Gold is the ultimate insurance against a bankrupt financial system, a corrupt political system and a rotten monetary system. But official propaganda, combined with people’s greed, mean that virtually nobody understands the necessity of insuring against these risks. Also, investors are convinced that stocks always go up and therefore that the 147x growth in the Dow since the end of WWII will continue unabated. Few understand that exponential growth in stocks is totally dependent on an equally exponential expansion of money printing and credit, including share buybacks.
But it isn’t enough to acquire insurance in the form of gold, it is also critical to insure the insurance. Most people who hold insurance in the form of cash, jewelry or gold, will hold it in a safe at home, in a bank safe or alternatively hide it.
For the rest of this article, click here.