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Friday, May 17, 2024 5:34:40 PM
The first part of the video when he talked about traveling through Argentina was IMO fairly predictable. As he said later in the video if he knew people and had networked to be able to know who might buy his gold or silver, my guess is he would have had no problems selling it. People want dollars ONLY because dollars are more FUNGIBLE than are PM's and he explained that in some detail. The dollar's usefulness is that it's pretty much internationally accepted, especially in places like Argentina where the Peso is really trash. I thought the story he told about the Guy "flipping" dollars is probably quite common in a place like Argentina. The government has no control over money, so the Citizens have to attempt to make a living off of buying and selling forms of money that are worth something.
That part was amazing.
I didn't know that NEW fiat is created when the bank loans out money. I thought that money came from already existing money creation.Ya learn something every day.
My guess is that George's travel experience in Turkey will be much more favorable for PM's. IMO the areas of the eastern world will be much more friendly to people looking to exchange fiat for PM's. I wouldn't think he would have any problems whatsoever if he does a little networking prior to the trip/
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