gold news

 hi I just wanted to tell you about gold Silver's 111 ounce silver giveaway where you can win win one one one one one ounce silver bar one 10 ounce silver bar and one 100 ounce silver bar so enter today and win is there big trouble in China is something about to break that could threaten the global economy you know gold has always been considered the canary in the coal mine when it comes to keeping a track on currencies it's the barometer that we use to show if something is potentially going wrong

but unlike the canary you know they would take canaries into the coal mines with them and if there was Lethal gas in there gas that could asphyxiate you or explode the canary would die they were they're very sensitive to it well unlike the canary gold comes to life when it's warning us that something bad is about to happen and this could be what's going on right now this chart here from Nick Laird of gold charts R Us shows the difference between what they're paying the gold price in on the

Shanghai exchange versus the international price which would be New York you know the comex and London Gold and the internet National price the New York price and the London price are almost exactly the same and you can see that this sort of bumps along at maybe a couple of you know it dips above and below zero but it's typically just a little bit above zero uh like you know a quarter of a percent and and then about a half percent uh here in 2017 through 19 that they were paying and what this

does is when this goes up a bunch of uh people will sell will uh buy gold in a cheaper place and sell it here so it this causes International flows of gold but for just the past couple of weeks it's shot as high as six percent and it's up above four percent right now is this telling us something well you know there have been stories like this around for quite a while but there have been more of them lately China's economic woes should warn all against Central planning uh China on the brink ji's new power

plot and single man crisis send economy into free fall China's economy could be collapsing and it means insane trouble now if you want to know what kind of trouble this could mean for the global economy and this is really big I suggest watching this video here it's only nine minutes long but you know it's time to come out from under your rock and face the music China is collapsing if that comes as a shock to you watch this video to get up to speed this is a very important video and it's

going to give you the the fundamentals this isn't data loaded it's it's just the fundamentals of the society and why it's on this Brink right now and so getting back to gold and these premiums you know I talked about how it's normally uh you know very low and then it spikes up once in a while but rarely and it's never you know this chart goes back to 2009. it's never been above four percent it gets up to maybe 3 3.75 percent once in a you know a couple of spikes and this is usually when there's

some really bad economic news somewhere this this is basically investors getting worried and they're really worried right now how worried let's zoom up on just 2023 and you can see that back in February and March what was going on well here we had the uh the banking crisis Silicon Valley and and uh First Republic and such uh this line here represents the spread between these two lines so uh that's this this height the going up to two percent means that in on the Shanghai exchange they were

paying two percent more for gold than the global spot price but there's been this big old Divergence lately and look at what has happened so the last few weeks in September here uh you know six percent uh four percent five percent you know it's this is saying that there could there's something that could be going really wrong right now now taking a look at Gold's price this is going all the way back this is the pretty much the entire bull market so this starts in at the beginning of 2002. uh but what you see

here there are some very very bullish technical patterns uh this one is considered like a cup and handle or uh it's turning into a pan and handle because this handle is getting long like some pot that you would put on the stove uh which is an extremely bullish sign and this covers many years so when the move happens it's going to be big we also have a triple top and what happens with the triple top is it the price will bump into it a couple times but the third the fourth time it uh Pierce is

right through and then that old support line of those tops becomes the resistance of the the this triple top that price with that is a resistance becomes support uh that's typically what would happen in some scenario like this but there's another really bullish thing happening and I hope that it plays out to give us a little bit more time to get prepared but what you see here in this triple top is also an inverse head and shoulders so you've got three of the most bullish patterns possible in this

setup for gold right along with these crises that are going to be coming at us pretty soon here uh now this is from my book it's from uh chapter um five I believe it's the end of chapter five and it shows how you know the U.S used to be the world's economic engine it still pretty much is but it's the U.S and China now and uh when the U.S would have a recession other countries would experience it within like six months to a year and because we stopped imported we weren't importing as much goods from them and so

their businesses aren't as productive and they then have a recession six months a year two years later uh and then and that was sort of the story all the way through this you can see we have a recession and then everybody else does uh but with uh the banking crisis of 2008 the financial Global financial crisis you can see how it became super synchronous and then with covid you can see how it became hypersynchronous now it doesn't matter which main economy has an a problem in the world when it does

the rest you know if if China sneezes we're going to I'm sorry this sounds like some other virus uh if China sneezes we're gonna catch the cold uh so this looks like it's setting up to be something really bad that you should protect yourself from this is China's M2 currency Supply and from 1996 until today it is up about 50 times now to give you a comparison the U.S currency supply is about five and a half times larger than it was in 1996. so China has been creating currency at a

rate that is about 10 times the rate of the U.S which is pretty much a Banana Republic at this point so watch that video from Peter Zion uh to see why the fundamentals underlying this potential collapse in the Chinese economy that could trigger the rest of the economies around the world to fall like dominoes and I want to leave you with this Ludwig von mazes said there is no means of avoiding the final collapse of a boom brought about by credit expansion the alternative is only whether the crisis

should come soon as a result of voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved is this going to happen I don't know expect people to rush into the dollar at first but then expect them to rush out of the dollar and into gold just like the smart world's central banks have been doing I want to thank you for watching protect yourself and good luck hi I just wanted to tell you about gold Silver's 111 ounce silver

giveaway where you can win win one one one one ounce silver bar one 10 ounce silver bar and one 100 ounce silver bar so enter today and win