Gold $ 1314.20 Silver: $ 15.68 Palladium: $ 1438.00
Dateline: Del Mar, CA: Friday, February 15, 2019
“Spendability” = what a dollar can reasonably achieve as expected exchange value.
FNB sees a time rapidly approaching when the dollar no longer satisfies transactions.
Currency, any national currency relies upon common peoples’ trust. Trust that the amount of the currency spent satisfies the requirements of the transaction presented.
Loaf of Bread:
Let’s use a seemingly simple loaf of bread as our metric and measuring stick:
- Loaf of bread sold for $ 5 dollars
- Twenty minutes later, a similar loaf of bread sells for $7 dollars
- Next morning: loaves of bread command $ 10
This simple illustration shows forth what inflation looks like when the inflation is caused by the continuous printing of the national currency.
In our example, the loaf of bread does not really change. It’s substance is the same. It’s ingredients remain constant. It’s usage does not shift. What is different is that the government that operates the economy continues and without conscious or forethought to flood (in this case the bread market) with more and more of its spendable currency.
Fiscal and economic Armageddon for a nation happens when people, those that make the economy run and flow abandon the currency and decide to trade goods and services rather than exchange currency for these.
The United States of America races hourly towards the moment and the underlying monetary conditions when the people who operate the economy no longer will entrust their transactions to the US Dollar.
When this date happens, when this financial Rubicon is crossed, the nation’s economy officially collapses. “Ichabod!” is written over the doorway.
Next time, FNB examines the ‘street level’ impact of over-the-top currency creation and the inflationary spike and curve that it commensurately and by design casts into reality.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Founder and Owner,
First Nation Bullion
For direct consultation with a gold and silver expert contact FNB: