Everyone forgets that the average life of a fiat currency is 40 years ... we're going on 50 years from Nixon unlinking gold from the dollar. Ever since, we've seen increasing runaway money printing and skyrocketing debt, skyrocketing debt service costs, etc. Gold has been a store of real wealth for 4,000 years. And, why are the wealthiest, central banks, governments stockpiling gold, and storing it in ultra-secure vaults like the one inside a mountain in Switzerland ...
JNS you are correct in all that you say except for one statement. The US Dollar currency began in practical terms in 1914 when it was first created. The US Dollar had many up and down cycles since then but the main crash was in 1971 when it became very low in terms of purchasing power. That’s why Nixon was told to release gold from being the backing of the US Dollar. Countries were demanding their gold back because the Dollar had failed. Instead a new agreement with OPEC (the brainchild of that arrangement was Ohmar Kadaffi from Egypt but few people know this and just assume it was the Saudis) was to go to the liquid gold of petroleum. This because known as the petrodollar. In US Dollar terms, gold and silver became the go to back up money anyways by investors and the public despite attempts by the international banking cartels saying otherwise. Anyone remembering the 1970’s and early 1980’s had high inflation.
A slowed down interpretation: In 1970 you had a one oz. of gold coin which cost about $65.00 and a brand new $100.00 bill... You sealed these up in a capsule and forgot about them until today... Well, today, you still got a 100 Dollar bill, but you now have a coin worth at least $1850.00 ... This is why you buy and hold precious metals....
Congratulations mate, you made $1785...in 50 YEARS. That doesn't factor in inflation by the way 🤣🤣🤣 Give me 50 years and I'll make millions or billions not $1785
That is the word....right there. You know why people keep asking? Its because they just can't bring themselves to see the truth yet, and are desperate some other reason.
@@nirtlocj It will go up. but the world is changing. there are better stores of value. Look how much money was printed globally last year and gold went up what 25%? Its a joke at this point.
@@dreamofice361 because the silver price is manipulated with paper contracts on the comex. Increased physical demand will trump those paper contracts and silver will be fair value.
If you're buying physical today at these prices you'll be doing very good in 10 years, ignore day to day noise. Metals an alternate to a savings account.
@@PreciousMetalinvest sure seems that way to this amateur. The minute I talked about silver a while back it blew up. Now I’m wondering about gold exactly why you mention
I’m predicting 25k gold and 200 dollar silver betwixt 3-5 years. I won a large bet that gold would hit $2,000 before the end of 2020. I was paid very well. I reinvested it on a few more ounces of AU. Best of luck to all. 🤞
@@kwamebushman606 It doesn't matter if it doesn't stop. Price will get squeezed up overtime as there is only so far and so long you can push it down with paper. It's just delayed, that's all. If it wasn't manipulated, I couldn't have bought in at $14 so I'm not whining at all :-)
@@siddharth0401 because this system is unsustainable and it will collapse and your eft’s will be worthless. Dig a hole under your house and vacuum seal physical and bury it. If you don’t hold it you don’t own it. People like you are perpetuating a corrupt system. Pat yourself on the back if that makes you feel good.
@@huemann7637 I don't fully agree with that logic, if it comes to that kind of doomsday where sov guarantees don't work then in that situation which individual or institution would be solvent enough to buy your physical gold
His brain is working faster than the words will allow! Very good interview, maybe replay it at 0.75x speed! Same for Anna Gulibova's reports. It would be fun to have her interview Dan Oliver.
Kitco with David are performing a truly excellent public service with class interviews of this type. They are accurate and intelligent and in the current absence of a factual media the public are desperately seeking advice and information of a truthful nature that the lying media no longer supply. It is into this vacuum that Kitco has stepped. Oh that there were many more like you. Well done Kitco.
And platinum! It has a high melting point so it is not ideal for minting into coins. That is why platinum coins should have extremely high face value. It is much rarer than gold. You could make the same case for Iridium or any of the other platinum group metals except for Osmium since Osmium oxide is toxic and you wouldn’t want to carry that around.
@@user-DongJ that's because they debase coins in circulation by pulling out valuable metals serving as coinage and replace valuable metal coinage with less valuable metals as the Romans did during the diocletian era esp.
@@roccoforte6889 - Ok. But they are still accepted as payments yes? So what makes valuable metals “valuable” back in the Roman days? Greed? Dreams? Hope? Envy? Politics? Religion? Superstitions?
Good interview. Reinforced my overall macro view. US has two choices as its endgame (in the next 2-6 years): let inflation run hot and devastate the its economy but cleans up its debt or raise interest rates and devastate the stock market and financial system. Gold will be good in either case
Gold miners kicked in the guts again today on the Aussie exchange ! If I wasn't paranoid, I'd think someone or something is trying to shake me out of my position !!
Inflation is not a self fulfilled profecy. Ita very very simple: you print more money for the same amount of products, thus money is worth less. I'm argentinian, 90 years of inflation and running, I know what I'm talking about.
