I own gold and silver. I’m not excited hearing it’ll go to 20k because just means prices for everything else will be 10x as well. But part of my wealth will be protected.
Please don’t downplay the power of Gold. Making money value or creating money value from thin air is coming to an end. Unfortunately those countries who have been benefiting from all the mechanisms have to really think twice now.🤔
Russia’s performance in recent times has always been undervalued. Hosts saying it’s ready to go gold tomorrow, and probably the only country that is - is spectacular. So ahead. History will look back ….
The problem with Gold is storage and transportation. For the average citizen, it’s a liability to store large amounts in their residence, if you pay for storage, then you have a third party risk, you may or you may not get it back upon demand. I like gold and the argument for owning it is valid, but who’s going to risk having a 200k of gold in their residence? How do you move it if you decide to go to another country? Bitcoin on the other hand, does not have that problem, secret phrase in your mind and con literally have millions in a thumb drive like device. Would love to hear your opinion.
Just look back to 47 i think when the UK told India , Sorry we cant give your 2000+ tons of gold back > We need it ?? Today India is repatriating there gold from Enbland a 110 tons yesterday can you blame them .
There are gold ETFs. I used to buy 24 carat gold coins and of course in India there is Gold jewellery but we need to keep them in lockets. But now it is Gold ETF.
Gold is a teeny tiny market and when he's protecting from the Kaboodle, which is his lingo here, it would be just a hedge of temporary volatile credit spreads. You know Trump's new Treasury pick was making money like this. It appears he was the think tank behind Soros that broke the Bank of England 😅😅 Why you think he didn't break Gold?? The Kaboodle real problem is mainly the Dollar PEGGED REMINBI that has been suffering in a couple years of deflation.. Why did they believe that Gold will fill the volatile spreads that are backing Fiat?? The KOMMIE has manipulated for 4 decades but he must finger point the King of Kaboodle instead of That??
Until you've held a 1oz item of pure gold in your hand its very difficult to appreciate the intrinsic value that lies within. Within multicultural UK, we have such a diversity, that gold is a very liquid commodity that joins us all.
Could you please speak about the corruption of the Gold Standard between say 1900 and the end of WW1 and beyond a little more? If the same issues face us as then, why would a gold standard work now but couldn't work back then? The issues included the gold drain from the richer economies with higher standard of living and higher labour costs to the poorer economies who enjoyed trade surpluses. I understand tariff walls were attempted by the rich economies, but failed, so the gold 'standard' slowly broke down via various rich-country regulations/methods...
Inflation must be split into asset price inflation and consumer price inflation. In the physics view, the asset price is as simple as one variable equation with a money quantity increase. The consumer price is very complex with vaguely a multiple variables equation with a money quantity increase.
You are not taking into effect the psychology of Chinese citizens. They are savers and there is nothing they can hide from their government other than gold. Central banks are purchasing all over the world but we can’t overlook Chinese and Indian citizens especially since their populations are so large. I also wonder how these large private gold holdings would affect their respective nations economies if a downturn happens and citizens need liquidity fast. I think this could provide a correction in gold. Also let’s not forget the whole world is in huge amounts of debt. The propaganda focuses on the USA but the whole world is in the gutter. What happens if these countries try raising liquidity thru issuing bond or other means and the appetite isn’t there. Isn’t there a chance central banks, financial institutions, and citizens could potentially be forced into selling gold? The whole world is being affected with multiple problems in unison which makes the current downturn look globally systemic which is forcing a race to the bottom in rates and if enough of these nations get hit with liquidity issues at the same time then I don’t see any other way for them to raise funds unless they sell gold. It will be interesting to see how nice BRICS plays together in their sandbox when they all need to do what’s best for their respective countries. I personally think we will have a global recession and institutions will sell in a diversified manner to raise liquidity like past recessions which will cause gold to drop. I’m not saying it’s not a good investment when applied to a diversified portfolio. I just think investors will have a better entry point than the current all time highs. Same goes for stocks.
