I made a really fun video today this is kind of cool I went back because I know a lot of you are newer subscribers or newer viewers of my channel I went back a couple of years as much as three years back and I pulled out a couple of clips that I show you exactly what I said and you can see what I said and then what happened and then invariably you can say wow maybe I should have listened to Peter which is one of my number one comments I get when things like gold goes through the roof gold mining stocks


do exactly what I told you they're going to do then I get a comments of oh I should have listened to you you don't have to be that person you can be the one who listens to me now as long as you do your own due diligence this is not personalized trading advice make your own decisions live with the results of those I'm just trying to help you if you guys want to get more from me consider becoming a Peter leads Insider you get direct contact with me a special newsletter to go with our world famous


newsletter and you keep us ad free sponsorship free independent consider joining the Peter leads Insiders for the price of a cup of coffee I always tell you that it's a good investment approach to just always invest in whatever is the most unloved at the time what could be more unloved right now than precious metals in my opinion just about every gold mining stock is at bargain levels right now this is leading up to a situation where the market for gold is completely under supplied gold right now


is at about 1725 silver is at about just under $20 China's been buying gold by the billions of dollars per month by the ton and it got even more extreme lately really significant increas in how much gold China is just absorbing and buying up that's why gold is finally going to start to move the demand Trends are very positive people are getting gold back into their awareness for the first time and feels like forever please subscribe to the Peter leads YouTube channel say you will Thrive throughout the economic


breakdown I believe that Gold's going to have its day I imagine it's a matter of months if not quarters and if it's not quarters then it's years gold is looking pretty Lively today last I checked it was at $54 per ounce and of course Silver rodium Platinum padium they're all going up together and expect more and more of this going forward this is showing you how fast moves can happen in precious metals or anything in fact when it's so far out of line withth where it should be this is just the beginning so


if you think you're missing the boat there's still plenty of time to get on board this train I think 2023 is going to be tremendously strong for precious metals prices and I hope that some of you took my not advice but opinion that you should get into some things like Ken Ross Gold new mod mining a lot of these big gold miners because they're going to benefit from the rising prices we're going to see in Gold you're seeing the price of gold swing wildly big moves up or down dayto day now and that's


generally when you see a market at top or bottom you start to see the volatility of the underlying thing increasing it's becoming more volatile the moves are more significant in either direction but they're just more significant and I think in this case it is indicating a market bottom for gold prices and the big pain you feel won't be in 2023 but you'll see all of the seeds that have been planted for it all of the pieces are in place for this to line up to be eventually a big massive


sign significant recession or depression and here's what I'm talking about you can track how much gold is coming out of Switzerland and see where is it going and that's how you track how much gold China is bringing in with the recession that's coming in and it's going to be a big one there's going to be less Demand on everything even Commodities but gold is a play on the collapse of the American dollar which is underway right now and it's a question of how fast it happens so interest rates have had six


increases this year so far with another one to come in 2022 and during this time people think that's bad for gold and during this time gold has really started to move lately and I'm saying that it's got a lot more to run higher and it's just getting started right now the American economy is in such worse shape than anyone overseas is recognizing and when everybody figures this out so too will gold and I'll show you some charts s the sources of these charts is tradingeconomics.com


here are the gold reserves that are in Russia right now and you can see for over a decade they've been buying aggressively you don't have to worry about gold gold can worry about itself it'll take care of itself the lower the price of gold the more demand and the more mind shutdowns the more constraints on Supply the more demands on demand and in the last 10 years all the bricks nations are dramatically Ally increasing their gold Holdings people forget what precious metals are for what they're


about and they're going to be reminded in a big big way and I've told you before with my whole philosophy on this two words just wait if you're worried about gold prices right now just wait after a long time of being unloved gold is finally starting to wake up and you're seeing this possibly caused by the rampants buying the China is doing in preparation for their new Reserve world currency that's back bu gold if you look at anytime there's significant inflation stocks do well paintings do


well houses do well but they don't really do well they just increase in how many dollars it takes to buy that same asset but you're no better off that's where a lot of people sort of don't understand how serious this is or how they're kind of getting screwed over a bit they don't really recognize they don't feel the actual diminishment of the purchasing power of their currency but here's the thing that confuses me and scares me a bit gold is a good hedge against inflation yeah you know that but


gold is also a hedge against War Global insecurity it's got a price premium a war premium put onto it the price goes up when economies and countries are in chaos are fighting with each other Swiss exports of gold to China in July Rose to their highest level since November 2016 according to Swiss custom status Switzerland shipped 80.1 tons of gold worth $4.4 billion to Mainland China during the month the 21st century World economy has been one of Fiat currencies paper money backed by nothing other than


a country's exports and their laws if the bricks countries are amassing gold as a way to return part of the world to a gold-backed currency as was the case in the post World War II status quo until 197 1 it would force the West into taking a position of fiscal and financial austerity that it hasn't been forced to endure for a long time gold goes up in inflationary periods it goes up in deflationary periods but just in each situation it's for different reasons South Africa and Brazil also


added small amounts to their National reserves over the last decade and interestingly s Arabia doubled the Kingdom's gold reserves over the last 10 years India not to be forgotten doubled their gold reserves but the main reason that I personally like gold mining stocks very much right now is because their profit margins are very tiny at the price of gold so if they're making $10 an ounce that they extract and sell and the price of gold goes up $20 more then they're making $30 an ounce they're


tripling the profit margin from a small $20 per ounce move in the price of gold that's why I think that gold mining stocks high quality ones that don't have a tremendous amount of debt those companies with big proven reserves in the ground these are the ones we talk about in the newsletter I believe that's one of the biggest opportunities right now there hasn't been a gold standard anywhere on Earth for 50 years and it's a stretch to imagine that there will be one yet it's believed that paper gold


outnumbers physical allocated gold on balance sheets by 400% by buying as much physical gold as possible the bricks nations may be actively removing paper gold from being turned into physical gold by Western Banks once it gets going and this is what's happening is this starting to wake up a bit and as it gets going from this point it will go up a lot higher for a long time and start doing some of the things that I've been expecting for a couple of years now but while oil is breaking down


do you think that maybe gold is starting to break out it is just slow because it's waking up and once it gets going it'll go and that's going to be very rewarding for anybody's invested in gold mining stocks or anything related to the price of gold or silver and since I released that video to you the price of gold has gone up about $150 per ounce that was a month ago but what's performing even better than that as I explained in this video is that the gold mining companies will perform even


better on a percentage basis than the increase in the price of gold itself and if you're ever wondering if I put my money where my mouth is I told my daughter to buy some gold mining companies told my father I told my friends I do it myself as well I'm either wrong or early plenty of the time but I'm always only telling you what I truly believe will come to pass and gold presses have broken $2,000 an ounce right now they're at $227 but I'll reiterate that this is the beginning of a move not the end of a


move there will be dropbacks the Press gold might drop back below 2,000 an ounce again but it will continually produce higher lows and higher highs as gold demand continues to rise worldwide and even just the understanding of what gold is and how it operates and how it's going to help people protect their assets during a time of economic chaos that's all going to be a win in the sales for gold I always tell you this channel is about your economic survival one of the ways you might want to try to


economically survive is by owning some physical gold and silver and definitely look at getting some exposure into highquality gold mining companies I believe that they're going to perform incredibly well going forward and they're one of the best opportunities of any kind of investment that I see right now in my opinion please subscribe to the Peter lead's YouTube channel so you will Thrive throughout the economic breakdown