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 Oh, it is a long-term shift and it's it's been going on for a long time. >> You know, how do you think we got up to 3,200 and change? So, no, but gold is going much much higher. Uh, you know, I used to think, you know, back in 2009, 10, 11, you know, back when they started QE, I was thinking gold would go to like 5,000, you know, when gold was like a thousand. >> And it it didn't get there. Uh but now that it's 2025 and we've created so much more money and so much more debt than we

had back then, I mean 2 thou 5,000 is nothing at this point. That's just a pit stop on the road to much much higher prices. Uh because we have to, you know, catch up to all the inflation that we've created. So, you know, now you're looking gold could be, you know, 20,000 or more. I don't know. But a lot of it isn't gold going up. It's the dollar going down. Welcome to Gold Silver News, your go-to destination for all things economics and finance. Whether you're an experienced investor, an inquisitive

student, or just someone who wants to stay ahead in today's ever changing economic landscape, you've come to the right place. Now, we'll show you the best scenes of the latest interview. But first, smash the subscribe button, hit the like button, and send us super thanks if you find our daily recaps valuable. Enjoy the episode. Well, I mean, this is something that I've been predicting for quite some time now. It was inevitable. I always thought it would be a external dollar crisis that

would set these events in motion. I didn't realize that we would do it to ourselves. Uh but but we have >> uh we've pricked our own bubble and there's a lot of air that's going to come out of it. You know, Donald Trump looked at our huge trade deficits and just concluded that the trade deficits themselves were the problem and that they must be the result of foreigners cheating us and ripping us off. Uh well, the the reality is the trade deficits are the symptom of the problem. The

problem is here in America, and we're not getting ripped off by anybody. Nobody's cheating. Uh the the problem is we as Americans for decades now have lived beyond our means. We consume more than we produce. Now how is that possible? Well, we go into debt. We sell off our assets. We outsource our manufacturing and we borrow money and you know we get to live a standard of living that's higher than what we're really entitled to based on our collective productivity. Now it's the

rest of the world that makes that possible. They produce what we don't. They buy our assets and they loan us the money. And so what does that mean in America? Well, we have more stuff to buy at lower prices. We get lower interest rates because of all this foreign capital. And our stock prices are higher. So we get to be rich on paper because we have a high stock market. And we get low interest rates and low consumer prices. Now, according to Donald Trump, that's the world screwing us over, ripping us off. and he wants

that to stop. Well, if that stops, well, now you know the ride on the global gravy train is over. We can't live beyond our means anymore. So, we have to live within our means, which means we have to consume a lot less. We have to save a lot more. It means that uh our our interest rates go way up because we're no longer borrowing all this money from foreigners. Uh our consumer prices go way up because we're no longer getting all their stuff. our stock prices go down because they're not

buying our stocks. So, Americans are going to see a huge decline in our standard of living and a big drop in their net worth. But, I mean, that's liberation, right? That's, you know, I I I was warning that Trump was threatened to to threatening to liberate us from our standard of living and liberating us from our stock market wealth. And and you know, that's what's happened. And and it's just starting. This is going to play out uh for the rest of the year, next year. Uh this is a huge trend

that's just going to get more and more momentum. Well, gold's up over $250 in the last 3 days. Yeah. >> Right. So, we're accelerating. You know, LA two days, last couple days, we were $100 a day and maybe we'll be up again. Maybe we'll be up another 100 by the time, you know, they they they close today's trading. But what's happening and what I've been telling people was happening all all last year as the price of gold went from 2,000 to 3,000 and nobody cared and nobody was buying it

because everybody was, you know, sidetracked by Bitcoin and all the talk about digital gold. Uh, nobody but foreign central banks were buying actual gold. And the reason they're buying gold is because they're getting rid of their dollars. They are preparing for uh a world where the dollar is no longer the center of the monetary system, where it's no longer the reserve currency. And so if you're going to uh get rid of dollars, what do you replace it with? Well, gold is the most likely

alternative to the dollar. And that's what they've been doing. Although I think recently central banks are probably also adding euros. I've been telling people to buy gold uh you know, for over 20 years. When I first started recommending physical gold to my clients, it was under $300 an ounce, it's gone up more than tenfold. In fact, gold has outperformed the stock market for the last 25 years dramatically. I think the S&P is down maybe 65% priced in gold. So, the whole bull

market is an an illusion created by inflation. Uh gold lets you see uh economic reality. But really, for the first time in my career, I'm actually telling people that for for now, don't buy physical gold. Just wait. >> Because even though the gold stocks are at new 52- week highs and they're up maybe, I don't know, 15 20% this they're they're jumping finally, but gold stocks are much lower, you know, than they were a few years ago or 10 years ago or even 20 years ago. a lot of them. Gold stocks

are dirt cheap. And the reason for that is central banks aren't buying gold stocks. They're just buying the physical gold. But they buy the physical gold that the gold mining companies produce. And their profits are about to skyrocket because oil has never been this cheap in history relative to gold. That is the biggest cost for these mining companies. They're trading at singledigit multiples. Gold mining stocks have never been this cheap. Not only relative to gold, but relative to the S&P 500.

