I've been watching videos like this for years on how to invest wisely with gold and silver on top of their Investments I will be getting in contact with you all this is one of the best videos to explain to people that don't understand like my daughter and my nephew on what they need to be doing
Mike is missing that BoE was not the first central bank, it was the Bank of Amsterdam at the beginning of the 17th century and the first 50 years it was a full convertible gold bank and did not lend money. Its success was because traders could exchange goods between them without moving gold personally but among their account in the bank. After that they were able to withdraw their gold if they want. Problems arose when the bank started to lend money to Dutch Indias company and Amsterdam government.
Mike Maloney is a cool cat. I have watched this presentation twice. I am SURE I will watch it again. I am currently obsessed with becoming educated on money and markets. Presentations like this make me understand that I am more informed than the fools who run the Fed and treasury. From Charlie Munger to Peter Schiff, you can get a master's degree in economics on RUclips. Thanks Wealthion !
We need a graph on which countries own the most gold to which countries own the least, over lapped by a graph that shows which countries have the most debt, to the least
Me thinketh Mike really knows his stuff and Adam is one of the best presenters, always listening, taking notes and providing intermittent clear and concise summaries.🙂 Thanks guys!!!
The difference between buying and selling prices of physical gold and silver must not be so high , such that American people can easily buy and sell. In Turkey if you buy a kilo of gold , you can sell back 100 $ less . I think also Americans are prohibited to keep gold many years , this also make them precautious about gold. I think the time has come. The value can go up to 5 6 times in a short time. Get prepared . Since the inflation is 5.7% and interest is 0.5% . Nobody can stand to lose 5% every year. Or you will lose 40% in Stock Exchange baloon.
@@danielturner9832 so when calculating do you just use the gd.and silver spot prices and not add VAT on the silver spot price when reckon the gold to silver ratio's?
Zimbabwean.. what lasted 12 years was -inflation then hyperinflation then deflation and then again hyperinflation do you people want to go and repeat this?
Compelling scenario. Does anyone have a view why an ETF following the gold spot price will or won't achieve this gold exposure? Or does physical gold make more sense.
@@andrewmarsden1970 physical only mate. In a world of unfunded and unpayable IOUs if you can't hold it you don't own it .. especially in a crisis of any kind. Good luck. Bullion by post not the cheapest but 100% reliable.
Great video. Mike is awesome for economic history and keeps speaking the truth about gold. I'm a Canadian, the moment I found out that our government was selling it's gold reserves I started buying physical gold hand over fist. While it's not really usable in our current circumstances, I'd rather have my physical gold as an insurance policy or even to pass it off to my children after I depart from this life. Either way, I've done my due diligence in protecting myself and my children financially if SHTF (among other investments I've made).
They will enter your home, outright steal anything of value and leave your family holding CBDCs and other promissory paper conveyances they can later use for kindling, that is if there aren't any new laws put in place to prevent this from happening..
Ya gotta LOVE historians who are dedicated to re-examining their premises and data sources to discover the truthiness and relevance of their stories. Mike, et al, THANK YOU for a wonderful presentation.
Mike, do you believe a re-pegging of gold to the USD would prevent the possibility of hyperinflation, if the USD were to eventually lose its reserve status. Before Volker passed away he believed if that were done, "the price of gold would have to e n o r m o u s", possibly well over $35,000/oz.
Since there are countries with more gold than the USA, the Fed will fight tooth n nail to prevent any gold based currency being in common use. That's exactly what Ghadaffi was going to do with his pan-African gold dinar
@@angelaj8958 yes good point, a US gold peg is more of a political risk than economic as a result - however default risk might outweigh geo political stability and the US will be forced to (if it happened I mean), except currently the US does have the highest gold reserves, if our adversaries pooled together to create a pseudo regional currency (similar to the euro but different continents) it would be greater than the US gold reserves, but fact is the politics in US would likely rather preserve economic "stability" and sacrifice geopolitical dominance than go into a depression which would likely result in giving up geopolitical dominance anyways
@@robs2579 Angela do you really believe that America still has all that gold? No we don’t and when the next Depression comes? They will no longer be able to hide that little fact. Then just like happened before, they government is going to demand that all Americans turn over their gold AGAIN! And we will start a new cycle in the history of our government screwing over and ripping off the American people. That is unless Americans open their eyes and stop fighting each other and start fighting the people who are destroying their beautiful country and their lives.
@@bjlecorno8468 collectively India has $1 trillion + in physical gold that is adorned jewelry, the US has gold... It's population has precious metals... Remonetizing gold will give the US, China, Russia, Switzerland more financial power as larger net holders of gold and would theoretically strengthen their respective banking sectors
In Weimar Germany they had horrible hyperinflation 1- Jan 1919 a Gold Mark Cost $170 (Paper Marks ($)) 2- Nov 1923 a Gold Mark Cost $87,000,000,000,000.00 Paper Marks a. That is 87000000000000/170 = 511,764,705,882 Times Higher Price.
