Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital.
Gold vs. Paper: The Only Debate That MattersWednesday September 28, 2016
When the Federal Reserve was at least perceived to be an inflation fighter, and savings accounts paid interest of five percent or more, the convenience of fiat money and a modern banking system made a gold standard seem expensive and obsolete. But with the Fed now an unapologetic inflation creator and a possible looming threat of bank failures and “bail-ins” in the traditional financial system, the case for opting out of fiat money and into gold has been made all the more compelling. With Goldmoney, the path has never been easier. Goldmoney lets everyone easily save, earn*** and spend in gold. Don’t be the last one on your block to make the transition. In fact, being an early adopter has its advantages. The sooner you make the switch to gold, the sooner the government will no longer be able to tax you with inflation.
** So far physical transfers have only been approved for residents in the following states: TX, CO and OH.
*** Sending payments with Goldmoney is not currently available to US residents
There will be potential taxes on the gains or income deferral on the losses in transacting and saving in gold.
Physical ownership of gold will not yield income.
Peter Schiff is a shareholder of Goldmoney and a spokesperson for the company, for which he receives remuneration as part of its referral program.
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To order your copy of Peter Schiff's latest book, The Real Crash (Fully Revised and Updated): America's Coming Bankruptcy - How to Save Yourself and Your Country, click here.
For in-depth analysis of this and other investment topics, subscribe to Peter Schiff's Global Investor newsletter. CLICK HERE for your free subscription.This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
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