the gold standard

 I was listening to the radio on my way to the shop this morning and a radio spot come on stating " America is heading back to the gold standard" and you need to buy gold ...   Well Yes you definitely need to at least think about putting items such as silver, gold, platinum exc into your wealth savings portfolio.  for no other reason as they are a great store of wealth.  metals such as the ones I just stated have never been worth zero.  and are a great wat to hedge on inflation.

Now with that said are we inching to the "the gold standard" once again?  heck NO we as a country are way to in debt for that to take place.  there is not enough gold on the earth to soak up the debt we as a nation face.   As of right now 12/2/24 at 5:40 am est gold sits at $2643.14 at ounce and silver is at $31.00 a ounce.  If we scrapped the fiat based currency policy we are currently in all precious metals will sky rocket.  silver will be in the hundreds of dollars a troy ounce and gold , platinum and the like will soot past bitcoin prices by miles.   this will cause a shake up in the economy so bad that world economies will collapse.  and goods and services will be so dramatically high the world will stop turning.   the catalytic converter in your car would rival the price of the car its self.  

Hearing that radio add just made me chuckle a bit to myself.  I get it they are trying to make people think and move into there direction. but if you pause and take a mental note you see how way off base the add is.  Now I am a large backer of tangible holdings such as metals, land, guns, alcohol and the like.  and I think everyone needs to hold something of value that is not the paper promise the federal government hands out to us.   but do your own home work see what is correct for  you and your family.  be diversified the old saying ''don't keep all your eggs in one basket'' hold true on many levels.  

Do I  practice what I preach?  yes I do noy I did have a nice section of silver but was forced to sell a lot of it off over the summer to aid in other ventures and commitments I took on but I do plan on re stacking after the new year. I plan on concentrating on silver more that gold.  its cheaper and I can stack more at a time.  I do however plan on getting some fractional gold grams exc..  its just easier to carry those smaller amounts and use them for trade in a true SHTF situation.  but that another blog post right.  I will keep you all informed as I head back down the PM trail.  What I buy how much at a time ,if it's pure round / bars, or junk silver.  

well that's enough for now 

thanks M



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