Rumors of gold revaluation have been in the news lately. One thing is clear. Politicians have no interest in using the nation’s gold reserves for anything like the original purpose.
For liberty to advance, a critical mass of the public has to understand and support it. That doesn’t have to mean a majority, or even anywhere near it. But some baseline of support has to exist.
Those looking for evidence of how inflation is affecting Americans might want to stop looking at CPI reports and instead go on TikTok and other popular social media sites.
That night in August 1971, the rules of money changed. Gold was out. Fiat currency was in. Since then, debt has exploded, inflation has become a constant, and central banks have gained the power to create money without restraint.
Mark Zandi, the Moody’s economist, did, at least, have the guts to say we are likely sliding into a recession soon—a limb economists always seem too cowardly to go out on.
Historically, the best leverage to rising gold and silver prices is to buy junior resource companies. The juniors haven’t yet joined the upward march in gold and silver prices, so I’ve been loading up on cheap precious metals exploration companies..
A prime reason inflation stayed so low for so long was our growing reliance on low-priced Chinese goods. This had benefits for Americans but also costs, which were unfortunately concentrated in certain regions and occupations.
