Part 2/10:
Von Gry emphasizes that the foundational gold standard was severed in 1971 under President Nixon, removing the backing of currency by gold and enabling governments to print money freely. Since then, the system has been fundamentally unsustainable. He suggests that as the end nears, policymakers might opt for hyperinflation, which acts as a way to erase the colossal debts accumulated over decades.
This impending scenario is not just speculation but is rooted in observable trends of monetary policy and systemic fragility. The excessive money printing during COVID-19, coupled with mounting sovereign debt, indicates that the final denment is near. Once trust in fiat currencies diminishes, the prices of tangible assets like gold, silver, and commodities are expected to skyrocket.