What’s your thoughts on the theory that there is a lot more gold in storage than is commonly thought. The book Yamashitas gold is fascinating reading on this subject.
so if they don't go on a gold standard but do re evaluate gold this would increase the value of the 800 tons (not been audited since before 1960?) that the federal government claims they have enough to greatly balance the deficit. if so it's said gold would have to be valued at ~130,000 an oz. would this solution avoid them confiscating our personal gold civilians hold? how would this work if every nation holding gold reserves benefited all at once if the United States did this? it's alot to think about but actually going to a gold standard seems impossible and even if it was would surely result in mass confiscating first
U.S. dollar is backed by oil. The petro dollar will take some unwinding. However the usa standard of living and overspending is doimg its best to devalue it to zero. So why is strong against all the other currencies?
Bitcoin is just a digital mystery currency, at least the USD has the US govt behind it. Bitcoin has nothing, just the ppl that use it claiming its value.
To think and set a ratio, you have to compare apples to apples. So my question to you is…… if it cost 1 once of silver a month to rent a house. How many months would you.get for 1 once of gold? Great interview.
1 troy ounce today? 1 oz gold would give you 84+ months of rent. I’ve learned from finance savvies decades ago, collect both but more so of silver. Poor man’s gold will outdo real gold in value by sheer demand. In crisis. And it’s change. You may not get change with gold . In crisis.
So that would be 7 year (84 months) to one month…… not really apple to apples, years and months. Sound more like copper to gold ratio. When my buddy asked me this question, after a few mins copper and nickel came to mind. To answer this question I would say under 32:1
It is certainly true that Gordon Brown was a history lecturer, that is not why he needed lessons in economics, it was because he was not a lecturer in Economic History, since had he been his grasp of the economy would have been excellent. Many articles and books about economics are not written by economists but by Economic Historians who do a great deal of research and usually are better writers than economists, who love economic modelling which has limited use. Just a thought chaps.
If your in the uk get used to being poor this is the reality and culture one dumps upon another from a greater hight this out prices gold and anything as it has a greater satisfaction.
The issue is that persons love conveniency too much, but if you really think about ppl always been using credit! for example credit card. and I feel like ppl should have options we shouldn't stick any one form of payment method.
Dominic states that the cost of a phone call has gone from 10p in 1971 down to zero today - I beg to differ. It depends on how you analyze the true cost. Back in those days you could walk into a phone booth to make the call. The cost of the phone booth to you was zero (funded by the government/taxpayers) - now you have to sign up to a mobile phone plan to get that free call. Which is cheaper 1971 or now?
I think you are just comparing the cost of the physical infrastructure involved. What you should compare is the costs of the call duration.. A call to north america in the 1970s was in the pounds per minute now it's in the pence per minute. Or, if you you use whatsapp, it's free.
@@williamwilliam5066 It does not really matter what the cost is now, as they would virtually give you a smart phone as you are now the product. Your data and habits are worth more than that 10p call in a phone box or your 5$ month contract. 🤣Nothing is free or Zero cost
Every tactics they used in the market place is all about the battle of the mind (information technology and media manipulation or control is the art they use). Fortunately for developing and underdeveloped world, they can now get alternative source of information not only from mainstream media but also from other sources and that’s a good thing.🤔
Nice discussion, great to hear Alisdair speaking of more around the topic. Phonecians were part of the fertile cresent, the Mesopotamians had credit, banking, and debt forgiveness 2000BC.
The podcast was interesting unti 31:00 when both analysts gave credence to the Laffer curve, which has about as much credibility as trickle down economics.
The accumualted wealth of a nation, paid for by the blood, sweat, tears and hard work of ordinary people over thousands of years, SOLD to buy US Dollars and Euros. FFS
The Gold didn't do anything it's still the same ounce that was yesterday, last week or last month what happened is the Dollar lost its value because you need more dollars to buy the same ounce of Gold, he said in the 70s Gold was 35 Dollars one ounce, now is 2700 the same ounce of gold,
Use common sense you understand why, it's not that food is getting expensive it's that the dollar is losing its purchasing power, meaning devalued, the more they print the more they devalue the currency, Gold is still the same Gold one ounce of gold is still is the sill the same what change is you need more dollar to buy the same ounce of gold that what inflation does, look at zimbabwe or Venezuela they have lot of cash but they are worthless they need so much to buy so little, now do you get it?
