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FORBES: U.S. Dollar ‘Collapse’—Shock $8 Trillion Predicted Fed Inflation To Spark Crypto/Gold Boom

I don’t mean to brag, but I do take great pride in our reporting here and I always love it when we beat the big boys in the MSM to a story…

That’s been happening a lot recently.

We’ve been shouting from the rooftops about a pending U.S. Dollar Collapse (with big thanks to our good friend Bo Polny) and what that will do you your savings (spoiler alert: it’s bad!).

But also what it will do to crypto and gold/silver (spoiler: it’s very good!).

We’ve been telling you that as often as we can, but today it’s not just me and Bo telling you.

Today it’s Forbes.

You know, financial giant Forbes Magazine?

Yup.

Check out this headline from a story they just ran:

The story has been going viral online:

Here’s a portion of what Forbes wrote in that article:

BitcoinBTC 0.0%—alongside other major cryptocurrencies ethereum and XRPXRP 0.0%—have lost momentum after surging into 2023 (though a surprise leak from a major tech company could mean that’s about to change).

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster ahead of next year’s historical bitcoin halving!

The bitcoin price has lost around 60% since peaking at almost $70,000 per bitcoin in late 2021, wiping around $2 trillion from the price of ethereum, XRP and the rest of the crypto market—even as a BlackRock insider primes the market for a $17.7 trillion earthquake.

Now, as the Federal Reserve grapples with a $33 trillion U.S. “debt death spiral,” Jefferies’ analysts have warned the Fed will be forced to restart its money printer—potentially collapsing the U.S. dollar and fueling a bitcoin price boom to rival gold.

Bitcoin’s historical halving that’s expected to cause crypto price chaos is just around the corner! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market

Analysts have called bitcoin a “critical hedge” against U.S. dollar inflation and Federal Reserve … The Best Weapon In ‘Starfield’ May Genuinely Have ToBe Nerfed “G7 central banks, including most importantly the Federal Reserve, will not be able to exit from unconventional monetary policy in a benign manner and will ultimately remain committed to ongoing central bank balance-sheet expansion in one form or another,” Christopher Wood, global head of equity strategy at Jefferies, wrote in a note to clients seen by CNBC, calling bitcoin and gold “critical hedges” against the return of inflation.

The Fed began the laborious task of shrinking its swollen near-$9 trillion balance sheet in the spring of 2022 following huge expansion though the Covid-19 pandemic and economically disastrous lockdowns. So-called quantitative tightening sees the Fed suck liquidity out the financial system, passing on the burden of freshly issued debt to the private sector.

As well as reducing its balance sheet, the Fed has been hiking interest rates at a historic clip as it struggles to bring soaring inflation under control, creating what some fear could become a counter-intuitive “death spiral” for the U.S. dollar that ultimately pushes up the bitcoin price.

I believe people are smart…

People can see what’s coming.

They can tell our dollar has been destroyed, just try to go to the store and see how much you can buy for $100.

Nothing like you could 10 years ago!

Perhaps that’s why GOLD is selling out at Costco within hours of it being restocked.

The smart money knows.

Costco Gold Selling Out Within Hours…

Last week I told you that Costco would begin selling gold.

They have, and they can’t keep it in stock.

Selling out within hours!

As you know, I’m a big fan of gold and I’ve been telling you about it here for a while…

I was on this before Costco, which is why so many people love and trust our reporting…because we beat the MSM and now we’re beating the big retailers like Costco!

By the way, keep reading and I can get you connected with someone who has MUCH BETTER prices than Costco for gold and silver…

But first, the news:

From Breitbart:

Costco is apparently selling gold bars that consumers are snapping up at a record pace.

On Wednesday, CNBC described the gold bars as one-ounce gold PAMP Suisse Lady Fortuna Veriscan bars. They were reportedly being sold for approximately $1,900, the outlet said.

Costco’s chief financial officer, Richard Galanti, said Tuesday during the company’s quarterly earnings call that the bars were selling fast.

“I’ve gotten a couple of calls that people have seen online that we’ve been selling 1 ounce gold bars. Yes, but when we load them on the site, they’re typically gone within a few hours, and we limit two per member,” he commented.

When Breitbart News searched the Costco website Thursday morning, the company had listed the gold bars as a “Member Only Item,” and buyers must sign into their accounts to view the price:

And from ZeroHedge:

Just think about this for a moment: people are buying gold from Costco. This tells us that the average American has grown so weary of our government’s reckless spending and the Fed’s irresponsible monetary policy that they literally want to fill their shopping cart — online or in person — with something they know is real money. From People:

The retail giant has recently been selling 1 oz. bars of authentic 24-karat gold from South African mining company Rand Refinery and Swiss precious metal supplier PAMP Suisse on their website for $1,949.99 and $1,979.99, respectively, according to Insider.

