Central Bank Digital Currency (CBDC, or in America let’s call it “FedCoin”) is a hot topic right now. Articles about it are everywhere, and Monetary Metals’ clients are asking about it. Gold is widely seen as a way to opt out. No doubt this is part of why the price of gold has held up so well. There is a broad and growing feeling that a FedCoin is inevitable. It certainly fits with other dystopian and totalitarian policies of recent years and many preconditions for a FedCoin have been developing. The Preconditions for a Central Bank Digital Currency Let’s skim over the prior decades of bad laws creating perverse ... (full story)