What's the best hedge against a dollar under attack? Comment your thoughts below and don't forget to subscribe! FOLLOW FRANK GIUSTRA: Website: frankgiustra.com/ Twitter (@Frank_Giustra): twitter.com/Frank_Giustra
Frank is dead right regarding not fully retiring. Years ago I dealt with an older client who was at least 75 years old and clearly mutli millionaire. He had sold 3 bisiness es and kept one. I was already aware of folks staying sharp linger if they kept working. I got along with him real good and I approach the topic. he told me that he liked what he was doing and that all his buddies who hit stopped working after retirements were all dead. you don't have to work like a slave. it can be having a large garden in the summer, a bit of carpentry, offering your service to do some paint jobs for folks who cannot.do it anymore, etc. Also learn software lime excel, foreign language, etc. kick the fading memory myths straight in the nuts with a nasty eye poke to finish the job.
I am not usually impressed with CEO's and millionaires and billionaires, but Frank's objectivity and well rounded knowledge of the world does impress me. Serious investors should take notice in a changing international status quo.
Gold's all-time high price adjusted for inflation is $3,200 in 1980. So, the nominal high of $2,180 now is 32% below the real (inflation-adjusted) all-time high. We still have a long way to go to make a new real all-time high.
Big money still believes in the Fed and fiat paper ..they want wealth overnight..once the 💩 hits the fan..the ones with deep pockets will push it up to over 3k easy
Frank is spot on about CNBC and Jim Cramer. I have followed and listened to Frank all the way back to his days leading Gold Corp. He is well read and extremely knowledgeable concerning the gold market. Also seeing the miner's finally reacting positively. Just for transparency I am an investor in Aris.
I ate too recently to watch through a camera with automatic pan and zoom. It's reactive enough to probably not be a child playing with the remote but it's absolutely not helpful.
Yes, the camera is annoying, but everything else is super cool. I really like and appreciate Frank's thoughts, knowledge and intelligence. Thanks you both.
No he isn't. He is selling a product that is negative 40% vs m2 money supply in the last 10 years and dissing bitcoin which is +2300% since 2014. Charlatanry.
great show! thank you and Frank! your guests always appear completely comfortable, and eager to be interviewed by you. It is great for us the viewer to get this professional content, your guessts speak freely on topics without interuption.
I don't want to stop working, I'm 47, and am a Project Manager building water treatment systems for cities. That's my contribution to my fellow people and I'm proud of it ❤ Who doesn't like fresh clean drinking water.
Frank offersl a lot of great insight into world events. Events that are not covered by most media... but crucial nonetheless. Thanks Frank, and thank you too David.
Frank Giustra is a genius and his long history of success speak😢for itself. When he talks I’m listening! Thanks for interviewing this contemporary sage.
Not likely as deep space exploration is starting to happen. We will be mining "rare" minerals on the moon and Mars in the coming decades. Gold isn't rare anyway, price goes up, you just dig deeper.
Eventually....The dedollarization began in 1971, but we backed it with oil and that kept the dollar going for another 50 yrs. We depend too much on foreign nations to keep our dollar going, foreign nations that aren't necessarily our allies. We sent our manufacturing to China somewhere in the 80s or 90s as well, another nail in our coffin, what did we think was going to happen? Sure people got rich with that, short term riches, but it wasn't going to be sustainable. Thanks to the greed of our CEOs and politicians, they both killed our future.
Best interview I have seen on RUclips in a long time. How could you not feel the honesty of this Man. I do not buy Gold or Silver to become Rich, I buy it to protect myself from HOMELESSNESS. 🤷🏻♂️🤷🏻♂️🤷🏻♂️🦉🦉🦉to
Franks new venture West Lake was built on the backs of investors in Pure Gold Mining. It was basically a deal between billionaires Sprott and Frank engineered to fleece the shareholders. All the companies who supplied the mining operation got nothing as well. The local native companies never got paid. He talks about injustices but clearly does not walk the walk. Both could have easily invested in the company. They just ran out of money. They could have directly invested in the company and it would have been a write off for a billionaire. There was no need to fleece everyone. 28 million and 25% of Westlake for Sprott and nothing for anyone else on a 1 billion market cap company. Then he wonders why all mining companies are undervalued. The investors are tired of getting screwed investing to build a mine only to lose out when it starts up. It is happening all over the industry. This is how the rich get richer.
