Will CBDC Succeed or Will it Ultimately Fail? What Happens To Gold?

Peter St Onge, a Ph.D. economist and professor, joins the show to discuss the possibility of a gold-backed digital currency emerging from a Texas legislator and whether it would be implemented or if the Fed would prefer a central bank digital currency (CBDC), not backed by gold. Peter also shares his opinion on other commodity-based currencies and the potential of backing a currency with gold or silver. He discusses the strategic advantage of backing a currency with gold or silver and the possibility of BRICS (Brazil, Russia, India, China, and South Africa) introducing a gold-backed currency. Peter explains how China could implement a BRICS currency separate from their own currencies and how it could be a potential threat to the US dollar. Tune in to this informative discussion on the future of currencies and the role of gold in the financial system.

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