Resources mentioned: go to www.iraarmor.com/quiz and www.iraarmor.com for more information.
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Welcome to The IRA Armor Podcast, the source for protecting your wealth in an ever-changing financial world! I’m your host, Jack Gallegar, lead researcher at IRAArmor.com, where we dive deep into strategies to safeguard your savings from economic uncertainty. Today, we’re tackling a critical topic: Don’t Let a Currency Crisis Steal Your Savings—Invest in Gold! We’ll explore why the dollar keeps losing value, why gold is skyrocketing, and why it’s been the ultimate standard for wealth protection for centuries—trusted by banks, governments, and savvy investors alike. Buckle up, because this episode is packed with insights you need to hear!
But first, let’s talk about taking action. If you’re ready to protect your wealth, head over to IRAArmor.com/quiz right now. Answer a few quick questions, and we’ll match you with a top gold IRA company tailored to your financial goals. Don’t wait for a crisis to hit—visit IRAArmor.com/quiz today and take the first step toward securing your future!
Before we dive in, a quick disclaimer: The content on The IRA Armor Podcast is for informational purposes only. We are not your hired wealth, tax, or legal advisors. Always consult with a qualified professional before making financial decisions. Now, let’s get to it!
Let’s start with a hard truth: the U.S. dollar isn’t what it used to be. If you’ve been paying attention to your grocery bill, gas prices, or rent, you’ve felt it. Everything costs more, and your paycheck doesn’t stretch as far. That’s not just inflation—it’s a symptom of a deeper issue: the dollar’s purchasing power is eroding, and it’s been happening for decades.
To put this in perspective, let’s go back to 1971, when the U.S. officially abandoned the gold standard under President Nixon. Before that, the dollar was backed by gold, meaning you could, in theory, exchange your paper money for a fixed amount of gold at any time. That gave the dollar stability. In 1971, a dollar was worth 1/35th of an ounce of gold. Today? That same dollar is worth less than 1/2000th of an ounce of gold. That’s a staggering loss of value.
Why does this happen? It’s simple: governments and central banks, like the Federal Reserve, can print money out of thin air. Since 1971, the U.S. money supply—known as M2, which includes cash, checking accounts, and other liquid assets—has skyrocketed from about $600 billion to over $21 trillion today. When you flood the system with more dollars, each one buys less. It’s basic supply and demand. In 1980, a loaf of bread cost about 50 cents. Today, it’s closer to $3.50. That’s not because bread got fancier—it’s because the dollar’s worth has tanked.
Meanwhile, gold? It’s been a different story. In 1971, gold was $35 an ounce. By August 2025, it’s hovering around $2,500 an ounce, and it’s climbed steadily over time. Even during economic turbulence—recessions, wars, pandemics—gold holds its ground. Why? Because unlike paper money, gold can’t be printed. Its supply is limited, and it takes real effort—mining, refining—to bring more into the market. That scarcity is why gold has been a store of value for thousands of years.
Let’s talk about why gold isn’t just another investment—it’s the standard for wealth preservation. For over 5,000 years, gold has been the go-to asset for civilizations, from the Egyptians to the Romans to modern central banks. Why? Because it’s tangible, durable, and universally valued. You can’t fake gold. You can’t inflate it away. It’s the ultimate hedge against chaos.
Governments and central banks know this. Right now, central banks around the world—like those in China, Russia, and India—are stockpiling gold at a record pace. In 2024 alone, global central banks bought over 1,000 tons of gold, the highest annual purchase in decades. Why are they doing this? Because they see the writing on the wall. Fiat currencies—paper money not backed by anything physical—are vulnerable. When trust in a currency wanes, whether due to inflation, geopolitical instability, or debt crises, gold steps in as the ultimate safe haven.
Take a look at history. During the Weimar Republic’s hyperinflation in Germany in the 1920s, the German mark became worthless. People were wheelbarrowing cash to buy bread, but those who held gold? They preserved their wealth. Fast forward to the 2008 financial crisis—while stock markets crashed and banks teetered, gold prices surged, climbing from $700 an ounce in 2008 to nearly $1,900 by 2011. It’s not just a coincidence. Gold thrives when paper money falters.
And it’s not just crises. Gold’s value has grown steadily over time. Since 2000, gold has delivered an average annual return of about 9%, outpacing inflation and many other asset classes. Compare that to the dollar, which has lost over 40% of its purchasing power since 2000, according to the Consumer Price Index. If you parked your money in a savings account earning 1% interest, you’re not keeping up—you’re falling behind. Gold, on the other hand, doesn’t just sit there; it grows in value as the dollar weakens.
