I give a great probability of gold being far higher than $5,000 an ounce uh unless they manage to do this soft Landing thing and everything keeps on going the way it's going and then somewhere under $3,000 an ounce but above where it is today is is a reasonable guess [Music] if hi and welcome to the new year this is the beginning of this year but is it also the beginning of the end Alan hiber has the uh what's coming in this year and uh a little bit of a look back at last year so Allan what have you got for


me hey thanks Mike happy New Year um yeah so basically I want to gather a bunch of price predictions for gold for the end of 2024 and uh a lot of these analyst predictions were actually gathered by Brandon who writes our nuggets newsletter and I think he's going to write an article next week so if anyone wants to read that article definitely go to gold silver.com and sign up for the newsletter but what I have today is I want to go through three different batches of what's happening in the


economy what's happening with the retail investor what are they doing what's happening with banks and then what's happening with geopolitics and see where the price of gold could go by the end of 2024 so first of all the first thing I want to look at is something that's on everyone's mind it's the Fed likely cutting interest rates four times next year as the economy remains resilient this is just too funny it's so dystopian uh if the econ contradictory terms if if if they're cutting rates it's because


the economy is crappy that's the reason yes if the economy is resilient you can raise rates so exactly yeah so anyways that's kind of funny but of course when the FED Cuts rates that's usually bullish for gold uh so so that's one thing that's happening it's also bullish for real estate and the stock markets yeah exactly it just sort of inflates a lot of asset prices yeah another thing Federal Reserve officials are worried you're getting paid too much so this if you get paid too much


you might go spend more and that's going to contribute to inflation and allegedly they're trying to keep inflation down so they want you broke and not not spending anything uh right it doesn't cause the inflation but what they have done is stolen a bunch of wealth from the poor and middle class and transferred it uh into the financial sector so the richest people got a lot richer and uh and so now they don't want you catching up because that might Stoke inflation they want don't want you they want you


drowning at all times with the water like right up to here ex exactly but you might so these are the you know the experts that manage the economy but what about the experts that you go to for individual Financial advice certainly they're helping aren't they no 71% of advisers have 0% 0 to 1% exposure to gold look at this and none of them have 10% or more and probably this is what they're recommending to individuals it's very hard to recommend to somebody something other than what


you're doing yourself so I have to imagine that there are not very many people who own gold yeah well if you look at all the financial advisors uh they're representing things that you can easily buy off of brokerage exchanges uh so you go to your um uh brokerage platform and uh the if if people start recommending gold you can't go down to a local stock shop and and buy stocks but you can go to a local coin shop and buy gold and so the public may or may not be be buying their gold through a broker uh


and so it behooves all the Brokers to keep people out of gold yeah exactly and to your point Mike a lot of individual retail investors are going to seek out gold from any place they can get it and we saw Costco actually selling a hundred million worth of gold in its first quarter uh this came this came just a few weeks ago and the 1 oce bars typically sell out within a few hours according to the CFO so yeah retail investors are gobbling it up and then shortly thereafter we had Walmart doing a very similar thing so


you can just go to walmart.com and buy gold and silver um it's amazing I'm sure that's a hot commodity at Walmart just as it is at Costco I do want to remind everybody however that these places aren't making a two-way market so uh if you you can buy it from them but when it comes time to sell to whom do you sell uh also uh they aren't providing like uh Vault Storage at Brinks like we do uh they do not have a program like instav Vault where you've got the uh lowest prices and it's just instantly being


able to trade in and out of it uh and it's all in insured in a vault and so uh uh this does show though that the public is now becoming aware and those brokerage houses have not yet jumped on the bandw and but just like the very end of 79 through like you know by the time uh 1980 82 rolled around uh and gold had already peaked all the financial advisers back then in the 80s that in the 70s that weren't that were telling you not to put any gold in your portfolio and they were dead wrong now


said oh you need like 20 25% and uh by you know four year four or five years later it was it was 10% because it was going down from 600 down to 400 and then by the time it reached 250 you shouldn't have any gold in your portfolio gold is is dangerous you don't want to touch gold so nobody was recommending it when you when I started buying it when you should be buying it so yeah let's sorry let's move on it's all right yeah that's investing in the rearview mirror and it doesn't work very


