Description
They Are All Sinking: https://web.archive.org/web/20070528021401/http://www.forsoundmoney.com/2006/12/18/they-are-all-sinking/
Chancery Royalty: https://www.chanceryroyalty.com/chancery-royalty-equity-raise?SQF_LEAD_SOURCE=mco-a
Almost 20 years ago, on December 18, 2006, I published an article entitled "They Are All Sinking" on my old blog, ForSoundMoney.com.
At the time, I was still working in the government bond markets and warning that the problem wasn't simply the US dollar. It was the entire global fiat monetary system.
In this video, I revisit that original article, examine the history of Bretton Woods and the closing of the gold window in 1971, and compare the performance of gold and the US Dollar Index over the past two decades.
With gold having risen from around $620 an ounce in December 2006 to approximately $4,000 today, has anything fundamentally changed?
My message remains the same: Gold and silver are not a sprint to make fiat currency profits. They're a marathon to preserve wealth and purchasing power for future generations.
Original article (December 18, 2006):
https://web.archive.org/web/20070602144358/http://www.forsoundmoney.com/2006/12/18/they-are-all-sinking/
This video is sponsored by Chancery Royalty. I am a director of the company.
#Gold #Silver #FiatCurrency #SoundMoney #GoldStandard #MonetarySystem #DollarCollapse #BrettonWoods #WealthPreservation #maneco64
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This video is for informational purposes only and should not be considered financial advice.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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Video chapters
Chapters
Copy
00:00 – I Warned About Fiat Money 20 Years Ago
01:03 – Gold and Silver: A Marathon, Not a Sprint
01:49 – My Journey in Precious Metals and Mining
03:15 – A Message from Chancery Royalty
04:20 – Revisiting My December 2006 Warning
05:25 – Why All Fiat Currencies Are Sinking
05:45 – Bretton Woods and the Dollar-Based System
07:03 – How Government Spending Undermined Gold
08:07 – Nixon Closes the Gold Window in 1971
09:57 – The Great Currency Debasement
10:14 – How High Interest Rates Saved the Dollar in 1980
11:04 – Gold's Performance Against Major Currencies
12:28 – My Original Conclusion: Let Interest Rates Rise
13:48 – Why the Dollar Index Is Misleading
15:47 – Gold's Rise Since My 2006 Article
16:30 – Why the Fiat Currency Problem Is Getting Worse
17:46 – Preserving Wealth for the Long Term