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Jeremy Cordon

Oct 8, 2026

7:50
What was that, the core of that debate?
7:53
I think a big part of it was it when you when you need to have a functioning money pegging a value of a certain quantity of silver to gold artificially under like a government mandate is is hard to do.
8:08
And if you look at like the journals and diaries of the secretaries of the Treasury of the US, They are so stressed out because they have foreigners coming in and they're playing that kind of like back end gold silver ratio and they're melting American coins to do that.
8:26
Now, you couldn't really make gold coins small enough to not use silver.
8:31
And I would actually argue that it wasn't a bimetal system.
8:34
It was a trimetal system and that you had copper pennies as well as, you know, constitutional silver coins.
8:40
and then you had gold coinage which was you know minted but circulated a little less because yeah that was a lot of money that was a lot of money to have and then you also have all the credit out there you know my thinking was yeah it'd be really cool to go back to the gold standard but i think a lot of people think that it's like hey going back to the gold standard would solve so many problems but there are some real issues with the gold standard and and one of those is you know today Like 99% of our copper is used in industry.

11 MINS LATER

19:58
Like, what is your thoughts on that, being an expert in gold? And how does that relate? Or do you ever get that question about what does that mean in the age of crypto of a hard currency?
11:39
Yeah
11:39
... dealers, they were getting de-banked, and they had to run from bank to bank to bank to, you know, try to figure it out.
11:44
You know, we've, we've dealt with this problem at Goldback where the bank just says, "Gee, the regulators are putting a lot of pressure on us.
11:52
Uh, we don't know if we can continue this banking relationship." And I, I know it happens to influencers too.
11:58
Um, but you know, we have some, at, at least we have, like, a, a bunch of different banks, but if you centralize that control and you make it uniform, like in China, you can just bankrupt all of your opponents and make it so scary-Or, you know, China, they don't even talk about politics.
12:18
It's too dangerous to talk about politics.
12:21
It's just, you know, it's not safe.

6 MINS LATER

18:34
Right.

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