I'm going live at 4:30pm Eastern on Locals and answering questions from subscribers.
As a listener of @PeterSchiff since almost episode one...I have always respected his opinion....but one thing that frustrates me is that he doesn’t factor in much the incredible amount of criminality that goes on in the markets....metals getting crushed again due to what is clearly a rigged jobs report, and lets face it Silver at 20 bucks might as well be at zero....whats 20 bucks when eggs are 5 bucks a dozen. I realize this is not a conspiracy website, but the criminality can’t be ignored....
Hello all. Humor me for a minute. Let's say the entire world economy collapses, which brings about a single CBDC used worldwide. In such an event, why would gold increase in value?
In my estimation a CBDC is about global control, which will simply be a digital fiat currency, used globally.
What are the odds a global CBDC will be backed by gold? If not, what is the reason for any belief that the value of gold will increase in such a scenario?