The Coming Paradigm Shift In Gold

This 32-minute discussion between Grant Williams and me covers my 55-year professional journey from banking in Switzerland, building and running a major UK FTSE 100 company (DIXONS), and setting up a major business in wealth preservation based on physical gold.

In the interview, I discuss with Grant that gold is nature’s money and, therefore, the only money that has ever survived in its original form. This 5,000-year record is unlikely to be broken by any new form of money, whether CBDC (Central Bank Digital Currency) or electronic money like Bitcoin.

Grant and I discuss how gold was unloved and undervalued in 2002 at $300, but even today, at $2,600, it is massively undervalued in relation to the current and coming debt explosion.

I explain why gold is going to go up by multiples. But as we both stress, gold is actually not going up, but the value of fiat money is down, as it has for millennia. 

We also discuss the fact that all the gold in the world ever produced is valued at $17 trillion, less than the top 10 US companies, and that total global central bank gold holdings are just over $3 trillion, which is the current value of Microsoft. 

Just think about that fact: all the global gold holdings of central banks, which back all the paper money in the world, are valued at the same level as Microsoft. THIS IS OBVIOUSLY ABSURD.

So is the fact that only 0.5% of global financial assets are in gold. 

Grant and I discuss why this will change, leading to gold going up by multiples. 

At the same time, I make it clear that I am no longer interested in forecasting time and price. Instead, I focus on RISK and DIRECTION.

There is a lot more valuable information in this discussion between Grant and myself. 

I would recommend it to anyone who hasn’t focused on wealth preservation until now. Moreover, this is not just a strongly recommended watch, but it could be an epiphany.