Liberty and Finance, Released on 5/22/23
If the BRICS nations back their new reserve currency in part or whole in gold, then the US could move to confiscate the yellow metal to protect the dollar. Under the guise of “patriotism” or payment security, gold ownership could once again become illegal, says Doomberg, the #1 substack financial contributor. Silver, however, since it is an industrial metal, is less likely to be confiscated.
1:51 Crypto regulation
5:20 Gold confiscation
14:30 Silver confiscation?
16:30 Debt ceiling
19:28 Debt issue
24:20 What is gold?
Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity and finance to deliver innovative thinking and clarity to complex problems. Doomberg on Substack: https://doomberg.substack.com.