I've told you what I know. I've told you what I believe. I've told you why I think that gold will take path number one, which will enrich anybody who has anything to do with it as the rest of the economy starts doing exactly what I told you it was going to do, which it's begun doing. Now, may I tell you some headlines? The way I see it, there's multiple paths for the price of gold from here. And I have my own theories and my own ideas. And you guys probably know what that is. And I'm going to go


in this video a little bit tell you about why I believe what I believe and how I've been hitting it out of the park. Been right on the price of gold and silver this whole time. But then I want to show you also I can be wrong plenty of times and I will be wrong. And when I'm wrong, I don't want that to cost you more than it needs to. So I'm also going to show you secondarily. I'm going to show you path number two, the worst case scenario. What if gold prices collapse? What if gold mining stocks


collapse? And of course then there's a lot of other ways it could go too. Third path, fourth path. We'll get into all of this in this video. I need you guys to just be open in your mind to different possibilities. You can't just listen to me and then hope that I am right because I'm right most of the time. I'm wrong some of the time. And when you get wrong, it can be costly. [clears throat] So, I'll start by telling you what I believe is going to happen. I'll tell you exactly why I came up with this


theory. We'll get into a couple of other things that could happen with the price of gold. Multiple paths. It's going to take one of them. When you say on a video, please click like or click the like button, the button itself actually lights up. So try it now. Please click the like button. When you take the increase in the M2 money supply, how much money they're creating, just making up most of it, and you invert that chart, it looks exactly identical to the decrease in the purchasing power of the


dollar. Who knew? It's literally the same thing. And the price of gold is the same thing, too, because it's in relation to the dollar. I always tell you, it's all one thing. People don't understand what I mean by that, but it's all connected. Everything is connected. And I would have thought, and I was early on both gold and silver and also what's going off the market. I've been telling you about real estate coming down for ages. I've tell you about cryptocurrencies coming down for ages.


And now you're seeing it. So, it took a while to get here. And I always tell you this, I've told you this for years. I'm always early. I'm always early because I think that things should go logically. And then you have somebody like Janet Yellen come out and say, "We're going to take a coin made out of platinum. So $20,000 worth of platinum in there and we'll say that it's worth $1 trillion and we'll put it on the Federal Reserve's balance sheet and that'll take


or cover over $1 trillion worth of debt. So then we're less indebted. This is something that literally honestly happened a conversation that was had. And if you don't see how insane that is, then you're not understanding that everything's connected. It's all one thing. This is absolutely ridiculous. And if that were a good strategy, why not just make seven trillion dollar coins and take the debt down that much more? Make that much more spending power. We've clearly gone off the rails.


No one's noticing it. You're sitting on the train, you go off the track, and you're sitting there ordering another drink. That's why that's exactly why it's going to be as bad as going to be because nobody's looking at it. If you think about it, it's almost like we're just a bunch of toddlers. There's people making big money on the news talking about trillion dollar coins. And I know that's over now. That was a thing that came up, but I'm just trying to use it as an


example to show you how insane this market has got that nobody's paying attention. It's like screaming from beneath a waterfall. Really, these people making the big bucks. It's just a few toddlers sitting around on the back of the playground behind the school and they're making a currency, trading leaves and bark for stones. And then some kid says, "Hey, grass is money now, too." and some of the other kids go, "All right." And then it just is. That is identical to the situation we're in with


actual grown-up real money. So, what do you do? That's what the whole thing is about gold. Why I've been screaming about this for so long. But here we go. I'm going to tell you path one. Path two is the worst one. And a couple other ways that gold might go so that you can keep your mind open. You don't have to know. And you don't even necessarily have to be right. You just have to have an idea, a strategy, what you believe and watch things play out. You see, I think that gold prices are


going to go up to new highs and say they turn around, they start coming down. Then you just adapt to that and you react at the time. But I'll tell you though, gold and silver are both going to go to new high prices. And I'll tell you exactly why. But again, this is my theory, my belief. I'm wrong plenty of the time. You got to make your own decisions. Live with the successes and the results thereof. This is what my thinking was. My theory is that all of these fiat currencies are going to be


declining in value in relation to gold because they've been exposed now. Everybody knows now the new technology and the instant information. Now all of a sudden people say, "Hey, wait a minute. All these currencies that are getting stronger or weaker, it's all in relation to each other and they're all just smoking mirrors." So the Japanese yen falls off a cliff that has an effect. If the dollar gets stronger, it's in comparison to other currencies that are foam on a beer. So, as these


