GoldSeek Radio: Fiat Currencies and the Race to the Bottom
Last week, GoldSeek Radio’s Chris Waltzek had a lengthy conversation with Peter Schiff about precious metals and the future of fiat currencies. Dedicated gold bugs will appreciate Peter and Chris delving into some more technical points, but the fundamentals remain the same: invest in something central banks can’t manipulate!
That’s going to be the wave of the future: it’s figuring out what to replace the dollar with. Is it going to be just gold? Is it going to be…some other currency that is backed by gold? I don’t think just a fiat currency like the dollar – a piece of paper backed by nothing – is necessarily going to replace the dollar. I think that if a currency is going to take that position, it is going to have to offer something in the way of real backing.”
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