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Does The Dollar Have Competition? | Rick Rule
Legendary investor Rick Rule discusses the importance of having liquidity in both U.S. dollars and gold. He argues liquidity provides the opportunity for investors to deploy their capital if a liquidity squeeze occurs.
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Also, if a new reserve currency is issued by the BRICS nations, does it pose a threat to the US dollar? If it is a wholesale trade mechanism truly backed by gold, it would be able to chip away at the US dollar's privileged status, Rule notes.
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INTERVIEW TIMELINE:
0:00 Intro
3:00 Dollar decline
10:20 Buying method
13:10 Metals demand
17:45 Battle Bank
19:36 Credit unions vs banks
23:06 Rule Symposium
27:39 Rule’s ranking offer
29:47 Miles Franklin
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