Fiat Currency

Our Financial System and US Dollar is Doomed under President Biden

The simple agenda of our present White House leadership is to tax the wealthy, spend on programs into oblivion, and buy popularity with freebies. The result of this simple agenda will be financially catastrophic. President Obama accelerated the federal debt from $10 trillion to $20 trillion in eight years. The Democrats never expected Donald Trump […]

The Case for Owning Physical Gold is Getting Stronger

Risky speculation is running rampant when it comes to stocks, real estate, and digital crypto. If you are an experienced investor or trader, there is always an opportunity for speculation. Speculation can make you rich, and speculation can bankrupt you. Recently the price of gold was slammed overnight as someone liquidated $4 billion worth of […]

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 […]

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