The Return of the Gold Standard (This is WHEN and HOW it comes back!)
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- The return of the gold standard. In this video I discuss when and how the gold standard comes back! Silver and gold are no longer a monetary standard. Our fiat dollars are not backed by gold or silver. But it's coming! I talk about Donald Trump's desire for a gold standard, the federal reserve, deflation, stagflation, hyperinflation, the petrodollar, fiat currency, our economy, stacking precious metals, a dollar collapse, and what China's gold reserves and mines mean for America.
I stack silver and gold to hedge against our debt-fueled, fiat currency-based economy that I am convinced is in deep trouble. Consider stacking silver and gold yourself to help you build and preserve wealth. And thank you for watching Yankee Stacking!
Tim Marschner
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#YankeeStacking #StackingSilver #SilverStacking
We WILL be going back to the gold standard under Trump
What year is this comment from?? 😂
@@YankeeStacking 2022 the same year Trump will return. Save this comment so when it happens I’ll be able to say “I told you”
@@evelynr.7596 Give me a year that you believe you’ll be right. 2024?
@@YankeeStacking no 2022 Yes that means within the next six months
@@evelynr.7596 Oh, you are sadly SOOOOOOOO delusional. Ima keeping THIS comment!! 😂
Gold will destroy the FED
Thanks for the comment! Appreciate you watching my video. 👌🏼
@Kayne Fryday As I say in the video, Kayne, there IS. The PRICE would just have to spike way up to compensate. TFW.
That would be nice!
Q
congress passed the fed act they can repeal it.
Gold Standard is like building real muscles without steroids...slow but stable and healthy
wish I could really afford to buy gold. So I will start with silver.
The problem is that whenever gold miners find more gold, it adds to the supply and causes gold-backed currencies to lose value. Other times, a country’s economy may be doing better than others and their currency could be in high-demand, yet they don’t have as much gold as a poorer country. That throws off the global economy. In such instances, the value of gold becomes ignored.
Your comment shows how ignorant you are 😂 you don't understand economics . Stupidity 😂
“Gold is the standard but silver linings are pretty great too.” It’s coming.
😂 Thanks for the comment! Appreciate you watching my video. 👌🏼
White House portraits of Clinton and Bush were replaced with T. Roosevelt and William McKinley - Roosevelt was known for breaking up Monopolies and McKinley signed The Gold Standard Act of 1900 - hmmm...
Tim Odum Hmm indeed!
We are going back to gold standard, thank you POTUS! 🇺🇸💪💜 #NESARA #GESARA
Will silver hit over 4k an oz? Is it possible?
so why didn't you vote for Trump if you're a patriot and wanted this nation to succeed? I feel like the only reason you wouldn't vote for Trump is if you were anti-Trump. Otherwise, everything he stood for is exactly for the nation to succeed...
I didn’t realize there was a difference between “gold standard” and “backed by gold”. Very informative video. Thanks for sharing your insight and wisdom Yankee 🤗
I learned a thing or two as well, my friend! Great to see you here. 👌🏼
No it's not it's hype the gold standard has failed miserable everytime it was used even ancient Egypt used wheat for currency don't be a retard
Those gold eagles are beauuutiful!
Thanks! I think so too. Thanks so much for watching my video and leaving a comment! 👌🏼
Monetary financial responsibility from our elected officials. Hahaha Don't make me laugh.
Good job Yankee!
Thanks, my friend!!👌🏼👌🏼👌🏼
A gold standard would certainly adjust many hyper inflated items back to a reasonable level
Possibly. Thanks so much for watching my video and leaving a comment! 👌🏼
I believe that the Gold Standard will come back this decade.
It could, but I doubt it! Thanks for watching. 👌🏼
More like this year.
yeah its the end of a system
Never going to happen. Gold is archaic and will never be used as currency again, unless there's an apocalypse situation and civilization is set back 2000 years. Digital currency is the future, like it or not...btc🚀
I prepare within my limited means. I prefer gold/silver to USD, for saving.
Good for you! Thanks so much for watching my video and leaving a comment! 👌🏼
I want to start my own currency. It will be made out of toilet paper and fancy colors. Lets see if people will use my money.
gold and silver standard means fair priced silver $2,200 gold $12,000
I agree!
