Mark Valek - Proposal for the Federal Reserve to Revalue Gold to $5000

Mark Valek, partner at Incrementum AG, comes on SBTV to discuss reasons for holding gold today and the case for the Federal Reserve to revalue US gold holdings to $5,000/oz - an idea proposed by Jim Rickards. We get Mark's thoughts on how the world will look like with $5,000 gold.

Discussed in this interview:

05:47 What is causing the falling price of gold?
08:15 Reasons for holding gold are still strong.
11:00 The case to revalue gold at $5000.
16:48 Why the Fed values its gold holdings at USD 42.222/oz.
19:24 Impact of $5000 gold for the man on the street.
22:41 Impact of $5000 gold globally.
27:15 Does Trump have the political will to bring back the Gold Standard?
29:42 When would people demand for a gold-backed currency?
31:13 Was de-linking gold from the US dollar a good idea?
33:13 Cryptocurrencies got people discussing about the nature of money

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