The Media Hides Behind Trump

Anything to distract from Biden’s weakness [The Daily FWD] June 23, 2023 [UNSUBSCRIBE]( The Media Hides Behind Trump Good Morning Reader, Happy Friday! Every week, our experts all get together to exchange ideas. We also try to take some time on Fridays to answer some of your pressing questions. So let’s dive in… As a follow up to a question from last week where Jim Rickards recommended keeping 10% in precious metals, our reader Loretta asked, "since the dollar value is deteriorating, and all fiat currencies will be deteriorating, why don’t you recommend a much higher allocation of investible money to precious metals, like 50 percent or even 80 percent?" Great question! For the record, Jim usually recommends 10% in gold or silver, 30% cash, 20% Treasury notes, 20% private equity, 20% stocks. This isn’t an exact science, especially with the dollar deteriorating. But even so, it’s still in your best interests teep a portion of your wealth outside of the banking system in the form of paper cash — what we might call keeping some ‘mattress cash’. As for why he only recommends 10% in gold, here’s what Jim had to say: [Jim Rickards] JIM RICKARDS “At a 10% allocation, gold could go to $500 and your portfolio would still live to fight another day. A bit of humility goes a long way when it comes to investing your life’s savings. The second reason is that gold price action is asymmetric in my view. The price can go up or down, but the upside potential is much greater than the downside risk. If that’s correct, a 10% allocation will serve you well in the high-return scenario, but you won’t be hurt too badly in the low-return scenario. For example, let’s say you have a 10% portfolio allocation to gold and the price goes up 200% from $1,665 per ounce to $5,000 per ounce. A 200% gain on a 10% allocation adds 20% to your portfolio. Conversely, if gold drops 20% to $1,330 per ounce, your portfolio loss is only 2%. If gold does have more upside than downside, as I predict it will, then a 10% allocation will produce large gains but protect you against large losses. The third reason is that nothing happens in isolation. Could gold drop to $1,000 per ounce? That’s not my forecast, but the answer is yes. When everything is down, gold outperforms. That’s part of gold’s job as a store of value. As a rule of thumb… overconcentration in one asset class is never a good idea regardless of the asset. Make sure you’re keeping your portfolio diversified. It’s your best protection from whatever the market has in store.” Thanks for the question Loretta! Many of you also had questions about BRICS and the dollar. Keep in mind, de-dollarization that we’ve been talking about is not the same as a weaker dollar. In fact, the dollar has been strong lately and I expect it to get stronger in the months ahead. Is there some way to tell if the dollar is actually getting stronger or weaker without making reference to reserve currencies or EM currencies? Yes. The answer is gold. Think of gold as a ruler that measures dollar strength or weakness. Gold is not a currency, and the comparison is made by the weight of gold, not currency-to-currency. When the dollar price of gold is lower, the dollar is stronger, and vice versa. But the new BRICS+ currency may throw a monkey wrench into this market by linking itself to gold. In that case, Russia and China will have a strong interest in higher gold prices because that means their BRICS+ currency will be worth more. The BRICS+ gold-backed currency is actually the reflection of a greater trend that’s been going on… Overall, the first quarter of 2023 was the strongest quarter on record for central bank gold purchases with central banks buying a combined total of 228 tonnes. One can speculate about whether this gold buying is an aspect of de-dollarization, preparation for the new BRICS+ gold-backed currency or simple prudence in an uncertain world. But the trend is undeniable. Central banks generally know more about what is going on behind the scenes in the global monetary system than anyone. If they’re hoarding gold, maybe you should too. The simple solution to this coming currency crisis is to get your hands on gold. That will preserve wealth and protect you from inflation. You can always sell the gold if you need cash; it’s just that you’ll get more cash than what you used to buy it. That’s what the BRICS are doing and you can too. Time to hop on the BRICS bandwagon – with gold. We recommend you buy your physical gold and silver at Hard Assets Alliance for an easy and straightforward online experience. Although we have a business relationship with HAA, we wouldn’t be partnering with them if we didn’t believe they were a reputable company that will safely take care of all your gold and silver purchases, including storage options if you so desire. [Click here]( for all the details on how to get started. Buying physical gold isn’t your only option, either. We created a completely free gold-buying guide that has everything you need to know about the case for gold… including how much physical gold should be in your portfolio, as well as gold stocks that will help you diversify your portfolio while still benefiting from the rising gold market. This guide is a benefit of your subscription to the Daily FWD, no strings attached. [Click here]( to access. Now that we’ve covered that, let’s get into some of what our editors have been looking at this week… [Click here to learn more]( Byron King: BRICS Expansion Plan And Launching Of BRICS Currency To Decrease Influence Of US Dollar It's not all wine and roses for the U.S. economy, overseas business, resource security or even the dollar to be sure, BRICS-unit looms. And the Deep State media will do everything possible to hide what is happening. The Biden Regime will do whatever it takes to avoid charges that it "lost a war" in Ukraine, despite the 300,000 casualties (not that the war is over, either). With all this going on, expect the media narrative to revert to Trump-Trump-Trump. Divert, obfuscate, dissemble, show the flashy mirrors. [⇒ Read More Here]( [read more...]( Recommended Reads: [Insider Reveals A Breakthrough New Way To Profit From AI]( Do not… I repeat… [Do NOT buy any AI stocks until you watch this short video in full.]( You’re about to discover a breakthrough new way to profit from the rise of AI that has never been revealed before. the types of companies we target with this strategy have shown top-performing gains like 1,167% in 11 days, 1,779% in 13 days and even 2,900% in just 3 days. Starting with $5,000, that’d be enough to walk away with profits like $63,350, $93,950 and $150,000 – all in a matter of days. But you must hurry… (As this is time sensitive). [Click here now for details on this new AI strategy.]( [⇒ See More Here]( [read more...]( Jim Rickards: Biden Tries to Convince War Skeptics From BRICS To Turn Against Russia The U.S. dollar is becoming increasingly volatile. This has made it difficult for countries to plan their economies and has also made it more difficult for businesses to make international transactions. The Russia-Ukraine war has also highlighted the need for a new global currency. The U.S. and its allies have imposed sanctions on Russia, which has made it difficult for Russia to trade with other countries. This has had a negative impact on the global economy, and it has also shown the vulnerability of the U.S. dollar-based system… [⇒ Read More Here]( [read more...]( Sean Ring: Is This How Chinese EV Makers Are Fooling the World? Chinese carmakers have surprised the world with their bulging sales numbers… especially in the electric car segment. Over the last few years, Chinese automakers have posted crazy sales numbers and have started dominating the global electric car market. However, information has surfaced that could possibly reveal a secret behind the Chinese car manufacturer’s bulging sales numbers. [⇒ Read More Here]( That’s all for today. We’ll be back on Monday with more of our top articles. Enjoy your weekend! Looking forward to your financial future, [The Daily FWD] The Daily FWD [feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) Recommended Reads: [Warning: Will “Bidenflation” Destroy Your Retirement?]( [Click here to learn more]( If you’re like most Americans, you’ve worked hard for decades to build your financial legacy. And now, as a result of Biden’s disastrous money printing policies, that’s all at risk. According to one top retirement expert, “Bidenflation” threatens to destroy your retirement and make your hard-earned savings worthless. That’s why you must take action right away to protect yourself… [⇒ Click here now to get the simple, step-by-step actions to survive “Bidenflation.”]( [Paradigm]( ☰ ⊗ [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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