I watched that video and still don’t know what the heck it is all about.
He didn’t provide any examples.
So if the Central Banks set the price of gold at $10,000/oz. what does that mean for us? Does the price of eggs go to $100/dozen? Does the average house price go to $5,000,000?
How much is an ounce of gold today?
Now consider what happens when a country revalues their gold to say, $10,000 an ounce?
Gold becomes wildly inflated to pay a nations debt. If you are hold an ounce of gold, what does that mean for you?
We chatter about going off fiat currency and back to a gold standard.