"A New Gold Standard is Coming, Brace for a Monetary Reset" by Kitco News

A new gold standard is coming, brace for ‘monetary reset’

Kitco News:  Oct 28, 2020

Excessive monetary stimulus, a by-product of an “undisciplined” fiat money system, will create problems for our economy as well as financial distortions, and the long-term solution is to move away from this system and re-adopt a gold standard, said Jan Nieuwenhuijs, gold analyst at The Gold Observer.

“There are a lot of financial bubbles, there are excessive debt levels, inequality is rising, you’ve got moral hazards, all these side effects of a fiat money standard are not really what we want, and eventually we get a lot of monetary instability and I think then at that point we have to get back to a gold standard,” Nieuwenhuijs told Kitco News.

 0:00 - Why a gold standard is needed

2:53 - How to transition to a gold standard

5:08 - Structures of a gold standard

6:40 - Race to the bottom with currencies

8:16 - Digital euro

9:35 - $10,000 gold target

10:55 - Monetary reset

11:54 - Silver supply and demand analysis is useless

https://youtu.be/HODkm6lhmfE?t=2

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