With fears of inflation spiraling out of control and central banks losing credibility, a massive rush into gold could drive prices up significantly. It’s the ultimate hedge against a collapse in fiat currencies
That’s the thing it’s hard to say. we’re seeing bubbles in nearly every asset class stocks, real estate, even bonds. If those bubbles pop simultaneously, people will look for safety, and gold could be the answer
There’s also the argument that if gold does shoot up to $10,000, the world economy would be in such bad shape that owning gold might not be as beneficial as people think
You’d have to wonder what else would be happening at that point would governments impose restrictions on gold ownership, or would we be in a situation where bartering and other forms of trade are more common than using gold as currency?
Can this guy please stop making random calls!! Gold crashes to 1000 usd was his call for a decade…he failed….so now he calls 10.000??? What a joker!! This guy is an IT guy btw who sells BS newsletters to new traders. Stop inviting this guy he only confuses people.
@@RedondoBeach2. Yes true. But if someone said one month ago that they see Trump assassination attempt and Biden dropping out...they would be scoffed at. A lot of shit can happen in a week...let alone from here to December. Buckle up.
He needs to revise his report.things are not the same as the past.Dollar may strengthen compared to other fiat currency and Gold might go down to 2,250 but not 50% according to analysts charts . He forgot about bricks/ Shanghai, WW-3, FBI warning of attack of cyber and electric grid by terrorist already in the USA. Gold is a tier one asset according to BIS who is the biggest central bank and BRICS central bank. Not the SWIFT system. And many more reasons thing are not the same as the past.
What’s changed is the level of integrity in the system and people buying into all the nonsense! The reality is that nothing has changed. Gold is money today and has always been money for thousands of years. The US dollar will get crushed relative to gold and commodities in general not the other fiat currencies! The inflation is piled up in the tech stocks. Once those crash watch out. Look at how fast the central bank chiefs and politicians come out screaming as soon as these stocks start tanking!!!!
I try to think what’s different this time to 2008. Well, massive gold buying by many central banks. Could this not signal something different in regards gold losing 35+%? Bitcoin. Why would people pile into Bitcoin in such an environment rather than precious metals?
A refreshingly original analysis, which, contrasts with the other Commodity Culture interviews. This accurately reflects the diversity of opinions which make up the actual commodity market. For every seller there must be a buyer. Which one did the right thing, the seller or the buyer? None of us has a crystal ball. You pays your money (or takes his money) and you takes your choice, to paraphrase the old adage.
Good question, I think there are a number of factors and one being that the supply side is extremely constrained to the point where high demand isn't needed to push prices higher for some commodities. Extreme underinvestment in the sector is another. I think Goehring & Rozencwajg give the most detailed breakdown of why this can occur.
How can he bet on SNP 6100 AND GOLD -30% AT SAME TIME !?!?!?!? He is betting on gold downside before November. And he is thinking about huge run in snp!?
Everyone who gives you prices and times predictions should not be treated seriously, so many difrent assets and factors you dont even try predict. That was funny to listen anyway
I tend to agree with you but it will be interesting to see how things play out from here on both Henrik and David Hunter's price calls for commodities.
In Fairness now, He was calling for $800 Gold at $1,600 ,Its now $2,500+ , It moved over $800 alrite just in the opposite direction. He got Gold very wrong. He may yet be right to some degree but i don't ever see Gold at $800 ever again. I certainly would not sell here to try and catch it again at a lower number, I think its more likely to go to 3,500 rather than 1,500
What a CLOWN.. He obviously doesnt realize what that would mean to Central banks .. Gold is now once again a TIER 1 Asset.. And ass the Dollar goes down the Gold tier one asset will go up. WAY UP... Why do you think we have been holding $2400 for over 6 months now or around there .. Thats not inclined to think its topping. LOL Thats BASE BUILDING...
The paradigm of silver and gold has changed since 2008. Silver stocks are now is being depleted quicker than it can be replaced, and Gold is now a Tier 1 asset again... I can see a dip maybe in price, but not the 50% haircut Henrik talks about
Did he say $300 Silver in the supercycle …considering we are about to run out of silver! Usage in Solar and industrial is off the charts, surely it would he exponentially more 🤔
These commodity pundits who largely missed it but who still want to increase their gold holdings have been calling for a reversal , a buying opportunity, for a year now. I knew when the retail market was not in this bull run that this would be it's real run- it's not coming back, you missed it!
There is only one thing good in his analysis: the presentation. The rest is c..p. It is precisely this quality of him that enables him to suck in many unknowing investors.
Hentik has a nice house. A great con that talks the talk. He is good but never right as no one knows what the markets will do. Gold from 10 dollars to 10000 so its anyone's guess...
Deflationary bust??? You mean inflationary bust right? What is this guy talking about? Only guy in the space finance space I’ve heard say any of these things.
@@CommodityCultureI watched it all. I just haven’t heard Bald Guy Money, Finance Log, Peter Schiff, Andy Schectman, Rick Rule or anyone else in the finance/commodities space call for the price of gold dropping, a deflationary bust or the strengthening of dollar; even temporarily. inflation isn’t going anywhere, the central banks are buying gold and repatriating it out of US and putting it in gold revaluation accounts.
@@CommodityCulture I watched it all. Just haven’t heard Bald Guy Money, Finance Log, Peter Schiff, Andy Schectman, Rick Rule or anyone else in the finance/commodities space talk about gold going down, a deflationary bust or a strengthening dollar, even in the short term. Inflation isn’t going anywhere. Central banks are buying gold at record levels and repatriating it out of the U.S. and holding it in Gold revaluation accounts.
@@alan2102X I’ll check them out. I just don’t see that happening when central banks are buying gold at record levels, repatriating it and holding it in gold revaluation accounts. I don’t see deflation or a strengthening dollar in the future but we will see.
