued by insolvency risks and a government grappling with unchecked spending. In the last ninety days alone, the US Government has spent a staggering trillion dollars, equating to an over-spend of ten billion dollars daily, or $370 million each hour. As the dollar faces these challenges, more countries are exploring alternatives to the US dollar. Jennifer and Ken share a question they’ve received from one of the show’s listeners. The question is, “What is meant by drowning in debt?” Imagine a household continuously spending more money than it earns, relying on loans to bridge the gap. Over time, this debt accumulates, becoming an overwhelming burden. Similarly, on a larger scale, when a government consistently spends more than it takes in, it incurs debt. This situation, often called a system drowning in debt, can lead to significant economic challenges. One critical aspect of this financial strain lies in unfunded liabilities, which are commitments the government has made, particularly in programs like Social Security and Medicare, without adequate resources to cover them. The Social Security Trust Fund, which started in 1935, once had enough contributors to support retirees receiving payments. However, the ratio of contributors to retirees has declined, leading to concerns about its long-term sustainability. Medicare also faces funding challenges due to the decreasing number of workers supporting the program. Medicare and Social Security account for 95% of the US Government’s long-term unfunded obligations, totaling a staggering $79.5 trillion over the next 75 years. The government may have to reduce benefits, increase taxes, or both. It’s important to understand that these figures represent the gap between projected spending and total revenue. Any way you look at it, there’s a need for substantial adjustments, equivalent to about 4.9% of the country’s Gross Domestic Product (GDP) annually. Delaying these reforms will significantly increase any required adjustments in the future. This volatile landscape prompts a crucial question: How can we safeguard our financial well-being in these uncertainties? Converting some assets into precious metals like gold and silver is a strategic move for many seeking stability and preservation of wealth. Unlike paper currency, which can be affected by inflation and government policies, precious metals have intrinsic value that has stood the test of time. As Ken carefully presents the 1974 1oz Gold Krugerrand, he unveils a tangible piece of history that holds immense significance in the world of precious metals. This iconic coin, minted in South Africa, carries a legacy dating back decades. It symbolizes a pivotal moment in the evolution of gold as a recognized form of currency and investment. The Krugerrand, known for its high gold content and distinct design featuring Paul Kruger, the former President of South Africa, and the Springbok Antelope, became a trailblazer in bullion coins. In an era marked by economic shifts and uncertainties, this Krugerrand stands as a steadfast testament to the enduring value of gold, offering a timeless refuge for those seeking to preserve their wealth and financial security. Holding it in one’s hand serves as a potent reminder of the enduring power and stability that gold represents in an ever-changing economic landscape. The Gold Krugerrand is renowned for its exceptional purity and quality. This iconic coin is 22-karat gold, composed of 91.67% pure gold and 8.33% copper alloy. This blend ensures the coin’s durability and imparts a distinctive reddish hue to its surface. ____________________________________________________________________________________________________ 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 provocative episode of The Gold Standard, hostess Jennifer Horn teams up with Ken Russo, SVP of the Midas Gold Group, to dissect a pressing issue: “We’re at the Tipping Point: How to Protect Your Wealth.” As the economic landscape evolves, preparing yourself for the unexpected is essential. You must equip yourself with the knowledge and strategies to navigate these changes effectively. Gain invaluable insights into preserving wealth in today’s dynamic financial climate. A monumental shift occurred in 1913 with the establishment of the Federal Reserve, a keystone moment in American financial history. Driven by the recognition of the need for a centralized and flexible financial system to stabilize the economy, the Federal Reserve Act, championed by President Woodrow Wilson, introduced regional reserve banks. Influential figures like Senator Nelson Aldrich and leading economists were instrumental in crafting this transformative legislation. This move laid the foundation for modernizing the American monetary system and shaping the nation’s economic trajectory, such as it is. G. Edward Griffin’s book, “The Creature from Jekyll Island,” explores the Fed’s creation and suggests that the Federal Reserve was established to serve the interests of powerful banking elites. 1933, President Franklin D. Roosevelt issued Executive Order 6102, an audacious move that reshaped the American financial landscape. This historic decree made private ownership of gold illegal, demanding citizens exchange their gold holdings for US dollars at the prevailing rate, risk imprisonment, a $10,000 fine ($226,000 in today’s money), or both. It responded to deflationary pressures during the Great Depression, though controversial for its infringement on personal liberties. This order left an indelible mark on the nation’s monetary policies and practices. The Bretton Woods Conference of 1944 marked a turning point in international finance. Delegates from 44 Allied nations convened to design a new global monetary order to prevent competitive devaluations and protectionist policies. The conference birthed institutions like the IMF and IBRD, establishing the US dollar as the world’s primary reserve currency. The Bretton Woods Agreement ushered in an era of unprecedented economic stability and growth. Bretton Woods was short-lived, however, because its members wouldn’t follow its rules. President Richard Nixon’s 1971 decision to sever the US currency from the gold standard was driven by economic and geopolitical factors. Escalating inflation, exacerbated by the costs of the Vietnam War, led to concerns over insufficient gold reserves. The move granted the US government more flexibility in managing monetary policy. It marked a significant departure from traditional practices, paving the way for the fiat currency system in place today. The US forged a landmark agreement with Saudi Arabia in 1974, establishing the “petrodollar” system. This historic deal, offering military aid in exchange for exclusive oil transactions in US dollars, transformed the US dollar into the de facto global reserve currency for oil trade. The petrodollar system solidified the dollar’s position as the world’s primary reserve currency. While meticulously crafted milestones have solidified the US dollar’s status as the world’s reserve currency, recent challenges loom. As Ken points out, our country is “slipping” back on all the advancements made during the last century. The mounting national debt, unconventional monetary policies, and calls for alternative global currencies cast a shadow over its unassailable status. Emergent digital currencies and shifts in global trade dynamics signal a potential inflection point, compelling a reevaluation of long-standing assumptions. The Morgan Silver Dollar was minted from 1878 to 1904 and once again in 1921. Morgan dollars are crafted from 90% silver, embodying a time when sound money underpinned economic stability. Its elegant design symbolizes national pride and resilience, reminding us of an era where financial integrity shaped a prosperous future. In today’s uncertain times, gold and silver are beacons of stability, transcending fiat currencies. They represent the essence of genuine money, offering a timeless sanctuary for preserving wealth. They are not just assets but a testament to the enduring wisdom of investing in what has stood the test 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/ In the latest episode of The Gold Standard, hostess Jennifer Horn is joined by Ken Russo, SVP of the Midas Gold Group, for a deep dive into the current economic landscape. In a world of economic uncertainty, exploring strategies that protect your wealth, legacy, and spending power is more crucial than ever. Discover how diversifying with precious metals like gold and silver can be a powerful shield against financial turbulence. Join Jennifer and Ken as they provide invaluable insights to help you navigate these challenging times. Tune in now to fortify your financial future! In a momentous turn of events on August 15, 1971, President Richard Nixon made a historic decision to reshape the finance world in what would become known as the Nixon Shock, which severed the longstanding link between the US dollar and gold, thereby, taking us off the gold standard. Nixon’s bold move was in response to mounting economic pressures, including the costs of the Vietnam War and escalating inflation. The overall purpose was to give the government greater monetary flexibility by unpegging the dollar from its gold reserve. However, this decision had far-reaching implications, fundamentally altering the global financial system and setting the stage for the fiat currency era that has taken over the world. Global finance is complicated and full of many variables. A towering concern for years now is the staggering burden of international debt. Fiat currency, a system wherein money derives its value from government decree rather than a tangible asset like gold, has given governments worldwide all the freedom they need to accumulate debt. While granting governments greater flexibility, this shift has also enabled an unprecedented surge in debt levels. With no inherent limit to fiat currency creation, nations are free to print as much money as they need, often outpacing the growth of their economies. This surge in liquidity, though initially enticing, carries long-term consequences, as it can lead to inflation, devaluing the hard-earned savings of citizens. As global debt scales to unprecedented heights, the question that looms is how we navigate this complex web, ensuring a sustainable financial future for generations to come. The state of the US economy is a complex tapestry of concerns and challenges. Astonishingly, our interest payments on debt now surpass our immense military expenditures, signaling a fiscal tightrope. Paper assets drive the complex financial landscape because that’s where bankers and other interested parties make money. Beneath the surface, our financial institutions tread on fragile ground. Stocks, bonds, and the housing bubble continue to expand to precarious levels. And let’s not be deceived – the actual health of our economy is far bleaker than official reports suggest. Layered onto this delicate ecosystem are many agendas, each carrying a price tag, promising to sink us further into debt. It’s a financial tightrope walk, with each step forward fraught with potential risks. How will these dynamics ultimately impact your finances? In the turbulent waters of today’s economic landscape, gold and silver emerge as your steadfast private lifeboat. As interest payments on our staggering debt eclipse, even military expenditures, and financial advisors advocate for paper assets to their benefit, it’s clear that traditional investments may not offer the security we seek. With