They're giving these stocks away. When you buy gold mining companies, you're buying gold that's still in the ground. And gold in the ground has never been cheaper in all of history than gold above ground. And so what I'm telling people now is look, I think gold's going higher. Gold could hit 4,000 uh this year, but that's not that big a gain from 3250. But if I think if gold does hit 4,000, gold stocks are going to catch up. That means they can go up 5x. So rather than making, you know, 25%, make 500%. You

know, by buying the gold that's still in the ground. Well, I think that there's going to be a massive loss of confidence because it's been a confidence game the entire time. But look, this is going to be a financial crisis, much worse than 2008, but it's not going to be global. It is a US crisis. It's not a global crisis that it's actually liberation for the rest of the world because they're going to be liberated from the burden of supporting a US economy. That means more

for them. You know, we've been living above our means. Well, that's only possible because the rest of the world has lived beneath their means. Well, they dawn fave to do that anymore. They don't havo produce stuff for Americans anymore. They don't have to loan their savings to America. They don't have to invest in the US financial markets. They can invest in their own markets. They can't consume their own goods, right? They can they can invest their own savings. Sour loss is their gain. And so

this is going to be a global boom. It's like agent weight has been a remove from demand. And now the global economy can be a lot stronger without having to drag the US consumer behind. No, it is a long-term shift and it's just been going gone for a long time. you know, how do you think we got up to three 200 and change? So, no, but gold is going much much higher. Uh, you know, I used to think, you know, back in 2009, 1011, you know, back when they started QE, I was thinking gold would go to like 500, you

know, when gold was like a,000 and it didn't get there. Uh, but now that it's 2025 and we've created so much more money and so much more debt than we had back then, I mean, 25,000 is nothing at this point. That's just a pit stop on the road to much much higher prices uh because we have to you know catch up to all the inflation that we've created. So you know now Yuri looking gold could be you know 2000 or more. I don't know but a lot of it I gold going up it's the dollar going down. You know when the

United States states you know was first started in 1789 um you know you only needed $20 to buy an ounce of gold. And about 130 years later, when we established the Federal Reserve in 1913, you still only needed $1.20 to buy an ounce of gold. So the dollar and gold were very stable upunnel the creation of the of the Federal Reserve. Now that didn't change until 1933 with Roosevelt and the Great Depression and he devalued and now you needed $35 to buy an ounce of gold. But that was the until 1971.$135 $135 and then we went off the

gold standard completely and now gold goes from $35 to over 3,000. So gold has gone up more than 100x but gold hasn't changed. It's the US dollar that has lost more than 99% of its purchasing power. We don't need our serve currency. We just need our serve. Money needs to back up currency. So all these foreign countries are going to use gold because that's what they used before the dollar. Remember in Breton Woods WG at the world to use the dollar as the reserve instead of gold that they were using gold. But

the reason we got them to use the dollar is that we said hey the dollar is as good as gold that's backed by gold. You can have your gold whenever you want. So just back your currency with dollars and in the meantime you can buy our treasury bonds and you'll get interest because you didn't get any interest on gold. So it seemed like a good deal. Have your cake and eat it too on gold but get interest. But then of course we screw them because we defaulted, right? Hey, we're not going to give you any gold.

You know, you screwed up. You trusted us. Um, but so the world's just going to go back to a gold standard. That's what's happening, you know, and you know, they may have other currencies in reserve, but the primary reserve asset. The discussion frames gold surges part of a deep long-term monetary set rather than a temporary reaction driven by declining confidence in the dollar and decades of debt and inflation. As this transition unfolds, gold and especially gold miners are positioned to reflect a

much broader shift in global finance and reserve assets. Do you see gold's move toward much higher levels as inevitable if the dollar continues to weaken? Could gold mining stocks ultimately outperform physical gold as this long-term reset accelerates? If you enjoy the content, please like this video, subscribe to the channel, and press the bell icon for timely updates. Furthermore, share your thoughts in the comment section. We appreciate your support, and we thank you for being with us. Don't forget to like our video and

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