Sam Zell Says He Bought Gold, Gold Stocks in Last Year

The speaker shares their experience of investing in gold, both stocks and physical gold, due to concerns about fiat currencies. They reflect on the historical gold standard and the lack of discipline in current monetary systems since its removal. The discussion highlights the strong banking system post-Great Recession but points out weaknesses in the overall economic system, emphasizing potential risks the Federal Reserve may face in maintaining control.

Why did the speaker decide to invest in gold?

• To follow a trend among investors

• To diversify their portfolio with a large investment

• To reflect their concerns about fiat currencies

• To significantly change their financial situation

What was the basis of monetary systems before the shift away from the gold standard?

• Real collateral

• Digital assets

• Cryptocurrencies

• Fiat currencies

Who was responsible for removing the gold standard?

• Richard Nixon

• Franklin D. Roosevelt

• Ronald Reagan

• George W. Bush

What was a major problem during the Great Recession according to the speaker?

• Stable currency values

• High inflation rates

• Strong economic growth

• Weak banking system

What is the speaker's concern about the current economic system?

• The banking system is weak

• There is too much reliance on the gold standard

• The economy is growing too quickly

• The Federal Reserve may struggle to maintain control