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Never Underestimate the Feds’ Ability to Destroy Their Currencies By Tom Dyson, Editor, Postcards From the Fringe WEST PALM BEACH, FLORIDA – Greetings from Kate’s parents’ house… In this week’s mailbag edition, we talk about inflation, investing in silver, and traveling in the time of COVID-19… as well as the one board game I’ve recommended if you have kids or grandkids who want to learn about money… Reader question: Love your postcards and your thoughts on economics. About a year ago, I took your advice and got into gold and gold-related investments. It’s worked out well so far, but I wonder about your prediction for future inflation in light of Japan’s experience. Massive debt and yet little or no inflation. Comment? Don’t underestimate the ability of governments to destroy their currencies. They may not have figured out how to do it yet, but they will. They’re Hell-bent. I include Japan in this. [Featured: Early investors drooling over this new tech cash cow.] Reader question: I enjoy reading about your adventures with your family. I am curious as to how your travels were affected by COVID lockdowns. Did you all face any problems moving from one country to another? Will you continue to travel? I would love to travel with my two daughters but I’m afraid of the unknown and trying to break out of it. Thank you for your work and Happy Holidays! I don’t think international travel is possible at the moment… not because I’m afraid of COVID, but because I’m afraid of airports, checkpoints, paperwork, quarantines, flight delays, and lots of annoying rules… Our travels weren’t affected by COVID because we were in the USA when the lockdowns started, and we’ve stayed in the USA. Haven’t set foot in an airport since March… Reader comment: Tom, your advice reminds me of Warren Buffett’s. If you like it at the current price, then later you should like it even more if the price goes down. I know you hold gold, but what about silver in these times where the ratio is so distorted? I am buying silver and will convert to gold when the ratio returns to below the historic levels. Thanks, loved the postcards! Kate and I own about a dollar of silver for every five dollars of gold. | Recommended Link | | It’s Your Turn For five years now, Teeka Tiwari has arguably helped more everyday people learn how to get rich from crypto than anybody else… Now it’s your turn. You have one final opportunity to get the life you’ve always wanted… thanks to a breakthrough discovery Teeka just made. |
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Reader comment: Tom, I was intrigued by your PSs in the October 29 Postcard. We, too, introduced our kids to the Cashflow game, when our children were about 11 and 12. It was great for them, and it created all sorts of opportunities for conversations about doo-dads and investments. It has shown up in spades in our children now in their late 20s, who have finished degrees without debt, and we’re thrilled by the choices they’re making now. A few games of Cashflow teaches kids more about money and accounting than any school or university class would do… And that’s all for today! We’re packing our bags again and making the 2,600-mile trip back to Idaho this weekend… As always, please keep writing us at feedback@rogueeconomics.com, and I’ll do my best to answer your questions in a future mailbag. Talk to you again soon… – Tom Dyson P.S. Holed up in a hotel room, I recorded this URGENT video briefing. America is at a tipping point from which it may never recover. Saving your retirement and your family is the single best thing you can do right now. How? Watch this. Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Could this be what drives gold to $10,000/oz? The price of gold could reach over $10,000/oz, according to a recent forecast by investor and analyst Tom Dyson. Tom cited record expansion in U.S. government debt ($27 trillion and counting), with at least an additional $1.8 trillion in NEW deficits expected in 2021, according to the Congressional Budget Office. Is he right? The United States government revalued its official gold holdings twice in the last century. FDR did it in 1933, and gold went from $20.67 to $35 – a 69% increase overnight. Under Nixon, gold was again “revalued” to $42.22 an ounce. That’s its official price today – $1,800 less than the market price of gold. Tom believes a monetary “reset” may see the government again “re-value” its gold holdings at a much higher price. It is the One Big Opportunity you may have to make money in 2021. And it could help you avoid the One Big Threat headed your way. To see what he recommends, go here.
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