well you got to invest looking forward right but this shows that the public is now rushing in where entering the third phase of this bull market which is the biggest uh gains and the shortest amount of time exactly so how high could it go well according to a few analysts at some of the major Banks like Goldman UBS Bank of America and so forth they're predicting the sort of underwhelming range of 2100 to 2400 for next year which isn't that exciting one of them even is bearish $1,900 an ounce that's


the World Bank so maybe they maybe they know something we don't maybe they're expecting some kind of deflation I I don't know but this this is I guess what you'd expect from Banks they can't they can't predict anything that's too outrageous um just the World Bank has a vested interest in lower gold prices uh the other banks that are predicting prices they have to be conservative if they get to um uh too bullish on gold then I mean you know all of these Banks that are


writing newsletters Bank of America and Goldman and everybody else they've they've got a brokerage arm uh Bank of America has Merill and so if they start talking about gold just like I said uh you can walk out the door and walk down to your local coin shop and buy gold or you can get online and buy it from us and so they have a vested interest in not being too bullish just but take a look at the uh trajectory after the crisis of ' 08 uh you know you can see where the dip is there in ' 08 and the angle of that


thing and I just think that uh the most bullish Bank there is probably sort of yeah the and and then your latest price prediction from the end of the data line to that is about the same angle as coming out of the' 08 crisis so I think uh that bank might I don't know let's move on we'll see we'll see they you know not only one person could really be right if they all have different prices so anyways so anyways that was the first batch let's look at the second batch I just want to remind people that last


year three US Banks collapsed in the same week silvergate Silicon Valley Bank and signature uh and and then some other Banks followed and the FDIC had to go to Extreme Measures to try to ensure all those deposits normally it only ures 250,000 and they you know went to some uh unprecedented uh lengths in order to increase the amount of deposits that they were insuring because they only had hundred billion do in funds to do it and total Bank deposits by the way in America are approaching 10 trillion so 10 trillion


compared to 100 billion so the FDIC as a standard operating procedure only has enough funds to cover about one% of Bank deposits in America not a 100 percent not 10 percent one% and this is like this is like a policy move this is like normal for basically any insurance company uh so if there's small problems quote unquote maybe they could they could ensure the deposits but if there's big problems there's no way they can well if there's big problems then the great taking comes into play there


is a reason you know it's it's a shame that the book The Great taking was written from a conspiracy theorist point of view it doesn't matter if it's conspiracy or not all that matters is that every one of these regulations and laws are already in place and so they've prepared for uh you know if there is this crisis and bad outcome then the great taking comes true regardless of whether it was planned or not yeah exactly so and this this is the reason this only 1% well what what is Plan B if 1%


doesn't work out plan B is the great taking yeah not fun not fun and and I think uh some of the banks National Banks are hip to this and that's actually the next thing I want to talk about the Dutch Central Bank admits it is prepared for a new gold standard you and I talked about this in a previous video uh this came back in November and yeah there's a whole article here about the head of the Dutch Central Bank just explaining yeah we're preparing for a new gold standard uh and you know if if


if there is a crisis official gold reserves can can be used to underpin a new gold standard so that's happening and it's not just one country it's all over the Euro Zone a chart uh that comes from this article is basically all the countries of the Euro Zone buying and selling gold to match their reserves in line with their own GDP so you can see the the black bar here which is GDP is very close to the height of the gold bar which is the monetary gold reserves and this green portion is actually them


selling gold since the 1990s so since the 1990s so this is decades in the works of lining this up preparing for a gold standard which could come about any day and you can see that it's pretty consistent the height of the black bar with the height of the gold bar everything's leveling out what what are your thoughts Mike uh well there's two different scales on this chart so I just want to point out to everybody uh you know many many times I've said that gold standards suck because it's it's a way


of cheating gold is great if we used gold but they're planning on some Reserve ratio where they're printing a bunch of currency and it's only partially backed by gold people do not realize that the US dollar the paper dollars that exist the Federal Reserve notes are backed by gold to the tune of 0.4 cents per dollar and it's on the fed's balance sheet and so uh uh you know so that is a um 0 4% Reserve against the it's not you know before the Federal Reserve it was 100% Reserve ratio on treasury notes uh after


when the Federal Reserve was established it was a 40% now we've gone from 40% you know not to 4% but to 0.4% so anyway this is uh they're trying to balance this uh so that as an emergency maneuver they can go back to a a gold standard but what is going to happen to the free market price of gold because this is just another Voodoo fractional Reserve scheme yes exactly and that to your point is why some individual analysts who can afford to be more authentic in their predictions are predicting $ 3,000 or


