" Gold Backed Currency Emerging" Mario Innecco
Gold-Backed Currency Emerging | Mario Innecco
Liberty and Finance: 12-29-2022
Central banks are buying gold at a record rate, and many commentators think they are preparing for a gold-backed currency.
Gold is likely to be revalued, Mario Innecco says, in a transition into a gold standard.
Good money drives out bad money.
If a gold-based system emerges, "The Dollar's going to be toast," he says.
0:00 Intro
1:40 Gold backed currency
4:00 US dollar impact
12:40 Game over
14:39 Gold's revaluation
17:00 Silver's role
18:30 Central banks & gold
24:00 Market update