Why $2,500 gold price didn’t happen this year; ‘We were surprised’ says E.B. Tucker (Pt. 2/2)
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- Опубликовано: 29 июл 2024
- Watch part 1 of this interview here: • E.B. Tucker: Civil war...
Given the political and economic environment that we’re in, gold should be much higher, said E.B. Tucker, author of “Why Gold, Why Now.”
Tucker had predicted gold to hit $2,500 an ounce by year-end of 2020, he is now updating his views and sees the price to hit that level by next year.
0:00 - Gold price should have been higher
5:27 - What is timeline for $2,500 gold?
8:33 - Monetary policy and inflation
15:12 - Investing and risk tolerance
17:21 - Misconceptions for royalty companies
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3%? LOL ,I'm over 75% in physical gold and silver.
lol! you a boss.
Yeah, I’m 100%. Boo-ya! Lol
Gold is good but it can tank too. If there's a market crash, there'll be a scramble for liquidity. People dump on the USD, but if shiit really hits the fan, everyone will run to it.
Welcome to the club... I'd add 20% crypto... ; )
im 80
I'm simple man. When i see E.B. Tucker on RUclips, i click.
You gotta aim the mouse first.
E.B. speaks so well, not to mention a straight shooter with a sense of humour 👌
That bit is getting old!
He’s making me money!
More than PM are doing.
The #1 reason to hold gold is because central banks do, when they start buying bitcoin ill consider it.
So...lemme check
Gold is manipulated and owned by a bunch of institutions that are well known for being dickheads......but we too should hold this asset? As asset that was worth $1886 in 2011, and is now worth a grand total of $1839 ten years later.
J.P. Morgan have 500 million in Microstrategy. They already own and are buying bitcoin. :)
Then your missing out! The Rothschilds bought a lot last year!
@@John-wf5if Hey, hey Johnny! What does it matter to you? If you own bitshit then why are you so concerned about gold? Not too confident in your precious token are you? 😘
@@AniYehudi JP Morgan is not a central bank. Commercial banks don't always make money; just because JP bought into the hype doesn't mean bitcoin will be the future. Lots of "institutional" funds got killed in the dotcom bubble as well. Central banks do not own bitcoin because it is not the future of money.
He is right. "Gold is money, it doesn't do anything. Gold is not more valuable right now, it just takes more dollars to buy it."
I’m not surprised gold did not hit $2500. I’m not an analyst, I’m not in the gold business, I don’t have graphs, and charts, just a normal guy using reason, and logic. This guy though gold would gain several hundred in the last few months of 2020. I thought no way that will happen. We’re are lucky if gold gains $100 a year right now. For gold to jump up by hundreds in a matter of months, well something would have to seriously go wrong in the U.S.
Bitcoin is not digital gold. It is just digital.
Look deeper. Its a lot like gold except more usable, divisible easier to use and rarer
@@leemosey Nothing like gold
both are a store of value
@@Al-yf7tm Its just your lack of understanding. It is gold 2.0 in all respects that you are holding gold for
@@leemosey Lol, it is definitely not gold 2.0, it has no industrial use. If (and when) it is outlawed the only use it will have is as a shiny token to show of ignorance by the holder.
Grandpa said: when shit hits the fan boy, you'll need gold, silver or cash...grandpa 93, seen shit, ran from shit, seen a few changes
I bet your grandpa isn't afraid of a stupid virus, either. :)
Listen to Grandpa.
My grandpa says the exact same thing and he’s been through WW2
Cupcake91 I hate seeing people afraid of a stupid virus too. When are they going to snap out of that man
Grandpa was more lucky. The new world order and great reset with cashless society with technocratic tyranny didn't hit him during his youth.
I know that coin is sitting there E.B.
I've been waiting for Part 2 of this interview to come out FOREVER
I don't know why Kitco keeps putting these same pundits on, just plugging their products ... For 10 years we've been hearing how gold is going to explode... still waiting
Thanks, yes agreed , I’m only a newbie in gold for two years but I am starting to realise that I should just trade the fluctuations.
this guy is saying the same crap since long time ago nothing happened
I agree. I'm new in gold since the spring and I've concluded the media project price targets that never materialize. However my miners I've noticed do fluctuate enough to trade and make a decent profit.
@@eltorath BTC and gold miners are better - agreed.
You are so right. Plugging wild expectations, never keep any interviewees to charge. An enormous flaw of Kitco. All the time!