No not forever. Americans are fed up with the government stealing from them. What do you think will happen when the dollar crashes, the government says they have lost the American citizens gold, and they want all Americans YET AGAIN to turn in all their gold and silver for the new currency? They have have sold out the American people time and time again. Millions of Americans have been broken financially so many times now and no longer even own a home. How much longer do you think they are going to put up with these criminals who are running their country into the ground? Even the military will not put up with working for no money after a while. Then what? Gold and silver are the only real money, but they charge a couple hundred dollars beyond spot price for physical and almost nothing for those pieces of paper that say you own gold. This done on purpose to keep Americans AWAY FROM PHYSICAL GOLD AND ANY OTHER PRECIOUS METALS. So when it all goes to hell, Americans get ripped off yet again.
Great video! I just picked up a tube of silver Roos. I'm in Canada...we have no gold reserves and sky high debt...more people need to stack some gold and silver.
There isn't enough gold to cover virtually any countries debt let alone all countries debt. This is a frivolous argument the fact is the world's economic output has gone well beyond the amount of gold available from the early 1960's. The gold prices spike in times of global uncertainty. But most of the time stay fairly stable. Self appointed experts playing on fears. A balanced portfolio property shares bonds art collectables ie art rare items cars etc then gold silver,platinum ,iron ironically,copper etc.
@@michaelenright1089 ... But your so-called "balanced portfolio" will only bring you profit if there are wealthy folks around to buy them. Do you really think there will be enough around with the courage to come out of their bunkers and buy it from you? If you do you've never lived in a third-world country or Europe during and after a major war.
@@michaelenright1089 balance and diversification are great, but people aren't borrowing huge sums of money for those assets, instead they're buying houses at sky high prices on incomes that can't withstand a 1% rate increase. Thats really the big problem and central banks around the world seem content to print against the monster of all debt bubbles. Plus not to mention the growing wealth gap among those of us who own those balanced portfolios and the 95% that don't. I think this is going to be a huge problem going forward.
@@dickh1253 do you not think people can live like they did before electricity??? Oh in the beginning the big cities would implode but where I live there's lots of farms. Lots of silver stackers own those farms. They are preppers. They don't trust the gov. I 100% know I could barter silver for food. Humans will always need something to barter with. Humans have always used silver and gold. I like where I live in America if the system crashed.
I think Gold could get up to as much as $3600 over the next decade or so, which would be phenomenal gains. I think it will dip again from where it is now first though.
Oh much higher than that. It has been suppressed for so long by this paper bullshit. They have been selling a thousand pieces of paper for every single physical ounce of gold that they have in their vaults! So what do you think will happen when fiat currencies crash all over the world? AND PEOPLE GO TO GET THEIR PHYSICAL GOLD? This will be the Crime of the Century. So many people are going to get screwed. Depending who you buy from, they don’t even have to pay you in actual gold, IT’S IN THE CONTRACT. So picture the dollar being worthless but they pay you in dollars. Or you go to get your physical gold and there is none because they never had enough gold in their vault because they have been allowed to cheat by not having enough gold to cover all those pieces of paper that are floating around? So only the very first few people will actually get their physical gold, MAYBE. These SOB are going to get rich off this scam beyond imagining. CRIME OF THE CENTURY. And then just wait until people discover after all this that AMERICA’S GOLD HAS ALL BEEN STOLEN AND THE GOVERNMENT WANTS TO RIP YOU OFF YET AGAIN BY DEMANDING THAT ALL AMERICANS TURN IN THEIR GOLD FOR THE NEW CURRENCY? I wonder when Americans will open their eyes and realize HOW MUCH WEALTH HAS BEEN STOLEN FROM THEM, AND THEIR ANCESTORS AS WELL, THROUGH THE LAST TWO CENTURIES BY THIS GOVERNMENT AND CORRUPT POLITICIANS WHO HAVE SOLD THEM OUT TO HIGHEST BIDDER? This government is nothing but a bunch of criminals who use fear, intimidation, and extortion to use Americans like slave labor and steal from them every time they bankrupt the piggy bank!
If I am not mistaken, in 2021 Warren Buffett completely sold out his gold miners, and Ray Dalio sold as well 42% his exposure to gold, so I dont know what are you talking about.
Fair point and I should have chosen my words more carefully. Buffett and Dalio DID indeed initially increase their exposure to gold/miners within the past 12 months, as I said. But Buffett then did exit Barrick, and Dalio took profits on GLD, as you've noted.
14:30 I disagree. I think you have by far more companies on exchanges than before. The number is higher. If you could add your local pizza store it would go even higher.. It's
I am afraid to buy more gold and silver. For one thing I lose about twenty cents on every dollar to buy gold and silver with Canadian dollars. When the US dollar goes for a shit then how do I value my gold.?? Should I buy renminbi???
Same as I would value. 11 years ago rate rub/USD was 28rub/1USD, 5 years ago we paid 60 rub for 1USD. Now we pay 90. Gold can be valued in euro and yuan, no matter how cheap rubel gets.
its not though, gold value depends on demand as well. If masses start to buy gold the price can only go up, because there is a lot of currency but much less gold on sale
It's true over long periods of time as gold keeps pace with inflation, for e.g. around the same amount of gold was paid to a Roman centurion In sesteritii as is paid to a (roughly equivalent) British Army Captian in GBP i.e., the captain is paid ~50,000 pounds in GBP which in gold (at 1500 $) would be ~ the same amount paid to the centurion..