banks reeling and various markets in precarious bubbles, a reliable store of value becomes paramount. Enter gold and silver, time-tested hedges against economic turbulence. Their intrinsic worth transcends volatile markets and shifting agendas, providing a tangible anchor for your wealth. While the world grapples with complex challenges, these precious metals stand resilient, offering stability and protection for your financial well-being. The Saint-Gaudens’s Twenty Dollar gold coin, minted from 1907 to 1933, is a masterpiece of numismatic artistry. Initially struck during a pivotal era in American history, it bore a face value of twenty dollars – a princely sum at the time. These coins have transcended their face-value worth, to say nothing of their 90% gold content. Today, people treasure them for their historical significance and exquisite design. Their value has soared in the collector’s realm, with well-preserved specimens fetching several thousand dollars, while scarce editions can command six figures. As we gaze into the crystal ball, it’s conceivable that in five years, the value of these iconic coins will continue to appreciate because of the coin’s enduring status as a symbol of American numismatic heritage. ____________________________________________________________________________________________________ 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 of The Gold Standard, host Jennifer Horn talks with her guest Ken Russo, Senior Vice President of the Midas Gold Group, about the country’s economy, global finance, and how you can protect your wealth by diversifying with precious metals. Amidst a backdrop of evolving economic landscapes, the recent expansion of the BRICS consortium has captured attention. With the addition of Iran, Ethiopia, the United Arab Emirates, Egypt, and Argentina, this development resonates as a clear call to seize control of your financial destiny. The recent BRICS Summit held in Johannesburg ended with the addition of six new member nations. This is something they hadn’t done since 2010. The new member countries are Saudi Arabia, Argentina, Egypt, Ethiopia, Iran, and the United Arab Emirates. This bold expansion will further solidify the BRICS’ role as a potent counterbalance to the prevailing influence of the G7 nations. The numbers tell a compelling story: a projected 36% share of global GDP and a nearly half representation of the world’s population. It’s an unmistakable signal of a multipolar world order taking shape, steering away from the traditional dominance of Western powers. BRICS plus six is another marker of how the world is moving away from the dollar. Fractional reserve banking is an integral part of modern economies. While facilitating credit and economic growth, this practice raises concerns due to its inherent risk. The concept of banks lending out more money than they hold in reserves leads to financial instability. Bank runs and crises are never too far from happening. All it takes are a few too many depositors simultaneously withdrawing their money, and you have a problem. We’ve seen plenty of examples of this already. Finding the balance between economic stimulation and safeguarding against systemic risks remains a pivotal challenge in fractional reserve banking. In just over two decades, our national debt has ballooned from $5 trillion in 2000 to an eye-watering $33 trillion in 2023, a staggering trajectory that demands our attention. At a debt-to-GDP ratio of 119%, where GDP represents the total economic output of a country, the implications are profound. As taxpayers shoulder this mounting burden, a vivid picture emerges – each citizen would need to contribute a staggering $254,000 to erase this colossal debt. Join us as we unpack the intricate web of economic complexities, explore the ramifications of this unprecedented debt surge, and delve into strategies for safeguarding your financial future in a landscape shaped by these fiscal realities. Silver holds a unique position in investment portfolios due to its diverse use cases. Unlike gold, silver is prized not only for its value as a store of wealth but also for its crucial role in various industries such as electronics and medical devices. More affordable than gold, silver makes it more accessible to a wider range of investors. Its growth potential is another draw, as fluctuations in industrial demand and macroeconomic factors can lead to huge movements in the spot price. The American one-ounce Silver Eagle stands as a shining testament to the enduring allure of precious metals. Launched under the visionary leadership of President Ronald Reagan in 1984, this remarkable coin holds immense significance in the world of bullion. Crafted with meticulous attention to detail, the American Silver Eagle program carries both historical weight and a timeless appeal. Since its inception, the American Silver Eagle has emerged as a symbol of American excellence and a beacon of financial security. Its elegant design, featuring the iconic Walking Liberty on the obverse and the majestic heraldic eagle on the reverse, captures the spirit of liberty, freedom, and strength. This coin is not just a piece of metal; it embodies the values that America holds dear. The American Silver Eagle occupies a preeminent position in the global bullion market. With its impeccable quality and guaranteed silver content, the American Silver Eagle has earned its place as one of the most sought-after bullion coins worldwide. Investors and collectors alike are drawn to its intrinsic value and historical resonance. Its legacy lives on, a testament to President Reagan’s foresight and a symbol of the resilience that underpins both the coin and the nation it represents. ____________________________________________________________________________________________________ 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 Gold Standard sheds light on the critical issues we face today. Each episode presents insights into the future of our economic landscape! Join hostess Jennifer Horn and her guest Ken Russo, SVP of the Midas Gold Group, as they discuss why our financial system is dying, but more importantly, they discuss actions you can take today to help protect your wealth. Our country’s financial landscape is tricky to navigate. It’s hard to see what’s around the next corner. One thing is sure: for decades, we’ve had a leadership deficit. The nation has grappled with a shortfall in visionary and steadfast leaders capable of navigating the complex challenges of our times. The discussion opens with a stark assessment of historical and contemporary events, underscoring the absence of leaders who can unite, inspire, and effect lasting change. Through insightful analysis and candid commentary, Jennifer and Ken dissect the consequences of this leadership vacuum, touching on the socio-political, economic, and global implications. Drawing upon his extensive experience in the precious metals industry, Ken Russo brings a unique perspective to the conversation. He emphasizes that a robust and stable financial system hinges on tangible assets like gold and the quality of leadership guiding the nation’s economic policies. The duo highlights how ineffective leadership can exacerbate economic instability, leaving citizens vulnerable to the whims of a volatile market. Fractional reserve banking has an inherent fragility because they’re vulnerable to bank runs. There is always a risk that withdrawals might exceed available funds or reserves. It’s an integral feature of a bank’s business model. The delicate balance between depositors’ demand for immediate access to their funds and borrowers’ inability to repay on demand exposes a vulnerability within the system. As intermediaries, banks play a pivotal role in facilitating the flow of funds between depositors and borrowers. However, this arrangement creates a structural dilemma. A bank’s assets, typically tied up in long-term loans, cannot be swiftly liquidated in times of crisis to meet the demands of all depositors. This discrepancy sets the stage for potential panic-induced runs on the bank. In a world of economic uncertainties, diversifying savings and investments with precious metals like gold and silver emerges as a prudent strategy. Unlike traditional assets, these metals possess intrinsic value, a reliable hedge against inflation and market volatility. Their time-tested stability transcends geopolitical turmoil, providing a tangible anchor for wealth preservation. They offer a tangible form of wealth not offered by paper assets. Gold and silver act as a bulwark as foundational elements of a well-rounded portfolio, ensuring that the average person’s financial future remains safeguarded against the ebb and flow of global markets, inflation, and nations addicted to debt, like ours. Embracing diversification with precious metals gives you financial resilience. Silver, often overshadowed by its illustrious counterpart, gold, brings unique advantages to the table when diversifying precious metals. Silver plays a pivotal role in various industries, from electronics to green technologies. This dual nature gives it extra versatility, as its demand extends beyond investment purposes. Silver’s relative affordability compared to gold also allows for more accessible entry points for investors. Its historical correlation with gold also provides a stabilizing effect, enhancing the overall resilience of a diversified portfolio. By incorporating silver into one’s investment strategy, individuals benefit from its intrinsic value and tap into its strategic significance across a spectrum of industries. The One-Ounce American Silver Eagle is an emblem of America’s inauguration to silver bullion. In response to the Coinage Act of 1985, which mandated the minting of silver coins to utilize the country’s silver resources, the American Silver Eagle was born. Its design, a masterpiece by Adolph A. Weinman, draws inspiration from the iconic “Walking Liberty” that graced the half-dollar coin from 1916 to 1947. This exquisite rendition showcases Lady Liberty, draped in the American flag, striding towards a brighter tomorrow. The reverse features a heraldic eagle, symbolizing strength and national pride. This coin embodies the rich heritage of American coinage and serves as a tangible representation of economic stability. ____________________________________________________________________________________________________ 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/ Welcome to a gripping episode of The Gold Standard, where hostess Jennifer Horn engages in a compelling discussion with precious metals expert Ken Russo. Join them as they delve into the imminent economic storm, exploring its facets—from banks on the brink of insolvency and the encroaching dominance of government-backed digital currencies to the mounting geopolitical turbulence. In this insightful conversation, you’ll uncover the vital significance of gold and silver as steadfast safeguards in these uncertain times. Discover how these precious metals can fortify your investment portfolio against the challenges ahead, ensuring financial security amidst evolving paradigms. The Dow Jones Industrial Average plummeted by 361 points amidst recent market turmoil. The S&P 500 and Nasdaq suffered 1.2% and 1.1% declines, respectively. Banks like JPMorgan Chase and Bank of America falling around 3% intensify concerns about what lies ahead. Economic unease from China’s disappointing retail sales, manufacturing output, and interest rate cuts has reverberated globally, leading