This extreme monetary expansion has made informed investors increasingly aware that such policies (and banks) have collectively driven the world into a recessionary new direction marked by persistent rather than transitory inflation. Measured against a milligram of gold, the purchasing power of the major currencies of the world has fallen by more than 95% since Nixon removed the world reserve USD from its gold backing in 1971.

Shortly, global markets and currencies (as well as those who use them) will become increasingly controlled/centralized as Central Bank Digital Currencies (likely to be backed by a partial gold coverage) replace discredited paper money with surveillance-enabled digital currencies, i.e., the E-Yen, E-Euro, E-Dollar etc.

The IMF telegraphed/confessed this new, inevitable and most-likely disorderly “CBDC” direction in 2020 when blaming a mis-managed pandemic (rather than years of central bank exigence) for the crippling debt and inflationary forces already in motion. The BIS and US Federal Reserve have made similar announcements in 2021 and 2022.

The foregoing and converging facts point once more to precious metals as an essential wealth preservation asset.

The Historical & Re-Emerging Role of Precious Metals

Each of the foregoing factors has compelled informed investors to recognize the historical role of physical precious metals as a wealth-preserving insurance asset against empirically objective risks of currency, and hence wealth, destruction.

In short owning physical gold and silver is a critical risk-management allocation rather than theoretical debate.