Why
Wouldn’t we want (silver like at least $6/7000 gold $12,000)?
@@riteshmahajan7170 sorry man you are wrong by x10. Come the next crisis (started now)The USA must balance books at some point to keep in control. Formula is simple...
Assets + gold = debt.
3trill + 8,000ton of Gold = 29trill
Therefore Gold reprices = $95,000 per oz.
And silver priced accordingly.
Let's say 50:1 gives silver $2,000/oz.
Now all that assumes Fed stops printing today... Like that's going to happen 😅.
Hold gold not for profit, but to ride the balance sheet revaluation excise. It happens every 40-50 years. We are over due (1971).
Silver $2,200 an ounce you mean?
The world IS going back to Gold ... as are we ... you'll see. ;)
Unless cashless society comes around. Digital.
We shall see! Thanks so much for watching my video and leaving a comment! 👌🏼
@@YankeeStacking gold will however skyrocket just like silver.
Leif C. I think BOTH will skyrocket!!
It might but the same thieves will be in charge of any new gold standard so it will be pointless
$46,000+ in gold in front of you. Must feel pretty solid! 👍
It does give some sense of security! Thanks so much for watching my video and leaving a comment! 👌🏼
And going up and up... LoL 😀
@@tho464 they weight more than an ounce so they are more durable to physically handle. when melted down there is a full ounce of .999 gold within the ASE.
@Rich Stevens That will be the value of 1 coin NEXT YEAR!🤔😳
Terence Howard no worries Brother, we are all trying to get our learn on. I’m glad I could help you on your journey. My PM fascination started a year ago and I knew nothing about coins etc. Stay sharp!
The Nose knows. Vote, “TheNose 2020” Awesome Yankee. Get goose bumps every time I hear “gold standard.”
John Stuart Leibowitz, makes me want to wrestle with God. But my hip already hurts.
The global elites are in both sides in the end.
HAHA Me too! Thanks so much for watching my video and leaving a comment! 👌🏼
Yankee - was that like $40K of Gold just quietly resting in the background?
TRUMP 2020
The word "fiat" as a Latin (ancient Rome) word. It means like: "let there be..." So let there be money made out of nothing - fiat money!
Also let "money" be done and disappear along with dollar debasement lol
albertanalyst123 yeah that'll work
Thanks so much for watching my video and leaving a comment! 👌🏼
@@YankeeStacking I thank you for your great job on YT, for making precious Metals more popular and teaching and telling the whole world what real money is.👍Keep stackin' folks.
Best regards from Germany
😸🙋
Good vid. I too am an independent, and that’s why I voted for Trump because he wasn’t a politician. I’m glad.
Trump sure wasn’t a politician! And that was definitely a big plus for him. He’s made up for lost time, however. 😏
Yankee Stacking i’ve always understood that the presidency was like running eight of the worlds largest companies as a CEO… The governments around the world have all but turned into corporations. God bless brother
It doesnt matter what president we have the fed doesnt want to lose power, all their presidents make everything work for the Fed and the owners.
Marco Rodriguez power was given one time and it can be taken again.
I don't believe the banks would allow losing their massive control which comes from the fiat system without using THEIR clandestine operatives to spark a war. If people want and try to push for a sound money system then be ready for war. People aren't going to be willing to war over monetary policy until one, they understand its importance and two, they are reduced to substinant living. People are going to be willing to accept the minimal degree of freedom and live in quiet desperation. The US as well as the rest of the world is philosophically bankrupt and there ain't no hope until a conscious objective philosophy sweeps nations into the right direction
Thank you for educating on the difference between “the gold standard” & “a gold backed currency”. I never knew there was a difference.
I learned TOO! Thanks so much for watching my video and leaving a comment! 👌🏼
The coat and claim check analogy is the best gold standard description I’ve heard. Well done
I'm commenting again as I've watched this 3 times. IMHO this is the best video you've put out to date! Keep up the good work! ✌️
AW!! Thank you SO MUCH, Goldcic Vibefel. What a kind sentiment. Appreciate it!! 👌🏼
I think that was the most simple video I have seen on basic economics. If someone watch it, and couldn't take some knowledge from it, then it is hopeless for them. Clear, slow, and well put. That being said, there is obviously more to economics then what was put forth in this video but you broke it down better then any of my economic professors ever did in H.S. Thank you sir.