to over 1% losses in the Hang Seng index and FTSE 100. In tandem, 10-year US bond yields surged to their highest 2023 levels, signaling increased volatility. Amid uncertainties and economic shifts, the value of diversification becomes evident. Precious metals like gold and silver, tangible assets that stand the test of time, are nothing less than, as Ken says in this episode, “a lifeboat. It’s a lifeboat in times of trouble.” Recent events have stirred unease in financial markets, from the collapse of multiple US banks to the acquisition of Credit Suisse by UBS and the declining share value of Deutsche Bank, triggering concerns of a looming banking crisis. Meanwhile, China’s assertive push for its currency over the petrodollar inflames an already hazardous situation. Safeguarding your financial security is a concern. It is essential to stay up-to-date, prepare yourself for uncertainties, and be proactive. “You can’t get fire insurance for your house when it is already on fire.” Informed and diversified investors are always better protected from the unexpected and equipped for long-term success. A comprehensive grasp of the economic landscape and collaboration with experienced financial advisors are crucial in crafting effective strategies that align with individual risk tolerances. The rise of Central Bank Digital Currency (CBDC) poses profound threats to financial privacy, underscoring the urgency of diversifying with precious metals. CBDCs, essentially digital versions of national currencies, enable central banks to monitor and track transactions with unprecedented granularity, potentially compromising individuals’ financial anonymity. The shift towards a cashless society intensifies this risk, as every financial move becomes traceable. Precious metals like gold and silver offer an alternative shield against such encroachments on privacy. Their tangible nature and historical value make them immune to digital surveillance and government control. By diversifying into precious metals, individuals can safeguard their financial privacy and retain autonomy over their assets, countering the erosion of personal financial freedom that CBDCs will bring. As paper assets lose their former value, the looming “Tipping Point” demands proactive steps to preserve wealth. Gold and silver emerge as robust safeguards against economic uncertainty, offering stability during this unprecedented era of global fiat currency, money printing, fractional reserve banking, geopolitical tension, and a severe leadership shortage. As inflation adjusts gold and silver values, we will likely see one of the most enormous shifts in wealth in history. The one-ounce Canadian Gold Maple Leaf stands as a symbol of both financial significance and exquisite craftsmanship. Struck with unparalleled precision by the Royal Canadian Mint, this iconic coin embodies the inherent value of gold as a timeless store of wealth. Its purity, with a gold content of 99.99%, exemplifies the commitment to quality that the Canadian Mint upholds. Beyond its financial worth, the coin’s design, featuring the striking maple leaf—an emblem of Canada’s natural beauty—evokes a sense of national pride and admiration. The Canadian Gold Maple Leaf captures the essence of elegance, strength, and enduring value, making it a coveted treasure for collectors, investors, and those who appreciate the blend of monetary importance and aesthetic allure. ____________________________________________________________________________________________________ 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/ Hostess Jennifer Horn and her special guest Ken Russo, SVP of Midas Gold Group, discuss “Our Dying Financial System.” Gain valuable insights into the vulnerabilities of traditional currencies and the role of owning physical precious metals to protect your spending power. The recent difficulties in banks remind us how fragile our financial system is. Since the 2008 global financial crisis, our economic system has become more vulnerable to problems. Problems in the financial markets make things harder for central banks. And to make things even more complicated, prices for items continue to rise more than expected. Your dollar continues to buy less. Jennifer and Ken help us understand the economic challenges ahead and remind us that there are steps we can take to protect our finances. But as Ken points out, “You can’t buy fire insurance for your house when it’s already on fire.” One prime example of market fragility shines a spotlight on the Treasury market’s liquidity. This seemingly secure haven exposes the vulnerability in times of stress, as witnessed in events like the 2014 flash crash, the 2019 repo market pressures, and the disruptions brought on by the Covid-19 pandemic in 2020. The aftermath of the 2008 crisis casts a shadow over the present financial landscape. The extensive quantitative easing that followed the crisis led to an expansion of the Treasury market, surpassing buyers’ capacity to hold such assets. Global shifts and US-China decoupling add further complexity, with Asian nations, once buyers, now becoming sellers. The Federal Reserve aims to reduce its T-bill holdings through quantitative tightening. The role of big banks as broker-dealers in the Treasury market faces challenges due to post-2008 regulatory constraints. This situation can lead to market illiquidity, raising questions about the reliability of US Treasuries as a haven. Why do banks receive special treatment? While banks are undeniably safer post-2008, their discontent with capital requirements raises questions. The disparity becomes even more apparent when comparing their single-digit capital requirements with other industries holding multiples of that. Banks take calculated risks to maximize profits and do it with your money. The financial system’s pace of innovation continues to outstrip regulatory efforts, paralleling scenarios leading to the 2008 meltdown. The priority of our financial system is Wall Street, not Main Street. There is an apparent disconnect between financial market interests and the real economy. The financial system is still dealing with the fallout from 2008. There’s tremendous risk in the markets, and it’s getting riskier by the day. There is no substitute for owning physical gold and silver to safeguard your wealth. While seemingly convenient, paper ETFs and gold mining stocks expose investors to counterparty risks and systemic vulnerabilities. The true strength of gold and silver lies in their tangible nature – they are wealth you can hold, immune to digital glitches and market manipulations. In times of crisis, when confidence in financial markets wavers, the enduring allure of precious metals shines brighter than ever. History has shown that during currency devaluations, hyperinflation, and economic meltdowns, physical gold and silver have preserved purchasing power while paper assets collapse. ETFs and mining stocks can falter due to factors beyond your control, such as the solvency of counterparties and the complexities of corporate management. To navigate the uncharted waters of geopolitical tensions and the global economy, you need the timeless security and reliability of tangible gold and silver – the ultimate store of value. The 50-gram Gold Valcambi CombiBar is a modern marvel, encapsulating the essence of convenience and value in its sleek design. Comprising fifty individual 1-gram squares of pure 24-karat gold, this ingeniously crafted bar offers a new dimension to gold ownership. Its segmented structure grants investors the flexibility to diversify their holdings while retaining the intrinsic worth of each gram. The CombiBar represents accessibility, allowing individuals to own a tangible precious metal without the commitment of larger denominations. In a world where economic fluctuations and uncertainties abound, this innovation in gold ownership offers a balance between flexibility and security. ____________________________________________________________________________________________________ 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/ Hostess Jennifer Horn talks with guest Ken Russo, SVP of the Midas Gold Group, discussing “Our Leaders are Delusional.” They point to economic indicators spotlighting the nation’s reliance on debt and unprecedented money printing to offset it. The duo sheds light on the implications of the US credit rating downgrade and the fragility inherent in the banking system. Jennifer and Ken paint a vivid picture of the intricate economic landscape, encouraging listeners to contemplate the consequences of leadership decisions on the nation’s financial well-being. This episode explores crucial issues that impact every citizen and what they can do to protect themselves financially. The grand experiment of global fiat currency has its share of challenges, revealing cracks in its foundation. As time progresses, it becomes evident that this system has struggled to deliver the intended stability and security. The potential for an eventual implosion looms large, driven by excessive money printing, mounting debt, and economic imbalances. The average citizen is growing wary of the risks inherent in this system, concerned that they might bear the brunt of its downfall. As problems with the global fiat currency become increasingly apparent, individuals seek ways to safeguard their financial futures and assets, underscoring the urgency of preparing for potential shifts in the economic landscape. The recent downgrade of the US credit rating by Fitch Ratings has ignited discussions about its potential impact on the average citizen. While the stock markets experienced a dip in response, experts suggest that this downgrade is less of a primary concern than in previous instances. The decision attributed more to political discord in Washington than to financial instability on Wall Street, points to eroded confidence in fiscal management due to repeated debt-limit standoffs. A credit rating downgrade can lead to many consequences, perhaps the most obvious being an increase in the country’s borrowing costs due to a perceived more significant risk of default. As a result, the US Government may have to pay more interest on its new debt issues, further deepening its debt burden. Investors might witness increased volatility in both stock and bond markets. Interest rates could rise across various forms of debt to account for heightened risk, possibly leading to higher mortgage and credit card rates, potentially impacting household budgets. However, the consensus remains that a default is unlikely since the US can print as much money as it likes. The banking industry is in a precarious state, as recent events point to a fragile banking system that might continue to experience challenges in the coming years. We probably haven’t seen the last of bank closures. A trifecta of concerns raises red flags: • Deposit costs have led to higher expenses for retaining deposits amidst competition from money market funds. • Bond losses due to rising interest rates impact securities’ value and bank profitability. • The anticipation of losses in commercial real estate loans due to low occupancy rates. Amidst economic uncertainties and potential market volatility, considering the diversification of paper wealth into tangible assets like gold and silver is a prudent strategy for the average citizen. These precious metals have proven to be safe-haven assets, capable of preserving and even enhancing one’s spending power. Unlike paper currencies subject to inflation and devaluation, gold