fiat currencies decline in value, that necessarily makes gold prices increase, which is why we hit new all-time record highs in every currency across the world. And they're all fiat now, except there's a little bit of maybe adding gold backing to the unit, the bricks currency for big industrial trades, and maybe potentially in the bricks currency when it comes out at a retail level. That will make the bricks currency the most relevant and strong currency because it has backing of something real


which is money which is gold. Keep in mind the difference between currencies and money. Gold is money. It's always been money even before currency existed. That's why it's so asinine. All these people arguing stuff. You're just here for blinking time in the world. And you're arguing that currency should be stronger, that gold should be less strong. Whereas gold's the only thing that's been consistent from before any of us even had society. Gold was always money. It will always be money. even


when we are all long gone from this world. So stop arguing that gold prices are going to decline at all. It's a complete comparison to the deterioration of the currency that you're using to buy the product with. As the dollar declines, even pork bellies cost more. And then I take that thought and I mix it with what was going on. And if you go back and I saw this very morning, I looked it up. November 1st, 2022 is when I came out with that video. November 1st, 2022 years ago when I came out with a video about China and


Russia pigging out on gold and they were ravenous. India got on the game. There's all this gold accumulation happening. Yeah, that's going to drive up the prices. There's also a few other things happening that are going to affect the price of gold for the better. There's quantitative easing. And if you go down the rabbit hole far enough, no matter how you look at it, you go bang bang like a plank. You get to the bottom, you realize, yeah, quantitative easing either goes on your shoulders as


debt or they need to create new money to make it happen. And that's why I always link quantitative easing with monetary creation. But what you're going to see is that quantitative easing will be the thing they think will work cuz the monetary creation didn't. And our monetary creation cover debts. We only get about half of the money we need from taxes to pay for the stuff that we've already spent, things we've already bought, things we've already consumed, services and products. And now we're


sitting here going, "Should we shut down the government? Is this a debt ceiling debate? What do we do now that we spent all this money, but we don't have enough money to pay for it?" You do the exact same thing your your responsible teenage daughter might do. You go ask for money from your grandparents or your parents. Of course, there's a potential gold revaluation. And I'm not even going to say much more about that. I'll just tell you quickly. If it happens, and I don't


know when, I've heard rumors of when it might, but you look it up, you have yourself. If there is a gold revaluation, that just means instantly it's a devaluation of the dollar. So all of a sudden your purchasing power drops. But if you own gold or gold related investments, they spike up dramatically because all of the sudden price of gold is whatever is being chosen to be by whoever is in charge of when they decide to revalue it. So, it could be gold is now $20,000 an ounce. Ch-ching. Gold is now $50,000 an


ounce for heard all sorts of numbers and we don't even know if it'll happen. I believe that it will. And logically, I say that too because logically they should do it. And it will be bad for people who don't own gold. And I'm sorry. And it will be bad for people who mainly are just invested in currency. And I'm sorry and I'm not in favor of you getting hurt by this, but you have all the information you need now to understand that thing that's going to be still lasting when everything happens


when the mud hits the fan. Even a nuclear war, gold sits there still at the same value it's always been at and all the currencies just crash around it because there's war or there's economic instability. And the only way that we're going to be able to pay off the carrying costs on the debt, let alone the debt. The only way that can be done without just killing the value of the dollar, diluting all the dollars in your wallet while you're sitting there on the train, all of a sudden the money in your wallet


is just losing value while you're waiting for the next stop. You will need to have to absolutely have to lower interest rates maybe kind of aggressively. And it's not better for the economy, but it's going to be good to make the cost to pay the debts more manageable. As interest rates decline, the value of things like money like silver and gold increase, mainly gold and the dollar at that same time declines in value. I also believe that we're going to have a currency crisis in 2026. So, I factor


that into why I think gold prices are going to increase. Meanwhile, there's massive weaponization of the dollar going on. And it started with, and I apologize again. I still haven't looked it up. You told me in the comments below. Was it Sweden or Denmark? They dumped a bunch of US treasuries. Just think of them as I use from America to Sweden or Denmark. It was a pension fund, I think, for the teachers. Which country? Tell me in the comments below. But as they release that, that royal the


markets in China. This is what I was trying to say in the last video, which I didn't do a good job explaining. I'm sorry about that. China waited until somebody else did it and it was a Scandinavian country and then China is now talking to their own banks saying okay everybody think about getting rid of these IUs we have with America they've already stopped buying more Japan is now the leader of who money is owed to from America and to the American citizens China dropping in the ranks and