Oh oh, here she comes. Watch out boy, she'll chew you up. Oh oh, here she comes. She's a Gold Standard!! Lol.
HAHAHAHAHA!!!!!! Great one! Thanks so much for watching my video and leaving a comment! 👌🏼
@@YankeeStacking soon as the bell goes off, I'm right there watching your newest video always. You have great content that will literally save people's life in my opinion.
So Bitcoin is essentially "Fiat" declared by the owners rather than the Government.
Its coming, the only question is when brother!
When indeed!! Thanks so much for watching my video and leaving a comment! 👌🏼
I agree!
Wouldn't other countries hoard gold if that happens?
@@YankeeStacking I can't wait for the gold standard to come back. God bless Judy Shelton and QANON. "The gold will destroy the FED". Beautiful gold coins you have there.
@@angelarose249 keep pulling on that thread buddy, you are getting warmer 👍🏻
What happen if a country has no more gold.?? ..what happen to their fiat currency?
I can't exchange my gold to fiat currency who has no value. It is a common sense.
They def won’t just give up the dollar without a fight. The world would have to force us on it.
Brandon Hargis not yet not enough aware people
The dollar is how they have as much power as they have. They can print as much of it as they need and buy as many weapons as they need to control assets all over the world. Returning to the gold standard would cripple their ability to tell others what to do.
The fight will be HUGE!!! Thanks so much for watching my video and leaving a comment! 👌🏼
Luck Of The Irish basically there is no way in hell a central bank would give up control of money creation. That’s so much generational power. You essentially control the world. Having gold means you need honest spending
The dollar is literally burning before our eyes.
Im from Philippines and i am waiting to implement the wealth for humanity. The gold standards will return very soon.
The “trust” factor, in my opinion, will determine when the dollar is pegged to gold, in some percentage, ie. 10%, 50%, etc. and yes global currencies will have to be involved. No trust, no acceptance of fiat currencies.
No trust, no hope. Thanks so much for watching my video and leaving a comment! 👌🏼
Wish I could just pile up 22.25 ounces of gold on my table haha, the value there is more than my entire silver stockpile and I've got over 1000 ounces of it... keep stacking and keep these vids coming. I love hearing your views and opinions on the gold standard
Wanna see what happens to GOLD and SILVER after the 2020 elections?? 🤷♂️ Must see THIS ➡️ th-cam.com/video/dTg_N0WpDTY/w-d-xo.html ‼️
I don't know what will be coming ,,, I've heard the " digital dollar " ,,,, regardless ,, for every 100 ounces of silver that I get , I buy 1 ounce of gold .
I've got bars rounds and coins ,,, I dabbled in platinum and palladium but I never got much of either .
I don't know ,,,when it comes time to sell ,,,, what do I ask for because supposedly the dollar is going away ??
Digital dollars ??
Swedish Kronars ??
Chinese yuan ???
Or are we moving into a point in time ,,, that we can't or should never sell ???
Sorry ,,, I'm just confused and scared to lose it all .
gold, silver and copper
Value and jurisdiction it's an important word gold implies common law and personal sovereignty whereas Fiat implies military jurisdiction dictatorship and Fiat currency as well as personal enslavement. Dejure in the common law defacto in the military democracy
@@Jblast252
Don't forget lead.
Problem is the FED is not owned by or part of the US govt it is a private bank.
You are RIGHT!
Illuminati devil worshippers that sank the titanic because it had politicians who opposed there takeover
yeah I mostly agree with what you said at the end, I do think it happens much sooner because of the current environment. I also would add you left out one of the most important things which is consumer confidence...see when the hyperinflation (that is coming in 2021) kicks in people will panic the dollar will crash the market will crash (which is being falsely held up) and gold/silver will rise (which is being falsely held down) when people realize all that they will have zero confidence in a new fiat currency unless it is backed by metals IMO. when that happens then the rest will likely happen worldwide and if you calculate the primary powers M1 money supply (as of now but they are all printing like mad right now) and take the current gold reserves held by those countries if you back currency by 40% with Gold it would need to reset to $15,000 if you backed 100% it would be 50k I suspect the former would get it done but none of us know and only time will tell and you are right just keep stacking.
