Monday , June 1 2020
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Get Ready for Massive Change

Summary:
The unparalleled rapidity with which this financial crisis hit has left investors, including your editor, struggling to cope. The junior mining sector had been rising and doing exceptionally well before the COVID-19 rug was pulled out from under not only this sector but virtually the entire global economy, setting in motion what I believe may be the start of a new global financial system with the dollar no longer featured as the world’s reserve currency.  I have been talking about that happening for some time, but there was no way of knowing what would trigger such an event. When the dollar loses its power along with the American empire, it will lead to profound changes in the lives of all of us. And because of the “sins” of our past (living beyond our means funded by borrowed money from

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The unparalleled rapidity with which this financial crisis hit has left investors, including your editor, struggling to cope. The junior mining sector had been rising and doing exceptionally well before the COVID-19 rug was pulled out from under not only this sector but virtually the entire global economy, setting in motion what I believe may be the start of a new global financial system with the dollar no longer featured as the world’s reserve currency. 

I have been talking about that happening for some time, but there was no way of knowing what would trigger such an event. When the dollar loses its power along with the American empire, it will lead to profound changes in the lives of all of us. And because of the “sins” of our past (living beyond our means funded by borrowed money from countries that are now our adversaries), the advantages of being able to create money out of thin air since Nixon divorced the dollar from gold may be over. In fact, I wonder if the American empire may not become a descending power with almost the same rapidity as the appearance of COVID-19. President Trump is pulling the military’s floating hospitals from around the world to the East and West coast to help hospitals cope with this epidemic and this week several countries allied with the U.S. pulled out of Iraq due to COVID-19.

Anyone who has studied history knows superpowers don’t remain super forever. From my perspective as a believer that our Creator allows terrible things to happen to good people for His eternal purpose, I’m not terribly troubled by all of this. However, those of us of sound mind and body have an obligation to help those around us survive. While it’s hard to know what draconian policies may eventually be put in place to deal with the carnage at our doorstep, history strongly suggests that owning gold and gold shares as a means of preserving wealth is a given. Determining how to own gold and which gold shares are best to own in light of this new paradigm will be a focus of this letter as long as God lets me breathe.

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