A Secure Start to the New Year | The Gold Standard #2201

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A Secure Start to the New Year

Host Dave Deno and guest Ken Russo, VP of the Midas Gold Group, welcome New Year. The US economy and stock market are more over-leveraged and hyper-extended than ever before. We are experiencing new highs in inflation, and the latest news is that there is more stimulus on its way. Ken’s message is for listeners to take action to begin securing the preservation of their wealth immediately.

The Great Artificial Construct

If you’re one of those who think the market has the resiliency to bounce back after being knocked down, you might be in store for an unpleasant surprise. We have corporate America funding itself by rolling over cheap debt and then using it to do stock buybacks to boost the share price. Higher interest rates would nullify the buyback effect and wipe out companies that wouldn’t be able to make their debt service payments.

The Perfect Economic Storm is Brewing

The unstable atmosphere of our economic climate continues to build pressure. The ingredients include the lowest interest rates in history, the fall of global bond yields, the Feds addition to unlimited currency creation (quantitative easing), the highest levels of CBOE, or the Fear Volatility Index, and the looming threat of stagflation. These are conditions that create a perfect scenario for gold.

Stagflation is the condition of high inflation combined with stagnant economic growth.

The Coming Flood

Imagine being trapped in a chamber with the walls closing in on you. The wall of rising inflation is on one side, and the wall of a market collapse is on the other. Combining the two will cause a chain reaction of credit market freezes and ultimately deflation.

If the credit markets freeze, and there’s a good chance it will happen sometime this year, the economic damage that would soon follow will be devastating. It’s time to pay attention to the warning signs.

After the Flood

The Fed won’t standby idly and watch the carnage take its toll on the markets. The central bank will have to do what it did in the crash of 1987 when Greenspan liquified the financial system. Attempts at liquifying the banking system will lead to intractable inflation, which will raise prices on tangible assets like gold and other precious metals.

Unlike the country’s situation in 1987, we have the added problem of runaway inflation. The accelerating momentum of inflation will continue to eat away at the value of the US dollar. As the dollar weakens, gold becomes stronger. As the country moves into the second quarter, the economic forecast looks increasingly gloomy, and gold’s spot price will rise. Like Russia’s military build-up along the Ukrainian border, geopolitical tensions also drive gold prices up.

The Gold Canadian Maple Leaf

As one of the finest gold bullions products in the world, the Gold Canadian Maple Leaf is extraordinary to behold and even more extraordinary to physically hold in your hand. Ken introduces the Gold Canadian Maple Leaf as one of his favorite gold bullion coins, next to the Gold American Eagle, of course. At .9999 pure gold, 24-karat, the Gold Maple Leaf is an excellent gold coin to have in your portfolio. In this episode, Ken explains why you would choose the Gold Canadian Maple Leaf to help protect your wealth in the years ahead. The Gold Canadian Maple Leaf is Gold IRA eligible.
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