Will gold hit $3,000 by year-end? Subscribe to my free newsletter: davidlinreport.substack.com/ FOLLOW GARY WAGNER: The Gold Forecast: thegoldforecast.com/ Twitter (@garyswagner): twitter.com/garyswagner TH-cam: www.youtube.com/@Thegoldforecast
Gold does not rise. The USD you’re measuring it in had devalued. You’re not getting rich, you are maintaining your wealth and not losing it to inflation tax.
Correct and incorrect. For now, you are correct. Things are relatively stable. As things destabilise, and /or a mania for precious metals will occur, then you will not be correct. The purchasing power will overshoot.🎉
In a way you are getting richer in relation to things that keep their price in dollars, lets say your house costs 100 gold coins in 2024 and in 2026 it only costs 70 coins then you've got the money to pay off the house plus maybe a new F150. So could that be considered becoming richer in real world assets?
Me thinketh really enjoy the way David challenges the analysis because this test is a great way to see whether guests views are not just.........assumptions!@!?😃😉
Given the precarious state of economy and market volatility, would you recommend having an advisor despite no one can 100% predict future outcome? I am refraining from investing in stocks as of now, and looking towards gold for wealth gains.
Gold can preserve your wealth but not growing your wealth, you need to distinguish between them. ideally, invt-advisors help guide people towards the right direction, in order to meet their growth goals.
That's smart, the role of advisors can only be downplayed but not denied. I'm quite lucky exposed to personal finance at an early age, worked full time when I was 19, purchased first home at 28..Going forward, got laid off at 36 amidst covid-outbreak, and immediately consulted an advisor to stay on top as of today, I'm barely 15% short of my $1m goal after subsequent investments.
Good gains, awesome! how can i connect with your advisor if you don't mind me asking? would like to seek professional advisory to expand my investment.
“Jessica Lee Horst” is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Excellent share, curiously inputted Jessica on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal.
For silver to pop you need both inflation and a hot economy, like 2006 early 2007. Econ is a wounded animal, and silver mirrors that. A huge spike in gold might pull silver higher but 2500 aint it
Gary has a weak understanding of Elliott waves. If he actually knew what he was talking about he would know that black circle 4 cannot pull back into the region of black circle 1. Yes the chart can look like what he is showing but the Elliott wave count cannot look like that.
Could it be that BRICS countries are backing up their currencies with gold so that once they are ripe and ready, they will use their own currencies to trade among themselves? It is not only China and India that are buying gold but those others who seek to join as well. Gold and other commodities appear to be the criteria for membership acceptance. There will still be countries who can afford to keep USD. These will still keep it so that they can continue trade with America and the Western sphere.
US is printing money endlessly. Gold will hit 3k per troy ounce and stable once US passes 40 trillion national debt... which is going to happen after 500 days...
Michael Burry selling his gold positions does necessarily mean that he thinks gold will go down. Maybe he just lacks the patience and has since eyed something more dramatic.
I am trying to determine the “Spot price Franco Nevada Gold is in the ground now.” Approximately 2 years ago they valued gold in the ground purchased $800.00 an ounce. I can’t locate this information anywhere…
Gold prices moved from $1,660 to $1,850 over the decade. In comparison, the S&P 500 surged 205% during the same period, even accounting for the 2022 bear market
It's ok if you don't like it buy Nvidia or the latest crypto meme all good. I can cherry pick all sorts of numbers to cast shade on various investments. I purchased an ounce of gold in 2011 as it was making a huge run at about $1910 USD (rookie mistake) if you read the in
@@CommanderRiker0 A 61% return over 12 years is pitiful. Meanwhile, Bitcoin has skyrocketed 124% in just the last year and has soared roughly 1,200,000% since January 2012. That puts gold's returns to shame
The reason the dollar index does not always correlate inversely with gold is because the dollar index is a measure relative to OTHER CURRENCIES. So the weakness/strength of other currencies can invert any effect of gold on the dollar.
We all are. None of us know what will happen exactly. It’s why you buy total market ETFs and sleep soundly. Personally, I keep about 50k to 70k in bitcoin as well. A small little fun investment.
