Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Nixon WARNED YOU: The Gold Standard Returns!
Transcript
- 0:02What do you think will happen to the price of silver and gold
- 0:05when the world goes back on the gold standard?
- 0:10What if President Nixon was telling us the truth, right?
- 0:14This temporary removal from the gold standard was all that he
- 0:18was doing back in 1971. What do you think's going to
- 0:22happen to the price of gold and silver?
- 0:26We're going to dive into it in this video.
- 0:28I wanted to jump on. I'll repeat this over and over
- 0:32in the coming years until we realize all of us and we're
- 0:36living in a world where gold and silver have reassumed their
- 0:41traditional role as the primary store of value throughout the
- 0:46world. Because I got very excited when
- 0:49this dawned on me this morning. And I have a piece of writing
- 0:52that we're going to look at from Vince Lanchey as well.
- 0:55Guys, it's going to happen. We will be back on some type of
- 0:59gold or silver standard. And it's happening actually
- 1:03right now, right in front of our very, very eyes.
- 1:07We can't deny it. Think about all the people
- 1:11throughout the world. Oh, sorry, Susie was calling me.
- 1:16Think about all the people throughout the world, this mad
- 1:19rush to silver and gold. Think about governments, central
- 1:23banks around the world, this mad rush to silver and gold.
- 1:28It's happening. And when it comes to full
- 1:31fruition, right, we will see a complete different.
- 1:35I don't even know how we'll value silver and gold at that
- 1:38point. Maybe it won't even be in
- 1:40dollars anymore, paper money. But I want to give you an
- 1:43example as to how this is happening.
- 1:46And I understand it can be a little complicated.
- 1:48And I understand that if you buy off on what the mainstream media
- 1:52tells you, the common consensus out there is it will never go
- 1:55back, will never ever go back to a gold standard.
- 2:00Well, I'm telling you it's going to happen.
- 2:01I want you to, I want you to give you a, a, an easy to
- 2:04understand analogy. Make it as simple as I possibly
- 2:08can. Imagine that the whole world is
- 2:12just 10 people, OK? Me and you and eight other
- 2:16people. Me and you, we're kind of the
- 2:18rulers of the world. We're on this little island,
- 2:21this nice little island. You and I, we're the rulers of
- 2:25the world, OK? We've got the good land on the
- 2:28island. The other eight people, we
- 2:30forced them to live next to the sea.
- 2:32They don't have it so well. We like to trade in coconuts.
- 2:37Stay with me on this one, OK? We like to because we live
- 2:41inland. Coconuts fall all the time.
- 2:43We are the rulers. We're the stronger of the group.
- 2:46You and I, the other eight people living by the sea, they
- 2:50fish. They provide the fish for our
- 2:52community, right? It's a lot of work for them to
- 2:55go out there to fish, to catch the fish.
- 2:57Everything else, we force them to trade in coconuts with us.
- 3:02We don't have to do anything for our coconuts.
- 3:03We can essentially print all the coconuts we want.
- 3:07But we're, we're stronger, we're bigger, we've got a little
- 3:10better weaponry, that type of thing.
- 3:12We're living in the shade. So at some point those people
- 3:16right, that are fishing all day long and we're forcing them to
- 3:19trade for coconuts. They come to us and say we don't
- 3:22want your coconuts anymore, right?
- 3:27Does this make sense? That's we're kind of like the
- 3:29West, the United States. We can print money into
- 3:33Infinity. Everything else, the, the, the,
- 3:36the smaller people bind together and they're like, we don't want
- 3:38your coconuts anymore. It would be like the rest of the
- 3:41world, the BRICS countries, what they're doing right now coming
- 3:44to the United States and saying, hey, guess what, guys, we don't
- 3:49really want your dollars anymore.
- 3:51And unfortunately, that's what's unfolding right before our very
- 3:55eyes. And when those eight people, the
- 3:59fishermen got together, but and, and we're like, well, wait a
- 4:02minute. No, you need her.
- 4:04They're like, you know what, you go ahead and keep your coconuts.
- 4:06If you want fish from us, you need to trade with fish, right?
- 4:11And that's what could happen with this emergence of the gold
- 4:15standard. I know it's kind of a deep,
- 4:17heady subject to dive into, guys, but it is real we're
- 4:21seeing right now, right? And if we look back at history,
- 4:24this has happened many, many times when the world had moved
- 4:28away from, never completely, but moved away from backing money
- 4:33with real assets like gold and silver.
- 4:36But the story always ends the same way.
- 4:38We go back to gold and silver again.
