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Piepenburg, Rule and Rickards Agree: Gold’s Role Rises as Dollar Hegemony Falls

By Matthew Piepenburg

Partner

Matterhorn Asset Management partner, Matthew Piepenburg, sits down with Rick Rule and Jim Rickards at the recent Rick Rule Precious Metals Symposium to discuss the future of the USD, the rising BRICS tide and the Realpolitik of any realistic (i.e., immediate) gold-backed BRICS trade currency.

Each of the trio share their views on the de-dollarization trend, with Piepenburg and Rule taking a far less optimistic view of any immediate gold-backed trading currency emerging among the BRICS nations in 2023.

Toward this end, Piepenburg argues that not even BRICS nations are ready to limit themselves or their financial powers to a gold-backed trading currency; and certainly not to a gold-backed sovereign currency. That said, all agree that the weaponized USD is losing trust and that the UST is losing demand as a post-sanction world moves further and further away from Dollar-based trade agreements.

For Piepenburg, the end-game is clear. Debt drives policy and debt drives current market directions. This debt will not and cannot be sustained by GDP growth or tax revenues, which means ultimately money printers will continue to de-value that world reserve currency, and hence devalue the once hegemonic respect for the US holder of that currency. All agree that gold’s role in protecting investors from this increasingly beleaguered, self-destructive, debased and less popular US currency is becoming increasingly clear.

About Matthew Piepenburg
Matt began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001 Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley’s... More...

Matthew Piepenburg
Partner

VON GREYERZ AG
Zurich, Switzerland
Phone: +41 44 213 62 45

VON GREYERZ AG global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. VON GREYERZ is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 90 countries.
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