To be quite honest, it means only one thing…another nail in the coffin for the US dollar. It may not be today, and it may not be tomorrow (well, actually it could with us being only one snowflake away from an economic collapse – a metaphor used by Jim Rickards)…but it is likely going to happen in the next 6 months to 8 years.
“Well that’s a long time Tim.”
Really? You think so?
What you have to do is dig deeper.
This means that as I write this post, the dollar is eroding away in your wallet. It’s purchasing power is literally decreasing every day.
The only true money left is precious metals, specifically gold and silver, and if you want to know what I’m talking about, check out Mike Maloney’s video that will give you a great starting point in your education about this stuff.
But back to Iran…
Yes, today, in a CNN article, Turkey admitted that they are trading gold with Iran in exchange for oil and other energy commodities.
According to Turkish government statistics, Iran has imported billions of dollars worth of gold from Turkey since it was ejected from the SWIFT international electronic banking system in March. Read more here.
This is a statement that proves Maloney’s theories absolutely correct.
Yes, US sanctions on countries such as Iran may do some harm initially, but they are able to circumvent the dollar if they have to. Iran is showing that this is possible. And they aren’t the only country doing it….India, China, and Brazil are some of the bigger nations making pacts with each other to trade in currencies outside of US dollars, further distancing themselves from ties to the US and its currency.
As more and more issues occur with the US dollar in the coming weeks and years, it will start to implode. You will see the gold and silver exchange in general start to become a daily occurrence. As in, you may even be buying groceries with a single American Eagle silver dollar. US dollars won’t be used anymore, or better stated, they won’t be accepted anywhere.
So what are you doing right now to improve your financial situation and prepare for this very likely implosion of the world’s biggest currencies?
Well, I can’t and won’t tell you what to do.
I can only tell you what I’m doing, and that is first having my businesses generate additional cashflow for me.
With this cashflow, I am paying down debt and acquiring some physical precious metals at the same time. Since I have been doing this, gold has increased approx $200 per ounce in price.
And with high inflation about to be coming as the dollar continues to fall, this trend will only continue.
(A note of caution real fast! IF you decide to invest in precious metals AND if you are going to take actual delivery of your gold and silver, I highly suggest investing in a big ole’ safe and/or a few weapons. Or better yet, do what I do and don’t even keep it at your home. Just keep it in 3rd party storage.)
So the only thing that I urge you to do is educate yourself about this topic. If you don’t, “you will get slaughtered” in the words of Mike Maloney.
Until next time…
Dr. Timothy Lawler
P.S. If you want to see the system the produces me online income outside of my physician gig (and literally thousands of others each day), which I then use to purchase precious metals, then enter your email here and watch the video.