$3,400 per ounce of gold by the end of next year and one of these is Ronnie stofle I'll show his exact prediction in just a second um but yeah these are some individuals whereas this previous cluster we showed were the banks that that couldn't really say something that was too far um too too Sensational basically right they don't want to move people out of the stocks and bonds that they hold that they're that they're getting all their commissions on you know it's a brokerage house exactly they


don't they don't want you going taking your cash out out or taking your Investments out of their brokerage house and going down to a coin shop or coming to us exactly exactly so okay so that was the second batch of predictions that I wanted to show now finally I want to move into geopolitics because as you know 2024 is an election year in the United States and we do have all kinds of uh chaos and turmoil happening globally Russia Ukraine is still a thing obviously we have a lot of action in the


Middle East uh and we just found out that the bricks has doubled in size inviting in new members five five new members uh d of course we know Brazil Russia India China South Africa so spanning multiple continents and they just added Saudi Arabia Iran the UAE Ethiopia and Egypt and yeah go ahead well uh somebody needs to have a lot of fun and come up with a new acronym because it's no longer the bricks exactly you got all these extra letters to play with now so uh let's see in the comments the most creative uh acronym


for for this new Association of exactly and it better be 10 letters long at least so hi I just wanted to take a moment and thank you for subscribing and mention that if you'd like to help our Channel please consider my company gold silver.com the next time you buy precious metals we're one of the most trusted names in the industry our prices are sharp delivery is fast and we have an insiders program where you find out exactly what I'm doing with my own Investments thanks for making goldsilver.com your dealer and now back


to the video um yeah and an interesting thing to note so as as all these different alliances and allegiances Take Shape an interesting thing here is that Argentina was invited okay but Javier mle who took office in December said that uh he wants to steer his country's foreign policy away from China and Brazil saying our geopolitical alignment is with the United States and Israel we are not going to Ally with Communists so this is kind of a big statement it's certainly ideological and we can see


that you know we're we're have we're forming teams basically the countries of the world are forming teams they're getting more divisive and clear-cut in who they're going to Ally with and who they're not lot of chaos lot of chaos yeah um you know I I wish he had just decided to go his own way instead of aligning himself with uh the east or the West uh but uh it's yeah I it's I suppose a better statement than than saying he is going with China and so on I mean I'm not a


fan of Socialism or authoritarianism and uh the East is uh so most of the bricks countries are fairly author authoritarian and I think it's just horrible when uh you know they're um in an authoritarian country uh the population is very oppressed and uh it's it's not like we are exactly free but we're Freer than they are so yeah absolutely well speaking of us I do want to get back to the US for a second because we do have an election in 2024 and it's no secret that the former


president Trump is currently facing 91 felony indictments and he's been banned off of two State ballots already and now that ballot fight is headed to the Supreme Court it really doesn't get any bigger than this I mean I I can't imagine going to a higher level I mean it doesn't get to a higher level than the Supreme Court and a former president I mean there's nobody higher than a former president who could face 91 felony indictments right it could be over a hundred by the time we finish


this video I don't know I mean they're they're coming left and right how did we come become such a Banana Republic and why is it that the best that we can come up with the choice that we are given now is between Trump and Biden and if Trump wins will he be uh administering his you know his administration will he be doing that from jail because it's entirely possible that he could be president in jail running the country from a cell I mean this is how did we become such a Banana Republic this is


insane my best answer is it's the monetary system yes it is it does go back it's all economics and the monetary system right yeah well so anyway speaking of the election and the tumult that may result there's an article here that's two years old okay it's two years old but there's a retired General warning that the US military could back a coup after the 2024 election and so that's a retired General right he's he's obviously well connected he he has certain access to intelligence


that you and I don't have who knows if there's Merit to that or not um but anyways if anyone wants to figure out more figure out what his reasons are I encourage you to read this article you can find it at NPR and similarly so this is this is um the military backing aoup after the election I haven't um listened to this uh podcast but I've heard that this comes from sort of a deep State uh uh more conspiracy theory angle uh yeah okay so okay so put a pause on that so that's after the election there's also a


