I'm unconcerned with where gold is going. Over the course of my life, I've seen $35 all the way up to $1900+ and I know the trend is ever upward, as the dollar goes ever downward.
Started really investing in gold in 2015 knowing this overflow of $, €, ¥ and all other major currencies with huge debts wouldn't last for years and years. Ok, got in early when gold was at 1215$ an ounce but when you know what'll happen who cares if you're an early investor ? So yes I accumulated gold from then on and my patience, yes PATIENCE has paid off. My family know I'm not an impatient person and have profited more than I from what I've told them to do as they started accumulating gold in october of 2018, just days before golds move upwards. But I vividly remember a Peter Schiff podcast a few years back who said "who cares if you're early" that you bought gold when it was at 1215$ or even 1250$. It's not the 35$ difference between the best time you could have bought gold and when it's at 1765$ as of writing. You won't think about those 35$ when it'll hit 3000$. The important thing is to know where all this is going and to let it play itself out. Profiting from other peoples distress ? Maybe, but I'm not the one in charge and creating havoc and pyling on debt. Say that to Trump, to Powell, to Lagarde, to other european leaders. They're the people responsible for this crisis. The coronavirus isn't even the culprit as we were going down that horrible road anyway. Why did gold go from 1215$ in october of 2018 to 1680$ an ounce before anyone cared about the coronavirus ? Because things were really bad in the economy. Remember december of 2018, worst month on record for the stockmarket since the 1929 great depression, only "saved" by the trillions printed by the FED on the fourth of january 2019 ? Remember the three interest rate cuts in 2019 when they were supposed to hike them ? Why do you think they cut interest rates ? Do you cut interest rates when the economy is floroushing ? Remember the REPO market that started last october ? All those trillions that lasted till the coronavirus crisis. The coronavirus replaced the REPO that's all. I really don't get all these people who keep telling you that there are a few problems but nothing that can't be solved. I'll say it once and for all THEY CAN'T SAVE THE SYSTEM !!! If they could they'd have saved it decades ago when it was still possible, when the FED was printing a few billions and not trillions, when the US debt was manageable but not at 24 trillion. Sorry, there's no way out of this and they know it. Frightening prospect to day the least as we're all going towards the unknown and the unknown isn't rosy, that's for sure.
This interviewer is excellent, he’s doing a great job asking the “tough” questions that MSM will NOT ask, and he follows up challenging the answers. Well done! 🙏🏾👍🏾👏🏿👏🏿👏🏿
2:31 That’s a fantastic differentiation - this is “monetary debasement”, NOT “credit inflation”, and that’s why gold is responding so well. Love this guy, very logical and particular with his words.
What's that $2.00 can of soup gonna cost, $5.00 - $8.00.. when gold is $5k - $10k.. Cans of Soup (on sale, usually in the fall) are a good inflation hedge.. Don't get me wrong, I own some gold, But I like to eat soup..
Get physical in your possession every chance you get. In this environment that is not getting better any time soon the price in U.S dollar or any other currency is irrelevant. Weight and purity is all that matters.
I'm a gold bug, and generally agree. Gold doesn't make its meteoric rise until the dollar dies, and the dollar is still the global currency. Meanwhile, money printing will resurrect the stock market, make the economy look good. But, this is the 'last hurrah'! In a couple of years, either everything unravels for good, or there will be a timed reset that replaces the fiat dollar with a new money, which save the day! Either way, gold will shine!
KItco's predictions have historically been wildly optimistic and inaccurate. With this being said, I think gold is much more likely to perform by year as follows: 2021 - gold 1,800 2022 - gold 2,000 2023 - gold 2,100 2024 - gold 2,200 2025 - gold 2,300 Gold is a great thing to hold but when Kitco plugs 10,000 an ounce gold I can agree if they say gold will be 10,000 in 2040 - not before.
Go to usdebtclock.org, scroll down on the right and click gold/precious metals. Gold to dollar ratio is now at $31k and rising. I don’t see how gold cannot go up with all the money printing.
Any chance you guys can upload videos on the actual date or at least put the date in the description. Leading with the host saying this week stocks are up, when they aren't, isn't good.
