Sure, rising interest rates make gold less attractive because it doesn’t pay interest like bonds or savings accounts, so people might shift away from it. And when the dollar is strong, gold becomes more expensive for international buyers, which can push prices down
Yes, I do, in the long term at least. There are always fluctuations, and right now, inflation fears, geopolitical tensions, and even talks of recessions are making some people lean toward gold as a hedge
If those risks persist or even worsen, demand for gold could rise again, even with interest rate hikes and a strong dollar. It's about balancing the risks and rewards
With the Fed cutting interest rates by 50 bps, what do you think will happen to the stock market? My portfolio has performed exceptionally well this year, but I am concerned about the possibility of a market crash and losing my gains though it's all on a brighter and splurging side for Gold, should I look that way?
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
Great gains there! mind sharing details of your advisor please? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time.
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Brent! I don't know if you realize it yet but you're becoming a bit of an influencer for your humble attitude and your integrity.. 👏👏 A calm voice in crazy times
"Relative to" is the key. The dollar depreciating relative to housing, energy, health care, and food in the U.S.. The dollar appreciating relative to almost all other fiat currencies. The dollar depreciating relative to gold.
@jp92382 it is the collossal debt. The debt destroys value and rots rhe dollar. It will simply not survive.... like all empire money. Fiat has a 100% failure rate. Gold has a 100 per cent survival rate.
Gold is historical money ... while fiat money is a fractional claim against gold. Fiat is credit. Credit disappears in violent crisis like wars or collapses.
I am just a student of economics, but I agree with Brent. The global uncertainty level is trending non-linear. This creates a corresponding increase in overall flight to safety to either Gold or US dollar. Naturally, a 50bps reduction has immediately pushed the safety seekers more to Gold. But I think there is a symbiotic resonance cycling going on between gold and dollar that is fueled by global dollar liquidity. So the DXY will likely be a good bet to come back strong once this current easing cycle completes as there are still vast numbers of dollars in the world to be sucked into the straw.
Huge amounts of debt has to be rolled over in the next two years. The Fed and the Treasury want rates low while this happens, this trumps everything else. Bonds lower yields , stocks higher.
Just because they want the countries to default on the debt to introduce their new system. Fthem! You guys will survive too just not all of you! It's just your time now to ve sacrificed. If you weren't smart enough to weed them out like all the other empires around the world in history 😊
I think this is a very sound analysis of the status quo. €, £ and ¥ (etc etc) are more doomed than the Dollar .... so Gold and Dollar will do very well vs the 'foreign currencies' over the next years (or decade) ... these two currencies will be king ♔👑 .... I would not short Gold right now ... yes .... it can pull back ... but it might just continue moving higher ...or find support at 2600 or 2500 (and rather go sideways). Not worth the risk shorting this thing ...IMHO .... as Gareth Soloway was saying in a recent interview : Gold (the chart) has been running a marathon and might need a rest before moving higher (direction 3000).
The crazy part is 100% the US, and besides that the crazy money printing. And than the BRICS The US and the dollar are doomend. Gold is the real sense in this world and not the dollar, euro or bitcoin.
Hi Brent, I watched your Zerohedge panel with Michael Every, etc. then became a regular listener of the Milkshake podcast & reader of your tweets. Thank you so much for the quality content! I appreciate the time you spend educating your non-investment-professional audience, and also the nonreactive way you deal with the bonkers twitter community. Keep up the great work, it has more impact than you know.
1. Sell your money in specie to the customer at face value. 2. Borrow the money in specie back in the form of customer advances. 3. Accept payment in specie at face value for goods and services. 4. Settle payment in species with the customer’s deposits. Done.
🏆🎯 Dear Brent, my apologies for not writing you five plus years ago when I first heard you speak about the Milkshake Theory. You are my Main Source of information regarding the DXY and its direction. I am a goldbug at heart and do believe in your theory and follow your train of thought. Ignore those who don’t understand the fiat life/death cycle. Keep up the in depth analysis you are spot on! 🎯🎯🎯🎯👍🏽
The dollar has lost 97% or so of its purchasing power since 1971. Inflation, even when measured (dishonesly) by the government is not negative. It is almost all the time positive, which means that year-over-year the dollar keeps losing purchasing power. Whether it rises or falls against other fiat nonsense, who cares (go long FX vol and you will make money). It has fallen relative to gold from 35 an ounce in 1971 to 2600 an ounce in 2024 for a loss of almost 98.7%, which says all that you need to know. Gold and the USD rising cannot happen at the time. Gold is your ultimate numeraire (until you find a better one). As such, the dollar either rises against gold or it falls against gold. It has fallen, bigly. Yes, it is a Bizarro World. I agree with that.
