I remember people saying the same thing last year, that gold was going to drop to $1600 & to hold dollars & here we are at $2600 gold. I’ll keep holding my gold thank you very much.
Really? Explain why central banks and nations are buying massive amounts of gold and silver? Explain why both Russia, China and India are now concentrating on massive amounts of silver after buying massive amounts of gold? Explain why the International Bank of Settlements in Basil, Switzerland who is the Central bank to the Central banks of the West reclassified gold as a tier one asset on the entire planet with no liabilities? Explain also why the dollar through Bretton Woods had gold attached to the dollar up until 1971? Then explain why Thomas Jefferson warned that Fiat Currency is a threat? Explain these things. JP Morgan: Gold is money. Everything else is a derivative.
So Gld is a bubble but stocks, real estate and crypto isn't? Lol. I agree that during deflation people will sell gold and anything else they can to get liquid, that is normal.
yep i agree with the other comments. take Henrik's advice at your own risk. To say gold wont save you from a historic market bubble bursting is misleading. Nothing will protect you from that because all commodities will suffer for a while, but its what happens after the collapse. Gold bugs aren't buying gold because they think they will avoid the effects of a collapse, they are buying it because they know the collapse is incoming and when everything has to be reset you better be holding some metals for that event.
he's talking about monetary deflation and in monetary deflation all assets including gold will get wrecked....perhaps he's wrong and monetary inflation will continue but if it falls gold will not save you.
China is buying silver now as we type. Do you really think any nation would have no Silver in the information age? Silver didn't go out because no one uses it in photo's! I can list a lot of tech that can not do without Silver. Off the back cars, and solar power I can name more, but those two should make anyone a believer! My advice would be, don't let the shine of gold blind you to Silver!
I bought gold at $1580 years ago, and don't think it is a bad asset. Surely I don't treat gold as investment. But over long run, gold does give security.
Gold does well when there is long term pessimism and global instability hence did well in 70s and after iraq warsl, if things are really bright and sunny, it has not done so well historically. Gold going up so much may be a vote of no confidence. Gold can provide no protection against corrections in markets depending on if there is long term optimism,
Old timers retired from international banking who are *_very_* well read in finance and history, advise buying *_"metals."_* If nations and central banks are doing it, they portray the *_(capitalist's) "Golden Rule"_* - _"he who has the gold makes the rules."_ 99.9% of people aren't *_"traders,"_* they have *_LIVES._*
I'm feeling pretty safe with my growing flock of sheep here in Uruguay. Steers coming soon. People will have to eat. Turning grass into red meat feels pretty safe. Maybe I'm wrong. Please advise folks.
I've always thought of Uruguay as being a go to bug-out, cool president (ex?), decent weed laws, and as far as one can get from the craziness of Europe. But, the language and distance. I opted for southern Italy, and judging by your surname, you could be from my area. There's a masseria Amato close to my stake on beauty. I think you did good.
It's always good to barter and trade if money 💰 isn't available. I love my wool comforters. Meat 🥓 and wool. Food and clothes and blankets and jackets of wool. Leather boots 👢 Leather backpack 🎒 and leather purses 👌 Easy to trade for things needed. You're doing very well 👏 Don't forget the city folks, to offer them help in time of need.
Money supply has been diminished for 2 years, delinquency as well as unemployment is rising, savings are historically low What other evidence you need ?
During the Great Depression, gold went up, silver went down. He thinks gold is in a bubble? When premiums on premiums collectible 1933 gold coins are less than bullion coins? The gold rally is NOT being driven from the US or Germany. It's being driven by emerging market central banks, who want to diversify away from US bonds. And emerging market citizens worried about the strength or weakness of their own economies. If the US and ECB respond to a crash with massive spending/issuing of bonds, we can expect a huge rush into gold, which has been "money" since ancient times. ... and hopefully silver will follow, eventually. Though after so many years of disappointment I can't wait to sell it, if it ever spikes again!
His thesis is that we will have a deflationary bust, and a V shaped response, which is a fairly common thesis (David Hunter etc) If you are a trader you don't want to be in gold or silver until the bottom, and then presumably buy an ETF. But if you hold physical, good luck with that strategy! During the covid crash, silver dropped dramatically.... but I searched APMEX every day, and it was simply unavailable. Anyone would be crazy to sell at those prices, and so even 1,000 oz bars of silver were VERY scarse! So for ordinary people, who hold physical, we just have to hunker down and ride out the storm, content in the knowledge that eventually we will come out on top.
If I were European, Spanish Italian etc, German bonds would look attractive. But if DXY goes to 120, then dollar denominated assets sound much better. I might be leery of holding physical metals, because those governments could easily confiscate it, or make it unsalable. But as an American, i would not want to hold any European asset, except maybe a modest vacation home, maybe in Montenegro 😉
Gold went up because FDR re valued the price of gold after they confiscated it so they could spend more money on The New Deal. Please learn your history.
I love gold, rode the entire bull run, but gold has become a risk asset now. For two reasons : 1) Excessive war speculation. Gold bugs will never admit it, but most of gold's rally was driven by war. Look at the 3% drop in gold on the Lebanon ceasefire news. That's just a temporary 60 day ceasefire on just one front of one war. Now imagine what happens when you get a permanent peace treaty on both wars. 25% drop easily. 2) Liquidity crisis. In a recession, nobody wants shiny metals. Everybody want cash. Institutions sell gold to meet their margin calls, central banks sell gold to support the currency. In 2008, you had a 20% drop for that reason.
I understand the wish and need for liquidity. But I think people will at some point will realize that with Block chain tech, gold can be as liquid as paper currency without the thief. There are States producing gold notes you can carry now. Hampshire Gold-back for one. Then there is also others selling gold in very small amounts. No! If the public is anything like me they are done with being rip off with paper currency. And Cyrto currency with out backing like bit-coin will be the downfall of many!
