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Gold $1295 16.2
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Must Read

Trump Likes the Gold Standard

We all know Donald Trump loves gold. Trump Tower is awash in the stuff. Furthermore, President-elect Trump reports owning up to $200,000 in gold. So it shouldn’t come as a complete surprise that Trump might favor returning to the gold standard. Here’s what he said earlier this year:

“Bringing back the gold standard would be very hard to do, but, boy, would it be wonderful. We'd have a standard on which to base our money.”

You gotta love this guy! He knows what he’s talking about.

Many folks don’t realize U.S. currency used to be backed by physical gold. But the value of the U.S. dollar hasn’t been tied to the price of gold since the Great Depression. Now the idea seems to be alive again, at least in the next president’s mind. And he’s not alone. Ted Cruz, the Texas Senator who ran in this year’s presidential primary, has expressed support for the idea. Influential Kentucky Senator Rand Paul thinks the idea deserves study.

The nice thing about the gold standard is that it limits the amount of paper currency that can be printed. This helps keep inflation under control. As you know, when the government prints too much money, that money tends to lose its value, making the cost of goods and services more expensive. That’s bad for everyone.

The problem is mainstream economists don’t like the idea, or they don’t take inflation seriously. But aren’t these the guys who have brought us decades of economic trouble and anemic growth? Don’t they live in the swamp that Trump wants to drain?

Clearly, it’s time for new thinking. That’s why the American people in their wisdom elected Donald Trump to be president. And if he thinks the gold standard deserves a fresh look, then we stand with him.

Now is the time to get on your own gold standard. That is, apportion a part of your wealth to physical gold and other precious metals. To our way of thinking, the best way to do this is with an Augusta™ Gold IRA from Augusta Precious Metals. When you sock away physical gold in your Augusta Gold IRA, you know you own an asset that can’t be devalued and has withstood the test of time for millennia. Plus, you get a tax deduction for your contributions to a gold IRA from Augusta Precious Metals, and you don’t have to pay taxes until you withdraw from the IRA. When you work with Augusta, you get the industry’s best prices, the benefit of more than 40 years of experience in gold and silver, and proven quality customer service (check out TrustLink.org for reviews).

Contact us today and get on your own personal gold standard!

Source: http://www.npr.org/2016/06/16/482279689/trump-favors-returning-to-the-gold-standard-few-economists-agree

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Michael Dallo, CPA, JD, LL.M. is a tax attorney and certified public accountant (CPA) of Dallo Law Group, a Professional Corporation. For over 10 years, Michael has zealously represented hundreds of clients in resolving tax disputes with the Internal Revenue Service and California taxing agencies, as well as developing sound tax positions and arguments to minimize their federal and state tax liability.

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