Deutsche Bank’s Top Credit Strategist Makes Stunning Admission: “I Am A Gold Bug; Fiat Money Is A Passing Fad In The History Of Money”


Sound money is sound thinking.

(From Zerohedge)

What followed next was shocking as it came from the mouth of a respected legacy banker… : admitting that he is “a gold bug”, Reid says that in his opinion, “fiat money will be a passing fad in the long-term history of money”, a shocking admission for most financial professionals who are expected who are expected to tow the Keynesian line and also believe in the (primacy) of fiat and its reserve currency, the US Dollar.

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