Liberty and Finance, Released on 12/16/24

David Morgan speculates that the Federal Reserve may eventually consider integrating gold into a new monetary system, especially as a backup if the global adoption of central bank digital currencies (CBDCs) faces resistance. He suggests that while CBDCs could be the primary currency of the future, central banks, like those in China and India, are accumulating gold as a form of “plan B.” This gold could be used as a reserve to stabilize the financial system if digital currencies fail to gain sufficient trust or adoption. Morgan believes that gold could serve as a “carrot” to encourage compliance with the new system, possibly leading to a CBDC linked to gold. This theory aligns with a broader trend where nations, despite pursuing fiat-based digital currencies, are hedging their bets with gold to maintain monetary stability.

0:00 Intro
1:30 Digital Rupee
5:39 India’s & China’s gold purchases
9:55 Gold & CBDCs
14:51 Gold & silver markets
16:13 Platinum & palladium markets
21:35 Fed meeting
24:56 Weekly specials

David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.

  gold, investing, precious metals, silver