US army colonel Douglas M McGregor who doesn't believe that there will even be an election uh he thinks that something is going to happen before the election that will prevent it from taking place and he also predicts a difficult financial situation in which banks will remain closed for several weeks so I would encourage people to I have listened to this one and this comes from like the opposite end so you've got both of these uh military people uh predicting some sort of chaos uh going


all the all the way from martial law to a complete coup uh and uh this this is I mean I opened up this video will is with is this year is this just the beginning of this year or is it also the beginning of the end well when it comes to like the stock markets and so on uh you know we'll discuss this in another video but uh I think that this is sort of the beginning of the end when it comes to Big gains to be made in the stock market unless we go into some sort of melt up because we're in uh currency printing


mode you know QE forever that's right yeah exactly and to top it all off right with all those things happening the US national debt just hit a record $34 trillion a couple days ago I mean I I can't try counting to 34 trillion you know how many lifetimes it would take you to count to 30 this is such a huge number and there's no end in sight this thing is growing like a weed I don't know I don't know yeah it's uh it's really turned into a flood and it the irresponsibility this is the most out of


all of these things that are happening even the potential of nuclear I mean the world is like uh on this knife's Edge uh where where uh so close it's been since the uh Cuban Missile Crisis that we've been this close to nuclear war but this is more dangerous than the nuclear war it's more dangerous than the uh the uh a coup in the country because this is what is responsible for all of this stuff and then uh the all of our politicians are uh going to try and solve the problem with more of what caused the problem so


you got cancer the cure is we're g to give you another kind of cancer yeah it it really is bizarre but that that's what they've been doing yeah exactly so with so with all those factors combined want to return to the price predictions before you leave we we took a look a little while ago at where the uh national debt was uh in at the end of 2019 so in the in the last four 2020 2021 2022 2023 four years and it's gone up what did we say about 50% I believe yeah about 50% 50% in just four


years totally insane uh you know so uh four years from now if we go 50% uh more we're adding uh what 15 17 trillion to this I'm not that good at math what is that it would be 51 trillion 51 trillion right and then what is the interest due on that if if we're up I mean this is insane and then with the uh spending the SE the Congressional budget office and the government accountability office are government accountability office is basically saying that we are really nearing this uh uh Medicare Medicaid


crisis uh and uh uh so uh all of these things are converging this is going to be a tragedy and we're going to be going into what I have been calling for many years the Bernan bust and Bernan won a Nobel Prize for what I believe if you look back if you if you go five years in the future 10 years in the future you'll find the Bernan won the Nobel Prize for destroying the monetary system yeah absolutely so all of these all of these factors are combining for in the favor of gold obviously and the final


prediction I want to add to this chart here comes up at 5 ,000 an ounce that comes from Robert kosaki uh so this is kind of the range of prices that I was able to find yeah and this is just for one year this is just for one year this isn't even looking out three four five years or more this is for one year the end of 2024 any thoughts on this mic and do you want to add your own PR well I think I really do think that the energy that is stored up and we've done many videos on this of the um all all the the


bubbles the real estate bubble and the stock market bubble especially because those haven't popped bonds are already deflating because of the changes in interest rates but that energy that is stored up uh means that there is probably uh a big crash uh coming with whatever the next Crisis is and earlier in the video you were showing the um the banking crisis from March April of this year well that is actually part of the 2008 Global financial crisis we've done these videos showing that that crisis


never ended yeah they were able to slap some Band-Aids on the stock market and pump these bubbles bigger but we've shown these videos where all of these actions that the Federal Reserve is doing instead of just dialing one thing on the economy to try and heat it up slow it down now they're flipping things off and on in emergency Maneuvers like light switches uh we just did that video a little while ago and uh so the crisis has never ended that banking crisis is this the uh like second phase of the global financial


