we are heading towards a situation where there is a risk not a certainty but there's a risk that it spirals out of control and people are starting to see that so what they're doing is rather than say I'm buying gold for the keep pace with inflation a rather dull boring asset you know Warren Buffett has said it's a pet rock which just sits there and looks at you they're now starting to say what if what if this does go horribly wrong what if the government doesn't cut spending what if the


government doesn't raise taxes what if the situation just gets worse and worse as seems to be happening. Well, you know, we're we're at 5 minutes. It looks like we're at 5 minutes to midnight. What's what's my plan B? Well, I'll get some gold because I know the gold will be there when we get to the other side. [music] The perception of gold is undergoing a profound transformation. No longer dismissed as a dull inflation hedge or a pet rock, a phrase famously associated


with Warren Buffett, gold is increasingly being viewed as ultimate financial insurance. As government spending accelerates and political appetite for meaningful tax increases or deficit reduction fades, many investors feel the system is approaching a critical inflection point. The sense that the financial clock is ticking closer to midnight is no longer confined to fringe voices. It is becoming a mainstream concern. Investors are moving beyond traditional portfolio diversification strategies. Instead of


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this as a decisive psychological shift among global capital holders. According to this perspective, fiscal mismanagement may not be guaranteed, but its probability is rising enough to warrant preparation. Rather than relying on governments to correct mounting imbalances, sophisticated investors are quietly adopting a plan B mindset, securing physical gold as a verified store of wealth that operates outside the banking system and beyond counterparty risk. This evolving mentality reflects a broader


reassessment of systemic vulnerability. Gold is no longer simply a hedge against inflation. It is increasingly perceived as protection against institutional fragility itself. For those who share this view, holding physical metal is less about speculation and more about ensuring financial sovereignty in an uncertain future. Are you curious about investing in gold and silver, but feel held back by fear or confusion? This ebook is designed especially for new investors who want clarity, not complexity. It breaks down gold and


silver trading strategies in a simple, practical way. No jargon, no hype. Why wait? Hurry up. Please visit this link to get your copy today and use code MRJGZ by YA for a huge discount. More than 1,000 people took the first step with this ebook. And today, they're living proof that smart investing changes lives. Now, this book is also available in Amazon Kindle. Go and hurry up. Precious metals didn't play much of a role in the portfolios because the general view over the last few decades


really has been all you could expect from precious metals is that they'll keep pace with inflation. They'll maintain their buying power over over the long term over centuries. And the general view was you could get a better return in other things like equities or um even government bonds or or deposits at least if you were not paying taxes. that is um so it wasn't much of an asset class uh over the last few decades. I mean when I started in Switzerland we did have that's 40 40 odd years ago um


we did have uh about 5% as a standard exposure to gold in most discretionary portfolios but that number went down down down over the years. So by the time I'd retired um that's about four years ago at 65 years old the exposure to gold in portfolio was across the board very close to zero unless you the bank had had a discussion with a client and said you should put gold in the portfolio as as I actually did so there was probably not one of my clients who hadn't agreed that we should have some gold which now


I think about it as probably served them very well um but it was you know if you look at the official asset allocation of the banks in general when I retired it was mostly zero in gold. In fact, it wasn't even featured. It wasn't there. Um, now banks and uh, financial institutions are starting to add gold as an asset allocation and we're seeing it coming back a bit. Uh, but it doesn't mean to say that most portfolios have gold in them. Uh, I don't know what percentage of global portfolios have


asset have gold in them. But perhaps the ones which are allowed to have gold because don't forget many portfolios couldn't. Perhaps the ones which are permitted to have gold have an average of maybe 1%. It's just that's just a guess. I don't have a hard statistic on that. Um but many portfolios can't own gold. For example, if you have an equing a particular equity index, it can't own gold. Um if you have a uh a trust or a foundation which has got some bylaws which specify how the money is going to


be invested, it can't have gold. Um so there's many uh many types of uh if you have a Luxembourg insurance policy for example, it's not allowed to have gold by law. So there's many types of um portfolios which can't have gold but those which could have gold I still think the figure is pretty low with exceptions where some will be at five or 10%. Um but what one of the things which been driving the gold price apart from the uh ongoing central buying bank buying I think has been the change of


attitude amongst the man in the street Joe public people have started to realize that the days of low inflation fiat currencies and I come back to my definition of inflation before not the CPI those days of low inflation are numbered and we might be going into a very high inflation environment because of the levels of government debt The problem with government debt being that it is expanding and continues to expand much faster than the economy is expanding. It's expanding faster than GDP in absolute amount and the interest


burden on that debt is expanding considerably faster than the debt is expanding because not only are they piling interest upon interest in terms of what they have to borrow, but the interest rates they're having to pay are generally much higher than the interest rates that they were paying over the last 10 or 15 years since the global financial crisis. Now don't forget after the global financial crisis interest rates around the world effectively went to zero or pretty close to zero which


mean meant that governments were borrowing at very low interest rates. Uh but as that debt matures uh that low interest rate debt still has to be refreshed but it can't be refreshed at that same interest rate they have to borrow the new money at a much higher rate. So we got the interest burden rising rapidly. We've got the debt rising faster than GDP. Um and so we are heading towards a situation where there is a risk not a certainty but there's a risk that it spirals out of control and


people are starting to see that. So what they're doing is rather than say I'm buying gold for the uh keep pace with inflation rather dull boring asset you know Warren Buffett has said it's a pet rock which just sits there and looks at you they're now starting to say what if what if this does go horribly wrong what if the government doesn't cut spending what if the government doesn't raise taxes what if the situation just gets worse and worse as seems to be happening well you know we're we're at 5 minutes


it looks like we're at 5 minutes to midnight what's what's my plan B well I'll get some gold because I know the gold will be there when we get to the other side of whatever's coming. Don't know what's coming. It could be, you know, could be a bailin, it could be a hyperinflation, it could be uh just high inflation, it could be um is unlikely to be a default. Uh it could be some capital controls, it could be uh an alternative currency being issued. It could be Russian coupons that there's


many potential scenarios where um some rather drastic action might be taken uh to rein in the uh re in let's say a financial crisis for the government. Subscribing to stay informed on the latest developments in the precious metals