they've come out and said to the banks start thinking about getting rid of your US IUS unload them, you sell them, you put pressure, well, how it plays out is that puts a lot of pressure on the American markets and pushes interest rates around. And I always tell you that the Federal Reserve can control interest rates, but there's also market driven interest rates that they can't control. And that's why they bring in things like quantitative easing because of the longdated IU that they're trying to push


down to control things. And I always tell you, anything artificial is temporary. They're artificially cut artificially tries to hold down long-term interest rates. They're also going to lower the actual interest rate that matters to you that affects your credit cards and your mortgage payments. They'll do that. They have to do that and it won't be good for the economy. So a lot of things that we have to do now logically we have to do even though it won't be good for the overall economy or


your purchasing power or the value of your assets unless you're invested in the ones that I've been screaming from beneath my waterfall about for decades. And of course this big speculative artificial intelligence bubble which is popping now, letting the air out now is going to absolutely pop. This is why you're seeing so many companies in different industries tangentally attached to artificial intelligence are now taking a lot of the hit because a lot of them built up based on sort of


being an adjunct to the artificial industry just growing and as it grows you grow with it and then as it declines you decline with it. And this is what we're seeing with a lot of industries right now. And even a lot of banks are going to be going bust in 2026. And a lot of retail office space is taking huge hits. And that's why the banks are going to go and have a lot of trouble. And all this commotion is just another thing that feeds into the power of owning money and getting out of the way


of all the commotion. And by the way, gold came down hard the other day. And again, I'll tell you the same thing, and it's annoying to me, but I'll tell you one more time, and then we're not going to have to do this next time. Ignore it. Don't worry about it. It's already up today. Gold and silver can go up 8% in a day, drop 8% in a day. Ignore it completely. I'm telling you, it all matters when you get to the point you're going to get to. Where is the price of it then? And my


theory is that the eventual price will be a lot higher than you're expecting by the time you're ready to sell. So therefore, based on all this, this is my thinking. You're going to want to get out of currency and get into money, which is gold. And that is what will lead to the smart money getting in on this trade and preserving their wealth as gold prices increase as everything else around it collapses. And you may ask if you're too late, have you missed the boat? We're still so early in this


game. That's why I saying it was difficult to say like, yes, this stock tripled. Is it a good buy? It is a good buy because the price will be higher soon. Did you miss out? Yeah. But from right now, don't worry about anything. There's a lot of stuff that happened in the past, a lot of stuff will happen in the future, but you're here right now in the only moment that exists. What do you do from here? Invest in something that will increase in price. What might increase in price? Well, gold. In my theory, I'm wrong


plenty of the time, but I believe we're still early because such a small fraction of retail investors in America are aware of gold. Compare it to any other nation. And people are buying gold like crazy, especially in Asia, like over the moon in Asia. [clears throat] And not just China, but we're talking about India, too. There's a ravenous demand for gold among retail people, but not in America. Not yet. And they're not even yet getting into the stocks. That's where the stocks are so undervalued.


All these silver and gold mining stocks I own have done well, but they have further to go. They have more well to do. And you've heard the news headlines. You can have 40% of your assets on gold. You have 20% of your assets in gold. This is all information being put out by people who didn't even see all of this move coming the whole time. I explained it from the beginning the whole way through and then these guys come along and go, "Well, I'm a stock broker at a big company. I'd better


admit that I think you should own some gold now." They don't know. Who would listen to these guys? There's another revision in last climate report where they're just like, "Okay, ignore the numbers we gave you. We actually made and you remember even before that there's one they were off by 850,000 jobs and now they're going back something like 10 years and yeah we didn't have jobs as much as we told you we did all the time when I was telling you that the stock market and the


economy is so weak and then Biden and then politicians and the bankers and all the investors are saying strongest economy in the world and it's so great everything's good and I'm saying it's so weak and it was weak but I didn't get credit for it because all the numbers numbers they gave out and the numbers they put in front of you were not true and now they come and go here's a revision but don't even trust that revision yeah you made hundreds of thousands of jobs less than you


pretended that we made but don't even trust that cuz I may just change it up again you can't even trust the information coming out so ignore it all of it's related to one thing it's all based on driving the dollar down that's all it's doing and as the weakness of the economy finally gets exposed even though I've been shouting about for so long, then you're going to see that there's no top to the price of gold. The dollar could decrease further and further and


further and gold will then climb further and further and further. And since there's no limit to how much purchasing power the dollar can use, the sky is the limit for how high the price of gold will go. But let's talk about another path that gold could take. And it's important that you guys keep your mind open and understand that I might be completely wrong. So decide now, maybe you did well on your gold mining stocks. It's important for you to help your kid medically. Maybe take some cash off the


