"If Nevada Democrats perceive this as a Republican bill, they will vote it down. Since they are in the majority, they will kill the bill. That must not happen! The decay in our monetary system is at an advanced stage. No one can predict how much time remains, but I can say one thing with absolute certainty. We need to begin developing an alternative. We need to begin remonetizing gold, and that means gold bonds.
So I am going to ask for something, which I have never done before. If you would consider buying a gold bond, if you want to see Nevada issue a gold bond, please sign my petition." -- Keith Weiner https://monetary-metals.com/who-would-invest-in-a-gold-bond/
Sorry for poor audio on my side. Sorry, again. At least Keith is clear! Recorded with Keith Weiner on September 4, 2018. Keith is legendary, as you can well hear.
Keith writes in another article that,
"Nevada has literally tons of gold income. This gold is sold, so the state can pay its dollar expenses including debt service. The problem is that this exposes the state to the risk of a falling gold price (as has been occurring since May). The expenses remain the same, but the income falls. Refinancing in gold removes this risk. It also allows the state to get out of debt at a discount."
That's an interesting one, "state to get out of debt at a discount." It's not every day you hear a goldbug saying that! Thanks Keith for talking monetary economics with me. Please keep sharing your insight with the world! We are all better for it.
