Why Is Gold So High At The Moment?
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- Опубликовано: 10 июл 2024
- We saw all time highs for gold last week, and we've seen a mixture of people selling back, and also buying! With such a split reaction to an event like this, Michael has sat down and gone through some of the reasons for the highs, as well as his own non financial advice opinions about what can be done in times like this!
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Gold since last Feb has gone up by 17% so I see it as we've lost 17% of our purchasing power.
Perfect timing I was about to ask these questions for the Friday show! Thanks Michael !
Agree 100% well put
A few years back a mate told me about a friend who invests in gold and silver.i never even knew you could purchase it and started asking him all about it.then I did some googling and found you guys who are one of the best in Oz
Gold does not give you a return. Gold gives you protection, it’s a physical insurance policy against inflation which is the lose of fiat purchasing power. It’s a wonderful asset to physically own
Gold should be a part of everyone’s investment portfolio, the % of gold in your investment portfolio will vary depending on the current economic cycle
Be your own central bank
Hold gold
Spot on, great thinking 💯
That is absolute truth. And it beggars belief that the masses as a whole simply missed the blatant warning of '08. With the Price trajectory of Gold in particular since then, how is it missed.? The answer is very simple friends. A lack of education (which is no accident by the way.) This channel is the only reason why I know about Bullion Now, and even though the majority of what is shared here regarding real money and the part it plays is known by me for years now. I'll sooner support a company that is about education just as much as they are about facilitating the transfer away from fiat rubbish to real money. The what is much easier to grasp if one knows the (why.?)
Because the fiat currency is losing purchasing power fast
The Americans are printing 1 trillion dollars every 100 days, and the Australian dollar is unofficially pinned at 0.65 cents; this will increase gold's price as they devalue our currencies. It's wealth transfer to the corporations.
Buy btc and you can be the corporations.
@@Fanta.... you obviously have not heard that you'll own nothing and you'll suck it up princess and be happy about it! Keep investing in Bitcoin cause they are going to pull the rug out from underneath you when enough investors have got involved. Don't get me wrong, I also own crypto, just not Bitcoin.
We're officially fucked since Gough Whitlam was ousted from power .
@@Fanta....that ship sailed back when the banks and corporations said Bitcoin was dog poop.
@@2B34everabsolutely, their plan to hijack yet another attempt to be free by the masses is coming together nicely.
Perfect timing. Listening to this from the emergency ward in the hospital. Maybe others around me will learn something too 😅
One of them guys huh? Get some earbuds.
Hope everything's ok!
Emergency Ward? You wrote this 2 hours ago, you should be just about seeing a Dr about now. I hope all is well for you, and that whoever is injured will have a speedy recovery with minimal discomfort. God Bless.
@2B34ever thank you, Sir. All is well 🙏 yes it did take a ridiculously long time. I feel for everyone in there 😥
@@BullionNowI survived 🙏 Another great video by you guys. Looking forward to more of these. Can always do with some wise words from a very experienced man!
with sovereign debt so high and money printing out of control - i question is why is the price of gold so low
The AUD has lost 85% of its purchasing power since 2000.
Over the last 20 years, gold in AUD has increased in value by 500%, in comparison to property increased by 400%. Cost nothing to hold gold
Gold and Silver are both monetary metals and everything else is Debit. The Aussie Dollar has already lost 87% of its purchasing power. So people may think their property prices are going up but its actually the fiat money devaluing. You need to hold real money which is Gold and Silver.
Great video Michael. Keep them coming.
I believe its a combination of abit of uncertainty in the world and talk by Powell of rates dropping this year. Alot of it has been priced in already i think. Still exciting times ahead for us gold bugs!
Edit. Gold going up just means that our fiat currencies are losing value daily.
Very sensible and honest summary.
Thanks Michael - great timing & very relevant to many people 👍
Interesting words Michael, thanks for the insight 🙆♂️.
At the current prices, I'm just holding back, and trying to build up the dry powder for when (hopefully) the prices come down a bit. Luckily, I managed to get some unallocated silver when it was cheaper, in preparation for the release of some of the coins I'm collecting, like the Tudor Beasts.
