Nobody would have thought this was possible, but here we are in 2020. Gold has hit its highest levels ever. Never before in the history of humanity, has gold been worth as much as it is right now. Gold broke through $2,000 an ounce, just last week. What does this mean? It means that something incredible and possibly dangerous is going to happen. The US Dollar is losing its strength across the world. Investors are no longer as confident in the world reserve currency, as they were a year ago. They are flocking to bolster their wealth and that means hedging against the dollar. So should you do the same and buy solid gold bars and or coins?
Why the big hoo-ha?
As you know, the world has been gripped by the virus and a lockdown has been enforced on every nation for many months. Only now is it starting to lift, but the damage has already been done. The FED has printed $3 trillion dollars and is possibly going to have to print more. The FED has already run up a debt so high, that many experts say it will never be paid off. The USA now has a nation’s debt of $26 trillion and this is even higher when you consider the unfunded liabilities like social care programs and pensions. The debt has become so high, and the crash of the economy has now been factored as three times worse than the crash of 2007, that real money, i.e. gold, is once more returning to the fore.
What has caused this?
It’s easy to say that the coronavirus has caused this economic meltdown, but it’s more prudent and honest to say, it merely sped things along to where they were going to end up anyway. Why? Modern monetary theory!
MMT is a system that bases itself on debt i.e. inflation. Have you heard of governments all agreeing to hit 2% of inflation? What that means is, the consumer will have 2% less purchasing power every single year. The FED will print more money out of thin air, to inject into the system, artificially raising prices. This is something that Debt to Success System blog on banker scams has touched upon a little. Go through this list and see what kinds of moves banks have made in the past that clearly, in any other scenario would be deemed an orchestrated scam. The U.N. is implicated in this list, as many of the bank’s funding schemes go towards this organization that has increasingly begun to encroach on issues of limiting free speech.
What can you do?
If you care about your future, then you have to hedge against the US Dollar. Banks are continually pumping liquidity into the market and the FED is only too happy to keep printing and taking power away from citizens. Gold is the ultimate way to become financially protected or independent.
Gold has broken $2,000 and many experts think that it will break $5,000, $10,000 and even $15,000 in the next 5 years. This isn’t a mistake, it’s really a clear sign that our global monetary system is ending.