How to Protect & Grow Your Wealth with Underground Gold with Expert Josh Saul
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 20 October 2023
⏱️ 65 minutes
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Summary
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| 0:00.0 | You can leverage gold, and banks do do that. They can lend based on a loan to value of that physical gold. |
| 0:06.4 | The normal debt to credit markets work in a far more arbitrary way. |
| 0:10.1 | One pound of a customer's deposit is able to fund 5 pounds of credit but it's just |
| 0:15.5 | being created out nowhere it's not real. |
| 0:18.3 | Josh we're nearly a thousand episodes in and for quite a few years now I've wanted to talk to someone specifically |
| 0:26.4 | about gold. So this is serendipity that this has happened because in my research for the money matrix, |
| 0:38.0 | Fiat currency looks like, I think it's gone down by about 85% in value, so it's worth one seventh of what it was in 71. |
| 0:46.0 | But gold is something like over a thousand percent worth more than in 1971, |
| 0:52.0 | and obviously that started because we came off the gold standard. |
| 0:55.0 | So what are your thoughts on the value of fiat currency |
| 0:58.2 | and do you think it's a bit of a Ponzi scheme and |
| 1:01.2 | do you think it's going to continue to go down? |
| 1:03.0 | Why has gold been so strong and why has currency been so weak? |
| 1:06.0 | It's a good question. |
| 1:08.0 | It's a big one. |
| 1:09.0 | Yeah, it requires probably a very detailed long answer. |
| 1:12.0 | Let's do it. I will try not to bore everyone to death. |
| 1:15.6 | But my general opinion is we are living in a fraught world and a scary world and inflation is at the highest it's been |
| 1:26.6 | relative to people's net worth is the highest it's ever been and inflation is it's eroding people's wealth, but it's pushing people to make decisions |
| 1:41.0 | for the purpose of being proactive within their investments. |
| 1:44.0 | And, you know, smart investors will, they'll wait for smart risks, calculated risks. |
| 1:51.0 | Other investors, you know, they want to be seen to be proactive and for the |
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