this isn't necessarily the time to jump into the commotion I always tell you that most of the opportunity comes in times of chaos when there's blood in the streets but that doesn't mean that you jump into the blood on the streets it means that you pick your moments once it's played out there's a lot going on right now in every possible way economically militarily but first before we get into the heavy stuff I want to give you guys a special holiday message which I'll do at the end of this video


but right now in this video I'm going to try and make a case to tell you why I'm thinking about just stepping back and observing and watching and looking for my opportunities rather than try and jump on board some of these things that are going through the roof the time to buy cryptocurrencies the time to buy stocks the time to buy real estate in my opinion is not right now but I'm going to add a caveat to that that I've been wrong about a lot of this stuff I've expected this whole economic direction


to shift for a while I'm usually early I'm usually right I think that things are going to turn around and it'll come along with a recession but I have been proven wrong in so many ways in every level there's a lot of liquidity right now and there's only going to be more when there's a whole bunch of monetary creation by the Federal Reserve to help pay for all the stuff that we're spending that we can't afford most of the stuff is already purchased and now it's just a matter of whether or not


we're going to decide to pay for it luckily there's a trillion dollar coin met at of Platinum I'm sure that'll take care of everything we'll talk about gold and the presidential transition and Ronald Reagan but first we got to talk about some of the heavy military conflicts and things that are going on that are meaningful on the macro front South Korea you guys were heard has declared martial law which lasted about a number of hours before their Parliament overruled it but the


point is that you're looking at other countries South Korea is a massive economy and they are going through a little bit of tumult and Chaos or a lot of it that's just is a reflection of one place on the earth there's a lot of problems in Europe in Asia South America with Israel doing such a tremendous job fighting Hezbollah a lot of these Rebel groups in Syria that have been there fighting against the al-assad regime for such a long time in alley of China Russia Iran fighting to overthrow the


Syrian government that's going to be massive it involves turkey it involves Israel Iran Lebanon China Russia America this is how things balloon they will expand and it's not going to be pretty what can you do about it you can just be aware of it and then make the decisions you need to make whatever those are for you a lot of the conflicts in the Ukraine in the Middle East no one's sure how they're going to go after this presidential transition what does it mean if president president Trump had


said let Russia do whatever the hell they want and he wants to get out of NATO etc etc I don't have a horse in this race I'm just saying what does that all mean does this help deescalate things you'll have your own opinion or does it make things actually go the wrong way explode but we'll talk about all of that in just a minute but I want to get to some of the things I wanted to say about the gold prices and a lot of the Central Bank buying and selling Trends this is all from gold.org


and these are the current buying Trends I'll show you on screen here you can see that in Q3 casan sold 12.85 tons of gold whereas Poland bought 42.3 3 tons but you can see here is Q2 you'll notice some similar names here watch these names Poland India turkey it's about who's doing the buying not just that there is a lot of buying it's that certain countries are doing the buying and that might reveal something about their belief system or where they think things are going to go go back to q1


Turkey bought 30 tons China bought 27 tons India bought 18.5 tons do you know what we're talking tons here you might lose that or not pay attention to it because the number is a number but I'm talking about 18.5 tons of gold that India bought think about that but it's more helpful to go to the full year here's the full year for 2023 you'll see us bistan keeping an eye on all this buying and selling is great but also where are we now we're looking at the income statement I want to look at the balance


sheet so how much does everybody have these are gold reserves by country this is Q3 2024 that's the most recent and completed period of data and all you guys who have been around here for a while I'm sure you remember me talking about gold since way back in the day times when you talk about gold and everyone's saying but it's still the sitting at $1,600 it's not moving it's been there for a long time you're like yeah you're right gold won't go anywhere and for a long time subscribers