My hypothesis on why gold price has not taken off: People are looking for short-term capital gains. Stocks are doing well, and there are plenty of opportunities. No reason to go into gold for them, at least not now.
The tide seems to be changing!
what platform do you recommend to use for trading on mining stocks?
EB, please don't make excuses. Far to defensive. Just admit you were early in your forecast. Pure and simple, be transparent. Thanks, I appreciate your views and comments...
Good interview and priceless information.
I definitely want to own some physical silver and gold. MTA stock has been a pretty good investment for us too and I don't mind EB's plugs for the company either.
ıf you come ın ındıa , Turkey , Israel , Greece you can buy easıly bro
Gold will be going up 👍🏻👍🏻👍🏻👍🏻👍🏻
When? Was $1866 a decade ago
@@John-wf5if It's on the rise today. Why again are you so negative if you own gold as you've said. Just sell it and move on.
@@John-wf5if look at the history of gold for the last 100 years only going up I been in gold now for over a decade grossing in the millions currently . And no one is force to do this .
What everyone has a hard time understanding is gold is simply that GOLD... the price never changes. What does change is the value of the dollar, which in result will move the price in “dollar terms” of gold. Gold is always gold. Always has been, always will be. Example, 100 years ago 1oz of gold would allow you to buy a really nice suit. Today 1oz of gold will buy you..... A REALLY NICE SUIT.
To reiterate- Gold’s value remains. The dollar loses purchasing power which makes the “dollar” value of gold rise.
@@John-wf5if ? a decade it was 1600's
“Gold and silver is money,
All else credit”
- JP Morgan
when he said that the internet wasn't invented
Gold is the money 💰 of kings
Silver of gentlemen
Paper money of the peasants
@@robertmitchell8630 Debt is the money of slaves
@@donaldduck926
Indeed
In German the word for debt and guilt are the same
Schuld
That’s why the bank jpm manipulates the prices of silver and gold for they know gold and silver is money.
so what happens when prices of metals go down? Does metalla income or stock value fall a lot too since its leveraged?
Owning Physical Gold = More Freedom & Liberty
Why? How?
Until they confiscate it! Or you try to leave the country. Bitcoin gives you freedom and liberty
And some how miraculously Matt is going to change your views after hours perhaps days of wasted words , yea right .
@@leemosey Bitcoin can be shut down in a second. It's being tolerated and even encouraged for the time being, but eventually they'll say it facilities money laundering (which it does) and forbid any USD/BTC exchanges.
ridiculous you pay huge premiums that will never get back to your pockets
Inflation (my words, my work) is the Coastline paradox of fractals where the measuring stick, the unit of fiat, is made shorter.
Been waiting on part II. Another banger from Kitco.
Great interview!
8:33 - Monetary policy and inflation : So dealing with the debt burden by inflating everything else ( salaries and prices on goods and service )
I wish I could throw around a gold coin like that. lol
I put krugerrands
in my penny loafers
Thanks Kitco, I like this guy. He makes sense
anybody got an info on MyUs shipping and ebay? i cant seem to confirm my order they ask me to change my card detail or my address although the address is correct and is given to me by MyUs pleaseeeeeeeeeee help wanna order some damn silver!!!
Always love hearing EB.
It is pretty sad how many of our next generation are in debt for things that aren't worth anything in the future, (i.e. cars, technology). We have been losing our investments for years. I'm all in gold. We need to educate our children. Asap. Thanks for the talk Tucker.
FINALLY!! KEPT REFRESHING THAT KITCO PAGE SINCE THURSDAY!
PARTS 2 USUALLY COME OUT 1 DAY LATER, WHAT TOOK SO LONG LOL
Lol
@God's Com'n Could of been the correction in Bitcoin that David was in shock over.
Free rides, thanks eb. Read and study, also the new case for gold is a good read if you're not fully understating phy prices. ✌️
Very soon on August this year?
Good conversation! Which royalty company’s are out there?
Ticker Symbools for Royalty companies; MTA, NVARF, FNV, WPM, NEM, OR ,SAND, EMX.... MTA and NVARF are the companies EB is on the board of.
Hey EB you are aware you can buy futures contracts without leverage right? A few times he mentioned leveraging and losing money. It doesn’t have to be like that.
woooo looking forward to this
Great interview! I like E. B. Tucker
... and KITCO is a great informational source. U Guys rocl!
