In this video I explain why gold and silver are the perfect hedge against inflation. I also explain what eventually happens to ALL Fiat money.
In early 2013 Germany announced a plan to repatriate their physical gold. The plan was to take physical possession of half of their gold and to accomplish this by 2020. They recently announced that they had met their goal a full three years early.
Other countries have also taken similar actions. Australia announced a similar plan in 2015. Netherlands and Belgium have also announced repatriation programs.
These countries understand fully how the monetary system can’t continue indefinitely, and as a result, they want to have their physical gold in their possession in preparation for a financial meltdown.
In August 2017, treasury secretary Steven Mnuchin went to Fort Knox to check on the gold.
The last time anyone saw the gold other than Fort Knox employees was in 1974 when a group from Congress paid a visit to Fort Knox. The last audit was a 1953.
He reported in a tweet after visiting the vault “Glad gold is safe” .
This lays to rest the wide spread speculation that there was no gold there because the US government had spent it.
In June 2015, The state of Texas created “The Texas bullion depository”.
The bullion depository was designed to provide a secure place for individuals, businesses, cities, government agencies, and even other countries to store gold, silver and other precious metals.
What this did was create another way to use gold and silver in every day business transactions by providing the mechanism to deposit golden silver and pay other people by checks or EFT, backed by the bullion.
In doing so, Texas took the first step and shifting itself away from the FED and the federal government.
In June 2017 state officials announced that they had taken another big step and had chosen a private vendor, Lone Star Tangible Assets, to run the facility. The facility in scheduled to open in January, 2018.