gold news

 the US dollar is failing and as that happens it's going to affect you directly this is all part of and another component of this economic breakdown that we've been leading you through talking through expecting before it got here and telling you what to do about it the whole way I have published comments about the US debt levels multiple decades ago I've been talking about this stuff forever this is just another component of it as the dollar Falls is going to have so many implications on you so many

things you should be doing and we going to talk about all of that in this video plus I'm going to tell you what happened the other day when I went into a strip mall in one of those wee bike gold places the 5th of November is going to be extra compelling this year remember remember the 5th of November the gunpowder treason and plot but before we get to the 5th of November we still got to make it through October which is one of the scariest months of the year it has some of the biggest stock market

crashes so look Lively Lads how many current CES are there in the entire world right now that are active and live think about your answer there's 180 currencies that are going on in the world right now there's being thousands over the years and every single fiat currency Fiat means by decree the kingin just say this piece of bark is worth one unit and then everybody goes and strips bark off the trees and Spins it for bread Fiat means by decree it's not based on anything the value of the dollar is just based on the

fact that the king said so and everybody just agrees on it that's why I always tell you the US Dollars just an idea that we all agree upon every single fiat currency has either eventually gone to zero in terms of purchasing power or it just hasn't yet but what we're seeing right now I wonder what if this is a big sea change in the way that people look at money there's not a lot of confidence anymore in a lot of different currencies especially the one that had the most confence it's the US dollar the entire

world is now saying wait a minute they're just totally misusing the dollar they're just spitting out more more of it we have in fact worldwide been aware of this since back in the days of Charles deal but we're going to be closer and closer to digital currency we're closer and closer to the new bricks currency closer and closer to the deterioration of the US dollar for the first time and it's a sea change everything is changing who knows how this is all going to play out but you have to be totally cognizant of

everything that's going on keep an eye on this stuff which is why you subscribe to the channel but you have to keep an eye on this ahead of time understand what it means and position yourself accordingly there's a time when pipes and fur coats were all the rage then there's a sea change and that's the same thing that's happening with a lot of currencies there's more and more talk among experts and authorities and economists that globally we need to have a currency that everyone agrees upon and

it's just everything the forces are all pushing people back to limited things such as gold gold is going to be the only currency that's trusted worldwide but speaking of all these Fiat currencies that existed and people would fight and kill each other and steal the currency so they could buy new fancy things a lot of these Fiat currencies are now in the graveyard and I want tell you about that in this article see graveyard a history of monetary Folly and brought to you by jinny Foundation US money supply money print

Is wealth theft here's where the gold standard was killed here's where the Federal Reserve was created you can see here after the big stock market crash 1929 US dollar actually strengthened a low of flight to safety there because everybody was in the middle of the depression which gave rise to World War II the average lifespan of a fiat currency is about 35 years and then he is goes on to show a bunch of currencies which were absolutely valuable until they were mishandled and misused exactly as Banana Republic do

which is exactly what America is doing America is basically a Banana Republic with a lot of military and anybody can get the Peter leads app it's at m.p leads.com m stands for mobile or Meade or Metallica or Motorhead or metal church but anybody can get it you get it free if you're subscriber to the newsletter there is a cost otherwise but it's basically all of our content from the newsletter sliced up and stuffed into your pocket on demand anytime you want to look at it when we talk about the US dollar failing

or the death of the dollar it's going to be displayed through this chart this is the dxy the dollar Index and as the US dollar fails it's going to be displayed or Illustrated through this chart but until recent times the US dollar has done very well it's been a lot of flight to safety a lot of gaslighting into believing that the economic strength actually exists they'll tell you that the stock market is so strong that the unemployment rate is is so low that that means it's a strong

economy but I look at things a little bit differently as I've told you before I look at things like the United States federal government budget September consumer confidence Falls the most in 3 years well it's about time and this one I really want to get to Gold's tremendous rally is making even long-term Bulls a bit nervous it's very important that we Circle back after I get through this article because I want to tell you about how gold is actually a manifestation or reflection of the value

of currency but first let's get into this article I really want to show you this this is from CNBC Gold's tremendous rally is making even long-term Bulls a bit nervous and I really wanted to go through this with you here are gold prices and I have to talk to you guys about the profits at the end of this video okay something I need you to understand save you some money here but here the rally appears to be a combination of buying from Global central banks and the Federal Reserve rate cut