top, use it for something important. If that's going to be an issue, if you're still hanging on, if gold prices crash, which is what I want to talk about right now, another path, and historically there are some arguments that this could happen where gold loses 80% of its value. it falls with all the other stocks. The whole economy just collapses and gold gets taken down with it. And of course, gold mining stocks. And so I started looking at what happened in times of commotion. And I looked at the pandemic and price of gold


increased in that chaos. I looked at the global financial crisis, the price of gold increased in that chaos. I looked at the dot bubble bursting and even then I was on the ground then. That was me just getting into my career. do comb blah blah as early on as a young man and everything got wiped out but not gold. This is why I always say that gold is nature's insurance. And by the way too I want to say don't think I'm promoting this or cheering for it or trying to convince you. I gave up trying to


convince anything to anyone. I'm just telling you what I believe. And so far some people have been sort of tagging in with what I'm thinking about stuff and they're agreeing with me and they were made well. But there's another path that gold could take. And this is the one that's the most frustrating and annoying because it's sort of like if you know gold is dropping 80%. At least you know who the bad guy is. You know the villain. But the worst thing that happens is if it goes rangebound


sideways trading and it becomes dead money if it goes on and on for more than a year. You're just sitting there and gold's bouncing around. And I don't suggest you try and capture those little moves. I say just hold it and wait. But it might take off 3, four years just trading sideways or a generally slightly upward range bouncing around or bouncing in a descending channel. But again, just keep everything in mind. Keep your mind open and react to whatever happens. I have a theory of


what's going to happen. I don't know if my theory is right. You need to decide what's your theory. What are you acting on? And you live with the results of what you believe. And the fourth way I want to say, this is sort of an all-encompassing. The fourth way is if it doesn't do any of those things that we talked about. There's I said four, but there's literally millions of the way that gold could go. But I'll encourage you to think about this fourth way that maybe this isn't a thing about


America. this move in gold and the whole gold trade and the whole increase in the price of gold and American dollars. The majority of that is actually because of everything's connected because of a lot of things happening worldwide with other countries when China and Russia and India are absolutely gobbling up all this sculpt. I was talking about it years and years ago that's going to have an effect on American gold and American dollars. This is what we're seeing. There's a lot of influences on the price


of gold. It has nothing to do with America. It's just this country's currency costs this much to buy an ounce of gold. This country's currency costs this much to buy. And meanwhile, in the background or beneath the surface, the demands for gold are well beyond anything that we'll ever be able to produce. And that's also even more true with silver, which is the whole point of when I showed you guys that the silver squeeze officially began. And I still say that was one of the single best


financial calls of all time. And yes, it's me talking my own book or talking myself up, but I still made that call. The fourth way is that it takes whatever direction it takes. Your mind is open for it. You're watching it. You see, okay, it did this. It went up and then it came straight down. What does that mean? How do you react? Just be a little more discerning with your decisions and don't worry about leaning on me so much. I've told you what I know. I've told you what I believe. I've told you why I


think that gold will take path number one, which will enrich anybody who has anything to do with it as the rest of the economy starts doing exactly what I told you it was going to do, which it's began doing. Now, may I tell you some headlines? Real estate is dumping. Cryptocurrencies are dumping and no one believed me. I told you this was coming. Office real estate stocks tumble as AI disruption casualties in the stock market grow by the day. Realtors report a new housing crisis as January home


sales tank more than 8%. Overall, things are getting kooky. Things are getting crazy. They're getting meaningful and negative. And you feel it, too. Not just inflation and grocery prices. I'm talking about military engagements, postering between countries, access to oil. Everything says you're going to want to own some gold. And that's not the first time I told you that. Unless this is your first video here ever, gold will be the only thing that's left once there's just a


sea of ashes and commotion and burnt out buildings. Gold will still be there. The only difference is that it'll cost you a lot more of your currency to get any of it. And if you want to have me holding your hand, then please consider becoming a Peter Leads team member. You get direct contact with me, ask me anything you want. you get a special newsletter and ad free videos and more videos. I'm going to show you the power of the YouTube algorithm. Tell me which other YouTube channels you follow for economic


content, for stock market content, anything kind of like this channel, macroevents, who do you follow? And this is the power of the algorithm. I bet you, and I don't know, but I think that a lot of you will say the exact same people. I think we all watch the same people because the algorithm decides here this is the best video for everyone and puts it out to a lot of people and all of a sudden everyone says hey I watch that guy too. So, tell me below in the comments who else you watch besides this