So, why is the dollar in this slow-motion decline? Let’s break it down. First, there’s inflation, which the Federal Reserve targets at about 2% annually. Sounds harmless, right? But over time, that compounds. At 2% inflation, your money loses half its value in about 35 years. And that’s the target. In reality, inflation often runs hotter—think of 2022, when it hit 9.1%, the highest in four decades.
Then there’s the national debt. As of August 2025, the U.S. national debt is over $35 trillion, and it’s growing by about $1 trillion every 100 days. To pay for this, the government borrows and the Fed prints money, diluting the dollar’s value. Foreign investors, who hold trillions in U.S. debt, are starting to get nervous. Countries like China and Japan have been reducing their U.S. Treasury holdings, signaling a lack of confidence in the dollar’s long-term stability.
Geopolitical shifts are another factor. The dollar’s status as the world’s reserve currency—used for global trade and oil transactions—is under pressure. Countries like China and Russia are pushing for alternatives, like the yuan or even gold-backed systems. If the dollar loses its reserve status, its value could plummet overnight. We’re not there yet, but the cracks are showing.
Contrast this with gold. Its value isn’t tied to any one government or economy. It’s global, apolitical, and immune to printing presses. When the dollar weakens, gold doesn’t just hold steady—it shines. In 2020, when the Fed pumped trillions into the economy during the pandemic, gold hit a then-record high of $2,070 an ounce. As I speak, it’s pushing past $2,500, and analysts are projecting $3,000 or more by 2026 if current trends continue.
Now, let’s get personal. Your savings—whether it’s your 401(k), IRA, or cash under the mattress—are denominated in dollars. Every time the dollar loses value, your wealth takes a hit. If you’re retired or nearing retirement, this isn’t just a theory—it’s a real threat to your financial security. Social Security checks don’t keep up with real-world inflation, and traditional investments like bonds or savings accounts are barely treading water.
Gold offers a way out. It’s not about chasing quick profits; it’s about preservation. When you hold gold, you’re opting out of the fiat currency trap. You’re saying, “My wealth isn’t at the mercy of a printing press.” Central banks get this—hence their gold hoarding. Wealthy investors get it—billionaires like Ray Dalio and Stanley Druckenmiller have been vocal about gold’s role in their portfolios. Even governments get it—look at Switzerland, which still holds a significant portion of its reserves in gold.
But here’s the kicker: gold isn’t just for the elite. It’s for anyone who wants to protect what they’ve worked hard to earn. Whether it’s physical gold bars, coins, or gold held in a specialized account, it’s a tangible asset that stands the test of time. Unlike stocks, which can crash, or bonds, which lose value when interest rates rise, gold has intrinsic value. It’s been money longer than any currency in existence today.
Let’s zoom out. Over the past 50 years, gold has appreciated by over 7,000% since the end of the gold standard. The dollar? It’s lost over 85% of its purchasing power in the same period. That’s not a fluke—it’s a structural reality. Paper currencies come and go. The Roman denarius, once a silver coin, was debased until it was worthless. The French franc, the British pound—they’ve all lost ground over time. Gold? It’s still here, still valued, still trusted.
Looking forward, the case for gold is stronger than ever. The U.S. debt-to-GDP ratio is over 120%, a level not seen since World War II. Global tensions—trade wars, sanctions, regional conflicts—are pushing countries to diversify away from the dollar. And with central banks buying gold at record levels, demand is only going up. Basic economics tells us: when demand rises and supply is limited, prices climb. Goldman Sachs recently projected gold could hit $2,700 by the end of 2025. Others, like JP Morgan, see it climbing even higher if inflation persists or a currency crisis emerges.
Folks, the dollar’s decline isn’t a conspiracy theory—it’s math. More money in circulation means less value per dollar. Gold, on the other hand, is the antidote. It’s been the standard for wealth and protection for millennia, trusted by banks, governments, and investors who see through the fiat currency illusion. If you’re serious about protecting your savings, gold isn’t just an option—it’s a necessity.
Before we wrap up, let’s talk about taking the next step. Head over to IRAArmor.com/quiz right now. Answer a few simple questions, and we’ll connect you with a top gold IRA company that aligns with your financial goals. Don’t let a currency crisis catch you off guard—visit IRAArmor.com/quiz today and start building your financial armor!
That’s all for today’s episode of The IRA Armor Podcast. If you found this episode valuable, share it with a friend or family member who needs to hear it. Subscribe wherever you listen to podcasts, and join us next week when we’ll dive into another strategy to protect your wealth. Until then, stay smart, stay secure, and keep building your financial armor!
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