That's annoying just to but I would still take that bet given there is little supporting the £. Not as this annoying as this advert wanting me to trade in the pension pot for his commercial property
@carlyndolphin this true. Cycles same can be said for the general stock market. Far worse... # 1929 - 1942 13 years no gains # 1966 - 1982 16 years no gains # 2000 - 2020 13 years no gains. Good chance after next crash there will be no gains as its too inflated with money printing. The point of Gold is being the safest storage of wealth and survival. You can buy bread with Gold if the internet is down and feed your family. Countries around the World are hoarding Gold as we speak because of potential war and definatly recession. If there dollars and Markets fall they still have Gold and it goes up. How I play it, is Im allways in Gold ( Silver) , I play the Gold Miners with the cycles buy at bottoms and sell when Gold is topping . Also play the markets and little butcoin. Hence my TH-cam name I buy the sectors that have a edge over the others. Gold overall, Long term has performed 6 - 8 % per year. Yes the S&P has 10-11 % performance overall. But ! Because I buy miners when no one wants them Im getting on average long term 20% per year. Plus Im playing the winners that have a edge in the outperforming sectors. But meanwhile my Gold is just plodding along perserving my wealth.
@@carlyndolphin it doesn’t do anything. Its value is intrinsic. West manipulated pricing to play the PERCEIVED, not intrinsic , value of fiat dollar. If priced fair today - with the crap shape of dollar - it should be probably 100 times more.
@@DivinaAncelet-i7p $1 invested in stocks in 1800 would be worth $500 million today, adjusted for inflation $1 million. $1 invested in gold in 1800 would be $78 today, adjusted for inflation $3! Look at the difference between $1 million and $3! The only benefit of gold is that it has hedged against inflation. It’s not a wealth builder.
Haggai 2:8-9 New King James Version 8 ‘The silver is Mine, and the gold is Mine,’ says the Lord of hosts. 9 ‘The glory of this latter [a]temple shall be greater than the former,’ says the Lord of hosts. ‘And in this place I will give peace,’ says the Lord of hosts.”
How will gold survive climate catastrophe like Spain. Net is fragile so Bit Coin can disappear with war or dictatorships like US and UK presently have. Real wealth is a co operation of society.
So....The mining of gold and where it's going is vital knowledge. Who controls the release of this huge source that is presently hidden. Could this crash the value of gold. Can lead become more valuable than gold once science technology masters transmutation?
Since 1971 credit (debt) has exponentially grown. Gold is real value. At almost $2,800 isn't there a direct correlation to the world's massive debt bubble? Has it really disconnected from fiat paper currency?
Sure carry around 10 gold coins and pay for anything in front of people. Think u will make it home, especially in some neighborhoods. No u will want paper or plastic. Dare you
While the Laffer Curve is true by definition ( 0% and 100% tax rates both yield zero tax revenue) nobody has yet produced a coherent explanation of the shape of the graph curve. As a tool of policy therefore, it is of little use. Economics 101
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. The scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin, and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have a limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
I think gold's enduring value lies in its scarcity and versatility, making it a solid investment diversifier, particularly during times of inflation or market volatility.
For sure, Gold's performance during the 2008 financial crisis and the COVID-19 pandemic highlights its potential as a safe-haven asset. Now I'm thinking of ways to incorporate gold into investment portfolios
Consider allocating 10% to gold and other precious metals, using ETFs and physical storage. Diversification is key, especially with the rise of alternative assets.
Dear Alasdair, you may buy gold and all the rest of it. But the winners of WW III woun't be able to use your gold, even if they find it: It will still be too radioactive...
I own gold and silver. I’m not excited hearing it’ll go to 20k because just means prices for everything else will be 10x as well. But part of my wealth will be protected.
Good perspective.
