Egyptians Flee to Gold to Fight Inflation

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As they say, “those who do not study history are doomed to repeat it.” However, whether you study history or not, you are doomed to repeat it. But when you do study history, you are not doomed to suffer the consequences of those same themes playing repeatedly. And right now, in Egypt, we are seeing a gold buying mania from the inflation that they are experiencing there.

This is a story that has played out over and repeatedly throughout history. When a government gets too loose and easy with its monetary policy and starts printing, that cash’s value away. We start to see the people turn to harder forms of money, and that is exactly what is happening right now in Egypt.

Timecodes
0:00 Video Introduction
0:42 Parallel Markets
1:45 War Has Created Higher Prices
3:02 Egyptians Store Their Wealth in Other Resources
5:25 Portfolio Allocation Mastery Course

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