Reasons to Own Physical Gold and Silver

July 21, 2023

by David Brady Sprott Money

1. Central Banks are loading up. “Follow the Smart Money.”

2. With Central Bank Digital Currencies, aka CBDCs, on tap, physical Gold and Silver are the only safe harbor for the coming inflation. Government spending and Central Bank printing that is not invested in production, agriculture, or service business, creates nothing of value. Instead, it just adds more currency chasing fewer goods and services – the definition of inflation.

3. Although I doubt the BRICS countries will launch a BRICS currency pegged to Gold at their meeting on August 22nd, they will likely officially state their plan to do so. In other words, it’s coming and it’s only a question of when. The dollar is already struggling, as it is backed by nothing more than the backing of the U.S. government, a country drowning in trillions upon trillions of debt. A gold-pegged currency backed by a massive bloc of countries like BRICS could be a death blow to the global reserve currency – just not yet.