Please don’t downplay the power of Gold. Making money value or creating money value from thin air is coming to an end. Unfortunately those countries who have been benefiting from all the mechanisms have to really think twice now.🤔
Thank you guys for this interview. Very informative and straight forward.
Russia’s performance in recent times has always been undervalued. Hosts saying it’s ready to go gold tomorrow, and probably the only country that is - is spectacular. So ahead. History will look back ….
A lot of people are in denial about BRICS....
They bet on Kommunist_ funded terrors😊
Exactly !!
Absolutely best news channel anywhere and everywhere
The problem with Gold is storage and transportation. For the average citizen, it’s a liability to store large amounts in their residence, if you pay for storage, then you have a third party risk, you may or you may not get it back upon demand. I like gold and the argument for owning it is valid, but who’s going to risk having a 200k of gold in their residence? How do you move it if you decide to go to another country? Bitcoin on the other hand, does not have that problem, secret phrase in your mind and con literally have millions in a thumb drive like device. Would love to hear your opinion.
Just look back to 47 i think when the UK told India , Sorry we cant give your 2000+ tons of gold back > We need it ?? Today India is repatriating there gold from Enbland a 110 tons yesterday can you blame them .
There are gold ETFs. I used to buy 24 carat gold coins and of course in India there is Gold jewellery but we need to keep them in lockets. But now it is Gold ETF.
Goldmoney. Won't be long before it is traded digitally.
I like a combination of both
Gold is a teeny tiny market and when he's protecting from the Kaboodle, which is his lingo here, it would be just a hedge of temporary volatile credit spreads.
You know Trump's new Treasury pick was making money like this. It appears he was the think tank behind Soros that broke the Bank of England 😅😅 Why you think he didn't break Gold?? The Kaboodle real problem is mainly the Dollar PEGGED REMINBI that has been suffering in a couple years of deflation.. Why did they believe that Gold will fill the volatile spreads that are backing Fiat?? The KOMMIE has manipulated for 4 decades but he must finger point the King of Kaboodle instead of That??
All minerals came from the stars, not just gold.
Also all bacteria, all organic life. "We are made of star stuff".
Here in the States, Briben has decimated our energy industry
0:25 The Universe created Gold Billions of Years ago, Man created BTC 5 minutes ago.
Comparisons won't age well.
If you saw the HBO special, created by a 15 year old teenage geek!
Gold era started folks, All the governments are loading up GOLD. Load up some ounces.
Banks are advertising it for sale
Until you've held a 1oz item of pure gold in your hand its very difficult to appreciate the intrinsic value that lies within.
Within multicultural UK, we have such a diversity, that gold is a very liquid commodity that joins us all.
Could you please speak about the corruption of the Gold Standard between say 1900 and the end of WW1 and beyond a little more? If the same issues face us as then, why would a gold standard work now but couldn't work back then? The issues included the gold drain from the richer economies with higher standard of living and higher labour costs to the poorer economies who enjoyed trade surpluses. I understand tariff walls were attempted by the rich economies, but failed, so the gold 'standard' slowly broke down via various rich-country regulations/methods...
Inflation must be split into asset price inflation and consumer price inflation.
In the physics view, the asset price is as simple as one variable equation with a money quantity increase. The consumer price is very complex with vaguely a multiple variables equation with a money quantity increase.
Tom Luongo had a good take, on the Duran.
BRILLIANT CONVERSATION GENTLEMAN PLEASE DO IT MORE OFTEN THANKS - - LIKE 👍👍👍👍👍
Agreed 👍
gold is now Tier One !
and I ain’t got none …
… Tear 1 😢
Get some then
@@snowyowl6892start with silver. 34 usd 1 Troy ounce. You’ll soon jump to gold. Besides in crisis silver (poor man’s gold) will outdo gold, by sheer demand.