and silver, although severely manipulated, have maintained their intrinsic value over long periods. Precious metals serve as a hedge against inflation, economic downturns, and geopolitical turbulence, offering a reliable store of wealth. The Mexican $50 Gold Peso holds profound historical and cultural significance, making it a cherished and sought-after numismatic treasure. Gold Pesos were minted between 1921 and 1947. This iconic coin bears the image of Winged Victory, symbolizing Mexico’s triumph over oppression and its struggle for independence. Its weight of 1.2057 troy ounces of gold underscores its intrinsic value, appealing to collectors and investors alike. As a tangible link to Mexico’s past, the $50 Gold Pesos represents a tangible connection to the nation’s rich heritage and a testament to its resilience. THE GOLD STANDARD keeps you informed about trends in our nation's economy and gives valuable insights into the consequences of our monetary policies. The series promotes precious metals as a safeguard for your financial future. Stay informed on all the latest developments impacting our financial realm. Stay informed. ______________________________________________________________________________________________________ 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/ Hostess Jennifer Horn leads us into a conversation about our broken financial system. Ken Russo, Vice President of the esteemed Midas Gold Group, joins her for a discussion that goes to the heart of our modern economic landscape. From the pivotal moment, President Nixon took the dollar off the gold standard to the present-day chaos, marked by recent bank failures, the Fed’s interest rate hikes, and the downgrading of our nation’s credit rating, this episode shines a spotlight on the cracks in our financial foundation. Join us as we explore the nuanced complexities of our “broken financial system,” unraveling the past to illuminate a path forward in these uncertain times. While our nation’s financial system stands at a crossroads, it’s nothing new. We’ve been heading in this direction for a long time. Lately, there has been one indication after another that our system is failing. The relentless printing of money and the piling up of excessive debt have strained the system’s resilience. At the same time, the intricate web of fractional reserve banking has added complexities that seem unsustainable. Inflation continues to loom. It erodes our purchasing power and diminishes the value of hard-earned wealth. The economic machinery is stuttering. The cracks are warning signs that we must take steps to protect our wealth. The national debt, as of August 4, 2023, is $32 trillion. That’s $97,507 for every person in America. Routinely, the federal government spends more than it takes in. The government must borrow the money to cover the annual deficit. Each year’s deficit adds to our growing national debt burden. Aging baby boomers, rising healthcare costs, and a tax system that doesn’t bring in enough money to cover what the government promises its citizens. There is a mismatch between spending and revenues. “The interest on our debt is more than what we pay for the military, and it’s going to get worse.” —Ken Russo, SVP of the Midas Gold Group The burden of interest on the national debt has grown staggeringly, casting a long shadow over our economic stability. Each year, a substantial portion of our resources is diverted toward servicing this debt, hampering our ability to invest in vital sectors such as education, infrastructure, and healthcare. As the weight of interest payments continues to mount, it serves as a stark reminder of the urgent need to address our reliance on borrowed funds and to chart a sustainable path towards fiscal responsibility and long-term prosperity. Fractional reserve banking exposes banks to the risk of bank runs. This year, we’ve seen plenty of examples of how a bank run happens. Suppose many depositors want to withdraw their money simultaneously. In that case, the bank may not have enough cash reserves to meet the demand, which can lead to a bank failure. Fitch Ratings surprised us by announcing a US sovereign credit rating downgrade from AAA to AA+. The rationale includes anticipated fiscal decline over three years, growing government debt, deterioration of governance, and widespread polarization. The Fed’s rate hikes escalated debt servicing costs by 25% in nine months, reaching nearly $70 trillion over three decades. Lower credit ratings mean higher interest rates, which only adds to what the Fed’s already doing. Gold and silver serve as reliable hedges against rising interest rates, potential bank failures, credit downgrades, and the broader monetary system collapse due to their historical status as stores of value, immune to direct government control, and universally recognized as tangible assets offering stability and wealth preservation in times of economic uncertainty. The one-ounce American Gold Eagle symbolizes timeless beauty and enduring value in precious metals. The one-ounce American Gold Eagle is 22-karat gold. Its masterful design features Lady Liberty in a radiant stride on the obverse, representing ideals of freedom and opportunity that define the American way of life. The design’s intricate details, crafted by the renowned sculptor Augustus Saint-Gaudens, evoke a sense of national pride and heritage. The reverse design shows a family of majestic eagles. It symbolizes the unity and strength that America represents. Holding an olive branch and arrows in its talons, the eagle symbolizes peace and preparedness, reflecting the nation’s journey through history. The American Gold Eagle is more than a precious metal coin but a testament to the American spirit and the enduring allure of gold as a reliable store of wealth. Holding this coin is to have a piece of artistry and legacy that resonates across generations. ____________________________________________________________________________________________________ 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 special episode of The Gold Standard, hostess Jennifer Horn and her guest Ken Russo, are joined by another founder of Midas Gold Group, James Clark, also a Marine Corp. veteran. The three explore the significance of precious metals in safeguarding your retirement investments. President Richard Nixon took the US off the gold standard on August 15, 1971, due to several economic challenges: trade imbalance, rising inflation from the Vietnam War, and speculative attacks on the dollar where investors and other countries question its stability and value. The gold standard linked the dollar’s value to gold, but constant outflows to settle trade imbalances and international pressures prompted Nixon’s decision. Suspending the dollar’s convertibility into gold (Nixon Shock) gave the Fed free reign over monetary policies and ended the fixed exchange rate system, transitioning major currencies to floating rates. Nixon marked the start of fiat currency, where money’s value relies on trust in the government rather than being backed by a physical commodity like gold. Inflation is the persistent increase in the general price level of goods and services, eroding the purchasing power of money over time. For the average person, inflation significantly affects savings and investments, diminishing their value. Investments should outpace the inflation rate to protect against inflation’s adverse effects. Precious metals historically outperform inflation. Diversifying portfolios with precious metals preserve purchasing power because it outpaces inflation. Staying informed and proactive will help you make wise investment choices that safeguard wealth from inflation’s impact and work toward financial goals. The collapse of banks like Silvergate Bank, Silicon Valley Bank, and Signature Bank in March 2023 is a reminder of the risks of relying solely on the banking system for savings and investments. Unforeseen factors like undercapitalization and deteriorating loan quality can lead to severe consequences, including loss of funds. Gold is considered money due to its intrinsic properties, making it a reliable store of value and medium of exchange. Throughout history, civilizations have recognized its rarity, durability, and universal appeal, bestowing it with enduring value. Unlike fiat currencies, which governments and subject to inflation can influence, gold’s scarcity ensures its stability over time. Its time-tested role as a form of money is underpinned by the trust it garners as a tangible asset. As a result, gold continues to be embraced by investors and central banks worldwide, solidifying its status as a timeless and trustworthy form of money. Gold and silver appeal to a diverse range of savers and investors. Conservative individuals value them for capital preservation and stability, while retirement planners seek their protection against inflation and economic uncertainty. Diversification seekers appreciate their low correlation with traditional assets, and long-term savers see them as a wealth preservation tool. For risk-averse individuals, these metals offer a defensive strategy during economic downturns. Globally recognized and historically valuable, gold and silver can provide a secure foundation for various investment strategies. Consider your financial goals, risk tolerance, and time horizon before including precious metals. In the post-pandemic era, US consumers confront economic challenges, with alarming statistics signaling potential financial instability. A two-year inflation surge and $17 billion household debt raise concerns about the erosion of purchasing power. Mortgage rates at 7% and credit card interest rates near 25% strain budgets. Over 450,000 job cuts in 2023 heighten anxieties about job security and income prospects. Seeking a reliable hedge, many turn to physical assets like gold and silver, historically serving as value stores during turmoil. Diversifying into these metals protects wealth from inflation and market fluctuations. Tangible assets offer security and a prudent strategy to safeguard financial well-being. The Gold Standard reminds us of the value of diversifying savings and investments beyond traditional options. Subscribe now and embark on a journey towards financial resilience. ____________________________________________________________________________________________________ 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/ Welcome to another thought-provoking episode of The Gold Standard with Jennifer Horn and Ken Russo, Senior Vice President of the Midas Gold Group. Jennifer and Ken talk about the US dollar’s vulnerability to collapse, stemming from the reckless printing of money and our nation’s addiction to debt, resulting in the debasement of our currency, which is, at its core, built solely on the faith in the government. Discover the truth about the Federal Reserve—the seemingly “federal” entity that isn’t federal. Owned by banks and shareholders, it wields immense power over interest rates and fiscal policy. The Fed gladly prints money, lends it to the government, and profits from interest charges. Sadly, this relentless money creation erodes our purchasing power, causing an ominous future for monetary policy. The Federal Reserve remains an enigmatic force within American society. Operating as a complex, multitiered system, it draws most attention to the Board of Governors in Washington. Surprisingly, the regional reserve banks in New York, Boston, Philadelphia, San Francisco, and Dallas are privately owned by