@@akobenadinkrahene2153 I'm a big believer in gold-backed currencies as well, especially digital ones. But that's in a long-term view. In the short term, you have that likely gold crash. That's why you stack cash, so you can buy the dip.
@@FefeLeVrai Gold notes are being used in a few states already in the west and some states north of New York. This is the thing. the note is as thin as paper! So yea one could put them in their wallet. The people have been mind controlled. Think of it, for almost 100 years the people have been using paper, one of the cheapest things on the planet to represent wealth! Someone is making a killing...
He seems to think a deflationary crash is likely. Will the money printers allow that to happen? I don't think so! More likely a binge of inflationary liquidity with fiat currencies flushed down the toilet. Hold your gold!!
There is a policy lag from the fed which means it takes 1-2 years for their policy to take full effect which is why they tend to overtighten which results in a recession 2 years later then they have to reverse which takes more time to kick in which is why it takes some time to recover from a recession. The fed is terrible at determining what the right rate is to control inflation adn stimulate the economy since these are fairly narrow windows. Thats why Hanke and others have suggested a constant monetary growth rate of 6% because the fed is so bad at forecasting.
Short answer no they won't let it happen. Not least of all because they can conveniently "close down" the brokers websites during those periods of "high volatility" of course for peoples own "safety". So you close down the sales channels to curb a sell off, while at the same time sending a bunch of signals that more liquidity is on the way. Hell, the Fed could just straight up start buying S&P like Japan or other central banks, if they wanted to stop a collapse. The question is why would they let a crash happen? The only risk of this happening is the next 2 months before inauguration, if Democrats want to set up a crash to happen as Trump takes office.
Everyone asks whether we should be in cash but no one asks how cash should be held. The banks are all insolvent. Significant cash at home is also very risky. USD stablecoins like Tether and Circle are untrustworthy too. RLUSD isn't available yet. Where does that leave us?
I fully agree with this question. When the the big investors talk about holding cash, I wonder that nobody asks where to hold it knowing that banks are often described as very unsecure and insolvent. I mean, in which bank does Buffet keep his trillions. That must be a secure place.
Gold is normally a buy for a pessimistic outlook, though it can be hit badly during a crash. Gold tends to perform poorly compared to other assets in periods of economic growth, because gold is a rock, while productive industries generate income.
Just don't think the market is going higher so I'll buy. Why is it going higher? and when will it go to zero? Hope you have insider knowledge or you are going to be part of the fall!
Actually please correct me if you have the place that confirms this, I believe that it was beginning of 2023 when he mentioned this but saying we need a blow off top.
He's predicted a blow off top since 2022 and has predicted the S&P to be just where it is now since then. He's raised his forecast a number of times but has always contended that the market will crash after this blow off top we're currently experiencing.
Inflation-adjusted peaks in the gold price in 1934, 1980, and 2011 were followed by multi-year drops of 65%, 83%, and 41%. A simple average of those three drops is 63%.
I don't take it seriously, but I'm sure one or more of these coins is planned to replace fiat. May as well invest the odd £10, you may hit the jackpot.
I look at the gold chart since 1971 and it has gone up since then. If the government is constantly creating inflation that means that the value of gold goes up constantly unless there is deflation. For me I feel like there needs to be 2 DXY's one for international and one for domestic. I don't know how other countries are printing more money at a faster rate than the United States except for China to the point to where the value of the dollar internationally is becoming more valuable. This is something I just do not believe and I know for the fact that the United States is printing money internally and yet the value of gold has had a pullback. This is where I figure that there is tons of gold manipulation in the physical and in stocks. I'm going to be digging into this rabbit hole to find out the real causes and effects and call them out
@jameskeefe1761 from 1971 to now is an upward trend. No stock goes up in a straight line every stock has dips every currency has dips look at the trend and that'll tell you where it is going
I would say gold and silver has a lot of upside because so much fiat money from borrowing and debt went into the stock market and crypto, then that bubble will burst. They need to start paying a real interest rate better than 4% on cash money in a bank to make it worth more to hold cash
This man is too young to learn from history that us older folk remember so well. The fact remains is that commercial real estate will collapse local and regional banks due to massive loan losses, etc. Added to more insolvent homeowners who can't pay mortgages, this economy is headed for an iceberg! FDIC has about 1.7 percent of the cash needed in a large banking collapse, so massive amounts of currency printing are certainly coming! If not, societal collapse would be inevitable. With more cash printing, inflation and interest rates will be driven higher, putting savers at a severe disadvantage. With massive job losses, government dependency grows. If you don't hold metals for purchasing power protection, that is not a good idea.
Gold is not a safe haven over human lifespans. Gold has long term cycles including long bear markets such as the 1980s. If long term prospects are excellent then gold does poorly. When people are fearful of a long term depression or chaos, it does better. Stocks hugely outperform gold when things are going well for most people.
That makes no sense at all. ETFs which track gold follow the gold exchange prices which also what dealers also look at. When you get from a dealer paying 5% above the spot price in chicago, london or whatever is considered a reasonable dealer premium. There have been people paying over 50% from unscrupulous dealers. Physical tends to be worse as far as oiverhead.
He think Gold is front running. Maybe this is a problem of being to young. I been holding gold for 25 years, where was this guy talking about front running all that time? Please help me out here! One more question, does currency ever front run, and if it does how come no one ever talks about it. I surely will not be following his advice unless it can be verified...
First it's going up, then it's going down. That kind of prediction doesn't care much for fundamentals. I find TA fascinating. It obviiusly can predict levels to be reached quite well, but not if the direction is up or down 🙂 Henrik doesn't say he's a TA "analyst", but I think he is one!