Prices go up on a daisy basis. No one knows what anything really costs. Politicians blame supply chains and anyone but themselves, yet they keep deficits and welfare through the roof whilst destroying the value of the peso. The rich keep richer, the poor poorer. Middle class will cease to exist soon. It's the road to Venezuela. The one thing that keeps on stable is the hige amount of pesos the central bank prints, so they keep losing value as nobody wants it.
How much are people dying, committing suicide, families broken, robberies, shelter, electricity, medicine and all that bc when America fails the whole world fails. Right now other countries aren’t destroyed to get resources.
@@cholopepper thank you for sharing. It seems arhethas been on this road for a long time, and the citizens have not made change with their votes. Are people preferring to use USD dollars or still pesos? What about gold and silver, are people saving it?
1:23 Great point by the guest, that gold nominal price does not go up in a vacuum. It means the dollar is losing purchasing power. 1:27 Look at gold as the metric in terms of the Fed Res’s balance sheet... That comment sums it up. 👏🏾👍🏾 1:50 In 1980s when gold shot up to $850/oz, only time when Fed Res debt notes were fully backed by gold. Awesome. Only other person I ever heard bringing up these facts has been Mike Maloney.
Yeah, $10K gold will only go to $10k when the dollar devalues....so, the purchasing power of 1oz of gold doesn't change.... Why the fascination with the dollar denominated value of gold? I don't get it......if the dollar goes to 0.....would you sell your gold for $100.000.000.000.000.000.000.00 of dollars.....no you wouldn't......so who gives a hoot what the dollar price is for gold.....I want to know about the purchasing power......how about that for a change. How much farmland, or commercial property, or residential property will I be able to buy when the dollar collapses....that's what I want to know....geesh.
manongahela A Question for you , in a Hyper Inflation situation i know the Money losses Value and everything goes up , but does the price of Houses go up ? Does your Rent go up , how can Rent go up or Everyone would be Homeless right ? So in your example if i had 3 oz of Gold what would that buy me , what about a Motorhome that say today is worth $50k , how much would that Motorhome be going for if the Dollar Collapsed ? What would a Gallon of fuel cost to run your car ? Plus nobody would work if your wages only bought a loaf of bread and a tin of tuna a day , people would turn to crime and looting in a very short time , no food you've got serious aggro More Questions than Answers
When u have surplus cash, after u have invested the rest, u dont want to keep it in the bank. U buy gold to protect its value, of ur hard earned wealth
Great interview! Dan Oliver just gave us all the road map to follow. He's spending his money before it's too late. Gold is King, not the dollar. The dollar will only hold on a bit more. The next stimulus check should hurtle us into some serious inflation. Get Oliver back on in a couple of months.
In my opinion. One should buy first Lithium Battery producers ( excample NLC Neo Lithium corp in CAD ) and Silver . Both due to the mandatory shift to electrical power in US and Europe. Gold is a very good hedge against the fiat money printing in the US and EU.
People don’t read history and therefore the risk out there is enormous and the faith in fiat will inevitably diminish rapidly. I wouldn’t be surprised if we already have a banking crisis this month and a government crisis next month
Imagine being a public employee who hasn't missed a paycheck and still getting the same stimulus check as people who have been put out of work, their businesses destroyed, and their profession made illegal.
Some of these public employees are paid for their 'valuable' contribution of checking the CCP virus lockdowns, and taking the productive people out of business... 🤮
I've gotten $1800 and havent meissed a beat at my company. put it in the market and gonna use the alpha to pay back the principal when uncle sam comes a knocking
Dan Oliver knows his game. Expert on monetary history. And as Churchill said: the further I look into the past... the further I can see into the future.
Great interview and information with today’s guest. Dan’s best comment came in at the very last sentence he spoke. Go back and listen for yourselves instead of me stating it here. People will remember better what Dan said. It’s important and true what he said.
He asked, "what are they going to do, they are all so over leveraged?" Well, let it 🔥burn. Everytime they have tried to put it out, they have made it EXPONENTIALLY WORSE. Inflation is already running at 5-6%. Just let it happen, I'm so tired of being on the edge waiting, and everyone else is and has been since the 2008 crash when the banks got bailed out everyone else got fired and forced out of their homes. LET THE PEOPLE WHO CAUSED THIS FEEL SOME PAIN TOO.
Good speaker. Not another nutcase goldbug. Gold has been around for thousands of years. No asset has been manipulated by more or for longer. What is needed is a store of value that cannot be manipulated. The inability to end gold price manipulation is what makes gold an asset in decline.
But Fauci said covid won't affect the USA, then said no masks, then said wear masks, then said no vaccine in 2020, and now says wear double mask. Pathetic.
I'm so tired of hearing people make calls like this for gold and silver for years. I understand all that is said but even with all the money printing in the system no real significant gains are made. Look what they have recently done with silver. I feel like people will be saying the same thing in 10 years time. Of course in the meantime cryptos will be touted as the safe haven and cryptos will be hedge against inflation. Sickening
I have been hearing the same thing since the year 2000. Lol. They said gold will be over $10,000 by now especially in a 🌎 world pandemic!!! And it's not even over $2,000. If by some miracle it ever happens....don't sweat it.