Not silver
You are not taking into effect the psychology of Chinese citizens. They are savers and there is nothing they can hide from their government other than gold. Central banks are purchasing all over the world but we can’t overlook Chinese and Indian citizens especially since their populations are so large. I also wonder how these large private gold holdings would affect their respective nations economies if a downturn happens and citizens need liquidity fast. I think this could provide a correction in gold. Also let’s not forget the whole world is in huge amounts of debt. The propaganda focuses on the USA but the whole world is in the gutter. What happens if these countries try raising liquidity thru issuing bond or other means and the appetite isn’t there. Isn’t there a chance central banks, financial institutions, and citizens could potentially be forced into selling gold? The whole world is being affected with multiple problems in unison which makes the current downturn look globally systemic which is forcing a race to the bottom in rates and if enough of these nations get hit with liquidity issues at the same time then I don’t see any other way for them to raise funds unless they sell gold. It will be interesting to see how nice BRICS plays together in their sandbox when they all need to do what’s best for their respective countries. I personally think we will have a global recession and institutions will sell in a diversified manner to raise liquidity like past recessions which will cause gold to drop. I’m not saying it’s not a good investment when applied to a diversified portfolio. I just think investors will have a better entry point than the current all time highs. Same goes for stocks.
What about platinum?
Great question. It's much rarer than gold.
What’s your thoughts on the theory that there is a lot more gold in storage than is commonly thought. The book Yamashitas gold is fascinating reading on this subject.
@@frozbiggins after 3000 yrs of widespread usage I would guess masses of it have just been lost.
Beautiful RP accents. I pity only 5-15% of Brits have that erudite and eloquent sounding accent. (Most RP speakers are outside of Britain.)
so if they don't go on a gold standard but do re evaluate gold this would increase the value of the 800 tons (not been audited since before 1960?) that the federal government claims they have enough to greatly balance the deficit. if so it's said gold would have to be valued at ~130,000 an oz. would this solution avoid them confiscating our personal gold civilians hold?
how would this work if every nation holding gold reserves benefited all at once if the United States did this?
it's alot to think about but actually going to a gold standard seems impossible and even if it was would surely result in mass confiscating first
Went shopping in Tesco England and found myself paying more in sterling ,
For some Tesco brands than in Euros. ( Ireland ) it seemed the exchange rate
Everytime you say gold you should say gold and silver. What applies to one applies to the other
Really? I didn’t know gold is used in wiring and many other uses.
@@Ourdirtytwo Yes you look at high end entertainment/computer equipment you will find gold coated plugs and slots.
U.S. dollar is backed by oil. The petro dollar will take some unwinding. However the usa standard of living and overspending is doimg its best to devalue it to zero. So why is strong against all the other currencies?
Fantastic gentlemen ! Great topics. Here we are. Thank you both for this !
As Britain drained a total of nearly $45 trillion from India, how embarrassing this all is as the empire falls.
Guys what about Bitcoin?
Bitcoin is just a digital mystery currency, at least the USD has the US govt behind it. Bitcoin has nothing, just the ppl that use it claiming its value.
Meaning touching water is the same.
To think and set a ratio, you have to compare apples to apples.
So my question to you is…… if it cost 1 once of silver a month to rent a house. How many months would you.get for 1 once of gold?
Great interview.
1 troy ounce today? 1 oz gold would give you 84+ months of rent. I’ve learned from finance savvies decades ago, collect both but more so of silver. Poor man’s gold will outdo real gold in value by sheer demand. In crisis. And it’s change. You may not get change with gold . In crisis.
So that would be 7 year (84 months) to one month…… not really apple to apples, years and months. Sound more like copper to gold ratio.
When my buddy asked me this question, after a few mins copper and nickel came to mind. To answer this question I would say under 32:1
Well China Central Bank just printed a record of $1.4 TRILLION BAILOUT 😮😅
KOMMIELA IS FIRED!!
Great educational video for anyone interested in Gold. How would one contact you personally Alistair🤔
G-Day is coming!! What is G-Day...It's when people wake up to what is happening and gold goes to its true value.
I want a gold frisbee ⭕️
If Trump imposes 100% Tariffs on Chinese goods, then Consumer prices will hit the roof.