Impressive. Indeed, I'm worried about the fall of commodities particularly nat gas, oil. I'm also worried that gold is making hard work rising meaningfully like previous rallies. Europe PMIs are now awful. US data is pumped, but unmanipulated bankruptcies very bad.
This guy Henrik is opposite all the big minds. Feds are buying gold now, but Henrik thinks that we should not...I'd love to know that thought process...or not. I'll stay with gold.
Saying that gold won;t save me from a stock market bubble burst is like saying a gun won't save me if my house catches on fire. DUH! 🤣I can;t even watch this video with a title like that😂😂😂😂
Bottom line, the World Financials are linked, so whatever happens will be coordinated. It's fun to listen to the speculative conversations to try and figure out the sequence of events leading to the crash, reset and CBDCs.
I feel the exact same way about those.. of course it has to be in black-and-white and spoil parts of the interview before I even get a chance to watch lol.
I maintain those that have no debt and enough cash for 4 months worth of living expenses and 3 to 4 months worth of food and water and a large garden plot that they grow food in as we do, we have stockpiled in our sheds 120 gallons of diesel 40 gallons of gasoline and 100 gallons of propane we cycle our stuff, we have a year around creek next to our property we have several very good water filters 5 and 1 micron filters and regular bleach to sterilize the water, I have 5 handguns and a shotgun and several rifles and last but not least I have 90% silver along with bullion one ounce rounds, and we live in a small mayberry type town, for now we wait
Silver has a long history of use as money and it could be argued that it has been even more influential than gold. Because silver is more abundant than gold and its value lower, it has been more effective at small day to day transactions for the large majority of citizens. As a renowned monetary commodity like gold, silver has an 'intrinsic' value in and of itself, making it ideal as a currency and store of value. With a limited and diminishing supply (unlike gold), silver has consistently sustained its value as currency for over 4,000 years. Silver is also in the constitution as equal to gold, ArtI.S10.C1.2 Coining Money by States to be used as legal tender. A historical analysis by the World Gold Council shows that despite gold's current higher market value, silver's intrinsic value is higher due to its relative rarity being five times less abundant than gold (World Gold Council, 2023) - I find the value of Silver much easier to understand than 'believing' in Gold, but for the mainstream ignorance seems bliss..
not quite sure what to make of his spiel. all I know is if RR says last gold bull era US assets in the precious metals were like 10% now they may be 1% with not many paying attention. Once the doors get barred there certainly will be a rush to the metals which is a small market compared to other sectors. So even if we get a parity to the 10% of last cycle that will mean higher prices for those in the trade.
@@leonardolage7061 Also i think this dude is danish, he got a danish accent and Henrik is a nordic name. Im swedish. Never listen to a danish dude with overconfidence. :)
I will always hold gold and silver but agree with Henrik that the dollar will rally in the coming recession and we will see a price drop in precious metals and all assets for that matter. The inflation will come back with a vengeance due to debt levels and QE and precious metals will rally hard again. I plan on holding my metals rather than trying to time a top and bottom as insurance against the various levels of chaos I see coming. I am flat stocks and am selling crypto into strength.
What i have learnt over the years is that estimating the value and timing of a top 6mths or more in the future is near impossible. Someone will always be right but it is more luck than skill. With everyyhin that is happening where is the reasoning behind this crash?
Global investors expect falling prices in China to push down inflation rates worldwide this year, as excess capacity in its slowing economy prompts Chinese exporters to cut prices on goods they sell abroad. Prices of Chinese exports have been falling at their fastest rate since the 2008 financial crisis, indicating the world’s largest exporter is starting to send deflation outward to countries that have been battling high inflation. China will be exporting deflation to the rest of the world, and you will find various countries dealing with the fact that China has built up overcapacity,” said Chetan Sehgal, lead portfolio manager at Templeton Emerging Markets Investment Trust, a UK-listed fund.
Trying to time the market is a Fools Errand? Picking up pennies in front of a train is also poor advice. I guess there is a different view outside of the U.S.
I'm reading the preview of this interview "one of the biggest market crashes in human history" If that happens, what should i do with bonds? Put salt on them and cook them?Steady on the hype, please!
The reason why gold is going up is because foreign central banks are buying it. They are using it as a hedge against their currency losses against the dollar. If what Henrik says is true about the dollar going to 120, you can bet that central banks will double down on their purchases as their currencies de-value against and never strengthening. This kind of goes along with Brent Johnson’s milkshake theory.
@@CommodityCulturesorry brother I listen to the podcast but interact and like the videos to help your channel in some way. I will make a note of that, thank you.
Here's your counterparty risk there are hackers and you may say hackers can't hack a sentence worth of password but I beg to differ with AI coming out they can hack anything and let's not forget because it's a technology it's susceptible to viruses and lastly let's not forget power outages
The only problem with this guest is he figures that everything is measured in Fiat. That's all well and good until it's not good right? Then what will people measure as money? Not Fiat that's for sure... besides precious metals are not an investment they are a safe haven, the only thing I know is the dollar is going to zero, and silver used to be 6 dollar an ounce 35 years ago
Gold, silver or crypto 'assets' doesn't matter. People need to remember that the agenda is for a much smaller population, notably in the West, that is both poor and controllable. Personally I believe fractional gold and silver (even though they come with a high premium) coins are crucial as a means of exchange as well as some fiat currency for as long as it lasts.
I suspect this guy is a millenial. That explains his views... As for Bitcoin being an "asset", well, at its absolute best definition, it may be interpreted as an intangible one (given it is nothing more than digital air). With ole yella and her kid sister - at their worst - they can still be used as a door stop....and not even Bitcoin can be used for that.