21:41 - The world’s first central bank was founded in Sweden, not England. P.S.: Holland is two provinces (North and South Holland) of the Netherlands.
I have question Guys , If feed doesn’t rise rates next year gold will not rise right ? I’m long in uranium , silver and gold , first one which is the best choice i did , silver and gold has been pain in the ass !!!
Mike, I have a question. The $23106 price for gold only covers the amount of US dollars in circulation is that correct? What would the price be if you used the total amount of World currency? It won't be just Americans that are wanting gold....
I cannot understand why market players is unwilling to look at: - severe drought conditions (production of everything in supply chains to all food production in the US - corn, wheat, meat, milk, fruits etc - Coming water shortages (including vast problems in producing electricity!) - debt ceiling (Yellen has said they’ll run out of cash/solutions in mid September - not October!) - debt/GDP ratio NOW is 128… - downgrading is eminent ? - evictions on tenants - implications on housing prices - price heightening (gas, cars, food/meat + “shrinkflation) - 2% inflation…? - record high unemployment… Everything can’t grow through the cloud- US have to lift rates now and start tapering- not next year - then it will be far too late!
So, the fair value of mkt capitalization is 50-60% of the economy and/or PE of 15. We see a spike in valuations in the 21st century with elevated PE ratios and mkt cap as % of GDP. Does it not line up exactly with rising wealth inequality? Isn't it something like only 10% of Americans hold 90% of the mkt! So, if more and more wealth and income is concentrating at the top, you have fewer and fewer, very rich buyers. Thus, ultimately driving up the valuations both in terms of PE ratio and % of GDP. So, you can say that mkt is priced fairly in that sense.
PE-ratio time series is not very useful. The companies that were included in 1929 are very different from today's companies. The markets of the companies are global, and the technology is much more scaleble than something say railroad.
Gold constrained the US economy because there was not enough of it to represent the value of US assets. A sovereign states currency is backed by the value of assets controlled by that states government
Cannabis economicus -an economic policy that assumes an optimal projection of variables that don't exist, have never existed, and that assumes maximum returns without accounting for exogenous shocks or reality.
Mike, I appreciate the research and your background. But can you please explain why the fixation with a stock market crash or valuation extremes? Apparently, data shows that no matter if stock are going up or down that is no issue for gold, rather it is the monetary risk that matters, or the real rates. Perhaps I'm missing someting and any explanation would be appreciated.
You are missing a lot. Let me ask you this, why do you think they a couple of hundred dollars over spot on physical gold, but hardly anything at all for pieces of paper that say you own gold? Because they are able to suppress the price of gold by selling a thousand pieces of paper for every one physical ounce of gold in their vault. So they are discouraging all Americans from buying gold. That way when the economy crashes, AND IT WILL SOON, all you will have is a worthless piece of paper. Once gold can no longer be suppressed it will skyrocket. Do the math on one thousand times what gold is right now, then imagine how much money people are going to get ripped off for in America alone.
😂🤣😂 Hang on to it! I have one too. What’s nice about them is that they are first metal detector that can locate gold as well as any other metals. It was either detectors that only went after gold like that gold monster, which I heard is great and really expensive detectors that cost 10,000 and up. The 800 is is nice once you get used to it, and price is not bad either. It’s nice to have if you are trying to locate gold deposits to run through a sluice box. Saves you a lot of work searching. And that is going to be nice when gold goes even higher.
The fundamental problem with gold as a 100% backing of currency, is that it cant expand reserves fast enough to respond to expanding economies. The prosperity we have today is a result the flexible fiat currency expansion. It is not a perfect system. Its biggest weakness is that it relies on debt notes as liquid collateral. The system works as long as the demand for new currency is steadily expanding. What you didnt tske into account, is how the demand for currency is decreasing world wide, because the worlds birth rate is crashing. No increasing new people being born, equals a dramatic decrease in socio-economic expansion. Everything including gold ,is about to drop in value. Globaly ,we are facing a massive economic contraction. It wont stop until people decide to have children again.
Of course they will reach their unemployment goal, they will cook the number just like they have been for decades. We know the real unemployment rate right now is over 15%, the fact that they do not count people no longer looking for jobs allows them to publish any number they like.
Say, it's only a paper moon Sailing over a cardboard sea But it wouldn't be make-believe If you believed in me Yes, it's only a canvas sky Hanging over a muslin tree But it wouldn't be make-believe If you believed in me
I'm not sure the gold advocates are correct. Interest rates are extremely low and large amounts of currency has been created. Debts public and private are at all time highs and yet gold and silver prices don't seem to reflect any of this.
The reason for no USD hyperinflation is the demand for USD around the rest of the world! Where else do you park money if not in USD based cash or equities etc. USD will be the last currency standing, and I'm not American!
@@thomasrpoulsen There will be heavy inflation at least until 2024, then it will be volatile but not hyper. Hyper only happens when you have a collapse of confidence in the governments of that currency - well we can see that happening but not just yet. Despite what is going on in the USA, it will be the receiver of world capital flows for a lot longer than the other Western economies as they are in much worse condition. The changes have been set for a shift or power to the East a long time ago. This is really also a question of timing and perspective - Macro the USA will not be the biggest economic power by 2032. ALL assets will rise against the loss of purchasing power as fiat Western governments are crippled by slowing growth and massive social welfare cost and debt burdens. Gold is a great and consistent hedge against governments and inflation, but already it has massively under-performed oil, wheat, grains etc. The down legs in government coming up: ECash, cancelling paper, probably writing off the debt, followed by a pension crisis of epic proportions, so UBI will be implemented as pension funds are ceased to fund it. All of which are going to force us to be traders of physical assets as inflation and shortages continue a pace. Inflation is a massive concern for me right now, but people are still chasing USD. It might be of note that Japan was unable to issue currency for around 600years so had to use Chinese instead. How will the USA collapse, well Rome was the last big republic like it and yes they did experience a devaluing of the gold content in coinage over a long time...How did that end...well (vast over simplification) but the people of Rome just walked out and left there homes - refused to pay. Its funny that's also why we find Rome hoards of coins buried. Where do we go? Really good to have the debate! Cheers question!
But as the currency in circulation supposedly grows (as on this chart you showed) the velocity of money continues to fall? (M2). This really shows that somebody (Scrooge McDuck?) is stashing the fiat currency away somewhere. Up until the pandemic, the cash was accumulating at the banks/hedge funds etc. pushing up stocks and asset prices...we know that...but recently John Doe has been getting some of it...part of the cause of the general inflationary increase, I guess. But a lot of this is short term (coming to an end abruptly). I think the inflation/deflation scenarios are both still in play. But I'm keeping my gold anyway!
Maybe instead of putting it back into the system, everyone is starting to wake up and buy things gold, silver, long term food, guns, bullets, and anything else that they can use to survive what is coming. So that might explain why people aren’t wasting money on the stock market, which really you would have better odds at a Vegas casino at this point. People are starting to realize that the country is in great danger as we have a bunch of traitors running it and they don’t give a damn about them. You are smart to keep your gold. We just have to ride this out, and the payoff will be great. Those who have physical gold going to be fine, those who bought pieces of paper will be screwed.
The answer to the question start 33: 00
Thank you.
THANK YOUUUUUU!
Mike Maloney does a great job explaining what REALITY IS.
This is an outstanding teaching by Mike on historical trends and where we are heading.
Mike is a national treasure
I say International treasure
@@sheevamatimbas4300 Good catch
You might even say, he's...... worth his weight in gold
I've been watching videos like this for years on how to invest wisely with gold and silver on top of their Investments I will be getting in contact with you all this is one of the best videos to explain to people that don't understand like my daughter and my nephew on what they need to be doing
Mike Maloney taught me money!
Mike is missing that BoE was not the first central bank, it was the Bank of Amsterdam at the beginning of the 17th century and the first 50 years it was a full convertible gold bank and did not lend money. Its success was because traders could exchange goods between them without moving gold personally but among their account in the bank. After that they were able to withdraw their gold if they want.
Problems arose when the bank started to lend money to Dutch Indias company and Amsterdam government.
previous ventures were financed with private money as shares or a subscription
Mike Maloney is a cool cat.
I have watched this presentation twice. I am SURE I will watch it again.
I am currently obsessed with becoming educated on money and markets. Presentations like this make me understand that I am more informed than the fools who run the Fed and treasury.
From Charlie Munger to Peter Schiff, you can get a master's degree in economics on RUclips.
Thanks Wealthion !
Mike Maloney is a treasure. His presentations are truly awesome. Nuff said.
We need a graph on which countries own the most gold to which countries own the least, over lapped by a graph that shows which countries have the most debt, to the least
Indians people hve have the most china comes second and russia is 3 rd and germany 4th and italy 5 and adia fellows
India owns the most, mostly because it is part of their religion.
Now I see the bigger picture. I’m going to listen to this gem of a video a couple of times more.
Me thinketh Mike really knows his stuff and Adam is one of the best presenters, always listening, taking notes and providing intermittent clear and concise summaries.🙂
Thanks guys!!!
The difference between buying and selling prices of physical gold and silver must not be so high , such that American people can easily buy and sell. In Turkey if you buy a kilo of gold , you can sell back 100 $ less . I think also Americans are prohibited to keep gold many years , this also make them precautious about gold. I think the time has come. The value can go up to 5 6 times in a short time. Get prepared . Since the inflation is 5.7% and interest is 0.5% . Nobody can stand to lose 5% every year. Or you will lose 40% in Stock Exchange baloon.
Because of Mike Maloney and his first book, I DO own gold and silver. Since 2008 I have stacked and continue the process. Well done! A+
Bummer, the S&P has trounced gold over that time period.
Silver will never hit 30.00 started buying 1980s. Big mistake
31min25sec on wards. Mike nails it in his inimitable style.
But where is $200 silver that he said will happen in summer 2021 🤣.
He is the biggest liar and scammer of precious metal industry mike Maloney
Would you still invest in silver or just prioritise in gold?
Look at the gold/silver ratio over time and it will answer your question. Rely on the data readily available and skip personal opinion.
@@danielturner9832 so when calculating do you just use the gd.and silver spot prices and not add VAT on the silver spot price when reckon the gold to silver ratio's?
Zimbabwean.. what lasted 12 years was -inflation then hyperinflation then deflation and then again hyperinflation do you people want to go and repeat this?
Compelling scenario. Does anyone have a view why an ETF following the gold spot price will or won't achieve this gold exposure? Or does physical gold make more sense.
If crap really hits the fan physical gold but if you believe more of kick can down road strategy in world governments then paper is okay,
@@windowsvistasuxalot Thanks.
@@andrewmarsden1970 physical only mate. In a world of unfunded and unpayable IOUs if you can't hold it you don't own it .. especially in a crisis of any kind. Good luck. Bullion by post not the cheapest but 100% reliable.
@@nickahr2820 Thanks
Great video. Mike is awesome for economic history and keeps speaking the truth about gold. I'm a Canadian, the moment I found out that our government was selling it's gold reserves I started buying physical gold hand over fist. While it's not really usable in our current circumstances, I'd rather have my physical gold as an insurance policy or even to pass it off to my children after I depart from this life. Either way, I've done my due diligence in protecting myself and my children financially if SHTF (among other investments I've made).
They will enter your home, outright steal anything of value and leave your family holding CBDCs and other promissory paper conveyances they can later use for kindling, that is if there aren't any new laws put in place to prevent this from happening..
@Andrew Zanas do you have any source to verify your info or are you just fear mongering?
Warren Buffet does not advocate investing in gold yet he has increased his exposure to gold. Which is correct?
Both.
@@petrosnemardosMr Buffet... "Do as I say, not as I do"
@@Mangsaab1954 exactly !
I have my own reason to despise this Man and his organization. Theft is theft no matter how you label it.
But when? I have been holding my gold stocks for nearly a year and they been down the entire time WTH.
Ya gotta LOVE historians who are dedicated to re-examining their premises and data sources to discover the truthiness and relevance of their stories. Mike, et al, THANK YOU for a wonderful presentation.
Great video. I’ve been stacking silver for a while and just ordered my first gold. Thank you for the honesty in a time where we swim in a sea of lies.
You should also try buying cryptocurrencies too like Bitcoin, or even Ethereum
Excellent thank you Gentlemen God Bless from Oz Down Under
2022.ounce.price.?...
Mike, do you believe a re-pegging of gold to the USD would prevent the possibility of hyperinflation, if the USD were to eventually lose its reserve status. Before Volker passed away he believed if that were done, "the price of gold would have to e n o r m o u s", possibly well over $35,000/oz.
I found you, my lost brother.
Since there are countries with more gold than the USA, the Fed will fight tooth n nail to prevent any gold based currency being in common use. That's exactly what Ghadaffi was going to do with his pan-African gold dinar
@@angelaj8958 yes good point, a US gold peg is more of a political risk than economic as a result - however default risk might outweigh geo political stability and the US will be forced to (if it happened I mean), except currently the US does have the highest gold reserves, if our adversaries pooled together to create a pseudo regional currency (similar to the euro but different continents) it would be greater than the US gold reserves, but fact is the politics in US would likely rather preserve economic "stability" and sacrifice geopolitical dominance than go into a depression which would likely result in giving up geopolitical dominance anyways
@@robs2579 Angela do you really believe that America still has all that gold? No we don’t and when the next Depression comes? They will no longer be able to hide that little fact. Then just like happened before, they government is going to demand that all Americans turn over their gold AGAIN! And we will start a new cycle in the history of our government screwing over and ripping off the American people. That is unless Americans open their eyes and stop fighting each other and start fighting the people who are destroying their beautiful country and their lives.
@@bjlecorno8468 collectively India has $1 trillion + in physical gold that is adorned jewelry, the US has gold... It's population has precious metals... Remonetizing gold will give the US, China, Russia, Switzerland more financial power as larger net holders of gold and would theoretically strengthen their respective banking sectors
Mike = legend
Well, it's been 4 weeks and you are correct again. 🙋♀️
New subscriber over from Maloney's channel, thx for the content!
Welcome!
In Weimar Germany they had horrible hyperinflation
1- Jan 1919 a Gold Mark Cost $170 (Paper Marks ($))
2- Nov 1923 a Gold Mark Cost $87,000,000,000,000.00 Paper Marks
a. That is 87000000000000/170 = 511,764,705,882 Times Higher Price.
It is still a "manipulated" market,always has been and always will be,along with the stock market and Crypto.
Stick it under your mattress then
No not forever. Americans are fed up with the government stealing from them. What do you think will happen when the dollar crashes, the government says they have lost the American citizens gold, and they want all Americans YET AGAIN to turn in all their gold and silver for the new currency? They have have sold out the American people time and time again. Millions of Americans have been broken financially so many times now and no longer even own a home. How much longer do you think they are going to put up with these criminals who are running their country into the ground? Even the military will not put up with working for no money after a while. Then what? Gold and silver are the only real money, but they charge a couple hundred dollars beyond spot price for physical and almost nothing for those pieces of paper that say you own gold. This done on purpose to keep Americans AWAY FROM PHYSICAL GOLD AND ANY OTHER PRECIOUS METALS. So when it all goes to hell, Americans get ripped off yet again.
What a wealth of information and knowledge!
Great video! I just picked up a tube of silver Roos. I'm in Canada...we have no gold reserves and sky high debt...more people need to stack some gold and silver.
@Cardinal Sin yes, I guess the government plans on nationalization of gold mines. Even Australia has 80 tons.
There isn't enough gold to cover virtually any countries debt let alone all countries debt.
This is a frivolous argument the fact is the world's economic output has gone well beyond the amount of gold available from the early 1960's.
The gold prices spike in times of global uncertainty.
But most of the time stay fairly stable.
Self appointed experts playing on fears.
A balanced portfolio property shares bonds art collectables ie art rare items cars etc then gold silver,platinum ,iron ironically,copper etc.
@@michaelenright1089 ... But your so-called "balanced portfolio" will only bring you profit if there are wealthy folks around to buy them. Do you really think there will be enough around with the courage to come out of their bunkers and buy it from you? If you do you've never lived in a third-world country or Europe during and after a major war.
@@michaelenright1089 balance and diversification are great, but people aren't borrowing huge sums of money for those assets, instead they're buying houses at sky high prices on incomes that can't withstand a 1% rate increase. Thats really the big problem and central banks around the world seem content to print against the monster of all debt bubbles. Plus not to mention the growing wealth gap among those of us who own those balanced portfolios and the 95% that don't. I think this is going to be a huge problem going forward.
@@dickh1253 do you not think people can live like they did before electricity??? Oh in the beginning the big cities would implode but where I live there's lots of farms. Lots of silver stackers own those farms. They are preppers. They don't trust the gov. I 100% know I could barter silver for food. Humans will always need something to barter with. Humans have always used silver and gold. I like where I live in America if the system crashed.
I think Gold could get up to as much as $3600 over the next decade or so, which would be phenomenal gains. I think it will dip again from where it is now first though.
Oh much higher than that. It has been suppressed for so long by this paper bullshit. They have been selling a thousand pieces of paper for every single physical ounce of gold that they have in their vaults! So what do you think will happen when fiat currencies crash all over the world? AND PEOPLE GO TO GET THEIR PHYSICAL GOLD? This will be the Crime of the Century. So many people are going to get screwed. Depending who you buy from, they don’t even have to pay you in actual gold, IT’S IN THE CONTRACT. So picture the dollar being worthless but they pay you in dollars. Or you go to get your physical gold and there is none because they never had enough gold in their vault because they have been allowed to cheat by not having enough gold to cover all those pieces of paper that are floating around? So only the very first few people will actually get their physical gold, MAYBE. These SOB are going to get rich off this scam beyond imagining.
CRIME OF THE CENTURY.
And then just wait until people discover after all this that AMERICA’S GOLD HAS ALL BEEN STOLEN AND THE GOVERNMENT WANTS TO RIP YOU OFF YET AGAIN BY DEMANDING THAT ALL AMERICANS TURN IN THEIR GOLD FOR THE NEW CURRENCY? I wonder when Americans will open their eyes and realize HOW MUCH WEALTH HAS BEEN STOLEN FROM THEM, AND THEIR ANCESTORS AS WELL, THROUGH THE LAST TWO CENTURIES BY THIS GOVERNMENT AND CORRUPT POLITICIANS WHO HAVE SOLD THEM OUT TO HIGHEST BIDDER? This government is nothing but a bunch of criminals who use fear, intimidation, and extortion to use Americans like slave labor and steal from them every time they bankrupt the piggy bank!
🤩One can only hope👍🌈
If I am not mistaken, in 2021 Warren Buffett completely sold out his gold miners, and Ray Dalio sold as well 42% his exposure to gold, so I dont know what are you talking about.
Fair point and I should have chosen my words more carefully. Buffett and Dalio DID indeed initially increase their exposure to gold/miners within the past 12 months, as I said. But Buffett then did exit Barrick, and Dalio took profits on GLD, as you've noted.
Physical gold is what you need. Not the stock!
Even now GOLD was used in semiconductor... imagine the demand will increase over time
14:30
I disagree.
I think you have by far more companies on exchanges than before. The number is higher. If you could add your local pizza store it would go even higher..
It's
Gold 🥇= 💰keep your Gold it going ☁️🚀🚀🚀🚀🚀🚀
Thanks guys
Love Mike Maloney 😊
Where 10 yr heading ?
Or will mortgages go up or down ?
I’ve been buying gold dipping for over a year now. Looking forward to the big dip under 1500 so I can really load up.
Excellent presentation from Mike. Thank you Adam/Wealthion 👍
Can you review San Joaquin County California?
Relevant Nov. 2022✨👍✨
I think they will back currencies with 10k gold. They will revalue everything and gold and silver.
I am afraid to buy more gold and silver. For one thing I lose about twenty cents on every dollar to buy gold and silver with Canadian dollars. When the US dollar goes for a shit then how do I value my gold.?? Should I buy renminbi???
Same as I would value. 11 years ago rate rub/USD was 28rub/1USD, 5 years ago we paid 60 rub for 1USD. Now we pay 90. Gold can be valued in euro and yuan, no matter how cheap rubel gets.
