There has been an unprecedented attack on gold and mining shares over the past three years emanating from financial institutions in order to support the government’s supposed success in bringing the economy back to health. And even though gold mining shares are down 85% during this tenure, the case for owning gold-related investments has never been more compelling…
The Century’s Best Performing Asset
Eric Sprott, James Turk and George Soros all believe this company is advancing the digital payments revolution by helping people securely acquire, store, and now spend gold with unprecedented simplicity. Accounts are free and can be opened in minutes. They provide users with a secure vault account to purchase and hold gold, the ability to make and receive instant gold payments, and a prepaid card for spending gold at traditional points of sale.
The Case For Gold
The case for keeping your wealth in gold is bolstered when real interest rates are negative, faith in fiat currencies is crumbling, and nation-states are insolvent. The massive and unprecedented “quantitative easing” programs and zero interest rate policies among the Bank of Japan, People’s Bank of China, European Central Bank, and Federal Reserve clearly show that central banks have no escape from manipulation of their bond market, currencies, equities, and economies. Fed Chairman Janet Yellen’s recent tacit admission that the fed funds rate must remain at zero for at least a full seven years was a clear validation of this premise.
Japan And The United States Are In Serious Trouble
For example, if the Bank of Japan were to stop buying every Japanese government bond issued, interest rates would skyrocket, the stock market would crash, and the economy would melt down in a matter of days. This is because any nation that has a debt-to-GDP ratio of 250 percent, is more than a quadrillion yen in debt, and is in a perpetual recession should never be blessed with a 0.3% 10-year note yield.
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