Chris Olson

And if you can suppress the price of gold against the dollar, you can also suppress the purchasing power of those governments against your own.

But what we see now, especially since 2022, with the sanctions that were placed on Russia as a result of the Ukraine invasion, the U.S.

Treasury debt is no longer a neutral reserve asset.

It's not safe from a national security perspective for countries to rely on dollars or to expect that they might not be seized.

or sanctioned.

Yeah, it was a huge mistake to do that because- It was suicide.

Yeah, yeah.

Because it really has literally threatened this dollar dominant system of world trade.

And I'm not sure why the Biden administration would have been interested in doing that.

But where does that leave us now?

Well, there's a process underway that many people refer to as de-dollarization.

And a lot of it's centered around BRICS economy.

And you've even seen President Trump talk about threatening sanctions on these countries.

I think 100% sanctions if they attempt to move away from the dollar.

So he's obviously been advised as to the threat that that poses to US national security or foreign policy objectives.

But

there's a distinct move to look for a neutral reserve asset that can be used to settle balances of payment accounts between various countries that are trading with one another.

And historically, it's been dollars and treasuries for decades now as the world's reserve currency, but now they need an alternative.

And the only alternative that's ever truly existed has been gold.

Some people