In this report, I cover the early market action from London on Friday, September 6th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
With the relatively sharp correction down we saw in precious metals yesterday I will today talk about whether I would ever consider saving my hard-earned money in fiat currency or paper money. I will go through what really goes on when you put your money with a bank and what it really means.
Even though I might deal with the banks again if interest rates are much higher and it's advantageous for me to hold fiat currency I probably would not because holding paper money is a way of financing the bankers and big government and we all know how little we can trust these institutions.
So my conclusion is that even though holding gold and silver can sometimes feel daunting because of the fiat price moves I still have not found a better alternative or at least one that has a track record of maintaining your savings' purchasing power for thousands of years.
Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/
Use promo code MarioGlint79 to save and spend physical gold: Glint app https://glintpay.com/
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