I am amazed that he is recommending holding dollars. There has already been two treasury auctions that had trouble selling it all. The bond vigilantes will demand a higher return in treasuries and the Fed will have to pump in fiat money to maintain liquidity. What will the dollar do when that happens? It seems it has to devalue. His recommendations for long bonds is a HUGE risk if he is wrong and we have inflation.
I have grown a full head of gray hair waiting for the bears to be right about there being some eventual "bill to pay" for all the printed prosperity following the bust of 2008. Month after month, there is no sign of any bill coming due, only signs of an ever widening wealth gap (which to me IS the "bill", they just found a way to pass it along to only the poor and middle class).
Is Bitcoin really out of the system? If big corporations that are tied to the government are in it and governments themselves are in it. It doesn't seem like it is to me
Everybody in the game is riding the wave on phony money everybody stashed what they started with and now it’s all speculation and everybody’s in it for them. The ride doesn’t matter when it pops doesn’t matter what they lose on paper so all speculation.😊
Gold was around since 2300BC…….dollar was around from 1790 AD…….why don’t we use Roman coins anymore? North Koreans makes the best US dollar copies, very realistic looking, using big printing presses. The Dutch Empure is the wealthiest empire, it held that title for about 700 years, until the British Empire took over that title, from around 1880.
What is going to happen "spits in the face" of all conventional market analysis. We will see the end of a credit and debt based economy. That will defy all conventional market analysis practiced for the last 100 years.
Hold the dollar while the whole world slowly moves away? Hold the dollar while it has lost the majority of its purchasing power? No thanks. I will continue to stack gold and silver. Good luck with that.
The gold/silver comments are all based on deflation...what do we know about central banks around the world...inflate or die. Gold has outperformed the S&P (on averge), over the past 10-15 years. Economies may slow, but it won't be deflation.
Interesting, SP500 to 6400 is only about 8% from where it is now. I'm not sure I would dare to sell precious metals and hold fiat instead, governments can quickly announce anything in a crisis.
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I remember people saying the same thing last year, that gold was going to drop to $1600 & to hold dollars & here we are at $2600 gold. I’ll keep holding my gold thank you very much.
You are absolutely correct
Was that Henrek one of those "people" saying that?
Really? Explain why central banks and nations are buying massive amounts of gold and silver? Explain why both Russia, China and India are now concentrating on massive amounts of silver after buying massive amounts of gold? Explain why the International Bank of Settlements in Basil, Switzerland who is the Central bank to the Central banks of the West reclassified gold as a tier one asset on the entire planet with no liabilities? Explain also why the dollar through Bretton Woods had gold attached to the dollar up until 1971? Then explain why Thomas Jefferson warned that Fiat Currency is a threat? Explain these things.
JP Morgan: Gold is money. Everything else is a derivative.
So Gld is a bubble but stocks, real estate and crypto isn't? Lol.
I agree that during deflation people will sell gold and anything else they can to get liquid, that is normal.
💯
yep i agree with the other comments. take Henrik's advice at your own risk. To say gold wont save you from a historic market bubble bursting is misleading. Nothing will protect you from that because all commodities will suffer for a while, but its what happens after the collapse. Gold bugs aren't buying gold because they think they will avoid the effects of a collapse, they are buying it because they know the collapse is incoming and when everything has to be reset you better be holding some metals for that event.
This guy no experience …useless…he worked in IT
I heard in a reset gold would be like tens of thousands of paper dollars
@@jeffhogueison1656
If that is the case, then central bankers are set to rule the world.
Why not just hold cash if you think everything is going down?
he's talking about monetary deflation and in monetary deflation all assets including gold will get wrecked....perhaps he's wrong and monetary inflation will continue but if it falls gold will not save you.
Brother, Gold is a monitary metal and can not be compared with copper Nickel and silver. The central banks dont buy industrial metals 😂
Silver is monetary as well as industrial
@timothybender7383 it was a very long time ago, even before Gold. But, think again! Central Bank only buy Gold, because "in Gold we Trust" :-)
@ you ee wrong
China is buying silver now as we type. Do you really think any nation would have no Silver in the information age? Silver didn't go out because no one uses it in photo's! I can list a lot of tech that can not do without Silver. Off the back cars, and solar power I can name more, but those two should make anyone a believer! My advice would be, don't let the shine of gold blind you to Silver!
@ oohhh yeah! 👍
I bought gold at $1580 years ago, and don't think it is a bad asset. Surely I don't treat gold as investment. But over long run, gold does give security.
Bought it at 400
Try to buy a ham sandwich with it when civil unrest is all around -- won't do you a bit of good
Gold does well when there is long term pessimism and global instability hence did well in 70s and after iraq warsl, if things are really bright and sunny, it has not done so well historically. Gold going up so much may be a vote of no confidence. Gold can provide no protection against corrections in markets depending on if there is long term optimism,
Yes, it won't work in a thermonuclear war either.😊@@michaeloconnor6683
@@michaeloconnor6683 Not for petty transactions. Eventually, I expect some sanity to return after serious problems.
Old timers retired from international banking who are *_very_* well read in finance and history, advise buying *_"metals."_* If nations and central banks are doing it, they portray the *_(capitalist's) "Golden Rule"_* - _"he who has the gold makes the rules."_ 99.9% of people aren't *_"traders,"_* they have *_LIVES._*
I'm feeling pretty safe with my growing flock of sheep here in Uruguay. Steers coming soon.
People will have to eat. Turning grass into red meat feels pretty safe. Maybe I'm wrong. Please advise folks.
You are doing good! The whole point of your life's labors are to be able to eat. People need to do this no matter the economy.
@@n2skcmo Agree 100% wish I were him! Peace and long life...
