gold news

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you know what I'm hearing from you is like what can we do for ourselves are you suggesting to own the M the bulk of your wealth in Precious Metals well that's what I do uh I know that you know the world's central banks have been net buyers of precious metals for of of gold for quite a while now and last year was a record that goes back to what 1968 I believe was the last time all time actually they they adjusted it they came back the world gold Council came back and said it was actually the highest bot

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ever on record doesn't that say to you that the central banks are doing the purchasing know that something is up and they're getting ready been saying right yes exactly so um yeah something big is coming I'm getting ready for it and the thing is you know I wish I could have come up with a different title other than uh great gold and silver Rush of the 21st century but I believe this is going to be the biggest gold rush in history the amount of currency that has been created the amount of true wealth

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that exists and then all of that suddenly trying to seek a safe haven uh during periods of turbulence which we are going into right now and gold and silver have been suppressed and some of the people that suppressed you know there's been convictions uh of people that were accused of manipulating the price of gold now these are more short-term manipulations but long-term manipulations have existed as well but uh in one chapter uh to those people you know I I say that the manipulations have allowed me to accumulate gold at a lower

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price than it would have been if the free market was setting the price and I say thank you thank you thank you thank you enjoy your time in jail let me ask you let me go out on a limb and ask this question if the central banks are desperate to to hoard gold or whatever for for whatever they see coming um and and you you bring up that gold is you know right now we can argue should be much higher than what it is and you you bring up you know price suppression can we make a link there I mean don't central banks want to keep

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gold prices lower if they're buying yes they do want to keep prices lower what was interesting there's one little piece during the pandemic there were huge amounts of gold flowing into the United States normally the United States is an exporter of gold not an importer and uh the comx was getting prepared for they didn't want to face some sort of default and if you look at that period of time if you take um the uh Central Bank purchases from China uh plus uh the Shanghai Gold Exchange and you look at

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the inflows and outflows China was accumulating the there were inflows when you look at their exchanges and the Central Bank purchases the Central Bank purchases they only report once in a while and I think they're actually accumulating more than they're admitting uh but the uh China's uh constant importation of gold stopped as well did the rest of the world and it was like suddenly all the gold was flowing to the United States to prevent some sort of uh default and um so it seems like there is something very big

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going on beneath the surface here you you talk about an economy on life support you say since 08 the financial markets have been an artificial life support and now the FED thinks they can just pull the plug without the patient dying I've seen in under other interviews you bring up uh you know former Fed chair Ben Bernan and you say it's like a it's like a joke he won the Nobel Peace Prize but yet you you you I don't want to use the word blame but I will you you blame him for basically the the collapse of the world

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economy do you really feel that the mess we're in today is due to Ben Bernan or do you feel it felt it started before Bernan well it started with the invent of of this monetary system by Paul warberg when when they came up with the central bank for the United States uh and but that was based on a model of the bank of England uh so uh this goes way back that was the beginning of of the problems that we've got borrowing currency into existence by enslaving Future Generations uh when the Federal Reserve

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buys a bill note or Bond they're buying cash flow from your future taxes so it's your future work hours that is backing the currency the Central Banking the way currency is borrowed into existence but if you go back to Ben beran's 2002 speech just uh you know do an internet search for deflation making sure it doesn't happen here and read that speech or better yet I gave a live presentation uh decoding this speech I think back in 2015 or 2016 because uh you know he uses this Central Bank uh language that has a

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lot of big words in it that are supposed to go over people's heads so they go wow that guy's really smart we better let him run things uh uh that speech laid out the road map for everything that has happened since 2008 it was all there written and available for anybody in 2002 that is what caused me to uh you know I that's what caused me to write my first book guide to investing in gold and silver uh but to research the economy so intensely and it's a shame that this is titled gold and silver

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because um uh people the the majority of the books that I sell are going to be sold when gold and silver are already in their blowoff top and what I'm trying to do I'm trying to educate people on economics and the a little bit of the history of uh money and currency the difference between money and currency the difference between price and value uh and uh it's really important animportant for people to learn as much as they can about the monetary system and the financial system before uh this

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next Crisis happens because everything that they've done all this currency creation it warps the economy it's taking wealth from one sector and giving it to another the economy gets warped and the bigger the warping uh when it snaps back to equilibrium the bigger the pain the more pain we're all going to have because of it and like I said there is avoiding it but yes it's Ben beran's fault what we have is the banki bust let me um let me say I I do agree I feel like yes you know gold and silver

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predominantly in the headline but the book is is so much more than than medals it really is um you know I feel that there's a lot of optimism in the book right you're not just trying to scare people you're actually trying to prepare people and say like look don't panic like you can you can prepare you can prepare for the crisis um and and it's just a really good overview of the monetary system um I want to get in a uh some some thoughts on Central Bank digital currencies you talk a lot about

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it in the book The Coming of cbdcs um H how how far away are we from that reality and your thoughts on Central Bank digital currencies