Gold 
“Many years ago I came up with the expression, ‘Inflate or die.’Â I felt this described the US’s attitude toward economics — that was true 20 years ago, and it’s even truer today. By the year 2020, the US will have a national debt probably approaching $20 trillion plus a lot more in unfunded liabilities that won’t show on the books.
By that time the dollar will in all probabilities no longer be the world’s reserve currency. That will mean the US will have to earn its money, rather than print it. There’s no way in the world that the US is going to earn the kind of money needed to pay off or even reduce its enormous debts. What’s the answer? The answer will be — ‘Inflate or die,’ and the US will, as usual, resort to inflation.
I’ve wracked my brain trying to think of another way out of America’s debt predicament, and I can’t think of another way. The way will be — inflation, and a lowered standard of living and the pain that goes with inflation.
We’ve spent it with our obsession for the good life, and our further insistence on maintaining an empire. You can’t have an empire and at the same time enjoy ‘the good life’ and be the planet’s biggest debtor. It just can’t be done.
Gold is true, time-tested wealth. Fiat money is paper mandated to be wealth by law. The law possesses power. But there’s one thing that trumps fiat law — reality.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
