The Real World of Money
Fred Dashevsky is from Long Island New York. He attended University of New York at Albany and studied psychology, political science, and economics. Fred started in the coin business in 1984 in Northern New Jersey opening several offices in Southern California in the mid 80s. He returned to the east coast in 1989 and opened Hilton head office for SDL Inc. in 1991 with partner Andrew Gause. He has since opened his own business, U.S. Coin Capitol. Give him a call for your numismatic gold investments 800.878.2646
Covid as a bigger picture to begin using digital currency?
Issues with digital currency
The issues with crypto currency is going to come down to if it become federally regulated
The ‘08 and ‘09 crises were liquidity crises
The fed has instituted emergency policies to try to prevent a liquidity crisis that we have never seen before
The fed has taken the same premise as martial law; they have instituted policies that may be questionable, but they believe are necessary
There has been a traditional equilibrium of the price of gold and the federal reserve balance sheet
The longer term tends to pay a higher yield
Anytime more money is chasing few goods, you have inflation
By 2030, were going to be at 30.9 trillion dollars in debt
What happens if we get to a point where the national debt become more than the GDP?
Most bullion transactions don’t actually occur in the physical/ numismatic world
Why numismatic coins are the better choice than bullion
We’ve spent more in three months with Covid than we did after the crisis of ’08
Is it fair to conjecture President Trump is okay with what the fed is doing?
By printing our way out of a crisis, we are making the economy dependent on these low interest rates and new money
The trend for gold is clearly moving higher
It’s better for the economy for gold to move up slowly and surely
The increase in demand for gold
Is there any reason to believe that the fed would step up and buy pension funds, student loans, etc.
If you’re not allowing a free market to unwind when it should, you can create major issues
When we can create unbacked money, we are creating a false market
If the dollar index is higher, most likely the price of gold will be down and vice versa
Fred Dashevsky on why gold HAS to go up in the years to come on this month’s Real World of Money, July 1, 2020