PHYSICAL SILVER is THE most undervalued commodity on planet - declared by economic experts not in the business of selling any precious metals . We are , according to the global silver institute , in the fourth year global deficit of physical silver . FACT - the Shanghai exchange is paying 10% - 12% arbitrage HIGHER for physical silver ; thus physical silver is being shipped EAST from the WEST !
Good talk David! I was hoping you dig into Canada - and where Frank Giustra, as a fellow Canadian himself, thinks we are heading with the current administration. Lack of investment from pension funds and foreign companies into Canadian Resource sector. Being non investable due to red tape- esg, carbon tax etc. and if Canada has a future being a competitive player internationally stage in future.
I remember, around 2002 just before Iraq war, what I heard on radio. it was an ad about gold price surge that was about to occur. The gold price went up more than 6 times since then over the 20 years. Gold is definitely an insurance against the irresponsible money printing done by banks and governments.
This man is well known as being a stock scammer, and a lead promoter for mining and oil and gas scams. Amazing that you give him credit along with so many other promoting mouthpieces
This has given me my first deeper look into the person of Frank Giustra - good guy (and a genuine philanthropist)! I’m even more confirmed in the prospects of West Red Lake!
We Are Living In Exciting Times In History And We All Need To Keep The Faith And Hold The Line And Trust The Plan And Stand Well Grounded In The Believe That All Our Prayers And All Our Dreams Will Come True In Father Gods Divine Timing ⏱ Amen And Amen 🙏
I have great respect for Frank and I think that he is talking his book - het is investing in a new gold venture. Look at the share issuance of gold majors like Barrick and Newmont for the past 6 years and you'll know what to do with gold miners. Enjoy the dilution !
bots on here are nuts. Giustra bots and shitcoin bots. I knew this interview was going to be messed as soon as you finished reading that introduction he gave you to read. anyway, you do great interviews David. Just don't trust anything this guy says
Frank, let me say what you are afraid to speak out for the reasons of gold's recent climb in price. It was due the world's majority of Central Banks, the World Gold Council and the Bank of Internal Settlement joined forced to stop the US financiers (Goldman Sack, Mogan Stanley, Citi Bank etc.) on issuing unlimited paper gold future contracts like they did in the last 50 years. From 2023 they were forced to deliver physical gold according to the gold future contracts that they sold. From now on gold price manipulation will be harder to perform therefore gold price improved, unfortunately silver future cannot follow the same yet.
You've been living in a world that only knows fiat since 1971. When fiat finally gets measured against gold, it will fall and gold will be the last man standing. Bitcon may survive but I'm not betting on it
Citizens are not required to be held accountable for their financial spending to anyone, but politicians spending public funds must be held accountable.
“The US is so heavily debt-laden, its housing prices are so high and its medical care is so extremely high (18% of GDP) cannot compete. It cannot re-industrialize without taking radical steps to write down debts, to de-privatize health care and education, to break up monopolies and restore progressive taxation. The vested Financial, Insurance and Real Estate (FIRE sector) interests are too powerful to permit these reforms." That makes the U.S. economy a failed economy, and America a Failed State.” Michael Hudson, July 22, 2023
I like listening to Frank's thoughts. He seems to have been there and done it and continues to everyday. Some investor and mining guy. Thanks David, great work. Some one always says gold knows which I have always thought is mad, however this rally feels like that, exactly as Frank says. Would be nice if it impacted some of my miners that is for sure.
Currency values relative to one another is a floating abstraction, frank is right about comparing them to gold, but what is also true is that there is also a failure to compare a given currency relative to itself if not for various factors. Some people try to calculate how much inflationary pressure has been exerted on the US dollar without considering that if not for artificial forces, there would be deflation, like the u.s. in the 19th century.
@@billhaney8160you should warn the central banks who are buying billions worth. Since they control the coming world financial system, do you really think they are misguided?
Gold is negative 40% since 2014 vs inflation, bitcoin is +2300% since then vs inflation. Just sayin. Technically gold has not reached a new ATH when you consider this.
