Vince Lanci (VBL to the Zerohedge crowd) joins me for a lively back and forth about how the foundation of a new gold-backed settlement economy is building within the BRICS. We cover this from all angles and Vince’s insights are a real gift to the community here.
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Hi Tom, great discussion as usual. I noted your concern re the current volatility of the oil price. Alasdair McLeod shows how oil and gold have remained stable relative to each other since 1950 in his WTI Oil priced in Gold and US Dollars graph a short way into his article in the link below. In fact, it’s only after 1971 that the US Dollar becomes volatile against oil, after the gold window closed. It shows how hard assets remain stable in value relative to each other over time – how could they not. That was the key to my final understanding of gold and other hard assets in the real world. Mike Maloney, at Goldsilver.com advises you work out the value of your house in gold vs dollars – it might be going up in dollars but down in gold. Best regards Stuart
Stuart, I get the link between gold and oil. What I’m saying is that oil’s volatility has risen sharply in the last year. Gold’s hasn’t moved.
They are attacking both through this nonsense and causing the most important market in the world to be a high volatility, low trading volume environment that they control to destroy the base economy.
Who gives a fuck if what your house is worth in gold if you can’t afford the electricity to run it?
This is what I’m concerned about.. MacLeod and Maloney are too damn myopic for my taste. They only want to sell gold, not give you actionable information about what the gold price actually goddamned MEANS!
The sooner we join the BRICS the sooner we’ll get price stability.
And thanks for getting me to watch the Mandalorian – a great series
My son had been recommending it to me for a while and one of your articles last year finally persuaded me
Excellent. There is still good content being produced, they just like to “flood the zone’ with crap to discourage you.
Parts of this podcast reminded me of my Buckminster Fuller quote (which is my blog’s tag line):
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
Loved the Coyote/Roadrunner comparison and lost it over the Brits crack. No creeping around in the dark for you, Limey! 😆
Yeah, Vince is a treasure, honestly.
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