Is America Headed for Gold-Backed Money? (And What it Means for You)
Is America Headed for Gold-Backed Money? (And What it Means for You)
Daniela Cambone: 11-26-2024
“The debt spending is going to accelerate… and silver is going to go higher,” says Garrett Goggin, founder and publisher of the Golden Portfolio newsletter.
Speaking with Daniela Cambone, he explains that silver is on track to reach a three-digit high due to its strong connection to the economy. Goggin also expresses optimism about the U.S. economy, predicting an era he calls “America’s great awakening” under Trump 2.0.
Reflecting on historical trends, he suggests a strong correlation between societal decline and the abandonment of the gold standard, stating, “Why did this all happen around the 70s? It's because America got off the gold standard, and then it became all about big business.
Citizens' health took a back seat to that.”
CHAPTERS:
0:00 Post-election economic analysis
6:53 Correlations between gold and society
8:07 U.S. economy
10:00 Silver
14:13 Bitcoin
15:40 How will gold perform?