April 14, 2024

Financials Matter

"It's Not Just About Finance"

The Race to the Bottom is Accelerating

The purchasing power of the US dollar has been losing value at an alarming pace.  And it’s contending with other currencies in the race to the bottom.

Ironically (or NOT) we have Nixon to thank for most of the problem.

Why the “Trickster?”

Ever since Nixon took us off the “Gold Standard” in August 1971, the markets have benefitted from unlimited printing and credit expansion.

And that means you create unlimited access to liquidity for the big investors.

With virtually no funds reaching ordinary people (who need it) it means the haves get more and the have nots become relatively much poorer. 

And what a difference 50 years makes.

 

Look at the Currency Race to the Bottom (loss of value) vs the Price of Gold

Ironically (or NOT) most people are unaware about how their currencies are being debased.

As a result, they end up as victims of a corrupt system and never take responsibility for their own actions.

You know who I’m talking about.

They buy at the top and sell at the bottom.

And then they become experts in the most exact of all sciences, namely HINDSIGHT!

I shoulda, coulda, woulda…

Also, they don’t understand that the main purpose of precious metals is wealth preservation.

We refer to owning gold as an insurance policy against a rotten financial system (See chart above) and collapsing confidence in government.

Sounding familiar?

While currencies continue their race to the bottom, the trend in rising prices in precious metals remains intact.

In fact, it’s gaining momentum.

And as far as liquidity is concerned gold is second only to stocks with over $180 Billion (paper gold) trading every day.

 

Race to the bottom vs Inflation Protection

Today’s biggest driving force in the price of gold is institutional gold investing for primarily inflation protection purposes.

And the latest big pension fund to buy physical gold and store it in private vaults outside the banking system is CPEV for the Canton of Vaud in Switzerland.

They’ve switched out of hedge funds and into $600 million of physical gold.

Why?

Gold holds its value as currencies fall.

If you don’t own any gold yet, what are you waiting for?

Learn why you need to own MORE gold (HERE)…and the best ways to buy it (HERE).

You’ll thank us later.

Remember: We’re Not Just About Finance.

https://www.financialsmatter.com/about/

 

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