The Economic Recovery and Silver Prices: The Real Economy is recovering, however, Governments want Universal Basic Income – July 22, 2020,
so as per usual, the people who understand that we the people are responsible for keeping society together are either working right now or eager to get back to work, while the lazy amongst us, see Coronavirus as a way to push for Universal Basic Income.
I think if ever there was a time to see the disastrous effects of a Univeral Basic Income now is the time to observe it. A few months into Universal Basic Income worldwide and already almost every country in the world has record deficit spending and currency problems.
Although people like Peter Schiff see this Silver rally as the death of the U.S dollar, I actually see things in reverse, the silver and gold prices are going to reinforce the dollar standard, unfortunately, primarily because Austerity measures is something Socialist governments are unwilling to engage in.
With this snowflake culture infecting the planet worldwide, the socialists which include the environmentalists, unionized labor and all the believers in price and wage controls are going to find the new economic world challenging to navigate.
Asset Prices and the U.S dollar
Asset prices are on the rise and as I’ve stated over and over again in this blog post, Gold, silver, Bitcoin and anything else that function is money no longer need Government approval to function. There is this stupidity I find with Gold and Silver bugs who appear to be anti-bartering, if you have half-a-brain you don’t want a Gold-Standard.
Public schools, especially in the Western world, aren’t educating people about money, so a gold-Government-standard currency is actually an attack on property rights as the democratic mobsters using the force of Government hope to control and redistribute ASSETS.
The last thing any freedom fighter should want is for the Gold and Silver to back any currency because governments all over the world can use their power to NATIONALISE gold mines. Personally I don’t bash bitcoin, because, at the very east, bitcoiners have attempted to build an infrastructure.
Believers in Gold standard have attempted to do the same, but let’s call it for it is, a gold market already exists, it’s just that I don’t think people want Gold to be a savings vehicle for retirement. Gold and Silver are my savings vehicle for my retirement, but with people like Peter Schiff what they appear to be peddling is Gold being a means to get rich quick.
Hard money is there to be a savings vehicle, a means to protect your wealth from inflation, it can only be destroyed by involving the government. Gold is an asset and with every passing socialist law, asset prices are going up. People think the price of Gold bullion isn’t going up, but it is, it just hasn’t been going up next to the U.S dollar, the reason it hasn’t is because there’s still a demand for U.S dollars all over the world.
However what’s driving up Silver prices in July 2020, is the resurgence of the economy, Silver is an industrial metal, it’s used everywhere, and as the economy come roaring back silver is in demand. Now, I’ve been writing about hoarding and industrial demand for silver for months now.
These 2 worlds are going to collide and this bodes well for the price of silver, now, what’s also interesting is the thought of President Joe Biden. If Donald Trump loses the coming election, he (Donald Trump) actually has a lot to gain.
President Joe Biden is good for Gold, Good for Oil and Bad for the U.S dollar and risky for your retirement
If you need the government for retirement, good luck with President Joe Biden! I’m not even going to waste time writing about that, Green new deal? are we being serious? well, hey solar panels need silver! Joe Biden will make people like me richer and grant me permission to be even more ruthless. Barack Obama made a lot of rich people richer. People forget Vladimir Putin is the richest man in the world as is Xi Jinping, that’s socialism, that’s how it works, hand the means of production over to the government and they’ll enrich themselves, why shouldn’t they? It’s the will of the people, right?
Sure, if Joe Biden wins and the economy tanks, the mainstream media will say it was Trumps’ fault, but anyone with common sense knows, that it will be Joe Biden’s policies that will destroy the U.S economy and devalue the U.S dollar.
As a private citizen Trump, Donald Trumps’ book, Trumps’ speaking fees, the Trump brand will skyrocket as not only the price of silver and gold go up, but the price of oil follows suit. I think people forget why the price of oil is so low, I’ll leave that alone because I have some picks in the event Biden wins 2020 and I’d rather keep those to myself.
