gold news

 the case for eight thousand dollar gold I actually think if we hit eight thousand that there that means there's like a loss of control going on and I think you will see it shoot right past that at goldsilver.com we have a price match guarantee free shipping and global storage options thanks for making goldsilver.com your bullion dealer hi in my book The Great gold and silver Rush of the 21st century there is a chapter titled somebody big is getting ready for something really big and it's about uh

gold flows uh and right now the world's central banks have been getting ready for something really big are you getting ready for something really big because something really big is coming at us I don't know the speed or exactly when it is going to hit you know I did one video I think it was called uh when will the excrement impact the air acceleration device I don't know exactly when but it is definitely coming so in this Zero Hedge article Central Bank uh gold buying shows no signs of slowing down the big

thing here is that down in the article it says it was the highest you know 2022 was the highest level of net purchases on record dating back to 1950. this is Central Bank gold buying and most of this is in the East the West is not buying even though you know because they don't want the price of gold going up so the West suppresses the price of gold and then the East buys it's it's a pretty good game if you're the East uh the it it would be like trying to run a Las Vegas casino and uh you know

suppressing the odds so that everybody wins in the casino and the the East is the uh are the gamblers in the casino but they're taking advantage of a no lose situation so um the central banks are buying chat GPT recommends massive allocations in gold in its recession-proof portfolio now um and I find this hilarious that artificial intelligence is now recommending precious metals uh what do they do when precious metals are rising uh well one of the things you try you do to try and keep a lid on The Price is

you change your margin requirements at the Commodities exchanges and so they have just upped the margin requirements this was a couple of weeks ago uh now I did on uh the world gold Council it's gold.org there is a calculator there and uh you can put in different portfolios and they have as a default this totally insane mix of all of these different assets here gold cash bonds uh Global bonds U.S stocks developing markets Emerging Markets REITs and commodities and so you've got this mix where you

would have to manage this thing I mean every week if not every day you'd have to be studying all of these different things and and rebalancing this and uh this would be a nightmare to manage unless you're paying somebody else to manage it but if you're paying somebody else to manage it there goes part of your profits and then there is the standard UH 60 40 mix 60 stocks 40 percent bonds and then the one that I put in because uh I am you know for years I was 100 precious metals now I've

got what I call a straddle going on which is like an options strategy where you're betting on both the upside and the downside my strategy straddle is you know all of my bets have been crisis bets gold and silver but then lately I have bet uh a small portion of my assets on the future of humanity because I do think that after a very dark period that we have a very bright future coming there is brightness of future ahead as long as but we need to stop following all of these uh insane politicians that

are leading us down a path toward War toward uh um a toward these crashes and then uh these people that don't know anything about economics continuously trying to push us into these insane bubbles so here are the returns for this century and you can see the uh the insane mix of stuff that you'd have to manage uh 386 362 000 for the 60 40 split and OMG almost 700 000. almost double uh the other two if you go 100 gold and so this is a chart that I've shown several times because uh you know I keep

on running into people that say well you should just put 10 gold in your portfolio because gold is volatile it's dangerous it can't vanish all of this stuff down here can vanish and so uh to me gold is King but here in Lebanon cash is King as uh Banks atrophy now this uh article is from January but look at these stacks of cash and then um this is a retail business and there's these counting machines for cash and then there's even Billboards in Lebanon for cash counting machines they're

advertising these machines on billboards why because it's another fiat currency that's doomed for for it it is destined for the Dustbin of history but Argentine Savers drown on her spiraling prices as inflation hits 99 well it's not spiraling prices this is the currency going down by 99 in a year losing 99 of its purchasing power uh Nigeria uh caps ATM withdrawals to 45 today a day pushing for a cashless Society uh and then this is a great article you should read it it's a hierarchy of money and the case for

eight thousand dollar gold I actually think if we hit 8 000 that there that means there's like a loss of control going on and I think you will see it shoot right past that but it's a very good article except he does use the term Fiat money there is no such thing as Fiat money there is fiat currency gold ultimate money this is correct and then all of the to paraphrase JP Morgan once again uh gold and silver gold and silver are money everything else is credit that's uh uh he actually said gold is money everything else is

credit but silver uh is money also but uh he correctly says that bank deposits are credit and its promises to pay currency so it's promises to pay this lie on paper uh and all of this is uh fiat currency and bank credit are fraudulent they are theft and they are enslavement they're imagined into existence and then with when the FED gets the currency into circulation they just buy something uh with bank credit you borrow from the bank and the bank imagines new currency into your account and then you're the

one that buys something with something that was imagined into existence there is no purchasing power there until the moment it gets spent into circulation it gets its purchasing power through the theft of purchasing power from every unit of currency in existence a microscopic amount is stolen and this so this is what the bank does you you are basically hiring the bank when you uh take out a loan to steal purchasing power from you loan that stolen purchasing power to you and then they enslave You by making you pay if it's a

house 30 years you're going to work for that and and it is you should be working for some for an asset like a house but we shouldn't be using this immoral enslaving system and with Fiat uh National currencies those are backed by U.S treasury Bonds in the United States uh which require us paying taxes in the future so that's an enslavement tool if you don't pay your taxes you go to jail and so this is a very good article and it makes a a good case for eight thousand dollar gold uh I do believe if

we hit eight thousand dollars that we're gonna continue on past that so this is printing trillions of dollars and the American economy is down and out and when a Keynesian Economist has unexpected dinner guests I want to thank you for watching we'll see you next time thanks for watching but this is by no means the whole story if you want the full story including my free online only chapters and companion videos there's a wealth of information at ggsr21.com thanks