On tv in Europe you're starting to see adds from companies wishing to buy gold (jewellery, coins, etc...) companies based in Spain, something I hadn't seen since 2012.
3000 USD gold is probably just the next equilibrium price after the moon shot if the FED eventually get everything back to sanity with Paul Volcker part II.
When Kitco says the Fed's assets, they mean the US right? Nothing fundamentally wrong with Canada except that our economy is so closely tied to the US. And that's the same with the rest of the world.
Are u serious please just stop it ..the price is falling and the metal folks are always hyping ...just go to $50,000 ..u know u want to predict that ...someone here will I guarantee.
Gold just barely made it over $1800 today. $3000 is a pipe dream at this point, although certainly attainable over time. $10,000??? Not in my lifetime, or anyone else's for that matter.
when are we getting over $2000?! seems silly to talk about these huge numbers, when they have been printing money like crazy all year and prior years, stock market is completely propped up, trade wars, global pandemic & gold has barely moved up....gold should already be well over $3000...conditions will never be this good yet here we are
I'd like to preface my comment by stating I do own physical gold and silver. I don't plan on selling anytime soon, it's for emergency use in the future. And I'm still actively buying when the prices and opportunity are available. So, if you really believe gold is going to hit an unimaginable number in the near future. Why would your company not hold all of the physical gold possible? And quit selling it off to folks like us? You're pushing G&S as an investment to us. Why would you not follow your own sales pitch and hold it all?
I'm unconcerned with where gold is going. Over the course of my life, I've seen $35 all the way up to $1900+ and I know the trend is ever upward, as the dollar goes ever downward.
Started really investing in gold in 2015 knowing this overflow of $, €, ¥ and all other major currencies with huge debts wouldn't last for years and years. Ok, got in early when gold was at 1215$ an ounce but when you know what'll happen who cares if you're an early investor ? So yes I accumulated gold from then on and my patience, yes PATIENCE has paid off. My family know I'm not an impatient person and have profited more than I from what I've told them to do as they started accumulating gold in october of 2018, just days before golds move upwards. But I vividly remember a Peter Schiff podcast a few years back who said "who cares if you're early" that you bought gold when it was at 1215$ or even 1250$. It's not the 35$ difference between the best time you could have bought gold and when it's at 1765$ as of writing. You won't think about those 35$ when it'll hit 3000$. The important thing is to know where all this is going and to let it play itself out. Profiting from other peoples distress ? Maybe, but I'm not the one in charge and creating havoc and pyling on debt. Say that to Trump, to Powell, to Lagarde, to other european leaders. They're the people responsible for this crisis. The coronavirus isn't even the culprit as we were going down that horrible road anyway. Why did gold go from 1215$ in october of 2018 to 1680$ an ounce before anyone cared about the coronavirus ? Because things were really bad in the economy. Remember december of 2018, worst month on record for the stockmarket since the 1929 great depression, only "saved" by the trillions printed by the FED on the fourth of january 2019 ? Remember the three interest rate cuts in 2019 when they were supposed to hike them ? Why do you think they cut interest rates ? Do you cut interest rates when the economy is floroushing ? Remember the REPO market that started last october ? All those trillions that lasted till the coronavirus crisis. The coronavirus replaced the REPO that's all. I really don't get all these people who keep telling you that there are a few problems but nothing that can't be solved. I'll say it once and for all THEY CAN'T SAVE THE SYSTEM !!! If they could they'd have saved it decades ago when it was still possible, when the FED was printing a few billions and not trillions, when the US debt was manageable but not at 24 trillion. Sorry, there's no way out of this and they know it. Frightening prospect to day the least as we're all going towards the unknown and the unknown isn't rosy, that's for sure.
I predict that gold will go up and down up and down up and down with a general trend upwards.
Please have Dan Oliver on your show more often. He knows what’s going on.
This interviewer is excellent, he’s doing a great job asking the “tough” questions that MSM will NOT ask, and he follows up challenging the answers. Well done! 🙏🏾👍🏾👏🏿👏🏿👏🏿
If a Bitcoin can be 9000, why gold can't ?
This guy Dan Oliver knows what he’s talking about. Good episode!
