@@rockabillyrevolution I means he one of the greatest pump and dumpers. You should have heard what he was saying about his diamond company in 2011...that went to zero!
@Peter Hathaway same thing the mining companies are doing. except they're not selling it LMFAO. watch a 5 dollar mining stock share , shoot up to 5000 per share HAHAHAHA. i hope this market takes the nastiest shit.
@@s4nder86 it has nothing to do with semantics....if I buy gold at $100 an ounce then gold goes to $200 an ounce it does not mean you doubled your money. When the value of the dollar goes up, gold price goes down. When the value of the dollar goes down, gold price goes up. Either way you are in the same boat.
The irony is that liabilities don't get re-priced alongside goods and services, so the people most poised to benefit from gold positions are those who also hold fixed-rate debt.
so what does that mean then/ ? like what does it mean to the guy who is holding a few ounces of gold when its $20k per ounce? how does he sell the gold or make profit?
gardeur until they don’t . Bitcoin will be called Bitcon . Warning ⚠️ it’s at a top it’s a bubble . It’s a pyramid. Only at the early time people making money . It’s a hot potato 🥔 who can get rid of it first and left holding the bag 💼 eats it ! Gold DIFFERENT STORY ! Every one will take gold .
In 1929, the DOW dropped 82% to trade even with gold. That could happen again, putting gold and the DOW around 5K. That’s a more reasonable prediction.
@babababaaab in which case gold and the dow could end up near 50,000. Only time will tell. Either way gold is likely the safe place to be. I pulled out of most of my stocks, I cant find many good values anymore.
@@dennisyurconis742 Have a look at Cresco Labs. They're a cannabis company operating in multiple states in the US. Extremely profitable and constant quarter over quarter growth. Flying under the radar for the most part.
Awesome David that you can get these legends to give their time and give us real information that is straight forward and takes the mystic out of what is essentially digging dirt out of the ground!.
Why ? Do you have a sign in your front yard that says gold here inquire inside ? You tell nobody about your wealth or lack there of ! Gold and silver have and are being suppressed to a ridiculously absurd price to discourage the average citizen from investing . But gold and silver now ! Lots !
I sold 12 oz of Canadian Maple Leafs gold coins for about $1600 each a couple years ago. What a fool I was but at the time I needed the money. Now my main goal is to re-purchase the same amount and more but now of course they are $2700 CAD each. Oh well. Live and Learn.
Right on Dave good video. I’ve been under mining all my life. Right across Canada and in Alaska and down in Mexico. I’m retired now wish I was still mining there would be so much work for miners now. A guy could pick and choose where you Want to work. But I’ve been Stacking gold and silver very very Heavily. And buying mining stocks. and just buy the mining all my life. I know the good mining stocks and when to buy them. And the gold and silver been paying off greatly. And the mining stocks even better. But thanks for the good video. And have a great day
Truth be told, I didn't like David at first. Watching him over time. No reaction, no intimidation, to bombs dropped by the best. Dave, Buddy. You're solid. A South African Fan I like your approach.
Gold has primarily moved upward in value around 36%. Silver has moved upward 60% Silver has moved in the past 2200% from 1974 to 1980. Again from 1999 to 2011 1074% increase. I just dont see gold moving up 1000% from now. Gold increased 700% since the 1990s.
The Fed, Trump, nobody can keep stock indices pumped indefinitely. My thoughts are more in line with the John Campbell Dow/ gold ratio schematic, where by March 2024, the Dow reaches approximately 6300 in a series of dips, the next one being of ENORMOUS magnitude. Then a $6000 steady sustainable gold price, which may have peaked higher than $6000 initially looks more than realistic to me. Others like Pierre Lasond and Jim Rickards think $15000. I'd take EITHER
if we see Gold at $20,000. This means that there's super high inflation. 1 gallon of milk would be around $45. Regular ground beef = $100 per Lb. Gasoline = $50 a gallon. Minimum wage = $175 / hr. A regular meal at McDonalds = $100. Chipotlet = $120 for a burrito.
Why are we talking about MONEY in currency/fiat VALLUE.... A ounce of GOLD is worth a ounce of Gold......Real Money vs Fake money. Also if GOLD goes to 20,000 FAKE CURRENCY are you selling yours?...... its unintelligent and weird
Buying farmland now with a fixed rate loan. At $20k gold, just 1% of my mining shares would be sufficient to pay off the loan. Trade in paper shares (after they go up) for fiat to pay off loans with inflated currency units. The mining shares can also be converted to more ounces as well. No need to actually sell the physical metal.
Absolutely, I dont understand why people make so much noises about a rapid increase in gold prices!! If the $FRN has little value in terms of purchasing power then does it matter if i oz of gold in 20K or not??
@@nikkion2140 Yes gold is stable while the fiat currencies are tanking in value, causing the price to rise. Gold at $20,000 should in theory have a loaf of bread costing $30-$40.
@@wesleyt4109 How much did a loaf of bread go up from 2001-2011 when gold went from 250 to 1900? It's a dumb argument, there are more factors to gold price than inflation.
No. 1 Market cap of gold is already 50x higher than bitcoin. 2. Bitcoin has mining difficulty adjustments. 3. Bitcoin is more divisible, fungible, cheaper to transfer and safer to hold. 4. living in a digial era.
