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Cameron Long
$2600 is a joke it way under valued here as the printing machines are just getting warmed up 🎉🎉🎉
Who says it’s undervalued?
True dat
if gold breaks 2500, or oil breaks 100, money printer go BRRRRRR and the plunge protection team goes into overdrive
GOLD is 2522 right now bud
Go long software and printer ink to help manage the situation on the screen 📺
oil going down for the immediate future
Just see how many countries are buying it Brics
Lots of non BRICS Poland for one
Gerald C said in January it’ll hit $3k this year. I bet he is right
G Celente is always right
Celente is the “ man”
People need to understand….Gold dont increase in value…it stays the same…it just takes more of your “Fiat” to get the same amount of gold.
@@YeetusYeet73 when someone manipulates and naked shorts commodities going into an Equity crash. All bets are off.
Mostly yes, until it goes nuts
So if I have 10 trillion dollars and buy as much gold as I can for the nest week, it will stay the same price?
Not true. From October 2008 until end of 2011 there was no big inflation problem of goods and services but gold double in price those years. If you bought in in late 2008 and sold in late 2011 as many did you got rich and the cost of living actually went lower at the same time.
@@matrixist Yes. X ounces of Gold will remain X ounces of Gold.
Record global real-debt. Record govt real-debt. Record consumer real-debt. Record corporate real-debt.
The Fed is ready (again) to print bank bailout money in the upcoming recession.
Gold is a screaming bargain. Get it while it’s still under $3,500.
What about silver?
@@tonyh1345silver will follow and outperform gold. Silver is the only asset that can divide gold.
@@tonyh1345 Silver is already up 200%+ since 2020. It will go up but it lags gold by quite some time.
@@tonyh1345 Silver will likely bubble, like the last two times. You sell into that.
The bank bailouts will use the money in the accounts of the bank.
George this is very simple, when you destroying your fiat currency and every countries are doing the same you will be left with no options.. Gold will be the money again.
xrp
No it’s not that simple.
Exactly. His point about the value of the dollar is not correct as he was measuring the value of the dollar on the basis of its value relative other fiat currencies and not its value relative to asset prices.
@@musicjuly3415 honestly for me makes no difference they are all toasted
@@joshuarasmussen641 no is no simple? then is complicated! Up to you buddy!
Im no longer an investor, i want to preserve my wealth, lifestyle, and safety in what i think is coming. If im wrong, I still win.
My thoughts exactly
Agreed
So you missed out on the 15 year stock run… damn that sucks lol
@@charlesfuchs yikes
But it is the definition of investor. You want to preserve the value of money you already earned.
The best reason to hold Gold is to get wealth out of the system and free of counterparty risk.
Exactly!
@@auntiefiat9769 I’ll gladly sell you a bag of cabbages when you’re starving for that one ounce of gold. 😁
@@TheMostSlyFoxyou won’t have enough cabbage on your farm for an ounce of gold, SOON!
@@TheMostSlyFox you will when all you cabbage starts to rot all that time and energy destroyed 8n a matter of weeks. That’s why h7mans looked to metal to store our time and energy.
@@dustinmiller2775I’m glad I was buying in the last few years, gold bull run ahead this decade
I’ve always thought gold went up in the 70’s due to panic with Nixon closing the gold window “temporarily 😂” and thus placing every currency on a FIAT system.
This never collapsed the world’s economy’s so the “Keynesian” economists convinced central banks in mainly the west that gold was irrelevant so (approximately) from 1980 to 2000 we had the western consensus that deficit reduction was not good…printers going BRRRRRrrrrrt was great 👍…more debt the better.
From 2000 non western countries started realizing that western countries where just running bigger and bigger deficits and where trying to figure out how to get away from it…hence the slow rise of BRICS, which is now rapidly expansing.
So after 2000 Keynesian evolved in “MMT” (modern monetary theory) which is where western countries like the U.S.A just print “trillions” to buy things of countries and expect these countries to be “happy” that the U.S.A just goes BRRRrrrr non stop, no trade surplus, we give you worthless paper for your products, not any fiscal responsibility, just endless money printing….🤷♂️…so add in sanctions, theft (Russian, Iranian, Venezuelan etc), proxy wars (Ukraine, Libya, Iraq etc) and ideology ( wokeism, color revolutions) and the sane countries want money based on a real tangible asset…so back to gold in some form….less counter party risk as well.
BUT this is only a brief summary of my theory (personal opinion), as I left school at 15 (in my 60’s now) and have no education, I’m just a retired house painter, so I’m probably way wrong ( a delusional person).
Regards from Australia 🇦🇺🦘
I’d say you are spot on. I’m a 40 year old Ex-Sniper that cuts Grass for a living.
🎯 as a fellow Aussie, you make me proud with such a comment.
You got the MMT part correct and the printer going brrrrr to pay for 40M illegals correct. All paid for by the US taxpayer enriching all the political maggots NGO friends and family. It’s almost like they know people are that stupid. Wake up world, financial capitolism capitolism is a global phenomenon phenomenon, this is not rhetoric this is FACT. Vote like your lives count on it. Marxism/Communism is here and done right under our noses. The political class criminal syndicate needs to get run out of office. Dems & Rinos both must go forever. You guys in this thread need support, you definitely have mine.
“Nothing goes up in a straight line”-
What about unemployment? 🤣
It goes to the moon lol
Just hit $216k in my emergency fund, now I’m ready to dive into investments. I aim to avoid FOMO and look for dips to buy. Am I better off investing into Gold as it seems stocks are a little too unstable right now?
Overall, most investors still think this year would favor stocks, and other equity-based investments over cash-like investments. Don’t put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a CFA.
Accurate! asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
@@CaroLewis-j8k good gains, awesome! how can i connect with your advisor if you dont mind me asking? would like to seek profesional advisory to expand my investment
She goes by ‘’Katherine Nance Dietz’’ I suggest you look her up. To be honest, I almost didn’t buy the idea of letting someone handle growing my finance, but so glad I did.
excellent share, just copied and pasted Katherine Nance Dietz on the web, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
So why are central banks and certain nations buying so much gold?🤔
Because they’re planning to introduce the Reset. Even though they’ll introduce a digital currency they will still own most of the world’s gold! “He who owns the gold, makes the rules….” – The Golden Rule 🙄🤨🤔🤦♂️
Gold is real money, that is all. Don’t hold it thinking that you are going to sell it for what…fake money? Gold will buy tomorrow what it buys today. That is what wealth preservation is all about.
That’s why they call it “PRICE MANIPULATION”. JP Morgan was fined $1 billion for it and I’m certain the other large banks are in on it. You can’t convince me that metals weren’t in demand while we’ve been making all these iPhones, laptops and televisions the last 25 years. Now we’re on to EV’s and solar panels…
I think the manipulation is greater with Ag.
Gold is going higher because the people are losing confidence in their government.
True but lots of other reasons as well IE war, threat of escalation, lower interest rates coming Real estate and equities in bubbles
Gold is going higher because the dollar is being devalued.
Gold is going higher because the non western world wants out. Once the BRICS (10…50 countries) are out by buying Gold and launching their Gold backed trading system, the western FIAT is on death row. 2-3 years and done.
Gold is going up because the economy is going to collapse. The dollar has been getting devalued for over 100 years.
Gold is money, everything else is credit.
Gold is a vote of no confidence…
The ‘price’ of gold is indicative of of how badly our politicians are interfering with the commercial performance of their economies.
IMO, this is the most well thought out thesis I have seen presented to date… level headed, logical, and fact-based. Thanks George for your diligence in bringing to your audience another quality white board discussion.