Joe Biden will have the devalued U.S dollar that Donald Trump always wanted, but understand that there will be a recovery under Joe Biden it’s just that the recovery is going to be expensive in U.S dollars which equates to inflation. Barack Obama’s recovery was paid for with cheap U.S dollars, the price of Gold and Silver eventually retreated under Obama, as the market figured out the Republican-led House of representatives in 2010, wasn’t going to allow Obama to turn America into a Socialist nation.
People tend to forget history and what led to Gold and Silvers retreat the last time. Love him or hate him, Obama was an unbeatable politician, but the Republicans were able to save the economy by blocking almost everything Obama proposed. I don’t think Biden will win a majority in November, but it could happen. I still have Trump winning 2020, but the markets are placing their bets now.
Trump is trying to get Americans back to work during an election, he know what’s at stake, everyone knows, Universal basic income is unstable, fortunately, for the United States, their current regulatory environment gives them an economic advantage over other nations which may have spent less on COVID-19 free cash giveaways, but their economies are still horrible environments to do business in.
Debt Servicing is always the name of the game and debt servicing favors the country with the least regulations, this is why the way I see it is, the fiat monetary system is all political. The market comprehends this and is beginning to price everything in. If America becomes more like the rest of the world, the U.S dollar will crash, if America continues to lead the world, the dollar will hold it’s own.
If you’re looking to get rich quick off a Gold and silver rally, try to remember that you’ll be cashing out in fiat dollars and you’ll definitely want to pay close attention to industrial demand because it might not even be wise to sell your silver in U.S dollars. If you can imagine the dollar losing value to other fiat currencies, you may want to cash out in other fiat currencies and purchase foreign assets.
In the end again, silver and gold are BARTERING tools, if you’re really into Silver and Gold what you’re into is bartering. I know a lot of people who buy works of art and other assets, to avoid hoarding government money. Why anyone would want a return to a gold standard is beyond me. It’s hard to be taxed when the only government money you’re hoarding is borrowed.
It’s not like Jeff Bezos has a big pile of cash doing nothing, wealth is often measured on the assets a person owns. When the media says this or that billionaire is WORTH this amount of fiat dollars, it doesn’t mean that this person has these fiat dollars liquid. It just means if they showed up at a bank, the bankers would have no reason not to lend that rich person the fiat government money they DEMANDED.
Until you’ve actually sold your silver or your gold, you have no idea how the market works. Buying is one thing, selling is something else. The bullion exchanges are indeed a market with store hours and they’re in business to make a profit. They’re not these friendly people who will sell you an above market price.
There’s no free lunch, get rich quick schemes only work for the people selling them!
On the private side, people like me are ruthless, I’ve bought a lot of bullion from people who ran out of cash and were forced to sell their bullion at a discount. I’m a capitalist, I’m a bit of a monarchist and I’m not fond of democracy. If my King or my Queen creates laws based on protecting me and my property and… grants me the freedom to pursue liberty and happiness what the hell do I need a democracy for?
Bartering is all about what you can do with an asset, you and I can buy the exact same amount of silver, but I know how to get more out of my silver than you do. That’s real money, that’s real life and quite frankly the government is something we all tolerate for the moment because a lot of humans are stupid and need thought leaders. I look at fiat money and the government like training wheels on a bike, some of us take the training wheels off, other humans leave the training wheels on and leave the bike in the garage collecting dust.
The economic recovery is happening and silver is in demand, Universal basic income doesn’t work, but it doesn’t mean it won’t be pushed by the socialists. Lack of productivity globally equates to deflation in the real economy, but potentially inflation in the fiat money supply. There are all sorts of opportunities ahead, I’m getting a hard-on just thinking about it!
Morons with money will be morons with money, morons with silver and gold will still be morons and they will run out of fiat dollars eventually. There is a lot of opportunities ahead! I recommend you prepare yourselves accordingly!
Silver refuses to be left behind by gold’s bull run | reuters.com
Interesting times ahead!