You demanded answers! We will not disappoint!
Money Metals Midweek Memo podcast host Mike Maharrey is on vacation this week, so he pre-recorded an episode where he answers listener-submitted questions. He tackles subjects from whether or not he thinks the gold is still in Fr. Knox to how fractional reserve banking increases inflation.
The following are the questions Mike answers during the show.
If I want to store my gold at home, what do I need to consider?
Why are artificially low interest rates inflationary? How do they increase the money supply?
Who is going to buy our treasures? The banks are buying some, but a world banking crisis is right around the corner, and if the FED tries to it will expose our Ponzi scheme for the con it is and likely be a catalyst for a major sell-off. Yes, the criminals in DC are trying to create a market for treasuries with their “stable con” scheme, but nowhere near 9 trillion, and the likely sell-off could be massive, David Hunter thinks 80%, maybe the opportunity that Buffett, Druckenmiller, and others have been in cash waiting for. Would it be better to wait for such a crash to load up on Gold & Silver?
What would be a relatively probable event that would cause the price of any precious metal to drop drastically? Things seem strong for metals, but what is something to look out for? Also, a fun question: what is your most prized or coveted metal piece? Any cool collectibles you have found through the years?
Do you think the tariffs (and uncertainty with tariffs) will bring on a recession sooner than if they hadn’t been implemented? Or is it mostly just monetary policy that impacts the business cycle?
Based solely on your gut instinct, is there actually gold inside Fort Knox?
Follow-up: What is the real-world fallout if there isn’t gold in Fort Knox? What is the actual real-world effect on normal people if the US currency/financial system were to suffer a massive, overnight downgrade in confidence?
Proposed value of gold when we inevitably revert to the gold standard?
My wife will be leaving her job in about a year. Instead of moving her 401 to an IRA, we’re considering cashing it out and buying physical silver. Do you think the increase in the price of silver over the next ten years will make up for the penalty and lost interest?
Articles Mentioned During the Show
https://www.moneymetals.com/programs/iras" rel=”noreferrer”>How to Hold Physical Gold and Silver in an IRA
https://www.moneymetals.com/silver-gold-storage" rel=”noreferrer”>Gold and Silver Storage
