Did you know that 20% of all US dollars in the money supply, $3.4 trillion, was created in 2020 alone?
For quite some time, we have been warning our readers about inflation and what they can do to protect themselves and their hard-earned dollars.
Now, beliefs are circulating that the US dollar is headed for implosion. For a moment let’s forget about a bad recession, think of our entire US monetary system getting completely wiped out.
Of course, inflation has a part to play in this; in fact, according to Lawrence Lepard, Equity Management Associates managing partner, it will be the leading cause of the dollar’s collapse.
“We’ve reached peak debt and peak money printing as a solution to our problems. The growth of the money supply has almost gone vertical,” Lepard claimed.
“And this is how inflation, which could become hyperinflation, get started.”
Lawrence believes that the dollar’s time will come within 10 years.
When the Federal Reserve was created by Congress in 1913, it was meant to provide the nation with a safer, more flexible, and more stable monetary and financial system.
Under their supervision, there have been boom and bust cycles that have continued with three that have been the most severe: the Great Depression, the stagflationary period of 1974-82, and the current recession.
When we look at the 3 factors that can create inflation: increased demand for products and services, constraints on available supplies for goods and services, and an increase in the amount of money being printed, it’s no wonder why we’re in the situation we’re in today.
“When we get to the point where inflation is just raging, which is where I believe we are headed, people are going say this monetary system does not work. All fiat money eventually returns to its intrinsic value, which is zero,” Lepard claims.
While our past narratives on inflation and the US dollar haven’t been as strongly proclaimed (or at least to us), everything Lawrence referenced has been historically correct.
In historical times like, it has been assets like gold that provide actual tangible value.
“Houses, gold and silver coins, gold and silver mining stocks… You need to move some of your assets into something that provides you with inflation protection,” he followed.
Lepard sees gold going to $2,700 one year from now, and as high as $5,000 five years from now and in ten years from now, reaching “infinity” in dollar terms.
Seeing such predictions can be overwhelming since there are many narratives out there spanning a depth of possibilities.
At the very least, we believe that now may perhaps be the last best chance for you to prepare yourself for the rocky path that lies ahead.
No one can be 100% sure of what the future will bring, and as the old saying goes, prepare for the worst, hope for the best.
Call American Hartford Gold today at 800-462-0071 and let us know what you think.