gold news

 hey guys there's a few really relevant and important things I want to talk about in this video that are pretty significant will probably affect you directly also I apologize for the construction mess we're almost done we're but halfway through so I guess that's almost um but I'm doing most of the work myself so it's taking a while I'm really enjoying it but it'll be cleaner next time on the video how can you say that the economy is strong when it's fueled by government debt to the

tune of $2 trillion a year deficits that's not strength that's an illusion what I want to talk about is I'm taking a part out of a David Lynn interview I saw the other day with Frank JRA he's a wonderful Canadian he started a lot of the gold mining companies that were invested in and I'm taking out one part because he said what's going on with gold prices right now with the mining stocks so I'm going to try and get that and put that in this video by the way I'll put a link to the entire David ly

Report interview with Frank JRA at the end of this video and in the description below I strongly strongly recommend that you watch the entire interview it is one of the best interviews I have seen and I watch a lot of them one of the things a lot of you been asking about is why is silver not doing really well when gold is making alltime new highs and this is an opportunity because of there's a silver deficit every year the world produces from all the mins produces about 825 million ounces but as a planet we use about

we're expected to be using up to about 1.2 billion ounces of silver and you might say what about all the reclaimed silver or scrap silver that we use recycled that'll come out to about total 180 million ounces so you still got a deficit of several hundred millions of ounces of silver every year and that is going to reflect in prices and prices specifically of silver mining companies like a few of the ones we told you about in the Peter Le's newsletter So when you say that the US strength has been consistent for the

last few years yeah because us jacked up its interest rates to 5% uh and has led the world in terms of interest rate hikes and that attracts investment like treasury bills Investments and that's all fine but you have to measure the only true measure of currencies is a currency against measured against gold silver will have it stay just as I told you that gold would have it stay when people didn't believe me anymore because it was taking so long and I've been saying it for so long and now here we are and I'm telling

you other things are going to happen next such as silver prices will catch up they'll start performing more like gold but not yet not very soon but it will happen and there's going to be a massive Boomerang trade or benefit profit coming from Silver mining companies the only thing you got to put into it is a little bit of knowledge a little bit of money and a whole ton of patience I I don't believe believe that the US economy is as strong as they would like to to have you believe and you can't you just got

to look at their fiscal situation it's a it's very problematic those are very very big numbers and here's a screen grab from Silver Institute it's a chart of the top 20 countries for silver production starts with Mexico China Peru Poland and Chile and United States of America is number nine Hey listen I'll give you two other statistics since the turn of the Century since 2001 gold has outperformed stocks and bonds since 1971 to the present gold has outperformed uh gold has gone up 5700

per the Dow jnes D Jones has gone up 4,00% and we hit an all-time record again with gold and a big part of it is that there's trading windows in any stock any commodity there is about 80% of the gains and about 20% of the time and that's exactly what just happened with gold last I looked it was at $2,166 do you remember not that long ago when people are saying oh is it going to be able to break through 2,000 are we going to reach 2000 and it was a big deal that was like weeks ago now gold is

just simply not looking back it's gone up about $166 an ounce in a month here's a one month chart here's a one-ear chart six month chart three month chart and every look you take about the trading activity of gold it's just showing you that it is continually increasing in price and again I'm going to say to you it doesn't matter what you're rooting for the question is should you be putting your money to something that will protect you in the event of an unraveling that's you know that's that's

the question and I always warn you about things that are going to come next and one of the things I've been talking about that is taking much longer than I expected was for home prices to decline but now we're starting to get some indications that what I've been saying is coming this whole time is finally here I was right in Canada I said do not get into real estate in Canada and it came down pretty significantly now but United States of America is what we're talking about here and if you take a

look at the killer home price index or chart of the single family home prices these are from Trading economics you'll see that we're just starting to Crest at the top before in my opinion what we're going to do is come down pretty significantly in real estate prices I'm also looking around the world and there's so many red herrings or wild cards in the mix that are so significant including especially War this is a very different gold rally it it's happening without any explanation and and and it's

not about what Paul said the other day or about interest rates about it's not about the dollar there's something going on that's very profound and I don't have the answer I can I I can speculate and there could be a a whole bunch of reasons but this rally is extremely different and I've been watching gold my entire adult life and what's happened this this last week is unexplainable but inflation is even showing signs of bouncing back again as it's going to do as I told

you but always look at it from the perspective of the entire world there's countries all over the world that are having problems with inflation they're having incredible problems paying back US dollar denominated debts as long as the US dollar is so strong speaking of which I'd say too that that is also what's going to come down next the US dollar we're going to have a dollar crisis there's no way around it if you think about the setup that we in where there's all these debts

that have to be repaid and we just keep building them and building them and building them no one is talking about what's going to happen except for me for the last 10 years it's not it's very different than every other rally that I've ever seen and it's happening almost at an uninterrupted Pace marching its way forward a couple hundred bucks an ounce and no one can explain it and I my guess as we'll find out down the road what happened but it I'm I'm certain it involves geopolitical players