crisis of 2008 but it's that's just a tiny little crack compared to what is coming and I think that it's probably in 2024 so I give a great probability of gold being far higher than $5,000 an ounce uh unless they manag to do this soft Landing thing and everything keeps on going the way it's going and then somewhere under $3,000 an ounce but above where it is today is is a reasonable guess if all the way into 20125 everything just goes nice and smoothly and there's no crisis and you


know uh there you said like there are small crises like March April these things but if credit Swiss if they hadn't uh arranged that shotgun wedding with UBS that would have really drugg down the world economy that would have caused a global financial crisis you know because that's a systemic risk that bank and uh and it just shows that if if credit Swiss I mean I don't know how old that bank is but it's this is a bank that's been around like forever and uh if they can actually end up going under


because of uh um you know because of all the leverage and the danger in the system then it just shows how risky everything is and then when you pile all these bubbles on top of it and the Federal Reserve doing these emergency Maneuvers switching everything on and off like light switches uh I just think we're on at this I I think 2024 is uh the year you know there there's a chapter in in the book the point of no return and I think 2024 uh is the year where we see this you know they talk about the FED pivot


well this is the whole econom economic monetary pivot and uh so I think we're we're in potentially for some tough times except for some of the people that are in alternative assets uh I think that some cryptos might do really well and I think gold and silver will do really well yeah the only thing I'll add to that is you know gold is is functioning as an insurance policy in the context of everything that we're talking about yeah so so there's kind of two questions it's like where do we think gold is going to


go and where do we want it to go so like I only want gold to do like 10% next year that's all I want because that means like everything's okay in the world exactly but like I'm not rooting for gold to to go to $5,000 an ounce because that means that like things fell apart in the world and there's like there's going to be a lot of people dying as a result of you know homelessness and starvation and a lot of and War I I don't want that um you know unfortunately it's outside of my control


and you know it's it's an insurance policy and it's just like if you have fire Insurance on your house you're not rooting to cash in on that policy even if it would give you more money than the house was worth exactly you don't want your house to burn down so it's tough it's tough to sit here and say look well where do we think the price is going to go because I I don't really really want it to go off the charts you know but you know if Things Fall Apart it it will so I think that if


we do have this type of Crisis that Robert kiyosaki's prediction could be low and uh I think that uh um it would probably continue uh accelerating for you know it it won't just stop at the end of 2024 so these price predictions are somewhere on the road to even far higher prices in 2025 2026 exactly I totally agree well let me just finish up real quickly and put put everything that we just looked at on a log chart so you can see the percentage moves and if we compare it to 1970 look how massive these percentage increases


were right compared to where some of these dots are they look like relatively small on a percentage basis and I will just remind people back in 1979 the price of gold doubled in a year more than doubled it went from 22 226 to over 500 which is more than double so conceivably we could go from 2,000 to 4,000 in a year conceivably and that that wouldn't be unprecedented oh in in 79 but then in the next uh it was on the around the 19th or 20th of January that it peaked which is like um I don't know


12 or 14 trading days in the next 12 or 14 trading days it had an intraday high of 8 73 exactly yeah so it closed it closed 1979 at 512 and then in the next 21 days which to your point is is a smaller number of trading days but in under three weeks it went from 512 to 873 so after just doubling in a year so right these these percentage moves are are massive and and certainly it could out outstrip pretty much all these predictions that we just looked at yeah so last thing is is all these predictions in case anyone wants to see


them uh here's where they come from and unfortunately this isn't sorted I apologize for that but these These are the sources of all the predictions um so you can take pause the video take a look at those and these were compiled by Brandon who writes our nuggets newsletter so if you want to see his upcoming article on this sign up for the Nuggets newsletter I believe he will publish that article next week yeah go to goldsilver.com just put your email us and you'll get the newsletter every week


perfect and I want to finish with a meme you know we talked about buying gold as an insurance policy you can also buy silver okay you can buy silver and this is this is me leaving the coin shop before they realize I gave them paper for silver awesome that is great yes okay thank you and I want to thank everybody for watching hit that like subscribe and hit that notification Bell we'll see you next time Allan thanks thanks