Maharrey sat down with Greg Weldon, founder of Weldon Financial, to discuss the accelerating bull market in gold and silver, Federal Reserve policy, and global de-dollarization.
According to the reports, exploration surveys indicate a deposit of 31 million tonnes of ore that would yield approximately 320,158 tonnes of refined gold, valued at $12 trillion.
J.P. Morgan told Congress in 1912, “Gold is money, everything else is credit.” Stablecoins, however clever, belong to the world of credit. Your protection against fragility is to own the timeless asset itself.
David’s piece will make you think and give you insights into what the actual process of investing should be at its very beginning, using a term from my seminary days, the actual ontology of investing.
For savers, investors, and anyone concerned with preserving wealth, the question is how to position yourself in a system that is being rewritten in real time.
With the US Treasury and increasing control over the Fed to back him, he can now throw massive amounts of money into taking control of winners as he sees fit.
The purchasing power of the Federal Reserve Note against real assets, especially gold and silver that cannot be printed or debased, continues to be on the chopping block.
Investors and the media interpreted those remarks as a signal that “the race is on”. Someone said that Powell’s remarks “opened the door to a possible interest rate cut”.
