MI263: Gold Through The Ages: Understanding it’s Role Under Different Monetary Regimes w/ Dana Samuelson

<p>Rebecca and Dana Samuelson chat about rare gold coins, their differences from other gold/silver investments, gold's changing role in the monetary system, and its impact on pricing, and more.</p><p>Dana Samuelson is the President of American Gold Exchange, Inc. with 42 years trading precious metals and rare U.S. gold and silver coins.&nbsp;&nbsp;</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>0:00 - Intro</p><p>3:00 - What rare gold coins are, and how does this investment differ from other gold/silver investments?</p><p>10:54 - How gold’s role in the monetary system has changed over time and how that’s impacted the price.&nbsp;</p><p>15:06 - What is the relationship between Gold, the USD, and other currencies?&nbsp;</p><p>23:45- How the price of gold changed after being fixed in the 1930s to then floating in 1971.&nbsp;</p><p>24:00 What are the main factors that drive gold prices to go up and down?&nbsp;</p><p>25:59 - How the money supply impacts the price of gold.&nbsp;</p><p>29:59 - Is there a typical market cycle for gold?&nbsp;</p><p>34:03 - What would happen if people lost faith in the US’s ability to service the country’s massive debt loads?</p><p>35:41 - How a payment system of gold for oil would work and is this a likely scenario?&nbsp;</p><p>38:41 - Could China be stocking up on gold to potentially go on a gold or silver standard?&nbsp;</p><p>49:30 - Dana’s outlook for gold and silver.&nbsp;</p><p>55:49 - Why does it matter if less dollars are used internationally?&nbsp;</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><strong>&nbsp;</strong></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out: <a href="https://www.amergold.com/" rel="noopener noreferrer" target="_blank"><strong>American Gold Exchange.</strong></a><strong>&nbsp;</strong></li><li>Related Episode: Listen to: <a href="https://link.chtbl.com/MI248" rel="noopener noreferrer" target="_blank"><strong>MI248: Inflation Is Here