The Vital Role of Hard Assets

What have humans done hundreds of times throughout history when their dreams were economically unworkable? They printed, or debased, their money. 

Can’t afford a war? Clip the coins! Empire too large? Go into debt! (And then print your way out of your pickle.) 

Global economy no longer growing, debts too large, and the claims too many? Quantitative easing (QE)! 

Really there’s nothing new under the sun here. Same old, same old. 

The real wealth, again, are the real things that either are the source of real wealth (farmland, oil wells, mines, timberlands, etc.) or are the tangible things that come from those assets. Gold, silver, lithium, copper, lumber, cash flowing real estate and the like. 

By far the simplest and easiest thing you can do, as a starting point, is to have a portion of your wealth safely tucked into gold and silver. 

Here’s some data for you. For a variety of reasons too numerous to go into here, the world’s central banks are too far down the QE rabbit hole to do anything but print and then print some more! This has resulted in over $15 trillion of negative yielding debt across the world. That number is exploding and sure to go even higher in the future.

 DYI