U.S. Money Reserve was founded by gold market veterans who recognized a need to combine top-notch customer service, expert market knowledge and the type of trustworthy guidance that is absolutely necessary when purchasing precious metals. As one of the nation's largest distributors of U.S. Government issued gold, silver, and platinum coins, we have had the pleasure of working with hundreds of thousands of clients who have taken advantage of the many financial benefits of owning precious metals.
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Asbo-bloomin'-lutely it is! Privately owned phyiscal gold is something tangible that one can hold in one's physical possession and trade for fiat currency when necessary. Bitcoins are just numbers on a Blockchain. Bitcoin and other cryptocurrencies cannot be spent as easily as fiat currency; Ma and Pa stores are unlikely to accept them. Their practical use is questionable. There have been instances of people losing their digital encryption keys and digital wallets, and hacking of exchanges. And being decentralised means there is no central government or bank one can approach to regain access to cryptocurrency. I see it as nothing more than a fad and impractical in the real world.
For years I heard platinum was in catalytic converters, now it's palladium? There's a glut of cars not being sold and yet the price of palladium keeps going up. Makes no sense.
So in short, under the Nixon administration, America was taken off of the "gold standard" to stop American citizens from rightfully exchanging U.S. currency for physical gold in fear of the citizens depleting U.S. reserves whereby putting the real "power" back in the hands of "the people", instead of a corrupted group of government officials.
Today is October 17, 2020. The unfunded liabilities has increased $30 trillion since this video is made over 300 days ago. That’s $1 billion dollars a day. It’s now $154 trillion.
My father worked there. I was able to go inside because I was so young. Maybe 4 years old at the time. I remember seeing gold bars in the vault and got to hold one. My dad has a replica gold bar made out of lead but has the fort Knox imprint on it. It's the same size and weight as the real thing. My older sister was 10 years old wasn't allowed in ,they were super strict. Honestly as only one of the few who has ever been inside I feel blessed.
