Gold may have history, but does it have a future? Former Citi Chief Economist Willem Buiter joins Unchained Executive Editor Steve Ehrlich to argue that gold’s “6,000-year bubble” is long overdue to burst.  He explains why he thinks central banks should dump their bullion, why Bitcoin isn’t a reliable store of value, and why fully backed stablecoins and central-bank digital currencies could define the next era of money. He also touches on Trump’s influence on the Fed, tokenized deposits and the future of stablecoins. Thank you to our sponsors! Binance Guest: Willem Buiter, Independent Economic Advisor, Previously Global Chief Economist at Citigroup Timestamps: 💰 0:00 Introduction 🏺 0:28 Is gold really in a 6,000-year bubble? 🫧 4:33 Why Willem says some bubbles can last forever 💵 7:16 What to make of the dollar’s debasement and why other currencies aren’t better 🚫 11:56 Why Willem doesn’t believe in Bitcoin as a store of value 🪙 16:32 Why he says fully backed stablecoins could define the future of money 🏦 19:10 Are tokenized deposits a breakthrough or a threat to the monetary system? 🌐 22:36 Why Willem supports central bank digital currencies 🔢 27:51 Will the world end up with hundreds of stablecoins? 📊 31:23 Is the Fed quietly shifting its inflation target to 3%? ⚖️ 33:57 How Trump’s pressure could undermine Fed independence 🚀 37:39 Why Willem is bullish on tokenized assets Learn more about your ad choices. Visit megaphone.fm/adchoices