Election Results and the Collapsing Economy (part 2) | The Gold Standard 2243

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We continue our discussion about the recent election results and how, if any, it will affect the collapsing economy and, in particular, your portfolio.

Politics and financial markets have always been a focus of discussion regarding the health and safety of portfolios. While developments along these lines impact all investor’s long-term financial situations, history tells us that any impact is short-lived, marginal, and unpredictable.

The real question is where fiscal and economic policies will go from here when the new members of Congress move into session. Meanwhile, market moves like pumping an additional $600 billion into the economy through US Treasury bond purchases will keep investors guessing what wave will happen next and how big it will be. More Treasury bonds are great for stimulating market growth, but it also lowers their yields. Lower yields make borrowing more attractive. That’s great, but it could also lead to higher prices and a weakening dollar. Almost all of us still feel the pinch of high costs and going out of our way to spend less. But there are other economic challenges of inflation.

The next Congress will deal with the probable rise in unemployment, and many experts fear it will be the worst bear market of our lifetime. Politicians will have to figure out what to do with the debt ceiling and a possible government shutdown. 2023 is sure to be a roller-coaster of a year as the recession looms closer. You can bet there will be more quantitative easing. The Federal Reserve will continue to print money until we run out of trees.

Precious metals protect against inflation because they have intrinsic value. Gold, silver, platinum, palladium, and other precious metals carry no credit risk, and there’s no possibility of inflation. As much as they’d like to be alchemists, governments cannot make or print more of them. Precious metals also offer insurance against financial, political, and military upheavals. Investing in precious metals protects your wealth when you need it most.

Gold is money and has been for thousands of years. Financial advisors and wealth managers shy away from talking about gold or any other precious metal because they don’t make commissions off the sale of gold.

The financial system would like the public to believe it is a well-oiled machine that runs fine. Stocks help to feed the machinery of the international monetary system. There have been three collapses of the system in the twentieth century. The years were 1914, 1939, and 1973. We came close to a financial collapse in 1998 and 2008.

The US dollar is the world’s reserve currency. A lack of confidence in the dollar can ignite a new collapse. Losing confidence in the dollar as a store of value will also trigger a collapse. History has shown that failures of this kind happen about every thirty years. By that reckoning, we’re about due for another one.

When the subsequent collapse happens, like before, there will be a meeting of financial system leaders, like those held in Geneva in 1922 and Bretton Woods in 1944, to figure out what to do next. Anybody in the investment racket today is looking ahead and wondering what the new rules will be. How will they protect their net worth and the wealth of their clients? It would help if you asked yourself the same question. If you’ve been listening to the Gold Standard, you already know the answer.

To commemorate the recent passing of Queen Elizabeth the Second we discuss a bullion product that carries tremendous historical significance, the Gold British Sovereign. The Gold British Sovereign is the premier coin of the United Kingdom and dates back to 1604. The Sovereign is known for featuring the current leader of the British Empire.

The long history of British Gold coins makes them an excellent investment. Sought after across the world by investors and collectors, Gold British Sovereigns have a reputation for being appreciated over the years. Struck in 1817, the Gold British Sovereign became a circulating coin accepted in Britain and its worldwide trading partners. The Royal Mint began issuing the Gold Sovereign for the global bullion market in 1979.

Following the death of Elizabeth the Second last September, the Royal Mint began announcing plans to issue sovereigns depicting Charles the Third on the obverse, with the Royal arms design on the reverse in honor of the late Queen Elizabeth the Second. The Gold British Sovereign is a small bullion coin with .2354 troy ounces of gold content.
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