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Cameron Long
Gold isn’t really a hedge against inflation, although it can be protection from it. What it really represents is trust, or lack thereof, in the political system and elites. If you think the system is going to be highly corrupt, and people are going to be treated by garbage by elites and politicians, abused, have their rights attacked, then gold is a sure bet.
Agreed. When adjusted for inflation, it’s quickly apparent that gold today is worth FAR less than it was in 1980. This “all-time high” talk these days is wildly misleading.
Good point. Thank pretty much sums up why I like gold – I have no faith or trust in the government or the banks or anyone “in charge”.
Cycles, COT Positioning, and Sentiment are relevant factors in predicting the price movement IMO. An understanding that PMs are manipulated is also very important
JPMORGAN pays a “fee” to manipulate the markets🤡🌎
@@Alan_Greenspan Correct. The ‘regulators’ ‘fine’ them a tiny percentage of their profits and nobody goes to jail. Rinse and repeat
My friend paid £2million for a house he didn’t live in in 2006 and sold it this year for £2.25 million. If he’d have bought gold, he’d have £12 million now.😅 He doesn’t like me to mention it, though 😂
Wow. He bought at the second worst time in history, but selling this year was a good move in preventing further losses as the real estate crash is only just beginning to form.
Ouch
He had 2M pounds to throw around in 2006?
I was going to be sarcastic and say, ‘do you know what a mortgage is’ then I thought… a 2 million dollar house is still a mortgage normies couldn’t afford in 2006@@AlphaAurora
“ItS aBoUt TiMe In ThE mArKeT nOt TiMiNg ThE MaRkEt”
Didn’t gold go parabolic at that time most in part to the spot etf getting approved?
Gold isn’t going up, the value of the dollar is going down.
Generally, gold price is manipulated to mask the decline of the value of the dollar, and we’re all just waiting for those tricks to reach the end of their ability to be played.
This. It’s manipulation by CME. And devaluation of USD.
So glad others get this as well
Austrian economists know.
Whichever Gold will reach 2500 next year with HUGE EVENTS happening world wide 😉
Yep 🎯
Interestingly, this is the one thing he doesn’t mention.
Gold and silver are two of the most manipulated commodities in the world (evidenced by the massive fines dispensed to JP Morgan and others). So, to consider the effect on pricing without identifying the manipulation is not reasonable. They “change” the pricing to arbitrage between different assets in the “off season” and then it does its job as a long term preservative of wealth. I appreciate George’s honesty on this one!
In that case it’s pointless to try and figure anything out, just follow the big money
This is what ive been saying
except what you are talking about is paper gold related to paper currency. The purchasing power of physical gold never really changes over the long term, making it the true store of value over time.
George ; I believe the gold market is manipulated , yet all the major banks have loaded up on gold & silver.
So basically, you’re saying the price of gold will fluctuate!? Genius, George, genius! (Can I get my 13 min and 51 seconds back?)
I felt cheated to at the end.
According to reports, Central Banks of the world have been buying gold at record rates. Unlike US treasuries , gold has zero counterparty risk. This could be the ‘why?’
Haven’t China and India been on a hoarding spree?
Appreciate the honesty George G, quality content and insights as usual
Why would we NOT follow what the central banks are doing and buy more gold if and when they do?
If you wait for a dip/crash to buy – doesn’t the rise in premiums make up for the drop in spot price? Love your honesty.
I’m hoping to end the rat race by 60, I’m 52, $600K net worth. Money is a liability, not an asset. You have to exchange it for assets that represent real value. Real estate – properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest) So, what is it with Gold?
Gold has a top performing asset over the last 30 years.
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this adviser you work with, I’m intrigued and I could use some quality guidance
I’ve shuffled through a few advisors in the past, but settled with ‘Nicole Desiree Simon’ her service is exemplary. I’d suggest you research her further on your browser, sure you’ll find her basic info.
Thank you for this tip. it was easy to find your mentor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
As a general rule, from an uneducated novice perspective, I used to regard a rise as indicating a global unsettling event and a fall as indicating the resolution of that. For the last year or two, gold has performed in the opposite fashion. I assumed it was being used to cream off large profits, which also acts as a safety valve on price, and I think they’ll carry on doing that, if only for the fun of it. I only want the stuff I can hold myself and its yield is irrelevant. Its there for my children.
institutional buying into SYN24R could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.
🤣
They will both serve a function and niche. SYN24R has a lot more momentum right now and will decentralize as it scales
😂
I like both, but I think SYN24R is gonna be utilized sooner.
I have a fairly large holding of SYN24R. And 90% or it is because I believe in the asset itself. Its actually the chain that makes me want to dev on top of it and learn Haskell.
Been stacking a lot of SYN24R and cash after DCAing a bit this year. Will buy more at least around the November December lows and below
Love Georges work, honest and easy to understand for the low educated like myself, thanks a million 😊