I've always thought of Uruguay as being a go to bug-out, cool president (ex?), decent weed laws, and as far as one can get from the craziness of Europe. But, the language and distance. I opted for southern Italy, and judging by your surname, you could be from my area. There's a masseria Amato close to my stake on beauty. I think you did good.
Hell yeah, buddy… I wish!
It's always good to barter and trade if money 💰 isn't available.
I love my wool comforters.
Meat 🥓 and wool.
Food and clothes and blankets and jackets of wool.
Leather boots 👢
Leather backpack 🎒 and leather purses 👌
Easy to trade for things needed.
You're doing very well 👏
Don't forget the city folks, to offer them help in time of need.
So many grand statements, so little evidence... but hey, delivered quickly and with absolute conviction, as if it's the ultimate truth!
Money supply has been diminished for 2 years, delinquency as well as unemployment is rising, savings are historically low
What other evidence you need ?
During the Great Depression, gold went up, silver went down.
He thinks gold is in a bubble? When premiums on premiums collectible 1933 gold coins are less than bullion coins?
The gold rally is NOT being driven from the US or Germany. It's being driven by emerging market central banks, who want to diversify away from US bonds. And emerging market citizens worried about the strength or weakness of their own economies.
If the US and ECB respond to a crash with massive spending/issuing of bonds, we can expect a huge rush into gold, which has been "money" since ancient times. ... and hopefully silver will follow, eventually. Though after so many years of disappointment I can't wait to sell it, if it ever spikes again!
His thesis is that we will have a deflationary bust, and a V shaped response, which is a fairly common thesis (David Hunter etc)
If you are a trader you don't want to be in gold or silver until the bottom, and then presumably buy an ETF.
But if you hold physical, good luck with that strategy!
During the covid crash, silver dropped dramatically.... but I searched APMEX every day, and it was simply unavailable. Anyone would be crazy to sell at those prices, and so even 1,000 oz bars of silver were VERY scarse!
So for ordinary people, who hold physical, we just have to hunker down and ride out the storm, content in the knowledge that eventually we will come out on top.
If I were European, Spanish Italian etc, German bonds would look attractive. But if DXY goes to 120, then dollar denominated assets sound much better.
I might be leery of holding physical metals, because those governments could easily confiscate it, or make it unsalable.
But as an American, i would not want to hold any European asset, except maybe a modest vacation home, maybe in Montenegro 😉
Gold went up because FDR re valued the price of gold after they confiscated it so they could spend more money on The New Deal. Please learn your history.
Well said.
Historically, gold goes "up" when the dollar falls in purchasing power...
this guy ever heard of brics ?
you are joking, right
Nice to hear a different opinion, i'll bear it in mind.
Definitely. I enjoy having guests with opposing viewpoints on, even if I don't necessarily agree with them on everything.
I love gold, rode the entire bull run, but gold has become a risk asset now. For two reasons :
1) Excessive war speculation. Gold bugs will never admit it, but most of gold's rally was driven by war. Look at the 3% drop in gold on the Lebanon ceasefire news. That's just a temporary 60 day ceasefire on just one front of one war. Now imagine what happens when you get a permanent peace treaty on both wars. 25% drop easily.
2) Liquidity crisis. In a recession, nobody wants shiny metals. Everybody want cash. Institutions sell gold to meet their margin calls, central banks sell gold to support the currency. In 2008, you had a 20% drop for that reason.
I understand the wish and need for liquidity. But I think people will at some point will realize that with Block chain tech, gold can be as liquid as paper currency without the thief. There are States producing gold notes you can carry now. Hampshire Gold-back for one. Then there is also others selling gold in very small amounts. No! If the public is anything like me they are done with being rip off with paper currency. And Cyrto currency with out backing like bit-coin will be the downfall of many!
@@akobenadinkrahene2153 I'm a big believer in gold-backed currencies as well, especially digital ones. But that's in a long-term view.
In the short term, you have that likely gold crash. That's why you stack cash, so you can buy the dip.
@@FefeLeVrai Gold notes are being used in a few states already in the west and some states north of New York. This is the thing. the note is as thin as paper! So yea one could put them in their wallet. The people have been mind controlled. Think of it, for almost 100 years the people have been using paper, one of the cheapest things on the planet to represent wealth! Someone is making a killing...
Upvoted. Excellent points.
He seems to think a deflationary crash is likely. Will the money printers allow that to happen? I don't think so! More likely a binge of inflationary liquidity with fiat currencies flushed down the toilet. Hold your gold!!
There is a policy lag from the fed which means it takes 1-2 years for their policy to take full effect which is why they tend to overtighten which results in a recession 2 years later then they have to reverse which takes more time to kick in which is why it takes some time to recover from a recession. The fed is terrible at determining what the right rate is to control inflation adn stimulate the economy since these are fairly narrow windows. Thats why Hanke and others have suggested a constant monetary growth rate of 6% because the fed is so bad at forecasting.
Short answer no they won't let it happen. Not least of all because they can conveniently "close down" the brokers websites during those periods of "high volatility" of course for peoples own "safety". So you close down the sales channels to curb a sell off, while at the same time sending a bunch of signals that more liquidity is on the way. Hell, the Fed could just straight up start buying S&P like Japan or other central banks, if they wanted to stop a collapse. The question is why would they let a crash happen? The only risk of this happening is the next 2 months before inauguration, if Democrats want to set up a crash to happen as Trump takes office.
I tend to agree with your outlook.
Everyone asks whether we should be in cash but no one asks how cash should be held. The banks are all insolvent. Significant cash at home is also very risky. USD stablecoins like Tether and Circle are untrustworthy too. RLUSD isn't available yet. Where does that leave us?
