Ominous Warnings | The Gold Standard #2221

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Every time you look at the news media, you hear something about high inflation, job losses, rate hikes, and a fading economy. There are undoubtedly many ominous warnings that make you feel uneasy and on edge.

The Gold Standard is all about educating our listeners about the economy and ways to protect your wealth. The Gold Standard represents stability. Indeed, if our government were on the Gold Standard, we wouldn't have bouts of inflation because the government and banks wouldn't be able to manipulate the money supply. Gold is a standard of value immune to human greed. Gold is hard to beat if you're talking about stability and reliability.

Don't Panic. Learn How to Protect Your Wealth

Every creature on the planet has survival instincts. Being in survival mode makes us think twice about taking risks. We begin to think twice about buying things we don't need. A little bit of fear can be a good thing as long as you don't become like a deer in the headlights of an oncoming truck. It's important to remain responsive to changes in your environment. This episode recaps some of those changes and ominous warnings that demand attention.

The Ominous Warnings

Many economists, affiliated with a bank or not, have warned about an impending recession. Recent days have seen the Dow Jones collapse more than a thousand points in a day. The S&P Index dropped over 500 points. Goldman Sachs has become disillusioned with the S&P500 and warns that the tight labor market pushes the country closer to recession.

Golds Relationship to the Dollar

Ken Russo reminds us that the dollar has dramatically declined in value over the past few decades, losing 78% of its purchasing power since the turbulent 70s. Inflation is a decline in the value of the currency. Gold reflects the weakening dollar. The price of gold itself doesn't move.

Gold is a constant. Gold's value as an inflation hedge is because its price does not move. Don't think of the dollar price of gold. Think about the quantity of gold by weight. The dollar could collapse quickly. In such a scenario, the dollar price would no longer matter. The amount of physical gold you possess will matter.

What Percentage of Paper Assets Should be in Physical Gold

Gold and other precious metals shelters assets from stock market volatility and failing economies. The spot price of gold is something we can check throughout the day. Consider how volatile that price (the dollar's value moving up and down) has changed through the years. The conventional wisdom is to allocate 10% of your liquid assets into physical gold, silver, or Platinum. The warning signs tell us that the ratio should increase to 25%.

It's Not All About the Money

The uneasiness that comes from shaky monetary policies and unstable money impacts all of society and at different levels. Currency represents social trust. The disintegration of our currency contributes to social unrest and political polarization.

Inflation is Outpacing Wage Increases

Workers are finding their salaries are not keeping pace with inflation. They can't earn enough to cover rising prices. The lucky few who receive raises get about 1 to 5% on average. This increase is below the current rate of inflation.

Featured Precious Metal Product

Ken and Dave circle back to their earlier discussion about England's Gold Britannia. Since its debut on the world stage in 1987, the Gold Britannia remains one of the most popular gold bullion coins worldwide. The Gold Britannia is available in a range of denominations. The one-ounce Gold Britannia bullion coin has a face value of 100 pounds sterling. Since 2013, the Gold Britannia is .9999 (or 24-carat gold).

Unique features of the Gold Britannia

To commemorate the Gold Britannia's thirtieth anniversary, the artist Philip Nathan came forward to refresh the image. The new look includes a speckled radial sunburst behind Lady Britannia.

The United Kingdom's pride and glory design includes several security features in Philip Nathan's composition. There are lines within the stripes of the Union Jack flag on the shield of Britannia.

Hold a Gold Britannia in your hand, and the waves seem to move. Below Britannia's glowing gown, in the lower left of the design, is a trident that represents her prestigious naval history. As the viewer changes their perspective, the trident becomes a padlock.
Micro-text, written in Latin along the design rim, sums up the coin's modern design philosophy. The inscription translates to "an ornament and a safeguard."
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