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It's been half a century given that Richard Nixon decoupled gold from its cost fix to the UNITED STATE dollar, as well as now, financial regimens need a return to a gold anchor more than ever before in order to bring back stability and also reliability, stated Brien Lundin, executive editor of the Gold E-newsletter and host of the New Orleans Investment Conference.
Speaking With Michelle Makori, editor-in-chief of Kitco Information, Lundin made the situation that the UNITED STATE buck has, given that completion of the Gold Requirement in 1971, shed 85% of its value relative to the customer rate index, which he stated may also be downplaying inflation, which one more buck secure to gold might be what's required to prevent further decline.
Comply With Michelle Makori on Twitter: @MichelleMakori ()
Comply With Brien Lundin on Twitter: @Brien_Lundin ()
0:00– Most significant repercussions of ending the Gold Criterion
4:30– Will U.S. buck lose book money standing?
6:30– Vehicle drivers of gold and silver costs today
8:30– Inflation expectation
10:37– A return to the Gold Requirement?
14:47– Central bank gold purchases
16:03– Cryptocurrencies as hedge versus fiat money
18:00– Long-lasting outlook for gold
#gold #goldstandard #dollar
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What would it take for a return to the gold standard? Brien Lundin
It’s been 50 years since Richard Nixon decoupled gold from its price fix to the U.S. dollar, and now, monetary regimes need a return to a gold anchor more than ever in order to restore stability and credibility, said Brien Lundin, executive editor of the Gold Newsletter and host of the New Orleans Investment Conference.
Speaking to Michelle Makori, editor-in-chief of Kitco News, Lundin made the case that the U.S. dollar has, since the end of the Gold Standard in 1971, lost 85% of its value relative to the consumer price index, which he said may even be understating inflation, and that another dollar peg to gold may be what’s needed to prevent further devaluation.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Brien Lundin on Twitter: @Brien_Lundin (https://twitter.com/Brien_Lundin)
0:00 – Biggest consequences of ending the Gold Standard
4:30 – Will U.S. dollar lose reserve currency status?
6:30 – Drivers of gold and silver prices today
8:30 – Inflation outlook
10:37 – A return to the Gold Standard?
14:47 – Central bank gold purchases
16:03 – Cryptocurrencies as hedge against fiat money
18:00 – Long-term outlook for gold
#gold #goldstandard #dollar
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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