Reasons to Own Gold | The Gold Standard 2340

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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.
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