Billionaire George Soros has taken his warning of impending European Union (EU) economic collapse to Germany. Wise investors are preparing now by purchasing well-recognized, government-minted United States gold bullion coins. The clock may be ticking on the EU.
“German Iron Wall of Security”
When Greece needs more money, they call Berlin. The primary beneficiary of the euro creation has been Germany, because it makes its exports more affordable. Thus, George Soros’ comments about impending dangers to Germany must have been somewhat disconcerting.
Heretofore, Soros had spoken from afar at Davos, Switzerland. During an interview with German magazine Wirtschafts Woche, Gregor Peter Schmitz and George Soros explored the numerous crises facing Germany and the EU in 2016. Greece, Ukraine and even England (which was holding a vote on whether to remain in the EU) were all serious problems.
Unfortunately, troubles seem to be multiplying like rabbits and Soros doubts the EU can survive. Germans are already fed up with the continual requests for capital from Greece.
“When Danger Looms, Buy Gold”
George Soros is one of the most popular speakers on lecture tours because he delivers the cold, blunt truth. At Davos, Soros warned that the beginning of 2016 resembled the scary days of 2008. So what are investors doing to prepare for worsening economic conditions?
While stock exchanges fell at the beginning of 2016, gold prices increased. Central banks are preparing for the worst. “Since 2010, central banks have been net buyers of gold, and their demand has expanded rapidly, growing from less than two per cent of total world demand in 2010 to 14 per cent in 2014.”
“Gold Coins Weather Turmoil”
During the US Money Reserve Podcast, US Money Reserve President Philip Diehl discussed how gold coins could be used to protect your wealth. The United States Dollar is a paper bill that can lose its value dramatically, just like during Wiemar Republic hyperinflation. With government-issued gold bullion coins, you have something of intrinsic value.
US Money Reserve President Philip Diehl stated that the weight and purity of each American government-issued coin is guaranteed. Gold is nearly indestructible. In a pinch, you can sell the gold to a jeweler.
Geopolitical problems don’t magically solve themselves. Soros and Diehl have warned of dangerous economic troubles looming on the horizon. Wise investors are purchasing gold bullion coins to protect their wealth from any disaster – man-made or natural.