Great comment! Thanks. 👌🏼👌🏼
I think you answered it already. They can't manipulate a gold standard. Gold prices would have to plummet and with big banks holding lots of gold, that won't happen. Dollar change yes, but it would be something that would benefit them not us. Just my opinion.
I think that gold price would go ballistic. Thanks so much for watching my video and leaving a comment! 👌🏼
Great time to be a stacker!
It sure it!! Thanks so much for watching my video and leaving a comment! 👌🏼
God back to the Gold standard. That Would Be Wonderful.
Thanks for watching! 👌🏼
Amen we Will See Seacret Agent45 Sam God Is Control And Our Valiant President Trump May Our Great Nation United States Of America Be Blessed And May We See This Come To Pass Soon Happy New Year And May Gods Love On You And Your Whole Family In Life’s Journey With Much Blessings And Prosperity Amen. !!!!!!!!!!!!!!!!!!
Nesara gesara ,it's happening now
Mmmmm, not quite. Thanks so much for watching my video and leaving a comment! 👌🏼
Great bunch of video that explain what is to come. th-cam.com/video/-SQQ4MulJ28/w-d-xo.html
Those gold coins are beautiful
As I watch this video gold is at 2060 and Silver is at 27.19, crazy times Yankee! Returning to the gold standard is never gonna happen, especially if other countries have to adopt it as well. Not enough Gold to go around!
@@MaMa-st2eg there is enough gold, countrys with budgets dont want gold because it means they can only spen what they have. With Fiat currency they can spend till they are broke, then print more and spend more. Gold and silver are equality and responsibility, they benefit the individual and lead to prosperity
Crazy indeed! Thanks so much for watching my video and leaving a comment! 👌🏼
I keep hearing people say that they wouldn't want to live in a world with $10,000 gold. Well, gold went up over 20 fold in the bull market that ended in 1980 and the world didn't fall apart. I think $10,000 gold is very possible and highly probable. Bitcoin went to $20,000 before dropping back around $10,000 and we don't live in a mad max world.
Thanks for the comment! Appreciate you watching my video. 👌🏼
i never thought about it like that, that for all nations to back it it would need to be 10k an oz...very informative
RIGHT??? Keep stacking, Syndicator! And thanks so much for watching my video and leaving a comment! 👌🏼
six months later, still printing, borrowing, stimulating. I buy metals with my stimmies.
We need to switch to the GOLDBACKS!!!!
I was thinking about getting a set of those. The problem is I wouldn’t actually use it as currency unless they were prominent in my area. Ima just hold on to them.
They're sponsoring my channel soon. Stay tuned! Thanks so much for watching my video and leaving a comment! 👌🏼
Oh yeah I wanna buy a full set so that once we do switch those instantly become historically collectible! Plus it’s a gold laced bill like how much cooler could it be!
I am of the mind that goldbacks are just a shinier fiat, and against what we stack for. Not for me. Bullion is my play.
@@N8palmDeath It's not fiat. It incorporates physical gold into the bills.
I will not get surprised if gold touches US Dollar 3,000 per troy aounce in coming 12 months. Future looks very much clear that currencies will be backed either by gold or silver. All fiat currencies or unbaked digital currencies eventually fail in the long run.
Thanks so much for watching my video and leaving a comment! 👌🏼
Nice amount of gold!
Quickly becoming Unattainium! Back when Yankee got his gold coins, I bet he could have never imagined he would become TH-cam Famous showing off his stacks 🤑
I never even CONSIDERED being a YT Content Creator in 2009! 😂😂😂
Gold, Silver and XRP thats what I'm stacking
You put out so many awesome videos. Thank you bro.
I appreciate that! Thanks so much for watching my video and leaving a comment! 👌🏼
For the U.S. to revert back to the gold standard it would have to devalue the dollar making all imports much, much more expensive and not desired by other countries as it is today.
I will just leave this comment right here. Can fix the debt IF they HAVE the gold....... currently on the books at $42.22 per oz. A revaluation to $10k would do it, or at least set the record back on a reasonable course.