It is certainly true that Gordon Brown was a history lecturer, that is not why he needed lessons in economics, it was because he was not a lecturer in Economic History, since had he been his grasp of the economy would have been excellent. Many articles and books about economics are not written by economists but by Economic Historians who do a great deal of research and usually are better writers than economists, who love economic modelling which has limited use. Just a thought chaps.
That was excellent.
THE SWIFT SYSTEM WILL COLLAPSE .GOLD WILL RULE .PAPER ASSETS WILL BE GETTING VERY UNSTABLE.
That's not a crazy statement . Especially when the USA elects Trump .
If your in the uk get used to being poor this is the reality and culture one dumps upon another from a greater hight this out prices gold and anything as it has a greater satisfaction.
Beautiful Mask of Tutankhamen had the privilege to see it twice.. it is so precious..London & Cairo.
Me too London 1972
Also reminder, great civilizations do not last
@vin-bharatmahaan6569 "you guys", maybe I am Egyptian?
Hinduism is paganism. The 33 million gods of Hinduism are demonic entities.
I rarely see people paying for groceries with cash. So credit has become sadly evident for the purpose of buying food.
The issue is that persons love conveniency too much, but if you really think about ppl always been using credit! for example credit card. and I feel like ppl should have options we shouldn't stick any one form of payment method.
What about silver
Dominic states that the cost of a phone call has gone from 10p in 1971 down to zero today - I beg to differ. It depends on how you analyze the true cost. Back in those days you could walk into a phone booth to make the call. The cost of the phone booth to you was zero (funded by the government/taxpayers) - now you have to sign up to a mobile phone plan to get that free call. Which is cheaper 1971 or now?
I think you are just comparing the cost of the physical infrastructure involved. What you should compare is the costs of the call duration.. A call to north america in the 1970s was in the pounds per minute now it's in the pence per minute. Or, if you you use whatsapp, it's free.
Silly, my phone costs £5 a month, cost of calls via whatsapp/Skype = zero.
@@williamwilliam5066 It does not really matter what the cost is now, as they would virtually give you a smart phone as you are now the product. Your data and habits are worth more than that 10p call in a phone box or your 5$ month contract. 🤣Nothing is free or Zero cost
Fantastic video from two great economic clear thinkers.
Fantastic and enlightening conversation to listen to. Thank you.
Hilarious, this guy had been talking about BRICS and gold backed currency....now all of a sudden he calls it rubbish....
Every tactics they used in the market place is all about the battle of the mind (information technology and media manipulation or control is the art they use). Fortunately for developing and underdeveloped world, they can now get alternative source of information not only from mainstream media but also from other sources and that’s a good thing.🤔
2 experts on gold-fiat economics.
Money is just ledger like banks sheets and bitcoin aswell is a dectarilised ledger with out a leader.
Thank you
Gold is part of the perfect creation
De-dollarization is more imperative for Arab states than for India or even Europe.
Everyone is sick of America's democracy and freedom
@@ajvideo2712who you can and cant trade with
Gold is stardust,indestructible and money
How on earth do we know what Russian debt is?
Is Dominic...grandstanding.
Nice discussion, great to hear Alisdair speaking of more around the topic. Phonecians were part of the fertile cresent, the Mesopotamians had credit, banking, and debt forgiveness 2000BC.
The podcast was interesting unti 31:00 when both analysts gave credence to the Laffer curve, which has about as much credibility as trickle down economics.
Thanks and with due respect Alasdair is wrong. He's too fixated that the hedge in commodity is gold. Then he's also skipping the fiscal reform
I used my pocket money , aged 11 in the early 70's to buy gold Saudi riyals.
Coined money was invent by King Croesus in Lydia (modern day Turkey) about 600 bc. Hence, the saying, as rich as Croesus. I think.
Thank you Mr Brown ....TWAT
His adviser who then took a job at the firm that bought the gold
Same in Australia. John Howard sold most of our gold for buggar all.
@@kevinford6420 Canada has none
The accumualted wealth of a nation, paid for by the blood, sweat, tears and hard work of ordinary people over thousands of years, SOLD to buy US Dollars and Euros.
