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IAUM - Silver And Gold: Insurance Against U.S. Monetary Collapse
iShares Gold Trust Micro
2024-07-03 06:15:00 ET
Summary
A US default is probably not far away. This could be triggered by the next decent-sized crisis.
A stock market crisis at these debt levels would limit the government’s response.
In 1946, the gold backing for the US monetary base was about 61%. Today, it could be anywhere between 0 and 10.6%.
The US financial and monetary empire is trapped in a corner. The default is probably not far away. This could be triggered by the next decent-sized crisis....