Short term treasuries are likely the best bet imo.
I fully agree with this question. When the the big investors talk about holding cash, I wonder that nobody asks where to hold it knowing that banks are often described as very unsecure and insolvent. I mean, in which bank does Buffet keep his trillions. That must be a secure place.
Right now, a lot of the financial world is saying to hold 10% Bitcoin. I prefer 10% TLT.
The Chinese have accumulated around 30,000 tonnes, its citizens have many tonnes. Ready for revaluation?
Not yet
Same story since the 80s but nothing ever happens
@@Null-o7j Not yet.
When gold price goes down, it’s time to buy more.
Gold is normally a buy for a pessimistic outlook, though it can be hit badly during a crash. Gold tends to perform poorly compared to other assets in periods of economic growth, because gold is a rock, while productive industries generate income.
I am with you on that one, that's what I would be doing.
The best interview on TH-cam this month. I think he explained what all of us feel in our gut right now.
It’s a blow off top to oblivion - but he knows how to time the market 😂. Good luck with that.
Henrik has been predicting a bust for 4 years now and the markets have been going higher. Glad I did listen to him.
You didn't listen to him. What part of blow off top don't you understand?
Just don't think the market is going higher so I'll buy. Why is it going higher? and when will it go to zero? Hope you have insider knowledge or you are going to be part of the fall!
Actually please correct me if you have the place that confirms this, I believe that it was beginning of 2023 when he mentioned this but saying we need a blow off top.
He's predicted a blow off top since 2022 and has predicted the S&P to be just where it is now since then. He's raised his forecast a number of times but has always contended that the market will crash after this blow off top we're currently experiencing.
Inflation-adjusted peaks in the gold price in 1934, 1980, and 2011 were followed by multi-year drops of 65%, 83%, and 41%. A simple average of those three drops is 63%.
Well history says in hyperinflation 1oz gold buys you a house!! GERMANY, RECENTLY VENEZUELA WERE GOLD WENT TO 8.8 BILLION BOLIVARS!!!😊
Any so called investor who takes(or pretend to) crypto serious must be immediately dismissed
I take it serious...as a pump and dump.
Don't miss on those Ponzi bucks!
@@FefeLeVrai You have a point but you better be able to move quick in the market.
@@akobenadinkrahene2153 I got out at $98K. I plan on staying out.
He literally calls it a bubble. What else do you want?
I don't take it seriously, but I'm sure one or more of these coins is planned to replace fiat. May as well invest the odd £10, you may hit the jackpot.
I look at the gold chart since 1971 and it has gone up since then. If the government is constantly creating inflation that means that the value of gold goes up constantly unless there is deflation. For me I feel like there needs to be 2 DXY's one for international and one for domestic. I don't know how other countries are printing more money at a faster rate than the United States except for China to the point to where the value of the dollar internationally is becoming more valuable. This is something I just do not believe and I know for the fact that the United States is printing money internally and yet the value of gold has had a pullback. This is where I figure that there is tons of gold manipulation in the physical and in stocks. I'm going to be digging into this rabbit hole to find out the real causes and effects and call them out
It went down in the 80s.
@jameskeefe1761 from 1971 to now is an upward trend. No stock goes up in a straight line every stock has dips every currency has dips look at the trend and that'll tell you where it is going
I would say gold and silver has a lot of upside because so much fiat money from borrowing and debt went into the stock market and crypto, then that bubble will burst. They need to start paying a real interest rate better than 4% on cash money in a bank to make it worth more to hold cash
This man is too young to learn from history that us older folk remember so well. The fact remains is that commercial real estate will collapse local and regional banks due to massive loan losses, etc. Added to more insolvent homeowners who can't pay mortgages, this economy is headed for an iceberg! FDIC has about 1.7 percent of the cash needed in a large banking collapse, so massive amounts of currency printing are certainly coming! If not, societal collapse would be inevitable. With more cash printing, inflation and interest rates will be driven higher, putting savers at a severe disadvantage. With massive job losses, government dependency grows. If you don't hold metals for purchasing power protection, that is not a good idea.
Yawwwn. Who cares. Result will be the same. Taxpayers bailing out the banks.
Is this guy oblivious to the 36 trillion dollar US Debt and the 4000 year resume and track record that gold has always been a safe haven.
Gold is not a safe haven over human lifespans. Gold has long term cycles including long bear markets such as the 1980s. If long term prospects are excellent then gold does poorly. When people are fearful of a long term depression or chaos, it does better. Stocks hugely outperform gold when things are going well for most people.
@@jameskeefe1761So things are going well for most right now?
Several years ago a very confident Silver expert guaranteed me Silver would never go to $22 per ounce.
IT WAYS RE CLASSIFIED AS A TIER 1 ASSET .....THATS WHY ITS UP
The paper metals will fall during a deflationary period , but the physical metals will inflate at an extremely rapid fashion.
Nope...they will not.
During a deflationary period, most people will run out of cash to inflate nothing.
That makes no sense at all. ETFs which track gold follow the gold exchange prices which also what dealers also look at. When you get from a dealer paying 5% above the spot price in chicago, london or whatever is considered a reasonable dealer premium. There have been people paying over 50% from unscrupulous dealers. Physical tends to be worse as far as oiverhead.
Fantastic questions!
Thanks, glad you think so!
He think Gold is front running. Maybe this is a problem of being to young. I been holding gold for 25 years, where was this guy talking about front running all that time? Please help me out here! One more question, does currency ever front run, and if it does how come no one ever talks about it. I surely will not be following his advice unless it can be verified...
First it's going up, then it's going down. That kind of prediction doesn't care much for fundamentals.