Motel 6 story bro. Gold is not for gains. It is insurance. Motel 6 in 1950ish when it opened charged 6 dollars a night. An ounce of gold was 35ish dollars at that same time. Today a motel 6 room is 60 dollars or more. It is not 10 x larger or 10x more luxurious , same exact room but 10x cost in dollars. An ounce of gold today gets you roughly 30 nights....that is what gold is for. Purchasing power.
Excellent interview. Please invite this guest on more often. In Weimar Germany, at the peak of hyperinflation, six ounces of gold bought you the best home in the best neighborhood in Berlin. I plan to use my investment in physical gold to pay off my Mortgage and business debt. Nice to learn that Gold performs well during times of negative interest rates. Thanks, David - you are an excellent interviewer.
This is the first time I’ve heard of Dan Oliver. I’m impressed. He made a great point that prices will move unexpectedly and chaotically, rather than steadily. The primary question is when does the world wake up to the devaluation of their currencies that’s already occurred and is continuing. Oh, and also buy physical gold & silver folks. Keep accumulating. Stay patient. Buy some miners as well. Sit and hold through the noise.
FED would rather eliminate anyone who is significant threat to them before dissolve itself. Gold is at lower level than 10 years ago even without inflation. Realistically gold is wayyyy lower than 10 years ago. Look at 30 years charts than you will know how lousy gold is.
@@cramsa india has banned btc.. nigeria banned btc today.. the english and european govts have mentioned banning it so probably will at some point, the us has decribed it as a threat.. writings on the wall for all you bitcoin pumpers/owners (to own is to pump you may have noticed, as it a ponzi scheme that deflates without pumping). if you dont think govt can effectively disable bitcoin and therefore crash it you have rocks in your head. If you dont think there is political will to do so you have boulders in your head.
@3:40 He asks" how do you get back those stimulus checks?" Well sir you make a ap called robin hood and get everybody invested with those stimulus checks. After everybody is in you change the rules and limit the little guy with only 5 trades a week, unless you put more skin in the game( 25k worth) I did not graduate high school and i can see the scam.
Yay !!! Well done kitco, Easily the most informative interview in a while . David Lin filling in the gaps with clever questions and replies. Looking forward to Davids spin-off show (if one ever happens) haha Get David out there on the road! asking the big boys in the federal treasury and the bank's big questions. I would like to think I'm speaking on behalf of others in the community ..
15:25 Who owns the house?? Exactly! While you have a mortgage, the bank cartel owns it. When you’ve paid off the mortgage, the government cartel owns it (ie try NOT paying your property taxes). All of today’s rules (muppets/parasites like to call them “laws” ... not even the IRS and paying tax on income is a law, yet they shove it down our throats and enforce it like it is) favor the global bank cartel. Because of this, a house is a risk more than ever. Rental housing/apartments has also now become a nightmare with moratoriums on rent with this covid scam. Everything financial today is exactly what the Founders did NOT want. They knew liberty and property ownership were key to a peaceful, productive life. We have anything but that now. End the Fed Res.
US Gov doesn't want its printed money to go to gold (worthless metal, an enemy of paper dollar), so the gold price will be continuously manipulated by US-controlled market to go along with its monetary policy. Thus, the free market supply and demand pricing doesn't apply to make $10K gold. They know it but they are just pumping. Next US Gov will control bitcoin and make its price behave like a gold.
Out there is real value of gold and we are far from it. But both silver and gold are manipulated on their price so it basically depends on those controlling it and not the market in itself. Sad, but that's where we are.
18:45 Gold was negative in nominal terms with the hyperinflation. I thought nominal refers to the rate BEFORE taking inflation under consideration. Can someone help me understand
I would buy BTC only if I would have a comfortable amount of physical gold, as a hedge against bad times. In my opinion, 10 oz XAU is not enough. Make that 25 oz and then BTC.
@@markbrophy5454 silver no brainer. Platinum wait for small correction and buy. Hydrogen is new diesel ...platinum used in fuel cells and eventual conversion of catalytic converters due to high palladium price. EV are here but diesel is not dead yet. Also check Uranium...its no joke. Good luck.
Technology today has surpassed the stability of our current electrical grids. Once the electricity goes out, and comms go down for any lengthy periods of time, all your crypto goes right along with it. Sure it's a good thing to have some, in the short-term, but don't put all your eggs into that basket.
I don't own any bitcoin but I do not doubt people's ability to solve future problems. You never know what kinds of new technology will be invented by that time. Very smart people back in the day said flight was not impossible.
Good interview. In terms of gold, why is the long term price not simply equal to the cost of production? So sure inflation will support a higher gold price , but only in terms of the cost of production. So gold increase will lag behind other price increases.
Is the US economy on the back of the FED, while the FED walks down a high wire, and on one side of thier balance pole is money printing and the other side is strong dollar policy, and the wire goes into infinity?
Gold dropped to 1773 on 17th Feb. Gold and silver price are seriously manipulated. Bitcoin is eating gold as ppl say BTC is digital gold. The fact is ppl dump gold to jump in Bitcoin investment. When the market crashes, when BTC bubble burst, Gold will fly to sky high again!!