- 4:41Think about what's going on all over the world right now.
- 4:45Individuals buying unbelievable amounts of precious metals,
- 4:50central banks buying unbelievable amounts of precious
- 4:54metals. The Bank for International
- 4:56Settlements making gold a tier one asset.
- 5:00The Bank for International Settlements is the central Bank
- 5:02of the central banks. OK, the Fed's not going to do
- 5:08it, right? The federal government in the
- 5:10United States will not do it, but we have the individuals
- 5:13throughout the world. We even have individual states
- 5:16in the United States passing legal tender legislation.
- 5:20The loan holdout is the United States federal government.
- 5:24But could they be forced? Forced.
- 5:27They're not going to do it willingly, but could they be
- 5:29forced into recognizing gold right into recognizing the world
- 5:35gold standard? They probably, they're not going
- 5:37to call it the gold standard again, right?
- 5:40It's likely even the BRICS countries, they're going to say
- 5:43we are officially back on the gold standard.
- 5:45But what they are working towards, so think about this,
- 5:48what the BRICS countries are working toward right now is a
- 5:53shared currency that will in some level be backed by real
- 5:57assets, things like gold and silver.
- 6:00So we could get to a point where the United States says, hey, we
- 6:05want to buy this from you, China.
- 6:08And China says, that's great, right?
- 6:10You can buy it with this currency, right?
- 6:13I mean, the United States could be forced into on some level
- 6:19recognizing the fact that the world has moved to a gold
- 6:22standard. It could happen by default.
- 6:24Let's let's briefly dig into what Vince Lanci had to say.
- 6:27And then we're going to talk about some more of the evidence
- 6:31that we are indeed moving towards a a gold standard within
- 6:35this world. Vince wrote this Vince Lancy for
- 6:38for those of you who don't know who he is, he's a college
- 6:41professor. He's an ex trader.
- 6:43I believe in the silver pits up in a super, super, super smart
- 6:48guy. He's got a sub stack.
- 6:49I'll show you that here at the end.
- 6:51But he wrote this. This is from Zero Hedge.
- 6:53He said the bricks are definitely pursuing a gold
- 6:55standard for the West. This means one thing.
- 6:58If a western nation wants to trade with the bricks.
- 7:02He's saying the same thing for certain goods.
- 7:05It needs more gold. If the West does not wish to
- 7:08trade with the bricks for those items, then they must onshore
- 7:13French shore or reshore their supply chains.
- 7:16Meaning if we need something from some of the BRICS countries
- 7:20and we're not willing to pay for it on some level with gold, then
- 7:24we're going to need to find a way to make it ourselves here in
- 7:26the United States. Maybe we're talking about
- 7:28something like oil, but there's certain things, especially many
- 7:33of the manufactured goods that we get from China that right now
- 7:37we don't have the capacity to make in this country.
- 7:39OK, there's supply chains sufficiently and natural
- 7:43resources to obviate the need for the bricks resources.
- 7:46The question will be which is less expensive and less
- 7:50dangerous to do. Wow, wow, wow.
- 7:53So let's just run through this. The the bricks will use a gold
- 7:56standard. It's all one thing.
- 7:59It's all one thing. Given the following realities,
- 8:02the bricks and those that wish to trade with them must go on a
- 8:05gold standard in part or in whole.
- 8:07Why? It's about the supply chain and
- 8:10payment chain. the US must rebuild supply chains to remain
- 8:13self-sufficient in certain commodities or it must trade
- 8:16with the bricks on bricks terms and that will mean gold in hand.
- 8:21We aren't going to get into it. We aren't.
- 8:23We aren't going to do. the United States government is not
- 8:25going to do this willingly. It'll be a forced situation
- 8:29here. The currency, let's go up here,
- 8:33the bricks are in the process of creating a settlement medium
- 8:37currency, medium of exchange for international trade comprised of
- 8:41gold and other assets deemed separable from dollar influence,
- 8:47right? It's a medium of exchange that
- 8:49basically has nothing to do with the US dollar, is not connected
- 8:55to the US dollar in any way, shape or form, but is connected
- 8:59is backed by real assets, things like gold and I would imagine
- 9:03potentially silver thrown in there as well.
- 9:05But we're we're talking about gold right now.
- 9:08Delivery and receipt of the settlement medium concurrent
- 9:11with the reciprocal goods, the goods bought with the settlement
- 9:15medium exchange for said medium will make all transactions will
- 9:19make final all transactions negotiated.
- 9:23There's the Bricks 2024 in Russia.
