2020 was a volatile year. And both the pandemic and the political fireworks around the election have an influence on the value of the US dollar. Does that mean the value of precious metals is on the rise? And can gold still protect your wealth?
Byron King is a Harvard-trained biologist and former aide to the United States Chief of Naval Operations. He is also our resident gold and mining expert and Managing Editor of Whiskey & Gunpowder.
On this pre-election episode of The Wiggin Sessions, Byron joins me to discuss the civil unrest surrounding the 2020 presidential election, explaining what we can learn from history about tearing down a country’s institutions and how the political turmoil might impact precious metals.
Byron shares the underreported story of how China’s factory shutdowns are ‘breaking the supply chain of the world’ and weighs in on why it’s crucial for the US and Canada to build its own rare earth industry.
Listen in for Byron’s insight on what pumping money into the economy means for gold, where all that stimulus money is likely to go, and how long the dollar will remain the reserve currency of the world.
Key TakeawaysByron’s background as a geologist in the oil and gas industry, naval fighter pilot and writer
How the current political environment parallels that of the 1930’s and Byron’s concerns about stacking Congress and the Supreme Court
What we can learn from the French Revolution about the danger in tearing down institutions
Why a country needs its strategic narrative
How Byron thinks about pumping money into the economy—historically and during the pandemic
Where the stimulus money is likely to go (e.g.: real estate, precious metals and paper assets)
Why people moving out of the cities is a long-term trend
The underreported story of how China’s factory shutdowns are breaking the supply chain of the world
Why it’s crucial for the US and Canada to build its own rare earth industry and what makes battery metals the way of the future
How our current circumstances (i.e.: civil unrest, low velocity of money) might impact the value of the dollar and what that means for gold
What might happen to the stock market in the aftermath of the presidential election
How long the dollar will remain the reserve currency of the world
Connect with Byron KingWhiskey & Gunpowder
Connect with Addison WigginConsilience Financial
Be sure to follow The Wiggin Sessions on your socials. You can find me on—
Facebook @thewigginsessions
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Twitter @WigginSessions
ResourcesJohn T. Flynn
Garet Garrett
National Industrial Recovery Act
The Roots of American Order by Russell Kirk
Edmund Burke
Howard Zinn
Federal Reserve Act
Jim Rickards
China’s Embargo on Lockheed Martin
Medallion Resources
Mountain Pass
Piedmont Limited
John Mauldin
Whiskey Rebellion
Bretton Woods System
Decoding Today's Contemporary Socio-Political Dynamics with Michael Rectenwald
Beyond Bias: Unpacking Trends for Wealth Creation in the Next Decade with Garrett Baldwin
From Debt Debate to Energy Trends to AI, Shah Gilani's Market Insights
Unveiling Gold Markets: Insights with Peter Spina
From Debt Deal to Market Turbulence with Zach Scheidt
Gold and it’s Invaluable Role in our Global Economy With Adam Baratta
Unpacking Natural Resources Investing and the Future of Banking with Rick Rule
Protecting Your Wealth with Precious Metals with Phillip Patrick
Alternative Investment Options Immune to the Craziness of Monetary Policy
Marin Katusa - Uncovering Opportunities in North America's Resource Sector
Porter Stansberry - Opportunities for Investment Amidst Inflation
Jim Rickards - Inflation, Interest Rates, and China-Russia Relations
Zach Scheidt - The Essential Investor
JC Parets - Understanding Market Drivers
Richard Duncan - The Credit Bubble popped. Can the government fix it?
Adam Baratta - Gold Is a Better Way
The Real Anthony Fauci Session with Filmmaker Jeff Hays
Ryan Daniel Moran - Capitalism Always Wins
Martin Armstrong—Behind the Plot to Seize Russia
Mark Rossano—Energy War
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