Everyone forgets that the average life of a fiat currency is 40 years ... we're going on 50 years from Nixon unlinking gold from the dollar. Ever since, we've seen increasing runaway money printing and skyrocketing debt, skyrocketing debt service costs, etc. Gold has been a store of real wealth for 4,000 years. And, why are the wealthiest, central banks, governments stockpiling gold, and storing it in ultra-secure vaults like the one inside a mountain in Switzerland ...
JNS you are correct in all that you say except for one statement. The US Dollar currency began in practical terms in 1914 when it was first created. The US Dollar had many up and down cycles since then but the main crash was in 1971 when it became very low in terms of purchasing power. That’s why Nixon was told to release gold from being the backing of the US Dollar. Countries were demanding their gold back because the Dollar had failed. Instead a new agreement with OPEC (the brainchild of that arrangement was Ohmar Kadaffi from Egypt but few people know this and just assume it was the Saudis) was to go to the liquid gold of petroleum. This because known as the petrodollar. In US Dollar terms, gold and silver became the go to back up money anyways by investors and the public despite attempts by the international banking cartels saying otherwise. Anyone remembering the 1970’s and early 1980’s had high inflation.
Cash is trash
@@matt49125 buy crypto (Bitcoin)
Look at what Rusdia and China does. They are smart and they always play the long game.
A slowed down interpretation: In 1970 you had a one oz. of gold coin which cost about $65.00 and a brand new $100.00 bill... You sealed these up in a capsule and forgot about them until today... Well, today, you still got a 100 Dollar bill, but you now have a coin worth at least $1850.00 ...
This is why you buy and hold precious metals....
@́ ' ya think??
To be fair that 100$ note if left in the bank accumulating interest from 1970 would be worth double that ounce of gold......
@@jacklaxton961 especially so when interest rates for cd's were 12%---
Congratulations mate, you made $1785...in 50 YEARS. That doesn't factor in inflation by the way 🤣🤣🤣
Give me 50 years and I'll make millions or billions not $1785
Thats underperforming sp500 by a lpt
"I try to spend my money as fast as I can..." --> just call my wife she will explain you how it works
Found this channel a few weeks ago, and watched a whole bunch of videos. Now I can't sleep anymore.
i love KITCO ! David Lin is the smartest interviewer ever.
I agree, allows the guest to speak without constant interruption.
True, he is brilliant.
I agree
I see you David “Lynd Scott.” No need to self promote
M-A-N-I-P-U-L-A-T-I-O-N - KEEP STACKING!
agreed
why would you keep stacking a manipulated commodity ? If its price was manipulated to stay low. Whats going to stop the manipulation ?
@@mcr5577 Eventually fundamentals prevail. Keep accumulating.
That is the word....right there.
You know why people keep asking? Its because they just can't bring themselves to see the truth yet, and are desperate some other reason.
@@nirtlocj It will go up. but the world is changing. there are better stores of value. Look how much money was printed globally last year and gold went up what 25%? Its a joke at this point.
David Lin is the Michael Jordan of interviewing. Just a pleasure watching his skillset.
He's definitely on the all star team,no doubt!
@@janicelee4534 is the Michael Jordan of trolling
I agree. He is pretty damn witty
Dude is legit
Best interview. This man understands economics and explains it clearly. Buy physical!!!
Why should we buy it physical?
@@dreamofice361 because the silver price is manipulated with paper contracts on the comex. Increased physical demand will trump those paper contracts and silver will be fair value.
This guy is the best guest uve had in a while. Im trying to find more videos feom him. Please have him more often
If you're buying physical today at these prices you'll be doing very good in 10 years, ignore day to day noise. Metals an alternate to a savings account.
Yes but that how they get away with it
Think it’s a good time to offload some silver for gold ? Prices higher on the markets than official figures
@@PreciousMetalinvest sure seems that way to this amateur. The minute I talked about silver a while back it blew up. Now I’m wondering about gold exactly why you mention
This guys makes a ton of sense. Extremely knowledgeable
They have been wrong for the last 12 months
I’m predicting 25k gold and 200 dollar silver betwixt 3-5 years. I won a large bet that gold would hit $2,000 before the end of 2020. I was paid very well. I reinvested it on a few more ounces of AU. Best of luck to all. 🤞
Where do you make these bets ?
This channel keeps getting drummer and drummer... I'm calling for million dollar gold!!!!
This guy is just pure common sense. As the saying goes, unfortunately common sense isn't that common.
When we look around id much rather have uncommon sense as the masses are all common mindless zombies.
he might be a pure moron, only time will tell
Gold bugs keep dreaming. Idiots can't give one reason why the manipulation will stop yet they keep dreaming
@@kwamebushman606 It doesn't matter if it doesn't stop. Price will get squeezed up overtime as there is only so far and so long you can push it down with paper. It's just delayed, that's all. If it wasn't manipulated, I couldn't have bought in at $14 so I'm not whining at all :-)
At the 10:30 mark... "I'm trying to spend money as fast as I can on heavy items"... fiat is dead!
Oooh Kitco, finally my dose of hopium!!!
🤣🤣
😂😂
This is YOUR daily dose of hopium
Economist and politician are the two type of people you can trust only when their lips stop moving.
I’ve converted a ton of gold to bitcoin and I had a lot of gold. Now I can buy 10X the gold I converted to BTC. I still have my silver though.
How many stockbrokers does it take to change a lightbulb?
- Two. One to take out the bulb and drop it, and the other to sell it before it crashes. :(
Love this analogy!!!!!!!
Thats fuckin hilarious
Lmao
I love it. nice one mate
I'm buying all the physical I can find.
That how my worth is in the millions 👍🏻
@@melodyocampo227 could of been up to 3x if bought into the stock market.
@@melodyocampo227 why do people buy physical, gold ETF is the best, why do I want to pay for storage and conversion cost
@@siddharth0401 because this system is unsustainable and it will collapse and your eft’s will be worthless. Dig a hole under your house and vacuum seal physical and bury it. If you don’t hold it you don’t own it. People like you are perpetuating a corrupt system. Pat yourself on the back if that makes you feel good.
@@huemann7637 I don't fully agree with that logic, if it comes to that kind of doomsday where sov guarantees don't work then in that situation which individual or institution would be solvent enough to buy your physical gold
He either talks too fast or my brain is too slow.
He does talk fast but everything he said made sense & it was a good interview...
@@DigitalDissident yeah Dan Oliver is a smart man
His brain is working faster than the words will allow! Very good interview, maybe replay it at 0.75x speed! Same for Anna Gulibova's reports. It would be fun to have her interview Dan Oliver.
little from column A a little from column B
Lol😄, true
Kitco with David are performing a truly excellent public service with class interviews of this type. They are accurate and intelligent and in the current absence of a factual media the public are desperately seeking advice and information of a truthful nature that the lying media no longer supply. It is into this vacuum that Kitco has stepped. Oh that there were many more like you. Well done Kitco.
Gold and Silver both are the only and only money.
And platinum! It has a high melting point so it is not ideal for minting into coins. That is why platinum coins should have extremely high face value. It is much rarer than gold. You could make the same case for Iridium or any of the other platinum group metals except for Osmium since Osmium oxide is toxic and you wouldn’t want to carry that around.
Really? Aren't most coins made of copper, tin, zinc &/or nickel mix?
@@user-DongJ that's because they debase coins in circulation by pulling out valuable metals serving as coinage and replace valuable metal coinage with less valuable metals as the Romans did during the diocletian era esp.
@@roccoforte6889 - Ok. But they are still accepted as payments yes? So what makes valuable metals “valuable” back in the Roman days? Greed? Dreams? Hope? Envy? Politics? Religion? Superstitions?
@@huemann7637 what are your thoughts on niodiom?
Another great interview.......very appropriate!!!
I have 20 oz gold coins... just praying
I have a feeling you've been holding for a long time...don't expect that to change anything soon.
The more things change the more they stay the same
That’s a nice hedge
Top price of physical gold will be somewhere around mid decade, “when TIME is up, TIME is up! WD GANN
It's too late. We are gonna get hit. We van see it coming. Buy physical. Help othetts
I have calluses. I make mohey
I think he just said that anything you ever saved for retirement will be wiped out one way or another.
not physical
10K$ gold means...
200$ Silver @50:1 ratio,
500$ Silver @20:1 ratio
Keep dreaming
Good interview. Reinforced my overall macro view. US has two choices as its endgame (in the next 2-6 years): let inflation run hot and devastate the its economy but cleans up its debt or raise interest rates and devastate the stock market and financial system. Gold will be good in either case
Sure it can get to 10k but it’s not going to . Most of us alive now will never see 10k gold
What happened to gold during Weimar, I can anser you this. You could buy a house for an once of gold.
Ooh nice! I believe we will see something similar mid to late decade world wide
Nope. Just needed as much marks for a house for an ounde of gold. Big difference.
5 once for a house.
Gold miners kicked in the guts again today on the Aussie exchange ! If I wasn't paranoid, I'd think someone or something is trying to shake me out of my position !!
It’s good to be paranoid,😄😄
Just bought in to NCM on the ASX. Went down almost straight away. Hard to stay confident 🤞
Inflation is not a self fulfilled profecy.
Ita very very simple: you print more money for the same amount of products, thus money is worth less.
I'm argentinian, 90 years of inflation and running, I know what I'm talking about.
Your personal insight is information... Can you tell us more about the inflation story from the view of everyday Argentina
Yes can you tell us what it’s like?
Prices go up on a daisy basis. No one knows what anything really costs.
Politicians blame supply chains and anyone but themselves, yet they keep deficits and welfare through the roof whilst destroying the value of the peso.
The rich keep richer, the poor poorer.
Middle class will cease to exist soon.
It's the road to Venezuela.
The one thing that keeps on stable is the hige amount of pesos the central bank prints, so they keep losing value as nobody wants it.
How much are people dying, committing suicide, families broken, robberies, shelter, electricity, medicine and all that bc when America fails the whole world fails.
Right now other countries aren’t destroyed to get resources.
@@cholopepper thank you for sharing. It seems arhethas been on this road for a long time, and the citizens have not made change with their votes.
Are people preferring to use USD dollars or still pesos?
What about gold and silver, are people saving it?
1:23 Great point by the guest, that gold nominal price does not go up in a vacuum. It means the dollar is losing purchasing power.
1:27 Look at gold as the metric in terms of the Fed Res’s balance sheet... That comment sums it up. 👏🏾👍🏾
1:50 In 1980s when gold shot up to $850/oz, only time when Fed Res debt notes were fully backed by gold. Awesome. Only other person I ever heard bringing up these facts has been Mike Maloney.
Yeah, $10K gold will only go to $10k when the dollar devalues....so, the purchasing power of 1oz of gold doesn't change.... Why the fascination with the dollar denominated value of gold? I don't get it......if the dollar goes to 0.....would you sell your gold for $100.000.000.000.000.000.000.00 of dollars.....no you wouldn't......so who gives a hoot what the dollar price is for gold.....I want to know about the purchasing power......how about that for a change. How much farmland, or commercial property, or residential property will I be able to buy when the dollar collapses....that's what I want to know....geesh.
That's what I always wondered. When you hear stories of million % inflation, why bother even measuring it anymore?
Good point.
On point!
manongahela A Question for you , in a Hyper Inflation situation i know the Money losses Value and everything goes up , but does the price of Houses go up ?
Does your Rent go up , how can Rent go up or Everyone would be Homeless right ?
So in your example if i had 3 oz of Gold what would that buy me , what about a Motorhome that say today is worth $50k , how much would that Motorhome be going for if the Dollar Collapsed ?
What would a Gallon of fuel cost to run your car ?
Plus nobody would work if your wages only bought a loaf of bread and a tin of tuna a day , people would turn to crime and looting in a very short time , no food you've got serious aggro
More Questions than Answers
When u have surplus cash, after u have invested the rest, u dont want to keep it in the bank. U buy gold to protect its value, of ur hard earned wealth
I liked the fluency and clearance of his mind
Exactly, its almost like he doesn't need any oxygen. Great mind.
This dude knows what’s up.
What a great guest. He needs to be on the show more often.
Great interview! Dan Oliver just gave us all the road map to follow. He's spending his money before it's too late. Gold is King, not the dollar. The dollar will only hold on a bit more. The next stimulus check should hurtle us into some serious inflation. Get Oliver back on in a couple of months.
$10,000 gold will happen when a roll of toilet paper cost $100.
So, next week?
that must be quilted toilet roll with a hint of lavendar
Maybe $6 rolls
@@kevinr.9896 exactly
Yes and when the sheeple want to hold physical not a bit of paper
Dan is so knowlegable and always worth listening to
In my opinion. One should buy first Lithium Battery producers ( excample NLC Neo Lithium corp in CAD ) and Silver . Both due to the mandatory shift to electrical power in US and Europe. Gold is a very good hedge against the fiat money printing in the US and EU.
People don’t read history and therefore the risk out there is enormous and the faith in fiat will inevitably diminish rapidly. I wouldn’t be surprised if we already have a banking crisis this month and a government crisis next month
10k is really only possible if there had to be an accounting of all of the printed dollars, not just the ones the banks make
...orrr "A Great Reset", in Swabb german accent, lol
Imagine being a public employee who hasn't missed a paycheck and still getting the same stimulus check as people who have been put out of work, their businesses destroyed, and their profession made illegal.
And don't do anything of value. All are lazy incompetent bastards unable to get any job in the real world.
Some of these public employees are paid for their 'valuable' contribution of checking the CCP virus lockdowns, and taking the productive people out of business... 🤮
Ya it’s sickening
I heard 30 percent of all jobs are government jobs. So lots a government in stocks
I've gotten $1800 and havent meissed a beat at my company. put it in the market and gonna use the alpha to pay back the principal when uncle sam comes a knocking
Dan Oliver knows his game. Expert on monetary history. And as Churchill said: the further I look into the past... the further I can see into the future.
Drive forward looking in the rear view mirror? Dollar not even at 2008 lows. Time will tell.
Great interview and information with today’s guest. Dan’s best comment came in at the very last sentence he spoke. Go back and listen for yourselves instead of me stating it here. People will remember better what Dan said. It’s important and true what he said.
As the economy crisis keep rising,one needs to have different stream of income, one needs to have a diversified portfolio in order to survive
The future is all about investing in crypto because it yield the best result.
Had intrest in investing in Forex and crypto but I was discouraged by friends and family, I was being ignorant though.
@@robertmark6807 Everything about investing in crypto or forex have been so real and helpful.
@@milliamswilliams2166 yeah you are correct 👍👍
I have been trader for over 7 month's with no good returns ,rather loss and blown accounts , really heart breaking 😢😢
Gregory Mannarino last email suggest that something big is prepared ! Dont want to say more(not sure that he wish to) . But heads up!
Watch the ten year yield
I could listen to Dan Oliver and David Lin all day. If this channel ever has a patreon subscription I would sign up.
