Here’s something that is definitely going to happen in the near future. There’s going to be a major recession. It’s a historical fact that the current monetary economy is going to fail. Economics as a science is something that’s hard to quantify or define.
It’s not an exact science since you can’t run experiments on a large enough scale, and the only thing left to do is to think about what is going to happen based on current results. Science learns from experiments in controlled settings. Follow this link for more info https://www.sciencealert.com/man-keeps-rock-for-years-hoping-it-s-gold-it-turned-out-to-be-a-meteorite.
The economy learns from trial and error. Throughout our existence as a species, humans have tried to subdue nature and subdue money. In both cases, we have failed. Instead of living in a system that’s based on hard money like gold and silver, we’re still learning how to manipulate fiat currencies by printing more of them, hoping to fix the broken economy.
In recent years, the economic activity of Brazil, Japan, China, Europe, and the United States has decreased and slowed down dramatically. Let’s take a moment to imagine how the impending recession is going to look like. The pandemic that happened a while ago is a stark reminder that crisis is near, and it’s time to ring the bells and start buying precious metals.
How is the recession going to look like?
Of course, no one wants a recession to happen. Wishing for one is the same as wishing for a comet to strike down on the planet, or an earthquake, or a tsunami. However, nature doesn’t care about what we want or what we think is going to happen.
It just does its thing. The same thing is true about the market. It’s a system that works completely isolated from governments and human manipulation. When it’s time to present the mistakes, they’re often served with a lesson that hits our pockets. Click here to read more.
The current rate of job growth can’t keep up with inflation. More and more people are struggling to make ends meet when the end of the month comes around. Unemployment is reaching record highs, and there are no new workers that are entering the workforce.
The governments are still saying that things are good, and the media is still optimistic that the economy is going to bounce back from this setback due to the pandemic. Well, here’s an interesting statistic. The national debt of the United States has risen more than 50 percent in the last five years.
That’s not all. A month ago, the government decided to increase the debt by another 450 million dollars, which raised it to a total of 28.9 trillion dollars. That’s a lot of money. At one point, the United States is going to run out of other nations’ money.
This means that the next recession is already on the way, and the tires are starting to burn on the pavement. Whenever the monetary values weaken, interest rates decrease, which pushes people to keep spending. Look at the deals that are presented for Black Friday and other holidays.
This prompts people to keep spending their last few dollars in order to keep the system rolling. Unfortunately, everyone’s going to pay the price of inflation that we’ve all been witnessing in recent years.
How to live through the recession?
To see how to live through the recession, we only need to take a look at history. Silver and gold have always been the two best friends when currencies start to weaken. Citizens of the United States weren’t allowed to keep these two metals from 1933 all the way to 1974.
If something is banned, then that means that it’s important. In literature, the most important books are the ones that were banned when they first came out. The same thing is true in science and the economy. Precious metals are the ultimate risk-free asset.
That’s defined in every book about money, it was true in ancient times, and it still holds true today. But we don’t have to go that far back. Let’s look at gold FAQs and what happened in 2008 and 2009. There was a global credit crisis at that time, and investors could only keep their wealth if they rushed fast to assets that they could trust.
In times of crisis, the only thing that can be trusted is bullion. The value of the dollar can change, but the value of gold will forever be the same. The value should never be equated with the price. That’s a completely different thing.
Value is something that can be transferred through time and has a use case that’s based on inherent properties. The dollar represents trust in government. That’s all there is to it. On the other hand, gold is something that can serve as a medium of exchange, as well as a store of value.
How to buy it?
There are plenty of ways to buy silver and gold. The easiest one is to go online and look for a trusted vendor that can deliver a product right to your doorstep. That could be a numismatic coin, an ounce, or an entire kilogram of gold or silver.
There is a lot of security when it comes to dealing with these types of packages, so you don’t have to worry about it. Another way is to go to a physical store and buy it with cash or a credit card. Be careful when you deal with physical stores since they always want to upsell you with additional services and products.