180. Applied Anarcho-Capitalism with Doug Casey
The Bitcoin Standard Podcast
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The Future of Gold and Silver
I think we're going to see such a period of financial chaos in the future. There's going to be a panic into gold because with the exception of Bitcoin, it's the only financial asset that's not simultaneously somebody else's liability. And I think there's a good case to be made that silver has been demonetized and that gold might be on its path to demonetization as well. Back in 1870, when half the world or close to half the world was still in a silver standard, the ratio between the two, you know, one ounce of gold could buy about 14 ounces of silver. Today, the ratio is closer to 100. So, silver has gone from 14
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