Investing in Precious Metals 🧈🤑

The concept or the idea of going back to a much more traditional methodology of banking where, you know, a dollar could be pegged to something of physical value, such as gold or silver. And, you know, that is kind of the general premise, I think, of what direction you were looking to go down. And now there may be some challenges in creating such a thing. So if any institution in Canada presently today wanted to go about doing that, what are some of the difficulties and challenges that they would face in trying to make that a reality?

Well, part of it is the government would be working against you. Their superpower, if you will, is the ability to create money out of thin air, create currency out of thin air. As soon as you peg it to something tangible, that superpower goes away. I could go down. Much of the world's problems today are as a result of the government being able to print currency. But that's probably your biggest challenge, is you're going to have the government standing in your way to be able to do that.