I reckon that the answer
So basically is that you will see a collapse of currencies and what that
means is that the purchasing power of gold measured in Commodities.
and measured in real assets like houses or agricultural land.
and so on and so forth, that will go through the roof.
I mean the purchasing power of gold will go through the roof.
The way I look at it is that the situation I have described is one
where I fit currencies and everything in fit currency is basically get
destroyed.
So what you need to do is to get out of it,, see Financial assets will
Financial assets can be priced in and what I do is I just hold onto
gold, and silver, physical gold, and silver.
I'm not interested in seeing, accumulating in fit, currencies know.
I just put it all into physical gold and silver.
So that's my approach to it.
What I've described I think, in terms of the relationship between
Financial assets and the purchasing power of currencies is if you like
a temporary effects know, I think it would be speculative to assume
that that's going to happen.
I mean, I can say I think that is what is likely to have.
But to actually back it with you if you like a financial strategy when
actually what you can do is just buy gold as his own physical coat and
then you come back as a later stage and you will be able to pick up
things on.
This is why I know I've said this on, on your show in 1923.
I mean, you know, you could have bought a six-bedroom house in a
Swanky, Paws in Berlin for
Look up your ass.
I see the last of it because the 1970s we had lost, inflation.
The whole thing was pretty nasty.
But with things happen, it didn't get to sort of the situation where
we are today.
The situation today is very very different because they've distorted
the market so much.
I mean, just just look at the rate of inflation, but we're getting
pretty close to where we were in the seventies, but nobody will admit
to it different situation.
In that sense.
I think what happens is that, you know, that instead of facing
sticking out like that, you know, we got the sort of thing.
It's going to be like that and then find something.
It's just going to be a realization.
I reckon that the answer basically is that you will see a collapse of
currency is and what that means.
Is that the purchasing power of gold.
Message in Commodities on Michigan.
Real estate flag like houses on agricultural land.
That will go through the roof.
I mean, the touching part of gold will go through the roof.
What I said was go buy anything you want.
As long as you go physical gold, you'll be able to buy anything you
want. So I mean, if it is quite possible this at the time, the cost of
texting, the house in local currency.
I do know.
Let's say something like 2 trillion marks.
Yes. Without understanding what exactly happened first in power of the mob,
you probably, it's going out from say originally, it might have been
something like a million bucks to our trademarks.
You very well know, we'd have some because the monks come back you
need to have the money at the future know.
The reason this is ready becomes relevant is
There is only one thing central banks can do in such a collapse and
that is to turn that gold reserves into backing for that currency and
it's going to be credible.
Backing problem Festival Central Bankers have to ditch Keynesian
economics.
They have to go back to what?
We Michael kasko, Mika, nomics.
I would say more.
If you like no drag from Macy's, Fashion of Austrian economics,
economics.
Really?
You need to go back to some fundamentals about money as for express by
ludvig Von mises, does it how long will it take to central banks to
realize that this is what they got to do the other thing, but now I
can see I can see.
The feds or wakes up to do my goodness me we going to do something and we die.
We go to back all done with gold.
Otherwise, it's going to be completely worthless.
You've been going to the intelligence community and hold on a minute.
If we do this because we know I mean it's not official but we know
that China is called twenty thirty thousand tons of gold and rushes
go, another, ten thousand, whatever it is, off balance sheet.
These guys are going to get bloody rich on the back of all crisis.
We compost to be.
Go back to a goes dun.
It says it's going to be a big argument.
If you like between the geopolitical planets in the money planners
before something, as simple as that, what level does this happen?
I would have thought that the exchange rate swear by it would be fixed
and I am assuming incidentally, this at least some of the 8133, Tums
the treasury US Treasury.
Is actually that I think we're probably looking at a figure of around
a box somewhere in excess of a credible exchange rate.
Once we get through the collapse of the of the system, when you get to
that sort of level, then things changed if it is credible and that is
a condition, which I think is important to understand if the dollar is
credibly backed by gold at that stage, then that's the time when you
stop spending your gold.
And what you do is you by things you buy assets, you buy property, you
buy, brunch is whatever you buy businesses.
I mean, that bass's the time when you stop spending your money, so
that's if you like the game plan.
I would say.