DISCLAIMER – This post is not to be taken as financial advice, and this writer makes no claims about the veracity of the post or its applicability to any reader’s needs, desires, or circumstances. This writer does not claim to have any financial or professional credentials and encourages the reader to make any and all decisions based upon the reader’s own research and evaluation of that research! This writer is not directing anyone to take any personal financial action as a result of this post! Hope the disclaimer is sufficient to cause the reader to exercise EXTREME caution!!!

Federal Reserve’s web site HERE! Excerpt below:

“With public debt at high levels, some governments have begun to explore financing additional expenditures without raising taxes while also not increasing public debt outstanding. One possibility is using proceeds from valuation gains on gold reserves, as has been floated in the U.S. and Belgium recently.¹ For the U.S., this would involve revaluing the government’s 261.5 million troy ounces in gold reserves—the largest gold reserves globally— from a statutory price of $42.22 per troy ounce to current market prices, which stand around $3300 per troy ounce.²“

A SPECIAL NOTE: THE FEDS WILL NOT GIVE ANY ADVANCE NOTICE OF THIS ACTION – IT WILL BE DONE SUDDENLY OVER NIGHT!

Consider that a “revaluing” to the current price would only bring the U.S. gold reserves value to about $3 Trillion – no where near enough to make a dent in the “admitted” $37 Trillion deficit – let alone the $150 + Trillion for all debt including “off budget items”! Realistically, a revaluing to $15K – $20K at a minimum would make more sense although would amount to just kicking the can down the road for a couple of years – maybe. Jim Rogers who’s studied the issue over a lifetime said several years ago that a non manipulated proper evaluation of gold would be $50K! (at that time, if recollection serves me well, it was aroung $1600) Since then, you could easily add another $25K!

Consider also that less than 1% of Americans have ever held a gold coin in their hand, and you have a recipe for serious impoverishment of Americans. Consider that if the dollar is devalued by seven fold, then the cost of living will escalate way beyond what anyone can afford. That will cause a severe economic decline in business, so that employers will be unable to offer employees raises commensurate with the increased cost of living. Meanwhile corporate, credit card and mortgage debt will remain the same. This will create massive bankruptcies. The 1930’s may well look like a picnic by comparison. Back then, debt was not a big problem for Americans, the real problem was margin calls on the stock market, and a shortage of money because at that time, all dollars were tied to gold, so rampant printing was not possible like it is today! Food for thought as you plan your future. THIS WRITER BELIEVES SILVER IS RELATIVELY CHEAP RIGHT NOW ALTHOUGH THIS IS NOT FINANCIAL ADVICE – DO YOUR OWN HOMEWORK AND DO NOT ACT ALONE ON THIS POST!

As an additional note, the corrupt big banks have been suppressing the silver supply for at least a decade! According to the 1792 Coinage Act, and the PDF original HERE, the gold silver ratio is supposed to be 15 – 1! Currently it is about 90 -1! It’s been as high as 104 -1 a couple of months ago.

Also, to consider, our society has nowhere near as high a moral standard as it did in the ’30’s. If times get tough, murders, robberies, burglaries, thefts, car jackings, grand theft auto, kidnappings, gas siphoning, theft of catalytic converters and other crimes will escalate dramatically, and there won’t be enough police to handle the problem! Be prepared!

Gold’s Spot Price In Weimar Germany From 1919 to 1923!

Gold & Silver Updated “Intelligent Use” Repost From June 18th 2018 – A Lot Has Happened Since!

If you choose to do so, a word search using the term “gold” will reveal dozens of posts on this BLOG site!

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