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Do THIS to protect your wealth in 2024
Last week we asked the question - how can gold go up while interest rates go up?
Doesn’t seem possible, right?
Here’s the thing: it’s all about debt. Specifically, the US government’s debt.
Don’t forget, those interest rates the Fed messes with? That’s also the rate that the government borrows at. And things are way past dicey- we’re at the point now where the government can’t even afford to pay interest on their debt. If the US government were your husband, you’d divorce him.
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There’s only one way out of this situation for the government: inflation. They have to let inflation run rampant enough that tax receipts grow, while their existing debt stays the same. And that means that, crazy enough, as interest rates go UP, the more insolvent the government becomes and hence the more likely they are to take extreme measures to devalue the currency.
The bottom line: Owning gold right now is one of the few ways to protect your wealth.
And, readers of the Silverpicker newsletter can get a head start with Augusta Precious Metals.
You probably know how I feel about them already, so take a look at what former NFL quarterback Joe Montana had to say instead:
First Quarter 2024 Sees U.S. Mint’s Coin Production Plummet to 1.73 Billion, Lowest Since 2010
2026 Native American $1 Coin Candidate Designs Depict Oneidas at Valley Forge
Coin collection worth thousands stolen in Castle Shannon, police say
Americans Throw Away Up to $68 Million in Coins a Year. Here Is Where It All Ends Up.
Noteworthy Sales
This week on my channel, another Whatnot auction. As always, I’m selling some of my prized possession, giving away some awesome coins and silver. And, if you’re reading this now, you get $15 in Whatnot credit - just click the link!
Not ready to commit just yet? Check out the preview in this week’s video.
✅ Watch: Silverpicker classic vid: How Anyone Can Make Money Buying Wheat Cents + Insane Coin Find!!!
✅ Where I buy my collections: Check out my buying guide.
✅ Research: Identify coins easily with the Coinoscope app