Peter Boehringer, co-founder of DEG talks to James Turk about gold, why it makes the best money and the dangers of fiat currency. He calls for currency competition and the abolition of legal tender laws.
They talk about gold’s value and the physical reasons why it has been chosen, out of all physical elements, as money through the ages.
They discuss the importance of money to society as an unit of account, store of value and medium of exchange.How gold fulfills those roles. Peter Boehringer’s equation to value gold and the dangers of confidence in the dollar vanishing.
Also, they talk about monetary history and modern day implications. Is what happened in Zimbabwe recently or in Weimar Germany in the 1920’s impossible in the US? At what stage are we in now, in 2011?
At the end they discuss the silver markets and how the long term suppression of silver prices is ending. The video was recorded on 29 April 2011 in Munich Germany.