gold news

 when you mentioned Lehman I remember exactly where I was when I got the phone call um and I was in undergrad I was in college when that happened but I still remember exactly where I was when I learned about um their collapse and did you know about it the day before or two days no I was also I was an undergrad I was heading to one of my journalism classes we ended up having a pop quiz on it uh so I was glad I got that question right like which bank just went under we didn't know like news of the day but remember Yankee was

saying don't worry everything's fine yeah yeah let me ask you this too because um I kind of take it um and you write about this in the book we're past the point of no return aren't we yes uh that is the reason that I think that this is this either the reset that the elites are hoping for uh happens or there's a complete meltdown and implosion and we start with something fresh but that meltdown and implosion is going to be very scary and a lot of people are going to be hurt the only

people that will benefit out of it uh might be the crypto sector I have no idea or uh it but I I do know that holders of precious metals will have tremendous amounts of wealth transferred towards them just based on history this has happened time and time again it has never happened globally before that's the scary part we are living through this Grand experiment that nobody knows about I mean the average person doesn't know what's going on there's never been a time in world history where all

currencies have been Fiat currencies at the same same time simultaneously and all Fiat currencies throughout history have failed the currencies that exist now were all born on August 15 1971. all of the world's currencies basically changed format they were no longer the same on the 16th as they were on the 14th on the 14th they were backed by gold through the U.S dollar on the 16th they were uh promises to pay out of future tax collection I mean we that's that was the day we decoupled from gold uh the 15th when Nixon took us

off of it and all of the world's currencies were backed by gold through the US dollar and that was no longer the case on August 16th so every currency on Earth pretty much changed at that point so the oldest Fiat currencies that exist were born on that date and I believe the average lifespan is about 27 or 30 years of a fiat currency but there have been thousands upon thousands I mean there were actually uh thousands in the United States during the Free banking era when any grocery store or uh there were

currencies issued by railroads everybody could issue their own currency a a general store could uh uh pay for things with the claim check that could then be used at the General Store to purchase good goods and services so uh uh there was actually these currencies were worth less and less the further away from the currency's birthplace they got so uh if it was being used in another town or another state there was actually a big book that you could uh get to show all of the different currencies and and see

whether or not this note that you just got was a counterfeit currency and it would have pictures of counterfeits along with the original uh currency so that you could tell the difference uh I can't remember the name of it right now but I think it was in my first book I do like that about your books as you include a lot of history and so they're delightful reads because it's not just about precious models you really do delve deep into history let me ask you this because all of this your thesis it

would bode well for precious metals gold and silver unleashing a massive bull market what are you thinking about as it relates to that bull market what could that look like I don't know if you have price Targets in mind um but how do you see that playing out you know uh price means nothing and value is everything everybody wants to put everybody wants a price in US Dollars when it is actually the dollar going down not uh I mean it is gold gaining purchasing power gold and silver throughout the centuries have a

purchasing power that bounces up and down in a Range currencies do this periodically they all go to zero uh the um the what I see is all encapsulated in chapter seven and chapter seven is basically the point of the book it's the difference between the 70s bull market and today in the 70s gold went up 25 times its initial price silver went up 41 times uh the stock market went up like one and a half times and and the and real estate uh went up like two and a half times uh so uh stocks I mean the

Dow bumped its head on a thousand points in 1966 and couldn't decisively break through until 1982. so it just it was just like no return whatsoever during massive inflation of the 70s and so the Dow actually had an invisible crash that when you adjust it for inflation it crashed by 73 that's huge uh gold and silver made these massive gains where if you had sold a house at the beginning of the 70s and purchased gold you could purchase almost 10 it was over nine homes that you could purchase uh in 1980

if you had sold a house and bought silver in 19 in the early 70s you would then be able to purchase I believe it's uh 16 homes and had like ninety thousand dollars left sixty thousand dollars left over to put in your pocket something a little bit less than the cost of a single-family median price home but where I see it going is buying many many many times more stuff uh the price it all depends on how much currency they create how how small do they make the purchasing power of the dollar I've got

something really cute here five Japanese centavos I mean look at the size of this it's it's uh here is the large format U.S bill and here's the wow yeah uh a 20 bill from today so this tiny little note five Japanese centavos in English not in Japanese I believe this was used during Japanese Occupation of the Philippines uh and my father brought that it had had this uh he was stationed in Europe in World War II but uh uh the uh uh this doesn't I mean I have a box on my desk that I'm probably going to

take that I mean I've got currency from all over the world here from various times and none of it purchases anything it's not worth anything today except as a collector's item uh some of these things are uh worth something so these come from all different countries and uh as the currency ages oh and I always see I've got this uh thing of 100 trillion dollar bills oh wow Zimbabwe and another one here printed just one year earlier so there's one year between these two bills this is a one and you could buy

something with it this is a hundred trillion and you couldn't buy anything with it it was worthless hahaha same currency being prevented into Oblivion in just a single year and I believe that was the third time they had done that the public keeps on falling for this over and over and over during that period of time uh when people do people did turn back to Gold there were YouTube videos on it about how people would start panning for gold and uh uh it gains tremendously in purchasing power because very few people

have it and right now very if you look at gold as a percentage of Global Financial assets uh people don't own it