I think Ed Dowd is wrong on this one. And they will never go back to a gold backed currency if they can help it. They are trying to play games with crypto now and I don’t see that working either.
Agree, however, the world’s Central Banks are buying Gold in historic amounts.
A return to a full, Gold redeemable currency is not going to happen, but Gold will have a role in backing paper and digital currencies.
Pull up Judy Shelton’s interviews about creating 50 and 100 year fully redeemable Gold Treasury Bonds, in July 2026.
“ Judy Lynn Shelton is a former American economic advisor to President Donald Trump in his first term. She is known for her advocacy for a return to the gold standard and for her criticisms of the Federal Reserve…”
Note BIS (the world’s International Bank) has now made physical Gold a “Tier One Asset”, effective July this year.
Could be. But most all have missed this Bill introduced to Congress to FORCE a Gold audit. Very little mentioned about this from MSM, it should have made headlines.
H.R.3795 - Gold Reserve Transparency Act of 2025
“To provide for the first true audit of gold owned by the United States in more than 65 years and to conduct subsequent audits every 5 years.”
https://www.congress.gov/bill/119th-congress/house-bill/3795/text
Why? CONTROL!
With 'digital currency', if you go against the gunmint's POV, with a couple of keystrokes, you cannot transact ANY purchases. Suddenly, you can't pay your mortgage or rent, you can't put gas in your car and, you can't even BUY FOOD!
The perfect control mechanism for an authoritarian regime, like Marx Carnage and the Euroweenies want. Unfortunately, many US pols also salivate for such control!