Since the privately owned Federal Reserve took control over this nation’s money supply in 1913, today’s purchasing power of the fiat-issued Federal Reserve Note. Always remember, a FRN is NOT a “dollar,’ despite the false labeling. Each one is a commercial debt instrument issued by the Federal Reserve, a central bank, one of many throughout the world.
Let us be clear, once more, , BUY physical gold and silver, now, at any price and at any time, and put it away…NOT in a bank or some financial institution; NOT in any paper form, ETF or any “certificate of ownership”form, which is just a piece of paper. If you do not hold it, you may never get to own it! Is that worth the risk? [Just ask Germany, unable to get its gold back from central banks in NY and London.] No honor among thieves, there.
Here is one more fact for you to consider: $16, 483, 729, 858, 642. That is how many fiats (paper currency dollars) are outstanding, a part of which the corporate federal government says is YOUR burden. [We warned you, FRNs (Federal Reserve Notes) are IOUs]. It is approximately the current cost of kicking the political can down the road in order to pay for all the banking failures, and government spending, the cost of funding the TSA to pat you down literally while politicians do it to you figuratively, and you can see how high those figures are.
Still, the likelihood of another devaluation of the FRN, but an “official” one, like what happened in Venezuela, as high as 50% would not be out of the realm of possibility. Anyone who still “values” the holding of valueless paper and has not purchased gold and silver in physical form, lives in denial and will “pay” dearly for that choice.
Visit Calaveras Coin & Pawn in downtown Angels Camp. They have been serving the folks of the Mother Lode for over 25 years and are family owned and operated. Whether new to buying gold or a seasoned investor they will spend the time and have the knowledge to help you with your purchase. Stop in today for a no cost, no obligation chat and a free investment guide.
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