Why should you own gold in your investment portfolio? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some reasons to own gold, including its historical wealth-preserving qualities and its role as a safe haven. He also talks about a new buzzword central bankers and politicians are using to make inflation seem less bad.
Any suggestion of returning the monetary system to a gold standard is immediately met with howls of protest. “It’s impossible!” were told.
But Bettina Bien Greaves who was a translator, editor, and bibliographer for economist Ludwig von Mises’ works argues that there is no practical reason we couldn’t return to a gold standard. The objections are almost all ideological. “If this basic obstacle could be overcome, however, a return to gold money would become a realistic possibility,” she wrote.
One of the characteristics of gold is that it preserves wealth in a world of constantly devaluing fiat currency.
Put another way, it preserves your purchasing power over time.
The January CPI report threw cold water on the idea that the Federal Reserve has inflation under control. While the headline annual CPI came down a tick to 6.4%, month-on-month prices rose by 0.5%. After the data came out, Peter Schiff appeared on NTD News to explain why inflation is going to get even worse.
Most people believe the Federal Reserve stabilizes the economy and our money. In reality, the central bank incentivized debt and destroys wealth. Is there a way to sidestep the destructive forces of central banking and fiat money?
T.W. Thiltgen believes there is a freedom train we can escape on — gold.
You have questions. Friday Gold Wrap host Mike Maharrey has answers. In this episode of the podcast, Mike answers questions submitted by listeners. He covers topics ranging from the American Silver Eagle shortage to the best states for sound money.
Peter Schiff recently appeared on the Jay Martin Show. During the interview, he explains how the private sector can ultimately lead the world back to a gold standard.
Last month, the New York Fed launched a pilot program for a “digital dollar.” Could this be the first step toward monetary totalitarianism?
On Tuesday (Nov. 15), the New York Federal Reserve announced a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC).
The “proof of concept” program will test an “interoperable digital money platform” on a regulated liability network (RLN) for “technical feasibility, legal viability, and business applicability of distributed ledger technology,” according to a press release.
Inflation is raging. The economy is teetering on the brink. Government spending is out of control. All of this has a root cause. Our money is broken. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about what broke our money and the only way to fix it. He also reveals the illusion of rising wages and breaks down Whoopi Goldberg’s inflation blame game.
