gold news

 $2,234 per ounce for gold have you guys been watching the precious metals complex gold prices are soaring silver pric is not so much yet we're going to talk about that in this video we're also going to talk about what's going on with inflation and also I want to say and show you that housing prices are doing exactly what I told you they're going to do and I'll show you how it's going to proceed and where it's going to go from here if we have time we might even take a look into the truth social stock which

recently went public see how that's going gold prices have been soaring like I told you they were going to last I checked they were up $25 an ounce today and I keep having to re adjust my script here because I put the price of gold that I want to talk about and by the time I get ready to film the video Gold's already made a move even higher I always say to my son my father people who know me my friends you haven't seen anything yet Gold's doing well like I told you it would and now

everyone's really izing WOW gold prices are going up what happened how come it's happening oh the central banks and they're talking about how much gold China is buying how much gold India is buying all the central banks around the world always buying so much gold but we were talking about this you and I on video about how China years ago was not reporting how much gold they had how they were making purchases through proxies so they could disguise their transactions and no one could keep track

of how much gold China actually had we were talking about this years ago and now gold prices are finally waking up and people are catching up to what you already knew but there is a difference with silver where the value of silver compared to gold which you can see through the gold silver ratio how many ounces of silver does it take to buy 1 ounce of gold which typically if you go back in history you're looking at about 40 ounces of silver to buy 1 oun of gold if based on how much of each of

the metals is in the Earth's crust that ratio would be closer to 16 but right now this is the gold silver ratio and I'll zoom in a bit so you can see how high it is right now historically it's dramatically lower logically it should be dramatically lower but why the difference why is gold doing so well when most precious metals follow gold around just like all cryptocurrencies sort of follow the price of Bitcoin gold generally leads other precious metals like silver for example but right now

there's a difference a really wide Chasm because there's an influence on the prices of gold which is not being equivalently applied to the prices of silver meaning that a whole bunch of central banks are buying gold specifically so there's demand for gold they're not buying silver that's why you're not seeing it in the price of silver yet but most mines even gold mines they going to be bringing out a lot of other stuff too including silver they're all interconnected when you're digging up

rock you take whatever is valuable out of there precious metals almost always trade like a flock of birds they will always normalize the price of silver will catch up percentage wise to the price of gold and the big winners are going to be people who invested in the really high quality silver mining companies speaking of high quality stocks like the ones we select for the newsletter we put a special bonus for you all beneath this video I stripped out all the graphics I had to Reda certain parts and I had to shrink it

down so it's a slice of the report we put out yesterday or the day before about our stock picks and how well they've been doing so far this year we need everybody to to see this so they can understand what we're doing here and of course I wanted to talk about inflation and I told you it's going to bounce it was more of a thud than a bounce compared to what I was expecting but here's the chart of the inflation rate and this isn't localized to the United States only it's happening in the

United Kingdom Canada as well as inflation all over the place I not just talking about the commonwealth countries but here's a chart of the inflation expectations this is not inflation this is the expectations from people like you and I about where inflation is going to go next so you can see as inflation is expected to fall at the same time I want to counterpose that with a chart of the core consumer prices at the time when people are expecting inflation to fall the prices of things are increasing

and if you want to see what's next you look at the producer price index because that's going to show you how much it costs for companies to make things for you and the cost it takes to bring in all the goods to make that thing the price has to increase to reflect that to preserve the company's profit margins so as things cost more for the producers than the things that they produce of course have to cost more we need to talk about housing prices you guys know that I'm always early with my calls but that

what else do I owe C you just wait just wait this is a matter of time now it's all playing out you can see that the media is picking up on it people are realizing that housing prices are going to start coming down in 2024 but here's a chart I really wanted to show you this United States real estate prices for versus Canadian real estate prices and you can see here this was the most bubbly overvalued housing market on the earth at this point it was a matter of time and an easy call to know that it

was going to come down in terms of the prices here but I do believe that United States is now going to be next and I think it won't be as dramatic as the fall in Canada for the prices they came down so quickly but I do believe it'll be a long-term Trend lower this is from the US Census Bureau home prices and you can see how it's starting to fall off a cliff there or basically I liken it to the beginning of going over a roller coaster this is from The Mortgage Bankers Association this is the average mortgage

size so mortgages are greater in terms of how much of the liability they represent at a time when interest rates are so much higher so that payments are so much higher this is from the National Association of Realtors this is existing home sales this is part of what I was talking about I told you guys that the inventory would heal itself organically cure itself where everyone said well they low inventory so house prices are just going to keep on going higher because the inventory is so low no one's

moving no one's selling their houses once house prices start to decline it becomes widely known common knowledge people are a lot more likely to then sell their house especially if they see the price starting to go down they might want to say let's sell this place before the price goes any lower so there's that but there's also other influ es which are going to naturally organically heal the constrained inventory like I don't know for example look at this chart this is the US housing starts for single

family homes this is a representation of what I was trying to explain to you guys that there will be more building as the prices go higher it's going to encourage Builders and then it's eventually going to be more and more profitable to build the type of homes that are going to be in demand the most which are single family homes all these housing starts become actual houses people then have the option to buy that house and live in it instead of another house the inventory will completely heal itself

house prices will come down and as they come down that will encourage the inventory to heal even faster really quickly we'll take a look at the djt stock this is the truth social stock which went public I'll mark on these chart where it went public exactly but what you're seeing here most of the strength is based on a political ideology nothing wrong with that I'm not saying that at all I'm just saying it's not based on the value of the underlying investment that's very clear very clear

to anybody but enough about that and I don't want to talk about that topic again until something major happens any case we love you guys thanks so much and make sure to subscribe to the Channel please