Inflation is here. In Australia real estate is crazy 900k homes selling 18 months later for 1.5million
Excellent interview, this man talks a lot of common sense
He makes me want to buy more gold
He asked, "what are they going to do, they are all so over leveraged?"
Well, let it 🔥burn. Everytime they have tried to put it out, they have made it EXPONENTIALLY WORSE. Inflation is already running at 5-6%. Just let it happen, I'm so tired of being on the edge waiting, and everyone else is and has been since the 2008 crash when the banks got bailed out everyone else got fired and forced out of their homes.
LET THE PEOPLE WHO CAUSED THIS FEEL SOME PAIN TOO.
Doesn't sound crazy at all. It was only a few hundred twenty years ago. Duh!
Good speaker. Not another nutcase goldbug. Gold has been around for thousands of years. No asset has been manipulated by more or for longer. What is needed is a store of value that cannot be manipulated. The inability to end gold price manipulation is what makes gold an asset in decline.
10k gold will be illegal. Well, now its illegal to breathe without the mask
Soon you have to doubblemask to go out :)
I'll have to double my buys on gold n silver
But Fauci said covid won't affect the USA, then said no masks, then said wear masks, then said no vaccine in 2020, and now says wear double mask. Pathetic.
Blackrock (largest money manager in the world) : "Gold is failing as Equity Hedge." Mark Cuban: "Gold is useless"
I'm so tired of hearing people make calls like this for gold and silver for years. I understand all that is said but even with all the money printing in the system no real significant gains are made. Look what they have recently done with silver. I feel like people will be saying the same thing in 10 years time. Of course in the meantime cryptos will be touted as the safe haven and cryptos will be hedge against inflation. Sickening
I have been hearing the same thing since the year 2000. Lol.
They said gold will be over $10,000 by now especially in a 🌎 world pandemic!!! And it's not even over $2,000. If by some miracle it ever happens....don't sweat it.
Motel 6 story bro. Gold is not for gains. It is insurance. Motel 6 in 1950ish when it opened charged 6 dollars a night. An ounce of gold was 35ish dollars at that same time. Today a motel 6 room is 60 dollars or more. It is not 10 x larger or 10x more luxurious , same exact room but 10x cost in dollars. An ounce of gold today gets you roughly 30 nights....that is what gold is for. Purchasing power.
I love the time line agenda included below the video. Thank you 👍🏾🙏🏾
Excellent interview. Please invite this guest on more often. In Weimar Germany, at the peak of hyperinflation, six ounces of gold bought you the best home in the best neighborhood in Berlin. I plan to use my investment in physical gold to pay off my Mortgage and business debt. Nice to learn that Gold performs well during times of negative interest rates. Thanks, David - you are an excellent interviewer.
This is the first time I’ve heard of Dan Oliver. I’m impressed. He made a great point that prices will move unexpectedly and chaotically, rather than steadily.
The primary question is when does the world wake up to the devaluation of their currencies that’s already occurred and is continuing.
Oh, and also buy physical gold & silver folks. Keep accumulating. Stay patient. Buy some miners as well. Sit and hold through the noise.
FED would rather eliminate anyone who is significant threat to them before dissolve itself. Gold is at lower level than 10 years ago even without inflation. Realistically gold is wayyyy lower than 10 years ago. Look at 30 years charts than you will know how lousy gold is.
Just let it blow up then. start over.
HAHAHA!! Agreed. There is a term for guys like us. We are called 'COLLAPSITARIANS'.
“Let it”? ;)
I heard bit coin is at 30K. So gold should be around 10k. Should about right. What do u guys think?
if BTC is 30 k gold should be 300k sound better :)
Bitcoin is 37 k not 30 k
Gold should be well over $20,000 but it’s a failed relic of the past.... NO ONE is going to be transacting in gold on Mars or a lunar colony etc.
@@cramsa india has banned btc.. nigeria banned btc today.. the english and european govts have mentioned banning it so probably will at some point, the us has decribed it as a threat.. writings on the wall for all you bitcoin pumpers/owners (to own is to pump you may have noticed, as it a ponzi scheme that deflates without pumping). if you dont think govt can effectively disable bitcoin and therefore crash it you have rocks in your head. If you dont think there is political will to do so you have boulders in your head.
@3:40 He asks" how do you get back those stimulus checks?" Well sir you make a ap called robin hood and get everybody invested with those stimulus checks. After everybody is in you change the rules and limit the little guy with only 5 trades a week, unless you put more skin in the game( 25k worth) I did not graduate high school and i can see the scam.
you buy gold and silver. that is what you do.
Yay !!! Well done kitco, Easily the most informative interview in a while .
David Lin filling in the gaps with clever questions and replies.
Looking forward to Davids spin-off show (if one ever happens) haha
Get David out there on the road! asking the big boys in the federal treasury and the bank's big questions. I would like to think I'm speaking on behalf of others in the community ..
Put yourself on your own bimetallic standard. Have no savings in paper fiat garbage. Save wealth in physical precious metals.
End the Fed Res.