David, I live in the UAE where it, along with Thailand and China, started the MBridge project with the BIS in 2019. The first CBDC payment was completed on January 1st in the amount of $14,000,000 with China. CBDCs are already being used here. Also, the digital Euro was launched last year in November. Also, through my current account with Ras Al Khaimah, I can buy gold at a 10% discount to spot for collection and self-custody. This started last year.
@@HoneyBadger80886 I can’t say. But, I do know that central banks don’t like competition for their fiat currencies. For instance, it’s banned in China. It’s banned in neighboring India, Qatar, and Oman. I suspect that it will be banned in Saudi Arabia and the UAE as CBDCs become pervasive. In fact, it’s already banned in half of the BRICS+ countries.
It doesn't matter when you read this. GOLD IS KING. ALWAYS It is not the dollar, nor oil, nor anything else. Gold has always been king. That is why no central bank in the world has gotten rid of its gold reserves.
The most amazing thing is that people are turning to both gold and BTC at the same time. If BTC price detached itself from the stock market, it would be so nuts.
Yup. Learned a lot. Since Mr Giustre is so clever, financially, he's obviously done investigative work. Oddly that duzn't seem to tie in with his friendships. No allegations, just a notation.
I think we have become a little too obsessed with this crisis topic. In the right sense, the market never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my $480k portfolio. I read that people are pulling in massive profits despite the downturn. Here for tips on how they do it
Just hire a good strategist man. Lately, they and those who use their services are really the ones pulling in the big money right now. There are advsors that can help you achieve very consistent growth. You just have to make some research and get one who fits your fin-goal.
There is always a market recovery. But then Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just $17,000 short of half a million dollar portfollo.
Solution to avoid dollar crash - Fed must let rates go up. Stop the money printing to pay for deficits. Force congress to grow up and become more responsible with their spending.
What's interesting is the stock price divergence between North American gold mining stocks close to multiple-year lows, while some Chinese gold miners (Zijing Mining. Gold China...) are at or near all-time highs. Maybe that gives a clue as to which large central bank is buying gold.
It's so simple, when the U.S. expands its' economy we just print more dollars to accommodate / facilitate the need. We are currently moving into the Space Age rapidly which requires much more currency, this action always dilutes the dollar which requires more dollars per ounce of gold. A gold rally means nothing more to the U. S. than moving forward. We have the strongest, most innovative military in the world, that's our security. We are glad the BRICS nations are absorbing those 20 needy nations that we have been supporting for almost a century, it ultimately will simplify our currency outflow.
10:56 - this may be great in the context of West versus BRICS but, for any consumer anywhere, it is a form of social control which c@n limit your purchasing power based on social credit systems, I.e. how obedient you are to the State.
I have been listening to macro and geopolitics podcasts for the last 4 years or so from various people in these fields and most of them I have worked out talk a load of sh1t. There are really handful of people who really know what the are talking about and Frank is definitely one of them 👍
Special interview with the Legend in mining industry...I bought West Red Lake Gold because he was one of the major shareholders...Go with the smart men like him... Everything will crash except Gold & Silver...Get in now
It'll be another couple of years before the next seasonal down. Countries are ramping up in the meantime to to safeguard themselves, moving away from the source and buying gold to backup.
I'll answer your question if Frank hasn't put it together. Beside the central banks (which have been up to this for some time). Do you remember how in the weeks before Gold and Bitcoin all started hitting new all time highs? -- that many multi-billionaires have sold a lot of stock and raised a lot of cash, all around the same time? There's a whole list of them. All of a sudden. Along with the news that so many are building their luxury BOL's. How much you want to be that these billionaires are cashing out as much as they can and moving money into Gold and Bitcoin as their own hedges. All of them doing that at once could easily be what is creating these new ATH's that seem different and aren't slowing down. Better question is Why? what do they know that the unitiated masses don't know? Probably global war is being tee'd up. Esp. if it appears that nothing else will stop Trump from regaining the Presidency. (or) They've been told that the gov't has major austerity planned for after the election, regardless of who is President. Which is likely true anyway, because eventually the rugs get pulled and there is nothing left except pain. (or) They've been told that after the election, the Guv and Fed are going to initiate CBDC and tie it to Gold and let the official Treasury gold price flux to the market, and then after it goes real real high, they would tie CBDC to new US Treasury Gold certificates that cannot be redeemed for physical but become new tradeable securities themselves and then they use those to pay off big hunks of the existing debt in these new Golf-certificate backed CBDC dollars. Devaluing the dollar by the ratio of old Dollar to old Gold to the new CBDC dollar again backed by (nonredeemable) gold, at around a multiple of around 47x (using a $2k gold price). But probably war, because they love war the most. But, that's why these things are getting new highs. Rich people in the know have raised billions of cash and are transferring some wealth.