How long took God / Universe to create gold and land? Billions of years. How long it takes to create dollars? Few seconds and one funny fellow
Gold platinum & silver are the only safe place for your money for the whole of 2020
2:31 That’s a fantastic differentiation - this is “monetary debasement”, NOT “credit inflation”, and that’s why gold is responding so well.
Love this guy, very logical and particular with his words.
Great guest! Hope to hear from him on a more regular basis in the future. JS
3:34 "The entire world has been on a debt binge" - simple and well said sir!
Gold going to $10,000!? Wow, I’ve never heard that before on this channel!
When it hit 2k , then we can talk further
No one wants 10,000 dollars gold! A loaf of bread will cost 100 dollars....
What's that $2.00 can of soup gonna cost, $5.00 - $8.00.. when gold is $5k - $10k.. Cans of Soup (on sale, usually in the fall) are a good inflation hedge..
Don't get me wrong, I own some gold, But I like to eat soup..
Get physical in your possession every chance you get. In this environment that is not getting better any time soon the price in U.S dollar or any other currency is irrelevant. Weight and purity is all that matters.
Most miners show pathetic earnings though, quarter after quarter, makes zero sense.
This guy sounds a lot like Peter Schiff. That's a good thing.
I'm not so worried about gold going up with stocks. I'm more worried that gold will go down with stocks as well.
That was excellent really like your guest's take on the current financial realities....
Wow. I will be able to buy a lot of silver when gold hits $10,000oz.
I'm a gold bug, and generally agree. Gold doesn't make its meteoric rise until the dollar dies, and the dollar is still the global currency. Meanwhile, money printing will resurrect the stock market, make the economy look good. But, this is the 'last hurrah'! In a couple of years, either everything unravels for good, or there will be a timed reset that replaces the fiat dollar with a new money, which save the day! Either way, gold will shine!
Dan has a new book to sell.
*But he's one of the very few with a brain to analyze gold as a hedge going forward into the abyss*
All in with gold..10,000 dollar per 1 oz of gold is very nice😂👍
If Gold hits 10,000 then a gallon of Milk will cost 30 dollars so I’m not to excited with these clown
predictions
I'm still waiting for 50$ silver
Another great interview! Keep up the good work!
Loved Dan Oliver. Definitely need to make him a regular, so knowledgeable.
If the paper markets didn't exist gold would be $30000 and silver $3500.
KItco's predictions have historically been wildly optimistic and inaccurate.
With this being said, I think gold is much more likely to perform by year as follows:
2021 - gold 1,800
2022 - gold 2,000
2023 - gold 2,100
2024 - gold 2,200
2025 - gold 2,300
Gold is a great thing to hold but when Kitco plugs 10,000 an ounce gold
I can agree if they say gold will be 10,000 in 2040 - not before.
Dan Oliver gave a good overview of the situation. Thank you. I appreciate the lack of fluff from him. He was direct and informative.
Go to usdebtclock.org, scroll down on the right and click gold/precious metals. Gold to dollar ratio is now at $31k and rising. I don’t see how gold cannot go up with all the money printing.
10k.... alright alright alright lol
You may agree or not with his thesis, but there isn't anything wrong with at least having some gold as a hedge.
Also remember the Central Banks now count Gold at 100% dollar value and they have also begun to buy MUCH more GOLD !
Great interview, this guest has a detailed and smart view of the currency balloon.
Any chance you guys can upload videos on the actual date or at least put the date in the description. Leading with the host saying this week stocks are up, when they aren't, isn't good.
50,000 gold
Eye opener
in 2011 "experts" predicted gold price would reach $15.000
this man is one of the most competent voices I have heard in years.
this guy speaks well and communicates ideas very well
Pump the brakes gold pumper. Too many shorting gold. Why don't you go with some realistic numbers like maybe $2500 long term.
Superb interview and guest. Brilliant summary and forecast.💯👏
Mr Lin and Mr Oliver are brilliant. The questions and answers were masterclass level, but said in such as a way the lay person could appreciate.
The fed has 300 tons of gold on their balance sheet ???????? Never heard this before
Insightful reasoning with a technical angle. Never thought about the asset and liability side of things on the Fed's balance sheet. NICE!