I do not neccesarily agree with you, but you do got a point. The gold bug world is an echo chamber, and the walls to the outside are thick. I think gold will appreciate tremendously over the next year, but I do not know for a fact. All this aside, I have begun to laugh at the psychics that predict gold prices. It has, it seems, turned into an auction. The bids are just getting bigger. Highest I heard is around $50.000 per troy oz. So to win that race I raise to $60K. :P
Just because you and I are talking about gold, it doesn’t mean regular Joe on the street knows what’s going on. Trust me, when the herd arrives there won’t be enough gold to go around, then WHOOSHKA! Up the price goes!
it is going to be many paper money ., in venezuela I used to pay a few millions for just a red bull so, dow will be inflated because many paper dow will go to 50,000, in average ratio to 5 with gold , making gold value 10,000 silver 200, and the prices of house will go up and up just like Europe the problem will be for people with a regular salary to buy a house , but those who have gold will need probably 30 ounces to buy a house in 2030 ., but will be a major correction in 2021 the last opportunity to buy a house for cheap price after that, home prices will never go down ever., just like Mexico ., In Mexico home prices are always stable don't go up so much but never go down . in venezuela now you can buy a nice house for 20,000 grand usd but people make 40 usd a month so is impossible for them but if they were smart enough to buy gold since 1980 the will pay the 20 grand with 10 ounces of gold ., so the point is BUY GOLD at least never go to zero.
@DK 777 I have a 10% loss on Franco despite buying before the huge run up. I don't really understand why it has slumped so bad. I have to assume that the gold royalty company business model just isnt very good. Do you have any ticker symbols to recommend
@@jayhay1237 depends how you define inflation. Inflation by its original definition is the expansion of money. The only way to "inflate" money is by printing it.
I am expecting 40 dollars silver price by J@n 2021, silver miners should increase about 3-5x of silver price increases. Buy good profitable companies, don't get scammed by junior mining companies.
Silver is usually produced as a by product of mining something else like gold or platnum or lead whatever, very few purely silver mines Not hard to find just hard to pick cause none are that great Wesdome goldmines mine gold& they mine a little bit of silver as a by product you should check something like that out
$20,000 gold? It's now over 3 years since this video, and gold is lucky to be holding above $2100. Good thing nobody held their breath with this Ludacris prediction of $20,000 gold.
The more that people like Pierre, Schiff, Rickards etc make ridiculous predictions about the gold price the more likely gold is only weeks away from entering a bear market. Bristow of Barrick is using a $1,200 price for his internal workings.
That’s an interesting point of view, but 1: we’re not so high yet compared to other assets, 2: these guys were already making predictions like 15000$ a few years ago so it’s not new 3: every once in a while gold to dow ratio falls to one, 4: with all the money printing, even if you believe in MMT, you would want to have some gold, just because other people will want gold to protect themselves. 5: in case of a fiat money collapse, crazy gold price just means it keeps its value. 6: the mining companies must base their profitability forecast on a price point so low that there’s no chance they miscalculate and go bankrupt.
I’ve no idea how many times I’ve heard that Gold is going to go through the roof... wishful thinking is a terrible enemy (Yes, Buffet has purchased Barrick Gold, but it’s a very small investment.)
I'm literally sick of people saying 500M purchase is "small" because relative to his holdings it's small for Buffett. That is a substantial purchase if we ignore who it was that bought it. Buffett doesnt want to own and have to manage a gold mining company. He could buy essentially all the gold miners outright if he wanted to. He wants exposure to the sector while others run it. Note that he bought a mining stock, not metal itself. He's buying a cash flowing company that with ride the gold trend. I dont see this as behavior that would diverge from what his investment philosophy would be. He's buying a profitable company at a price he thinks is a value given the expectation for where things are going. Who knows if he's not continuing to buy more in the coming quarters? Time will tell.
Mutee Shakir Yes, Gold almost reached $2100, but Putin woke up one morning and decided to announce that Russia had a vaccine and that same day, Gold went down by more than $100 and it hasn’t gone back above $2000 since then. So the question is, if the US or the EU comes up with a vaccine, then what?
Ron Lewis You’ve mentioned something important. Buying mining stocks as opposed to the metal (Gold) My Precious Metals fund has gone up by 62% since April, however it’s been there for the last 6 weeks and Gold has come down by more than $100 since it almost reached $2100. Whenever the vaccine is available I’m not sure that Gold will be able to maintain the gains, and Mining Stocks should do better but they will also suffer. All this talk about Gold going to $20k or wherever, seems a bit crazy to me, I’ll be surprised if Gold gets to $2500.
Why is it that some if not all of the analysts say that the debt of every country will not be paid back, why is it that the average person has to pay his / her debt back? I.e. unpaid credit card debt, then the bank sells the debt to a collection agency and that agency bugs the person to pay it back?
If you actually think the banks and market fixers would let gold get to 20k, you're dreaming. Im not saying gold shouldn't be 20k, im saying they won't let it appreciate accurately.
Kitco News, New subscriber. You are doing a great job, but your desk needs an upgrade. Buy a beautiful high-end acrylic desk, it will do light-years for your credibility.
@@s4nder86Gold should have broken its record high by many multiples of what it actually did. The whole global economy was shut down and that was all gold could do. It should have broken the paper market and soared but it didn't. Keep dreaming.
@@s4nder86 Oh the coming crash that we've been hearing about for decades that never arrives. You've lost a fortune due to opportunity cost by buying gold. My stocks will do well as I know when to go from risk on to risk off as I did prior to shutdown. My gold and silver miners have gone up many multiples. Should there ever be a crash I'll be picking up solid companies for pennies. Enjoy your pet rock.
Gold down around $85.00 an ounce today and the DOW up 850 points. There is no fool like an old fool. Gold price going down, down, down. Don't listen to this old fool.
