Dan Oliver is a Director, Committee for Monetary Research and Education, one of the oldest and most respected organizations focused on our monetary system. Some of the issues discussed were:
1. Why has gold, when it was available, been the free-market preference for money worldwide for thousands of years?
2. If gold is the preferred money, how come no country in the world uses it as money?
3. Why does gold always move from spenders to savers, e.g., from the US to China?
4. Goldsmiths/(banks) always issue more receipts for gold for which they do not have gold, sending all prices but gold higher. Reverse happens when the system collapses.
5. Why, during a credit bubble, is gold always undervalued as compared to industrial commodities? What is the effect on gold producers?
6. Why do politicians get corrupted by the bankers?
7. Talk to how this plays out, especially the forcing abrogation of liberty
8. What are the prospects for the relative valuation for gold and gold producers? What has to happen for these prospects to be realized?
9. Where we are now: the money printed since 2008 is still mostly fallow, sitting in cash accounts.
10. Can inflation occur in a stagnant economy or only when the economy “heats up”?