last I checked gold prices are up again today another $37 an ounce and I've been telling you guys to get involved with this gold trade for many years now since I was trading at about $1,600 over $1,400 an ounce less and do you think that if you known that information then that you could have made good up until this point I think so and I think that it's working out pretty well if you're a gold investor and congratulations if you're Peter lead's subscriber I'm coming out with a report


very soon all my favorite gold mining companies that I believe are Peter Le's approved I've put them through 29o leads analysis some of my favorite stocks that are at tremendously undervalued levels and it's not too late to get involved with this stuff it can still be a winning trade for you even though you might feel like you're missing out a bit I mean a lot of these gold money companies that we've talked about the ones I invest in personally that I tell you about my personal portfolio if


you're a newsletter subscriber you would have seen that a lot of the ones that are Peter leads approved some of them have gone up in value a lot and have cashed out of a few because they've been moving so quickly and a lot of the stocks have done really well but there's some that are still lagging and they're about to have their profit margins explode and their share price will react to that by following suit and climbing a lot higher and at the time when all these gold prices are climbing higher


and higher every day because the deterioration of the US dollar and the overall uncertainty that's going on in the world people fly to safety when there's a lot of commotion and uncertainty and one of the ways they do that is they put a lot of money into gold and central banks have a lot of value that they have to store and the way to do that is by gold they don't store value in many other ways gold is always being money it will always be money but while this is happening silver prices seem to be


languishing and they're doing all right but they're not representing their true value especially if you saw my silver squeeze videos part one part two part three there's over 200 million ounces of silver each year that is a shortfall in terms of what's needed based on the demand compared to the production when there's that kind of demand for anything could be sweaters on a hot day and there's not enough Supply the prices increase you're going to see that with silver and therefore for silver mining


companies but as I told you before you don't usually have a silver mining pure play they only look for silver that doesn't happen when you look for anything you crush a bunch of rock you take all the value out of it whether it's diamonds copper or silver or gold but there's a lot of silver mining companies that are also doing tremendously other ones that are yet to move and you're at the turning point it's a great time if you just showed up today you haven't even had an internet


connection until today and you find this video you are not too late it's a great time to get involved with some of the right kinds of these mining companies as the precious metals increase in price based on the deterioration of things like currencies such as the US dollar but the big question that I always get is what's going to happen and I've even told you about this a little bit that when there's a big stock market crash or a significant recession you're going to see a lot of these mining companies take


a hit sometimes but I thought you know what let's go deep into this and I'll show you exact numbers about what's happened before and I understand the four most dangerous words in the stock market are This Time It's Different so when you look at stuff that's happened in the past don't use that to gauge anything and don't assume that it's going to be different but it is a unique situation I'll say it that way I don't want to say this time it's different but


it is a different scenario right now things have changed there's different debt levels there's different understanding there's different ways that information gets to people like you and I right now where you can learn anything you want to learn and people are realizing that there's not a lot of True Value in a currency if it's just Unlimited part of the problem I have with cryptocurrencies if there's Unlimited Supply potentially Unlimited Supply you can't value that it can't be


a valuable thing because I could just make 20 million more of them but that's one of the reasons that I like Bitcoin out of all the cryptocurrencies but they all trade like a flock of birds when they do well they'll all do well together when they do poorly they'll all do poorly together and that's sort of similar to gold mining stocks as we saw recently A lot of them are finally waking up and that's why all of a sudden you see all the miners all the miners go up significantly in a day they're


trading in Sympathy for the right reasons so for you here I have a chart of recession and what happened to Gold compared to the S&P 500 in terms of percentage gains and in terms of comparative percentage gains as chart starts in 1973 you'll see that there's a recession that lasted about a year and a half which is a good healthy recession if a recession last two months like that ridiculous one we had last time that was based on the economy closing down and then opening up again that whole


