Splashed across the front (digital) page of The Wall Street Journal this week have been articles praising an “elusive soft landing… coming into view”, and framing the likely course-correction of the Federal Reserve as some sort of mild victory over inflation.
Please. This is not a victory. This is framing.
If you’ve been reading Sovereign Man for even five minutes, you know Simon’s take on this. Just last week, he predicted (again):
“1) The Federal Reserve will reverse course and start cutting rates.
This might not happen right away; the Fed seems far more concerned right now with appearing like they’re in control and know what they’re doing. But no Fed Chairman wants to preside over the bankruptcy of the United States.
So the Fed will have to cut rates and start printing money again in order to save the federal government, as well as the banking system, Social Security, and more.”
In short, things don’t look good for the finances of the United States government. Or for the dollar in the long term, for that matter.
America's $33.7 trillion debt continues to balloon, the Social Security fund is on track to run out of money in ten years, and the US government itself projects that by 2031, the country will spend 100% of its tax revenue solely on mandatory entitlements and interest on the debt.
Additionally, the world we find ourselves in today is much more volatile and less welcoming than just a few short years ago.
That’s why we maintain that it makes sense to protect your personal finances in myriad ways, including the simplest: by owning gold.
Gold has preserved wealth for over five thousand years. History demonstrates that 2,000 years ago, an ounce of gold could buy a high-quality suit for a man, and it can still do so today. That will likely remain true 2,000 years from now.
You can’t say that about any of hundreds of different fiat currencies that have come and gone over the centuries. Arguably, gold is the only asset that you can "set and forget."
Click here to read more about Why - and How - to Own Gold Today.
“When push comes to shove, you’d better have a Plan B, and you’d better have some gold in your pocket.” Jim Rogers, in an interview with Simon Black, July 2020 Over the past few weeks, Simon has been writing a good deal about the state of America’s finances (abysmal), leading to discussions about why “$2,000…
