Protecting Your Nest Egg | The Gold Standard 2232

https://www.midasgoldgroup.com/

The escalating prices are hurting people. Everything from the housing market to the groceries we buy at the store is bedeviled with skyrocketing prices. As the screws begin to tighten, people need an inherently valuable asset. They’ll call for something they can trust to be there when they need it. Gold is the only tangible asset that has proven itself for thousands of years.

The epic global bubble is a 4-prong super bubble that includes stocks, bonds, international housing, and commodities. The market is highly speculative, combined with a toxic blend of aggressive fiscal stimulus and loose monetary policy.

History tells us that there will eventually be a reversal. Pressure builds to levels that force the bubbles to pop.

As we get closer to the financial storm quickly approaching us, we must figure out ways to protect our nest egg. We delay our Social Security claims or maybe consider a part-time job. But diversifying your wealth with precious metals is an excellent way to create a solid foundation for your retirement. The spot price of gold rises when markets experience turmoil because people want something that will hold its value instead of relying on volatile securities markets.

Wages are not keeping pace with inflation. People are struggling with lower wages while energy prices continue to climb. Energy prices are increasing at a faster rate than ever before. The energy index, which includes gasoline and household utilities, has risen 41.6% since June 2021. The cost of natural gas has doubled since the beginning of the year.

We are witnessing high inflation and the devaluation of people’s currency. Until recently, world currencies were backed by some form of precious metals. Countries fixed the value of their currencies to a specific amount of gold. The United States used gold as the basis of its currency beginning in 1834. The international money system began using the Gold Standard in 1870.

Throughout the Gold Standard, the dollar retained its value. As long as banks didn’t manipulate the money supply (increasing the money supply is a favorite pastime for the Fed), the Gold Standard prevented inflation.

Becoming the wealthiest nation in the history of the world, the United States thrived using gold as the basis of the dollar. Until 1971, the US regulated the value of gold by tying it to the US dollar at around $35 an ounce. This country’s last decade of the Gold Standard was one of great prosperity. Incompetence, ambition, and greed changed everything in 1971. Since then, the dollar’s value has fallen by fifty compared to gold. Today, the spot price of gold hovers at about $1,800.

All things move in ebbs and flows, and the spot prices for precious metals are no different. Gold and silver have proven themselves as the ultimate safe haven from financial chaos and political turmoil. The things that caused the financial crisis of 2008 were never solved. Knee-jerk actions from the central banks have made the problem worse. All the bailouts, currency creation, market manipulation, and derivatives expansion will come home to roost. When they do, gold and silver will rise.

During deflation, the government is straddled with fixed debts and falling income in the form of tax revenues. The Fed will go to any lengths to prevent the ravaging effects of deflation. They have. They’d rather deal with inflation, even though it is also an economic killer. More than anything, the Fed fears inflation because you can only lower interest rates to zero. Because the dollar inflates, the spot price of precious metals, like gold and silver, will rise.

Ken Russo tells us about a gold bullion coin that would certainly add some sparkle to your retirement nest egg. This episode’s featured precious metal product is the Gold Kangaroo from Australia’s Perth Mint. Recognized worldwide for its stunning design and craftsmanship, the Perth Mint is a leader in gold bullion bars and coins. The most popular coin is its 24-karat Gold Kangaroo, which comes in various sizes, from one-tenth of an ounce to one ounce.

For nearly three decades, the Australian Kangaroo Gold coin has dazzled investors with its incredible beauty and 99.99% pure gold content. Each release of this magnificent bullion coin honors Australia’s most recognized symbol with a breathtaking design. The obverse features the latest portrait of Her Majesty Queen Elizabeth II.

The 2022 edition of the Gold Australian Kangaroo shows a kangaroo and her joey hopping across a grassy plain with hillocks on the horizon. The Australian Gold Kangaroo is Gold IRA eligible.
______________________________________________________________________________

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/