AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Lessons from the Soviet Union and the Flight to Safety | Simon Mikhailovich
Hidden Forces
The Value of Independence
Gold is independent from the financial tem and for a sovereign to have reserves denominated in te currency that is dependent on other sovereigns poses problems. So why are they accumulating and using gold reserves as a tool to gain independence? Because the united states has used financial system as a pressure point against them. People take safety in financial affairs, perhaps, for granted. They take promises made to them for granted. In an environment where old bets are off, what is out there that is universal, valuable, negotiable What is it? I mean, silver, definitely silver. But silver is much less valuable than gold. You really physically need a major amount of silver, even for a fairly small
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode