🔴 Did China Just Sucker Investors Out of Their Gold? - Ep 964 

"China just dumped 7 trillion of US treasury..."Well, its so obvious that things are not improving. I'm looking at high-yield dividend stocks. Selling 200k worth of equities is stupid without reinvesting it. I might turn to cash soon if I don't invest it. Any particulars? (Buying bonds or CDs is not for me)

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

I just want my money to keep outgrowing the inflation rate. That’s why I'm looking for companies now to invest my $120k savings. Just don't know strategies to employ to make significant gains

I was laid off of my corporate job, along with others, to give our jobs to people in Colombia and India. So Americans arent working but foreignors are on the payroll now.

My portfolio for the past 30 years has always been self managed and I own 3 shares of RPC WEALTH IAF Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incorporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.

I don't even look at silver and gold price. Just keep stacking.

I have listened to your show for probably 8 years now. I have met some Gold miners in CO that have said they are acquaintances of yours and they have said you are just as upstanding in person as you are on your show. I have much respect for you and hope to have the pleasure of shaking your hand some day.

Government: + 272.000 jobs ! Households: - 408.000 employed ! So 680.000 people got a second or third job and 408.000 people lost a full time job.

Great podcast as always. Thanks

I can’t find any silver to buy for 29. Only paper. The only silver I can get is 32.50ish

If the chinese would be done with the buying of gold they certainly wouldn't communicate it.

I laughed out loud when I saw Friday's bogus NFP report. It was just ridiculous! 😂😂

July Headline "China buys record amount of Gold in June " 😅

China "stops" buying gold......while buying gold. wink, wink.

I loved the big gold decline on Friday , I bought a little more.

What I don't understand is why Comex and Lbma are supressing the price of Gold and Silver if China and Bricks are buying these metals? They are allowing Bricks to buy cheap. Why?

2% Inflation is a 2% tax!

China market was closed Friday. And will be Monday. The news was market manipulation by the west, and the drop was done by the west in the absence of Chinese activity.

Peter please do your shows atleast twice a week in these Volatile times. ❤thanks

I believe the gold price fell on Friday because it was being manipulated in anticipation of the news of June 9 end of the petrodollar

Bought 6 oz gold on Saturday ty china

Investors are extremely alarmed by the impending recession and the Fed's rhetoric of raising interest rates. My $600,000 stock portfolio has lost 25% of it’s value. Whats the best way to hedge my portfolio to make profit in this coming recession

The recent stock market collapse in China is causing a lot of panic and economic turmoil. it's crazy! I read that the government had to intervene with a massive 2 trillion yuan bailout facility to stabilize the situation.

The chinese government SAID, they didn't buy gold. We can only know one thing: They want us to think, they didn't buy...

Started buying again at $2288 hoping to be loading up even lower. Thanks China

It’s always going to be a moving target 🎯

When I first started watching Peter, gold might have been $1k. It has surely doubled. Even if he were completely wrong about stuff, his advice was solid.

Read a long time ago that China's central bank don't buy gold if the private market in China is buying a lot of gold. Because they don't want to fight over the gold that is in the market. It's what could have happened.

From $25K to $180K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

How can anyone expect accurate predictions when those in control constantly change the rules and move the target, I think Peters advice is solid and if the truth was reported would be spot on and accurate.

WHEN KIDS GIVE YOU FINANCIAL ADVICE THAT IS THE MOMENT OF COLLAPSE

The price of gold will go up and down but gold will always be worth more than what it cost, if that makes sense...🤔

Great show. Thanks.

TRUTH SPOKEN HERE

Excellent views from gold guru Peter Schiff. 👍

Thank you for your service and help PETER I WISH YOU A LONG HEALTHY LIFE ❤

GOLD IS VALUE NOT PRICE

Miners are finding it harder to find gold to mine CNBC.

Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.

What about immigration effects on job report? If 12m people are coming in each year then they could be part of the hiring number

Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.Thanks to Zelia Atkinson, the lady you recommended me to.....

Luv Schiff, and luv the Opera House pic over his left shoulder. From Sydney Aust.

Thank god I wanted to invest but gold was going high so I’ll take advantage of this dip.

Another great one!!

Thanks for all the good information Peter

Thank you excellent as always.

It's so easy to initiate naked gold futures until you wake up and realize China has bought it and is expecting delivery 😂

Thanks for the information.....👍

I am the strong hands Peter. I have been buying miners for over a decade. I was buying many more Silver miners when they bottomed a few months back. Added to EQX and HL on Friday's dip. END THE FED. Gold and Silver are money.

Thanks mr. Schiff. U make complex things easy to ustand for us novices.

Three China Truths: 1) sold a record amount of US debt in May; 2) bought zero Gold in May, after record buying in the first quarter; 3) June 6-mBridge becomes a vehicle for the Saudis to tear up the 50-year Petrodollar agreement. So, China had a MASSIVE swing in May. No one has said where that liquidity went-that pts, 1 and 2. Prior to pt 3, other countries would say to China, “you can’t pay in RMB because what can I buy with RMB?” But now, China can say, “you can buy all of the oil you want from Saudi Arabia with RMB.” Of course, buying from Russia and Iran is also possible. And India and (soon Turkey) who are processing and moving massive amounts of oil will be full BRICS and mBridge players by the Fall of 2025. So, back to the massive Chinese liquidity… what do you think the Chinese are doing with it, and what do you think they are planning? (Maybe one starting point is: they can start paying for a lot of items that they are importing, because countries are going to start accepting….)