- 9:29America is asleep at the wheel. Literally.
- 9:32I'll leave that one alone. The unit and technology in
- 9:35green. The currency will make use of
- 9:39blockchain. In doing so.
- 9:41This will serve as an immutable contract between negotiating
- 9:45parties. This is not crypto.
- 9:47There's a difference between crypto and the blockchain.
- 9:50The blockchain is the the best record keeping system in the
- 9:54world and what this is saying is it will be based on blockchain
- 9:57technology which will essentially eliminate the
- 10:01ability for anyone to manipulate things.
- 10:06The combination of unit type pro rata measurements, blockchain
- 10:11type security and current accounting economics is, it is
- 10:14believed, will serve to solidify the nascent currencies
- 10:18denomination, reliability and value.
- 10:21Here's the problem for the G7. That would be us here in the
- 10:25United States. Before we get to that problem, I
- 10:27want to step back. Wow, guys, 300 people on a live
- 10:30stream on different platforms. Thank you.
- 10:33I just got so excited about this idea and we've talked about it
- 10:38before, but I thought Vince really provided a lot more
- 10:41detail about the fact that it's it's like inevitable.
- 10:45The world is going to force Mother Nature is going to force
- 10:48the United States back onto the gold and silver standard.
- 10:51Let's run out to pin back since we're live and check on the gold
- 10:54and silver. What up $0.19?
- 10:57That can't be right. Let's press the magic button
- 11:00here and see where we wow, it went up 10 more times.
- 11:05Gold is up $1.90. Silver only down $0.43.
- 11:09What had been looking like a really bad day for the metals is
- 11:11shaping up. Hey, thank you to Pimbex for
- 11:13making this live stream video possible.
- 11:15If you want to get your hands on some silver, gold or platinum
- 11:17group metals, do yourself a favor, check out Pimbex.
- 11:22They've got gold, silver, platinum.
- 11:23They've got the best prices, great service and free shipping
- 11:27on orders $299 and higher. All right, guys, let's get back
- 11:31to this article and talk about what else what what's the
- 11:37problem for us? The G7, it's believed that the
- 11:41West central banks will need to have bricks currency exposure in
- 11:45their reserve to better hedge their own economic risk.
- 11:48Failing literally to have that bricks currency, the G7 central
- 11:52banks and sovereign wealth funds will simply continue to
- 11:55accumulate the assets. So if they're not going to buy
- 11:59into the brick system, they're going to need to buy the assets
- 12:03gold, silver etcetera that are deemed important or hard to get
- 12:07on demand like gold and silver within the store of value of
- 12:11basket the bricks created. In other words, they will simply
- 12:15reverse engineer the basket and buy the parts needed.
- 12:20Meaning, right, that if the BRICS countries are using gold
- 12:24and silver, we're going to be forced to use gold and silver.
- 12:28We in the last thing will do is admit that we're back on the
- 12:31gold standard, but the United States will be forced to buy
- 12:34gold and standard gold and silver if they want to play ball
- 12:38with the rest of the world. Remember, like my example
- 12:42earlier, right? If you got 10 people on an
- 12:44island and two of them have coconuts and eight of them have
- 12:48fish, and the people that have fish don't really want the
- 12:50coconuts, then the people that got the coconuts got to get some
- 12:53fish, right? I know a very simple example,
- 12:58but I think it really does apply here.
- 13:00The bricks challenge to to dollar hegemony for over a
- 13:05decade these these discussions have simmered about moving away
- 13:08from the US dollar recently these ideas have taken a more
- 13:11concrete shape driven by the BRICS nations which are
- 13:14positioning themselves to counterbalance western
- 13:17influence. All right last part here the
- 13:22three phase plan OK the BRICS is advancing a three-step plan to
- 13:28establish a new international currency.
- 13:30This includes adopting the gold standard, creating a unified
- 13:35payment system with advanced technologies.
- 13:38We talked about that earlier, right, Based upon the the
- 13:41blockchain and promoting central bank digital currencies.
- 13:45We may not like it, but that's going to play a role in this
- 13:48future monetary system. This initiative of this is blew
- 13:53me away the hold on one side. The initiative aims to reshape
- 13:56the global economy, challenging the dominance of the US dollar
- 14:00established since the Bretton Woods Conference.
- 14:02The Bretton Woods Conference was that 1944 conference when the
- 14:05United States basically told the world, hey, guys, guess what, We
- 14:08got all the gold. We rule the world, so
- 14:11everybody's going to base their currency off the US dollar, and
- 14:14the US dollar will be based on gold.
