Is Gold The Fed's Plan B? | David Morgan

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David Morgan speculates that the Federal Reserve may eventually consider integrating gold into a new monetary system, especially as a backup if the global adoption of central bank digital currencies (CBDCs) faces resistance. He suggests that while CBDCs could be the primary currency of the future, central banks, like those in China and India, are accumulating gold as a form of "plan B." This gold could be used as a reserve to stabilize the financial system if digital currencies fail to gain sufficient trust or adoption. Morgan believes that gold could serve as a "carrot" to encourage compliance with the new system, possibly leading to a CBDC linked to gold. This theory aligns with a broader trend where nations, despite pursuing fiat-based digital currencies, are hedging their bets with gold to maintain monetary stability.