As Policies Backfire, Fire back with Gold

Gold and silver look to have bottomed here as the markets moved up Friday May 20th, 2022.

Today on the show we look back to 1971 and ask, did Nixon really need to lift the gold standard? It was/is easy to accept the idea that there was not enough gold. Yet, could the administration not have revalued gold? In doing so they would have been able to provide creditors without running out of inventory. Which leads this panel to believe that what Nixon and friends perpetuated in 1971 was not something in the country's best interest. Of course, in putting the currency into the hands of the central bankers, the dollar has been debauched. The purpose of discussing this finer point is to look to the future and see how easy it is to bring credibility back to a dollar through gold. Look at the Russian Ruble.

Many of the above thoughts and discussion was actually brought up this week in Egon Von Greyerz's recent article titled "Gold As 'Cheap' Today As In 1971". Which can be found here. https://www.dollarcollapse.com/egon-v...

Sotheby's auctioned of a Mercedes-Benz for a wopping $150 million euros. This demonstrates how wealth can be something that is cared for and appreciated. That acquiring such an asset requires responsibility and investors understand this as a profitable place to store and enjoy wealth.

Finally, in Interview with Dr. Stephen Leeb on www.kingworldnews.com he discussed many of the backfiring policies of the Biden administration and that the last policy to backfire will be the gold price suppression. This has got us here at Guildhall very excited.

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Remember - If you can't hold it, you don't own it.