Good afternoon.
After recording Why They Want the Gold VBL sat down with Jordan of the Daily Gold to compare notes on historical parallels.
Combining perspectives, this is the result.
As it turns out, what the BRICS are doing right now has strong precedent with what France and the UK did in 1971 which forced us to sever the deliver-ability of Gold against the dollar.
Back then, as now, other countries became worried about our ability to maintain the buying power of the USD in light of an increasingly unmanageable debt burden. The concerned countries in both eras thought the temptation to cheat and monetize the ballooning US debt was too big a risk. Back then, and now they wanted the Gold.
Enjoy
Transcript attached
Related Posts Mentioned:
China is Taking Gold Public
Housekeeping: This is a multi-part series to be released over a period of a week or so. The market situation is fluid, the material assembled is both broad and deep, and the info keeps trickling in over different time zones. Instead of a single 10,000 word article, a few 1-2k word articles will be posted.
Part 2: China is Taking Gold Public
Good Evening. Background: Parts 2 and 3 will focus almost entirely on modern history as it involves Sino-American relations and the ebb and flow of Gold’s importance during those periods. The content is largely by Bai Xiaojun with small edits, translation curation and context provided by Vincent Lanci (VBL)
