Why Gold and Silver Have Outpaced the Dollar's Decline Since 1971

In this appearance on the And We Know show, Dr. Kirk Elliott looks at trust in the banking system and the long-term loss of purchasing power in fiat currencies. He discusses recent reports of a $1.2 billion penalty against Bank of America for failing to report suspicious activity and a regulatory review finding that nine major banks restricted services to certain customers and industries for political, religious, or social reasons, and explains how fractional reserve banking works. He then traces the dollar's history from gold convertibility through the Federal Reserve Act, the 1933 gold restrictions, and the 1971 end of the gold window, and walks through a chart showing how much purchasing power major currencies have lost since then, including roughly 87% for the U.S. dollar. Using that period, he explains why he believes gold and silver have done more than keep pace with inflation, pointing to confidence in the system, supply and demand, and silver's growing industrial use. He encourages viewers not to let short-term headlines drive decisions, describes how the KEPM team prays for clients' requests, frames physical metals as assets investors may want to consider, and invites viewers to schedule a consultation with the KEPM team.