For those who adhere to the investment adage, “Buy Low, Sell High,” the Biden administration appears to be serving up a rare opportunity to buy gold and silver when precious metal prices are down from previous year highs and positioned for an historic advance.
In a weird rush of déjà vu, we can easily imagine we have returned to the presidency of Jimmy Carter, experiencing once again the bizarre phenomenon of stagflation. Like what happened in the late 1970s, today’s economy is stalling while prices go through the roof. Finally, Federal Reserve chairman Jerome Powell has admitted that inflation today is not a temporary phenomenon caused by the economy starting up again.
Inflation in the United States has rapidly moved into double digits, close to the rarified high altitude of 14.8 percent that marked the top of the Carter era hyperinflation. In 1979, then-Fed Chair Paul Volcker placed a lid on the money supply, raising interest rates to a peak of 20 percent in June 1981 and driving inflation down from a high of 14.8 percent in March 1980 to 2.5 percent three years later. The pain of Volcker’s decisive moves was that the U.S. economy suffered two punishing recessions.
The Biden administration’s penchant under the “Inflation Reduction Act” to spend another trillion dollars in Modern Monetary Theory deficit spending suggests we are not yet at the height of this new, increasingly painful round of hyperinflation. To make matters worse, with the escalating costs of energy and food pounding the middle class, the United States has entered another recessionary period of stagnant economic growth.
I first began working with Craig R. Smith, the Chairman Emeritus of Swiss America Trading Corporation in 2005, when we co-authored Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil – a bestselling book that continues to sell briskly even today, nearly 20 years after Craig and I first met. On every website I have created since 2004, including this one, I have been honored to represent Swiss America. Since 1982, Swiss America has advised clients to diversify at least a small portion of their assets in U.S. gold and silver coins for these four reasons: (1.) Liquidity, (2) Safety, (3) Profit Potential, and (4) Privacy of Ownership … in that order.
Swiss America Walking
Precious metals increasingly viewed as a “safe-harbor” investment in these uncertain financial times. Walking Liberty Half Dollars are a very popular U.S. half-dollar coin, minted in 90% silver between 1926-1947. For a limited time, Swiss America is offering DrJeromeCorsi.com followers a special offer of Walking Liberty Half Dollars at a price of $12.50 each, including delivery. The Walking Liberty Half Dollar special offer is limited to 250 coins per customer. To learn more:Swiss America's Two Free
This year, savvy investors must be prepared for rough economic times, perhaps more treacherous than any financial turmoil we have experienced in recent past decades. The Biden stagflation may reach staggering double-digit levels as the Biden administration’s Green Energy Agenda threatens to restrain U.S. production of relatively inexpensive and amply available hydrocarbon fuels, including gasoline and natural gas. To make financial times even more uncertain, central governments worldwide, including the Federal Reserve in the United States, are preparing to introduce digital currencies aimed at creating cashless societies.
As a special offer, Swiss America is offering DrJeromeCorsi.com followers the opportunity to receive Two Swiss America Special Reports to help you prepare for what’s coming next. Real Money Perspectives explains in an easy-to-understand manner the threat to our purchasing power the Biden economic plan has created. The Secret War Against Cash warns that of the federal government’s plans to ban cash by imposing regulations prohibiting banks from allowing depositors to withdraw their dollars in cash.