banks in each region. Although the Board of Governors has government oversight, it operates as an unusual hybrid, combining private bank ownership with government control. Ken Russo enlightens us on the intricacies of the Federal Reserve System, shedding light on how it functions and the tools it employs to execute monetary policy—beginning with the pivotal moment in 1971 when President Nixon removed the US from the gold standard, ushering in a new era of potential consequences. Unveiling the implications of this decision, Ken discusses how the Federal Reserve Banks now hold the power to print money and lend it to the government while charging interest. As responsible citizens, we bear the brunt of these actions through taxes. The value of the US dollar is perpetually at risk with relentless money printing and mounting debt. Similar patterns have occurred throughout history, and they always, without fail, hurl nations toward economic turmoil and uncertainty. Understanding the past gives us foresight, which is particularly significant when studying the rise and fall of markets. Monetary history unfolds cyclically, a perpetual process wherein currencies rise to prominence and inevitably collapse as the pendulum swings between quality money and quantity currency. The cycle commences with a monetary system and economy grounded in a commodity like gold, with its supply increasing slowly alongside economic growth. However, as time progresses, the system shifts away from the underlying value of gold, eventually replacing it with fiat money – mere paper money backed by nothing of intrinsic worth – which can be printed without restraint. Consequently, the value of each unit of currency is debased over time, inevitably leading to a market crash. This debasement can occur by replacing the currency’s foundation with an unlimited supply or by adulterating coinage with base metals. Awareness of this cycle is paramount as we navigate the present and seek to safeguard our economic future. As the US dollar’s foundation falters, Jennifer and Ken explore the time-tested role of precious metals as a safeguard against economic volatility. Ken elaborates on the historical significance of gold and silver as hedges against currency debasement and inflation. They discuss the virtues of diversifying one’s investment portfolio with physical assets, ensuring protection and preservation of wealth during financial uncertainty. First minted by the prestigious Perth Mint in 1987, the Australian Gold Kangaroo remains one of the most popular gold bullion coins from the Perth Mint. Renowned for its exceptional quality and artistic design, the Gold Kangaroo captures the essence of Australia’s unique wildlife and cultural heritage. Struck from .9999 fine gold, the coin’s purity and craftsmanship appeal to collectors and investors worldwide. The coin’s iconic depiction of a kangaroo in motion on the reverse side and Queen Elizabeth II on the obverse symbolizes the nation’s natural beauty and historical ties. As a trusted investment option and a treasured collectible, the Australian Gold Kangaroo stands as a symbol of Australia’s rich gold mining heritage and continues to captivate enthusiasts and bullion buyers alike. ____________________________________________________________________________________________________ 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/ Welcome to a new episode of THE GOLD STANDARD – your source for secure investment opinion and information on the advantages of owning physical precious metals. Hostess Jennifer Horn, and her guest Ken Russo, Senior VP of the Midas Gold Group, discuss the state of geo-politico economics and how these various things could impact your retirement savings and investments. Together they explore the ever-changing landscape of geo-politico economics and its profound implications for retirement savings and investments. Ken draws our attention to many troubling trends, such as disturbing plans coming out of the World Economic Forum. Established in 1971, curiously the same year Nixon took the US off the gold standard, the World Economic Forum, or WEF, brings together influential leaders from various sectors, including government, business, academia, and civil society. The mission of the WEF is to solve some of the world’s most complex challenges through collective action and collaboration among its diverse stakeholders. Klaus Schwab, the founder and executive chairman, clarifies that the organization wants to transform a buying system into a renting system with no monetary privacy. Ken quickly reviews the seven stages of an Empire and reminds us that historical patterns repeat themselves and that gold is still money and has been money for thousands of years. Governments, economists, and the powers that be on Wall Street disparage gold as money because to do so would limit their power and influence. There have been three international monetary system collapses in the twentieth century. There were 1914, 1939, and 1971 when Nixon took us off the gold standard. The subsequent collapse will come because more and more people worldwide will question the confidence of the US dollar as a value store. And we’ve seen signs of it already across the world. We’re witnessing the end of one cycle and fast approaching a new one. The new world order is taking shape in the form of Central Bank Digital Currency (CBDC). In this cashless society, all transactions are digital transfers and have digital records, and a planned 15-minute city, where everything you could need is a fifteen-minute walk from where you live. Suppose you stand back and look at the big picture. In that case, it’s all about governments having more control and monitoring every movement. The US Government is addicted to the rush of printing currency to cover its debts. They’ve been doing it for decades without a corresponding increase in the production of goods and services. High levels of sustained and unchecked money printing without the support of economic growth and prudent fiscal management lead to significant long-term financial challenges. These challenges will have a corrosive impact on your retirement savings. One administration after the other spends beyond its means. None of our leadership has stopped the presses long enough to deal with the underlying issues that keep accumulating government debt. Excessive money printing by the US is one of the contributing factors to the growing instability of the US dollar. Preserving the spending power of your savings over time involves diversifying your investments—precious metals like gold and silver are a reliable store of value and a hedge against inflation. By allocating a portion of your portfolio to these metals, you can safeguard against economic uncertainties and the erosion of purchasing power caused by inflation. Investing in precious metals provides a tangible asset that counterbalances traditional financial markets. Ken shows one of the many bullion products the Midas Gold Group offers. In this episode, he holds up a one-ounce Gold Maple Leaf. Minted by the Royal Canadian Mint, this iconic bullion coin showcases the remarkable craftsmanship and unwavering commitment to quality for which Canada is renowned. Struck from one troy ounce of 99.99% pure gold, the Gold Maple Leaf encapsulates timeless beauty and intrinsic value. Its obverse features a regal portrait of Queen Elizabeth II. At the same time, the reverse proudly displays Canada’s national emblem, the iconic maple leaf. With its impeccable design, superior purity, and trusted authenticity, the One-Ounce Gold Maple Leaf is a coveted asset for investors, collectors, and those seeking to preserve their wealth with a tangible and universally recognized form of currency. Whether admired for its aesthetic allure or embraced as a reliable store of value, the Gold Maple Leaf represents the epitome of excellence in the world of precious metals. ____________________________________________________________________________________________________ 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/ Welcome to a new episode of The Gold Standard with your hostess Jennifer Horn. In today’s episode, Jennifer is joined by Ken Russo, Senior Vice President of the esteemed Midas Gold Group, to discuss what you can trust and rely upon during times of uncertainty and turmoil. Jennifer and Ken explore the implications of this diminishing trust and how it affects your financial decisions and strategies. A few years ago, Ray Dalio warned that strong inflation is eroding people’s wealth. He said people shouldn’t be fooled into thinking they’re getting richer just because their financial portfolios are going up. “The United States spends more money than it earns and pays for it by printing money that is being devalued.” The direction of the US headed undermined the American-led world order since World War II. China is a rising power. The US Government is addicted to creating mounting levels of debt. Internal conflict over wealth inequality continues to build. With Nixon’s default on Treasury debt in 1971 and Roosevelt’s suspension of the gold standard in 1933, Ken reminds viewers to understand historical cycles in shaping investment decisions. Studying the historical patterns of monetary systems will give you a better understanding of how markets rise and fall. The Seven Stages of Empire, as described by Mike Maloney, provide a framework to understand better the currency cycle and its implications for the economy. The cycle typically begins with a monetary system based on a commodity like gold, which gradually transitions to fiat money that can be printed without restraint. The debasement of the value of each unit of currency over time leads to a loss of faith in the currency and, ultimately, a market crash. The seven stages of empire as it applies to US history: Stage 1 - Sound Money: The United States initially had sound money backed by gold. However, in 1913, the Gold Exchange Standard devalued the currency by more than half. Stage 2 - Public Works Programs: In the 1930s, President Roosevelt introduced massive public works programs funded through currency inflation and the end of convertibility of paper currency for gold. Stage 3 - Bretton Woods: The US dollar became the supreme world currency after World War II, backed by massive gold reserves and a trade surplus. Stage 4 - Never-ending War: The US transformed into a military/industrial state, with ongoing wars funded through deficit spending and currency inflation. Stage 5 - Eternal Inflation: In 1971, the US abandoned the gold-for-dollars promise, leading to the dollar becoming a pure fiat currency. The petrodollar system emerged, extending the dollar’s monopoly as the world’s trade currency. Stage 6 - Where We Are Today: US federal debt has soared. Inflation continues, and concerns about the dollar’s dominance have grown, especially with China’s emergence and its efforts to shift oil trading to the yuan. Stage 7 - Tomorrow: In the final stage, the currency collapses, and capital misallocations are rectified. The affected nation(s) will likely have to return to a fixed standard of monetary valuation, such as the gold standard or possibly a technological innovation like cryptocurrencies. Gold will ultimately reflect all the money the Federal Reserve has printed. Consider all the money that has been printed since the Covid excuse, all the currency since 2008, and the kick-the-can approach to handling the subprime mortgage crisis. The spot price of gold could go up multiple times what it is today. At some