Everything You Wanted to Ask Your Gold Dealer (part 2) | The Gold Standard #2208

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We continue our discussion of “Questions for Your Gold Dealer.” If anything, the topic has only gotten hotter since last week. Dave begins the conversation by asking, in no uncertain terms, is a crash coming? Ken sees overvaluations, a rising inflation crisis, and absolutely no reason why the market wouldn’t crash.

The Greatest Speculative Bubble of All Time in All Things

The years leading up to the Great Depression were full of heady speculation in the stock market and reckless abandonment of caution. The party came to a screeching halt in the fall of 1929. Even the well-to-do had to economize and tighten their belts.

Today, we have a generation of gamblers. There is more speculation than the entire decade leading up to the Great Depression. Add to this overvaluation and economic strife, and you have a toxic cocktail of tremendous instability.

Low-interest rates cause money to rush into the stock market. Combine this flood of currency with the high rise of passive investing. Wave after wave of money pours into the top 500 companies in the United States because people are just investing in the index simply because it’s on the rise, not on the company’s merit. The stock prices are not attached to anything. It’s like the value of the US dollar, by government decree.

Inflation, It Is Still with Us

Of course, it’s no surprise that inflation hasn’t gone away. We’ve been building our economy on trillions of stimulus dollars plus re-opening to boost demand as employees and costs of materials soar. How could it?

It’s time to take a portion of whatever you have and put it into gold or silver. Both precious metals will help preserve your spending or bartering power. Ken builds a solid case for an upcoming economic hardship that will upend people’s lives as well as portfolios.

The Constancy of Gold

All indications point to the dollar becoming weaker. That’s why it is so essential to own physical gold. Think of gold as money. Gold has an impressive track record that goes back five thousand years. Gold was money long before man made his first coin or printed the first paper currency, and it will remain money long after.

There is a constancy about gold that is undeniable. Think of physical gold by weight, not dollar price. Because when it’s all said and done, how much physical gold you have will matter, not the dollar price you paid for it.

The Advantages of Owning Silver

Like gold, silver has been used as money throughout the ages and offers protection against inflation and times of upheaval. Silver is much more affordable than gold, allowing everybody to convert some of the paper holdings into physical silver. Silver is much less expensive than gold and more practical when selling it. Silver is also a strategic metal. The global inventory of silver is dwindling, as are the supplies of silver being mined, while industrial usage of silver is growing. Modern life wouldn’t exist, as we know it, without silver. That’s how dependent we’ve become on the precious metal.

The Advantages of Having Physical Gold over Paper Gold

There is a physical gold market and a paper gold market. Because of its tremendous vulnerability to manipulations, the paper gold market can eclipse the physical gold market a hundred times over. There’s a fundamental problem with owning paper gold products. You don’t actually possess the gold. During times of panic and unrest, that will become an issue. Take a clue from the central banks around the world. They all demand physical delivery, which they keep deep within their vaults. As you diversify your portfolio with precious metals, do it by holding the physical metal so that you can lay your hands on it when you need it.

Ken introduces listeners to one of the more unique and practical gold bullion products. The size of a credit card, but resembling a gold-wrapped chocolate bar, the 50-Gram Gold Valcambi CombiBar are quickly snapped into one gram pieces to be used as money during times of crisis. The Gold Valcambi CombiBar will be especially useful during times of emergency, strife, and unpredictability.

Since 2011, when the 50-Gram Gold CombiBar was first introduced, investors have used it to protect against inflation and financial market turmoil. The Gold Valcambi Combibars have gained over five hundred percent since 2001. Worried investors are not the only ones buying Valcambi’s Gold CombiBars. The Gold Valcambi Combibars are also popular among grandparents wanting to give their grandchildren strips of gold rather than a gold coin.
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