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 all of that gold coming into the United States is from the bank of England they are getting cleaned out there's gold in the Bank of England for all these different countries those countries should all be worried about their gold hi Allan's got an update on gold flows and the progression of this bull market Allan how are you doing I'm great Mike thanks how are you real good so uh let's get into this show us the uh first frames that you've got here yeah absolutely so gold is over $3,000 an

ounce it's decisively through that barrier and people keep asking me what is going on in the gold market so I thought I'd put together a few simple charts to show people exactly what's happening first we have gold ETF flows and uh well actually why don't I let you see tell the audience what you see in this chart and then I'll go after you Mike well I see something amazing so the yellow area is North American ETFs blue is Europe green is Asia one uh look at how small Asia was back in 2023 and how

much bigger they are getting now each one of their candles is is huge so there's gold inflows into their ETFs but look at North America so blue is Europe yellow is North America the North American Candle from last month is bigger than the combined it's bigger than the world was buying before and so you know one of the things that people need to remember in this Gold Rush that is happening now you know the book The Great gold and silver Rush of the 21st century I point this out and I've

pointed out for years and years and years in the last great bull market for precious metals in the 70s it was illegal for Chinese to own gold there there was no input from them and the same thing went for the USSR there were no markets now there's exchanges in all of these places and gold is traded and and nobody had any you know I remember going to Mexico with my father when I was a kid we all got in the car and we drove through the Tijana border and we drove down Baja a little bit and I had

never seen uh true poverty before that was my first time I was like eight or something like that I was just maybe six I just couldn't believe it I do remember somebody had taken like an empty refrigerator box and slapped tar on it and that was their house the the rest of the world they didn't have any extra cash to invest in gold they were worried about what they were going to eat the next day and so that was their existence and so for the the and now there's billionaires in all of these countries

but the thing is that Asia that bar wouldn't have existed here it would have just been North America and Europe only and when you think of the number of people that are now buying gold in China and you look at the gold price in Chinese Yuan gold is in a big bull market there you know the dollar made gains against the uan while gold was going up measured in dollars and so this the size of that last candle is just immense the fact that the Asian ETFs are getting on board with these gold inflows

that is you know this is so there's purchases and sales going on at the same time but right now it's mostly purchases and it's happening on a scale this only goes back to March of 23 but it's happening on a scale that uh has not happened since 23 and I doubt that it has happened if you go if you could take this back another decade or two I mean a lot of like the Asian ETFs didn't exist back then so this is ETF flows only and the net flows so that's what I see in this chart is this is very

exciting and extremely bullish it shows that there is a sudden Rush happening I mean look at the size the yellow part of the last candle look at the size of the yellow parts of the other candles uh this is twice as big as any POS more than twice as big as any positive candle this is exciting Lobo t uh great guy lives here in Puerto Rico uh we've been to dinner several times I'm glad he posted this chart yes thank you Lobo and thank you Mike um the one thing I'll say about this is that in any given month

you can see candles on the top and bottom of the zero line which means some of these regions have net inflows and some have net outflows and so the gold sort of you could think of it as moving back moving around from hand to hand around the world but now we're in a situation where every region in the world is having net inflows so they're all trying to gobble up the gold and there isn't enough to go around so this is a this is a huge shift in market dynamics good point there's there's

simply way more demand now from everywhere yeah so our next one here oh by the way um on the last chart we were looking at like net inflows of maybe three or four million ounces if you look at the height of this bar here it's about 3 million ounces so put that in perspective we're now going to be talking about metric let that last chart microsc I yeah so these are UK gold exports so the UK is exporting its gold and you can see two giant sticks here into the Switzerland and the US so Mike

how do you interpret this this giant gold flow well it's interesting the only reason that Swiss import gold or you know the UK is exporting it to Switzerland is to refine it This Is Not Gold headed to Switzerland this is all gold that is headed somewhere else but it's going to go through a Swiss Refinery first first the US has taken about is that 87 tons rounded yes 87 tons of the UK's gold so this is the uh lbma being cleaned out they're exporting to us gold bars that you know and this

sort of goes along with a video that I made in that video the Commodities exchange had just ended contracts for 1 kilo bars in London and so what they're doing is they're getting rid of there there were four different uh um trading vehicles that they've stopped using they're not going to have these the only thing that you can do now is settle open contracts and once they're all settled that type of contract is gone and what they have been they've had a squeeze on kilo bars especially and so what's

