gold news

 [Music] I'm Charlotte McLoud with investing news.com and here today with me is Ion blasik president and CEO of BMG group thank you so much for being here great to have you once again it is my pleasure I'm glad to be here really good to yeah really good to be catching up with you yes and things are happening all over the place almost every day so it's yeah things are happening so quickly yeah I was thinking back to our last conversation all the way back in November but so much has changed we were

speaking right on Election Day in the US so we didn't even know at that time who was going to win the election but I was remembering you told us whoever won the presidency was gonna have to get to work right away and the first few weeks were going to be really important so now of course we know we have Trump in power in the US again so how would you rate how he's done over these first few weeks actually it's actually amazing uh president Trump has shocked the world has shocked the world with his energy

with his speed of change and keeping the election promises as a priority the strength of change has been astonishing the strength and and the timing uh of course from my perspective in terms of precious medals or gold it creates somewhat insecurity all over the world which is good for us so but looking at a sort of a bigger picture what is happening all those changes this is like throwing a lot of balls you know in the air so you don't know which is the really the one that he wants to catch so

that's how I look at it uh number of changes I uh once I was you know in shock listening to some of the statistics some of the new um discoveries uh for example under Doge the SEC Social Security I guess fraud or or or or errors apparently what there is a um uh 18 million people in on Social Security database they're over 100 years old in us so obviously somebody's getting money H this is a some they are receiving Social Security and there's even one person 300 years old I I understood and of course in the face of

a 36 trillion debt it is very important to make sure to clean up the system that hasn't been touched for a long time but on the international global scale there's a lot of changes uh it seems like there is a um a nule storm going everywhere and uh um of course the priorities are are are follow the money I still do believe that if you really want to understand what is happening uh geopolitically and how it influenced the the the the sort of the financial system that's where it's at so domestic issues

in the United States are very complicated they are very complex the country is divided it has been divided for a very long time uh that is not a remedy that you can solve in one day uh as much as as a um change has is needed a lot of people agree they don't necessarily agree with the details or particular aspects of the change but it is a uh we are witnessing history because those changes that are being a um implemented so fast and so drastically are are um going to have a Las lasting impact on a current

conflicts on future conflicts and perhaps a most more divisive but at the same time people have hope now it's a positive a wave of of of saying wow we have will have a a good impact positive p on energy on taxes there was even a talk about eliminating income tax and try to uh generate revenue from energy and from uh tffs um so all those things are are are very interesting and they'll be changing and they will be driving price of gold up I don't know if if um many people agreed with me last year but I was

predicting the price of gold $3,000 and I'm very close I'm almost close by $50 or or or or more it fluctuates a bit like always but I do believe it's going to be $3,000 per us and I also believe it's going to be even more a year from now considering the fact that one of the most important factors is what central banks are doing central banks are accumulating buying gold and it's a uh huge indicator where the prices will go uh so last time also everyone was shocked at the first I guess initial

stages um after inauguration uh there was about talk about Greenland about Canada about Panama and I was think yes this is interesting but it is not really a possible changes Greenland wonderful place with lots of resources gold mines uh with the warming uh of of the of the climate there it's easier exploration Greenland only receives about 500 million euros from Denmark anyone that has a big purse could buy it but what they have is a very strict environmental um loss so that will be complicated but from that that's a

possibility Panama absolutely not um China only manages the the the traffic that can be negotiated Canada I don't think think it's possible uh however it's very emotional topic and everybody is is is is speaking about this so I'm thinking what is behind it is that really kind of a where we should look at or we should just say okay this is a very interesting but that's not what is happening now what is sadly emerged is that tariffs the tariffs are really I think still a negotiating tactic because some

of them just to even reprogram the whole system for having a change in tariffs is not something that you could do overnight as we are speaking right now I do believe President of Mexico is has spoken at that they are very close to make a deal with President Trump and to avoid the probably this week to avoid the tariffs and to put a resources behind the and security on the border and all those things that Trump is uh um requesting from Mexico Canada I don't know uh Canada is is pushing back but uh I