I find TA fascinating. It obviiusly can predict levels to be reached quite well, but not if the direction is up or down 🙂
Henrik doesn't say he's a TA "analyst", but I think he is one!
What will the DOW go up to?
Impressive.
Indeed, I'm worried about the fall of commodities particularly nat gas, oil. I'm also worried that gold is making hard work rising meaningfully like previous rallies.
Europe PMIs are now awful.
US data is pumped, but unmanipulated bankruptcies very bad.
This guy Henrik is opposite all the big minds.
Feds are buying gold now, but Henrik thinks that we should not...I'd love to know that thought process...or not. I'll stay with gold.
Saying that gold won;t save me from a stock market bubble burst is like saying a gun won't save me if my house catches on fire. DUH! 🤣I can;t even watch this video with a title like that😂😂😂😂
Bottom line, the World Financials are linked, so whatever happens will be coordinated. It's fun to listen to the speculative conversations to try and figure out the sequence of events leading to the crash, reset and CBDCs.
Some were with you until you spoke of holding "dollars". The Fed debt note is going away and do you know the exchange rate? That is why gold / silver.
Thank you for not using the incredibly annoying previews everyone else uses
I feel the exact same way about those.. of course it has to be in black-and-white and spoil parts of the interview before I even get a chance to watch lol.
I maintain those that have no debt and enough cash for 4 months worth of living expenses and 3 to 4 months worth of food and water and a large garden plot that they grow food in as we do, we have stockpiled in our sheds 120 gallons of diesel 40 gallons of gasoline and 100 gallons of propane we cycle our stuff, we have a year around creek next to our property we have several very good water filters 5 and 1 micron filters and regular bleach to sterilize the water, I have 5 handguns and a shotgun and several rifles and last but not least I have 90% silver along with bullion one ounce rounds, and we live in a small mayberry type town, for now we wait
What is his accountability for these predictions?
The bubble size if you correct for the size of money supply (don't use cpi lie) will show you the size of that asset's bubble.
Silver has a long history of use as money and it could be argued that it has been even more influential than gold. Because silver is more abundant than gold and its value lower, it has been more effective at small day to day transactions for the large majority of citizens. As a renowned monetary commodity like gold, silver has an 'intrinsic' value in and of itself, making it ideal as a currency and store of value. With a limited and diminishing supply (unlike gold), silver has consistently sustained its value as currency for over 4,000 years. Silver is also in the constitution as equal to gold, ArtI.S10.C1.2 Coining Money by States to be used as legal tender. A historical analysis by the World Gold Council shows that despite gold's current higher market value, silver's intrinsic value is higher due to its relative rarity being five times less abundant than gold (World Gold Council, 2023) - I find the value of Silver much easier to understand than 'believing' in Gold, but for the mainstream ignorance seems bliss..
not quite sure what to make of his spiel. all I know is if RR says last gold bull era US assets in the precious metals were like 10% now they may be 1% with not many paying attention. Once the doors get barred there certainly will be a rush to the metals which is a small market compared to other sectors. So even if we get a parity to the 10% of last cycle that will mean higher prices for those in the trade.
Well, it's certainly good to have opinions.
Is that your option bro?
Henrik what is wrong with Silver? It seems nobody except Jeff Christian has any answers ...
Finally someone discussed EU... thanks you.
How do you define “the real business cycle”?
Do PHYS and PSLV required to be backed end up unable to take orders if gold silver is gobbled up by banks in bust?
If there is no physical metal available for them to buy then yes, they will not be able to issue new shares.
What about the Swiss franc?
The Baron Münchhausen of the finance industry lol
given a choice between holding gold or sterling, I would take gold all day long thanks.
Me too.
A stronger dollar will
Equate in buying more pm’s
This dude is clueless.
It took me until minute 2:30 to realize it
@@leonardolage7061 Yeah i skipped and then listened for like 15 seconds. Fortunately i didnt lose to much time on this idiot.
@@leonardolage7061 Also i think this dude is danish, he got a danish accent and Henrik is a nordic name. Im swedish. Never listen to a danish dude with overconfidence. :)
Trying to create a demand for USD , futile effort. We'll keep holding our gold, thank you.
Do what Billionaires and central banks do- NOT what these analysts say!! 😂
I will always hold gold and silver but agree with Henrik that the dollar will rally in the coming recession and we will see a price drop in precious metals and all assets for that matter. The inflation will come back with a vengeance due to debt levels and QE and precious metals will rally hard again. I plan on holding my metals rather than trying to time a top and bottom as insurance against the various levels of chaos I see coming. I am flat stocks and am selling crypto into strength.
Agree with you on holding the metals throughout, very tough to time the market and in the long run I believe both gold and silver will do very well.
What i have learnt over the years is that estimating the value and timing of a top 6mths or more in the future is near impossible. Someone will always be right but it is more luck than skill. With everyyhin that is happening where is the reasoning behind this crash?
Global investors expect falling prices in China to push down inflation rates worldwide this year, as excess capacity in its slowing economy prompts Chinese exporters to cut prices on goods they sell abroad.
Prices of Chinese exports have been falling at their fastest rate since the 2008 financial crisis, indicating the world’s largest exporter is starting to send deflation outward to countries that have been battling high inflation.
China will be exporting deflation to the rest of the world, and you will find various countries dealing with the fact that China has built up overcapacity,” said Chetan Sehgal, lead portfolio manager at Templeton Emerging Markets Investment Trust, a UK-listed fund.
Trying to time the market is a Fools Errand? Picking up pennies in front of a train is also poor advice. I guess there is a different view outside of the U.S.
I'm reading the preview of this interview "one of the biggest market crashes in human history" If that happens, what should i do with bonds? Put salt on them and cook them?Steady on the hype, please!
