gold news

 uh Trump and Xihinping are this is this is incredibly dangerous what they are doing and if they don't come to terms very soon the world could have a gigantic problem we know this playbook we've had tariffs before the Smoot Holly tariffs and I believe that was 1932 then in 1933 we nationalized gold and in 1935 gold went from $2067 to 35 so the dollar uh was devalued from 12th of an ounce of gold to 135th of an ounce of gold. Well, this time we're going to be doing the same playbook. So, we know what that playbook

caused before. It caused the Great Depression. Uh we're going to be going from uh 142nd of an ounce of gold to 15,000 110,000 112,000th of an ounce of gold. So, it's a much much larger devaluation. At the same time probably going back to some uh monetary system that uh isn't where it exchange rates become fixed again where um international uh yeah so there we are that spike at the end that is one of the rare moments in history where you have the ability to buy silver this undervalued compared to gold. Yeah.

So there's um well you know what when when we click on this longer term so what what's the peak there is that 120 that's 122 and that's back in March of 2020. So the COVID shock the the ratio hit 122. Yeah. And that was basically silver falling uh uh much further than gold fell. So uh silver fell down to like 11 bucks or something then. um and uh and I uh added about a third to my position during that fall. And so I've done very well on those purchases. But even at these prices, uh I still think there is a long

way to run and I am probably going to be, you know, I may for the very first time sell some gold and buy silver. That might be a very good idea. Yeah. So, going back to that question we had a second ago of could the gold silver ratio hit 150 or 200. Of course, we don't know. But if you look how fast that it shot up to its all-time high of 122 just a week prior it was under 100. In a week it shot up to 122. So, you know, if there is some other shock like a COVID shock that either causes the price of silver to go down or all of the

sudden gold gets revalued overnight or something like that, um, you know, this ratio could spike and jump very very quickly to like 150. Um, you know, no guarantees obviously. We have no idea, but it's certainly possible. Yeah. So, how do we get the message out to the general public? because I the the one thing I wrote I think at the end of um my first book is I don't want to see all of the big whales win uh and and end up with all of the cookies. The whole mission of golds.com was to try and save

the middle class. I didn't care about getting the whales nearly as much as uh getting the small investor and protecting them uh in times like this. And you know the book came out just before the crisis of '08. And the people that followed that over the next uh two years uh real estate fell by half and gold uh uh by 2011 had pretty much tripled from its bottom. And so that means that if you had sold when when the book came out, if you had sold a home and bought uh uh gold, you could have

then uh sold that gold in 2011 and bought real estate and ended up with six times more houses. So you're talking about a gain in absolute wealth of a of a factor of six. Uh quite amazing, actually. And it's just numbers. They're not my numbers. They're just numbers that are out there. That's right. Yeah. We have another question from Slingshot 2004. Do you believe the new monetary system will be crypto-based or some kind of paperless money? What are your thoughts, Mike? Well, like I said earlier in this

program, you could take America's gold supply, which is our gold, not the treasuries or the Federal Reserves. It's the people's. Yeah. And if you're backing Federal Reserve notes, basically you you could I mean it is a CBDC at that point which I don't like the idea of but you could give every nanogram a serial number and uh and gold can be the world monetary system again and the US has the most of it of any country. Um and so uh you know it's possible to do these things. What would happen with the shock

of a transition so dramatic? I have no idea. Uh but you know, we have the range of possibilities. Is uh a nasty dip and then great prosperity on the other side and then uh uh a global depression or even a modern dark ages? I mean, it is an enormous range of possibilities. I know. I don't know. If Trump is successful, it'll be good, but he has to be successful very soon. He can't keep everybody in limbo like this. This is uh got to be crushing uh global GDP. Put people are putting off expenditures.

Businesses are not uh making moves that they were planning on. They're shelving uh ideas, products, imports, exports. Everybody is holding their breath to wait and see how this uh plays out. And so uh Trump and Xihinping are this is this is incredibly dangerous what they are doing and if they don't come to terms very soon the world could have a gigantic problem but for the gold investor and the silver investor I believe that they are more protected than everybody else and you know through

life you can only do the best that you can that's it and so this is and we don't know what's coming our way but this for me this is the best that I can is, you know, I've been getting ready for this. My first gold purchase was October of 22, and I've just been buying all the way up, writing about what I saw coming. Uh, and um, this the Mara Lago accords. I didn't call it that in my book, but uh um it's it's in there that this and I've been in 2009 I started reporting on

something that I called the end of the global dollar standard and we're very close now. There's going to be some monetary shift and it won't be the same global dollar standard that we have currently and it isn't it isn't going try the current administration will get blamed uh for whatever chaos we go into. Uh but it is actually the energy that is somebody sometime has to stop the insanity and just take all of the pain that's built up and Trump doesn't have anything to lose uh uh you know other

than his reputation. This is his final term and so uh he can't run again. So if they blame everything on him, that's just the way it goes. Uh but it is the responsibility of every president from from President Nixon through to today. actually going back even further and the the responsibility of everybody uh at the Federal Reserve since 1914 when they opened their doors for