Embarking on the final quarter of 2024, we confront a grim economic scene characterized by volatility and uncertainty. The once indomitable U.S. economy now grapples with a debt behemoth, its service tiptoeing on exorbitant borrowing that spells trouble for the financial future. My three decades of studying metals markets echo a sentiment I’ve harbored: the pressing need for silver and gold as wealth preservatives is at its most critical. This and more from the Silver Savior, exclusively producing content for MPN. 

The signs of distress bubble from beneath the tranquil surface of optimistic employment reports. Our current reality is shadowed by a surging U.S. debt market, where servicing the government’s obligations necessitates borrowing at a rate that the word ‘exponential’ scarcely captures. As an illustration, the latest U.S. 10-Year Bond Yield teeters at 4.141%, painting a picture of investor nervousness about locking funds into long-term government debt amid these troubled waters.

Now, upon assessing the health of our economy, we observe commodities, a market often reflective of both fear and foresight. Gold presently trades at a hefty $2736.25 per ounce, a price indicative of its enduring allure as a financial safe haven. Silver, its more affordable compatriot, stands at $34.1435 per ounce. Bear in mind, the gold to silver ratio (g/s) now pegs at 80.14, evidencing silver’s relative gain, eroding the discount it traditionally enjoyed vis-à-vis gold.

This ratio is a critical metric, as it guides investors to purchase opportunities (buy silver when high, gold when low) and gives us a window into market sentiment towards monetary metals. A lower g/s ratio suggests investors may recognize silver’s role industrially and as an economic hedge.

The commodities spectrum does not end here; palladium and platinum are currently priced at $1068.853 and $1017.99, respectively. Both convey skepticism in the markets, serving as alternative assets for diversifying their portfolios beyond the traditional gold and silver.

With Bitcoin at an impressive $67854, it seems many are turning to cryptocurrencies to sidestep traditional financial avenues entirely. Compare this to U.S. Crude Oil at $70.05, which appears stable, albeit cautiously so, given geopolitical uncertainty. Meanwhile, copper is at $4.416, lending itself to the narrative that infrastructural growth and inflationary pressures continue unabated.

And there’s propane, ubiquitously used and yet hardly noticed, at a modest $0.57. This workhorse of the hydrocarbon family whispers volumes about the state of our energy sector and, by extension, the economy at large.

Turning our eyes to the monetary policy landscape, we witness the Federal Reserve’s Money Supply indicator creeping back toward its all-time high, while the money velocity continues to remain in slow growth mode. Both of these indicators signal that hyperinflation is on the horizon.

I write this not as a doomsday haranguer but as one urging prudence in the face of increasing economic unrest. It has become abundantly clear that the U.S. and Western economies are no paragons of the free market. Instead, they’re marred by market manipulation that has contaminated genuine outcomes, leading to inefficiencies and unsustainable economic models.

If the goal is to clear this maze and emerge unscathed, our reprieve lies in asset-backed currencies—we must pivot back to the tangible value of bullion. Gold, silver, and other precious metals offer a bastion against the tempest of fiscal collapse, a shield against the onslaught of paper currency devaluation.

I advise those who heed the warning signs to acquire physical gold and silver, including pre-1964 ‘junk’ coins known for their silver content. In the face of a dollar purchasing power decline, these assets establish a bulwark of stability.

Unfolding political trends reinforces the acuity of this survivalist approach. Nations are sharpening their financial arsenals, with the BRICS grouping progressively hoarding gold reserves, indicating a bleak prognosis for the dollar’s hegemony.

Yet, your strategy must be nimble as premiums for precious metals fluctuate. Seek out times when lower premiums hint at favorable buying opportunities, and diversify and balance your holdings carefully.

To safeguard the fruits of your labor against impending economic downturn, consider these measures as non-negotiable.

Our financial fabric unravels daily. The U.S. Debt markets stand on the brink, threatening to cast us into a liquidity abyss from which recovery could be generational. In this crucible, gold and silver represent more than mere assets; they are lifelines ensuring that your wealth and well-being outlast the dollar’s demise.

Note: I also advise people to prepare for this calamity in many ways—secure food and water for all family members for at least 30 days—but more is even better. I recommend acquiring productive assets such as farmland, farm equipment, tools, and manufacturing operations that can provide short-supply items—especially those now made in China. We are about to experience something that Americans alive today have never experienced – the time to prepare is now.

Be not deceived – be prepared ~ Silver Savior

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• Note: We are not giving advice; we only give our opinion; we are not financial advisors. This article only represents our thoughts about the economy.