AER - Appleseed Fund 2024 Semi-Annual Letter

2024-05-03 05:30:00 ET

Summary

• Appleseed Fund was organized as a non-diversified series of Unified Series Trust with long-term capital appreciation as its investment objective. The Fund’s investment adviser is Pekin Singer Strauss Asset Management, Inc.
• Over the last six months, the price of gold has risen 20% to reach new all-time highs, during a period where the U.S. dollar has strengthened relative to other currencies.
• Since June 2020, as we expected, monetary debasement of the U.S. dollar has not just continued; it has accelerated.
• With debt increasing and interest rates increasing since June 2020, interest payments on U.S. Government debt are skyrocketing.

Dear Appleseed Shareholder:

“Although gold and silver are not by nature money, money is by nature gold and silver.” — Karl Marx

For further details see: