The Gold Standard, July 29, 2020

One Radio Network

Jan Nieuwenhuijs A Global Gold Standard Jan Nieuwenhuijs is a precious metals analyst for Voima Gold in Finland. Nieuwenhuijs is mostly specialised in gold, covering topics such as the Chinese gold market, the global physical gold market, derivative markets, central banks gold policy, and the international monetary system. Show highlights: The price of gold tends to go down when there’s deflation Governments can not allow deflation because we have so much debt Gold is correlated with the interest rates in the U.S The more negative the interest rates are, the higher the price of gold Fait currency, federal reserve based on debt What would a reset in the economy look like? When you print a lot of money you create more inequality Covid is a catalyst of an economic reset Why central banks want inflation If were ere to back all dollars in circulation with gold, you would need a very high gold price If the price of gold goes up, there would be less weight backing the dollar What a one world currency would do to the current debt Why the IMF sort of lost its function after 1973 If there’s a world digital currency, everyone looses their sovereignty