@@CommanderRiker0 I’ve been having “fun” with bitcoin since 2013. The volatility doesn’t bother me at all. It’s volatile in both directions. I’ve never not came out massively after waiting around 4 years or so. My first purchase were under $600 per bitcoin. People said it was overpriced back then and I was not early enough. Dumped all of it at 15k each. Bought several around 3k years later. Started unloading at around 45k and kept selling well into 50k. Bitcoin “fun” has been my all time most rewarding investment of all time. It’s a good idea to watch bitcoins greed index. Dont buy when people are greedy. Dump on them.
For the last time Gold is a Currency hedge imagine buying old in Japanese dollars years ago you made all that currency devaluation before gold even moved! Just another carry trade for every other currency in the world
In 2008, the printed money stayed in the banks, so inflation remained stable. After COVID-19, the printed money went into public circulation, so inflation progressively increased. The answer is straightforward: gold will be the best hedging option for your wealth.
what a bs about miners. Miners are not nearly as high comparing to gold. Gold is breaking all time highs and mining stocks are not nearly close to their previous highs.
Will gold hit $3,000 by year-end?
Subscribe to my free newsletter: davidlinreport.substack.com/
FOLLOW GARY WAGNER:
The Gold Forecast: thegoldforecast.com/
Twitter (@garyswagner): twitter.com/garyswagner
TH-cam: www.youtube.com/@Thegoldforecast
No
Next year. This year below 2800
Itll be close!!!
I hope not.
2800
Gold does not rise. The USD you’re measuring it in had devalued. You’re not getting rich, you are maintaining your wealth and not losing it to inflation tax.
Correct and incorrect. For now, you are correct. Things are relatively stable.
As things destabilise, and /or a mania for precious metals will occur, then you will not be correct. The purchasing power will overshoot.🎉
In a way you are getting richer in relation to things that keep their price in dollars, lets say your house costs 100 gold coins in 2024 and in 2026 it only costs 70 coins then you've got the money to pay off the house plus maybe a new F150. So could that be considered becoming richer in real world assets?
one of the best comment
David, you are an excellent interviewer. I have learned so much from your discussions. You are the REAL DEAL!
im really shocked that michael burry sold all his gold and thinks that the dollar will strengthen
Probably just waiting for the market to crash like Warren Buffett selling half his apple stock
As a technical trader, I would not be buying gold at this level. Just because it made a new high doesn't mean it's going to keep going.
You could say that about a lot of the market.
I was thinking the same when I bought at $2000 level.
US dollar lost reserve currency status and this fact changed everything.
@@Chain987
Best comment ever
Gold to the moooonnnn!!! Gold is unique and not created by man, it will never go down. Bitcoin, dollars, euros, and all that shit will fall.
Wow excellent analysis Gary. Excellent. Chart and history of it makes perfect long term sense
Another great interview on the David Lin Report!
Me thinketh really enjoy the way David challenges the analysis because this test is a great way to see whether guests views are not just.........assumptions!@!?😃😉
Given the precarious state of economy and market volatility, would you recommend having an advisor despite no one can 100% predict future outcome? I am refraining from investing in stocks as of now, and looking towards gold for wealth gains.
Gold can preserve your wealth but not growing your wealth, you need to distinguish between them. ideally, invt-advisors help guide people towards the right direction, in order to meet their growth goals.
That's smart, the role of advisors can only be downplayed but not denied. I'm quite lucky exposed to personal finance at an early age, worked full time when I was 19, purchased first home at 28..Going forward, got laid off at 36 amidst covid-outbreak, and immediately consulted an advisor to stay on top as of today, I'm barely 15% short of my $1m goal after subsequent investments.
Good gains, awesome! how can i connect with your advisor if you don't mind me asking? would like to seek professional advisory to expand my investment.
“Jessica Lee Horst” is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Excellent share, curiously inputted Jessica on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal.
Good guest. He's measured, which I like.
Gold went up in recent times because of sanctions on Russia. Now that interest rates are likely to be cut, it will go up even more
3000 by Oct 31
Why
Agree and it will get higher.
Good way to start my week. thank you
GOLD & SILVER excite me! ❤
Silver has been lousy, no legs
For silver to pop you need both inflation and a hot economy, like 2006 early 2007. Econ is a wounded animal, and silver mirrors that. A huge spike in gold might pull silver higher but 2500 aint it
Patience my friend- silver is about to rip everyone’s face off!
@@philkarkovice5337I’ve literally heard this or something similar for nearly 35 years
Gary has a weak understanding of Elliott waves. If he actually knew what he was talking about he would know that black circle 4 cannot pull back into the region of black circle 1. Yes the chart can look like what he is showing but the Elliott wave count cannot look like that.