haven't heard anything as positive as what Mexico has announced today that they are going to to have a positive deal and they will avoid the tariffs now the tariffs is it's a it's a um thread more of a negotiating tactic than trade policy because for tariffs to become a trade policy is much more complicated um uh dropping the the the the flow of drugs or migrants across the borders from both can in Mexico of course is in our interest but uh um how fast that can be done and and can we avoid the the the tariffs now the

tariffs are usually as you know heard the country that is imposing the tariffs unless in retaliation the other countri is posing tariffs as well and uh I heard some reversals us basically want to have a reciprocal kind of tariffs mostly in with Europe because there are very few car sales for example in Europe and here everyone is buying Mercedes in BMW so so just it's it's again a very interesting but still I think there is something more to that I think that that that uh the actual Financial systems are being a

uh impacted by bricks countries and they're having impacted for quite a while it's a very formidable Alliance uh basically surrounding as you know North America they have developed institutional capacity including development of the bank launched in 2014 and 15 by both China and us to conduct their trades but what's most dangerous is the fact that to the current Financial system is that they uh wish or they hope or they planning to have a currency banked by gold physical gold and we know now that some of their

members some smaller countries they actually doing that the local currency is bed by physical gold which has a huge impact on our financial system so how you counteract that by new developments and one of them is going to be a piece in in in and and a peace Accord uh in on the in the Eastern Europe and and because that will prompt uh all sorts of rebuilding and a flow of money and making money for United States for allies for people that are involved so in their interest is not to proliferate any more a war where

everyone is dying and is not to be won by anybody there'll be no winners the only um uh Devastation but every time there's Devastation there's time to rebuild and that's billions of dollars the other thing is is the natural resources the the the deals that are being made in agreements on on having a repayment of the of the money that was given or or or lended to Ukraine for the for their for abolition for for the world effort uh that will also have a huge impact because actually right now

the countries that will invest in rebuilding that area will actually be a able to to to have a uh very vital flow of natural resources and also secure the money that otherwise would would vanish somewhere so so that's that's what is happening the other thing in Middle East what is happening is very very interesting and I know there a lot of um uh Panic chaos different Divergent opinions on what is happening in Palestine and Israel but again the the issues that they are so long standing there is no real solution really and and

the peace always is very fragile because there is an ideological divide there is a a animosity or or or hate and anger ingrain for generations for such a long time you cannot erase it so even if you build artificial peace it will never happen so they have to find another way and a lot of very smart people are working on it right now so that is a very kind of interesting now the other thing as you know uh the movement of gold from London from England to to us that was really very interesting because

a uh a lot of people or was a lot of a theories and and and and ideas why this happening suddenly and it's very very simple the US JP Morgan that two Banks actually mostly involved in JP Morgan and HSB the Bank Hong Kong Shanghai Bank are shifting their gold bars from London to New York to protect themselves against the price Fall by selling gold Futures in New York the banks found a solution to turn their losses into profits by moving the physical gold from London to New York uh and and buying

back the Futures contracts that were at loss so instead of buying those future cont contracts they actually will turn this to a profit and and and and use the difference in price uh of gold in London and and viav New York which is much higher so the um the precious metals um uh there's no conspiracy there is no you know Panic the there be a war in in in Europe nothing like this that I've been hearing is basically a very smart move on on on on on and uh by the those by the Banks to turn their losses into profits by

moving just moving the physical gold and that's for me it's it's a brilliant move so there is no no issue there uh the other thing is a um I think that is very very important that is that is happening right now is is is the different a um discoveries of of waste and and and and and mismanagement of government resources in United States and one of them is the um proposal of auditing Ford Knox and this again is a very fertile ground for for lots of theories and and not kind of a reality