Love this guy. Always entertaining and educational. Unfortunately there are a lot of dummies in this comment section who will be crying in their beer a few years from now saying "I should've listened to EB!"
as always, good stuff...learned something...
Whats the name of his book?
I'm just an ordinary Joe who invested in gold and silver since 2008. I don't see gold going over $2,000 or silver going over $50 for the next 5 years so good luck. I'm going to invest in tulips and expect they'll do better than precious metals.
That's what they said when BTC was sitting at 8K...
I imagine you posting in 3 years... regrets regrets regrets
great interview! thankyou
Loving your book E.B.
Gold was the same price in 2018 that it is now. Not much of a plan to buy gold.
Great interview. With all the respect to your great guest, I had posted an analysis on Jan-2020 on LinkedIn why Gold was heading for a major turning point in Aug-2020. If Bitcoin impressed you, wait to see when Gold takes out the Aug'2020 high. Not ready yet. It would be good to see Gold test the $1700 mark by the end of February.
MTA stock up 128% in 2020 and they send E.B. a hat. The board at Metalla is most gracious, they're generosity preceeds them.
I have both Metals and Crypto, I don't see the logic of choosing one or the other. My concern with gold is the extreme manipulation by JPMorgan. I can't see why the gold price is lagging so far behind it's actual value, in these wildly over-printed times, without massive manipulation.
Wow 😲 he was really good- a great distinguishing lesson of how to invest in gold long term in a different way with greater returns 👌
That’s it I’m pulling out all my gold teeth and melt it in the oven 😂🤣🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷🦷
I believe the main thing that people here are missing is that if you own stock in a company that has pricing power you have a great hedge against inflation.
how can anyone speculate on the gold price when there is so much unfair manipulation?
Because, in the end, the market always wins
My point.
BUT if that was true, why was gold allowed to rise as it did from 2000-2020.
I asked myself this question every day. but every time i look on the stock markets the valuation seems ridiculous. So I am ending buying something I rather feels it is too cheap at the moment. It is always gold. So I will always ending up underperforming my brave friends . I once saw an video that came to the coclusion that to much intelligence is rather harmful for financial sucess, because the more you know the more rational reasons against an investment you can imagine. So it helbs to be brave and ignorant to earn much money.
Does this mean that the Gold to Crypto ratio is 12:1? True Bitcoin can show every transaction and you can be back taxed on that information.
Love the show.
Hey EB! How many shares of MTA do I need to own to get a cool hat?!
Gold will rise upto 2400 or more this year - A Billionaire Investor
Christ then buy Bitcoin!! It will 10x
@Plexpro that is one of the dumbest comments I have ever seen. Clearly you have no clue where the world is headed im sorry. lol . Just remember we tried to tell you. -90%???? LOL Maybe if a Meteor hits the earth, wipes out the internet, and also half the population then bitcoin will -90%
@Plexpro ok???
@Plexpro you facts are wrong
@@leemosey 2017 from 20k to below 5K remember
Right on!!
EB Tucker looks like he's been crying.
Lets just say... even if EB's gold price bull run comes true, it won't do what Bitcoin literally did over Dec 2020 and Jan 2021, trippling in value.
Can someone help me out here: if EB and others are so confident gold is going to 2500, a 35% gain, why have just 3% of your net worth in gold? Why not 30% or 80%? How much gain does one need?
I’m in like 95%. But the problem is the prices of G&S get manipulated all the time and your savings is just stuck in there, not rising.
And here we are 2 years later and gold is still under $1900...
It doesn’t matter Lin. Gold is doing exactly what it’s supposed to do
@Bobcat Bren my bad playa!!!! 😬😬😬🤒🤒🤒🤐🤐🤐🤐!!! Have a great day
Decreasing my net wealth. Thankfully I have some Crypto to counter that.
Being off the grid means nothing if the government with one law says you cannot sell gold to another person or entity.... they have the power and they want to control us and they can do that
I would say a metals royalty company is like a company that invests in equipment, services, management and hard assets in exchange for the miners land that contains the assets - it is like a futures contract that lives forever and continues to grow - Only better than options since options expire. I like Tucker / downside - shares his political views. Standard rule - Silence is golden.
Gold is the real money but nowadays everything is manipulating either go higher or fall down 🤔
Abs right... Manipulated by 1% of world population....
great interview
One thing people need to understand Bitcoin supply is fixed, Gold is not. Try sending $100'000 Gold from a country to another country and u'll know what i mean. Buying Bitcoin means invest in the network's growth.
