October 31, 2024
This Won't Change on Nov. 6
Dear Subscriber,
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| By Nilus Mattive |
Donald Trump and Kamala Harris have distinctly different ideas on how to run the United States.
But I can almost guarantee you that no matter which of them prevails on Nov. 5, our national debt will continue rising.
After all, it rose every single year under Donald Trump …
It has continued to rise every single year under the Biden-Harris Administration …
And indeed, other than a brief period of moderation between 1998 and 2001, it has risen every single year for as long as I’ve been alive …
Most people have continually shrugged off the problem along the way.
But the situation is growing VERY severe. And financial markets are starting to wake up to the reality that future inflation will likely be the government’s easiest way to alleviate some of this massive debt burden.
This is why there are actually some tremors in the Treasury market itself right now.
However, I think the bigger tell is the recent action in gold, which is the oldest and most established antidote to rampant money-printing, inflation and reckless government spending.
Not a lot of pundits are talking about it, but gold has been having an absolutely stellar year — rising a staggering 31% versus a 22% increase in the S&P 500.
That’s nearly 50% better performance from the yellow metal in a year that stocks are performing twice as good as usual!
Again, this is because more and more investors are waking up to the fact that cash is rapidly becoming trash.
And as I said a moment ago, I don’t expect that to change no matter who wins on Nov. 5.
The reality is that our national debt has become a giant snowball rolling down a hill … growing larger with every new annual deficit compounded by larger and larger amounts of interest.
Can Washington keep things somewhat manageable with enough economic growth … lower interest rates … higher taxes … a return to fiscal sanity … or some combination thereof?
Yes.
However, that’s the BEST-CASE scenario — a continued erosion of the dollar’s purchasing power over time rather than a complete U.S. government debt collapse!
As I pointed out in a previous article, the dollar has already lost roughly 80% of its worth just during the 47 years I’ve been walking the earth.
It’s very likely it will lose the same amount or more in the coming decades at a bare minimum.
Therefore, it makes sense to own some gold and gold-related investments no matter who ends up in the White House.
Not only can gold continue to rise along with America’s debts, but it also provides a terrific hedge against other risks, too.
So, if you don’t have exposure to gold, the SPDR Gold Shares ETF (GLD) is a great way to do it.
It’s been a long-term investment in Safe Money Report since 2019 and has doubled in value over that time.
I like other forms and related investments as well — everything from physical gold to certain mining companies.
Of course, that begs another question …
What about a cryptocurrency like Bitcoin, which many people recommend as gold’s modern-day replacement?
My response is that anyone who says it’s one or the other is creating a false dilemma.
It makes far more sense to own BOTH.
And as with gold, there are different ways to get exposure to movements in Bitcoin.
You can hold the crypto itself directly, preferably in a cold storage wallet. That’s a lot like having some physical gold at your house because you get maximum privacy, portability and security.
However, you can also now buy something like a Bitcoin ETF, which is very much like owning the aforementioned GLD fund for gold.
This is what I have recommended to my Safe Money Report readers, and they have already had the chance to book gains as high as 197% in less than six months!
Worried that you’ve missed the boat on crypto?
Don’t be.
In fact, my friend and colleague Juan Villaverde says a “Golden Window of Opportunity” will open on Nov. 5 for a very short time.
According to Juan, this rare event only happens once every 1,460 days and is the sweet spot of a crypto bull market.
His timing model has been 100% accurate at calling out the last three “Golden Windows” like this, where investors can be positioned for a chance at some big moves.
And he’s just revealed the details here.
No matter what, the important part is making sure you get adequate diversification into your portfolio — which means not just owning things like stocks and bonds, but also multiple hedges against things like future dollar devaluation.
In fact, given the state of the world today — particularly soaring government debts, geopolitical conflicts and a million other uncertainties — the biggest risk might be NOT having stakes in gold, Bitcoin and other alternative investments.
That’s true no matter what happens on Election Day.
Best wishes,
Nilus Mattive
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