What's the best hedge against a dollar under attack? Comment your thoughts below and don't forget to subscribe!
FOLLOW FRANK GIUSTRA:
Website: frankgiustra.com/
Twitter (@Frank_Giustra): twitter.com/Frank_Giustra
Frank is dead right regarding not fully retiring. Years ago I dealt with an older client who was at least 75 years old and clearly mutli millionaire. He had sold 3 bisiness es and kept one. I was already aware of folks staying sharp linger if they kept working. I got along with him real good and I approach the topic. he told me that he liked what he was doing and that all his buddies who hit stopped working after retirements were all dead. you don't have to work like a slave. it can be having a large garden in the summer, a bit of carpentry, offering your service to do some paint jobs for folks who cannot.do it anymore, etc. Also learn software lime excel, foreign language, etc. kick the fading memory myths straight in the nuts with a nasty eye poke to finish the job.
Gold
Self custody a small slice of NonETF bitcoin. #coldWallet, PMs
Diversify widely
Frank, do you hold bitcoin? @davidlin
I am not usually impressed with CEO's and millionaires and billionaires, but Frank's objectivity and well rounded knowledge of the world does impress me. Serious investors should take notice in a changing international status quo.
One of the most accurate and honest guest. I love Frank.
Frank is a good man. Even though he collaborated with the Clintons in the past, He remains a good man,
gold bug
Gold's all-time high price adjusted for inflation is $3,200 in 1980. So, the nominal high of $2,180 now is 32% below the real (inflation-adjusted) all-time high. We still have a long way to go to make a new real all-time high.
Big money still believes in the Fed and fiat paper ..they want wealth overnight..once the 💩 hits the fan..the ones with deep pockets will push it up to over 3k easy
Or Gold is not doing its job! Bitcoin has been! Good luck with gold!
Or Gold is not doing its job! Bitcoin has been! Good luck with gold!
Bingo.
@@whiteglove5723 Bitcoin is a speculative risk asset lil buddy
Truth teller. Not spreading misinformation to misled people. How refreshing!
Frank is spot on about CNBC and Jim Cramer. I have followed and listened to Frank all the way back to his days leading Gold Corp. He is well read and extremely knowledgeable concerning the gold market. Also seeing the miner's finally reacting positively. Just for transparency I am an investor in Aris.
I have never seen a camera mounted on a swing, but now I have. It makes me appreciate radio even more, because no motion sickness.
This deserves a pin
Wtf was that?! INSANE…I just commented on the exact same thing. Frank got stiffed with the “Swing Camera” 🤣🤢🤮
I ate too recently to watch through a camera with automatic pan and zoom. It's reactive enough to probably not be a child playing with the remote but it's absolutely not helpful.
Lol he def needs to fix his cam.
It’s because of the AI generated background 😊
Frank has superb intuition. Yes, what is happening is different and nobody alive has ever seen anything like it
Yes, the camera is annoying, but everything else is super cool. I really like and appreciate Frank's thoughts, knowledge and intelligence. Thanks you both.
Frank Guistra is an excellent guest thank you!
Frank is a highly moral, first class man.
Yep made very clear how the USAs foreign policy operates like a Neighbourhoom Dom.
Witness when Gadaffi et al wanted to set up a Pan African Ccy.
He did deal with the Clinton foundation....So, for what it is worth.
@goldismoney5899 Go check out the work of Liz Crokin, no one has "debunked" her research.
No he isn't. He is selling a product that is negative 40% vs m2 money supply in the last 10 years and dissing bitcoin which is +2300% since 2014. Charlatanry.
Try again, Jay.
great show! thank you and Frank! your guests always appear completely comfortable, and eager to be interviewed by you. It is great for us the viewer to get this professional content, your guessts speak freely on topics without interuption.
I don't want to stop working, I'm 47, and am a Project Manager building water treatment systems for cities. That's my contribution to my fellow people and I'm proud of it ❤
Who doesn't like fresh clean drinking water.
