"We are witnessing the biggest governance failure in modern US history."
"Real concerns around the longevity of the US Dollar as a reserve currency have started to emerge. We have long maintained gold is the currency of last resort, particularly in an environment like the current one where governments are debasing their currencies and pushing real interest rates to all-time lows. The greater the deflationary concerns that policymakers must fight today, the greater the debt buildup and the higher the inflationary risks are in the future. Today the risk is from debasement of fiat currencies that sows the risk for inflation, and gold is the best hedge against debasement."