In this report, I cover the early market action from London on Thursday, June 27th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I talk about how I became a proponent of Sound Money or as is more commonly and pejoratively known a Gold Bug. To do that I explain how my background growing up in Brazil made me very aware of inflation and wealth inequality.
It took many years for me to understand how the kind of monetary system a country or society has affects all aspects of society and wealth inequality. It was only when I first bought a gold coin back in 2002 that I started looking into the history of gold in the monetary system and why it is so important.
In this video, I recommend a couple of essays or articles about gold and the monetary system that in my opinion will help people understand how important gold is as an instrument in the running of a sound money system.
My conclusion is that even though there will always be those who have more than others it is important to make people aware that an honest or sound money system goes a long way in balancing wealth disparity and the power of big government too.
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"Human Freedom Rests on Gold Redeemable Money" by Howard Buffett: https://www.fgmr.com/wp-content/uploads/2017/02/Howard-Buffett-explains-sound-money-4-May-1948.pdf
"Gold and Economic Freedom" by Alan Greenspan: https://www.usagold.com/cpmforum/278707-2/