and that is not correct it's always been Central Bank buying I've been telling you this from a long time ago they've been buying for so many years now and this is what's pushing gold prices up that's what they got the move moving the balance of the demand compared to the supply Bank of America says we going to H $3,000 an ounce in the next 12 to 18 months months however they warn the same note that gold might be tactically overbought they sound like man here despite the positive long-term Outlook

we highlight some risks today prices are 15% above the 200 day moving average but like I said you're going to be seeing all this kind of stuff people will start talking about $3,000 gold and then when it hits that they'll say $5,000 what's the point of these articles I don't understand he upgraded his forecast for gold but warn there might be a short-term pullback pick a lane okay good you're back now I want to tell you how gold is a manifestation a reflection of the currency think of it

this way okay here's 1 ounce of gold and there was a time when you could purchase this with $35 Us doll would buy 1 ounce of gold and then it came to the point where we started talking about gold and buying gold that's about $1,600 an ounce and it's climbed from there and has now got up to $2,600 it's going to go a lot higher of course you know I believe that I've believed that for a decade so gold itself never changed in value gold equals gold equals gold and what happened was the number of

dollars required to buy that same thing just increased because of the value of each of the the dollars was less because there's so many of them I encourage you to do that when somebody says WOW gold pric is really shot up or silver prices really shot up what you should think in your mind is gold is gold as gold gold as gold as gold the value of gold has not changed at all it's just the surrounding dollars required to buy them whatever currency it is it just takes more of it and every country on the

entire Earth has recently hit a new high in price in gold and their currency this is from Redfin news another aspect of the economic breakdown that we're going to be seeing is going to affect real estate this is from Bay Area home buyers stand to save thousands on monthly payments following mortgage rate decline but I want to call out half of all home listings have gone extra stale unsold after 60 days on the market these are the things they actually need to look at because they give you an early warning

indicator as opposed to just listening to Janet Yellen or Jerome Powell or a politician typical swing state renter earned 177% less than needed to afford a typical apartment that's just another sign of this economy and the direction it's heading in you can also watch the number of people who are homeless you can also watch the velocity of money now this is from Bureau of economic analysis the US International Investment position for the second quarter of 2024 and you know how I always tell you about leads

analysis what is the first thing I always say that when I'm looking into a company somebody says this company might be good or I find it and I look into it the first place I go the balance sheet the most recent quarterly balance sheet that's what you want to look at it's a snapshot of the position of the company at that moment when they did the report and you look at the assets compared to the liabilities what they own compared to what they owe first of all you get a glimpse of whether or not they're even

viable but when you look at it in terms of American citizens you can look at what they own and what they owe and then it comes out to a difference between the assets Financial assets and financial liabilities for us residents is negative $22.52 trillion which is not unlike your neighbor they have too much debt and not enough assets or your boss or your cousin or your best friend from high school everybody's got some financial problems right now and it is also evidenced by things like the lines of

the food banks now this is from the Press Gazette and just like I told you that when the economy is slowing down oil prices will come down and they came down pretty hard yesterday couple dollars a barrel there's too much oil and I'm telling you I've got to get to this video to the oil glut I'm getting to it I'm working on I'm working hard here it'll be out soon enough that's why you want to subscribe to the channel or you can look at Copper prices and even silver prices to a certain degree but

this is another way you can look at the US economy to see how it's slowing down this is a top 50 news websites in the United States and most of them have seen a traffic drop after a really strong July you can look at the top 10 sites month over month for August 2024 and a lot of these news sites are less visited and less in demand and that's related to what I have to talk to you about later if you're Peter lead subscriber you've been doing pretty well if you've been listening to me but hey I want to tell

you something there's a community tab on my peter leed's YouTube channel that I wrote something in and I don't normally do this but I wrote it and I think you guys need to hear it too it was written in response to someone's question but listen to this I literally today went to a weai gold place in a plaza just to get a bunch of quotes and he says he'll buy for 2600 he'll sell for 2680 which is much better than expected but keep in mind a lot of these places are a little bit more dishonest but that's actually

pretty good because the question was what do I do with this gold how do I sell it how do I get my money out it goes up in price I'm still just sitting there holding it but how do I get the value out and I said one of the things you could go to a gold dealer but even more likely when it's time to cash out everybody and their Grandma will be loving gold because it will be trading for five digits over $110,000 they will accept gold for a car or house or business or rental income property or artwork or whatever the US

