John T. Reed’s hyperinflation/deflation blog

My late brother-in-law was into gold and although he lived in the Boston area, used The Tulving Company and Cornerstone Bullion. He switched from the former to the latter. Look at what I got when I Goggled Tulving company:• The collapse of Tulving Company Coin Week March 29, 2014• Federal Judge Sentences Coin, Precious Metals Dealer Hannes Tulving in $15 Million Fraud Case 2/22/16• Costa Mesa-based coin dealer pleads guilty to defrauding customers of more than $15 million in merchandise• Not accredited BBBThis is why I am trying to be very careful and get recommendations.Gold Dealer Reviews says Cornerstone gets...

Venezuela today is illustrating what I have warned of in my hyperinflation book. Tens of thousands of Venezuelans are crossing into adjacent Colombia to buy necessities because price controls in Venezuela combined with hyperinflation of the Venezuelan currency causes the store shelves in Venezuela to be empty. A week ago, Venezuelan President Maduro would not let Venezuelans into Colombia. This is what happens in all hyperinflated countries throughout history. Only pedestrians were allowed into Colombia, no vehicles, so most seniors, who are some of the must hurting in Venezuela, can’t even take advantage of this meager window of opportunity.Accordingly, I have...

Hooray for the Brits. An AP story stated with the words “U.K. is now entering uncharted waters.” Apparently, they got rid of all writers over about age 30.The EU and its predecessor the Common Market only came into existence in 1993 and 1957 respectively. The Brits got along without them before they met them and they can get along without them now. U.K. was the world leader in the 18th, 19th, and early 20th centuries, all without the EU.The EU and common market started like NAFTA—an agreement to lower trade barriers. But it metastasized to become a government legislating immigration policy,...

The food riots in Venezuela are caused by the combination of hyperinflation and price controls. All countries pass five bad laws when they get hyperinflation: price controls, capital controls, rationing, anti-hoarding, and financial repression laws. Congress passes them in my forthcoming novel The Unelected President. .http://johntreed.com/products/the-unelected-president-novel… .The books shows how a president needs to deal with it. How you as an individual need to prepare for it and deal with it if it happens is another matter. .That is covered in my non-fiction book How to Protect Your Life Savings from Hyperinflation & Depression, 2nd edition. http://johntreed.com/…/how-to-protect-your-life-savings-fro….If and when we get...

When I wrote the second edition of How To Protect Your Life Savings from Hyperinflation & Depression, I learned that the key aspect of that for liquidity and the ability to buy food and other necessities is that you must have foreign currency and that foreign currency must be abroad. I recommend and have mine in savings accounts in Australia, Canada, and New Zealand and the currencies of Denmark, Sweden, and Switzerland in a Canadian safe deposit bank.http://www.johntreed.com/…/how-to-protect-your-life-savings…That, in turn, means you have to know how to move money internationally. I have used SWIFT wires (too expensive at about $50...