3min chapter

Mining Stock Education cover image

Banking Crisis Root Cause Explained by Austrian Economist Keith Weiner

Mining Stock Education

CHAPTER

Why Is It Gold Keep It?

We have very large non monetary forces driving prices up. So we have trade wars and tariffs. You have green energy restrictions in Canada. Ukraine took a lot of production offline. And so why would you expect gold to respond to those things? Why is the price of gold going up now? Well, it's because let's counterparty risk issue. But if you own a bar of gold, there's no other party that is a default, he loses everything. If you have a banking system deposit, it's only as good as the bank behind it. And so yeah, people are buying gold. I think is it every day since the other bank, was there one down there, I

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