Wow, excellent presentation!
Thank you for this. It makes me more confident in my investment decisions.
Great presentation
Will new discovery of gold decrease the value of gold?
Mike, that was just outstanding. Thanks so much.
This is a misconception. The gold value is always the same, only the currencies fluctuate around it, usually it "gets expensive" because of inflation.
its not though, gold value depends on demand as well. If masses start to buy gold the price can only go up, because there is a lot of currency but much less gold on sale
Not true at all
It's true over long periods of time as gold keeps pace with inflation, for e.g. around the same amount of gold was paid to a Roman centurion In sesteritii as is paid to a (roughly equivalent) British Army Captian in GBP i.e., the captain is paid ~50,000 pounds in GBP which in gold (at 1500 $) would be ~ the same amount paid to the centurion..
21:41 - The world’s first central bank was founded in Sweden, not England.
P.S.: Holland is two provinces (North and South Holland) of the Netherlands.
Great presentation!
I have question Guys , If feed doesn’t rise rates next year gold will not rise right ? I’m long in uranium , silver and gold , first one which is the best choice i did , silver and gold has been pain in the ass !!!
Wow thank you Jeff!
Mike, I have a question. The $23106 price for gold only covers the amount of US dollars in circulation is that correct? What would the price be if you used the total amount of World currency? It won't be just Americans that are wanting gold....
I cannot understand why market players is unwilling to look at:
- severe drought conditions (production of everything in supply chains to all food production in the US - corn, wheat, meat, milk, fruits etc
- Coming water shortages (including vast problems in producing electricity!)
- debt ceiling (Yellen has said they’ll run out of cash/solutions in mid September - not October!)
- debt/GDP ratio NOW is 128… - downgrading is eminent ?
- evictions on tenants - implications on housing prices
- price heightening (gas, cars, food/meat + “shrinkflation) - 2% inflation…?
- record high unemployment…
Everything can’t grow through the cloud- US have to lift rates now and start tapering- not next year - then it will be far too late!
Nice teamwork!
Thank you both....
>>>>> SDRs ?
Then why are metals so cheap? Stocks and real estate continue to blow away metals.
Imagine if we got wealthy off precious metals and theres no houses to buy ..
Wasnt the first central bank swedish?
So, the fair value of mkt capitalization is 50-60% of the economy and/or PE of 15. We see a spike in valuations in the 21st century with elevated PE ratios and mkt cap as % of GDP.
Does it not line
up exactly with rising wealth inequality? Isn't it something like only 10% of Americans hold 90% of the mkt!
So, if more and more wealth and income is concentrating at the top, you have fewer and fewer, very rich buyers.
Thus, ultimately driving up the valuations both in terms of PE ratio and % of GDP.
So, you can say that mkt is priced fairly in that sense.
Thanks Adam and Mike.
Silver and gold 100X!
I get it. What now? Any suggestions?
PE-ratio time series is not very useful. The companies that were included in 1929 are very different from today's companies. The markets of the companies are global, and the technology is much more scaleble than something say railroad.
Brilliant and critically important as usual from the great MM.
Gold constrained the US economy because there was not enough of it to represent the value of US assets.
A sovereign states currency is backed by the value of assets controlled by that states government
Mineable Gold/Silver ratio @ 9/1 would be about $2,500.00 dollar Silver?
Great video! So informative.
I wish you had asked what he thought the price of silver would be! I haven't finished watching so, fingers crossed, you did!
they usually move to same direction
1 to 15 ratio...
How about the "Amsterdam wisselbank" (1600s), and the Venetian similar institutions?
Were those not the first sort of central banks?
Fantastic presentation
Cannabis economicus -an economic policy that assumes an optimal projection of variables that don't exist, have never existed, and that assumes maximum returns without accounting for exogenous shocks or reality.
I love this channel - always the best perspectives shared.
Better question is how low the Gold can goo. Today 2.53% and cannot be stopped.
You need to add dividens to the SnP, less your fund managers annual charges to be fair.
The game is up
Mike one sentenced missed related to hyperinflation and should have mentioned that gold is to b mined and fiat currency is printed....ssimple
Mike, I appreciate the research and your background. But can you please explain why the fixation with a stock market crash or valuation extremes? Apparently, data shows that no matter if stock are going up or down that is no issue for gold, rather it is the monetary risk that matters, or the real rates. Perhaps I'm missing someting and any explanation would be appreciated.
You are missing a lot. Let me ask you this, why do you think they a couple of hundred dollars over spot on physical gold, but hardly anything at all for pieces of paper that say you own gold? Because they are able to suppress the price of gold by selling a thousand pieces of paper for every one physical ounce of gold in their vault. So they are discouraging all Americans from buying gold. That way when the economy crashes, AND IT WILL SOON, all you will have is a worthless piece of paper. Once gold can no longer be suppressed it will skyrocket. Do the math on one thousand times what gold is right now, then imagine how much money people are going to get ripped off for in America alone.
So WHEN will the gold price rise? Same price now as 10 years ago.
When? When everything goes to hell.
@@shubaldovakin4976 If everything goes to hell so will the gold price.
It will raise enough! 👌
Great presentation. Thank you
"Everything is worth what its purchaser will pay for it."