point, gold will ultimately reconcile the accounting. How can we be sure of this? Because, throughout history, it has always done so. Ken introduces one of the world’s most popular silver bullion products, the American Silver Eagles. American Silver Eagle holds great significance in diversifying personal wealth. Produced by the United States Mint, the American Silver Eagle contains one troy ounce of .999 fine silver, making it a tangible and valuable asset. Its iconic design, featuring Adolph A. Weinman’s Walking Liberty on the obverse and a heraldic eagle on the reverse, adds to its appeal among collectors and investors alike. Take proactive steps to protect your financial well-being. Remember, in these uncertain times, embracing the stability and value of assets like gold and silver can provide a solid foundation for wealth. Stay informed, stay diversified, and join us again on The Gold Standard as we navigate the ever-changing economic landscape. ______________________________________________________________________________________________ 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 delves into the erosion of the United States and how the country’s corrosion will impact retirement and your wealth. Hostess Jennifer Horn and her guest Ken Russo, Vice President of the Midas Gold Group, discuss the US increasingly resembling a banana republic. Ken Russo kicks things off by quoting from a recent essay by the Chief Market Strategist for Phoenix Capital Research, Grahm Summers, titled The US Is Now An Emerging Market. “Historically, the US was held up as the eminent developed nation with strong and stable institutions, the Rule of Law, and a dynamic economy. No longer. It is now clear that many of our most significant institutions in the US are corrupt. I’m talking about 3rd world, banana republic levels of corruption.” Once hailed for its robust institutions, adherence to the rule of law, and vibrant economy, the United States is now plagued by deep-rooted corruption that rivals third-world nations. From election interference to censorship of free speech, our most critical institutions are mired in malfeasance and double standards. With a once-booming economy, the nation has plummeted into a state of decline, with manufacturing and industry hollowed out, leaving us dependent on foreign regimes, many of whom are hostile towards us. We’ve seen the crippling of labor markets by individuals paid not to work while those who do work lack dedication and pride in their efforts. As if these issues weren’t alarming enough, the US now finds itself burdened by an astronomical debt-to-GDP ratio and a record-breaking peacetime deficit. The government shows no signs of reining spending, leaving essential infrastructure in disrepair. In light of these developments, it is no wonder that the US dollar behaves like an emerging market currency, raising concerns about its weakening purchasing power and viability as a store of value. The BRIC nations—Brazil, Russia, India, and China—are emerging economies with significant growth potential and influence on the global stage. This group of nations will work together to sever, in many ways, any reliance on the US. The unification of BRIC nations has implications for your savings and investments. As their currencies gain prominence, it could adversely impact the US dollar as the world’s reserve currency. Gold is one of those tangible assets known to hold its value. Diversifying investments and savings with tangible assets like precious metals is crucial for several reasons: 1. Precious metals, such as gold and silver, have historically maintained their intrinsic value and acted as a hedge against inflation and economic uncertainties. 2. They offer a tangible form of wealth independent of traditional financial markets. 3. Precious metals provide portfolio diversification, reducing overall risk and potential losses during market downturns. By including precious metals as a tangible investment, you enhance stability, preserve purchasing power, maintain privacy, and safeguard against the volatility of other asset classes. During the presentation, Ken shares two bullion products worth knowing about. The Valcambi 50-gram Gold Bar is a premium investment-grade gold bullion produced by Valcambi Suisse, one of the world’s leading and highly respected precious metals refineries. Each bar represents the precision and attention to detail that has earned Valcambi the reputation of producing world-class bullion products. The bar comprises 50 grams of pure 99.99% fine gold, making it a highly desirable asset for investors and collectors. Its compact size and weight make it an accessible option for those seeking to diversify their investment portfolio with tangible assets. Each Valcambi 50-gram Gold Bar features a distinctive design and a unique serial number, which ensures its authenticity and provides added security. The front side of the bar typically showcases the Valcambi logo, along with essential information such as the weight, purity, and the refinery’s name. The Valcambi Gold 50 Gram CombiBar is an excellent and highly sought-after investment product offered by Valcambi Suisse. The unique Valcambi CombiBar has fifty individual 1-gram gold squares. Anyone wishing to conduct trade can easily snap off as many sections as they need. The CombiBar holds significant significance for those looking to hold gold and envisioning its potential future use as money. Its divisible nature allows holders to exchange smaller increments of gold when needed, making it a practical option for potential transactions in a gold-backed economy. ______________________________________________________________________________________________ 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/ Series hostess Jennifer Horn, and her guest Ken Russo, SVP of the Midas Gold Group, talk about the difference between money and fiat currency. They discuss the potential consequences of multiple financial bubbles bursting and their impact on investors. Fiat “money” is not money, at least not in the way gold and silver are money. It’s better to use the term fiat currency. Fiat currency is not backed by a physical commodity like gold or silver but rather by the authority and public trust of the government or organization that issues it. “Fiat” refers to the proclamation of rule that declares a particular unit of account valued as money. Money, in general, is a contract between two or more parties that solves the problem of trading goods and services. It involves an agreement on the units of account (a way to measure value) and the exchange media. Standardizing these agreements creates efficient systems known as currencies. The concept of fiat money is relevant again when discussing Central Bank Digital Currencies (CBDCs). The authority of central banks backs these digital representations of fiat money. It aims to provide efficient and secure transactions in the digital age. Earlier episodes warn us about CBDC’s tremendous threat to our financial privacy, but it’s the same as cash in that there is no real store of value, not like precious metals. Gold and silver are the only real money, and they’ve always served as money since the dawn of civilization. The possibility of multiple financial bubbles popping all at once raises concerns about the potential consequences for the average investor. Financial bubbles occur when asset prices become detached from their intrinsic value due to excessive speculation and investor optimism. If these bubbles were to burst, it could lead to significant market corrections and widespread asset value declines. The impact on the average investor would depend on their exposure to the affected asset classes. Those heavily invested in bubble-prone sectors like technology, real estate, or cryptocurrencies could experience substantial losses. Bursting bubbles will trigger a broader market downturn and economic instability and affect investment portfolios. Now is the time for investors to diversify their holdings. On August 15th, 1971, President Nixon got on television and told everyone that the government would default on turning cash into gold. For many citizens, it was the first time they’d seen such an immediate currency devaluation. Older citizens could remember a similar event on March 5th, 1933, when President Franklyn Roosevelt got on the radio and did the same thing by confiscating everyone’s gold and making it illegal to own gold. Other things coming at us in the financial storm include the massive amount of debt creation, the accumulation of internal political conflict, and the widening gap between the rich and the poor. The chance of war is increasing. It could be an economic war or a military conflict, or both. Germany has just begun rearmament, which they haven’t done since World War II. The country is taking a more aggressive stance on re-militarizing and establishing security priorities, especially since Russia’s invasion of Ukraine. Nothing is certain. But we should learn from the patterns of the past. Consider how things were between 1900 and 1950. Make some comparisons between then and now. There is an old saying that seems appropriate for current times. If you worry, you don’t need to worry because that means you probably want to do something about it. If you’re not worrying, then you should worry. The weaponization of the dollar is the driving force pushing political and business leaders from some of the world’s largest economies to consider alternatives. Up until now, deciding on a viable option for the US dollar has been a struggle. On August 22nd, the leaders of the BRICS countries, namely Brazil, Russia, India, China, and South Africa, will meet to discuss the introduction of the BRICS+ currency. Twenty-five other countries want to join the BRICS union or adopt the new currency. While it is premature to speculate on specific outcomes, the continued collaboration and discussions within BRICS may potentially contribute to the diversification of international reserve currencies, challenging the dominance of the US dollar. The main takeaway is to always be prepared for the unexpected. Don’t assume things will stay the same. Being adaptable, and open to the idea of changing direction, is essential in navigating the unexpected. The Gold Standard offers a way to stay informed as the world of finance continues to evolve. ______________________________________________________________________________________________ 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/ Welcome to another episode of The Gold Standard, where we delve into the fascinating world of precious metals and their role in safeguarding your financial future. In this highly informative installment, your esteemed hostess, Jennifer Horn, is joined by Ken Russo. 