Legendary mining investor Frank Giustra – Fiat currencies are a confidence game

TSI editor’s note: Every once in a while, an article comes along which puts things so plainly that anyone, including ourselves, can understand. Frank Giustra is a living legend in the mining industry, and has written a brief opinion piece in the Vancouver Sun about the state of the US Dollar. We encourage our audience to read this to get a perspective of the changing nature of money going forward. Got silver?

“Trust is a fickle thing. It’s there until it isn’t. This is especially true with paper currencies. Their value is based on trust that the sovereign issuer will act faithfully and responsibly. The standards for a reserve currency are even higher given their status in global trade and finance. Throughout history, there have been many reserve currencies and they have all failed, eventually. Every one.”

Photo by Karolina Grabowska on Pexels.com

Continue reading at: https://vancouversun.com/opinion/frank-giustra-the-feds-inescapable-trap

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