25% are not enough when you get around 400% with miners like K92
Volatility at metals is too stressful, I decided good
real estate is better than gold.
Yep! And that's why no one is telling you to buy it. All these guys are selling Bitcoin and buying Real estate.
Paper, paper, paper gold...... 🙄. ... once the sh1t hits the fan we will see the true price!
The steam is running out, I think we can all see that.
Surely all these guys can see that PM's are manipulated. That's the answer to why gold and silver are still sitting where they are.
Bitcoin is bad for the gold business men....deep down inside he is actually panicking.
Well this aged well.....
How about the rising treasury yields?
Ticker Symbols for Royalty companies on the NYSE; MTA, NVARF, FNV, WPM, NEM, OR, SAND, EMX.... MTA and NVARF are the companies EB is on the board of directors. NVARF deals with Nickel, a great play on the future of Electric cars.
how much gold should one own ?
10kgs Au
150kgs Ag
The big banks bought bitcoin instead of gold last semester of 2020, that´s the reason
Every gold bugs dream is to finally have a tooth fall out and replace it with a gold one.
getting one this year
In some countries, some people have been consecrating graves to take out those gold teeth from the remains.
😂😂😂
@@beverleysmith3629 Ill put it in my will to use the gold tooth to pay for my burial or cremation. Direct payment to the mortuary and saves the family the trouble.
@@AD-ht3jl A new modern thought, for a funeral plan.🤣
What I don’t understand is why would you sell your ounces to a royalty company, just raise the capital through your shareholders with shares and a 5 year warrant.
Thank you for shilling Metalla every few weeks!
Hahaha
Is he talking about "metalla royalty and steaming ltd"? It's down from 1 year ago no?
can i collateralize my gold coins for a tax free USD loan at 5% apy like bitcoin?
What percent of the NAV will they lend?
@@MM12684 50% LTV at blockfi
Metal is a divestment in trust .
Bitcoin is an investment in trust .
They are printing away the problem..while debt aquisition is going on as small businesses are dying and defaulting, this most likely make the middleman lenders default as well in time as energy prices double and taxes rise..so I don't see how semi hyperinflation can be avoided..this hostile takeover could end direct deed ownership on a large scale for everyday people..as debts are bought up. The new owners or conglomerates aren't selling back at higher prices..they will léase it all out at the same rates as ownership..lease hold titles instead of freehold..you will pay the same price for a 20yr lease or 100yr lease as you would if you bought it. Mortgages will be given out to lease instead of to own..and stocks and bonds could be wiped out and replaced with stake holding, as this becomes more obvious the gold price will rise..
I am very exposed to precious metals right now. There are just too many long term, price positive structural mechanisms in play to ignore them.
What does other investments do? Against Bitcoin 25% looks terrible
I personally know 3 people who chose bitcoin investment over gold.
Wether right or wrong time will tell however money is definitely flowing out of gold into bitcoin.
Love E. B
Nothing like gold old fashioned common sense, thanks E. B. Tucker! (made a typo, but I'm leaving it in! :-) )
People wants to make quick money on cryptos because it goes up faster and sometimes drops deeper. Gambling That's it!
Reductionist view. Minus 10 points.
@@John-wf5if 🥓🥓🥓
2500 lol can't even get to 1900 stop this BS
I want that metalla hat!
Why doesn't MTA trade options?
Low volume and in a major exchange
Thing about EB, he doesn't hide that he is a salesperson.....i appreciate that and he is bold with his predictions but his analysis is correct. When gold does run, it will be dramatic!!
So what institution will be hit with another gold manipulation charge next???
To answer the question: MANIPULATION
Bitcoin has no intrinsic as gold, the only thing they shared is scarcity.
Gold is physical and is used in manufacture and products and it's an historic value asset..
Edward Buckingham Tucker!! :)
Agree with tucker that physical metal is a true privacy coin. Everything tracked and traced with crypto but great for trading (and tax collection)
Mr David Lin please ask David Cole from EMX Royalty for interview.
The gold price is 1845 not 1920?
I was actually thinking the same they got me confused when they said 1900. Current price I'm looking at 1855. Where did they see 1900/1920
The old bull and the young bull story really relates.Bitcoin is the young bull gold is the old bull.Great story
Bitcoin is fake digital. GOLD IS GOLD!