2021 marked the 50th anniversary of President Nixon taking us off the gold standard. Immediately our dollars were no longer convertible into precious metal bullion. Nixon’s action untethered the currency, which is now measurable only by comparing it to currencies from other countries. Ironically, there were still restrictions on private ownership of gold coins and bars at this time. Not until President Ford signed a bill in 1974 could US citizens freely buy and trade bullion for the first time since President Roosevelt’s confiscation of gold in 1933. You don’t have to do much searching to find examples of gold being a reliable store of value. At the time FDR issued Executive Order 6102 in 1933, an ounce of gold was redeemed by the Fed for $20.67, which, in today’s value, is equivalent to $482.35. You could buy an ounce of gold in 1932 for about $482 in today’s dollars. Today, the average spot price of gold hovers over $1,900, while the value of the dollar has lost 92 percent of its purchasing power since 1933. Gold bullion is one of the most liquid assets in the world, with a daily trading volume of more than $145 billion. Not too surprisingly, taking the country off the gold standard introduced us to an era of runaway debt. Before 1971, there was a natural limit to printing money because the amount had to reconcile with the amount of gold sitting in the nation’s reserves, but that’s no longer the case. With no hard assets to back the currency, the government has adopted an addicted-to-debt mindset. The federal debt is at an astronomical $31.5 trillion (rounded off) and counting. You can’t think of the number without your eyes watering up, wondering how it will ever be paid off. The fact is, it’s never going to be paid off. The debt will keep growing, and the government will keep printing more cash to pay its bills. Anytime the government makes promises to its citizens without knowing how they will pay for it, which happens a lot, it is an unfunded liability. Examples of these include Social Security, promised to us by FDR in 1935, and Medicare, established by LBJ in 1965. Unfunded liabilities continue to grow; they outpace the US economy many times over. The federal government faces an unsustainable fiscal future. The escalating debt levels and poor leadership present a challenging landscape for the US economy and for each of its citizens. Jennifer and Ken shed light on the implications of this double whammy and how it impacts our attempts to save and preserve buying power. Gain valuable insights into the potential consequences and explore why owning physical gold is critical. As governments and currencies come and go, gold remains a steadfast symbol of financial stability and a tangible representation of wealth. The definition of money has three parts. It must be a medium of exchange; be a store of value and be a unit of account. Gold has all three, and that’s why it has been money since ancient times. Gold and silver have been utilized as forms of money throughout civilization, spanning numerous cultures and epochs. Societies have recognized these precious metals for their inherent qualities. Gold’s scarcity, durability, divisibility, and intrinsic value made it ideal for facilitating trade and economic transactions. Egyptians, Greeks, and Romans, the empires of the Middle Ages and beyond, have used gold and silver coins as trusted forms of trade. Even today, gold and silver retain their allure. Regarded as safe-haven assets, they offer individuals a tangible store of wealth in times of economic uncertainty. Fractional reserve banking has long been debated and criticized, with concerns about its inherent instability. The system operates on the principle that banks can hold a fraction of their deposit liabilities as reserves while lending out most funds. However, this practice is a pyramid-like structure with multiple layers of debt built upon a limited base of reserves. Fractional banking is inherently unstable. We have seen many examples of excessive risk-taking, speculative behavior, and abuses of power. The Gold Standard provides valuable insights into the importance of incorporating precious metals into your financial strategy. You’ll learn pathways toward safeguarding wealth and preserving purchasing power. For more enlightening discussions on the state of the economy and how precious metals can help protect your buying power, please subscribe to our channel. __________________________________________________________________________________________________ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/

In this episode, Jennifer Horn talks about The Calm Before the (Financial) Storm with Ken Russo, SVP of the Midas Gold Group. Together they peel back the layers of our economic landscape and reveal the turbulence ahead. The problems we face today have been decades in the making. As an expert in the field, Ken Russo brings his extensive knowledge of finance and precious metals to the forefront, offering an informed perspective on the signs and indicators we need to know about. He recaps some of the most significant factors contributing to the approaching financial storm. From mounting debt levels worldwide, rate hikes, and inflationary pressures to geopolitical tensions and the bank liquidity crisis, Ken cuts through the noise and brings it all into sharp focus. He points out that “all our politicians have contributed to our country’s financial problems.” Chief among these troubles is the country’s sovereign debt, our national debt. The national debt, or sovereign debt, is the money government owes its creditors. The US national debt has reached staggering levels, presenting a significant concern that can have far-reaching implications for our retirement savings. The national debt was about $900 billion when President Reagan took office. However, today, the national debt has skyrocketed to over $30 trillion and continues to grow. To say we’re trending in the wrong direction is an understatement. This alarming trend raises serious questions about the long-term stability of our economy and the potential impact it can have on our retirement savings. As the debt continues to climb, it strains the economy and increases the risk of inflation and higher interest rates. Inflation erodes the purchasing power of our savings, making it harder to maintain our standard of living during retirement. To safeguard our retirement savings in this uncertain landscape, it becomes crucial to diversify our portfolios with tangible investments in assets like precious metals. Across the globe, countries are burdened with mounting debt, resorting to borrowing and printing currency to meet their financial obligations. This concerning trend raises serious questions about the long-term stability of the global economy and its potential ramifications for individual investors and retirement savings. As more countries engage in excessive borrowing and monetary expansion, inflation, and currency devaluation risk loom. Such economic challenges will erode the value of savings and investments. In times of turmoil and uncertainty, diversifying one’s investment portfolio with precious metals offers a tangible and reliable store of value. Gold and silver, with their enduring allure and timeless appeal, have long been recognized as crucial assets for protecting wealth. Unlike fiat currencies or financial instruments that can be subject to volatility and unpredictable market forces, precious metals provide a sense of security and stability. Their intrinsic value and limited supply make them tangible assets that can weather the storms of inflation, economic crises, and currency devaluation. By including gold and silver in your investment strategy, you establish a solid foundation and fortify your wealth against the uncertainties that lie ahead. These precious metals act as a shield, preserving your purchasing power and providing reassurance in times of financial turmoil. The 50-gram gold Valcambi CombiBar represents the pinnacle of ingenuity and convenience for precious metal investors. Crafted by the renowned Swiss refinery, Valcambi, this exquisite gold bar breaks down into 50 individual 1-gram bars, each securely stamped with its weight and purity. The innovative design allows investors to easily divide or combine the bar according to their needs, offering unparalleled flexibility and liquidity. The 50-gram gold Valcambi CombiBar is composed of .9999 fine gold, making it a prime example of the refinery’s commitment to producing high-quality products. With its elegant design and exceptional craftsmanship, this bar represents a valuable investment in gold. It showcases the beauty and prestige associated with owning precious physical metals. Whether you seek to diversify your portfolio, preserve wealth, or appreciate the allure of fine gold, the 50-gram gold Valcambi CombiBar is a testament to the artistry and functionality of precious metal investment options. Subscribe now to The Gold Standard to gain access to a wealth of financial knowledge. Don’t miss out on future episodes where we continue bringing insights into preserving your wealth through diversifying with precious metals. Remember to like, comment, and share this valuable information with others. ____________________________________________________________________________________________________ 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/

https://www.midasgoldgroup.com/ Welcome to the latest episode of The Gold Standard with your hostess Jennifer, where we dive deep into the global economic landscape and explore the ever-increasing threats to preserving personal wealth. In today’s episode, Jennifer sits down with Ken Russo, Vice President of the Midas Gold Group, to discuss the alarming expansion of government programs and the relentless surge in government spending with no end in sight. The national debt, an ominous specter looming over the financial horizon, takes center stage in our conversation. It has skyrocketed to over $31.7 trillion, more than doubling in just over a decade. Astoundingly, if this trend continues, it is projected to reach a mind-boggling $62 trillion within the next ten years, nearly three times the current GDP. The ballooning debt makes you wonder: Will the federal government ever rein in its spending, or are we hurtling toward a financial abyss? Jennifer and Ken examine the current state of federal government revenue, expenses, and debt. Alas, the numbers paint a grim picture. The federal government’s revenue amounts to approximately $4.6 trillion compared to its expenditures, which exceed a staggering $6.0 trillion, leaving a budget deficit of over $1.4 trillion, clearly indicating that Congress is spending money like intoxicated sailors on a collision course with an imminent financial iceberg. The desire to stay in power drives politicians to employ spending to secure votes. Unless Congress curtails its spending spree or the American people rise against it, the national debt will surge until it reaches a point of no return. At that juncture, the federal government will be unable to fulfill its obligations or provide essential support, leaving countless Americans stranded and vulnerable. Our discussion further explores the detrimental effects of excessive debt on the economy. A research paper by the Bank of International Settlements (BIS) reveals that when government debt surpasses 85% of GDP, it drags economic growth. Today, it stands at 120% and continues to climb. As the federal debt spirals, stimulating economic growth becomes increasingly challenging. Fiat Currency Throughout history, the collapse of fiat currencies has been a recurring pattern, underscoring the inherent vulnerabilities of such systems. August 15, 1971, a pivotal moment in history, was the day President Nixon announced his decision to remove the United States from the gold standard. This event had far-reaching consequences, signaling the end of the tie between the US dollar and gold, and supporting the value of other currencies worldwide. This move ushered in an era where all major currencies became fiat currencies, detached from any tangible asset. History has demonstrated time and again that fiat currencies eventually face collapse. The lessons of the past remind us of the fragility of these systems and the importance of exploring alternative