Wow , Frank is spot on ! Excellent guest. He’s no nonsense, no propaganda and speaks the facts ! Kudos to you for brining Frank on , he’s awesome !
The crisis isn’t eventual; it’s here. We’re roughly at a Federal gov’t debt growth rate of $1 Trillion every hundred days.
Frank offersl a lot of great insight into world events. Events that are not covered by most media... but crucial nonetheless.
Thanks Frank, and thank you too David.
Great guest. He is so brilliant and I appreciate his wisdom and experience. Thank you !
Frank Gustra is not humanity's friend.
Why so? Because he's a friend of the Clintons?
Frank Giustra is a genius and his long history of success speak😢for itself. When he talks I’m listening! Thanks for interviewing this contemporary sage.
Gold and silver will always be MONEY, always.
What about my copper coins?
🤣
Not likely as deep space exploration is starting to happen. We will be mining "rare" minerals on the moon and Mars in the coming decades. Gold isn't rare anyway, price goes up, you just dig deeper.
And manipulated. Btc is worth more than any precious metals you can dig up.
This was a great interview. Frank G. is always someone to listen to and take seriously about U.S. and world economies.
Frank is one of my favourite interviewees. Smart, personable and eloquent; what's not to like!
Gold has seen a return of 8,300% since 1971 in CDN funds. I sleep like a baby, knowing Gold is WEALTH.
Gold is negative 40% vs inflation since 2014.
Conversely, Bitcoin is +23000% since then vs inflation.
I started buying in 1965@$30 per ounce; that's over 10% compounded annaully
@dassa0069 that is what is called investing. Zero risk with maximum return.
@@dassa0069 Unfortunately fiat has debased 99.4% of its purchasing power since 1913.
Frank has been at the forefront of entrepreneurship great content.
Great stuff, Great Guest!
Eventually....The dedollarization began in 1971, but we backed it with oil and that kept the dollar going for another 50 yrs. We depend too much on foreign nations to keep our dollar going, foreign nations that aren't necessarily our allies. We sent our manufacturing to China somewhere in the 80s or 90s as well, another nail in our coffin, what did we think was going to happen? Sure people got rich with that, short term riches, but it wasn't going to be sustainable. Thanks to the greed of our CEOs and politicians, they both killed our future.
Best interview I have seen on RUclips in a long time. How could you not feel the honesty of this Man.
I do not buy Gold or Silver to become Rich, I buy it to protect myself from HOMELESSNESS. 🤷🏻♂️🤷🏻♂️🤷🏻♂️🦉🦉🦉to
Franks new venture West Lake was built on the backs of investors in Pure Gold Mining. It was basically a deal between billionaires Sprott and Frank engineered to fleece the shareholders. All the companies who supplied the mining operation got nothing as well. The local native companies never got paid. He talks about injustices but clearly does not walk the walk. Both could have easily invested in the company. They just ran out of money. They could have directly invested in the company and it would have been a write off for a billionaire. There was no need to fleece everyone. 28 million and 25% of Westlake for Sprott and nothing for anyone else on a 1 billion market cap company. Then he wonders why all mining companies are undervalued. The investors are tired of getting screwed investing to build a mine only to lose out when it starts up. It is happening all over the industry. This is how the rich get richer.
I couldn't agree more with you. This guys is so fake and I don't know why people are so easily fooled.
PHYSICAL SILVER is THE most undervalued commodity on planet - declared by economic experts not in the business of selling any precious metals .
We are , according to the global silver institute , in the fourth year global deficit of physical silver . FACT - the Shanghai exchange is paying 10% - 12% arbitrage HIGHER for physical silver ; thus physical silver is being shipped EAST from the WEST !
Hi Mr. Mannarino
@@edhammond6911
Who the blaze is THAT ?
Good talk David!
I was hoping you dig into Canada - and where Frank Giustra, as a fellow Canadian himself, thinks we are heading with the current administration. Lack of investment from pension funds and foreign companies into Canadian Resource sector. Being non investable due to red tape- esg, carbon tax etc.
and if Canada has a future being a competitive player internationally stage in future.
You're shaping up to have a housing price collapse in the very near future.
The old hair was better.
lol
i haven't seen him for a few months and i was shocked, he always looked so neat
@@mistercut8331 You people are shallow, vapid trolls.
