Its nice to see gold and silver catch a bid!
I was sure years ago that inflation would be a problem sooner rather than later.
Gold was always supposed to be a hedge against inflation. It's been hard knowing that I was right about the destruction of the dollar and the inflation the central banks were causing. It took way longer than I thought possible for the inflation to show its ugly face.
I started stacking the metals after 2008 showed the world how screwed up our monetary system was. I had no idea that this same thing has played out over and over again. I was hoping that bitcoin would wake more people up to the scam our dollar is. So many here know about this and yet they still don't even stack real things. I look at crypto as a part of my escape plan from the dollar.
This article from Zerohedge made me raise my eyebrows. https://www.zerohedge.com/markets/demand-american-gold-eagles-explodes
So far this year, the US Mint has sold 661,500 ounces of American Eagles. For the year, gold bullion demand is up a staggering 617%. When you factor out COVID-19-related sales disruptions, bullion sales are up 400% over the 5-year average between 2015 and 2019.
Looks like Peter Shiff wrote this article, I don't care what people think of him, he is right and trying to warn everyone!
He is not that liked on Leo Finance because he is a crypto bear. If you tune that out he is one of the most correct economists I have ever seen!
I think its time to remind all of my friends to prep now! I am sure that this inflation is going to persist and we are going to see some real food shortages very soon. I don't mean a little inconvenience, I'm talking about you better have some things put away if you want your family to get through this.
After you have set up some long-term food storage I would recommend getting some precious metals to hold on to some of your wealth outside the system. Things are getting crazy and it should be a wake-up call for you to take care of your family. Now is the time to learn how to grow some food to supplement your shopping and have some extra for bartering also.
I'm sorry if I'm fearmongering, do it now!
Please tell me what you think about all of this in the comments below, I think this could be a game-changer!
Thank you for reading my blog and have a great day!
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