avenues, such as precious metals, to safeguard wealth against the risks inherent in fiat currencies. The Dangers of a Central Bank Digital Currency The rise of central bank digital currency (CBDCs) poses a significant threat to individuals’ financial privacy and autonomy. With CBDCs, every transaction becomes traceable and subject to surveillance by central authorities. This erosion of privacy undermines personal liberties and opens the door to potential abuses of power. Additionally, CBDCs grant central banks unprecedented control over monetary policy, allowing them to monitor and manipulate individuals’ financial activities, including imposing negative interest rates and restricting access to funds. The shift towards a fully digital currency system also introduces new vulnerabilities, such as cyber-attacks and system failures, which can severely affect individuals’ wealth and financial stability. As we navigate this evolving landscape, we must recognize and mitigate the threats that central bank digital currencies pose to our financial independence and take proactive measures to safeguard our economic future. Gold You Can Hold In a world of increasing economic uncertainty and looming threats to financial privacy, diversifying with physical gold makes profound sense. While CBDCs present potential risks to financial privacy, gold remains a time-tested store of value and a symbol of stability. Unlike digital currencies susceptible to government control and surveillance, physical gold offers independence and privacy. It is a powerful hedge against inflation, currency devaluation, and geopolitical uncertainties. In the face of economic turmoil and the potential pitfalls of CBDCs, holding physical gold provides individuals with a tangible and reliable asset, preserving wealth and ensuring financial security for generations to come. Embracing the timeless wisdom of diversification with gold is a prudent and strategic choice in navigating the complexities of today’s uncertain economic landscape. ____________________________________________________________________________________________________ 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 thought-provoking episode of “The Gold Standard,” your host Jennifer Horn talks with special guest Ken Russo, VP of the Midas Gold Group, a trusted name in the precious metals industry. Join them as they discuss one of the most pressing topics of our time: the threat to our privacy and freedom brought about by the emergence of central bank digital currencies (CBDC). As governments and financial institutions worldwide consider the implementation of CBDCs, concerns regarding personal privacy and data security have reached new heights. Jennifer and Ken provide valuable insights and thoroughly explore the potential consequences of a cashless society. Jennifer and Ken shed light on how central bank digital currencies could impact how we transact, save, and store wealth. It could also impact the way we live and our ability to make choices. They examine the fine line between convenience and vulnerability, discussing the risks associated with a financial system that relies solely on digital transactions. The ongoing banking crisis catalyzes the potential implementation of a central bank digital currency (CBDC). The situation underscores the need for a resilient and innovative financial infrastructure that can withstand shocks and adapt to changing circumstances. The vulnerabilities exposed in the traditional banking system, such as liquidity challenges, operational inefficiencies, and limitations in cross-border transactions, have prompted policymakers to explore alternative solutions. CBDCs are viewed as a potential remedy to address these shortcomings, offering faster and more efficient payment systems, enhanced financial inclusion, and greater transparency. As governments seek to restore confidence in the financial system, the concept of a CBDC has gained traction, as it holds the promise of a more stable, secure, and accessible form of digital money. The current banking crisis serves as a wake-up call, prompting authorities to seriously consider the implementation of a CBDC as a means to modernize and revitalize the financial ecosystem. As digital currencies become a focal point in the financial landscape, there is a growing unease about the potential erosion of privacy rights. The government’s proposed Central Bank Digital Currency (CBDC) raises significant concerns regarding personal privacy. A CBDC system can easily track every transaction. It will give the government the power to monitor and store your financial activity in a centralized database. This level of surveillance directly threatens personal privacy, as it creates a comprehensive record of individuals’ financial lives, spending habits, and economic behaviors. Such a vast amount of personal data in the hands of central authorities raises valid concerns about surveillance, data breaches, and the potential misuse of information. The loss of privacy in financial transactions could have far-reaching implications, curtailing individual autonomy, stifling financial freedom, and potentially enabling the government to exert excessive control over the lives of its citizens. Policymakers must address these privacy concerns and establish robust safeguards to protect individuals’ privacy rights in the advent of CBDC implementations. Catherine Austin Fitts, the esteemed founding editor of the Solarli Report, is a leading voice in the discussion surrounding the implications of a central bank digital currency (CBDC) for American citizens. With her deep understanding of the financial landscape and commitment to empowering individuals, Fitts sheds light on the potential ramifications of a CBDC on the lives of ordinary Americans. Through her analysis, she raises thought-provoking questions about the erosion of privacy, the concentration of power, and the potential loss of economic autonomy that could accompany the introduction of a CBDC. Fitts encourages citizens to examine the implications of a CBDC critically and advocates for an open dialogue to ensure that the implementation of digital currencies aligns with the principles of individual rights, privacy, and financial freedom. Her insights provide valuable perspectives as individuals navigate the evolving financial landscape and seek to protect their economic well-being. Ken Russo asks, “Why would you leave all your assets in a system where they will watch everything you do?” He offers a unique perspective on the importance of diversification and gold and silver’s role in safeguarding personal wealth and preserving privacy. He shares strategies and tips for listeners concerned about protecting financial autonomy in an increasingly digital world. ______________________________________________________________________________________________ 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/

https://www.midasgoldgroup.com/ The hostess of THE GOLD STANDARD, Jennifer Horn, and co-host Ken Russo, Senior Vice President of Midas Gold Group, explore the things our government isn’t telling us about our paper currency, the banking system, and steps you can take to protect some of your wealth by taking some of your paper assets out of the system and into precious metals. Many individuals are understandably concerned about the potential erosion of their financial legacy or the ability to fund their retirement dreams as retirement looms. During these times of uncertainty, the importance of portfolio diversity and the inclusion of precious metals becomes paramount. Jennifer and Ken aim to empower you with the knowledge and understanding needed to make informed decisions about your financial future. Consider what government officials aren’t telling you. In this thought-provoking episode, Jennifer and Ken shed light on the half-truths and lies propagated by the government. By uncovering hidden realities and providing an authoritative perspective, Ken discusses the crucial role that precious metals play in protecting your wealth. Join us for a fascinating discussion that will equip you with the knowledge to secure your financial legacy and fortify your retirement. In the late Summer of 1971, President Nixon’s executive action suspended the convertibility of the U.S. dollar into gold and effectively dismantled the Bretton Woods System. He said it was “temporary.” Little did we know then that this decision would have far-reaching consequences, altering the trajectory of the US dollar and impacting our economy and savings accounts 50 years later. The decision to abandon the gold standard forever changed the trajectory of the US dollar. The dollar, untethered to gold or anything else, became a fiat currency, deriving its value primarily from the trust and confidence of market participants. While this newfound flexibility allowed for economic maneuverability, it also exposed the US dollar to fluctuations in international currency markets, leading to volatility and uncertainty. Nixon’s action continues to have profound implications for the US economy. The flexibility in monetary policy enabled the Federal Reserve to address short-term economic challenges, such as recessions, through measures like interest rate adjustments and quantitative easing. However, it also contributed to the accumulation of significant public debt and the continuous erosion of our purchasing power over time. Savers and investors have had to navigate an environment where preserving and growing wealth require careful consideration of alternative investment options, such as the one that historically has served as a store of value. Established after World War II, the Bretton Woods System fixed the values of global currencies to the US dollar, which, in turn, was pegged to gold at a rate of $35 per ounce. The US dollar became the world’s reserve currency, and countries held US dollars as a store of value. The gold standard provided stability and facilitated international trade by ensuring a reliable exchange standard. The banking crisis echoes the 2008 financial crisis, stemming from banks’ failure to hedge risks associated with loans and mortgages adequately. As interest rates rise and the value of fixed-income securities plummets, it only makes sense that depositors grow increasingly concerned about the safety of their money. Lake of liquidity is a systemic problem that extends beyond regional banks. Investors are waking up to the real risk of trusting paper assets. Gold serves as a hedge against financial and geopolitical uncertainties. Precious metals provide stability during times of crisis. Diversifying portfolios and converting some paper assets into tangible investments, such as gold, can mitigate the risk of losing hard-earned money when it’s most needed. As bank failures continue, it becomes increasingly important to take precautionary measures. The current environment allows investors to reevaluate their strategies and consider the value of tangible assets like gold and silver. These tangible assets give individuals security and protection against the vulnerabilities of our banking system and flawed monetary policies. With rising interest rates and economic uncertainties, gold offers a reliable means to preserve wealth and navigate financial uncertainties. Join us next time as we take a closer look at the threat posed by the coming of Central Bank Digital Currency, or CBDC. ____________________________________________________________________________________________________ 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/