INVEST NOW!
Value of gold and silver coins dated 10/21/2019 at 9:28Pm Est
Gold Value per Oz $7,600
Silver Value per Oz $918
Countries such as Turkey and China are encouraging their nationals to invest in gold and silver backed currency to not only increase the wealth of their nations but to combat the USD that has dominated the world by military operations, war, force and destabilization of governments.
On March 22nd 2018, the congress of the United States entered resolution 5404 into the House of Representatives of the United States Congress; admitting that the USD / Federal Reserve Note / United States Dollar has lost 96% of its value since the end of the gold standard in 1913 and since the U.S. ended its interchangeability with precious metals internationally in 1971.
Gold should be an important part of a diversified investment portfolio because its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline. Although the price of gold can be expensive in the short term, it has always maintained its value over the long term. Gold and other precious metals are respected throughout the world for their value and rich history, which has been interwoven into cultures, governments, private businesses and nations for thousands of years. Coins containing gold appeared around 800 B.C. Throughout the centuries, people have continued to hold gold for various reasons. Societies, and now economies, have placed value on gold, thus perpetuating its worth. It is the metal we fall back on when other forms of currency don't work, which means it always has some value as insurance against tough times.
Owning precious metals and other hard assets such as real estate, is the only way to protect yourself against inflation and deflation alike, and a good portfolio diversifier.
Although the U.S. dollar is one of the world's powerful reserve currencies, when the value of the dollar falls against other currencies as it did between 1998 and 2008, this often prompts people to flock to the security of gold, which raises gold prices . The price of gold nearly tripled between 1998 and 2008, reaching the $1,000-an-ounce milestone in early 2008 and nearly doubling between 2008 and 2012, hitting around the $1800-$1900 mark.
Gold has historically been an excellent defense against inflation, because its price tends to rise when the cost of living increases unlike the value of USD. Which, once the cost of living goes up, along with minimum wage, the value of the USD remains the same; worthless.
Text - H.R.5404 - 115th Congress (2017-2018): To define the dollar as a fixed weight of gold. | Congress.gov | Library of Congress
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. FINDINGS.
Congress finds the following:
(1) The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913.
(2) Under the Federal Reserve’s 2 percent inflation objective, the dollar loses half of its purchasing power every generation, or 35 years.
(3) American families need long-term price stability to meet their household spending needs, save money, and plan for retirement.
(4) The Federal Reserve policy of long-term inflation has made American manufacturing uncompetitive, raising the cost of United States manufactured goods by more than 40 percent since 2000, compared to less than 20 percent in Germany and France.
(5) Between 2000 and 2010, United States manufacturing employment shrunk by one-third after holding steady for 30 years at nearly 20,000,000 jobs.
(6) The American economy needs a stable dollar, fixed exchange rates, and money supply controlled by the market not the government.
(7) The gold standard puts control of the money supply with the market instead of the Federal Reserve.
(8) The gold standard means legal tender defined by and convertible into a certain quantity of gold
(9) Under the gold standard through 1913 the United States economy grew at an annual average of four percent, one-third larger than the growth rate since then and twice the level since 2000.
(10) The international gold exchange standard from 1914 to 1971 did not provide for a United States dollar convertible into gold, and therefore helped cause the Great Depression and stagflation.
(11) The Federal Reserve’s trickle down policy of expanding the money supply with no demand for it has enriched the owners of financial assets but endangered the jobs, wages, and savings of blue collar workers.
(12) Restoring American middle-class prosperity requires change in monetary policy authorized to Congress in Article I, Section 8, Clause 5 of the Constitution.
Investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. This is so, because the people are the true controllers of the market and the value of things.
Deflation Protection
Deflation is defined as a period in which prices decrease, when business activity slows and the economy is burdened by excessive debt, which has not been seen globally since the Great Depression of the 1930s. During the Depression, the relative purchasing power of gold soared while other prices dropped sharply. This is because people chose to hoard cash, and the safest place to hold cash was in gold and gold coin at the time.
On March 22nd 2018, the congress of the United States entered resolution 5404 into the House of Representatives of the United States Congress; admitting that the USD / Federal Reserve Note / United States Dollar has lost 96% of its value since the end of the gold standard in 1913 and since the U.S. ended its interchangeability with precious metals internationally in 1971.
Gold should be an important part of a diversified investment portfolio because its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline. Although the price of gold can be expensive in the short term, it has always maintained its value over the long term. Gold and other precious metals are respected throughout the world for their value and rich history, which has been interwoven into cultures, governments, private businesses and nations for thousands of years. Coins containing gold appeared around 800 B.C. Throughout the centuries, people have continued to hold gold for various reasons. Societies, and now economies, have placed value on gold, thus perpetuating its worth. It is the metal we fall back on when other forms of currency don't work, which means it always has some value as insurance against tough times.
Owning precious metals and other hard assets such as real estate, is the only way to protect yourself against inflation and deflation alike, and a good portfolio diversifier.
Although the U.S. dollar is one of the world's powerful reserve currencies, when the value of the dollar falls against other currencies as it did between 1998 and 2008, this often prompts people to flock to the security of gold, which raises gold prices . The price of gold nearly tripled between 1998 and 2008, reaching the $1,000-an-ounce milestone in early 2008 and nearly doubling between 2008 and 2012, hitting around the $1800-$1900 mark.
Gold has historically been an excellent defense against inflation, because its price tends to rise when the cost of living increases unlike the value of USD. Which, once the cost of living goes up, along with minimum wage, the value of the USD remains the same; worthless.
Text - H.R.5404 - 115th Congress (2017-2018): To define the dollar as a fixed weight of gold. | Congress.gov | Library of Congress
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. FINDINGS.
Congress finds the following:
(1) The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913.
(2) Under the Federal Reserve’s 2 percent inflation objective, the dollar loses half of its purchasing power every generation, or 35 years.
(3) American families need long-term price stability to meet their household spending needs, save money, and plan for retirement.
(4) The Federal Reserve policy of long-term inflation has made American manufacturing uncompetitive, raising the cost of United States manufactured goods by more than 40 percent since 2000, compared to less than 20 percent in Germany and France.
(5) Between 2000 and 2010, United States manufacturing employment shrunk by one-third after holding steady for 30 years at nearly 20,000,000 jobs.
(6) The American economy needs a stable dollar, fixed exchange rates, and money supply controlled by the market not the government.
(7) The gold standard puts control of the money supply with the market instead of the Federal Reserve.
(8) The gold standard means legal tender defined by and convertible into a certain quantity of gold
(9) Under the gold standard through 1913 the United States economy grew at an annual average of four percent, one-third larger than the growth rate since then and twice the level since 2000.
(10) The international gold exchange standard from 1914 to 1971 did not provide for a United States dollar convertible into gold, and therefore helped cause the Great Depression and stagflation.
(11) The Federal Reserve’s trickle down policy of expanding the money supply with no demand for it has enriched the owners of financial assets but endangered the jobs, wages, and savings of blue collar workers.
(12) Restoring American middle-class prosperity requires change in monetary policy authorized to Congress in Article I, Section 8, Clause 5 of the Constitution.
Investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. This is so, because the people are the true controllers of the market and the value of things.
Deflation Protection
Deflation is defined as a period in which prices decrease, when business activity slows and the economy is burdened by excessive debt, which has not been seen globally since the Great Depression of the 1930s. During the Depression, the relative purchasing power of gold soared while other prices dropped sharply. This is because people chose to hoard cash, and the safest place to hold cash was in gold and gold coin at the time.