Lynette says that gold will not be used for backing national currencies until the debt and derivatives are dealt with on a global scale. Here’s why…
Some of the areas of discussion –
Question 1. Will the bail-in rules apply to brokerage firms like Charles Schwab and Ameritrade?
Question 2. Do you think China will introduce a gold backed yuan? And what will that mean for the price of gold, the dollar and capital flows?
Question 3. In regard to going cashless, would gold/silver still be liquid in such a situation? Or would it be easier to “outlaw” gold and silver?
Question 4. If someone tells you they are out of the markets because they have sold all their stocks and bonds and have put all their cash into T-Bills in a brokerage account – what do you say to them?
Question 5. What do the world central banks purchase their gold with? Currency? Seems like a conflict of interest if they have control of their currency supply. Also does anyone even know how much currency is actually in circulation because most currency is digital.
For the answers to those questions and a whole lot more, tune in to the video in its entirety below: