Dan Popescu: In a Crisis You Need Au

Tom welcomes Dan Popescu to the show. Dan is a consultant and independent investment analyst of the Au and silver markets.

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Dan discusses the events leading up to the Au standards failure and why that collapse had its origins shortly after World War II. The London Au Pool was created to maintain the price of the metal. This scheme failed after private banks in Zurich along with South Africa attacked the Au peg. As a result, from 1968 to 1971, there was a flood of central banks asking for their Au.

Today, central banks are buying Au and selling dollars. Some major corporations are also beginning to see the appeal of Au.

Dan explains the difficulty with assessing the quantities of central bank Au holdings since the market is quite opaque. Most investors don’t grasp the size of the Au market and its history. Moreover, many countries don’t disclose their actual Au holdings.

A return to the Au standard today would prevent inflation from taking away people’s purchasing power. This would benefit the world since prices would be more easily compared and become far more consistent.

He questions the idea of cryptocurrencies because we’ve already done the same thing with paper currencies by turning them into digital equivalents. Money has already been digital since the late 1960s. Technology doesn’t change the fundamental characteristics of sound money. The concept of bitcoin is interesting, particularly the notion of blockchain and cryptically packaging information. However, much of crypto today has become very Online Casino South Africa like and much of it now depends on stable coins. As a result, Bitcoin has become marginalized, and much of the sector has become a Ponzi scheme. Crypto will survive, but it will destination up being controlled and dominated by the state.

Countries without Au will be at a significant disadvantage in a return to the Au standard. He who has the Au will make the rules, which is why China, Russia, India, and Europe are buying. Today, the EU has more Au than the United States. Most likely, India has 50-50 more Au, albeit in private hands. Canada has a lot of Au in the ground but may not do much goodness unless it can be mined quickly.

He believes Au will reach for to six thousand before the monetary reset occurs. “Put some money into Au and pray to god that you never need it. In a crisis Au and silver are the most universal marketable item.”

Time Stamp References:
0:00 – Introduction
0:32 – Au Standard History
8:24 – Au Reserve Data
11:59 – Silver Uses & Crisis
14:49 – Benefits of a Au Std.
21:30 – Cryptocurrencies
33:44 – Au & Reset Risks
37:24 – Recent Debt Bubble
44:50 – Indicators & Inflation
56:52 – Mining Stocks Thoughts
59:22 – Wrap Up

Talking Points From This Episode
– The history of the Au standard and its inevitable return.
– Difficulty in assessing the Au markets and central bank Au holdings.
– Risks around digital currencies and why governments will dominate the space.

invitee Links:
Twitter: https://www.twitter.com/PopescuCo
LinkedIn: https://www.linkedin.com/in/popescugold/
US Debt & Au Chart: https://palisadesradio.ca/dan-popescu-in-a-crisis-you-need-Au/

Dan Popescu is an independent investment analyst and studies the Au and silver market and Au’s hereafter role in the international monetary system. He has followed, studied, traded regularly since 1970 the Au, silver, and strange exchange markets. He has a bachelor’s grade in physics (1993) from Concordia University in Montreal, Canada, and has completed the Canadian investment management certificate (1999) of the CSI.

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