I sat down with Claudio Grass, Managing Director of GlobalGold.ch out of Switzerland, on June 18. Our conversation began with a lively discussion of the local politics in Switzerland, the new UP Independent Party. The UP Party is a Libertarian movement that believes the Swiss Franc should be backed by 20% gold. This is one of the platforms that is gathering momentum in Switzerland and, hopefully, will take root and spread.
Our conversation quickly turned to a cashless society, which is being pushed all across the globe, in some locations it is more in-your-face than others, but it is being pushed everywhere you turn. The UP Party has already stood against a piece of legislation, and won, barring the government's desire to keep people from making purchases of more than $100,000 Francs with cash. Ridiculous, it is my money and I should be able to spend how much I want on what I want, when I want. I should not be forced to use some type of electronic tracking device; I mean, electronic payment, in order to make a purchase.
Jim Rickards has stated that gold will go to $9,000 an ounce and be used as backing for the International Monetary Funds (IMF) SDR's (Special Drawing Rights). SDR's are a global currency. Claudio doesn't know if this is going to happen, as he states "no one knows the future…"
I ask for Claudio's opinion regarding the situations in the Middle East, Eastern Europe, more specifically Ukraine and Russia. Claudio doesn't see a world-war breaking out, but I believe that history has shown once the narrative from the global elite no longer works on the people they resort to large scale war.
Much more in the interview and we hope you learn something and share something with friends and family.