This 32-minute dialogue between Grant Williams and me covers my 55-year skilled journey from banking in Switzerland, constructing and operating a serious UK FTSE 100 firm (DIXONS), and establishing a serious enterprise in wealth preservation based mostly on bodily gold.
Within the interview, I focus on with Grant that gold is nature’s cash and, subsequently, the one cash that has ever survived in its authentic kind. This 5,000-year document is unlikely to be damaged by any new type of cash, whether or not CBDC (Central Financial institution Digital Foreign money) or digital cash like Bitcoin.
Grant and I focus on how gold was unloved and undervalued in 2002 at $300, however even at this time, at $2,600, it’s massively undervalued in relation to the present and coming debt explosion.
I clarify why gold goes to go up by multiples. However as we each stress, gold is definitely not going up, however the worth of fiat cash is down, because it has for millennia.
We additionally focus on the truth that all of the gold on the planet ever produced is valued at $17 trillion, lower than the highest 10 US firms, and that whole international central financial institution gold holdings are simply over $3 trillion, which is the present worth of Microsoft.
Simply take into consideration that reality: all the worldwide gold holdings of central banks, which again all of the paper cash on the planet, are valued on the identical degree as Microsoft. THIS IS OBVIOUSLY ABSURD.
So is the truth that solely 0.5% of worldwide monetary belongings are in gold.
Grant and I focus on why it will change, resulting in gold going up by multiples.
On the identical time, I make it clear that I’m not serious about forecasting time and worth. As an alternative, I give attention to RISK and DIRECTION.
There may be much more beneficial info on this dialogue between Grant and myself.
I might suggest it to anybody who hasn’t centered on wealth preservation till now. Furthermore, this isn’t only a strongly really helpful watch, but it surely may very well be an epiphany.
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The knowledge contained on this article is for info functions solely and doesn’t represent funding recommendation or a advice to purchase or promote.