inflation rate is falling you can see here is them pretty strongly I believe it will bounce inflation is destined to go a lot higher especially as they've already lowered rates more rate reductions are coming up and they've admitted that and they would have to do that whether they admit it or not all this monetary creation that we're about to experience will be pushing on inflation as the dollar dies in value that is inflation and we have a massive wave it'll be massive of all these US

dollars in foreign countries overseas everywhere being released and coming back home to roost when they get to our Shores there's going to be so much money chasing the same amount of goods that everything is going to cost you more input costs are more manufacturer price inflation will go higher which will mean that the prices on the products will be higher to make up for that and you're going to be paying that this is from Bank rate is the housing market going to crash what experts are saying mortgage

rates are finally ticking downward but at the same time home prices are reaching historic highs that's true economists predict that any Market correction may be modest and not on the scale of the Great Recession is that all economists or half or what experts do not expect the housing market crash due to low inventory strict lending standards and other factors I know economists that don't say that I know new economists has say the exact opposite of this but they didn't mention that in this article that's what you

have to keep in mind that every article you read is focused on whatever source of the article wanted you to focus on speaking of which let's take a look at total housing inventory oh my goodness it's increasing residential property prices this is a five-year chart and I'll do one better for you how about this case Chiller home price index month over month and year over year they're both trending down there's a question about when to sell the miners and that's what happens when stocks go up so much you're

starting start looking around when do I take my profit when do I cash out of this stuff and cash in on the gains I made here's what I need to tell you about [Music] that recession or depression will hurt silver prices very badly but historical precedents were based on a time when there was enough silver being produced even in a wve the price of sweaters will climb if there's more buying than production and what I wanted to say about the profits a lot you guys are making because I know you are because

you're telling me about it and that makes me feel so good and I know I make mistakes I've been wrong on bitcoin many times I've been wrong on a lot of stocks over the years but this is the game this is what we're playing here and you can't predict a landslide that takes out your entire investment but still I'm still burnt about Victoria gold anyway any my point being you have probably made some pretty good cash and I know a lot of you have is so important that right now you

be super careful I'll explain it in my response here that's when people make the biggest mistakes or let their guard down you're are going to make a fortune from these miners but always be cautious and careful to keep making money you literally just have to wait and do nothing that is hard because especially when people are sitting on gains they always try to start trading in and out of stocks and get more of the gains and get more it doesn't need to be difficult simply wait be patient what could be

easier do nothing and I got to give a shout out to Franco because he said being an Insider certainly does have its benefits thank you Franco and it does speaking of which everybody every single one of you should become a Peter lead's Insider it's 10 cents a day if you want want to pay the minimum and it helps keep us sponsorship free you get direct contact with me look at what Franco's saying it's worth it 10 cents a day and you got me that you can ask anything anytime whatever you want and Matthew

was asking what's better the physical metal or the metals Miners And I said exactly this it's like this pure precious metals there's no risk besides the fact that prices will increase and decrease because they are a commodity the metals miners on the companies so they have company risk which includes landslides like we saw with Victoria gold accidents bad management decisions Workforce strikes embezzlement Etc the miners will always increase by more than the commodity if gold goes up

25% the Peter Le's approved companies we talk about Will Rise by hundreds of percent but the point is with the company there's more risk but more potential award and check out this one by the way your gold mining stock recommendations over the past few years have made me a great deal of money and I thank you so does my wife and I told them you deserve the credit too because there's a lot of people out here chirping on YouTube that you could follow anybody but you were Discerning and decide who to trust who to follow

and the one thing you got to do if you do a little bit extra work just look behind the scenes the wizard of O moving all the levers most of these guys out here have absolutely no credentials maybe a self-published book at best but it stands the reason that a person who's been doing this for decades longer than these guys and has actual credentials such as published books live major media appearances that maybe there's something there maybe this is a guy you want to listen to I try my best

I do okay listen to what I said though that I believe this St will be a long-term 10 bagger patients will be needed but the profits will be EXT streem in my opinion so coming up we're going to talk about the oil glut and what it means plus one telling you all about these many nuclear reactors which stocks to get invested in or look into that are doing this building all these miniature smaller nuclear reactors I told you about that's why you want to subscribe and thank you about your great

encouragement and comments about the new format of the Peter leads newsletter it's a lot easier for me this way and I can get you more good opportunities more stocks to buy more information just by handling it the way I'm doing now so you guys seem to like it I love it and it's going to be the way we're going to do things and you definitely want to become a Peter leads Insider just go to Peter leads.com insiders and you and I will be connected for the rest of our lives