16min chapter

Stansberry Investor Hour cover image

Honest Money: The Power of Gold in Monetary Systems

Stansberry Investor Hour

CHAPTER

The Role of Gold in the Banking System Today

The speakers discuss the role of gold in the banking system today, highlighting that there is no redemption as no bank deposit is a gold deposit. They share experiences of individuals who worked at the Federal Reserve, who stated that gold was never a consideration. They also touch on the devaluation of currencies against the US dollar and how gold remains strong.

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