Perhaps a far better question to ask is how much more will the dollar fall? Yes?
This presentation is truly awesome!
Thankyou
If gold went to $23,000 is im wondering how much my equinox800 with the gold finding coil will be worth?
😂🤣😂 Hang on to it! I have one too. What’s nice about them is that they are first metal detector that can locate gold as well as any other metals. It was either detectors that only went after gold like that gold monster, which I heard is great and really expensive detectors that cost 10,000 and up. The 800 is is nice once you get used to it, and price is not bad either. It’s nice to have if you are trying to locate gold deposits to run through a sluice box. Saves you a lot of work searching. And that is going to be nice when gold goes even higher.
Love the run-through of the budget assumptions.
The fundamental problem with gold as a 100% backing of currency, is that it cant expand reserves fast enough to respond to expanding economies. The prosperity we have today is a result the flexible fiat currency expansion. It is not a perfect system. Its biggest weakness is that it relies on debt notes as liquid collateral. The system works as long as the demand for new currency is steadily expanding. What you didnt tske into account, is how the demand for currency is decreasing world wide, because the worlds birth rate is crashing.
No increasing new people being born, equals a dramatic decrease in socio-economic expansion.
Everything including gold ,is about to drop in value. Globaly ,we are facing a massive economic contraction. It wont stop until people decide to have children again.
Of course they will reach their unemployment goal, they will cook the number just like they have been for decades. We know the real unemployment rate right now is over 15%, the fact that they do not count people no longer looking for jobs allows them to publish any number they like.
Please continue to try to pass the TRAITOR TRUMP U entrance exam and don't forget to send all your money to the traitor Trump Charitable Foundation .
The real question is how low can it go
Platinum!!!
Say, it's only a paper moon
Sailing over a cardboard sea
But it wouldn't be make-believe
If you believed in me
Yes, it's only a canvas sky
Hanging over a muslin tree
But it wouldn't be make-believe
If you believed in me
I'm not sure the gold advocates are correct. Interest rates are extremely low and large amounts of currency has been created. Debts public and private are at all time highs and yet gold and silver prices don't seem to reflect any of this.
I love it, the only reason why there hasn’t been a hyperinflation in a reserve currency is because they were always backed by gold!!! Until now!
Huh? Always backed by gold? Not for last 50 years
@@tomivanov5265 I believe that’s what he’s saying. This has been brewing for 50 years
The reason for no USD hyperinflation is the demand for USD around the rest of the world! Where else do you park money if not in USD based cash or equities etc. USD will be the last currency standing, and I'm not American!
@@FiscalWoofer are you sure also now?
@@thomasrpoulsen There will be heavy inflation at least until 2024, then it will be volatile but not hyper. Hyper only happens when you have a collapse of confidence in the governments of that currency - well we can see that happening but not just yet. Despite what is going on in the USA, it will be the receiver of world capital flows for a lot longer than the other Western economies as they are in much worse condition. The changes have been set for a shift or power to the East a long time ago. This is really also a question of timing and perspective - Macro the USA will not be the biggest economic power by 2032. ALL assets will rise against the loss of purchasing power as fiat Western governments are crippled by slowing growth and massive social welfare cost and debt burdens. Gold is a great and consistent hedge against governments and inflation, but already it has massively under-performed oil, wheat, grains etc. The down legs in government coming up: ECash, cancelling paper, probably writing off the debt, followed by a pension crisis of epic proportions, so UBI will be implemented as pension funds are ceased to fund it. All of which are going to force us to be traders of physical assets as inflation and shortages continue a pace. Inflation is a massive concern for me right now, but people are still chasing USD. It might be of note that Japan was unable to issue currency for around 600years so had to use Chinese instead. How will the USA collapse, well Rome was the last big republic like it and yes they did experience a devaluing of the gold content in coinage over a long time...How did that end...well (vast over simplification) but the people of Rome just walked out and left there homes - refused to pay. Its funny that's also why we find Rome hoards of coins buried. Where do we go? Really good to have the debate! Cheers question!
So why is gold going down?
It's on sale for your benefit
But as the currency in circulation supposedly grows (as on this chart you showed) the velocity of money continues to fall? (M2). This really shows that somebody (Scrooge McDuck?) is stashing the fiat currency away somewhere. Up until the pandemic, the cash was accumulating at the banks/hedge funds etc. pushing up stocks and asset prices...we know that...but recently John Doe has been getting some of it...part of the cause of the general inflationary increase, I guess. But a lot of this is short term (coming to an end abruptly). I think the inflation/deflation scenarios are both still in play. But I'm keeping my gold anyway!
Maybe instead of putting it back into the system, everyone is starting to wake up and buy things gold, silver, long term food, guns, bullets, and anything else that they can use to survive what is coming. So that might explain why people aren’t wasting money on the stock market, which really you would have better odds at a Vegas casino at this point. People are starting to realize that the country is in great danger as we have a bunch of traitors running it and they don’t give a damn about them. You are smart to keep your gold. We just have to ride this out, and the payoff will be great. Those who have physical gold going to be fine, those who bought pieces of paper will be screwed.
Who is selling the gold to the accumulating CBs?