happening here is all of that Swiss gold it's it's being exported from UK to Switzerland and then it gets refined and it's going to go into the US so some of England's gold went directly to us but that those are only eligible products that can go on the comx anything that is a a 1 oce bar a 10 ounce bar a bar from a Refinery that is not recognized by the comx all of the different odds and ends that goes to Switzerland so that's that that tallest bar is all of the bars that do not fit the comx registered gold

category so let's move on to his next chart yeah this is Swiss gold exports so once Switzerland has all that gold where do they send it the United States look at this yes and you can you can see here that that's a lot more than about what half of that or it's about half so about half is that last bar that was sent to us the 87 million ounces that's yeah a little less than half and then the rest is made up from the gold that uh the UK sent to Switzerland so that all of that gold coming into the United States is

from the bank of England they are getting cleaned out and I can't remember who it was uh that said it but basically there's gold in the Bank of England for all these different countries uh sitting in the you know Central Bank gold those countries should all be worried about their gold don't call it a bank run or do right it is International Bank Run that's happening right now it is it is on the central banks okay yeah what's next well I just wanted to show an updated uh price here this is Yahoo finance so this

is this is April gold so it's looking a month out um but we're over we're over 3050 an ounce I mean this this is substantial so we're we're moving quickly so this you know if I had said gold was going to $33,000 and I said it was going to $6,000 an ounce in my first book roughly there were three different ways of analyzing gold that all landed right around the same price uh and so and they were all right around $6,000 and when you say it's like somebody in 1971 at the end of the Breton Woods

agreement if they had predicted that gold could go to $100 they would have been tied up hauled away and put in a rubber room uh people just did not believe it and so it exceeds everybody's expectations during those times when the public comes rushing in and right now uh We've Got the Whole World starting to wake up and realize that uh these fiat currency systems this is just idiotic and immoral the inflation that they cause is is just Flatout theft it's it's robbing the masses to be able to give

that purchasing power to just a few people and so I do believe that we are coming you know who knows how long it'll take uh maybe it's going to be at the Advent of AI of super intelligence that we are put on a new way of transmitting purchasing power of making exchanges and a new monetary system but I do know that out of all the different monetary systems devised gold was the least stupid yeah can't argue with that yeah so this uh this 3,000 we're seeing the the Fiat system fall apart

little by little day by day yeah the dollar being instead of being worth uh 135th of an ounce 1 3,000 55th of an hour yeah and less and less every day yeah and uh James Turk reminds us uh don't focus on Gold's 3,000 handle look Instead at uptrend length the uh the previous uptrend was 113 weeks so far our current uptrend is only 57 weeks so yeah we're just looking at the erosion of the purchasing power so what he's talking about is this green line here you can see how long this uptrend was it was 113 bars the current

one we're in only 57 bars so he's implying that there's a long way to go if the current uptrend mirrors the previous one yeah that means it's not over with yet and uh I I still believe that this is just one of the phases it'll go up there will be another Plateau somewhere where they sort of get a handle on things and then there will be more bad news and it'll continue going up and I think $5,000 now is a ridiculously low price for gold still you know James Turk is sort of a friend and he's a really nice

guy uh I interviewed him for hidden secrets of money I used to uh call him once in a while at his house he he is one of the people that is sort of responsible for getting me into this I used to attend the Cambridge House gold conference up in Vancouver Canada and he was a speaker and he and David Morgan were presenting charts and they were presenting monetary history as well and I was just fascinated by it and I decided back then when I was watching James Turk and Dave Morgan that I wanted to get into this industry and make make

this my life and I wanted to be on stage speaking to people but I did not want to speak to a group of gold bugs which you know Cambridge House gold show back in 2003 or something like that that would have been just all strictly gold bugs uh I wanted to speak to a new audience and I made a an alliance with Robert kosaki and wrot Rich dad's Guide to Investing in Gold and Silver and I spoke to Real Estate Investors and some the audience I spoke to quite a few audiences that were 10,000 a couple that were 15 and

one that was 30,000 people in the audience so I made an alliance with the real estate Guru of all real estate gurus at the very height of the real estate bubble and that's what launched goldsilver.com I love it well I'm glad you did and I'm glad uh you met James so thank you James thank you Mike and thank you James great stuff great reminder to all of us that uh it ain't over till it's over I want to thank everybody for watching thank you Allan thank you Mike