U.S. National Debt Approaches $20 Trillion – Inflation – Now Is the Time To Buy Gold

JH: My name Jack Hanney, Senior Partner with Patriot Gold Group. Earlier this week, the Wall Street Journal, reported that the U.S. national debt is approaching twenty trillion dollars. If you round up all the dollars, euro, yen, pound, yuan and any other global physical currency, note or coin in existence it only amounts to five trillion dollars, and our debt is approaching twenty trillion dollars. Just yesterday, it was reported in Venezuela, a once prosperous oil rich nation, a dozen eggs cost $150. Inflation is forecasted at 720%, conservatively, but most economists are forecasting inflation in this once prosperous oil rich nation at 1200%. It goes on to say this might be a harbinger of other nations such as the United States.

As we are perilously close to a collapse in the Stock Market, the Fed Open Market committee meeting on the 20th and 21, Christine Lagarde and the IMF on the 23rd, and the yuan entering the basket of reserve currency as of October 1st,. We are approaching, historically speaking the very best performing quarters for the metals. The fourth quarter thirteen out of the last fifteen have been the very best performing quarters for the metals. As a matter of fact over the last fifteen years, a trader buying gold on or around September 15th, would have been profitable roughly 80% of the time.