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Ravi Sood: All the Monetary Alarms are Deafening

Tom welcomes back Ravi Sood to the show to discuss the many changes in the economy and mining industry. Ravi touches upon various topics related to the global financial system, gold prices, and the impact of the 2007-2008 financial crisis. He discusses the lack of significant changes in the financial system since the 1970s and the potential role of Bitcoin in challenging traditional monetary systems. He also highlights the uncertainty and potential risks in the current economic situation due to the pandemic and other factors. The conversation also delves into the importance of investing in physical commodities like gold and other minerals, as well as the role of technology in driving demand for these resources.

Furthermore, they explore the effects of a strong US dollar on the economy and suggests alternative policies to improve trade balance. The discussion also covers the challenges in regulating cryptocurrencies and the potential impact of CBDCs. The gold market is analyzed, with the author noting signs of optimism amidst a perceived bubble, and the mining industry’s financial issues are also discussed, along with the interest in renewable energy transition and the cyclical nature of commodities business.

Throughout the interview, Ravi emphasizes the need for a better understanding of the financial system and the importance of making informed decisions based on current economic conditions and potential future changes.

Time Stamp References:
0:00 – Introduction
3:30 – Gold, Bias & Sound Money
10:17 – Global Can Kicking
17:42 – A No Win Scenario?
20:00 – US Commodity Demand
22:28 – Feds Levers & Control Risk
26:44 – Bitcoin, Banks, & ETFs
33:50 – Commercial Banks & Economy
36:05 – Unhedged Mining
44:52 – Gold Highs & Reality
49:05 – Mining Industry Health
56:17 – Energy & GDP Correlation
59:00 – 3 Phases of New Energy
1:02:20 – Green Energy Storage
1:05:04 – Commodities & Capital
1:07:18 – Wrap Up

Talking Points From This Episode

  • The financial system has not seen a major shift since the 1970s, with concerns about sustainability of the existing monetary systems.
  • Physical commodities like gold and other minerals could help the United States address economic challenges by creating jobs and reducing reliance on foreign currency.
  • The gold market exhibits signs of optimism for an eventual end to its current bubble, with factors such as increased production and lower interest rates affecting its future.

Guest Links:

Ravi Sood is Chairman of Golconda Gold and an experienced financier focused on emerging markets. Mr. Sood was the founder and former CEO of Navina Asset Management, a Toronto-based investment firm that was acquired by a major financial institution. Mr. Sood also serves as a director of several companies including Blockchain Power Trust, Feronia Inc., and Eve & Co. Previously Mr. Sood was a director of ICC Labs (acquired) and Elgin Mining (acquired).

Ravi Sood has a bachelor’s degree in Mathematics from the University of Waterloo.

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