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If Gold Is Dead Money, What Does That Make Fiat?

 -- Published: Thursday, 14 April 2016 | Print  | Disqus 

By Nathan McDonald

NIRP (Negative Interest Rate Policy) is an often shocking term, and has been the woe of many in retirement. It is a plague that European policy makers have unleashed on many of their citizens, and it very well could be coming to North America before you know it.

At least, this is how Pierre Lassonde of Franco Nevada sees it. As one of the most respected names in the industry, his warning should not be dismissed, and at the end of the day, why should it be? Is the threat really that unlikely?

Those of us who know how deeply this is connected are aware that the banking elite work in conjunction on many matters. They are responsible for most of the policies that politicians enact and, as many including myself believe, are some of the greatest puppet masters this world has ever seen.

Therefore, if Europe is willing to go down the treacherous path of negative interest rates, then you can bet your bottom dollar that Canada and the United States are already seriously considering this move.

This action is just one of the many reasons why gold is a better investment than ever. In the past, one of the strongest arguments against gold was the fact that it “didn’t pay interest” – essentially, the naysayers claimed if you deployed your savings into precious metals it would become “dead money.”

As many of us in the precious metals industry know, to dismiss gold for this reason is ludicrous. The insurance that gold offers in political and financial turmoil is unquestionable, and has a proven track record of protecting your savings in such times of hardship.

Not only that, but gold has been one of the best performing assets since the start of this century. It can hardly be called “dead money.” Indeed, the reality is quite the opposite.

Now this petty argument can essentially be dismissed, since putting your savings in government bonds or your bank account is not only pointless, but reckless. If you have the unfortunate luck of being in a country that is suffering under negative interest rates, then you know this for a fact.

If you live in a country that is not yet there, then you are still suffering. The pitiful rates that are being offered are not even coming close to keeping up with inflation.

The tables have turned, and as Pierre Lassonde stated in his most recent interview, perhaps the time has come for gold’s renewed bull market to begin – or perhaps it has already started. The future for fiat is grim and bleak, but for gold the outlook is bright. Stack on.


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Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.

Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.

In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world.

He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.


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