The Jordan Harbinger Show 1038: Gold | Skeptical Sunday
Aug 25, 2024
Join comedian and podcaster Michael Regilio as he uncovers the glittering yet deceptive world of gold. They discuss the historical significance of the gold standard and its eventual demise. Regilio highlights how scams target vulnerable groups using fears of economic instability. He humorously recounts personal stories that showcase gold's allure, while debunking misconceptions around gold investments. The conversation emphasizes the importance of skepticism and informed decision-making in today's complex financial landscape.
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Olympic Dreams
- Michael Regilio wanted an Olympic gold medal as a child.
- However, watching the Olympics isn't an Olympic sport.
Gold Hoarding
- People hoard gold, which has historically been a problem for economies.
- This "bullion famine" affected economies in the Middle Ages and continues to impact markets.
Executive Order 6102
- President Roosevelt's Executive Order 6102 forbade gold hoarding in 1933.
- Americans had to surrender their gold to the government, allowing increased money printing during the Great Depression.