Gold Prices have been on "a tear" this last week? On what planet
On tv in Europe you're starting to see adds from companies wishing to buy gold (jewellery, coins, etc...) companies based in Spain, something I hadn't seen since 2012.
Bitcoin, gold, silver, guns & gadgets!
I heard that last year that if they went with the original formula for good price it would be over 10,000 right now
3000 USD gold is probably just the next equilibrium price after the moon shot if the FED eventually get everything back to sanity with Paul Volcker part II.
Wonderful session. Respect from India
Excellent chat, good questions, knowledgeable guess.
Gold will not hit 3k even, Because crypto is what the people will start to run too. It is only the older generation that are pushing gold.
Great interview, finally someone talking some sense!
when gold is at usd10k then who is the buyer..??or who is the price chaser that make gold going to usd10K ??
Very clear and concise commentary.
Financial situation has been melting down since 2008 & beyond !
Great interview.
I'll almost certainly buy gold again...
but after people stop piling into the USD as a 'safe-haven' asset.
8:10 great question to think about as we move forward. How will they try and manipulate the collective thought process...
Always good to have an insurance policy before it happens
What’s best to get for regular folks bars or coins ?
Great comments... and about the juniors at 9:48... perfect storm for $ORE ...
When Kitco says the Fed's assets, they mean the US right? Nothing fundamentally wrong with Canada except that our economy is so closely tied to the US. And that's the same with the rest of the world.
GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOLD!!!!!!!💰🤑💰
This man is Spot on Correct.. Listen to him!!!
The ONLY asset they suppress is silver! Silver is the bank KILLER!
Are u serious please just stop it ..the price is falling and the metal folks are always hyping ...just go to $50,000 ..u know u want to predict that ...someone here will I guarantee.
Agree 💯👊. I will keep gold bars 💖 stacking...... 💖💖💖💖
It's been in the $1, 700 mark for over 4 months.
Most stable element vs unstable ideas I agree with ya dan
Good thing I can hear very quickly. :-)
What about the price of silver, and will that prices go up worldwide?
Gold,crypto and Silver will moon😎
Some of the questions were not very bright.
Great interview and I like the new studio. There's a little echo, just fyi
Gold just barely made it over $1800 today. $3000 is a pipe dream at this point, although certainly attainable over time. $10,000??? Not in my lifetime, or anyone else's for that matter.
their gold will vipe out debt
What is the best way to buy gold and silver??
Gold bugs remind me of the "Da Bears" skit on SNL where the Chicago fans sit around and dream up absurd outcomes. Sure, $10k, why not
Let the Fed keep printing.and I will keep stacking 😀 great video again. Eneything is possible at the moment .
I say it is 1 million per Oz!!!!!
2500/OZ GOLD I'LL SELL THEN
What is more doable for a regular person gold bars or coins and do banks buy gold from regular folks or just dealers
Just a quick note. Don't say can't. Don't Say Never. There's been a lot of Nevers and can'ts happening lately hasn't there?
Very knowledgeable guest but he speaks much too FAST.
You're saying I am not going to get my gold dip??? Sad, I am very, very SAD!!! IMHO
Lol. First let’s cross $1800 and then we can talk about $10,000.
I guess part of Fed's assets are foreign currency such as GBP and Euros?
Thank you 👍
I hope gold doesn't reach 10k. That means the world ended.
kitco is gold investors funded site which is spreading rumors
Whoever. Caused this fed prison
when are we getting over $2000?! seems silly to talk about these huge numbers, when they have been printing money like crazy all year and prior years, stock market is completely propped up, trade wars, global pandemic & gold has barely moved up....gold should already be well over $3000...conditions will never be this good yet here we are
I'd like to preface my comment by stating I do own physical gold and silver. I don't plan on selling anytime soon, it's for emergency use in the future. And I'm still actively buying when the prices and opportunity are available.
So, if you really believe gold is going to hit an unimaginable number in the near future. Why would your company not hold all of the physical gold possible? And quit selling it off to folks like us? You're pushing G&S as an investment to us. Why would you not follow your own sales pitch and hold it all?
People are wishing for 1800 these guys are talking about 10k. Lol
XAUUSD WILL DROP NOW OR WILL KEEP RISING?