Fed Chairman Sees Gold as Speculative and Not a Useful Store of Value!

[maneco64]

#gold #bitcoin #cbdcs #fiatcurrency #money #federalreserve #silver #markets #cryptocurrency

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Today we will go over some outrageous comments by the major Central Bankers in the world.

Fed Chairman Powell, Bundesbank President Weidmann and BIS MD Agustin Carstens participated in a teleconference with FT journalist Gillian Tett.

They spoke about CDBCs mainly but at one point Jay Powell said that bitcoin is speculative, not a good store of value and not backed by anything and also that it is just like gold!

WATCH LIVE: Fed Chair Jerome Powell speaks at Bank of International Settlements event — 3/22/21:

Currencies Today Are "IOU Nothings" by John Exter: https://www.aier.org/research/currencies-today-are-iou-nothings/

Comments

[cve3]

Thanks again for keeping us updated & educated, @maneco64. Powell is not our pal. No you can't go wrong with holding a Precious Metal Bar:

[geneeverett]

The day the fed head says positive things about Gold is the day I worry 😂

[oldman28]

That is Fed speak for it is time to buy PM.