Thanks so much for watching my video and leaving a comment! 👌🏼
Picture a revaluation with less debt. Less currency to account for
Finally a TH-cam video that shows there is a difference between gold backed money and the gold standard! One thing to add, the standard was an exchange rate mechanism that worked because gold did not back the currency, it was the currency. One last point, to return to any form of monetised gold would require that governments regulate the supply and price of gold. Think what that means for stackers.........
Glad you enjoyed it, Simon! Thanks so much for watching my video and leaving a comment! 👌🏼
I like this recent format style of videos Yankee. Great work! I do have to disagree with Tim relative to China and gold. I don’t think China has much sovereign gold at all. Besides the fact that the CCP has zero transparency, the history of Chinese industrial ventures abroad is a total disaster. Oil and gas in Venezuela and Brazil was a total wipeout for them. And I think it’s the same for resources in Africa as well. Maybe they have some production of cobalt and some quantities of REA (from African children digging in the mud with their bare hands) but gold? I don’t think so much. Those mines are not modern or efficient and the Chinese are not competent at managing third world labor in conflict zones. Additionally those African leaders are massively corrupt as are every link in the chain below them. I would be surprised if these ventures in China were breaking even. Lastly if China has so much gold then why are there numerous fake gold scandals coming to light in the mainland? Billions in fake gold representing double digit percentages of the alleged State gold reserves. Like Pompeo has said with China you must “distrust then verify”. And about a return to a gold standard. Well America had a silver standard for 100 years and it worked fine. Even into the early twentieth century you didn’t have real money unless you had a horde of silver. And way before that silver was the metal of trade commerce and trust. I vote for a silver standard because that is the one of the only ways the mass of regular people can own and trade real value. Silver has a long list of use cases. Gold has like two. Silver for the people! 💯
Great comment! And I’m glad you like the new format. However, I’ve studied the use cases for both gold and silver and believe it or not, gold is actually better than Silver.
I have an engineer for a brother-in-law and he says anything that Silver can do from an electronic standpoint gold can do much better. It doesn’t have the tarnishing aspects that plague Silver in that industry. However, gold is more expensive so Silver is sometimes used as a cheaper alternative. But almost anything Silver can do, Gold can do better! 👌🏼
I've questioned Chinas amount of gold ever since they sent some to other countries and the bars were fake.
The conductivity of silver is nearly 1.5 times higher than gold. 6.3 vs 4.5. Gold is not only too expensive to be used in most electronics it’s not necessary as corrosion is easily prevented by product design and simple things like laminating circuit boards.
In the aerospace sector. (I’m an aeronautical engineer for over 20 years) the highest power density batteries are silver oxide chemistry. These batteries are super light and last a very long time. The only gold used is maybe plating on contacts (rarely). Even the bolts on the engines of every airliner are plated with silver as a low friction heat resistant coating!
Additionally gold does not have the anti-bacterial or anti microbial properties that silver does. Silver is woven into the fabric of clothes to prevent bacterial growth. In Japan the Tokyo metro department is using silver spray to kill the beer bug on train cars!
Silver is the best reflector of visible light so it’s used in consumer industrial and military grade reflectors exclusively. The only reflective application I can think of for gold is coating of space suit helmet visors. A very, very narrow application.
Silver chemistry is essential for industrial photographic films. Yes films are still used in medicine and many other industrial imaging applications.
I don’t think there would ever be a time where gold would be used in things like photovoltaics. Too expensive, less efficient and nearly twice the weight of silver. Same thing goes for solder and brazing. Yes there is gold brazing, but it’s almost exclusively used for jewelry which is gold’s main consumer application.
Bottom line is that modern life on earth is as dependent on silver as it is on oil. Gold has two significant use cases; monetary metal, and jewelry. Silver was a monetary metal until 1964 and it’s use since then has enabled most of the technological progress of the modern world.
@@jwholmes2 thanks for articulating this as I have been mostly aware of the less distinct delineations between the two metals, but knew silver had numerous points of superiority as compared to it's counterpart.
@@YankeeStacking Better? Only when eyes are closed to the cost benefit ratio. absurd.
