A New Gold Standard is Coming, Brace for ‘Monetary Reset’ – Jan Nieuwenhuijs
- Kitco NEWS
Excessive monetary stimulus, a by-product of an “undisciplined” fiat money system, will create problems for our economy as well as financial distortions, and the long-term solution is to move away from this system and re-adopt a gold standard, said Jan Nieuwenhuijs, gold analyst at The Gold Observer. “There are a lot of financial bubbles, there are excessive debt levels, inequality is rising, you’ve got moral hazards, all these side effects of a fiat money standard are not really what we want, and eventually we get a lot of monetary instability and I think then at that point we have to get back to a gold standard,” Nieuwenhuijs told Kitco News.
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0:00 – Why a gold standard is needed
2:53 – How to transition to a gold standard
5:08 – Structures of a gold standard
6:40 – Race to the bottom with currencies
8:16 – Digital euro
9:35 – $10,000 gold target
10:55 – Monetary reset
11:54 – Silver supply and demand analysis is useless
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