"It's clear that there's an information war against gold," Yon began. "The average Westerner – like Americans, Canadians and Europeans – as well [as the] Japanese, most people don't know anything about gold. But our ancestors did."
He continued that these people are brainwashed away from the yellow metal and toward fiat currency, which has no value. "It's a virtue to save in fiat cash, they teach us. But you're hoarding if you save in gold. You're foolish or antiquated; you're outdated," Yon remarked.
In contrast, Thailand has its own gold standard and gold is almost liquid in the kingdom. Thais know about the price of gold within a week or so because the average Thai saves in gold.
According to the Federal Reserve Bank of St. Louis, "the U.S. came off the gold standard for domestic transactions in 1933 under President Franklin Roosevelt." The country ended international convertibility of the dollar to gold in 1971 under President Richard Nixon.
"The U.S. switched to a fiat money system. Fiat money has no value of its own and doesn't represent anything of value, such as gold," the bank admitted.
Yon remarked that when the U.S. went off the gold standard, reference books for finance or business administration no longer taught that gold was the actual, real money. This is because the powers that be do not want the average person to have the yellow metal – the money of kings, the money of gods and the money of war.
Ultra-banker BIS hoarding all the gold
Yon told Adams the the Bank of International Settlements (BIS) – the bank of banks, the ultra-bank and the central bank of central banks – made gold into a tier one asset in 2019. This designation makes gold the highest-level asset that a person can add. Because of this, the ultra-powerful BIS is now hoarding gold
Meanwhile, the Health Ranger said both silver and gold are on record highs this year – with the gold price reaching almost $2,800 per ounce. But the prices for the two metals will still rise due to what is happening in the world, especially with the U.S. dollar teetering on the brink of collapse and the cost of living going through the roof. (Related: Gold and silver hit record highs amid geopolitical tensions and Fed rate cuts.)
Adams advised people to be very cautious where they spend money on gold and silver, warning of hucksters in the gold business. Yon agreed, noting that people should buy gold and silver as close to spot as possible.
Aside from stacking ounces of coins or bars of gold and silver, people can also purchase goldbacks or prepper bars of silver. According to Yon, stackers are generally talking in ounces aside from the ratio of silver to gold. He also noted that while most people would like to save in gold, some people prefer silver.
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Watch the full conversation between Michael Yon and the Health Ranger Mike Adams about the information war against gold below.
This video is from the Health Ranger Report channel on Brighteon.com.
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Mario Innecco: RISING gold prices spell TROUBLE for the dollar and other fiat currencies.
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