Gold Switzerland by Matterhorn Asset Management, Released on 8/30/23 (Recorded on 7/26/23)

*Recorded at the Rick Rule Precious Metals Symposium on July 23-27, 2023

Matterhorn Asset Management partner, Matthew Piepenburg, sits down with Rick Rule and Jim Rickards at the recent Rick Rule Precious Metals Symposium to discuss the future of the USD, the rising BRICS tide and the Realpolitik of any realistic (i.e., immediate) gold-backed BRICS trade currency. Each of the trio share their views on the de-dollarization trend, with Piepenburg and Rule taking a far less optimistic view of any immediate gold-backed trading currency emerging among the BRICS nations in 2023. Toward this end, Piepenburg argues that not even BRICS nations are ready to limit themselves or their financial powers to a gold-backed trading currency; and certainly not to a gold-backed sovereign currency. That said, all agree that the weaponized USD is losing trust and that the UST is losing demand as a post-sanction world moves further and further away from Dollar-based trade agreements. For Piepenburg, the end-game is clear. Debt drives policy and debt drives current market directions. This debt will not and cannot be sustained by GDP growth or tax revenues, which means ultimately money printers will continue to de-value that world reserve currency, and hence devalue the once hegemonic respect for the US holder of that currency. All agree that gold’s role in protecting investors from this increasingly beleaguered, self-destructive, debased and less popular US currency is becoming increasingly clear.

Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the founder of Rule Investment Media.

Matthew Piepenburg began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001. Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley’s hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the best protection against potential systemic risk led Matt to join Matterhorn Asset Management. Read Piepenburg’s writings here: https://goldswitzerland.com/author/ma…

  banking, CBDC, gold