Want Liberty? Get Gold! -

The political class wants you to hate gold. That's why politicians and their enablers in the mainstream media and academia constantly badmouth it. 
But have you noticed that government people actually love gold? You don't need to look any further than the recent central bank gold-buying spree to make this case. 
So, why does the political class want to have gold, but it doesn't want you to have gold?
Control. 
As host Mike Maharrey explains in this episode of the Midweek Memo podcast, you are harder to control when you have sound money. In other words, gold supports liberty. Mike explains exactly how sound money undergirds freedom and, along the way, highlights government efforts around the world to get more gold to increase their power.
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Mike opens the show with what he calls an "oddly specific memory."
<blockquote>
"I remember vividly in Junior High trying to convince a friend of mine that a dessert offered with the school lunch was awful. I was lying. The dessert was delicious. I just wanted my buddy to think it was bad so he would give it up, and I could eat it.
"This is basically the same reason the political class and their enablers in the mainstream financial media and academia keep trying to convince you that gold is bad and you shouldn’t want any. They tell you gold isn’t worth having, but boy, they sure do love it. Just look at the pace of central bank gold buying. Central banks have been gobbling up gold for about four years, and according to a new survey, they have no intention of stopping. Today, I’ll give you some details about that survey, and I’m also going to explain exactly why government people want you to hate gold."
</blockquote>
Mike notes that central banks have added an average of 1,000 tonnes of gold to their reserves each of the last four years. Meanwhile, a recent World Gold Council survey indicates this gold-buying spree isn't likely to end anytime soon. 
<blockquote>
"A record 45 percent of the 76 respondents indicated they expected their gold holdings to increase over the next year. Only 1 percent of the central bankers surveyed anticipate a decline in gold reserves over the next year."
</blockquote>
The survey also revealed that most central bankers believe the dollar's share of reserves would decline going forward, with 74 percent forecasting a “moderate” or “significant” drop in dollar holdings.
Mike emphasizes that the dollar doesn't have to lose its reserve-currency status for de-dollarization to cause significant economic problems. 
<blockquote>
"America depends on the global demand for dollars to underpin its massive government. The only reason Uncle Sam can borrow, spend, and run massive budget deficits to the extent that it does is the dollar’s role as the world's reserve currency. It creates a built-in global demand for dollars and dollar-denominated assets. This absorbs the Federal Reserve’s money creation and helps maintain dollar strength despite the Federal Reserve’s inflationary policies. 
"If the world needs fewer dollars, they will begin to return to the U.S., causing a dollar glut. This will increase inflationary pressure domestically as the value of the U.S. currency further depreciates. In the worst-case scenario, the dollar could collapse completely, leading to hyperinflation."
</blockquote>
Mike notes that the reasons central banks are stacking gold are the same reasons individuals need gold.
<blockquote>
"You need sound money to protect your wealth. I can’t guarantee much in this world, but I can guarantee that the dollar is going to be worth less in a year than it is today."
</blockquote>
Government people want gold. So, why don't they want you to have gold?
<blockquote>
"Because people with gold are harder to control."
</blockquote>
Mike highlights a speech by UK Deputy Prime Minister David Lammy at a recent gold conference.
<blockquote>
"Lammy intended to warn the audience about the dangers of illicit gold. Instead, he revealed exactly why a lot of people want to own the yellow metal. 'Unlike cash, gold does not need a bank account, a password, or an internet connection,' Lammy said."
</blockquote>
Mike says he's sold, but points out that in Lammy's mind, these qualities aren't features. They're bugs. 
<blockquote>
"When you have real, hard money, the government can’t track what you spend. It can’t freeze your bank account if you do or say something unapproved. Oh, and it’s much harder to tax you."
</blockquote>
Government apologists will tell you they just want to be able to track the "bad guys." Mike warns that governments have a different definition of "bad guy" than normal people. 
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<blockquote>
"We think of a bad guy as a murderer or robber. In the eyes of the government, you are a bad guy if you do anything to undermine or challenge its authority. Own the wrong kind of gun, go to the wrong rally, or even say the wrong words, and you suddenly become a bad guy."
</blockquote>
Mike explains this is why governments around the world have launched a "war on cash" and, by extension, sound money, including gold and silver. 
<blockquote>
"Governments would love to do away with cash and hard money, and force all our transactions into the digital realm. This would set the government up with surveillance capabilities that would make Orwell blush."
</blockquote>
Mike explains the ramifications and emphasizes that this kind of control is impossible when people have physical money, whether it is in the form of gold, silver, or even paper. He argues that in the eyes of the government, gold is even more "dangerous" than paper money.
<blockquote>
"Gold is worse than cash in the eyes of a government person because you can spend it virtually anywhere in the world. You may have a hard time finding someone who will accept a peso. You may even have trouble spending a dollar. But you will be hard-pressed to find anybody anywhere who would accept gold as payment. Its value is recognized around the world, from Times Square to the depths of the African jungle."
</blockquote>
Mike emphasizes that this isn't about enabling criminals. 
<blockquote>
"You might think I’m promoting a way for you to skirt the system and engage in illicit activities. That’s not my point at all. That’s what the government people want you to hear. My point is that sound money is freedom. I don’t own a gun because I want to commit crimes. I own a gun to protect my family if things get hinky. I don’t own gold because I want to engage in criminal activity. I own gold because if things do go sideways, I want to be able to protect my financial health."
</blockquote>
On the other side of the coin, governments don't like sound money systems because they limit their power. 
<blockquote>
"Fiat money benefits governments because they can expand the money supply at will. Money printing and debt monetization enable government borrowing and spending that would be impossible in a sound money system. Without fiat money, governments would be much smaller, less powerful, and less intrusive."
</blockquote>
Mike notes that this is exactly why FDR tried to confiscate the public's gold, setting the stage for an end to the gold standard.
Mike emphasizes that the bottom line is that fiat money facilitates big government and erodes individual liberty.
However, you can shield yourself from relentless monetary depreciation by holding gold and silver. Mike says today is a perfect day to call 800-800-1865 and talk with a Money Metals precious metals specialist. 
<h2>Articles Mentioned in the Show</h2>
<a href="https://www.moneymetals.com/news/2026/06/07/metals-focus-gold-bull-market-still-has-legs-004974">Metals Focus: Gold Bull Market Still Has Legs </a>
<a href="https://www.moneymetals.com/news/2026/06/04/central-banks-flipped-back-to-gold-buying-in-april-004966">Central Banks Flipped Back to Gold Buying in April</a>

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