Gold to $10,000 in The Big Reset | Willem Middelkoop
Mar 10, 2022
51:03
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Quick takeaways
The fiat money system is vulnerable due to the absence of gold backing, requiring a new anchor and debt restructuring worldwide.
Commodities like gold and silver will play a crucial role in the upcoming monetary reset, with their prices expected to rise significantly due to supply deficits.
Deep dives
The Fragility of the Fiat Money System
Willem Middlecoop, founder of the Commodity Discovery Fund, shares his views on the fiat money system and its weaknesses. He highlights the dangers of a fiat system, pointing out that over the past few hundred years, more than 100 fiat currencies have failed due to the absence of gold backing. Middlecoop explains how the system becomes stressed in times of economic crisis, causing central banks to lower interest rates towards zero. He also emphasizes the need for a new anchor for the world's monetary system and the restructuring of global debt.
The Big Reset and the Need for a New Bretton Woods Conference
Middlecoop discusses the concept of the big reset and the need for a new Bretton Woods conference in the near future. He predicts that the current monetary system will require a new anchor and debt restructuring worldwide. He suggests that a dollar devaluation, which is essentially a gold revaluation, is necessary to restore trust in the system. He also notes that the IMF and influential figures like Mark Carney have acknowledged the need for a successor to the dollar as the world's reserve currency.
The Role of Commodities in the Monetary Reset
Middlecoop emphasizes the role of commodities, particularly gold and silver, in the context of the upcoming monetary reset. He explains that in times of crisis, investors tend to flee towards hard assets that cannot be easily manipulated or printed by central banks. He highlights the scarcity of commodities like silver, platinum, palladium, and uranium, and predicts that their prices will rise significantly due to supply deficits. Middlecoop also discusses the implications of rising energy prices and the need for a diversified energy mix, including nuclear energy.
Bitcoin as a Hedge and the Possibility of a Monetary Reset
Middlecoop shares his views on Bitcoin as a form of digital gold and a hedge against the fiat money system. He believes that Bitcoin is a valuable asset for individuals and small countries, but it is unlikely to be adopted by major central banks due to its potential to undermine the current monetary system. He suggests that central banks will focus on developing their own central bank digital currencies to maintain control. However, Middlecoop predicts that as fiat currencies continue to be debased, more smart money will flow into Bitcoin, potentially driving its value to new all-time highs.
Willem Middelkoop, Founder & Chief Investment Officer of the Dutch-based Commodity Discovery Fund joins Forward Guidance to asses the macro forces driving commodity markets. What effect will war in Ukraine have on wheat, natural gas & oil prices around the globe? Willem goes on to discuss his book from 2014 titled 'The Big Reset: War on Gold and the Financial Endgame' and how current events are shaping a monetary reset.
Willem also describes the famous 1971 Nixon shock, what a gold revaluation would look like, how sanctions could effect commodity markets, the roadmap to a $1 Million Bitcoin & how investors can navigate these volatile markets.
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Willem Middelkoop on Twitter @wmiddelkoop
Jack Farley on Twitter @JackFarley96
Blockworks on Twitter @Blockworks_
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