Wealthy Dumping Stocks & Buying Gold | Jay Taylor

We're seeing a loss in confidence in the US dollar, says financial radio host Jay Taylor. The Fed "can't do anything but print," he says. Money printing has inflated the stock market, but this may be about to change. Smart money is moving out of the stock market and into commodities such as gold and silver. "You've got to be prepared," Jay says. He suggests staying out of debt and holding precious metals.

0:00 Intro
1:14 Now vs. 1970s inflation
4:31 Fed policy
13:24 Wealthy buying gold
16:00 Physical vs. paper gold
17:47 Gold-backed currency?
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