The Everything Crash | The Gold Standard #2206

https://www.midasgoldgroup.com/

So far, 2022 has been a rocky start for the market; in fact, the worse it’s been since 2009. Since the Nasdaq dipped its toes in correction territory, stocks have been on the rebound. Things are shaky, to be sure.

Stock market spasms twitching between gains one day and losses the next. Even large companies like Netflix and Facebook aren’t immune to overnight losses that leave investors scratching their heads and wondering if his might be a lucrative buying opportunity. All but the most risk-tolerant investors with a James Bond appetite for living dangerously will play it safe and leave both stocks alone. Investors who can’t afford to lose a great deal quickly should consider other asset classes altogether. Wild swings in the market often signal wilder swings to come.

Financial Volatility, Economic Uncertainty, and the New World Order

The economic environment is looking more and more like a three-ring circus. Tremendous debt worldwide makes economies hypersensitive to changes in monetary policy. Central banks have to walk a tightrope balancing raising interest rates just enough to tame inflation but not enough to light the fuse of an explosive recession. The next recession will be when the “everything bubble” will burst. It will be an explosion because it will be a sudden release of energy that has been building for decades.

The global economy is interconnected, and there is the potential for increased spillover from the world’s second-largest economy, China. China’s real estate troubles and China’s regulatory crackdowns. The Evergrande Group is a sprawling Chinese real estate giant saddled with $300 billion debt that it can no longer manage.

Big Government is gaining a foothold, and central banks continuously push policy limits with an experimental attitude. The official roles of central banks become increasingly blurry. Americans don’t have to look far to see how national banks adopt policies that favor financiers and corporations over people. Many political leaders, such as Thomas Jefferson and Andrew Jackson, believed national banks were subversive to states’ rights and dangerous to people’s liberty. Ken Russo, the VP of Midas Gold Group, mentions G. Edward Griffin’s THE CREATURE FROM JEKYLL ISLAND, which puts forth the plausible idea that the Federal Reserve poses a severe threat to the well-being of every citizen.

Gold is Insurance Against Inflation and Deflation

Gold is not an investment because it has no risk. An ounce of gold in 1971 is still an ounce of gold in 2022. The dollar price of buying an ounce of gold changes between 1971 and 2022, but it’s the value of a dollar that changes, not the gold. Gold is always gold, and human manipulations will never change that fact. Gold seems volatile when measured in nominal dollars, but the volatility has more to do with the dollar’s value than the value of gold. Gold has done well through inflation and deflationary times because it is a store of value.

The Mexican 50 Pesos Gold Coin

Ken introduces us to perhaps one of the most unique gold bullion products to this program. It is a popular coin with investors and numismatists (people who study coins and other items used as money) alike.

First minted in 1921 to commemorate the one-hundredth anniversary of Mexico’s hard-won independence from Spanish tyranny, the Mexican 50 Pesos Gold Coin is magnificent and the first bullion product in North America. The Mexican 50 Pesos Gold Coin, also known as the Gold Centenario, offers more gold at a lower premium and historical significance. The 50 Pesos Gold coins were minted at the oldest mint in all the Americas. The Mexican City mint is still in operation today.
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