I remember, around 2002 just before Iraq war, what I heard on radio. it was an ad about gold price surge that was about to occur. The gold price went up more than 6 times since then over the 20 years. Gold is definitely an insurance against the irresponsible money printing done by banks and governments.
My man giving us what we need. Ty!
This man is well known as being a stock scammer, and a lead promoter for mining and oil and gas scams. Amazing that you give him credit along with so many other promoting mouthpieces
You forgot to mention that Giustra sits on the Clinton Foundation board.
Frank is one of the best to listen to he cares more than just about money.. for him it’s culture and sustainability that are important as well.
This has given me my first deeper look into the person of Frank Giustra - good guy (and a genuine philanthropist)! I’m even more confirmed in the prospects of West Red Lake!
The World needs a trading platform that is not weaponised and fair exchange
We Are Living In Exciting Times In History And We All Need To Keep The Faith And Hold The Line And Trust The Plan And Stand Well Grounded In The Believe That All Our Prayers And All Our Dreams Will Come True In Father Gods Divine Timing ⏱ Amen And Amen 🙏
I have great respect for Frank and I think that he is talking his book - het is investing in a new gold venture. Look at the share issuance of gold majors like Barrick and Newmont for the past 6 years and you'll know what to do with gold miners. Enjoy the dilution !
Love the information that Frank Giustra shares. Please have him on the show again. Thank you David for the great content.
Very Good conversation as always with Frank Giusta. Thanks
bots on here are nuts. Giustra bots and shitcoin bots. I knew this interview was going to be messed as soon as you finished reading that introduction he gave you to read. anyway, you do great interviews David. Just don't trust anything this guy says
I started buying gold in 1967@$30 per ounce. That works out to about 10% compounded annually.
Black Swan event coming. End of March, of beginning of April. Godspeed.
They usually happen in the fall or winter?
Translation; you stayed on the sideline because you listened to bears.
Of 2025 ..once Trump gets in
Frank, let me say what you are afraid to speak out for the reasons of gold's recent climb in price. It was due the world's majority of Central Banks, the World Gold Council and the Bank of Internal Settlement joined forced to stop the US financiers (Goldman Sack, Mogan Stanley, Citi Bank etc.) on issuing unlimited paper gold future contracts like they did in the last 50 years. From 2023 they were forced to deliver physical gold according to the gold future contracts that they sold. From now on gold price manipulation will be harder to perform therefore gold price improved, unfortunately silver future cannot follow the same yet.
You totally get it, not many do. Real price discovery will happen soon enough and their short hold on gold will end
I’m no expert but, I think the mature aged gold bugs find it hard to understand the world doesn’t see gold to be as important as it once was.
I'm not a golden oldie but still believe in GOLD. It WILL be back with a block chain element for faster transactions.
Yet
You've been living in a world that only knows fiat since 1971. When fiat finally gets measured against gold, it will fall and gold will be the last man standing. Bitcon may survive but I'm not betting on it
Guys like this hold most of the worlds wealth though.
First time hearing from Frank. Impressive interview. 👍🏼👍🏼
His camera is so bad. 🤣 And I second that David your old hair was on point. Still love you though.
David...your hair is spectacular
Citizens are not required to be held accountable for their financial spending to anyone, but politicians spending public funds must be held accountable.
Good see Frank expanding on these major developments
Buy Cartier Resources. Chimo Mine NPV 650M at 2200 gold. Market cap 30M and they have 6 more mines. Owned by Agnico Eagle and O3.
“The US is so heavily debt-laden, its housing prices are so high and its medical care is so extremely high (18% of GDP) cannot compete. It cannot re-industrialize without taking radical steps to write down debts, to de-privatize health care and education, to break up monopolies and restore progressive taxation. The vested Financial, Insurance and Real Estate (FIRE sector) interests are too powerful to permit these reforms."
That makes the U.S. economy a failed economy, and America a Failed State.”
Michael Hudson, July 22, 2023
I like listening to Frank's thoughts. He seems to have been there and done it and continues to everyday. Some investor and mining guy. Thanks David, great work. Some one always says gold knows which I have always thought is mad, however this rally feels like that, exactly as Frank says. Would be nice if it impacted some of my miners that is for sure.
