Ben Shapiro: The Gold Standard Is the Key to Economic Freedom

Published on 12 October 2023 at 01:13

As a trusted voice in modern political commentary, Ben Shapiro's views on the economy, particularly the gold standard, have significant influence. His endorsement of Birch Gold Group, a leading dealer of precious metals in the United States, highlights his belief in the value of investing in gold and other precious metals. This article discusses Ben Shapiro's views on the gold standard, his relationship with Birch Gold Group, and the benefits of investing in gold.

Understanding the Gold Standard

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price.

Ben Shapiro's endorsement of the gold standard is rooted in his belief in its ability to provide economic stability and hedge against inflation. He argues that a return to the gold standard could prevent economic disasters and protect the value of money.

The History of the Gold Standard in the U.S.

The U.S. operated under the gold standard from the time of George Washington until the early 1970s. This era saw significant economic growth and stability, further strengthening the case for the gold standard. However, the topic has been largely unmentioned among economists and financial officials in recent years, despite its historical success.

The U.S. left the gold standard in the 1970s due to various economic pressures. Since then, the U.S. dollar has been a fiat currency, meaning it doesn't have intrinsic value or a physical form, like gold or silver, backing it. Instead, the value of the U.S. dollar is derived from the economic or market value of the U.S. government's word to back it.

Ben Shapiro's Endorsement of Birch Gold Group

Birch Gold Group stands out in the world of precious metals dealers for its commitment to customer education and transparency. Ben Shapiro's endorsement of the company underscores his belief in the value of investing in gold and other precious metals.

Shapiro's partnership with Birch Gold Group aims to educate Americans about the value of physical precious metals and how they can help protect their future. He stresses the importance of having some assets in areas of human activity that have never been worth zero, like gold.

Birch Gold Group offers customers the opportunity to invest in a variety of precious metals like gold, silver, platinum, and palladium. Customers can choose to purchase precious metals for direct possession or choose to roll over their retirement accounts to a Precious Metals IRA backed by physical gold and silver.

Why Invest in Gold?

Shapiro's endorsement of gold and other precious metals is based on their resilience and intrinsic value. These are some reasons why he believes in investing in gold:

Hedge Against Inflation: Unlike fiat currencies, gold's value tends not to be affected by inflation. As a result, investing in gold can defend your long-term value, regardless of what happens to the dollar.

Protect From Economic Volatility: Gold has historically shown its ability to endure even in the face of major economic downturns. Its value often tends to increase even when other assets are in decline.

Geopolitical Stability: Regardless of global economic trends and currencies, gold can persist because its market is driven by independent factors.

Diversification: If all your retirement savings are placed in paper assets like the dollar, you might witness your portfolio rapidly diminish in value during a major crisis. Diversifying into assets like gold, which have tangible value and applications beyond just investment, increases the likelihood that the value of your savings may endure.

Security Against Cyber Attacks: With the increasing threat of cyberattacks, many paper assets (which now have electronic access points) could quickly be stolen or may even entirely disappear. A tangible asset like gold, which is physically stored in a depository or under your care, can be harder to steal effectively and make disappear.

The Path to the Gold Standard

The road to returning to the gold standard is fraught with challenges, but proponents like Ben Shapiro believe that the benefits outweigh the potential obstacles. They argue that the gold standard has proven successful in the past and can provide a blueprint for a more stable and secure economic future.

Despite these challenges, the push for a return to the gold standard is gaining momentum. With influential voices like Ben Shapiro advocating for it, the gold standard may once again become a significant topic of discussion in economic and political circles.

Conclusion

Ben Shapiro's endorsement of Birch Gold Group and his advocacy for the gold standard underscore his belief in the value of investing in gold and other precious metals. While the road to returning to the gold standard is fraught with challenges, proponents like Shapiro believe that the potential benefits make it a worthwhile endeavor. By educating themselves and considering various investment options, individuals can make informed decisions that align with their financial goals and risk tolerance.

*Disclaimer: This article doesn't constitute financial advice. It is for informational purposes only. Information about Ben Shapiro is taken from things said. We do not speak for him.*


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