The Best Coins to Buy (part 2) | The Gold Standard #2116

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Our financial system is failing. The financial system as we know it, and even the US dollar, might not be around in the years to come. Meanwhile, the market seems to be fueled by investors looking for quick gains and short-term plays with no sites on long-term projections and no regard for long-term consequences. Investors are anxious about the future, and you may be rightly concerned about protecting your purchasing power.

Today the US, the world’s largest economy, is piled high with difficulty. The challenges include:
• The inflation rate reached the highest level in 3 decades
• Pervasive joblessness across most of the country
• Persistent supply chain pressures

Our country spends more than it earns. As of this writing, our national debt is almost $29 trillion. Deficits by a tax system that does not bring in enough money to cover the costs of what the government has promised its citizens.

The US has been in a slowly building financial crisis since the mid-1960s leading up to Nixon taking the dollar off the gold standard. Today, plugged supply lines contribute their share to inflation. It’s challenging to get things. The person willing to pay the most for it gets it. There are three choices, print money, raise taxes, or cut spending.

Cash is not a safe place to store your wealth. As you read this, inflation erodes the buying power of your cash. History has shown that currencies are always ultimately devalued or destroyed. We are in a fiat monetary system where large deficits are maintained. Governments can’t manufacture currency and hold interest rates at rock bottom without prices eventually reflecting those conditions. That’s why we’re seeing inflation; however, gold has yet to inflate proportionately to the currency supply.

Gold will account for an expanding currency supply as it has done for thousands of years. The spot price of gold will become out-of-reach for most of us.

Continuing the previous program, Ken Russo take us on a virtual tour of foundational gold coins. These are coins you can buy to preserve your wealth, and all of them are available in the vaults of the Midas Gold Group, and most of them qualify for the precious metals IRA. The coins described in this episode:

Austrian Gold Philharmonic bullion coins pay homage to the rich musical culture so identifiable with the great city of Vienna. Ken vividly describes the beautiful design of Europe’s most popularly traded gold bullion coin. From the great pipe organ in the Vienna Musikverein’s Golden Hall on the reverse to the array of instruments that make up an orchestra on the obverse, this coin is a work of art celebrating the world-renowned Vienna Philharmonic. It qualifies for the precious metals IRA.

The South African Gold Krugerrand was first introduced in 1967 and has become a mainstay in gold bullion coins. By 1980, the South African Krugerrand accounted for most gold coinage traded internationally.

The Chinese government started the Chinese Gold Panda bullion program in 1982. Unlike other gold bullion coins, the Chinese Panda features playful Giant Pandas in different poses on the obverse. These impeccably designed coins are sought by investors worldwide and qualify for the precious metals IRA.

Like the better-known Kangaroo or Kookaburra coins, this bullion coin from the Perth mint is one ounce and debuted in 2017. The Australian Gold Swan reflects tremendous craftsmanship and is unique. The annual mintage is much lower than most bullion coin releases, so there is an added collectible value which could demand higher prices apart from the metal value. The Australian Gold Swan does qualify for a gold IRA.

Ken Russo stresses the importance of diversifying portfolios and recommends diversifying holdings in gold and silver. A perfect example of diversifying your precious metals holdings is the Valcambi CombiBars. Valcambi CombiBars come in various denominations (i.e., 20 gr bars, 50 gr bars, and 100 gr Bars). Unlike bullion coins or bars, these unique CombiBars are segmented like a bar of chocolate. For example, each 1-gr piece of the 50 gr CombiBar can be easily removed, making it ideal for barter or trade. Because of this unique feature, the Valcambi Gold CombiBars are a must for people looking to protect their purchasing power during uncertain times.
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