Wow Yankee we are identical I our thinking and more am so happy I became a member of your site.
awesome video Yankee imma keep stacking as much as possible i dont put all my faith in paper money,i wud luv to use metals for transactions
Thank you, frugalStacker! 👌🏼
Just a clarification Yankee, the Bretton Woods agreement of 1944 established the US dollar as the world’s reserve currency based on 40% of the nominal value of an ounce of gold
Thanks for that clarification, Gary! 👌🏼
i would love to hit 10000 an oz so we could go back to the standard but the whole world economy would collapse. Which might be good and we could start over
Thanks for watching and for your support. Appreciate it! 👌🏼
This is why you need 3 jobs and side hustle now to survive. It will only get worse. The system collapses if constant expansion doesn't continue. However, this is all done at the expense of your quality of life. Remember, 1950....stay at home mom with 5 kids and the Dad working supporting the entire family....The fiat is a tool of control.
Great video 4 sure yankee
Thanks for the comment! Appreciate you watching my video. 👌🏼
I think the reconning of US reserve currency status is coming. I think gold and silver will be a hedge for the markets in the future. If the dollar does collapse, then gold and silver will still be valuable to someone on the global market.
Thanks so much for watching my video and leaving a comment! 👌🏼
The problem with a Gold standard is he who has the Gold, sets the standard. One of the main reason's Nixon took us off the Gold standard is because of the Foreign countries exchanging the dollar for physical Gold. That started back in the late 1950's and when Nixon removed us from the Gold standard, in 1971, it was because our reserves had gone down around 50% from the exchange with Foreign countries. Also, the Governments official price of Gold is $42.22 per ounce. Kind of interesting, don't you think? Lot's of interesting history in our monetary system. We had four President's assassinated who dared to try and make changes too it.
40$ in 70 is 2k today
Thanks so much for watching my video and leaving a comment! 👌🏼
@@myes344 : Status Report of U.S. Government Gold Reserve - Current Report
www.fiscal.treasury.gov/reports-statements/gold...
The need of the gold system is not a punishment or karma it is simply a "Learning" for us the people, so next time we decide to substitute gold for spending WE the people think it twice.
I told you we was going back to the Gold Standard....
Did you watch the video, Carl? 😂
Yes...I did...and we have the Gold to back it....Gold will be revalued and Silver also Platinum to back our New Currency. President Trump and with Judy Shelton already had put it into place. Check out the Gold price on July 4....all day it traded at 1776 a oz....Wealth back to the people...and he will get that tax holiday He's looking for. Trump 2Q2Q
@@CarlESmith-uo9ww only after 2022, fed cherman must be changed...
WWG1WGA
Man I finally got what the reset will be thanks so much I finish my investigation which was very long
And silver has infinitely more intrinsic value than gold
We’ll have to agree to disagree there. I stack both for similar yet slightly different reasons.Thanks for the comment! Appreciate you watching my video. 👌🏼
can you explain that ?
Андрей Иванов Silver as a more speculative play and for small item barter. Gold for a more insurance play and larger barter. 👌🏼
@@YankeeStacking Hi Yankee, thanks for reply, but I was actually wondering what Dom1118 meant when he said Silver has more intrinsic value than Gold. If you have any thoughts, I would be curious to see what you think about that as well.
@@kagura222 Well, since I disagree with Dom1118, I'll let him speak for himself! ;)
Yes Sir. I am an Independent as Well. I wish whomever Well if they gone do it Right and Gold Standard is Respect even though I’m More Silver stacked on my Ranch. This Storm gone be Ruff.
Thanks for watching! 👌🏼
I don't see us ever going back to a gold standard...and it's not a requirement of fiscal responsibility...but greatly helps to ensure it. It puts rules to the financial game! Of course...the US has a stronger hand than most, so it may not behoove us to play that game.
We are in a transition period and it's going to be very rocky...end the end I think the US wins and gold/silver win. We have all the leverage, and are making moves to keep it that way...if we pack up and go home -- then everyone loses, but us the least.
Having an international reserve system based on some kind of SDR is about the worst thing that could happen for the US, and we won't stand for it. We will see it coming, as in modern times a reserve is not just a denomination (like USD or Gold) but an entire system -- that takes time to build and put in place.
