How cute. The new UK Prime Minister, Burnham, promises to stick to the existing budget rules while, at the same time, using "flexibility" to get the UK economy growing again. Every single time, new leaders of rapidly aging countries like the UK tell you that this time will be different. But it isn't. And it can't be. Because the one thing preventing these aging economies from shrinking is the endless issuance of new debt to artificially fuel GDP growth. The UK is a classic example of how detached political leaders have become from reality. Burnham is the seventh Prime Minister in just ten years. In most cases, deteriorating public finances were a major reason why their predecessors failed. From day one, the new leader makes a promise he simply cannot keep. Unless he is prepared to significantly reduce the prosperity of the British population, which would amount to political suicide. When you connect the dots, it's almost amusing how every new politician believes they can change the system. That their exceptional leadership will somehow free an aging society from its structural (financial) problems. It won't. Only more debt will kick the can further down the road. Now is the time for investors, savers, pensioners, and people in general to understand the enormous implications this will have for taxes, money, pensions, wealth, and ultimately their financial freedom. Just wait for the next financial crisis, when interest rates head back to zero. It will likely be accompanied by another wave of inflation and central banks cornered once again, with no option but to print money into oblivion, fueling even more inflation, inequality, and social unrest. Don't wait for that moment to finally understand why physical (!) gold belongs in your investment portfolio. And not just as a token allocation. Gold isn't about cash flows. It's about protecting your wealth against the relentless debasement of fiat currencies issued by aging, low-growth, polarized, and powerless societies. Burnham will likely be gone within a year, perhaps two. The system won't. Then, the next "leader" will be telling you how he or she plans to free us from soaring debt and chronic budget deficits. And by then, gold may well be trading at $10,000.