Currency values relative to one another is a floating abstraction, frank is right about comparing them to gold, but what is also true is that there is also a failure to compare a given currency relative to itself if not for various factors. Some people try to calculate how much inflationary pressure has been exerted on the US dollar without considering that if not for artificial forces, there would be deflation, like the u.s. in the 19th century.
Gold is WEALTH! Full stop!
@billhaney8160 those who fail to learn from history are doomed to repeat it!
@@billhaney8160you should warn the central banks who are buying billions worth. Since they control the coming world financial system, do you really think they are misguided?
Gold is negative 40% since 2014 vs inflation, bitcoin is +2300% since then vs inflation. Just sayin. Technically gold has not reached a new ATH when you consider this.
@@billhaney8160😂😂😂😂. Money is gold 🤡. I guess you think you know more than all these central Bank's and countries buying it up?? Good luck
I love how David has built his own brand, go David!
love franks lower level wine cellar in the back of the fabulous stairway
Always admired and respected Frank 😊
David, I live in the UAE where it, along with Thailand and China, started the MBridge project with the BIS in 2019. The first CBDC payment was completed on January 1st in the amount of $14,000,000 with China. CBDCs are already being used here. Also, the digital Euro was launched last year in November.
Also, through my current account with Ras Al Khaimah, I can buy gold at a 10% discount to spot for collection and self-custody. This started last year.
Thx. And how does crypto factor in?
@@HoneyBadger80886 I can’t say. But, I do know that central banks don’t like competition for their fiat currencies. For instance, it’s banned in China. It’s banned in neighboring India, Qatar, and Oman. I suspect that it will be banned in Saudi Arabia and the UAE as CBDCs become pervasive. In fact, it’s already banned in half of the BRICS+ countries.
How are they trading using this Mbridge system? What are the trades priced in? USD?
@@skydragon23101979 They’ve already switched to the use of local currencies. This is accelerating!
@@skydragon23101979 Interesting. I responded earlier. My response was removed. Local currencies.
It doesn't matter when you read this.
GOLD IS KING. ALWAYS
It is not the dollar, nor oil, nor anything else. Gold has always been king. That is why no central bank in the world has gotten rid of its gold reserves.
Prove it. You can't. It is a shell game when it comes to gold and who has what.
The most amazing thing is that people are turning to both gold and BTC at the same time. If BTC price detached itself from the stock market, it would be so nuts.
Bitcoin is a psyop. It is pure speculation. There is nothing there other than price.
yeah but when would you buy gold and get a 2 or 3 x over 10 years when you can get a 20 or 30 x in crypto over half the time.
what part of inflation adjusted don't you get? inflation adjusted gold is not at an all time high and miners costs are up over 20%
Yup. Learned a lot.
Since Mr Giustre is so clever, financially, he's obviously done investigative work. Oddly that duzn't seem to tie in with his friendships. No allegations, just a notation.
Fantastic guest! ....great video..keep rockin!
Franks a good man...
Nope, selling a commodity to retail that is negative 40% vs m2 money supply since 2014 isn't nice.
Gold has beaten the SNP since 2001 and they were bolstered by 4 QEs and 2 to 3 non 'QEs'.
So, Frank all excited to bring new gold into the markets, further diluting the current supply. Digital gold, a way better model.
Excellent interview , no point is missed , no stones stayed unturned , on questions regarding the BIIIIG. CHANGE happening in the world
I think we have become a little too obsessed with this crisis topic. In the right sense, the market never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my $480k portfolio. I read that people are pulling in massive profits despite the downturn. Here for tips on how they do it
Just hire a good strategist man. Lately, they and those who use their services are really the ones pulling in the big money right now. There are advsors that can help you achieve very consistent growth. You just have to make some research and get one who fits your fin-goal.
There is always a market recovery. But then Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just $17,000 short of half a million dollar portfollo.
Mind if I ask you to recommend this particular coach you using their service?
Solution to avoid dollar crash - Fed must let rates go up. Stop the money printing to pay for deficits. Force congress to grow up and become more responsible with their spending.
Too bad Frank’s audio is so bad (echo). He is very knowledgeable but the echo is distracting.
Frank is a breath of fresh air compared to the Bit-Con pumper Sollaway!
What advice can I get from Mrs. Giustra about starting an olive oil business?
