Is The U.S. Dollar At Risk? - #798
THE SAVAGE NATION
Michael Savage
4.4 • 11.2K Ratings
🗓️ 12 December 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
With record government spending, is the U.S. Dollar at risk? Savage speaks with Paul Stone, co-founder and CEO of Colonial Metals Group to discuss gold, bitcoin, and the future of finance. Why is gold better than cryptocurrency? How is gold protected against economic catastrophe? How alarmed should Americans be about the influence of China? Why should everyone have gold in their portfolio? Why are gold and precious metals the ultimate holiday gift? Learn how you can protect your financial future with Colonia Metals Group!
Transcript
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| 0:00.0 | And now the world's most exciting podcast, The Savage Nation, home of borders, language, culture. |
| 0:14.6 | Here he is, Michael Savage. |
| 0:19.3 | How's the gold thing coming along? |
| 0:22.4 | Coming along well. You know, the erosion continues. |
| 0:26.3 | The erosion of what? |
| 0:28.2 | Financial principles and the buying power of the dollar. |
| 0:31.3 | Oh, yeah. And I'm a little concerned. I mean, if you want to include this in the interview, |
| 0:36.7 | I'm well, I'm perfectly happy to do it. Yeah. I'm a little concerned. I mean, if you want to include this in the interview, I'm well, I'm perfectly happy to do it. |
| 0:39.2 | Yeah. |
| 0:40.2 | I'm concerned, frankly, that Donald Trump is so deeply into cryptocurrency. |
| 0:48.2 | You have a, you don't have to comment on it. |
| 0:50.5 | I myself believe, as I have for a long time, that gold is a sovereign |
| 0:57.0 | backer of many currencies, China, Russia, for example. I don't think that they're going to |
| 1:03.1 | suddenly say gold is worthless and we're going to go to a digital currency because Elon Musk |
| 1:07.6 | and Donald Trump like it. What do you think? |
| 1:17.3 | You know, if we're talking about ways that governments can increase control over man, |
| 1:24.4 | crypto gives them the most control, but it could be, you know, a nation state like China or the bricks coming together at some point, that currency, that crypto dollar |
| 1:29.3 | could be backed by gold or backed by commodities. The only way that Bitcoin, you know, in |
| 1:36.2 | Ethereum and the coins in that general category are worth something is they're limited in supply. |
| 1:42.3 | Shares in a stock are limited in supply. The dollar is not limited |
| 1:46.0 | in supply. They issue hundreds of billions of it a week out of thin air. So gold is truly limited |
| 1:52.8 | because you can't, the computer can't make more of it, right? You have to find it. It takes a long time |
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