3 Billionaires Clash on Demise of the Dollar but Agree It’s Going to Get Ugly Fast

In a panel discussion with executive co-chairman and founder of Ivanhoe Mines Robert Friedland, President and CEO of the Fiore Group Frank Giustra, and mining industry veteran Pierre Lassonde, our Daniela Cambone discusses the significance of central banks accumulating gold, the imminent threat of central bank digital currencies ("CBDCs"), the state of the mining industry, and inflation. Frank acknowledges that the global monetary system could be completely reshaped moving forward and that gold “will play a role.” Pierre echoes that sentiment, adding that, “We have a very high probability of an alternative currency to the dollar." Plus, Frank warns that the rollout of a universal CBDC means “a loss of freedom.” Finally, Robert predicts inflation to stay at 4% in the next five years and eventually go even higher as oil prices keep rising. “The Fed’s in the box because if they keep raising interest rates, they’re going to dive the economy … The real interest’s gonna increase and this favors gold.”

#gold #mining #investing #inflation #cbdc #federalreserve

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Chapters:
00:00 The performance of gold
6:11 China’s master plan with gold purchase
14:31 How will the U.S. prepare for the new order?
15:39 De-throne of U.S. dollars
18:28 CBDCs
26:46 The state of mining
32:48 Oil
35:12 Is high inflation here to stay?
36:25 What will the Fed do next?
38:19 Concluding words

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