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Making currency backed by gold again is a horrible idea. Definitely not the solution to inflation IMO
Cute masks there, "men!" Conformists.
I conform to intelligence. I’ll continue to wear my N95 respirator (not a next to useless “mask”) as I see fit. 😏👌🏼
The ruling class wins in the end. They fund both sides and we're just the helpers.
as a biz owner he may feel some esp older and aware folks wouldn't do biz with him if he didn't wear it. thankfully my lcs doesn't require it
Terence Howard not a trumper. i have my opinions and should have the right to behave how i see fit according to them, but you support govt overreach and you think anyone who thinks different than you is a trumper you are not worth my time.
@@syndicator5193 👏👏👏
reject Keynes, embrace gold
Good morning Yankee! Have a great day my friend. Markets are on the move!
WHAT A RIDE!! 😂👌🏼
If currency can be backed by nothing like it is now what is to say our currency can't become MORE valuable then the gold its backed in. dropping the gold standard makes no sense logically if the money can exist in a vacuum like its current state.
Thanks for very informative video! I don't think with the current people that are in power that we can return to a gold standard. They want more control, more money printing. Poor became poorer and rich became richer. With the gold standard they can't enjoy such amount of control.
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Countries currency directly linked to Gold and silver. Not only gold. That's gold standard
Virtually impossible to go back to the gold standard at this point not enough gold in the world to back money and people.
I’m stacking silver and gold. Nesara & gesara it’s here
LET GOLD STANDARD BACK.
NOT ONLY FOR ONE NATION BUT FOR ALL HUMANITIES.
THIS IS THE DIVINE WILL.
GODBLESS US ALL.
Thanks for watching! 👌🏼
great video, very informative without upsetting some people. However, the estimated gold price should be between 15k and 50k /oz, depending on how much dollars get printed.
Thanks Bart! I can see those valuations! 👌🏼👌🏼
I've started stacking 1oz silver coins not for a long term investment at the moment as they're rather expensive, but rather for something to barter/trade if Sterling (UK) crashes in the next year or so.
Good move! 👌🏼
The Gold Standard is now waiving 👋😉
Divide the amount of ounces of gold in the world by the total amount of fiat currency in circulation globally to give you a gold per ounce price and there's your gold standard then tie the price to a digital currency.
BOOM! There it is. Thanks so much for watching my video and leaving a comment! 👌🏼
I don’t have a lot of desire to return to a gold standard. Right now we’re flying under the radar of the currency regime because gold isn’t considered money, it’s thought of as a commodity. Once it becomes money again, the government will suddenly become interested in how to get it...again.
That's an interesting thought. I like flying there too!! Thanks so much for watching my video and leaving a comment! 👌🏼
I think it’s going to come faster than you may think we are on the brink from what I can see, how about the QFS? Getting rid of the CB the Federal reserve, the IRS, this is a very possibility, what’s your comment on this?
With all due respect, "You got me with the stars and stripes and gold." AWWWWWWWWW
LOL! Thanks Marshall. True Patriots!!! Thanks for watching. 👌🏼
We should go back to gold standard currency to have a fair life.
The Fort Knox Gold Was Recovewred in 2018, & Trump Struck a Deal with India when He just went there recently, Goods For a good portion of Gold to help Back up The Gold Standard Currency We will have soon, Gotta give the guy some freaking credit, I think, we will. You are Super Smart too, Yankee, God bless! & Thanks for your Input on all of this.
We shall see! Thanks for watching! 👌🏼
I concur with your estimate. Ive told multiple people to mark my words that the US dollar will not be the world reserve currency by 2030. Probably a basket of currencies and commodities to make the playing field a bit more fair for all involved around the world. We in the U.S. have been spoiled with the unfair advantage we have held for the last 50 plus years. We are going to have our standard of living drop to more of the world average after the reset event happens.
Thanks Truk! Let's hope we're wrong but prep like we're RIGHT.
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What u displaying is actually more than what I had entirely lol
🤷♂️ Thanks for watching, Kenji! Appreciate it. 😊👌🏼
The idea of America keeps the Dollar alive. If the idea dies, so does the dollar.
It’s dying before our eyes.
