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
It’s coming up on two years since Andy Gause left.
Fred Dashevsky and Patrick discuss the current “Rainy Night in Georgia.”
How will this affect U.S. politics?
“Vote for me and I’ll give you money” is what today’s politicians are saying.
The U.S. government spends more money than it takes in — $2 trillion over budget every year.
Fred elaborates on the government “spending money it doesn’t have” and the Fed “creating money out of thin air.”
Fred discusses the overly expanded real estate market.
In times like these, gold or silver is an important part of an investor’s portfolio.
What about the $27.7 trillion debt clock? Is it a lot more?
What exactly does the government count and what doesn’t it count?
Is the total debt really closer to $70 trillion?
We know the government is cooking the books — covered in Andy’s book, Uncle Sam Cooks The Books — but what are today’s numbers? What are the specifics?
You can’t run deficits without raising taxes.
Fred talks about Ross Perot and the “giant sucking sound.”
Is the government’s only choice “printing itself out of the problem”?
How does this affect the “mirror image” of gold and silver prices?
Are all the world’s central banks in a race to drop the value of their currencies? How does this affect the U.S. dollar?
What happens when the Fed lowers its interest rates to almost zero, and they can’t lower the rates any further?
Gold and silver are excellent hedges against the dollar.
Fred believes the stock market is seriously overvalued.
The traditional investment advice of 60% in stocks and 40% in bonds is outdated, warns Fred. “It’s dangerous advice.”
Fred explains what happened to the world currencies at the end of World War II.
Why would returning to the gold standard be disruptive to today’s economy?
What lessons are we going to learn in 2021?
What about the stock market in 2021?
What about gold and silver in 2021?
Will there be trillions and trillions and trillions of dollars in debt in the next few years? Is this a continuing trend?
“Please, folks, diversify your wealth,” advises Fred. “Diversification, that’s the key.”
He details the gold and silver coins he has in stock.
Fred Dashevsky and this months’ The Real World of Money, January 6, 2021