We’re at a turning point in economic history. The world has gone crazy. Government spending and money printing is out of control. Now more than ever, buy gold or silver.
Some people are often skeptical about investing in gold, the government just looks so trustworthy, why wouldn’t I let them set the value of my money? Well, here are 6 reasons why you are wrong and should consider investing in gold.
Gold and silver are God’s money. What do I mean by God’s money? Whether or not you are religious is irrelevant, let’s just say it’s an euphemism. What I mean by God’s money is that it was here before us and will be here after us. It is the only real money, bound to scarcity and not manipulated by any government entity. The Central Bank cannot create more gold to inflate the price. Civilizations from Europe to Peru passing through Mongolia knew this, all throughout history, that’s why you will find gold mines anywhere you go. There’s a sort of eternal spiritual value found in it.
We are going through the biggest crises in global history. Started when the financial elites controlling the central banks decided to abandon the Gold Standard, in the early 20th century meaning that your money is no longer backed by gold. Yes, and what does that mean to mean you may ask? That your money is fake, it has no objective value other than they make us believe it has. The government decides how much to print and how much it is worth. Why did they do this? Simple, so that they could manipulate the money supply and advance their agenda.
Inflation is coming. Due to Covid-19 lockdowns, governments all around the world have gone crazy by slashing interest rates below 1%, inflating the money supply by increasing the fake money in the economy. 42% percent of all US Dollars floating around in the economy were printed this year. On top of that we have the 4 trillion the US government spent in a “stimulus plan”, which mostly means corporate handouts and other Covid related spending. Similar policies are happening all around the world America is just the most relevant example.
Buffet bought gold and sold bank stocks in 2020. Forget the Covid pandemic and the US election this is the biggest news of the year. The greatest investor who ever lived, Warren ” The Oracle of Omaha” Buffet has never been a fan of gold. In an interview in 2011 he stated “With an asset like gold, for example, you know, basically gold is a way of going long on fear, and it’s been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in the year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money. But the gold itself doesn’t produce anything”
So, what made him change his mind? He knows the game better than anyone else. And his crystal ball is telling him that a huge devaluation of the US dollar and a period of unprofitability for the banking sector due to negative interest rates. If you are not scared, you should be.
The Dollar is Dying. At this rate it will not be long until we see the collapse of the dollar, and with it the whole global economy. Then we will likely see an IMF (International Monetary Fund) bailout. Like we saw it already happened in Argentina, Brazil and Greece. Wanna know what IMF really means? I’m f*cked.
The IMF comes in and pays your government debt, with something called SDRs. In simple term more fake money. Your country then has to pay back the loans and embark on a “structural adjustments” of the economy. Which we all know what that means, more taxes, more central control, essentially becoming a vassal state of this globalist institution. The government creates the problem and solves it with more intervention and centralization, taking away your freedom one crisis at the time.
The stock market is an artificially inflated bubble. By going crazy with the “money printer”, governments around the world have created a bubble. Financial stimulus is really mostly handouts to financial institutions and corporations, like Wells Fargo, AT&T and Carnival Cruise to name a few. These corporations in turn reinvest part of it in stock buybacks, inflating the price and selling it as individuals at the peak. Making a fat profit, while the average Joe, mom and dad, with the 401k buy overpriced stocks. How’s all this called? Oh yeah, government backed insider trading.
The other reason for this huge bubble is low interest rates. People do not want to lose money. So when the government sets artificially low interest rates like we are seeing all over the world, instead of letting it be eaten up by inflation they take it out and invest it in real assets. Money which would otherwise be kept in the bank account is now inflating the price of assets like stocks.
Problem is, this will all come crashing down, have no doubt about that. The growth, like the money, is fake. Unfortunately, I don’t have a crystal ball that tells when or how much it will crash. In February the S&P 500 crashed almost 34%, before the government stepped in. But when it did it just made the situation worse, I predict that the next crash is going to be even bigger expect something like the crash of 1929. It’s going to be structural and this time, money printing will not save the day.
Disclaimer: The Content is an opinion and is for information purposes only. It is not intended to be investment or financial advice nor does it constitute an offer to buy or sell or a solicitation of an offer to buy or sell shares or any other assets. Seek a duly licensed professional for investment or financial advice.