Fiat Currency

The Dollar Is Doomed

Benjamin Franklin’s notorious quote stated, … nothing can be said to be certain, except death and taxes. We would argue that there is one more certainty: our dollar will always buy less over time. The US national debt stands at $28.3 trillion and is increasing by the second. The USDebtclock.org jumps keeps clicking away in […]

Inflation Is Already Here

By simple definition, inflation is a general increase in prices and a fall in the purchasing value of money. According to the Bureau of Labor Statistics, the annual inflation rate in the US is 2.6% for March 2021. The annual inflation rate in May of 2020 was .1%. Inflation is already here in the real […]

Gold Has Always Been Money

The correct definition of money is something that functions as a store of value and a medium of exchange. Salt was used as money in Ancient Rome. In Roman society, cattle was used as money. Some North American Native tribes used shells as money. During World War II, cigarettes were used as money. So money […]

Will Changes in Money End our Financial Freedom?

Midas Gold Group is the nation’s #1 veteran-owned gold dealer. We speak to and meet with hundreds of investors every week concerned about their financial freedom. We give in-office presentations and handle phone calls from patriots that have real concerns about the future of their money. With proposals to digitize currency, limit cash, and increase […]

World Reserve Currencies Since 1450

The US supplied the Allies in WWII and got paid in gold. After the war, countries linked their currencies to the US dollar, which was linked to gold. The Gold Standard ended completely in 1971, but the US dollar’s reserve status remained. Today more than 61% of all foreign bank reserves are denominated in US […]

Three Financial Trends from 2020 Will Continue in 2021

For most of us, 2020 has been a year that we never could have imagined at the end of 2019. The idea that governments would choose what businesses could be open which ones could close would have seemed impossible in this country. Who could have imagined that 2020 would see the stock market reach record […]

Don’t Give up on Gold even if Price Pulls Back

Gold broke out of a huge 27 year base in 2007 at just over $800 per ounce. Gold initially traded up to $1,000 per ounce and backed off to $700 per ounce shortly after the breakout. Gold then moved from $700 to $1,900 per ounce in three years. Gold has rallied $600 per ounce in […]

Recent Market Trends in Equities and Precious Metals

The last six months have been a real roller coaster ride for major markets. The economy is reeling and there is no real solution in sight. The economy and the markets are being held up by monetary expansion and global stimulus. It’s scary to think about what will happen when the stimulus and free money […]

Fed Has No Option but to Continue Printing Money

Many economists are still predicting a V-Shaped post Coronavirus shutdown. The rebounding stock market would seem to support the V-Shaped theory. However, others predict a real turnaround could take a decade. The drastic recovery in the stock market is not based on strong market fundamentals. The unemployment rate at nearly 20% is drastically higher even […]

The Importance of Gold Standard and the Executive Order 6102

The Gold Standard and What Happened in 1933 The Gold Standard was in effect in the United States up until 1933. Up to this point, countries agreed to convert paper money into a fixed amount of gold. Since the global gold supply grows only slowly, having such a gold standard would theoretically hold government overspending […]

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