Got silver and gold on saturday morning but had to settle for the just a small assortment of coins I wouldn't have chosen normally. Usually I go for Eagles and Kruggerands or Britannia but only got a handfull of them and prices hadn't gone down by 6 or 7% but much much less (I'd say 3% max but closer to 2.5%). Eventually got a good bargain on Ebay by a guy that was obviously spooked. And this morning I called two of my usual dealers and they're having a hard time buying stuff in quantaties that wouldn't have been problematic to get a month ago but are complicated to get nowadays. It's really buy what you can mode, not what you want.

Thanks, Peter. The upstairs looks great, and I'm loving the books. I'm nearly at my goal to get a 1 oz Gold Britannia this month, so I'm happy. I've been buying physical gold ever since I started learning from you back in 2019.

Of course I recognize that office lol!

Good stuff, Peter. Thanks.

Thanks for your insights. I always look forward to your commentary.

I remember a time, where you had to make a video on your laptop in your office, because your desktop computer wasn´t functioning. The content was great, but the technical quality had a lot left to be desired. Did you also record "Wall Street Unspun" in your office?

as someone who has been LONG GOLD for the past few years...... I love when we get significant dips!! allows me to buy more! 😀😀😀😀

Thanks!

Peter nailed it again! When world markets finally understand Peter's message, you will see the violent and sudden collapse of Bitcoin to ZERO! ZERO! ZERO! BUY GOLD!!!!!

Good video Peter. Keep ‘ em coming. Love hearing your facts.

Gold and silver consistently get their teeth kicked in, especially if they’ve gone up a little. It’s like they get punished for going up. Totally frustrating, completely crushes new investors and stackers.

Very excellent breakdown Peter thxu 👍

Thanks so much for this excellent analysis

I have never heard a single explanation that makes sense for 2% inflation. What value is there in debasing the currency by 2% or any amount per annum. Please explain to me why inflation at any level is beneficial for the citizenry.

Historical pricedata suggests that the goldprice always trends down during the summer, for instance because of goldmines in alaska etc. This effect is on average 5%, which is 100$ down. But right now the selling volumes are actually very high. The gold price can easily go down 10%.

Lol, my thoughts..not selling my gold.

Shorted gold and the euro after the rate cute, my account is printing

We’re here for your insights, Peter, don’t worry too much about upgrading the equipment/studio quality of your podcast. Diminishing returns on that stuff (I think)

Monday sell off again, then really strong rally all week

could also be because of options. The options on futures point to 2300 for July and August contracts (max pain). And max pain for silver is 28.75 for the July contract. These markets are hugely manipulated. they can move it where ever they want it to move

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .

Bunch of big corp sponsors I see... Congrats Pete

Love from CT!!

Love Peter ⚒️

Peter you are an excellent speaker. 👍

Maybe Chiner revised their gold buying down like we do with jobs.

And up again Monday following this video

Also I watch when the COMEX opens in the morning and paper gold is being used to manipulate the physical gold price. I usually watch the price drop in coordination with the opening of the COMEX. I understand that they do not have enough gold to meet deliveries when many people start to call for delivery of physical gold. They will have to buy gold on the open market in order to meet deliveries. This will cause the gold price to shoot for the moon. So in the words of Peter Schiff you would be better off buying a year too early than a day too late when this occurs.

Looking at the Gold chart and on a weekly basis it needs to come down and restest 2050usd. Just a minor correction from an all time high price... I wouldn't be surprised if 2150 held as a new lower low price and it takes off from there.

Peter Schiff is the best

They never once felt the need to announce their gold purchases, but all of a sudden when gold is rising quickly, they feel an insatiable need to tell everybody they stopped buying. LOL talk about telegraphing your nefarious intentions!

I wish gold would go back down to 1950 for a while again. I was buying regularly.

Thanks

Thats the question

Thank u Mr. Peter for bless 🙏

yep

Still piling into silver

It's all gunna crash like a mofo

Hi peter, im a new subscriber to you're channel. Can you tell me if im better to invest in the fiscal gold or should i just buy GLD stock?

Uff, the thing is that market is not that stupid. The market simply figures that if the reported NFP numbers are super high, the Fed is less likely to cut rates. It is that simple.

Yes they did.. but do we still have the power ? .. lmk

Peter, what I would say I didnt understand before was the idea that the dollar doesnt increase in value, and relies on a deficit. Thats why its a ponzi scheme, not necessarily the debt for collateral part of it. I think collateralization is very important, i dont like the credit system opposed to like business sales. You should mention that more, they could raise the GDP still

The most insane thing is all these technical analysts on gold switching their narrative. Before the dump : 2300 is the big support for gold, tons of buyers there, waiting for 2300 gold to buy After the dump : This is a bear market, short gold Can't take these folks seriously. Buy the dip.

Hi Peter, they say it’s not a good idea to have a bedroom in the basement. It’s not a good place to sleep because usually not good air quality due to high moisture and possibly radon😊 Loved the podcast! Thank you for always bringing your viewers interesting and relevant information.

I like it Pete. it looks classy.

Working FT for 1 week off. Rigged StockMkt, health insurance. To be laid off any time. That’s the problem. No incentive.

I remember that bookcase ☺️

China: We are not buy gold. These are not droids you look for.

Thanks for pointing out some of the most aggressive lies of madame Foularde!