You cannot stop gold. you can only hope to contain it.
Could it be that BRICS countries are backing up their currencies with gold so that once they are ripe and ready, they will use their own currencies to trade among themselves? It is not only China and India that are buying gold but those others who seek to join as well. Gold and other commodities appear to be the criteria for membership acceptance.
There will still be countries who can afford to keep USD. These will still keep it so that they can continue trade with America and the Western sphere.
Great interview!
Dont take anything for granted in Gold. Suddenly its over
US is printing money endlessly. Gold will hit 3k per troy ounce and stable once US passes 40 trillion national debt... which is going to happen after 500 days...
Within a year, a one kg bar of gold will be worth 100,000 usd. Heavy.
LOL! If that happens, we'll be living like the people in "By the Waters of Babylon."
@@philroe2363why do you say that? That’s only about $3100/ ounce.
When will PBC purchase gold again?
Yes, certainly. 😅😅😅😊😊😊
Don't understand why dollar is buying gold?. Gold and the dollar are commodities.
No. Gold is currency, not commodity. Always was.
Dollar is imaginary value backed by word.
Bottom line. If you have gold hang on to it.
Yelp.
Yep. 5000 is on horizon. Once, the world dedolarization starts it will be epic.
Considering flag pattern formation, gold moving towards 3000$ technically
Inflation may have cooled down, which it hasn't, and gold still barely moved up as it should have given the astronomical move in inflation.
La onza de oro llegara a 3000 antes de lo q todo el mundo piensa la fecha seria entre 25 de agosto y 5 de octubre
😮
3500 and beyond within 12 months or less.
Michael Burry selling his gold positions does necessarily mean that he thinks gold will go down. Maybe he just lacks the patience and has since eyed something more dramatic.
Or he knows the stock market is going down and he's buying physical 😂
Or he might just be plain wrong. No one is right all of the time
Don't be deceived. Gold has a 0% return in 52 years when adjusted for M2.
What happened to Gary’s soft landing?..
Why don't you ever have someone who discusses silver? I love your channel.
He does
There was just a guy a few days ago that talked about silver for an hour straight.
All time highs, yes... but "Shattered".. being a bit dramatic there
Owned gold etf three months. Hasn’t moved.
I think Micheal Burry would be regretting exiting his gold position now.
Its had a great month its up 3%!
I am trying to determine the “Spot price Franco Nevada Gold is in the ground now.” Approximately 2 years ago they valued gold in the ground purchased $800.00 an ounce. I can’t locate this information anywhere…
Than you...but my Ouija board provides more accurate predictions.
People who don't believe in TA are hilarious
$7.6M sounds like chump change for Burry. almost a non-story
he's not the only one selling
if there were big sellers, it'd be going down not up. it's near all-time high
Exactly this is for a short strategy on the interest rate cut. I’m sure he’ll swing back to gold early in the elation period after interest rate cuts
Its starts yet cowboy
David cowboy 👏👍
Does the war in Ukraine have to keep going in order to weaken Russia?
Guys gold will hit $3,000 in weeks not months or 1st q next year. Jesus. It blew through $2500 like a rocket through hamas.
Gary s o a roll. He made the call
What happened to gold from 2012 to 2022? Terrible investment
1100-2000 that’s what happened
Gold prices moved from $1,660 to $1,850 over the decade. In comparison, the S&P 500 surged 205% during the same period, even accounting for the 2022 bear market
It's ok if you don't like it buy Nvidia or the latest crypto meme all good. I can cherry pick all sorts of numbers to cast shade on various investments. I purchased an ounce of gold in 2011 as it was making a huge run at about $1910 USD (rookie mistake) if you read the in
@@CommanderRiker0
A 61% return over 12 years is pitiful. Meanwhile, Bitcoin has skyrocketed 124% in just the last year and has soared roughly 1,200,000% since January 2012. That puts gold's returns to shame
@@WoJackHorseman24Gold is at $2545 🤡 and this is 2024 where in debt interest just past the Military complex spending.😊
and silver lags way behind....silver is no bitcoin.
At least silver has actual uses.
Lol either is gold. Bitcoins like no other 🚀
Still waiting for Jason Shapiro interview....
FENECK called it 🙌 I made some nice bank ....
The dollar devaluation in the short, median-long term is just big. Everybody can now see it. Buy Gold & Silver.