Platinum is where I'm at at the moment because it's actually a really good price lately.
It might go up. I’ve learnt my lesson when i sold some gold at 2950 thinking it’s peaked.
Can I suggest you research the 100 year gold chart and measure it against the inflation chart and currency devaluation chart. All will be revealed
Just bought another ounce of gold. So far my gold purchases have only gone up unlike silver.....still waiting.
Well done mate interesting 👍
I think one point that was missed here was the reason for a massive jump in gold since March was that banks that got bailed out last year by the US FED were expected to pay that debt back in full by this month
It'll be really interesting to see what happens over the next couple of weeks as this plays out. Could be a major tipping point
Because everyone knows the Emperor Wears No Clothes... even those too afraid to speak it.
I can't believe how much gold is going up right now, one of my coins is $4000 per ounce, I am wondering why when I was buying them the sales person told me to buy coins that haven't gone up as much, the kangaroo, I didn't ask which is dumb, you have to always question, I was new to gold in 20, 21 and now I am wondering about collectables in case the government tries to stop us being able to sell, if they bring in CDCD, there will be total transparency as to how much we are transacting!?❤❤❤
Excellent analysis Michael!
good, sensible analysis, thanks
Great insight Michael 🙌
Awesome video. What about a video on silver? Thanks
For those seeing the higher spot price of gold and selling for more than what they've paid , don't .
Most of the time you'll only get a slight amount of the premiums you've payed .
Gold and specifically silver are for holding not for trading unless it's stocks and in very high amounts .
And most importantly don't risk getting yourself robbed by telling people you have something .
It won't end nicely unless your profit margins are over 50-70 percent and not in the majority of your personal share of gold .
Let's say you own 50 ounces , sell only 4 at the max .
With governments all over screwing everyone over , don't risk it , is my advice.
I was thinking about selling and putting the profits back into gold, its shown itself as a good investment last few years? Good points to think about and ultimately time will tell. For me it has to be a good reason to sell, buying another solid asset, property etc, selling and putting into cash with no specific purpose disrupts my long term saving plan which I view the metals as.
Always wanted to ask are you stacking more this year yourself? How come I’ve never seen you at the counter at the Collins st ?
Any more 20 francs guys? Love them.
Yes fiat currencies are losing value that's why its better to hold your wealth in something of value i mean didn't the RBA just digitally print 200 billion dollars during the so called sickness we had recently ? these people are the ones trying to fix the problem that they themselves created that's central banking for you.
I could take a large profit if I sold but, why would I want fiat plastic? Unless I needed to pay bills.Best to hold.
Because our money is become digital confetti
Real money is gold and silver, that's the bottom line !
Can no longer afford it 😢
At the end of year it will be 2500 usd may be more...
Harry Dent is calling for $800 gold. Gold seems to be selling off most days now and pretty much losing all of its gains.
😂 it’s at all time highs. What are you talking about
Also “IF” gold goes to $800us which is a fall of 63% then I guarantee you every other asset will fall far more than 63%
We hit all time highs in the last 2 weeks - how can you say it's losing most of it's gains???? We are still up on pretty much any timeframe you want to look at in pretty much every currency. Taking a bit of a breather - sure - but not losing most of it's gains.
The look on your face says more than what you are saying 😉 👍
It is absolutely central banks and large institutions buying gold. Price of a trillion dollar asset cannot be moved, on an intraday basis, by retail holders like you or I, they are just too small.
War time economy?
💯
HODL the gold & it’s purdy! Hold it ur hands tho. No paper no chachkey
Can you view The RBA is engaging in manipulation of gold prices - Senate Estimates by
Senator Gerard Rennick what is you opinion
Are Proof coins worth it?
Yes, To a collector.
At the end of the day, one ounce is ounce.
Generally no. Only proof coin I have was bought at a similar price to basic bullion.
adjust for inflation. inflation is 10x from 45 years ago.
🏴
First??
Buy scrap and refine?
Hehe … I just hoard 😝😝
I think if Trump become President the Gold will go down 😊 and I will buy more ❤
you think GOLD is high now, WAIT TILL THE GUMMIES KICK-IN
lol
Tossing up ATM , on the grass / off the grass.