Gold and Silver Still the Best Antidote for Fiat Money Inflation.
In this report, I cover the early market action from London on Monday, June 3rd, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I talk about the importance of having some precious metals to protect one's savings versus the debasement of our present day irredeemable national currencies. One important point that I note is that our monetary and governmental authorities will try to keep the current Fiat or Debt Based Ponzi system going for as long as possible.
Unfortunately, the only tool Central Bankers believe in is more money or inflation. Historically the precious metals have been and in my opinion, will continue to be the best protection against fiat money inflation or currency debasement.
My conclusion is that as we fast approach the next downturn and another massive round of inflation it is more important than ever to have some kind of gold and silver insurance.
Use promo code maneco64 to get a 0.5% discount on gold and silver bullion purchases at https://www.goldinvestments.co.uk/
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Gold is doing well at the moment hopefully silver will follow. Cheers
When the downturn does come, silver has always outperformed gold in the past. Gold seems to be stuck in the trading range of $11,500 - S 1,3500 for the past two years, so is still a good buy.
I agree, the price of gold and silver are attractive. Thanks mike
My favorite is your citing from the books you've read. Don't cut them from the talking.
Hi @sryutaro, This is still a trial. So I might go back to my normal length videos.
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