but when you really think about that the fort no bullo depository was what established in 1936 and U no one ever really was there no was never audit done the the the only one person that was there was President Rosevelt um uh he was there I think in 19 34 or 36 and in in the 30s but and the last time he visited was 1943 but there was no really audit he just inspected the facility so a lot of as you know theories where there is not much gold there that gold disappear but you know when you think about that if

this is your National Treasure kind of Hub you will keep it confidential and secret and everything else so that's normal however you know was the audit done or not done we don't really know apparently not nothing was done so we don't know if there is actually um 147 million ounces of gold there or not regardless uh if the gold is there uh fine if it's not there uh you know that's another story to to to they will have a positive impact on the prices of gold but really the impact is the global

global kind of a um um geopolitical and and and I think Financial economic pressures and economic pressures to actually stop sending a good money after bad money let's stop right now let's rebuild let's find a solution to territorial claims and and conflicts as you know there was a territorial claim between Venezuela and and and and other countries uh many of them you know uh have those conflicts for years and years but they don't have to necessarily result in armed conflict or or or a war um so they

have to be resolved somehow uh historically as you know everyone has a different perspective of you know what is right what is wrong but at the end of the day what people need to do look what is the the quality of life that we have how do you secure your prosperity and prosperity does not mean you know having a chat in south of France Prosperity means that you can actually have a nice house you can raise your family you can afford buying groceries you can send your children to college you you don't

have to worry about about paying a exorb prices for uh everyday items that's that's kind of prosperity that everyone wants uh everyone wants safety as well and um as much as as um um we have been in inundated with all sorts of negative news that that anxiety in a society prompts a uh a lot of a um um divisive reactions so for me I think the gold is not only a money and has been for 5,000 years a store value for over 5,000 years almost 6,000 years universally recognized but also it is a major asset

of central banks that they are our really Guardians and creators of the financial systems so so this is a um it has a very good impact the only thing I would say that most people don't have the exposure to Gold except in most people do not buy gold coins that they can they have a monetary value in the time of Crisis or even in the time of a um um correction in the marketplace where where a fiat currency can devaluate to look at what happened to Canadian dollar how low it is is really amazing

you know uh when you convert uh uh so people that travel uh to you know to us or or or anywhere else that they want to use US dollar living in Canada being in Canada is a huge hit for us and how do but imagine if you had gold instead of money in a bank in Canadian dollars you will actually have a win-win situation so that's that's basically uh you know I think right now everyone should have a focus of how they can in their end in a micro way uh to live in this changing world the world is going

to be I think we are witnessing a revolution or maybe there's a Evolution because after there is a new system that takes on and and the question is will that take his life of its own do we can we really impact the the not only the prices of gold can we actually impact the relationship between you know internally in each country there are many of them emplo conflicts and also internationally uh you can see from a uh just recent developments how um politicians how often they change their position how they support each other or

against each other but then you have to move it what is the impact when you follow the money what is actually happening how does one protect themselves the debt that United States has is not sustainable the cost of conflicts the cost of being spread around the world is not sustainable and we can learn it from the Roman Empire when Roman Empire fell down the same thing over stretching but at the same time in the interest of the country you need to have your your your your fingers in all different places but

to what degree and is it is it is it manageable uh so that's something is a huge challenge that that will be witnessed think um Canada I don't think we have anything to worry about except maybe the tariffs because I'm not too sure how we are going to negotiate that in such a short period of time uh if the tars occur how long will they be in a actually because that may be just a part of the of of another some sort of political maneuvering from negotiations what is really from Canada beside the border security that us would

want that's a question um we can do the border security we can you know stop something as much as Mexico can uh Mexico has oil we have incredible natural resources we are you know um um very very a uh good neighbors to have and to trade with and to have an alliance political and and economic Alliance which was evident with NAFTA I don't know if you remember the protest against NAFTA everyone was against it we thought we lose the jobs cies there will be Calamity all over and it wasn't and now

is an opposite everybody wants to have that kind of cooperation with no tariffs so so um all those variables are very interesting I think we are going to see some a um consequences or results probably next few months as CH things will be changing rapidly um uh this apparently already a peace agreement drafted and has being worked on between U um between Russia and and and uh uh uh with help of United States between Russia and Ukraine uh what will happen there is you know um we can we can speculate in all different

ways at the end of the day the the war is going to be over there be still people fighting because it's the ideological War people on uh so that the rebuilding will occur massive investments in infrastructure massive investment in in securing the natural resources in that area um how the European countries will play I'm not too sure Europe is beautiful I love Europe uh but unfortunately there's nothing in terms of resources beautiful architecture culture Europe is very dependent on on on on on

other things so so the the having the alliance and good relationship with United States is pivotal having a good relationship within themselves and having an efficient effective governments is very important um now there is a huge I think trend of going towards the con conservative a uh side of the spectrum for many many reasons and again there are mostly economic reasons and economic reasons become political reasons political reasons become cultural reasons and and there's a kind of cascading a um effect of all those

things so I think if we just focus that perhaps the best uh Prosperity the best way to to to to look at the world is through peace and and and and the financial stability uh that's ideal uh that may be just ideal but if we have a goal to reach then just going there is a positive move and I think I think a lot of people are going to um probably understand and appreciate that with the with the world uh um the way the world is shrinking and and changing uh with the communication information available where everybody has an opinion

it will create two things it will create cohesiveness and or chaos because everyone will have a different perspective not everyone does the research like I do or you do yourself not everyone is knows all the parties what they're saying for example you know what I love doing I love listening to for example political speeches or or or or different and they make my own opinion many people don't they look for someone to interpret it and if that person is on a certain political Spectrum that's the information that

that person will receive so it is a um um uh very very different world uh I think that um uh uh the conflicts will be resolved I think the tariffs will be temporary there be other deals made even if they are um uh imposed um when you think about that the the countries that are imposing tariffs their own uh people their own uh countrymen are going to be very unhappy and those governments will being in Jeopardy they may lose power so they have to be very careful um the Tit for Tat um tariffs are not a good idea they are not popular

and they are not well received and the cost is passed on to the consumers and again that will create huge amount of insecurity financial and otherwise hence gold is going to go up as you know my predecessor Nick barev was predicted he wrote the book 10,000 o of gold I heard people being very brave say it's going to be even 100,000 I don't know it may all I all I know right now it's 3,000 is is it's it's in it will fluctuate and people should not be afraid of fluctuations it will go up and down but

at the end of the day on a kind of a long during the long longer period of time gold is was last year the best performing asset when you think about it gold few years ago is $1,000 us an ounce for around 1,000 now is almost 3,000 imagine the incredible uh returns that someone would have we have for example in a um a a party that invested a um1 million and not $23 million now they have 55 that's 111% return and and that was on Mutual fast that's not even so there is a uh of course the more you invest the better

returns you have but even on an individual even one ounce if one ounce goes up $2,000 that's amazing even if people have few coins for their children it's it's still you know amazing but but also I think I think beside the fact that gold is going to be a um a Cornerstone of financial systems in the future uh silver also has incredible a uh appeal and silver is kind of a lady in waiting uh but it has incredible industrial applications as you know and um any kind of a um um drastic dramatic

increase in price of gold is going going to have a silver tracking behind there are even analysts that predict that silver will have a more of value than than gold the only thing is gold is really money silver was money too and there a but gold is is the money that that is the currency of central banks is their Hub is their treasure chest and and that's that cannot be I that has to be appreciated that that's the main reason um uh not withstanding all other reason what that affects the fluctuations of

gold that the gold has its value and maintain its value and it will maintain its value this was such a a good overview of all the topics we should be watching close to home as well as further away and and the whole geopolitical situation that's unfolding and of course why we should have gold and silver so thank you so much for for laying it out in such a clear way I think we we really went through all the topics that I wanted to get your thoughts on but I don't want to let you go quite quite yet so if if you had to

leave investors with with one thought to sum everything up what what would you say I would tell investors that to basically ensure that you have a exposure to Gold through mutual funds like we have that backed by 100% by gold or by silver the something that I like personally very much is is a maple leaves gold Maple Leaves H they not only that they are very liquid because each of them is one ounce uh they have also face value that we as our company don't charge for we have no premiums we just charge the transaction

fee so so the price will be the B the price of the booon not the the monetary value or the plus also it's it's a legal tender so it's it's it's a very very good uh something to have something to have a if not for a security for numismatic Value uh it's it's a beautiful beautiful uh coin and it's also a great investment but what I would like to tell the the the investors out there is don't uh stick to the current or the or the old perspective on investing those things are are changing

um I've been hearing from people that for example some of the Pension funds are running in a deficit because the the the traditional forms of Investments are going through continuous Corrections and they don't need the same results that they did before or the returns so uh one of my my my I think I think advice for the institutions that or for Pension funds invest in gold and yes you can invest also in Mining stock if you wish but the gold physical gold is it's is the most solid the most secure store of value and

protect not only H against inflation but also it is a amazing can provide you and we have evidence to this amazing returns and that's what I would U suggest for for for your listeners to to to to think about H also the people are just just one thing about about about physical gold what people are concerned with is the premiums because you go anywhere to the post office or somewhere The Unbelievable prices well we don't have those prices because we don't we don't we don't live on premiums we don't do

that but a lot of people are discouraged by that because we see the oun of gold is is in the news let's say 2900 but and that's us I'm speaking US dollars but then they go and they they see huge premium so you have to find places like our company where you can buy something that is that is a very close to to pretty much at spot price we pay something to the suppliers which is you know like whether it is a Refinery or or some other supplier but we don't have the premiums uh and our as I mentioned

before the transaction fees are very very low so so um but it has to people don't know where to even go they don't know where to buy they don't know um you know what to ask we actually running a seminars for financial advisors to teach them so they can make their own decision teach them about investing in precious metals and particularly what our company has to offer because I think we have an amazing product we have two lines we have a mutual funds three of them one 100% backed by gold one backed by silver

and another one it's right metal one3 of platinum gold and silver and then we have also physical where people can buy coins bars Wafers whatever they like and they can keep them they can bury them in the backyard or they can store them with Brinks and it's very easy to sell when they're storing them because just one one phone call to us so so and and and storage is very inexpensive very reasonable so there are many Alternatives but I don't think that knowledge is out there because the

center towards gold just changed about a year ago where people start saying oh my goodness you know look what's happening with the financial system my investments my bills my the cost of living so they start thinking or appreciating gold but they have not yet bridged that they yes I should buy gold myself also something else I heard people say how can I buy gold you know it's right now $2,900 an ounce I should have bought it years ago do you know years ago I remember when it was $1,000 or just 11 or something and

someone said to me you know you when will go down to 800 or 1,000 I will buy and later on when we went to 2600 they were buying because they realized that's not the end of the road so so this is the kind of thinking that is a part of Education part of understanding but also understanding what is happening in the world um it is what is happening in the world is massive change Paradigm Shift like we never seen before for many many reasons and it's not only the the presidential change in United States is

the basically the wave of change that is going through every nation through every country on the financial on political on cultural way we are a um and also the advancement of technology and communication and media provides people with a lot of tools to understand it is it is that's one way to Summit of it's a very interesting world and I do think that educational aspect is so important and I can tell you're you're doing a lot of work to encourage that so thank you so much for for spending the

time here today to go through all of these different events it would be great to have you back soon so we can continue the conversation absolutely and things are changing every day every week so we have some more to discuss probably I agree well yeah for sure I'll let you go for now once again I'm I'm Charlotte McLoud with investing news.com and this is Ivon blashek with BMG group thank you for watching if you like this video make sure you hit the like button and subscribe to our Channel we'd also

love to hear your thoughts so leave us a comment below [Music]