FFS
How and why Gold got value and who created that value?
The Gold didn't do anything it's still the same ounce that was yesterday, last week or last month what happened is the Dollar lost its value because you need more dollars to buy the same ounce of Gold, he said in the 70s Gold was 35 Dollars one ounce, now is 2700 the same ounce of gold,
@@MrManny075 I meant where and who gave it a value in terms of ancient time? Did the Gods, outer worldly presence defined it? Who?
Is it true that the one million tons of gold hoarded by Hitler from the Jews and by Yamashita from the Chinese is just tungsten?
Food in the states getting more expensive why? Thats very interesting.
Use common sense you understand why, it's not that food is getting expensive it's that the dollar is losing its purchasing power, meaning devalued, the more they print the more they devalue the currency, Gold is still the same Gold one ounce of gold is still is the sill the same what change is you need more dollar to buy the same ounce of gold that what inflation does, look at zimbabwe or Venezuela they have lot of cash but they are worthless they need so much to buy so little, now do you get it?
Re Sumer history of seasonal credit, economics and gold chase up Michael Hudson's books & TH-cams - also Jubilee debt write off..♡
Gold premiums in the uk were approximately £50 on an ounce for a good while…they have just popped to £85..is retail waking up🤔
That's annoying just to but I would still take that bet given there is little supporting the £. Not as this annoying as this advert wanting me to trade in the pension pot for his commercial property
Keep on rockin’ SSS. You are the most intelligent voice crying out in the universe! Con sin dupta.
The first was correct. The Lord Himself made it ❤
genesis 2. 11
Everything material is basically as old as the universe
I was hoping someone would point that out.
Mr Macleod is great but being retired from a very technical career, that comment kinda went klunk.
Tut Anch Ammon will go on shining when we're all long gone. But when we want to fly to Egypt we'll have to pay in 💷, 💵 or 💶. Please don't forget that.
AT THE BEGINNING CREDIT WAS BASED ON REAL VALUE.
NOW ALL THIS MIMBO JUMBO CREDIT SYSTEM IS BASED ON SMOKE, ILLUSION AND DELUSION!
THEREFORE MUST GO!
King Solomon Gold is the GOAT🤗From The Land of Ophir🤫
So why is Africa lauded with gold - why isn’t there abundance of gold in Europe- make it make sense - this story and scenario is confusing.
Maybe !!!! He is very practical and savy in business!!
Excellent conversation. Thank you.
Gold is 100% my fav investment.I was born 1971 when history went wrong with a non Gold backed dollar. Fascinating viewing right here. 👍
Gold did nothing between 1975 and 2005.
@carlyndolphin this true. Cycles same can be said for the general stock market. Far worse...
# 1929 - 1942 13 years no gains
# 1966 - 1982 16 years no gains
# 2000 - 2020 13 years no gains.
Good chance after next crash there will be no gains as its too inflated with money printing.
The point of Gold is being the safest storage of wealth and survival. You can buy bread with Gold if the internet is down and feed your family. Countries around the World are hoarding Gold as we speak because of potential war and definatly recession. If there dollars and Markets fall they still have Gold and it goes up.
How I play it, is Im allways in Gold ( Silver) , I play the Gold Miners with the cycles buy at bottoms and sell when Gold is topping . Also play the markets and little butcoin. Hence my TH-cam name I buy the sectors that have a edge over the others. Gold overall, Long term has performed 6 - 8 % per year. Yes the S&P has 10-11 % performance overall. But ! Because I buy miners when no one wants them Im getting on average long term 20% per year. Plus Im playing the winners that have a edge in the outperforming sectors. But meanwhile my Gold is just plodding along perserving my wealth.
@@carlyndolphin it doesn’t do anything. Its value is intrinsic. West manipulated pricing to play the PERCEIVED, not intrinsic , value of fiat dollar. If priced fair today - with the crap shape of dollar - it should be probably 100 times more.
@@DivinaAncelet-i7p
$1 invested in stocks in 1800 would be worth $500 million today, adjusted for inflation $1 million.
