I'm unconcerned with where gold is going. Over the course of my life, I've seen $35 all the way up to $1900+ and I know the trend is ever upward, as the dollar goes ever downward.
Started really investing in gold in 2015 knowing this overflow of $, €, ¥ and all other major currencies with huge debts wouldn't last for years and years. Ok, got in early when gold was at 1215$ an ounce but when you know what'll happen who cares if you're an early investor ? So yes I accumulated gold from then on and my patience, yes PATIENCE has paid off. My family know I'm not an impatient person and have profited more than I from what I've told them to do as they started accumulating gold in october of 2018, just days before golds move upwards. But I vividly remember a Peter Schiff podcast a few years back who said "who cares if you're early" that you bought gold when it was at 1215$ or even 1250$. It's not the 35$ difference between the best time you could have bought gold and when it's at 1765$ as of writing. You won't think about those 35$ when it'll hit 3000$. The important thing is to know where all this is going and to let it play itself out. Profiting from other peoples distress ? Maybe, but I'm not the one in charge and creating havoc and pyling on debt. Say that to Trump, to Powell, to Lagarde, to other european leaders. They're the people responsible for this crisis. The coronavirus isn't even the culprit as we were going down that horrible road anyway. Why did gold go from 1215$ in october of 2018 to 1680$ an ounce before anyone cared about the coronavirus ? Because things were really bad in the economy. Remember december of 2018, worst month on record for the stockmarket since the 1929 great depression, only "saved" by the trillions printed by the FED on the fourth of january 2019 ? Remember the three interest rate cuts in 2019 when they were supposed to hike them ? Why do you think they cut interest rates ? Do you cut interest rates when the economy is floroushing ? Remember the REPO market that started last october ? All those trillions that lasted till the coronavirus crisis. The coronavirus replaced the REPO that's all. I really don't get all these people who keep telling you that there are a few problems but nothing that can't be solved. I'll say it once and for all THEY CAN'T SAVE THE SYSTEM !!! If they could they'd have saved it decades ago when it was still possible, when the FED was printing a few billions and not trillions, when the US debt was manageable but not at 24 trillion. Sorry, there's no way out of this and they know it. Frightening prospect to day the least as we're all going towards the unknown and the unknown isn't rosy, that's for sure.
This interviewer is excellent, he’s doing a great job asking the “tough” questions that MSM will NOT ask, and he follows up challenging the answers. Well done! 🙏🏾👍🏾👏🏿👏🏿👏🏿
2:31 That’s a fantastic differentiation - this is “monetary debasement”, NOT “credit inflation”, and that’s why gold is responding so well. Love this guy, very logical and particular with his words.
Get physical in your possession every chance you get. In this environment that is not getting better any time soon the price in U.S dollar or any other currency is irrelevant. Weight and purity is all that matters.
I'm a gold bug, and generally agree. Gold doesn't make its meteoric rise until the dollar dies, and the dollar is still the global currency. Meanwhile, money printing will resurrect the stock market, make the economy look good. But, this is the 'last hurrah'! In a couple of years, either everything unravels for good, or there will be a timed reset that replaces the fiat dollar with a new money, which save the day! Either way, gold will shine!
What's that $2.00 can of soup gonna cost, $5.00 - $8.00.. when gold is $5k - $10k.. Cans of Soup (on sale, usually in the fall) are a good inflation hedge.. Don't get me wrong, I own some gold, But I like to eat soup..
Any chance you guys can upload videos on the actual date or at least put the date in the description. Leading with the host saying this week stocks are up, when they aren't, isn't good.
KItco's predictions have historically been wildly optimistic and inaccurate. With this being said, I think gold is much more likely to perform by year as follows: 2021 - gold 1,800 2022 - gold 2,000 2023 - gold 2,100 2024 - gold 2,200 2025 - gold 2,300 Gold is a great thing to hold but when Kitco plugs 10,000 an ounce gold I can agree if they say gold will be 10,000 in 2040 - not before.
Go to usdebtclock.org, scroll down on the right and click gold/precious metals. Gold to dollar ratio is now at $31k and rising. I don’t see how gold cannot go up with all the money printing.
On tv in Europe you're starting to see adds from companies wishing to buy gold (jewellery, coins, etc...) companies based in Spain, something I hadn't seen since 2012.
3000 USD gold is probably just the next equilibrium price after the moon shot if the FED eventually get everything back to sanity with Paul Volcker part II.
When Kitco says the Fed's assets, they mean the US right? Nothing fundamentally wrong with Canada except that our economy is so closely tied to the US. And that's the same with the rest of the world.
Are u serious please just stop it ..the price is falling and the metal folks are always hyping ...just go to $50,000 ..u know u want to predict that ...someone here will I guarantee.
Gold just barely made it over $1800 today. $3000 is a pipe dream at this point, although certainly attainable over time. $10,000??? Not in my lifetime, or anyone else's for that matter.
when are we getting over $2000?! seems silly to talk about these huge numbers, when they have been printing money like crazy all year and prior years, stock market is completely propped up, trade wars, global pandemic & gold has barely moved up....gold should already be well over $3000...conditions will never be this good yet here we are