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The governments of the world do not want a gold standard.... It will limit what they can spend. BUT what is more likely they will set a price at which they will buy and sell gold, and it will be significantly higher than it is today... but not its true value....
I don't know the future. However, the Reserve Banks around the world as well as the Big Banks are stacking gold and the Bank of International Settlement has recently declared gold as a risk free asset that the Banks can hold without incurring risk-based capital charge. This indicates that it is a good idea for people to also stack gold.
I totally agree, my friend! 👌🏼
You can't have a gold standard unless the issuing party (the government) has the gold to back their currency. Even if the U.S. government had all the gold it claims to have (which hasn't been audited since Eisenhower) applied to the dollars that exist, it would come out to about $50,000 per ounce of gold. But, many people question whether they have that much. So, the only way they could have a gold standard is if they either lie or confiscate gold from Americans or both.
I saw the headline and thought to myself damn! Now thats something exciting. I knew I wasn't the only one wondering what would happen. I don't remember which silver stacker posted it, but I remember seeing that if the US were to go back to where the currency was backed by gold and silver, inorder to bCk every dollar ever created it would bring the value of silver up to almost $2000? Can't remember exactly but this video was an excellent perspective, especially with your LCS input.
Thanks, Lorenzo! 👌🏼
What they Say and What they Do are 2 different things.
Under gold standard or precious metals backed wouldn’t things become cheaper rather than inflate and your money would go farther rather than lose value..idk maybe
Only if you have some gold or precious metals. Most think of it as something only crazy preppers or anarchists collect. And that's fine right?; more for you and I;)
Great video, I like that its simplified. Been learning about economics for a long time now (also just start you tube channel and stacking myself). Keynesian economics does not work imo I definitely lean towards Austrian economics myself. You probably already know this but Peter Schiff had the same analogy you advised, sounds alot alike. Peter just go in to it in way more detail. great video though you are very intelligent in your way of explaining the information that most need to understand.
Glad you enjoyed it and learned something, Juice!! 👌🏼
YOU'RE MY BOY BL- *RED*! GIMME THE GOLD.
I work night shift and have had too much wine. Don't mind me. I love this goddamn channel.
HAHA!! NP. Thanks so much for watching my video and leaving a comment! 👌🏼
Haha of course! Actually have a question for you. So, if the SHTF, and we get a new currency, etc, do you think that gold is essentially just a buy at any price? If the USD goes out the window, why care about what the price is?
Great topic, Yankee! As they say, "history repeats itself" and our cash is going the way of the continental dollar, however, this time, unfortunately, instead of a silver and gold backed currency, I tend to believe the move toward digital currencies. The move toward digital currencies supports many of the theories about the fed, etc, but that's a whole other topic!
I totally agree! Thanks so much for watching my video and leaving a comment! 👌🏼
Digital currency is no different with fiat as long as it is not back by gold! How can digital currency be back by gold or silver because it is not tangible at all. If the world accept digital currency, that means all countries government can self create $$$ as they wish so no difference with fiat currency except that you can’t hold it at all, it is for your eyes ONLY! Wtf!
I think one thing folks have to understand is that BEFORE we eventually return to some sort of gold standard the Fed has to be abolished FIRST. Unless we keep it for a check clearing entity. Also, if we want to retain the authority of the constitution, then the Fed has to be unconstitutional along with nothing but gold and silver being used for money. Read The Creature from Jekyll Island to really understand the dark beginnings of the Fed. We HAVE to return to some sort of gold standard eventually. The only question remaining is to HOW to implement it.
I agree we will go back to the gold standard
thanks for the knowledge, so.. to bring the gold standard , they will first spike the price and when people want to trade their cash for gold at the feds, people ends with paying more for what is worth ~1.8k USD/oz current market value. I would love to see gold reaching the 4k as predicted by most professionals
Since you bought the silver bars and gold coins, the price has gone up sharply. 🍀🍺
Right???! Thanks for the comment! Appreciate you watching my video. 👌🏼
In today’s episode,Yankee rolls out the cannon ( big guns ) 👍
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If/when we lose the dollar how much will an ounce of gold cost then if it is now based on the dollar? Is there another form of currency to back up gold or silver?