I talking about it you'll remember on that cruise ship I was talking about it on the streets of New York but we were talking about this for years now years and years and it was always about first and primarily about the Central Bank buying and then once gold prices started really moving recently they started to figure out what's going on they're saying oh there's Central Bank buying it's like yeah they noticed it now but I've been talking about it from the beginning where it's going to drive the


prices of gold higher and you'll notice if you're a subscriber to the Peter Leeds newsletter my personal portfolio is almost all gold and energy companies and silver and commodities and a lot of the stock picks for the Peter leads world famous newsletter are in the mining industry a lot of them focused on the Golden Triangle in Canada now is my favorite region specifically because some of these smaller miners that are there sitting on a treasure Trove these are some of the stocks we talk about the newsletter but listen to


this email that came in he's going to buy shares of those smaller Golden Triangle miners that we talked about in the Peter lead's newsletter he's going to buy shares of both of them for his children that I said right away I'm totally going to put that on the video that's a great idea what a great idea everybody should buy shares of these companies for their children and grandchildren grandchildren don't know how old they are they're just walking around and then they've got


their shares so they're not sitting there watching the pot boil they'll just one day turn around and say oh my goodness my entire education is paid for but since we started talking about gold how much gold prices have gone up it's nearly $1,000 and the fact that the mining companies are not trading at least four times their prices some of these companies is absolutely tremendously ridiculous in my opinion I'm not giving you personalized trading advice when something's this ridiculous this offside


in my opinion it's a gift why not put a few hundred in and take a few thousand out but in the overall markets I wanted to talk about I just think that that that aside Newmont mining Barra gold all the mining companies I'm a huge proponent of but to go back to what's going on with the economy I feel like everything is priced for Perfection stock market and you know people say okay if the stock market's going up to new record highs it's going up so strongly you say well then it must be


due for a fall that's not correct that's not at all why I'm saying this I've been saying this for a while the money or the new currency will be dumped upon all of us the Federal Reserve will create it and that will help pay for things like the trade deficit the operating imbalance operating deficit even the carrying costs of the national debt and I don't mean to smile I know I told you guys earlier I got a smile more I don't like it I hate it and you know also I hate I hate when people are like make


sure to subscribe to the video and share the video tell your friends like do our work for us like I can't stand it because everybody does it which makes me even more want to not do it but then it's kind of real like you have to and you can see in the analytics if you say please click the like button then more people click it it sucks so I'm blaming you for this but I believe the stock market is pressed for Perfection I also believe a lot of it as you know was driven by Trump getting elected there's


a misunderstanding of how this weak economy will do with a lot of these policies one word you could sum it up is inflation that's one thing that's going to happen in a massive way now we've got the holidays nobody's watching no one's keeping their eye on the ball you got the presidential transition coming up around the corner just after that and while everyone was watching that the entire world is falling into recession all around us now I have one thing I want to say about Ronald Reagan and it's


on my script here and I meant to get to this point in a different way and it would have made more sense but it's on the script so I'm just going to tell you I don't remember where it was supposed to fit in here was the way Donald Trump and what does that mean for military conflicts like in Gaza or in the Ukraine or in the South China Sea so Ronald Reagan and Gorbachev were at the height of the Cold War and they got off to a little bit of a bickering match and we not liking each other and fighting a


little bit right off the bat and it just started contentiously but Ronald Reagan stood up did a circle sat back down put out his hand and said hello I'm Ronald nice to meet you next thing you know the Berlin Wall is coming down a piece of witch is right behind me there and as promised my holiday message for you happy holidays no matter who you are what you celebrate what you believe in and what you don't I like to not have a horse in this race I got my own holidays but I think I think at this time the


holidays should be more of a time of reflection because I think that this entire world has fallen apart since the 80s no one knows that we're living off of debt because it's easy nobody's noticed this like I'm sorry is it just me looking around at this stuff it's pretty clearly obvious well anyway sorry that's not I messed up the message love you guys you're such great supporters and I work really hard for you you know know that and you can get in touch with me anytime you want and if you want


enhanced contact with me become a Peter Leeds Insider Peter leads.com insiders that way you also get a special letter that I write that's exclusively for Peter leads insiders and last thing I'll say to you a great gift in case you forgot anybody you want to buy it for yourself is a Peter lead subscription and you can get started today for 55 cents a day something like that I forget how little it was and that way you'll get to see my personal portfolio every trade I make you'll get stock picks with full


writeups full analysis each week other special benefits and articles sorry for the sales pitch I got to pay some bills