Central Banks Won't Stop Grabbing Gold - Here's Why | Clem Chambers

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In this interview, Clem Chambers argues that gold is primarily used by governments as a hedge against war, emphasizing its value in high-stress geopolitical situations. He explains that during conflicts, governments prefer gold over paper currency due to its intrinsic value and ability to facilitate transactions when other currencies are deemed unreliable. Chambers offers a contrarian view on the economic outlook, suggesting that despite widespread fears of recession and high inflation, the global economy is likely to improve over the next few years. He also discusses the role of inflation and the Federal Reserve's efforts to manage it through monetary policy.