- 14:16That worked really well from 1944 through 1971 when President
- 14:20Nixon temporarily, remember, temporarily took us off the gold
- 14:25standard. And isn't it ironic that now the
- 14:27world is coming back to the United States and saying guess
- 14:30what, fellas, if you want to play ball with us, you need to
- 14:34have gold. OK, This I think says a lot.
- 14:39The BRICS nations have been increasing their gold reserves,
- 14:44now totaling 6.3000 tons. How does that compare the BRICS
- 14:49nations as a whole, 6.3000 tons to what the United States has?
- 14:54Well, we supposedly have 8000 tons in Fort Knox in Kentucky.
- 15:01I believe it is. So guys, they're not that far
- 15:04behind us as the world's largest.
- 15:05And they've been buying gold and they continue to buy more gold
- 15:09since 2022. Their their actions signal a
- 15:14clear intention to develop a new global currency.
- 15:19Why else would they be buying all the gold?
- 15:22OK, here, let's just read this. The the success of this new new
- 15:26currency will hinge on the economic and demographic
- 15:29strengths in the BRICS countries.
- 15:31Together they account for 29.5 trillion or roughly 30% of
- 15:36global GDP. I'd say that's significant.
- 15:39And a population of 3.5 billion people, that would be about 10
- 15:45times the size of the United States, providing a strong
- 15:49foundation for the currency's circulation, the end of dollar
- 15:54dependency to achieve financial independence from Western
- 15:57systems. They're the bricks are
- 15:59developing their own payment systems.
- 16:01We've talked about that. OK, China leads the way with the
- 16:06digital currency implementation. The PBOC already has a big CBDC
- 16:12project. Russia also is is is
- 16:16implementing a big CBDC project. Beijing is expanding its
- 16:20cross-border CBDC project with the M bridge system that's
- 16:25getting a lot of a lot of notice lately that involves Hong Kong,
- 16:30Thailand, the United Arab Emirates, and 25 other observing
- 16:34countries. If you want to learn more and
- 16:36there's more to this article, I'm going to click on this as
- 16:38Vince's sub stack. It's gold fix, VBL gold fix at
- 16:44substack.com. Thank you, Vince, for that
- 16:47unbelievable insight. More detail.
- 16:51We've been talking about this guy's in the basement forever
- 16:55and you, maybe you don't agree with it, but I firmly believe
- 16:59that we are moving back to a gold standard.
- 17:03Look, and you got to realize that is not what our our federal
- 17:08government wants is what they wanted in 1944.
- 17:10And it worked great, right? We had some, I mean, the 40s,
- 17:13the 50s, the 60s, I think we're pretty good years economically.
- 17:18We had spent multiple decades, maybe even over a century on the
- 17:23gold standard in this country when we achieved more as a
- 17:26country than any other country had ever achieved throughout
- 17:29history. So this move, it's like a
- 17:32natural law, right? It's like gravity.
- 17:36It's like Mother Nature. It's like free market is really
- 17:40what it is. It's market forces forcing,
- 17:44forcing the world right back on to a gold standard.
- 17:48I mean, again, right, If you have something like we have
- 17:52paper dollars and if the world is saying, sorry United States,
- 17:57we don't want your paper dollars anymore and they are saying
- 18:01that, think about that. They are definitely telling us
- 18:05that right now. And on top of that, what are
- 18:09they doing? What are their other actions?
- 18:12The world central banks are accumulating massive, massive
- 18:15amounts of gold. That's what I see coming, guys.
- 18:18Hey, thank you channel sponsor first mining gold and Fortuna
- 18:22mining. And of course, guys, if you want
- 18:24to check out some great deals on silver and gold, go check out
- 18:28Pimbex Pi MB EXI. Just wanted to hop on say hello.
- 18:32It's becoming like so clear to me when I look at the big moving
- 18:38picture going on out there in the world right now when it
- 18:42comes to silver and gold and real money.
- 18:46Don't forget, right, President G President Putin, the last time
- 18:50they were together, they always have this thing that they say to
- 18:53each other, which is, hey, the world is changing like no other
- 18:57time in history. And we are at the forefront of
- 19:01this change. It's going to be a crazy, crazy
- 19:05coming six months. OK.
- 19:08We're going to be all buckled up, right?
- 19:10The feathers will be flying, but we'll be here and we'll get
- 19:13through it all together. Hey, thank you, guys.
- 19:16Yeah. That that bear blind.