$1 invested in gold in 1800 would be $78 today, adjusted for inflation $3!
Look at the difference between $1 million and $3!
The only benefit of gold is that it has hedged against inflation. It’s not a wealth builder.
Maybe gold is going to play an important rôle in the future. Unfortunately we'll all be dead by then.
Tarrifs without the FED will work.
There is not such a physical amount gold of the every country in the world goes for 100% gold
False. It is just a question of setting the gold price to the required value
Gold did nothing between 1975 and 2005. In fact it lost value in real terms. Historically, stocks have outperformed gold.
Haggai 2:8-9
New King James Version
8 ‘The silver is Mine, and the gold is Mine,’ says the Lord of hosts. 9 ‘The glory of this latter [a]temple shall be greater than the former,’ says the Lord of hosts. ‘And in this place I will give peace,’ says the Lord of hosts.”
That is the same for most minerals. I like gold, but your reasoning is not plausible.
Past performance is no guarantee of future results
Rare amazing nuggets of gold from two wise gentlemen. Thank for this video.
A lovely long chat between gold salesmen.
And.... The important aspect is what they said, which was bang on..
An interesting and informative discussion, thanks.
How will gold survive climate catastrophe like Spain. Net is fragile so Bit Coin can disappear with war or dictatorships like US and UK presently have. Real wealth is a co operation of society.
So....The mining of gold and where it's going is vital knowledge. Who controls the release of this huge source that is presently hidden. Could this crash the value of gold. Can lead become more valuable than gold once science technology masters transmutation?
BIS WILL NEVER ALLOW GOLD TO OVERTAKE THE DOLLAR.
God made gold and silver
Since 1971 credit (debt) has exponentially grown. Gold is real value. At almost $2,800 isn't there a direct correlation to the world's massive debt bubble? Has it really disconnected from fiat paper currency?
Sure carry around 10 gold coins and pay for anything in front of people. Think u will make it home, especially in some neighborhoods. No u will want paper or plastic. Dare you
Gold did nothing between 1975 and 2005. It lost value in real terms
Maybe so. But this is now. Purchasing power now has realized a much greater loss than just after the gold standard prior 1970's.
@ There has always been inflation. People earn more now than they did previously. Everything doubles every 24 years approximately.
Silver hasn’t
If the gold you own is paper gold then you have yourself some very expensive toilet paper.
I own spot gold. Also own global stocks. Personally I prefer the latter
by leaving members of family as collateral
While the Laffer Curve is true by definition ( 0% and 100% tax rates both yield zero tax revenue) nobody has yet produced a coherent explanation of the shape of the graph curve. As a tool of policy therefore, it is of little use. Economics 101
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. The scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin, and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have a limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
Presious
Hör due bis zum Schluss an
I think gold's enduring value lies in its scarcity and versatility, making it a solid investment diversifier, particularly during times of inflation or market volatility.
For sure, Gold's performance during the 2008 financial crisis and the COVID-19 pandemic highlights its potential as a safe-haven asset. Now I'm thinking of ways to incorporate gold into investment portfolios
Consider allocating 10% to gold and other precious metals, using ETFs and physical storage. Diversification is key, especially with the rise of alternative assets.
Yeah, Alternative assets can provide unique opportunities, but require careful consideration of risk and regulatory environments.
Personally, I think seeking guidance from a seasoned financial advisor, is essential for making informed decisions in today's markets.
Yeah, I've been considering hiring a financial advisor. My friend even suggested I consult Eric Paul Elmer
Alasdair always reminds me of Roger Moore...
Really, is that how gold came to be...wow....hold up to bying and selling, leave the history and fysics in peace, please.......man...
First time I've heard Dominic Frisby and I didn't fall on the floor laughing. Great stuff.
That was a great discussion. Knowledgeable along with two people not talking over each other😊
Dear Alasdair,
you may buy gold and all the rest of it. But the winners of WW III woun't be able to use your gold, even if they find it: It will still be too radioactive...
Other options Bitcoin Ethereum Solana Chainlink Bonk 😊
❤❤