So many people are about to get blindsided. [music] This big massive once in a lifetime transition is based on the dollarization, flight to safety, accumulation, recognition. There's so many things going on with gold that nobody's talking about the right way. They're just looking what makes gold move. Oh, they lower interest rates. Gold's higher, that's why. And they stop there. There's so much more to look at, so much more to understand. And that's why it's a much


more complicated, involved world to try and figure out where gold prices are going to go. And that's why I was able to say to you, even after gold and silver is dragging along for so long and they suddenly woke up and then they got stronger and stronger and now they're going nuts and now people are still thinking, "Wow, it's gone up so much now it's got to slow down, cool off a bit." Sure, that's what the weak hands do. That's what the inexperienced investors do. Those are always the people who say,


"I can't believe I sold so early." And that's one of the worst feelings in investing is when you actually had a piece of it and it was doing well. And then you pulled the trigger too soon was on the way somewhere. This is what we're seeing now with gold mining stocks and precious metals, weak hands, misunderstanding of the value, a complete, and this is what everyone's missing, a complete misunderstanding of the real reasons gold is rising because no one's noticing how rapidly


this economy is bleeding out. And before I forget the fact that we never have sponsors, I would really hope that you guys will please encourage us and click like so that we can show the YouTube algorithm that we mean business. If you're not part of the solution, you're part of the problem. I don't know if that's accurate, but you get the idea. I was talking about or I didn't want to keep talking about all the things wrong with the economy. Not only because everyone's on the train now because


they're all catching up to us and realizing that oh wait, it did take a while, but it was exactly clear way back when and we're here now. So I thought instead I complain about the economy. Say I was omnipotent, a king, and I could just choose what to do. What would you do to make this economy get back on track? And I started thinking about, well, flat tax, this and that. I just started putting it all together. It just got stupid. Like I'm wasting my time. even looking into this stuff. Life is


short. You got to know what's important. You know, now the economy is ruined. You don't need to stare at it or look into it or worry about it. Just choose what you're going to do because of the situation you're in. And it's been clearly demonstrating. Everything I told you about has been clearly demonstrated in the one way that it can be globally agreed upon by everyone is in gold. Everyone, everyone is going towards money and it's just getting more and more aggressive as you're seeing. Silver


was up 3% today. Again, people think that the price of gold rising is about gold's price rising and I tell the gold prices don't change. But that's not my point. The point is everyone's talking about the gold price rising or they're looking at the reasons for that and they're missing the gruff sitting over here or the elephant in the room which is the whole point of why they didn't see it in the first place and now everybody sees and they're trying to figure out why. So they're saying


central bank buying there's a risk premium there's a flight to safety slow clap and it sounds right and to a certain degree sure but the real reason why no one saw it and why we saw it and why we know where it's going to go and they still are talking about the wrong stuff still now even though they didn't see it and now they're telling you why and what they're telling you I'm pulling my hair out if I had any no one trusts globally no one trusts the US dollar anymore for example no No one truly


trusts any fiat currency. Fiat means by decree. The king used to say the length of my foot is a foot and then we'll measure distance in that. And yes, central bank buying is what kicked it all off way way back in the day. People talk about it now like it's a new thing that because they just learned it. Central bank buying started and China is getting sneaky about it. They're using proxies to buy gold from Switzerland and to stuff it in their own vaults but not knowing it came through China or that it


was a Chinese buy. Even now they're mining more gold than anyone in the world. They're keeping it all and they're importing more gold than anyone in the world. And it's just so coincidental. That's right before we lead up to the bricks currency. And also a possible devaluation of the dollar, which is a revaluation of gold, which could be gold going up to 10,000, 20,000, 150,000, whatever the king of the day decrees. And as I tell you, that's just a devaluation of the dollar.


You're going to watch a lot of gold investors get really wealthy and all of a sudden your money's not going to be worth as much. And yes, all that came into play. All that started it and got the momentum going and now the whole world is realizing to buy gold and no one's trusting currency anymore. It's a massive shift in the mindset of the way people look at investing. That's why speculative things are going to be weaker all at once now, while solid, tangible, real things that are in


demand are going to be more valuable. The only thing that's in demand worldwide the most is gold. But then you see a headline of this guy. He's saying gold prices might hit $5,000 in 2026. These people weren't even old enough to be working back when gold started moving. And then now gold's moved and they didn't see it. And now that gold's moved, they make a comment that is so safe, so basic. You get in front of the camera and you're talking and that's what you come


out with. This is why we're listening to you that you're saying that gold might hit 5,000 next year. Gold just went from 2,000 to $45,000 in the shortest time ever. And then this guy comes out with a hero's welcome to tell you that it might hit 5,000 next year. Why do people even read the media? And if you say, "Okay, I like Bitcoin, right? I hate Bitcoin." For example, I'm using Bitcoin as example for this moment. There's like 100 people saying that the reasons it's


going to go higher and 100 people saying the other side. So, it's about what you cuz you are the only common denominator. What are you going to do to focus on making the right moves? And part of that involves I'm starting to believe listening to somebody that is doing well and is understanding it and putting things out in front of you in a way that you can understand so that you can make the decisions that are best for you when you land on your feet. Because everything I'm telling you that was


going to happen is starting to happen which means everything changes financially for you. which also means by extension that there's probably choices you can make that will mean your path will go in a better direction and not be as rocky. So many people are about to get blindsided and I'm not going to be saying, "Hey, I told you I was right. Buy my book." I'm going to say, "My god, we're in trouble. Who are we going to help? How are we going to get enough food? Everything will be different. There will


be people who aren't getting enough money from their pension to be able to buy enough food for them to eat to survive or pay their heat. And it's real. And nobody at the top is really noticing this, but we're all going to be dealing with it as is usually what happens throughout history sadly. But I tried. I did. I'm trying to talk more about good positive things. And there's opportunities, especially in the chaos. Everything's going to come down. There's going to be a whole bunch of


money to be made. I've been not talking about the options trades anymore, but I bought four I think it was three or four options trades betting against Canopy Growth Corporation over the last few days. And these are super risky. Do not trade derivatives. I'm just using it as an example to tell you about how most of the best gains you can make will be by playing the psychology of other investors. It's not about the value of the company. It's about if everybody runs to one side of the raft at once. It


puts it that way. Some people are going to tumble off into the water and the others are going to scramble and run back to the other side. So, you know, the raft is coming back that way. And all of a sudden, there's ways and things you can do if you immerse yourself in this world. There's things you can do to turn that into some pretty respectable profits. And you guys confused me so bad. You kept making comments and jokes about the shirt that I wore in the last video and talking about the security


tag. And I had no idea what you were talking about. I thought you were just making a joke and then I realized you're talking about the microphone I wore. which is hilarious because I just got my new phone. This camera's new so it'll look more higher definition and I don't think that I even need to wear a microphone because the sound quality is just nice without it. So, we'll see how that goes. If there's any issues or whatever, let me know cuz I just this is the first video on this new phone. You


guys stick with what you've invested in. This is not the time to take profits or sell your mining stocks. The entire economy has just started collapsing. The last thing you want to do, in my opinion, this is not personalized trading advice. I'm wrong all the time. The last thing you want to do is get out of these stocks. If you can hang on, just stay in them. You just have to be patient as heck. And the more patient you are, the harder it is to be that patient. Usually, it's comparable to how


much profit comes out of it on the other end. I'm writing another edition of the Peter Leads letter this weekend. Plus, I got something for the subscribers of petered.com, which will come out this weekend. Don't forget to tell me if you think that gold is going to hit $5,000 next year.