Philip Patrick
๐ค SpeakerAppearances Over Time
Podcast Appearances
And where do people like that go to share the big line?
Mega media.
I wish in my soul, I wish that any of these people had a conscience.
Yeah, I mean, there's a lot to unpack there.
Certainly, even prior to this, as you mentioned, we had the perfect storm for gold.
We've printed the dollar into oblivion.
We've made it a much less attractive store of wealth.
We've talked about how we broke the trust, specifically Biden, through sanctions and weaponization of currency, which made the dollar far less attractive.
People have to understand that.
Gold has been the standard for international currency throughout all of human history, because ultimately, for most of human history, countries didn't trust each other.
And sort of post-World War II, this belief was born that the world had transitioned and we moved away from gold towards government debt and specifically U.S.
government debt.
But I think
clearly that illusion has been shattered.
First of all, the dollar as a store of wealth isn't what it was.
It's lost 28% of its buying power since the pandemic.
It is an unattractive, much less attractive store of wealth than it was.
Secondly, broadly, the trust has been broken.
So I think what we're seeing now is the world is reverting back to sound money, what has always been the standard.
Now, obviously a war in Iran,