Just weeks after premiering helpful new economy-related content on both TikTok and YouTube, Lear Capital founder and Chairman Kevin DeMeritt says his precious metals firm plans to begin introducing a series of four commemorative coins honoring the Mount Rushmore monument in October.
Each coin will highlight one of the U.S. presidents who are shown on the Mount Rushmore National Memorial in South Dakota — George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln.
The four former leaders’ likenesses were carved into Mount Rushmore between 1927 and 1941 under the direction of Gutzon Borglum, an Idaho-born sculptor who trained in Paris. He also created works that were acquired by the famed Metropolitan Museum of Art in New York City and the Capitol building in Washington, D.C., where the marble replica he created of Lincoln’s head is on display.
Borglum chose to include Washington, Jefferson, Roosevelt, and Lincoln on the Mount Rushmore monument to symbolize key periods in U.S. history, according to the South Dakota Department of Tourism; they symbolize the birth, growth, development, and preservation, respectively, of the country.
The George Washington coin will be the first in Lear Capital’s series to be released and will be available for purchase in mid-October.
Each of the four designs will be issued as both a 1.5-ounce silver and 0.25-ounce gold coin. Produced in limited quantities, 300,000 coins featuring each president will be issued in silver. Lear Capital will also offer 30,000 gold coins that individually depict each of the four past presidents.
Exclusive Industry Insight Is Being Circulated via Social Media
Lear Capital’s coin series announcement isn’t the only news the Los Angeles-headquartered company, which has been working with investors since 1997, has shared lately.
The precious metals provider also recently assembled a panel of respected investment and financial professionals, including Robert Kiyosaki — the bestselling author of Rich Dad, Poor Dad — and Judge Andrew P. Napolitano, who served as a senior judicial analyst for Fox News for 24 years. The panel members now regularly provide brief financial updates that are available on Lear Capital’s YouTube and TikTok channels.
The regularly updated collection of videos offers an informative look at the current state of the U.S. economy. Lear Capital’s team of industry insiders has, to date, covered topics ranging from real estate market circumstances to speculation that the BRICS nations — Brazil, Russia, India, China, and South Africa — may introduce a gold-backed currency, which could possibly serve as competition for the U.S. dollar.
For decades, the dollar has been considered to be the world’s reserve currency, acting as a type of monetary benchmark on an international scale. Global reserve currency status can offer several benefits. The demand for the issuing nation’s currency will likely remain considerable, for instance, potentially providing the country with some protection against higher inflationary levels — and it may receive manufactured or agricultural items from other nations in exchange for currency, which could allow the issuing country to reduce its goods-related production efforts.
According to Kevin DeMeritt, if the BRICS countries were to introduce a type of legal tender that eventually replaced the U.S. dollar as the reserve currency, elevated resource and other expenses could consequently occur.
“[Oil would be] denominated in somebody else’s currency,” Kevin DeMeritt says. “That currency goes up and down; [and] we would pay higher product prices, just like Europe’s been doing. Eight, nine years ago, [the cost of gas] was already very, very high because their currency was not the reserve currency anymore — ours was. People in the United States would have a gigantic wake-up call because
things would become much, much more volatile.”
Additional Recently Released Resources Include a New Guide on Currency Conditions
In August, Lear Capital also published a new report titled The Tipping Point, which offers an in-depth look at the current status of the U.S. dollar — and what may lie ahead for the currency.
The report touches on some of the concerns surrounding the BRICS nations — which collectively have a greater gross domestic product than the G7 countries: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States — potentially introducing a gold-backed currency of its own. A BRICS currency might be similar to the euro, the monetary unit launched by the European Union more than 21 years ago.
One advantage a new gold-backed currency might have, according to The Tipping Point author, global financial research specialist Rachel Mills, is that the fiat currency system that’s currently in existence in the U.S. — which essentially relies on society trusting that the issuing government is credible enough to ensure the money it puts into circulation will have value — is a relatively new concept.
“On the other hand, precious metals have had a critical role in currency and finance for 8,000 years,” Mills notes. “There is no logical reason to believe the world’s patience and trust in the U.S. dollar will last indefinitely.”
After the U.S. levied economic sanctions against Russia following its invasion of Ukraine last year — a reaction that some parties viewed as weaponizing the dollar — some world leaders, according to Kevin DeMeritt, have become less confident in America’s approach to mingling both foreign and monetary policy.
The Tipping Point report suggests that sentiment might help strengthen support for an alternative currency.
“[Other countries] want nothing to do with [weaponizing the dollar],” Kevin DeMeritt said in a recent video shared on Lear Capital’s YouTube channel. “They want a currency that they can rely upon, that they can trade freely with.”
To find out more about the topic, download The Tipping Point report, which is available at no cost on Lear Capital’s website.
New videos from members of the company’s panel of financial and investment professionals are generally posted on a weekly basis on Lear Capital’s YouTube and TikTok channels, and additional
information about the upcoming Mount Rushmore-themed series of commemorative coins that will officially debut in October will be shared in the coming weeks on Lear Capital’s site.