recession don't even count that but it's been so long since we've had a contraction of the economic system I tell you that the economy is a lung where you breathe in you breathe out you want to breathe in deeply but you also want to breathe out for enough you don't want to take a little breath you want to breathe out and hyperventilate or whatever you want to do you want a recession to get rid of a lot of over leverage in a system to go back towards a healthier economy so that then therefore it'll be sustainable to


continue to grow at a good consistent manageable and maintainable rate so a short recession is is sort of an annoying thing a recession that's at least half a year long year and a half is great you know that when you come out of that there's a lot of value a lot of underpriced Investments and they'll have a lot of years of growth going forward from that point but in 1973 the year I was born I was actually zero I didn't even exist in 1973 there is a recession that lasted a year and a half and during


that time gold prices increased by 39% and compared to the S&P 500 the relative performance was that gold prices were 79% higher and that's because the S&P over that time declined in value so comparatively it was a better idea to own gold because not only did you get the gains you also avoided the losses but the absolute gold price performance at that point was 85% gain whereas gold stocks compared to the S&P while it fell the relative gain was 131% in 1980 the recession was only 6


months long and gold price increased 184% and over that time compared to the S&P 500 the gain was only 125% because the S&P did not decline and increase over that time but in general even during recessions gold stocks increased pretty well there's a couple years where there was a recession where gold prices declined and therefore gold mining stocks also declined not therefore but notably but after the Doom bubble burst in 2001 gold price prices increased by only 19% but the gold stocks went up 103% and


compared to the s&p500 which did horribly over the time the relative gain was 174% gain that's about increasing your wealth your wealth is building even if the gold mining stocks go up 50% if that happens at a time when the stock market overall is dropping 40% you're actually building your wealth even more than you can see on paper the nominal value you might might make 100,000 bucks but you're relatively worth $200,000 more compared to everything else so to speak I'm oversimplifying I hope that


you understand what I'm trying to get at here but in general in the hard times gold is a flight to safety and they do really well and there might be a bit of a drawback but it depends too what is your time frame Outlook I am just going to hold a lot of these gold mining stocks because I believe they're going to do tremendously well even if they have a bump in the road you you don't want to try and time this stuff gold and gold investing is such a slow moving thing that you don't want to say I got


to sell today and I'll make more money and then you're day trading it's that's ridiculous you just invest and forget about it I always mention and I've said it a few times in a few emails very recently investing well is incredibly boring it really is since I was born I'm 51 years old now since I was born the average length of the recession was 11 months the gold bullion price performance was 28% higher the gold bullion versus the S&P over those times was a 37% relative gain the absolute


performance of gold stocks was 61% and compared to the S&P 500 over those days the relative gain was 69% and it only 2 years where the prices came down okay that's the details that's the stats but think think of it now this way the one thing that's different and I know that's why I was saying earlier it's different this time but the one thing that is different is this is all happening in a time where gold prices themselves are blowing away all the numbers in this chart on the averages of


what you've seen before gold has never moved so dramatically so bullishly and I'll take a Victory lap I'm so proud of the fact that I saw this coming so long ago you guys might even remember an ill advised time when I was just trying to learn how to do YouTube stuff where I was on the cruise ship and I was talking about how I had moved all my investments out of a lot of stuff and put a lot of my investments a big percentage of it in Gold specifically and it's paying off and it's been paying off ever since and it's


going to be paying off for quite a long time and I believe that even after this most dramatic move in Gold this is almost like a warning or a wakeup call for investors because it's really moving fast because it's going into a phase of explosive mve gains in my opinion if you remember before it was breing through 2000 dollar an ounce and people were saying oh maybe we'll do it could we do it could gold break through 2,000 can you believe it and it almost did it it bounced back and it did for a


second they came back everyone's talking about wow $2,000 gold and then you broke through and we haven't really looked back it's just a really rapid gain up to 3,000 the difference between going from 1,000 to 2,000 took decades the speed to go from 2,000 to 3,000 took a handful of years how fast do you think it's going to go from 3 to 6,000 I bet you it'll be a handful of years at most everything is happening right now the entire world has a technology to learn anything they want to learn and


