Like many others, 2020 changed my entire world view. I got to see the best and worst of humanity from friends, family, co-workers and those who hold positions of governance. Watching debt accumulate throughout the world from governments, businesses and banks I thought to myself, there’s no way this could last! Nothing made sense. Surely some of the smartest minds in the world have read a few history books and noticed a similar pattern when it came to devaluing a countries currency. There was no way I was the only person who thought that taking on this much debt, with no conceivable way to pay any of it off was anything but a terrible idea.
That started me on an educational journey of learning everything I could about inflation, deflation, how economies function, the best and worst economies in history and why they failed. I subscribed to podcasts, watched videos and read amazing sources of information provided by experts on these topics such as Mike Maloney, Ray Dalio, Peter Schiff, Robert Kiyosaki, Doug Casey, Brent Johnson, Rick Rule and many others.
From the information I gathered, it became extremely clear to me that what I thought of as “money” was anything but. If I did what the banks and governments did with “money” printing and fractional reserve banking, I would rightfully be thrown in jail. I used my currency and exchanged it for real money, gold and silver. I switched to real savings and watched inflation crush customer bank savings accounts over the past two years. I understand that the world does not function on a gold and silver system and currency is still required for goods and services (for the vast majority of transactions).
This blog is to help myself and others to stay on track, share information and ideas on how to navigate this modern world of depreciating currencies. How to use fiat currencies to expand real wealth with real savings in precious metals. Help invest in dividend paying companies that provide real materials and services that stand the test of time. If the topic experts I mentioned earlier are correct, we are about to enter the largest faze of potential wealth destruction and creation that hasn’t been seen in a generation. Modern Gold Markets will track my minimal portfolio, breaking news in the financial markets and hopefully receive feedback from like minded people sharing their ideas and experiences that we can all learn from.
Subscribed with your email and stay up to date on the latest posts to comment and share any information and insight you have. You can also follow me on twitter @moderngldmarkts.
Founder