Why it is so critical to own gold and bitcoin

I'd add Bitcoin, in addition to Gold, as the only ways to protect yourself in anticipation of ever strengthening government's invasion of our personal life and privacy!

The Coming End of Privacy The White House recently released a statement by NEC Director Brian Deese and National Security Advisor Jake Sullivan on Digital Assets Framework "At the direction of President Biden and after 180 days of determined work across the Biden-Harris administration, we are releasing the first-ever comprehensive federal digital assets framework– positioning us to keep playing a leading role in the innovation and governance of the digital assets ecosystem at home and abroad and in a way that protects consumers, is consistent with our democratic values, and advances U.S. global competitiveness." Consistent with our democratic values? Which values are those? The right to privacy? The right against unreasonable seizure? Do those sound familiar? Now, you might say this couldn't happen in a democracy like ours. Well, it's already started. And if you don't think the government will infringe on your rights, just look at what happened to the tuckers in Canada. Their Prime Minister Trudeau was granted "special emergency powers" during the peaceful trucker protests over his forced vaccination law… He then ordered all banks to freeze the accounts of the protestors… The Biden administration is moving forward with their government-backed digital currency I predicted that the U.S. dollar would be made obsolete, your cash would be confiscated – or simply become worthless paper. I fear this will become the basis of a new system of full citizen control through the financial system, something akin to China's social credit system that controls the entire population based on political loyalty. The cash currency we have now will be replaced with a new, programmable digital tokens. This is already happening in China. The digital yuan is already here; it was introduced in China last February during the Winter Olympics. Visitors to the Olympics were required to pay for meals, hotels, transportation, etc. using QR codes on their mobile phones that linked to digital yuan accounts. Nine other countries have already launched CBDCs. Europe is not far behind and is testing the digital euro under the auspices of the European Central Bank. The U.S. was lagging but is catching up fast. This new currency will allow for total control of all American citizens. Because every "digital dollar" will be programmed by the government. That means they will be able to "turn on or off" your money at will. Not only that, but they'll be able to track and record every purchase you make. Say the "wrong" thing on social media. Buy the "wrong" thing. Subscribe to the "wrong" news channel. Give money to the "wrong" candidate. And your rating drops... Suddenly, your Biden Bucks are frozen or disappearing from your account. And this is not speculation. I predict the U.S. will soon be a surveillance state like China. China is already using its CBDC to deny travel and educational opportunities to political dissidents. These kinds of "social credit scores" and political suppression will be even easier to conduct when Biden Bucks are completely rolled out. You might not be able to fight back easily in the world of Biden Bucks, but there is one non-digital, non-hackable, non-traceable form of money you can still use. It's called gold.

Jim Rickards