War on Cash is Here: Giustra Says Global Reset Has Begun

“There’s a mad rush for physical gold... even the U.S. is bringing it back in. It tells you that they’re preparing for something,” warns billionaire philanthropist Frank Giustra in an eye-opening interview with Daniela Cambone. He reveals how the global financial order is shifting, with gold reclaiming its place as a central pillar in the monetary system.

As the U.S. gears up to adopt gold as a Tier 1 asset under Basel III regulations on July 1, Giustra predicts a monetary reset is on the horizon. "Gold in one form or another is going to play a role in a new global monetary system," he asserts.

This shift isn't just symbolic. Under Basel III, banks can increase their gold holdings, counting it as 100% collateral—treated just like cash or U.S. Treasuries. According to Giustra, this change will have "incredible ramifications" for the existing financial system, potentially accelerating the move away from fiat dependence.

Pointing to recent events in Spain and Portugal, where power outages led to cash withdrawal restrictions, Giustra warns of a "war on cash" that could spread globally as central bank digital currencies (CBDCs) emerge.