Fred Dashevsky
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
Regardless of who wins the presidency, next year the economy will be faced with unprecedented challenges.
A Biden administration will likely mean more and longer lock downs as a drain on GDP.
The city municipalities are nearing default in many cases and the FED will step up and bail them out
The near zero interest rate climate we are in gives the FED zero tools to deal with low GDP
Real Estate prices are booming every where, so even at 3% fixed mortgage rate, the trap is to pay too much for a home.
If The Republican’s hold the Senate it would be near impossible for a Biden administration to reverse the Trump tax cuts.
With all the legal wrangling that will be going on for the next 30 to 60 days equity markets will be volatile
A listener asked if the FED bails out a city will there be strings attached to these loans or straight bailouts?
Many years ago, rather than just dumping new money into the economy as being done today, projects like the Tennessee Valley Authority,
The Hoover Dam and The massive Interstate Highway project with President Eisenhower in the 50’s.
Fred is offering a special at his company U.S. Coin Capitol for as long as supply lasts. In 1908 there was one year when
“In God We Trust.” on the coins and he has some of these “No motto” coins, twenty dollar gold pieces.
Fred Dashevsky and The Real World of Money, post election show, November 4, 2020
'Fred Dashevsky – Regardless of Who’s President, We’re Facing a Very Uncertain Economic Future – November 4, 2020' have 2 comments
November 10, 2020 @ 2:50 am Richie
I used to be a gold bug until recently. I still want to believe in the gold story, but the reality is that pretty much every other asset class has been a much better investment over the last 5 and 10 years, despite all the currency printing. Even bitcoin is performing better than gold. The opportunity cost in holding gold instead of stocks, bonds and bitcoin is very high. I finally gave up with gold and sold everything last month. My conclusion is gold may help preserve some buying power, and be good in an doomsday scenario, but stocks, bonds and bitcoin are superior investment vehicles in the face of asset inflation. I still love listening to Fred, however. I wish all the gold bugs well.
November 10, 2020 @ 4:08 pm Fred
Richie-
Gold is very different in terms of viewing it as an investment. While up over 30% in the past year we have always recommended Gold Coins as a way to protect one’s wealth and diversify a portfolio to include at least some physical asset held by the investor. While many other investments are available some of which may go up faster or slower from time to time, Gold coins have faired quite well even without doomsday. No market fits everyone’s specific needs, but don’t confuse holding things like crypto currency or bonds as a equivalent to the ownership of physical gold or silver coins for long term wealth protection.