I saw his debate against Michael Saylor, some time ago. Frank Giustra seems destined to grow old without fully understanding Bitcoin.
He is a gold salesman. He won't do anything that would go against that.
The so called debate he had was pathetic.
Frank is an absolute maestro...thanks for getting him on David.
Great interview guys!
What's interesting is the stock price divergence between North American gold mining stocks close to multiple-year lows, while some Chinese gold miners (Zijing Mining. Gold China...) are at or near all-time highs. Maybe that gives a clue as to which large central bank is buying gold.
Wise words from Frank.
It's so simple, when the U.S. expands its' economy we just print more dollars to accommodate / facilitate the need. We are currently moving into the Space Age rapidly which requires much more currency, this action always dilutes the dollar which requires more dollars per ounce of gold. A gold rally means nothing more to the U. S. than moving forward. We have the strongest, most innovative military in the world, that's our security. We are glad the BRICS nations are absorbing those 20 needy nations that we have been supporting for almost a century, it ultimately will simplify our currency outflow.
What's wrong with his camera?
Probably AI focusing but I don't know
Debt is unlimited, numbers doesn't matter anymore. The printer will never stop.
He said there's two wars going on. He's wrong, it's one war and one genocide!
Hamas: Fucks around
Israel: "Find out"
Franky 👏
The reason why gold miners are not doing well is perception management. Investors believe in the FED and the FED does not believe in gold.
My best guess, 'gold,' the top banks bought gold, so to remain more solvent, gold price manipulated higher.
10:56 - this may be great in the context of West versus BRICS but, for any consumer anywhere, it is a form of social control which c@n limit your purchasing power based on social credit systems, I.e. how obedient you are to the State.
I don't care for David LIn, but Giustra is an excellent guest so I watched this video, and it was a good one.
Why is the camera zooming in and out during the interview?
FaceTime I’m guessing
AI driven I suppose??
Very annoying!!!!
I have been listening to macro and geopolitics podcasts for the last 4 years or so from various people in these fields and most of them I have worked out talk a load of sh1t.
There are really handful of people who really know what the are talking about and Frank is definitely one of them 👍
I agree Fiat isn't moving in the direction I want it to. People have to move their funds into alternative assets.
Fantastic guest and great job on the interview David!
Special interview with the Legend in mining industry...I bought West Red Lake Gold because he was one of the major shareholders...Go with the smart men like him... Everything will crash except Gold & Silver...Get in now
It'll be another couple of years before the next seasonal down.
Countries are ramping up in the meantime to to safeguard themselves, moving away from the source and buying gold to backup.
Very informative, Thank you!
EXCELLENT!
I'll answer your question if Frank hasn't put it together. Beside the central banks (which have been up to this for some time). Do you remember how in the weeks before Gold and Bitcoin all started hitting new all time highs? -- that many multi-billionaires have sold a lot of stock and raised a lot of cash, all around the same time? There's a whole list of them. All of a sudden. Along with the news that so many are building their luxury BOL's. How much you want to be that these billionaires are cashing out as much as they can and moving money into Gold and Bitcoin as their own hedges. All of them doing that at once could easily be what is creating these new ATH's that seem different and aren't slowing down.
Better question is Why? what do they know that the unitiated masses don't know?
Probably global war is being tee'd up. Esp. if it appears that nothing else will stop Trump from regaining the Presidency.
(or)
They've been told that the gov't has major austerity planned for after the election, regardless of who is President. Which is likely true anyway, because eventually the rugs get pulled and there is nothing left except pain.
(or)
They've been told that after the election, the Guv and Fed are going to initiate CBDC and tie it to Gold and let the official Treasury gold price flux to the market, and then after it goes real real high, they would tie CBDC to new US Treasury Gold certificates that cannot be redeemed for physical but become new tradeable securities themselves and then they use those to pay off big hunks of the existing debt in these new Golf-certificate backed CBDC dollars. Devaluing the dollar by the ratio of old Dollar to old Gold to the new CBDC dollar again backed by (nonredeemable) gold, at around a multiple of around 47x (using a $2k gold price).
But probably war, because they love war the most. But, that's why these things are getting new highs. Rich people in the know have raised billions of cash and are transferring some wealth.
Most Americans don’t think about the bigger picture. Their concerts are the price groceries,gas and their mortgages.
Great interview, David.