NEWS

Lost Purchasing Power for Our Paper Dollar

The US dollar became a pure fiat currency in 1971. Before that, the dollar was backed by gold under the Bretton Woods system established after World War II. In 1944 the Bretton Woods Agreement established the US dollar as the world’s reserve currency, backed by and pegged to gold at $35 per ounce. Other currencies […]

The Federal Government Borrows Its Own Money and Pays Interest

I asked Claude AI recently that exact question. Why would the federal government borrow its own money and pay interest? The federal government borrows money by issuing Treasury securities, even though it has the power to create money. The Federal Reserve, the central bank of the United States, is responsible for managing the money supply […]

The Price of Silver Has Fluctuated Over the Past 50 Years

The modern era of silver futures trading began in the 1970s. In 1973, COMEX introduced a standardized silver futures contract, which helped to increase liquidity and market participation. The contract specifications, such as the contract size and delivery terms, made it easier for investors to trade silver. Futures contracts allow investors, producers, and consumers to […]

Do You Know What an Absolute Mess Our Financial System Is?

Do you know exactly how weak and risky our entire financial system is and what that means to your savings? You would be amazed at how many people have no idea. Maybe that is why gold makes up about 1% of all financial assets as crazy as that fact may be. But that is where […]

Our Federal Reserve Note Loses Purchasing Power Over Time

The United States transitioned to a central banking system with the creation of the Federal Reserve System in 1913. The Panic of 1907, a severe financial crisis, highlighted the need for a more stable banking system and a lender of last resort. The Federal Reserve Act was signed into law by President Woodrow Wilson on […]

The Benefits of Owning Physical Gold According to Claude AI

Claude AI is an AI assistant created by Anthropic, PBC to be helpful, harmless, and honest. Claude AI is a large language model trained to engage in open-ended conversation on a wide range of subjects. Claude has a broad knowledge spanning science, history, current events, arts and culture, and many other domains. Claude AI can […]

Rich Man’s Gold Has Flown Under the Radar for 15 Years

Wealth preservation with precious metals refers to the practice of investing in gold, silver, platinum, or other precious metals as a means of protecting and preserving one’s financial assets over the long term. Precious metals are often seen as a hedge against inflation because their value tends to remain stable or increase during times of […]

From Gold Rush to Financial Freedom

In the annals of financial history, the significance of the gold standard stands as a testament to our evolving attitudes toward money and fiscal responsibility. Since its formal adoption in 1873, the gold standard represented a bedrock of stability in the United States, anchoring the value of our currency to a tangible asset and fostering […]

Real-life Examples of Gold Holding Your Purchasing Power

Purchasing power refers to the amount of goods and services that can be bought with a unit of currency, such as the US dollar. It represents the value of money in terms of what it can buy, rather than its nominal value. When the purchasing power of the US dollar changes, it means that the […]

The US Dollar is Next in Line for the Centrally Controlled Money Graveyard

Centrally controlled money refers to a monetary system where a central authority, typically a country’s central bank or government, has significant control over the money supply and implements monetary policy. The central bank or government can print and issue currency. This gives them more direct control over the money supply. Interest rates and bank reserve […]

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