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Gold is real money, store of value, alternative to cash

Gesara.news » News » Gold is real money, store of value, alternative to cash

News Date: September 9, 2020

Schiff: Because I think they are also underestimating just how much inflation global central banks are going to create - in particular the Federal Reserve - and how much value the US dollar is going to lose against other fiat currencies, but in particular against real money, which is gold.
I don't even look at gold bullion as an investment. I look at it as a store of value - as an alternative to cash.
I think gold is going to make a much bigger rise against these fiat currencies. But as an investment, I think investors should be at gold mining stocks. Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.
Peter responded saying that just because blockchain technology has value doesn't mean bitcoin itself does.
Sources:www.zerohedge.com

Iran, Russia planing the token of the Persian Gulf backed by gold

Iran and Russia want to issue a new stablecoin backed by gold.
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like the U.S. dollar, the Russian ruble or the Iranian rial.
The "token of the Persian Gulf region" would serve as a payment method in foreign trade.
Sources: cointelegraph.com

Supreme Court could hit the tax system

The Supreme Court's decision to hear a pivotal tax case has profound implications for the future of the U.S. tax system.
At stake is the constitutionality of a proposed wealth tax, which could address economic disparities or dismantle key aspects of the existing tax framework.
A favorable ruling may promote social equity, while an adverse outcome could preserve individual economic freedom.
The case underscores the delicate balance between economic growth and fairness, making it a crucial moment in the nation's fiscal history with far-reaching implications.
The Supreme Court is expected to issue a decision by June 2024.

A Dying Fiat System and Precious Metals

With the Fed set to hike rates and kill QE, markets are in turmoil. The Fiat money System is dying.
Some bank analysts are forecasting seven hikes this year.
Gold is of course the world's ultimate asset.
The US mint sells five million silver eagle coins in January.
Silver is biding its time before taking off to the higher ground.
Source: fxstreet.com

Putin Pledges an Equal and Indivisible Security System

Vladimir Putin has been inaugurated as President of Russia for his fourth term, adhering to the tradition at the Kremlin.
The ceremony highlighted Russia's commitment to dialogue with the West and emphasized the nation's security interests.
Putin reiterated the importance of equal footing in discussions and the pursuit of a multipolar world order.
His presidency will last until 2030.
"Together with our partners in Eurasian integration and other sovereign development centers, we will continue to work to form a multipolar world order, equal and indivisible security system," Putin said at the ceremony.

The last bastion. President Xi Purges Chinas deep state

President Xi is launching his own war against Chinas deep state by launching a full-blown purge of the state security apparatus.
The ultimate goal of the campaign is simple: create police, prosecutors and judges who are absolutely loyal, absolutely pure and absolutely reliable.
Source:www.zerohedge.com

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