Hi,
It was announced late Sunday, May 28th, 2023 that President Biden and Republican Speaker of the House, Kevin McCarthy had reached a tentative debt ceiling agreement. That said, nothing will become official until it can be sold to congress and voted into law. This is adding to the U.S. Treasury Secretary, Janet Yellen’s anxiety because…
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Global Debt Nearing Record High
Before diving into what was recently announced by the Institute of International Finance (IIF), it is important to understand the glaring difference between the financial system the world finds itself in today and a system that is built upon sound money, silver and gold. When looking at how the system operates today, it is entirely…
Investing in Perth Mint Bullion Products
The Perth Mint, a government-owned mint in Western Australia that has been producing bullion goods for more than a century, manufactures and distributes precious metal products under the brand name Perth Mint Bullion Goods. The operation in Perth has been running the longest. There are gold, silver, and platinum bars, coins, and medallions among the…
Concerns of United States Default on the Rise
If you have watched either the movie The Big Short or the documentary Inside Job, both in which cover the 2008 Great Financial Crisis, you will already have some background knowledge on what a Credit Default Swap (CDS) is. If you haven’t seen either, one, we highly suggest you do, but two, you may not…
The Gold Standard Restoration Act
In a previous newsletter we covered the difference between a gold and/or silver backed currency that is redeemable in those metals and one that is non-redeemable. We clearly highlighted the dangers of backing a paper or digital currency with precious metals or a variety of commodities and then subsequently NOT allowing the paper/digital currency to…