According to the product details on Costco’s page, Rand Refinery’s gold bars are individually stamped with a unique serial number and arrive in a sealed black assay card, while PAMP Suisse’s gold bars are individually “controlled, registered, and secured” within CertiPAMP™ packaging with an official Assay Certificate and a digital certificate accessed with a QR Code.

Both items are non-refundable, provide air shipping via UPS and currently have a 4.9 out of 5 average rating on the company’s website, with one member writing on Rand Refinery’s gold bar customer rating that it was a “beautiful piece of gold” and “brand new.”

It’s an incredible commentary on the average American citizen. Americans are literally choosing to transact U.S. dollars for gold.

Now keep reading for our original report and for a place to get gold and silver with better pricing that Costco:

Costco To Begin Selling Gold

I love it when we beat the big players to the table.

We take great pride in our reporting and I love to see when that reporting is confirmed like what just happened here.

For the past few months we’ve been telling you that it might be time to look into Gold and Silver.

You know, “God’s Money”.

Since the beginning of time, that has been the only enduring sound money.

So it made sense, especially as they print the U.S. Dollar into oblivion.

When you can just print trillions of new Dollars whenever you want, it doesn’t take an economist to realize that soon the Dollars in your pocket have less value.

They’re literally “worth less” and in the future may even be entirely “worthless”.

But Gold and Silver have always endured.

We’ve been telling you over and over and what just happened this week?

Now Costco is telling you.

In addition to selling you 18 bottles of ketchup and a 32-pack of Mac-and-Cheese, Costco will now be selling GOLD.

Simple question, and again it doesn’t take an economist to figure this out: What do you think all that increased Demand is going to do to the price of Gold?

Yup.

This is a bit technical, but it shows just how well Gold has done recently:

Many are saying the Costco pricing is “not great” on Gold:

From The Daily Mail:

Bulk-buy retailer Costco starts selling GOLD worth up to £24,500 in its supermarkets – but shoppers are warned to be wary because of violent price fluctuations

Bulk-buy specialist Costco is now offering bars of gold for up to £24,500 a time

Experts warned people could be getting a poor deal after swings in gold market

The price of gold has risen 28 per cent in past 12 months, but it’s a volatile market

It’s not an item likely to be on the weekly shopping lists of many households – but one supermarket giant has started selling gold bullion alongside its everyday groceries.

Bulk-buy specialist Costco, more normally known for its ‘pile-’em-high, sell-’em-cheap’ philosophy, is now offering bars of the precious metal for up to £24,500 a time.

But experts last night warned shoppers they could be getting a poor deal, particularly after violent swings in the gold market this year.

While the company’s mark-up on gold is up to seven per cent on the market rate, it is also selling silver bars at a whopping 28 per cent premium.

Many investors have been turning to what they see as the security of gold this year, amid huge uncertainties in the world economy caused by Covid-19, international tensions and political discord in America.

But while the price of gold has risen by 28 per cent in the past 12 months to almost $1,900 (£1,469) an ounce, it is a volatile market, declining by more than six per cent in the past two months alone.

On September 24, Costco’s 100g bar was on sale for £4,939.99, when the market price for that much gold was £4,619.70 – equal to a seven per cent mark-up in store.

Now, take this and remember what Andy Schectman just told us….

Have you seen this?

Gold and Silver: “No one wants to sell at these make believe prices”

I’ve been telling you for a long time now that Gold and Silver are vastly undervalued.

I’m not a financial advisor and I can’t tell you what to do, but I can look at historical data and I can easily see that the current price of Gold and Silver makes no sense unless….it’s being manipulated.

Now who would want to do that?

And the more important question: will it go on forever, or do the manipulators eventually release the stretched rubber band and ride an explosion up?

I’ve you’ve been paying attention in life, you know the answer.

You know these crooks on Wall Street manipulate things down, ⭐️ then they load their boats, then they manipulate them up into a bubble.

Where are we in that process right now for commodities like Gold and Silver?

Right exactly where I placed that star up above.

⭐️ = You Are Here

The Big Boys are loading their boats.

But that’s not just my opinion.

I’m a nobody.

Listen to Andy Schectman who is an expert on these things and he lays it out PERFECTLY in two minutes.

