What Makes a Great Gold Dealer? | The Gold Standard #2114

https://www.midasgoldgroup.com/

This episode is about risks and uncertainties. In recent weeks, the stock market has been a roller coaster ride with wild swings from one hour to the next. From supply chain woes to debt ceiling crisis to inflation fears and questionable leadership, it seems there’s a hazard of one kind of another lurking behind every corner. Market conditions are precarious, and many economists believe growth rates are unsustainable, mainly because inflation is out of control and the Fed is almost out of moves.

As Ken Russo, VP of the Midas Gold Group, points out, “I just don’t understand how things can be so fragile after the hundreds of trillions of dollars that have been printed over the last couple of decades!”

Financial chaos is an inescapable part of our future. People saving for retirement and thinking about where to put their money to have an easier time in 10 or 30 years have to be particularly careful. As was pointed out in an earlier episode, these are people who can’t wait another 10 or 20 years for the market to bounce back again. The main takeaway is to diversify whatever you have and diversify for the long run. Ken Russo and his team at the Midas Gold Group are here to spread the message about gold and silver and help protect their financial future.

Why gold?

Often you will hear people refer to gold as God’s money because it is used throughout the Bible. After all, gold has been the primary medium of exchange for thousands of years. Gold and silver have been sought throughout the history of humankind because gold and silver represent purity and longevity. They are scarce, and man cannot create them. Gold is a reliable store of value and comes with an infinite demand, making them low risk despite governments creating worldwide turmoil and disruption.

What Makes a Great Gold Dealer?

If you’re investing in precious metals and plan to liquidate your holdings at some point, you need to go to a dealer, so it’s essential to find a reputable dealer who you can trust. Because people work and transact in the virtual world, it’s next to impossible for businesses to stay in operation for any length of time if they provide unethical service. Take the time to do your research. Read reviews. Talk with select dealers who have made it to your shortlist of candidates. In a fascinating section of this episode, host Dave Deno and guest Ken Russo break down some of the things you want to keep in mind as you look for a great gold dealer. Characterized as a “straight-shooter,” Ken has a well-earned reputation for genuinely caring about his clients and providing value to the community by offering educational resources.

The Featured Precious Metal Product

This episode’s precious metal product is considered by many to be the most beautiful US coin ever minted. Produced between 1907 and 1933 and named after the artist who designed the obverse and reverse of the coin, the Saint-Gaudens Double Eagle ($20) has an incredible history behind it, and it’s a story that involves a contest of wills and determination on the part of the US President of the time. In 1904, President Teddy Roosevelt wanted to “beautify” American coinage and proposed one of the most famous sculptures of the day, Augustus Saint-Gaudens. The old guard at the US Mint didn’t like the idea, nor did they much care for Mr. Saint-Gaudens himself. The feeling was mutual. If it hadn’t been for Teddy Roosevelt’s forceful personality, the strained collaboration between Saint-Gaudens and the US Mint probably would never have happened. Thankfully, for the world of numismatics, the Saint-Gaudens Double Eagle did happen. Decades later, Saint-Gaudens’ original obverse design of Lady Liberty was resurrected. The obverse has appeared on every American gold bullion coinage since 1986.

______________________________________________________________________________

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/