If Gold Is Not Money Why Are Central Banks Buying? Silver Summit 'Best Of' Panel

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Silver, gold, investing, stocks, deflation, inflation, Mike Maloney, conference, debt collapse, hidden secrets of money, precious metals, bullion, finance, financial eduacation.

[commonsmike]

So I've been watching these videos for a few months and learned a lot. Am I wrong in coming to the conclusion that the main reason to invest in precious metals is to preserve your wealth/purchasing power for when the dollar collapses and a new monetary system is created and hopefully backed by gold correct?

[jamesbond]

Mike is looking at the last guy speaking and thinking, "WTF is he smoking?!"

[DuncanL]

C'mon now Mike, we all know the answer to this...tradition.

[hagbard]

Why has Canada sold all the gold reserves?

[NatureHacker]

Wrong question: If central banks are hoarding gold (CBGA) doesn't that mean its price is bieng fixed? That is the right question.

[Gyva]

They keep the price low with their fake eft paper silver shorts and then buy up the real physical at a bargain price... Keep stacking people...

[democracyrules]

Gold and Silver are not money. They are Assets. Both prices are manipulated. I see Silver to be more valuable.

[kmoney]

I dunno but when all money becomes Electronic, then how can it be backed by gold and silver etc., because then it's just numbers and the masters controls the numbers?

[camobuff]

Yesterday Fed meeting said they cutting their rate forecast form 4 rates to 2 rate hikes, sending the dollar plummeting.

[luffebassen]

LOL to the very last statement! What a mouthpeace!

[bankstagangsta]

All money is debt; which means that every form of money needs a collateral. Many people want gold to be the US Dollar's collateral, but if gold is money then, what is going to be gold's collateral? Silver? Copper? Full faith and credit of the bankers?

[Henry-fvbc]

Mike I have three questions:

1. You say that fractional-reserve lending creates currency exponentially, but how come this expansion in currency doesn't slow down when people start paying their loans back, cancelling out the newly created money? How does this effect not cancel it out?

2. What does the Federal Reserve do with money that the treasury pays on the bonds (principal + interest)?

3. The US Constitution only imposes the "gold and silver legal tender" restriction on the states as far as I can understand, how does this apply to the federal government?

[kkkevv]

i never get youtube updates for goldsilver updates... is it just me.? not even for other related content as much as i should

[jmcarp]

If you dont own gold in your portfolio you are a complete fool:) Janet just needs to ban cash, go negative, and launch QE 5. That will for sure fix everything. They are so brilliant!

[Tai]

is this the same jeff christian that said pm are traded 100 times the underlying physical

[wizlie]

eerr this isss jim rickardsss argument...

[kevocos]

These videos are nothing more info-mercial.
Has anyone increased their wealth by heeding this bullshit? Of course not.