The central banking system is a crucial component of a country’s monetary and financial framework. It plays a pivotal role in managing a nation’s currency, money supply, interest rates, and overall economic stability. Central banks operate as independent entities or government agencies and are responsible for implementing monetary policy to achieve specific economic goals.
Central banks execute and formulate monetary policy, issue currency, serve as the government’s banker and financial advisor, act as a lender of last resort to commercial banks, manage exchange rates, regulate and supervise the banking and financial system, collect data and research, and operate independently from the government to insulate monetary policy decisions from short-term political influences. It all sounds very impressive. In a nutshell, central banks are impressively failing.
The central bank system is based on fiat money and debt. Fiat money is a type of currency that derives its value from government decree or regulation. Unlike commodity money, which has intrinsic value (such as gold or silver), fiat money has no intrinsic value and is not backed by a physical commodity. Instead, its value is established and maintained by the government or central authority that issues it. The fiat currency experiment started in 1971 is on its last leg as central banks are printing trillions to keep markets afloat. Fiat money is not real money. Fiat money is a currency created out of thin air with the click of a computer key.
Physical gold is often considered a form of wealth preservation due to its historical role as a store of value and its attributes that can provide certain benefits during economic uncertainties. Gold has been used as a form of money for thousands of years, with a rich history that spans various civilizations and cultures. Its unique properties, such as scarcity, divisibility, durability, and portability, have made it an ideal medium of exchange and a store of value.
Gold Bullion Bars are an easy way to own gold
Gold bullion bars, often simply referred to as gold bars, are rectangular blocks of refined gold that are typically used for investment purposes and as a store of value. These bars are produced by private mints, government mints, and precious metals refineries. Gold bullion bars come in various sizes and weights, ranging from small bars suitable for individual investors to larger bars that are often used in institutional trading.
Gold bars are typically 24-karat gold, 99.99% pure, and come in a variety of sizes. Common sizes include 1 oz, 10 oz, 1 gram, 5 grams, 10 grams, 20 grams, 50 grams, 100 grams, and 1 kilogram. Gold bars are generally highly liquid and can be easily bought and sold in the precious metals market. Some bars produced by renowned mints or with unique designs can also have collector’s value beyond their intrinsic gold content.
Many countries produce great bullion coins
Bullion coins are coins made from precious metals, typically gold, silver, platinum, or palladium, and are primarily valued for their metal content. These coins are issued by government mints or authorized private mints and are intended for investment purposes rather than numismatic (collector) value. Bullion coins are widely recognized and accepted as a means of owning and investing in precious metals.
Some examples of popular gold bullion coins include the American Gold Eagle (issued by the United States Mint), the Canadian Gold Maple Leaf (issued by the Royal Canadian Mint), and the Australian Gold Kangaroo (issued by the Perth Mint). Other popular bullion coins include the South African Krugerrand, the Austrian Philharmonic, the Gold US Buffalo, and the UK Britannia.
The Gold Proof American Eagle is in a class by itself
The Gold Proof American Eagle is a special type of gold coin minted by the United States Mint as part of its American Eagle Bullion Coin Program. Unlike the standard bullion version of the American Gold Eagle, which is primarily valued for its gold content, the Gold Proof American Eagle is produced with a higher level of craftsmanship, attention to detail, and collectible appeal.
Some of the key features of a Gold Proof American Eagle include design and craftsmanship, a proof finish, limited mintage, packaging and presentation, legal tender status, fractional denominations, and a certificate of authenticity. It’s important to note that the value of a Gold Proof American Eagle goes beyond its gold content. Collectors often appreciate these coins for their numismatic value, rarity, and aesthetic qualities.
Gold numismatic coins were real money in the 1800s and early 1900s
You used to be able to visit your bank and exchange a $20 bill for a $20 gold coin. The coins were referred to as numismatic coins. The most popular numismatic coins were the Indians, the Liberties, and the Saint-Gaudens. Many of these coins were also minted in fractional sizes. Fractional sizes make a lot of sense since these gold coins were money themselves and exchanged and used as money every day. President Roosevelt in 1933 ended the use of sound money for Americans.
A gold numismatic coin is a special type of coin that is valued not only for its precious metal content but also for its historical, artistic, and collector appeal. Numismatic coins were produced with a higher level of craftsmanship, attention to detail, and design compared to standard bullion coins. These coins often have unique features, limited mintages, and historical significance that make them sought after by collectors and enthusiasts. These coins contained copper in them to make them more durable and less prone to scratching. The numismatic coins that exist today are the ones that were not melted down due to Executive Order 6102 and continue to play an important role today in wealth preservation.
The system will be torn down in one way or another. It could happen gradually or all at once. The time frame for the greatest wealth destruction in history is hard to predict. The crystal ball is not working right now but common sense is. We predict that the bubble bursting has a high probability of happening, and now is the time to make some decisions to protect your nest egg from being wiped out in the process. Physical gold will historically allow you to go through a financial crisis intact. Gold has always been the premiere crisis asset.
We are in the biggest financial bubble in history. The central bank system has inflated your 401(k), your IRAs, your art, your wine, and your real estate. Unfortunately, the central bank system is also destroying our country, our dollar, our markets, and our economy. It would be a smart idea to protect what you have accumulated to this point before it is gone, monitored, and inaccessible. The gold products discussed above have a long track record of not succumbing to government oversight or central bank shenanigans. Stop feeding their evil system. Don’t allow them to use your money to run their system. Their central bank system is not going to end well for regular people like you and me. It is up to you to not comply. Build your own gold standard today.