When the average investor thinks about gold, they may view it as an inflation hedge. Or maybe as crisis insurance. Or perhaps solely as a portfolio diversifier.
These are all good reasons to own gold—but those are always good reasons to buy precious metals. Mike Maloney’s reasons to own gold and silver at this point in history are very different than what passes as standard arguments.
Given the monetary and economic risks present today, and the types of crises Mike believes are coming, he wanted to share his personal reasons with everyone. And he has a brand new video that details them:
They center around a perfect storm of worldwide trends that are set to explode simultaneously—and push gold and silver into hyper-bubbles.
Let’s count down the Top 10 Reasons Mike Maloney owns gold and silver…
#10: All Fiat Currencies Eventually Go to Zero—and All Currencies Today Are Fiat
Since the year 1500, a whopping 617 fiat currencies have become worthless. About a quarter of those was due to hyperinflation.
The message from history is very clear: No fiat currency has lasted forever. Eventually, they all fail. And today they’re all made of paper, backed by nothing.
Mike owns physical gold and silver because they are money, and every fiat currency today is not.
#9. The Current State of the Global Economy
Debt, deficit spending, derivatives, and trade imbalances are at levels unprecedented in all of history.
As bad as worldwide debt levels are, total derivatives exceed $1.2 quadrillion. This precarious bubble threatens to take down the world economy. This factor alone could wipe out your wealth overnight. Gold and silver, on the other hand, will soar in that scenario.
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