Here’s my rough paraphrase:

“A concerted effort by the very powerful to use the suppression of commodities (gold, silver, but also a long list of all other commodities)…these countries are not complaining about suppressed low prices yet because they’re accumulating!  But once it becomes obvious that the availability of these commodities is very scarce and no one wants to sell at these “make believe prices” then the public says “OMG, what have we been missing?”  And maybe that all happens in concert with a breakdown of the banking system, then the public says “give it to me now” and that’s when you’ll see the circuit breakers be put into affect.  But at that point it’s too late.”

Oh my!

It’s so much better to listen to him explain it in his own words.

It’s just 2 minutes long.

Watch here (as presented by my friend the Digital Asset Investor):

But it’s not just Andy either.

It’s this latest interview over at SGT Report.

Sean does such a great job over there of interviewing people on topics the MSM doesn’t want you to see, and his latest is called “$1,000 Silver — Seriously, Stop Laughing”.

There’s actually a lot of history that goes into that quote and this was a great discussion by four very smart individuals.

Watch here:

I’ve been sounding the alarm for a while now…

Have you taken action?

As always, there’s one thing I always say and it’s never been proven wrong:  Watch what they DO, not what they SAY.

Who is “they”?

The same people Andy Schectman was talking about.

Big Governments.

Central Banks all over the world.

Big Business.

What are they doing?

They are LOADING THEIR BOATS with as much Gold and Silver as they can find and they’re laughing all the way to the bank because they’re buying at what Andy says are “make believe prices”.

Are you?

After the Great Financial Crash of 2008, I made a decision.

From that point forward, I would simply do what the Big Boys were doing.

I would simply watch what they’re doing and copy it.

Oh, and if they had Jim Cramer telling people the OPPOSITE (i.e. Cramer says Gold is a loser, but the Central Banks are buying with both fists) that was usually the perfect confirmation I needed.

So that’s been my strategy since 2008 and it’s worked very well for me.

Here’s more….

Here’s Why Banks Are Buying Up All of the Gold

I’ve got Jordan Peterson and Peter Schiff in a fascinating conversation about the Value of Gold.

And it’s not just some academic debate.

This could very soon be one of the most important things in your world when the U.S. Dollar crashes and gets its value cut in half….or worse.

These guys know what they’re talking about and this short 8 minute clip is definitely worth your time to watch.

I always say this: don’t listen to what the “Elites” tell you….watch what they are DOING.

And what are they doing?

Stacking gold and silver.

As much as they can get their hands on.

Look, I hope I’m wrong but I think we’re in for a massive event that is going to destroy bank accounts and destroy the U.S. Dollar.

So what happens to YOU when that happens?

Watch this and then scroll down for how I can help you stay safe right now….

Watch:

For those who can’t listen, here’s the transcript (and then scroll down for what YOU can do right now!  That’s the most important thing!):

One of the reasons that people are so arrogant particularly in America that the dollar status is not in jeopardy and so that we can keep on running these huge deficits we can create keep on creating inflation and the world’s got no choice right but to stick with the dollar because are they going to go to the euro are they going to go to the Yen you know the pound

I mean they’re winning B I agree all of those currencies also have problems and so do you really want to switch from one flawed fiat currency to another even if those other Fiat currencies may be less flawed than the dollar right

do you really want to make that shift I don’t think that that’s what’s going to happen what everybody is missing is that there is an alternative to the dollar that doesn’t involve another fiat currency and that’s gold

that is real money everybody forgets that for thousands of years gold was money it was money because it worked now over the course of time uh we had paper currencies that would rise and fall I mean hundreds of years ago they were paper currencies that are now worthless and you don’t even know their names

you know they come and go but gold has has stayed you know gold works as money and so I think what these central banks are going to do is as they get out of dollars they will just increase their Holdings of gold gold will be the monetary anchor gold will be the reserve monetary asset just the way it was before the dollar it wasn’t the British pound

I mean the British pound was a dominant currency but gold was what everybody owned the British back to pounds do you see any do you see any evidence that some of these alternate currencies are starting to back their currency claims with gold oh yeah you can what’s happening on the central banks are now buying more gold than they’ve bought in in in decades

especially a lot of the uh you know the Emerging Market countries not even maybe so much the United States isn’t buying any gold and maybe you know some of the more mature uh countries but a lot of other countries that had predominantly held dollars and then to a lower degree Euros or Yen or pounds these countries are increasingly buying gold that’s why gold is at a record high

I mean Gold’s around two thousand dollars an ounce but in terms of just about every other currency on the planet gold has been hitting all-time record highs uh and again that’s not really gold going up


,

 

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