When it come to the question of gold price suppression, this former Fed insider says “there was nefarious warehousing”. Here’s what else was said…
This interview is recommended listening so that goldbugs and silverbugs can draw their own conclusions about central banks in general, and the Fed in specific.
Danielle DiMartino Booth supports the existence of the Fed (something many sound money and gold standard advocates want to abolish), albeit not the way the Fed currently functions.
Danielle also supports a fiat monetary system
Goldbugs (and silverbugs) accurately point to the U.S. Constitution as requiring a bi-metallic gold and silver standard, and accurately point to the Coinage Act of April 2, 1792 as the specific legislation instructing how to fix the standard of weights and measures for the required gold and silver standard.
For more information on a gold standard, check out our gold standard tag with tons of pages of information including this little gem that your’s truly wrote called New School Meet Old School: A Lesson In Sound Money
All fiat currencies in all of history have reached their intrinsic value of zero, and the fiat currencies in use today (such as the 19 year-old euro) are in the process of reaching their intrinsic values of zero.
There are no exceptions and the United States is not immune from the same mathematical certainty.
– Half Dollar
Tune in to the entire interview below: