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
Fred is busier than ever in his 40 years of numismatic business.
Supply chain quirks – NGC grading company can’t get the boxes that Fred ships coins in.
Feds getting stringent about bullion because of the money laundering going on. Regulatory issues for dealers. Even going after tellers.
Fred deals in only numismatics because regulators aren’t involved and supply of gold and silver coins is fixed.
Price disparity between paper money and coins is growing.
We’re creating more money than is being accounted for. Finagling by the Treasury.
Fed claims to be shocked by the rate of inflation, but it’s only an aftereffect of all their money printing.
Quantitative easing helped the big corporations. Stock market growth based on buying back own stock, not on growth.
Mortgage rates crossed 5% yesterday. The government also has to pay the rising interest rates.
The Fed waited too long to increase rates. Need to raise rates 5-6 times, but this will induce stagflation.
Making cost of borrowing more expensive will slow the economy down.
Does the current administration care about the inflation? They are complicit to a degree, but most blame lies on prior administrations.
We can’t grow our way out of the debt we created.
Investors need something that goes up in value to counter inflation. That’s why numismatics are a store of long-term wealth.
Where is your wealth stored?
Inflation now affecting individuals on a day-to-day basis. What will it look like in the future?
If someone sells Fred bullion, he is required to file a 1099.
Fred predicts reportable transactions in crypto.
The Fed gets a piece of all transactions these days.
Russia removed the VAT from purchases of gold with rubles. Aligns them better with supporting countries.
Don’t speculate on short-term measures that might change dramatically in the next few weeks.
Dollar will always be around. Will be worth less but not worthless. Dollar Inc. is well established. Anyone poking the bear will bear the brunt.
Does Putin know what he is doing?
Saudi Arabia increased the price of oil.
What does Fred think about the CBDC (central bank digital currency)?
2 effects of CBDC: 1) We lose all transparency on all the money in our economy. 2) Individual transactions will lose all their privacy.
History suggests abuse by the government having that much info about us. The selling point is convenience.
Imagine what we would have thought 20 years ago of providing all the kinds of information we voluntary provide on social media.
What is the demonization of Putin and the oligarchs all about? Ukraine was a thorn in his side. Did he think the west would stand up to him?
Does Putin want to take over Ukraine to have more power or to eliminate threat of NATO in Ukraine?
What does Fred think of gold back?
What is the real inflation rate? Gov says 7.9%, ShadowStats.com says 15%.
No such thing as government-funded, it’s all taxpayer funded.
Moratorium on student loans. It just means more money printing. If giving cuts, who do we give the benefit to?
How long will the inflationary period last? Fed wants aggressive monetary tightening as early as May. Counters trying to the reduce the balance sheet. They can’t do both. Fed has a horrible history of trying. 2 years minimum for inflation rate to begin to subside.
How about housing?