He speaks and thinks a miillion miles a minute. Obvious ADD but pretty damn brilliant
15:25 Who owns the house?? Exactly! While you have a mortgage, the bank cartel owns it. When you’ve paid off the mortgage, the government cartel owns it (ie try NOT paying your property taxes). All of today’s rules (muppets/parasites like to call them “laws” ... not even the IRS and paying tax on income is a law, yet they shove it down our throats and enforce it like it is) favor the global bank cartel. Because of this, a house is a risk more than ever. Rental housing/apartments has also now become a nightmare with moratoriums on rent with this covid scam.
Everything financial today is exactly what the Founders did NOT want.
They knew liberty and property ownership were key to a peaceful, productive life. We have anything but that now.
End the Fed Res.
People are leaving New York as well
This guy is very knowledgeable. Great interview.
How sick is this guy's Zoom setup. Awesome talk and info too!
US Gov has a tight grip on gold. So forget about $10K let alone $2K.
These CROOKS come on and always try to pump or bash something so they can buy
US Gov doesn't want its printed money to go to gold (worthless metal, an enemy of paper dollar), so the gold price will be continuously manipulated by US-controlled market to go along with its monetary policy. Thus, the free market supply and demand pricing doesn't apply to make $10K gold. They know it but they are just pumping. Next US Gov will control bitcoin and make its price behave like a gold.
Before trading stocks be sure to have 10K of physical gold in the vault.
Out there is real value of gold and we are far from it. But both silver and gold are manipulated on their price so it basically depends on those controlling it and not the market in itself. Sad, but that's where we are.
Dan Oliver ... I need to breath after listening to him. I think he was in a competition with himself to say more each second... Awesome interview!
I want to hear Dan Oliver interviewed by Ana Gulobova. We can play it back at half speed.😎
18:45 Gold was negative in nominal terms with the hyperinflation. I thought nominal refers to the rate BEFORE taking inflation under consideration. Can someone help me understand
To all my stackers stand your grounds Gold is real money that cant be reproduced its been that for thousands of years
I’ve got 10oz of gold. So tempting to cash in and buy Bitcoin but the price of that is too high to make it worth my while
Sell 1 oz, buy 1 ETH and thank yourself in a couple of months.
What do you think of silver and platinum?
I would buy BTC only if I would have a comfortable amount of physical gold, as a hedge against bad times. In my opinion, 10 oz XAU is not enough. Make that 25 oz and then BTC.
I would keep half sell half. Wait for below 30k at least for Bitcoin purchase. Good luck. I agree with Adrian though.
@@markbrophy5454 silver no brainer. Platinum wait for small correction and buy. Hydrogen is new diesel ...platinum used in fuel cells and eventual conversion of catalytic converters due to high palladium price. EV are here but diesel is not dead yet. Also check Uranium...its no joke. Good luck.
David, you should ask Peter Hugg whether he thinks that Gold and Silver price is manipulated. Will be a good conversation
Technology today has surpassed the stability of our current electrical grids. Once the electricity goes out, and comms go down for any lengthy periods of time, all your crypto goes right along with it. Sure it's a good thing to have some, in the short-term, but don't put all your eggs into that basket.
I don't own any bitcoin but I do not doubt people's ability to solve future problems. You never know what kinds of new technology will be invented by that time. Very smart people back in the day said flight was not impossible.
I feel as if I have lost my ability to understand english when ı listen to this guest speaker guy
I think david feels the same way.looked like he was concentrating on interpreting what he was saying
He's way above most of us.
5 digit gold and 4 digit silver IS coming.
That's Saul from Breaking Bad, we can't trust him.
Saul GoldMan
😄
Hahahaha
Good interview. In terms of gold, why is the long term price not simply equal to the cost of production? So sure inflation will support a higher gold price , but only in terms of the cost of production. So gold increase will lag behind other price increases.
Good luck America... you’re gonna need it
No sh*t
Need common sense not luck
@@weakneerose7614 Americans have never had common sense so that’ll never happen.
Great interview, David is the best interviewer out there !! Great guest as well
Wouldn't even sell my physical silver for that price!!
Boom! Excellent comment.
Only trade physical metals for other commodities. Gold and silver are money. Don’t sell them for dollars unless you absolutely have to.
This interview is Golden.
Good thing for Twitter. RUclips didn't bother notifying me about this video...
Is the US economy on the back of the FED, while the FED walks down a high wire, and on one side of thier balance pole is money printing and the other side is strong dollar policy, and the wire goes into infinity?
Kitco, you need to add your video's to Rumble. I would rather watch you there.
Gold dropped to 1773 on 17th Feb. Gold and silver price are seriously manipulated. Bitcoin is eating gold as ppl say BTC is digital gold. The fact is ppl dump gold to jump in Bitcoin investment. When the market crashes, when BTC bubble burst, Gold will fly to sky high again!!
Great guest!
I missed the answer...."so why hasn’t it happened yet?"
Such a smart guy. Talks fast as he really packs in the interesting views. Enjoyed it heaps
If Gold gets that high I’m selling and trading it for Silver and Real estate
Excellent interview, thank you.... Dan like Peter Schiff and Rick Rule are right on.....