Debts Lift Gold

Despite the misguided and utopian tenets of MMT, which really is a rebranding of infinite currency creation, insolvent governments have only three options to clear their underwater balance sheets. They can inflate their currencies to liquidate their debt; devalue their currencies against a more valuable asset such gold; or throw in the towel and default on their obligations.

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The massive and continuing flood of currency creation indicates they’ve chosen the inflation option, which is driving up equity, cryptocurrency and real estate prices, along with the cost of consumer goods and services.

As the equity, bond, and real estate bubbles deflate and the debt-ravaged and wrecked economy capsizes, seasoned savers and astute investors will be protected by their precious metals holdings. Others who have ignored the importance of precious metals will realize it is too late to obtain a meaningful allocation when it becomes obvious to everyone. As they have done throughout history, millions will then turn to gold and silver, which are prized for their attributes as wealth preservers and time-tested money. However, at that time, prices will be multiples of today’s prices.

“Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few, gold has been the asset of last resort.”

Antony Sutton

Precious metals will emerge as a fundamental and favored financial sanctuary. As the tidal wave of debt dilutes and inundates the value of other assets, a growing number of individuals and institutions will convert their rapidly depreciating currencies into a limited quantity of gold, silver, and platinum. This will cause their prices to rise amid the deluge of debt.

Those who heed the call to safeguard their assets and protect their savings will weather the economic turbulence and survive the financial storm. They will be ideally positioned to prosper in the new economic era if they own physical precious metals. BMG offers an extensive choice of bars and coins through its BullionBars program, with storage in Canada as well as in other key locations throughout the world.

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Disclaimer: The information contained in this article/video provides a general overview of subjects covered, and the expressed personal views and opinions are not intended to be taken as advice ...

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