see whatever they want to see and we're all together looking at the fact that Fiat currencies currenc that are not backed by anything are a fools IR rant that they are just no True Value in them it's a reflection or their value is reflection of how many dollars there are out there so if they print more money which they're about to do quantitative using they're about to do again again again again they the currencies will deteriorate in value towards significant inflation that's why I say your


grandfather's house that I bought for $40,000 that's worth $400,000 now wasn't necessarily a great wise investment it's just taking more dollars to buy the same asset and when you understand that gold never ever changes value even you see it went up $37 an ounce today it never changes value and it's just tapping at the edge of $3,000 an ounce but gold has never changed it just sat there and it just takes more currency to buy the same thing the price of gold is a reflection of the deterioration of whatever


currency you're using to buy the gold with and it's not just picking on the US dollar every currency in the world right now every currency is Fiat the only one that will not be is if the bricks actually do release their gold backed currency because it's backed partially by money so it's different than just being backed by nothing long story short I really want to keep helping you guys and I know I've helped a lot of you with this already there's a lot of money to be made the most of the money to be made


if you were with me for a while you've been subscribed to the newsletter you are involved with a lot of these gold mining companies at much lower prices they've increased in value a lot but not even close to how much they should have increased based on the tremendous explosive value of the commodity that they're digging out of the ground and selling they're digging some out of the ground that used to be worth $11,600 that same thing and all other things being equal it's about the same amount


of work to get an ounce of gold out now but the difference being now they can sell it for nearly twice the price that they used to and a lot of stocks like one that I own personally numont mining is actually lower in share price than when gold costs tremendously less and they dig it out and they go we'll sell you this and they get twice as much as they used to that has not yet reflected fully not even close into the share prices and therefore that is a massive and clear IM imbalance that is the best


way to invest is when you see an imbalance like that the value of the thing is exploding the company that gets the thing and sells it is languishing I can't give you personalized investing advice and I don't want to you got to make your own decisions I'm sorry but I don't see the downside of this and people say well isn't there going to be a big stock market crash I believe so but when that happens will gold prices deine no because they're not related to stocks they're related to demands worldwide but


the stocks that M for gold will suffer a significant amount maybe probably a little bit maybe not at all it is a different situation now I can't say it's different this time because that's a mistake but things are unique now gold has been soaring people think they've missed the vote at the beginning of what is a long serious world changing journey and a once in a generational once in a lifetime opportunity that I'm telling you right now at no cost I'm sure you're not


paying to watch this video so at very least take that and benefit from that on your own enjoy yourself and if you want to know the stocks because most gold mining companies go out of business just like most most biotech companies just like most of just about any kind of company restaurants they all go out of business except for specific ones if you know how to find the specific ones which is what I do by putting stocks through 29o leads analysis I know how to look under the hood and tell you how much money they


make how much money they're going to make what are they paying for expenses all this stuff it's fun for me it's easy for me and I know a lot of people don't like doing that it's a tremendous amount of work and that's why the newsletter has been one of the most popular Financial newsletters of all time for 30 years almost now I've been doing exactly this for nearly 30 years nothing different I'm using different tools that didn't exist before like for example the


internet when it came out I thought you know what I've got this newsletter that I would print and I would mail it to people why not put it online and then I thought why not charge people online this is all stuff that I did early on in the day that was really hard to do back then now anybody their Grandma can just get internet connectivity and Merchant y y y it's so much easier now but I'm just my point being you can make the decisions you need to make you've got all the tools you need I can help you


with the newsletter and if you want more from me and you want to pay 200 bucks for the newsletter I'm not this is not supposed to be a sales pitch I just want to talk about what's going to happen with gold if you want to know more from me then consider becoming a Peter Leeds Insider that's only a couple of bucks there's details below this video and I'm going to keep helping you guys don't go away and don't be scared that you think you missed the boat this is the best


time to get involved for you you got lucky because people aren't understanding how the value of gold will affect the companies that sell gold and I think that you know deep down that it will and the fact that nobody sees it yet is such an opportunity for you