Gold Represents 'Honest Money' - Gold Standard Institute

Kitco's Daniela Cambone sits with Keith Weiner to get his views on gold and why he advocates a return to a gold standard. As founder of the Gold Standard Institute, Weiner stresses the importance of gold and how his message is to promote it as 'honest money.' He says that he is currently working on a bill to not only recognize gold & silver as legal tender but also to remove the taxes people are subject to when they sell their gold & silver. "Tax is a strong disincentive to let go of gold, so people tend to want to hoard it rather than allow it to circulate." What is the benefit of a gold standard? "They can't rob you of your savings," Wiener says. "They can't take your money and devalue it." Tune in now to our continued coverage of FreedomFest in Las Vegas. Kitco News, July 14, 2014.