Inflation | The Gold Standard #2101

https://www.midasgoldgroup.com/Show more

Join Dave Deno and Kenneth Russo, Jr, Sr. VP of the Midas Gold Group, as they talk about inflation and its corrosive effects on your purchasing power. Since Nixon took us off the gold standard in 1971, the US dollar has become unreliable and held together by wavering confidence in the government. Today, the paper markets are dangerous.

Never before in the history of the U.S. have we seen so much printing of money and runaway debt. The US Government, as well as others around the world, have injected stimulus money at a record pace in efforts to avoid a global #recession. This increase in the money supply erodes the purchasing power of money. Kenneth predicts a major financial crisis within the next 5 or 10 years. If you haven’t already taken steps to protect your wealth and guard against hyperinflation, the time to do something about it is now.

As the #dollar continues to lose value, it’s important to buy precious metals. Case in point, the 1 oz American Gold Eagle valued today at around $2,000 could be valued at around $3,000 in the next 3 to 5 years. If the 2,000 dollars were simply kept in cash savings, each dollar would lose purchasing power over time. Cash has always lost value over time. While there are many ways to purchase #gold and have it as part of a portfolio, Kenneth recommends holding physical #bullion coins or bars.

Physical gold has been the most reliable store of value for the past 3,000 years.

The Midas Gold Group is proud to be America’s #1 veteran-owned gold dealer supporting veterans causes with a portion of profits donated to the Wounded Warriors Project and the Semper Fi Fund. So your investment in your future is also an investment in the future of those who have bravely served the cause of freedom.

Visit us at https://www.midasgoldgroup.com/ or call (480) 360-6000

______________________________________________________________________________

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/