Only grade 12 educated people buy gold and silver. What little percentages PMs will gobup,the QQQ and markets will go up 10x more!
@@sketchin6993 ...Hahaha. ask central bankers around the world.
Are we seeing a bull trap set up?
With central banks around the world buying more gold than ever before in History?
Hardly. Printing money can't stop so the gold is reacting to printing.
18:54 the inflation didn’t go away.. the gold price matches for devaluation of dollar, interest is the other factor. same as question before.
The gdx suck. Buy your own, and do your own reach.
Wow 2%. 🙄
Steven segals cousin
Gary looks like a fan of the yellow velvet????
2014?
Gary seems like a really cool guy. Major nice-guy vibes. Great interview.
Astrology for men.
Not really an insult since billionaires use astrology.
I'm sure we're all relieved that Gary's swords are back on the wall again. Banzai.
The gold price is not going up. It's the dollar getting weaker. Buying less and less with your dollars
Shalom
We could very well see a Fibonacci retracement
The reason the dollar index does not always correlate inversely with gold is because the dollar index is a measure relative to OTHER CURRENCIES. So the weakness/strength of other currencies can invert any effect of gold on the dollar.
“Do it, do it David, do it”😂
Damn! I spent all my money on crypto.😢
Buy it
Bull rally in 2014?
Only off by 10 years, leave him alone.
great video thanks David and Gary
Can remember buying in around 1700 in 2020. About time!
From 1815 in a year alone. If you got that low, that is amazing turn around. Cringe moment I missed that train
i got gold in 80s ,
35%since Feb 2022.
looks maipulated to me 😅
A welcomed return of "Samurai General Prognosticator" Gary Wagner. Excellent Market T.A.
the comic book guy
@@judetubemoran6275 Old Bald Guys Rule!
David you look excited about the gold move higher!
Go to china david, no ones buy gold, youtubers can claims to fit their naratives lmao
"No one" is clearly false. I disagree with your premise, however, it would be more believable if you instead wrote, "Very few people buy gold...".
The guest resembles Ted Nugent….
When Nvidia earning comes that week short the market but this guy is full of s***
We all are. None of us know what will happen exactly. It’s why you buy total market ETFs and sleep soundly. Personally, I keep about 50k to 70k in bitcoin as well. A small little fun investment.
@@CommanderRiker0 I’ve been having “fun” with bitcoin since 2013. The volatility doesn’t bother me at all. It’s volatile in both directions. I’ve never not came out massively after waiting around 4 years or so. My first purchase were under $600 per bitcoin. People said it was overpriced back then and I was not early enough. Dumped all of it at 15k each. Bought several around 3k years later. Started unloading at around 45k and kept selling well into 50k. Bitcoin “fun” has been my all time most rewarding investment of all time.
It’s a good idea to watch bitcoins greed index. Dont buy when people are greedy. Dump on them.
@@CommanderRiker0facts
Fat candles are good for metals…. Oh dear
LeaveAnyComment &ThumbItUp 4AIgos
Perfect timing to get Gary back on. He is the master of the POG trend.
break out 4th attempt, straight out of jesse livermore playbook
Really excellent guest David. Knowledgeable, engaging, and very articulate. Thank you Gentlemen
For the last time Gold is a Currency hedge imagine buying old in Japanese dollars years ago you made all that currency devaluation before gold even moved! Just another carry trade for every other currency in the world
In 2008, the printed money stayed in the banks, so inflation remained stable. After COVID-19, the printed money went into public circulation, so inflation progressively increased. The answer is straightforward: gold will be the best hedging option for your wealth.
It's 2024 David. 😂
Man. I wish it was 2014. lol
Will gold price benefit if first time home buyers are given $25k from the government? I’m assuming millions of people will take advantage of this.
Anyone who is investing in gold is old, close to death and can't enjoy life anyway so what does it matter ... RIP
It’s a smart buy when everything else is so exceedingly over bought. Young people should pay attention as the dollar dissolves
what a bs about miners. Miners are not nearly as high comparing to gold. Gold is breaking all time highs and mining stocks are not nearly close to their previous highs.
Except maybe for some major like Kinross
Yeah but typical equities have to show that their cycle is over for the bullish trend first. You need to be patient
@@patrickpellerin5144 why kinross is major and newmont and barrick are not?)
@@timothybender7383 absolutely not true