- 19:18Great. Nate says the that bear's
- 19:20blindfold is coming off soon. Hello, Annie Oakley.
- 19:23Good to see you. Hey, thank you to Annie.
- 19:25I think Jake's here as well. Thank you to the moderators.
- 19:29I know Susie's over at her mom's house.
- 19:32I don't know if Big Tim, the Silvershire's here.
- 19:35Got anything you guys want to talk about?
- 19:36I'll stick around for a few minutes here and check the check
- 19:40the chat. Let me see what's going on, then
- 19:42I'll come down. If you have any questions or or
- 19:44anything you guys want to chat about, leave it in the chat.
- 19:49Jake says it'll take about 8 to 10 years to get the gold out of
- 19:52the Grand Canyon. What about all the protests and
- 19:54judges blocking the mining? Yeah, I don't know a lot about
- 19:58that. I know that there are some
- 19:59people that say there's an unbelievable amount of gold in
- 20:03the Grand Canyon. I don't know.
- 20:05I have no idea. And I actually tried to research
- 20:09that at some point like a year or six months ago, and I
- 20:12couldn't find a lot, which maybe means there is a lot of gold in
- 20:15the Grand Canyon, right? You would think that if it is
- 20:18the case, they wouldn't be advertising it.
- 20:21What about the trade for gold to silver?
- 20:24Oh, hey, Jake. Jake.
- 20:25Yeah. OK.
- 20:26Yeah, Jake subscribes to the premium gold fix.
- 20:29Yeah, that's Lancey. Lancey.
- 20:31I always pronounce it wrong, but just I think one of the real
- 20:35leaders in the in the in the industry, Bix Weir, I think.
- 20:41Yeah, Bix, I believe I'm I could be wrong.
- 20:44Was one of the people that said that there was.
- 20:47Hey, thank you, Carl. Wow.
- 20:49I'm glad you've been here, Ron. Listen to Bix Weir.
- 20:51Yeah, I'll have to. If anybody has a Bix Weir video
- 20:55where he talks about that, e-mail it to me 'cause I've
- 20:58looked and looked and I've and I've heard that Bix was the
- 21:01person who was talking about the potential or, I don't know,
- 21:04maybe he believes for sure that there's a ton of gold in the
- 21:08Grand Canyon. OK, Hi, everyone.
- 21:12Better late than never. Hello.
- 21:13CT 87. Yeah, we haven't done this for a
- 21:16while. Hey, guys, I tell you what,
- 21:18Let's have let's have a little bit of fun, huh?
- 21:20Tell me where you're joining me from.
- 21:22I love to see if I can keep up with the chat and the different
- 21:25cities from which everybody's joining right now.
- 21:29Bigger case for our favorite silver.
- 21:31Yeah. I mean, God, it's unbelievable.
- 21:35Sorry, I took the Lord's name in vain there.
- 21:37But I mean, it's unbelievable that that it it it gold.
- 21:41The prospects for gold are great.
- 21:43The prospects for silver are really, really unbelievable.
- 21:47And gold and chocolate mountain. Detroit, Connecticut.
- 21:50Wow. Read gold Warriors.
- 21:53Ron. OK, I'll have to read that up.
- 21:54Washington, Shnumanu Manoush Shnu manoush.
- 21:59Bostonia, Oklahoma, McKinney, TX man, they're going too quick.
- 22:05Detroit, Connecticut. Wow.
- 22:09Thank you guys, man. Thanks for joining us, Scotland.
- 22:12Hey. Awesome.
- 22:13Hurricane. Yeah, Jake's in Hurricane Hope.
- 22:15Jake's safe down there in Texas. I know you had to help out his
- 22:19kids the other day outside of Minneapolis.
- 22:21Big J, good to see you. All right, guys, I'm going to
- 22:25sign off Roselle, IL, a suburb of Chicago.
- 22:29I'm a De Paul University graduate.
- 22:31I remember Roselle, Idaho. New Orleans.
- 22:34Hello, Debbie. Hello.
- 22:35Hey, Abram. Good to see you, bud.
- 22:37Long time no see. Chocolate Mountain has gold
- 22:41locked up in the ground, too. Interesting.
- 22:44I'd never heard of Chocolate Mountain.
- 22:46I'll have to check that one out. So, Lexington, AL, we go to Gulf
- 22:52Shores every year. All right, guys, Thanks for
- 22:55being here. OK.
- 22:56Should be back on tomorrow. I'll talk to you soon.
- 22:59Thank you. Be good to yourself.
- 23:00Enjoy the rest of your Friday.