Chris Olson
👤 SpeakerAppearances Over Time
Podcast Appearances
And that per ounce?
Per ounce.
And that's if we have the amount of gold that we actually say we have.
If we don't have that much gold, then the price goes up because the dollar goes down in relation to what gold we do have.
So – and that seems to be one of the – The dollar just evaporates at that point.
Depends how much gold we have in that scenario.
But it would be a serious blow to the confidence of other central banks into what is the dollar really worth in some future scenario where international currency settlement gets tethered to gold of some type.
And I think that there –
Everybody's preparing for that.
Why are central banks net purchasers of gold since 2005 and just upped it since 2002?
So a revaluation and a rebalancing has to come for peace and for prosperity and for fairness.
It's going to happen.
Right.
And we probably wouldn't have hollowed out our industrial base.
Globalism wouldn't be possible, at least in terms of the American version of globalism, without that fiat currency aspect.
And if we want to have, say, like Luke Grohman, who you've had on the show here.
Very smart guy.
Yeah, incredibly smart.
And his idea of the revaluation of gold to obtain a parity of Chinese yuan to the U.S.
dollar of one to one.