hi this is mike maloney and i've got jeff clark the senior precious metals analyst at goldsilver.com with me uh for some hot topics that's what we're going to cover today so jeff what have you got hi mike great to be back with you and yes one of the hot topics today is gold versus bitcoin and uh you have talked about and others about the maybe the system going all digital at some point if that's the case one question out there is what does physical gold and silver really do for me if the system's going to be all


digital and if it is going to be all digital should we maybe invest more in cryptos than gold what do you think well you're talking about digital dollars so there there is absolutely no difference in the condition you've got digital dollars in a in a fed coin in a wallet that that they provide that you're going to get through your bank so it'll be connected with your bank but ultimately it's the federal reserve creating their dollars and putting them in there uh and they're going to try and get you


to use these for everything it's going to be more convenient and they'll be able to track you and everything but it doesn't have anything to do with your position in gold they're still going to inflate that currency supply and they can inflate it even more and then they can try and force you to spend it by uh you know basically creating a negative interest rate on it so that some of it disappears from your wallet if you don't spend it if you just save it it's going to slowly vanish if they're


trying to stimulate velocity and get the economy going if they want people out there buying stuff and spending you know they give them the currency and then they threaten to take it away if they don't spend it within a certain period of time and everybody's going to spend it they'll be able to track you but it isn't like you can't buy stuff with it so if you can buy stuff with those digital dollars just like you can buy gold and silver with the regular non-digital dollars today actually you


know the dollars that uh you transfer in your bank account those are digital anyway it's just that they're not uh protected on a block chain uh there's there's more chance of fraud and theft with those dollars but they're much harder to track uh so they you know we have a little bit more freedom with the system we've got now than what we're going to have in the future with this these wallets and and fed coin however you're able to buy things with them you can go and buy food you can pay your


rent you can buy a car you can buy gold and silver and what you do know is that they're always going to increase the currency supply whether it's paper dollars bank dollars you know the the dollars that the banks create the dollars that are in your checking account or the fed fed coin dollars that are in your digital wallet in your phone it's going to increase so there is absolutely no difference when it comes to the effect on gold you know should you not buy gold just because they've got a new version


of of the us dollar uh well on the only reason that you would not buy gold is if you think there's going to be fewer and fewer and fewer dollars in the future not more and more and more very monetary deflation then uh prices should uh you know we should we should uh see prices fall not rise and uh you would want to hold dollars instead of gold or maybe u.s treasury bonds or something like that i don't see that in our future anywhere it's not in the foreseeable future as far as you can look uh all i see


is more inflation of any kind of dollar that they want to create any kind of currency that they want to create if it's a fiat currency and it's created by man uh it's it's going to get inflated so um crypto assets uh uh you know they're a lot of them have limits on how many will ever exist but you know there's there's always a several new cryptocurrencies every single day so right the main point is that uh digital dollars are still fiat dollars and they're not backed by gold and so


they can be created at on a whim and at will and that's the trend we're in right now in history we're not in a period of austerity and so whether they're digital or whatever form these dollars are in they're still a fiat currency and that uh just really highlights the importance of owning physical something physical like gold and silver outside of the fiat system yes uh gold silver and kryptos that's you know i'm into alternative assets and so yeah good and that i think this is the time


in history the where those things are going to benefit the most and not fiat dollars or uh paper assets like uh bonds and stocks okay mike well this is great topic thank you for addressing it for us and i'll see you on the next video