The Fed has become very aggressive lately in its words about inflation, interest rates and their Balance sheet. However this has not, at least yet, been backed up by aggressive action. despite the highest inflation in 40 years, interest rates have only moved up by one quarter-percent hike. So why is there so much talk and so little walk?

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You probably didn't need another reason to stay away from gold-backed ETFs. But just in case, here is another reason: taxes. Instead of getting taxed at the regular long-term capital gains max tax of 20%, gold backed ETF's get taxed as a collectible at 28%. There are many better alternatives to exposure to the price of gold in your investing accounts than using these funds.

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Individuals are not allowed to print money, by law. It is called "counterfeiting". However, banks and the central bank have a monopoly on this capability, creating money and "printing" it into existence at will. Why are they allowed to do this and the rest of the population is not? And what are the results of expanding the money supply?

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The central bank in Russia just announced they will buy gold at a specified rate from its banks for the next three months. While this rate is under the current price of gold, it effectively pegs the ruble to gold and sets a floor underneath the gold price. The real fun starts if Russia decides to price oil in rubles or gold after this move. They could effectively force the world onto a new gold exchange standard.

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In a recent move, Russia announced they are open to accepting all forms of payment outside of dollars for oil and gas. Not only are they open to taking the buying country's fiat currency, they are also open to taking gold and bitcoin. This looks to be yet another step along the path of global de-dollarization.

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The US Selective Service Twitter account recently tweeted information about how "conscientious objectors" could apply to get out of military service in the case of a military draft, and be involved in other service instead. This is a sign of how far this country has drifted from the founding fathers' intent, and a sign of moral degradation of this nations ideals and leaders.

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In an insane, hypocritical proposal, California governor Gavin Newsom would subsidize gas purchases by handing out cash to Californians so that they can afford to buy the gas that the government’s incompetence made expensive in the first place. After years of pushing the prices up and demonizing fossil fuel production, they are now going to literally hand out money to people to buy more.

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An unbelievable bill has just been proposed in congress. The US apparently is considering the usage of Bitcoin in El Salvador a threat to the value of the dollar and the US financial system. While this is obvious that it isn't actually true, what is not so obvious is the true intention behind the bill. It seems like a trojan horse, or a bill simply to set precedence for something larger down the road.

Bill link: https://www.foreign.senate.gov/imo/media/doc/MCC22059.pdf

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Historically, when the United States has gotten itself into an inflationary mess it takes a long time to get out. This has an impact on the real returns of assets like stocks and gold. In this episode, Patrick Yip from Apmex and OneGold joins to talk about historical cycles of inflation and how to best store your gold.

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There is a bill being proposed in congress that seeks to block the purchasing power of gold coming out of Russia. However, this bill has such a broad overreach that it could turn any ordinary US citizen into a fellow by doing business with any foreign entity who has touched gold from Russia. The powers and penalties granted if this bill passes are terrifying.

Link to bill: https://www.congress.gov/117/bills/s3771/BILLS-117s3771is.pdf

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