33:50 “They’re not goring to let another bubble arise from that…” - They have far less power and talent and control than they want us to think
The reason why gold is going up is because foreign central banks are buying it. They are using it as a hedge against their currency losses against the dollar.
If what Henrik says is true about the dollar going to 120, you can bet that central banks will double down on their purchases as their currencies de-value against and never strengthening. This kind of goes along with Brent Johnson’s milkshake theory.
when was this recorded Jesse?
very good episode as I've come to expect from this channel!
Nov. 18, it comes up on screen throughout the interview.
@@CommodityCulturesorry brother I listen to the podcast but interact and like the videos to help your channel in some way. I will make a note of that, thank you.
Disagree with the guest! Money will transition slowly from massive bubbles into extremely undervalued commodities, in particular the monetary metals!
I tend to agree with you there.
Here's your counterparty risk there are hackers and you may say hackers can't hack a sentence worth of password but I beg to differ with AI coming out they can hack anything and let's not forget because it's a technology it's susceptible to viruses and lastly let's not forget power outages
With all respect, I personally look for this kind of wisdom from an older guy who actually experienced a couple of crises.
I believe Henrik is in his late 40s, so he could have experienced both the dot com crash and the 08 crisis.
@CommodityCulture Okay, thanks for the clarification. He definitely looks much younger, kudos for him on that.
What about an existential crisis like dollar worthless or nuclear war
So what will or may save us, if not gold? Haven't watched the whole video, I appologize..
“…nothing got solved… we gave better rates… and then everything was fine” 🧐
The only problem with this guest is he figures that everything is measured in Fiat. That's all well and good until it's not good right? Then what will people measure as money? Not Fiat that's for sure... besides precious metals are not an investment they are a safe haven, the only thing I know is the dollar is going to zero, and silver used to be 6 dollar an ounce 35 years ago
Gold is not a commodity: it's MONEY - and it goes UP in both a deflationary AND an inflationary environment BECAUSE it is real money!
Gold, silver or crypto 'assets' doesn't matter. People need to remember that the agenda is for a much smaller population, notably in the West, that is both poor and controllable. Personally I believe fractional gold and silver (even though they come with a high premium) coins are crucial as a means of exchange as well as some fiat currency for as long as it lasts.
I suspect this guy is a millenial. That explains his views... As for Bitcoin being an "asset", well, at its absolute best definition, it may be interpreted as an intangible one (given it is nothing more than digital air). With ole yella and her kid sister - at their worst - they can still be used as a door stop....and not even Bitcoin can be used for that.
Who said : a bubble is a bull market on which the guy calling it a bubble missed out...
I am amazed that he is recommending holding dollars. There has already been two treasury auctions that had trouble selling it all. The bond vigilantes will demand a higher return in treasuries and the Fed will have to pump in fiat money to maintain liquidity. What will the dollar do when that happens? It seems it has to devalue. His recommendations for long bonds is a HUGE risk if he is wrong and we have inflation.
Some good points for sure.
Hendrick was right about everything
I wonder if your guest believes if crypto will have another bull season after the bust?
I have grown a full head of gray hair waiting for the bears to be right about there being some eventual "bill to pay" for all the printed prosperity following the bust of 2008. Month after month, there is no sign of any bill coming due, only signs of an ever widening wealth gap (which to me IS the "bill", they just found a way to pass it along to only the poor and middle class).
A reckoning has to come eventually but you're right, it could literally be decades away or outside of our lifetimes, depending on how things play out.
When ppl lose faith in their govts, Gold rises - Martin Armstrong
You’ll need gold because it’s Yah’s currency,but He said you can’t eat it so you’ll have to buy food with it. But no gold no food !
Disagree. Gold is becoming the Worlds reserve currency that’s why it is going up. May decline a bit but not much
The truth is no investment is impermeable. You need to understand the overall market and know how to rotate your capital.
If the BRICS keep buying, I keep HOARDING. It's just that simple! LOL
Right there with you.
Is Bitcoin really out of the system? If big corporations that are tied to the government are in it and governments themselves are in it. It doesn't seem like it is to me
Bitcoin is 17 century tulips lol
Blue Lagoon resources receives mining draft permit British Columbia Canada
Everybody in the game is riding the wave on phony money everybody stashed what they started with and now it’s all speculation and everybody’s in it for them. The ride doesn’t matter when it pops doesn’t matter what they lose on paper so all speculation.😊
He just stated what silver would do.
Gold was around since 2300BC…….dollar was around from 1790 AD…….why don’t we use Roman coins anymore? North Koreans makes the best US dollar copies, very realistic looking, using big printing presses. The Dutch Empure is the wealthiest empire, it held that title for about 700 years, until the British Empire took over that title, from around 1880.
What is going to happen "spits in the face" of all conventional market analysis. We will see the end of a credit and debt based economy. That will defy all conventional market analysis practiced for the last 100 years.
Âll roads lead to inflation, not to deflation.Ño crash because many people talk about it...
Graddy out of Sweden or this guy what do you think?
Hold the dollar while the whole world slowly moves away? Hold the dollar while it has lost the majority of its purchasing power? No thanks. I will continue to stack gold and silver. Good luck with that.
The world is going back to a gold standard. Its going to 20x soon
Gold is struggling while Bitcoin rises. That is because Central Banks do care about Bitcoin.
better to have than to have not
The gold/silver comments are all based on deflation...what do we know about central banks around the world...inflate or die. Gold has outperformed the S&P (on averge), over the past 10-15 years. Economies may slow, but it won't be deflation.
What is going to save you...Bitcoin?
Interesting, SP500 to 6400 is only about 8% from where it is now. I'm not sure I would dare to sell precious metals and hold fiat instead, governments can quickly announce anything in a crisis.
Agreed.