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Rebel Capitalist News

News: New Law Would Take GOLD To $354,369.03 Per Ounce

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 10 April 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitalists hope you're well and if you own gold you're doing very very well right now

0:08.0

Let me tell you why some congressmen have just introduced a bill to reinstate the gold standard right here in the United States.

0:18.8

Let's go right over to an article from Yahoo.

0:21.8

And let's check this out. Then we're going to do the math on how much gold would be worth her ounce. So let's get right into it. Three congressmen introduced gold standard bill to stabilize the

0:34.3

dollars value. Yeah that would stabilize the dollars value and that would make

0:40.3

the price of gold go to over 350,000 dollars per house.

0:50.0

I had to just look at the number here on the whiteboard. And again, we're going to do the math here for you in just a moment.

0:55.3

As America faces twin threats of inflation, bank failures, three US congressmen

1:00.9

introduce a pivotal sound money bill that would enable the Federal

1:05.4

Reserve note dollar to regain stable footing for the first time more of a

1:09.4

century. Their words not mine. And I think the idea behind this bill is fantastic. I don't think these

1:15.1

guys know anything about the monetary system. In fact, I know they don't because I read their

1:20.5

statements and they're pretty clueless. But you know on net balance I think this is a good thing it

1:26.0

definitely gets people talking about it. So this is the gold standard Restoration Act and they are trying to facilitate the repagging of the volatile

1:37.4

Federal Reserve note i.e dollar to a fixed weight of gold bullion.

1:42.6

And I mean, it's pretty straightforward,

1:44.4

basically just taking the United States back to the gold standard.

1:47.9

They say monetary experts have noted a return to the gold standard

1:51.0

would substantially curtail the economic damage caused by inflation.

1:54.3

Runaway federal debt and monetary system instability.

1:58.4

Again, I don't want to get into the weeds here.

2:00.0

There's some points where I definitely disagree with these guys. I don't think they really

...

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