And the dollar rises vs goods and services in those parts of the world where other currencies are dominant. Thats the weird one, explained by the liquidity premium that the dollar carries.
When a miner, for example, wants to lock in a future gold price, the swap dealer takes the opposite position by shorting gold to balance its exposure. The goal of the swap dealer is to maintain a neutral position, earning profits from the spread between the contracts rather than from directional price movements.
Brent, really enjoy the level headed perspective. I like to watch doom and gloom less but your perspective keeps things clear. I have gold but also have to have US and CAD and reserves to service debt in those currencies. You do a great job of keeping it straight.
I have been following the macro economics for quite a while now. It amazed me how many analysts based their analysis on theories and not historical data. Bob Hoye is an economic historian with probably the second largest historical database of any analyst. He said back in 2004 that eventually the senior currency strengthens chronically against all other currencies and that gold strengthens chronically against the senior currency. You are in good company.
I really look forward to these Brent. Thanks for taking the time. Anyone who is sure they know what is coming is just a fool. Your best guess is well researched and meticulously thought out, and probably right. You and Jeff are the best thinkers I have ever encountered. George too, but in a different way. I will stayed tuned to all of you.
Always appreciate the show . Can’t imagine how busy you are but you still give your time to give us great information. Don’t worry about social media haters . I don’t even have social media besides UA-cam it’s great .
@@liberos100 Sir, that's a well-reasoned answer. Thanks for the Reply. I'll let you know that I own/control >7K t.oz. of physical silver bullion (held within Private Vaults, OCONUS [for the potential thieves out there ... there's absolutely nothing of any real value in my humble home - sorry for you, but I've taken all necessary steps to ensure that I'm never a target]); and, most of it was purchased between 2017 - 2020, at an average cost per t.oz. of approx. $USD of $18.43. Now, one must consider that I've been paying [somewhat neglible; but, they do weigh on my total returns] storage fees for all this time... Right now, my age is 52. My [very flexible] plan is to Sell this hoard of Silver, when I forecast [what I believe will be] a great, deflationary collapse in the [probably, around] 2029.
Brent you are amazing. Really appreciate all the information and wisdom you put out in these vids. I know it takes time to compile this DD and shoot the vids. Thank you! Much love.
Spot on Brent J. Seasonally the PMs always pullback sharply through September before year-end surge ...and DXY strengthens. Big pullback today (Monday) in Gold & Silver this morning going into LSE opening, and DXY has surged.
I am grateful for this informative video. I think there is a higher chance that BTC and ETH will retest resistance and then fall. But as always, things change every day and all we can do is act responsibly, monitor the markets and re-evaluate our strategies regularly. I would like to thank John Preston for being my source of crypto education as I comfortably earned 3.7 BTC..
I think most people misunderstand and assume you mean the purchasing power of the dollar will rise. I don't think they listen to your whole thesis or at least study it enough to have a full understanding. I've been waiting for gold to have a pull back to load up. So far, I'm going with silver.
The weird thing about social media is how everyone seems to marry the position they are in. From politics to investing... Its like a religious position for gold bugs or bitcoin hodlers. Everyone feels like they are being attacked so everyone has to defend almost any position they take. When really gold / bitcoin / investments are just tools to enhance your personal life.
Hehe, Brent always give such good advice. And in such a good way. Anyway, my reality is very different from his. And I disagree with him confusing the dollar in the US colonies with the dollar in the free world, but anyway, one of the greatest thinkers of our times.
The Milkshake Theory is entirely valid; the increase in gold prices can be attributed to the weaponization of the dollar. In the absence of such weaponization, the value of the dollar would be approximately 15 to 20 percent higher.
A gold backed digital currency would allow that tire manufacturer in the Philippines to hold only gold and dump the dollar. Enter BRICS…. because they are going there.
Regarding the large commercial Swap short position, what makes you think they are naked shorts as opposed to short futures to hedge a long physical or swap position? The point, which it seems everyone in the gold UA-cam and newsletter universe is missing, is that if the shorts are hedges - the banks don't have to cover if prices continue to rise. Bankers aren't dumb enough to risk the solvency of the bank by holding a huge naked short in a market that is rocketing higher.
I look at gold as a hedge vs inflation. USD was hit so hard this year between the increased deficit, sold treasuries & BRICS I honestly believe it was devalued by at least 20% despite the FEDs claims.
Most of the folks talking sheat only talk about what gold is worth in USD, but where is the chart showing all currencies compared to gold? Is gold gaining the most or least against the USD?
Brent always said gold would be the ultimate winner. He even used the movie reference from the Highlander, there can be only one. Trying to get the details right is impossible thought. Even the smartest people don't know if the system ends in hyper inflation or deflation-insolvency crisis.
@@adelinad3513 well, the price was chosen already. It's 12k. If course , not this or the next year. That's how much it should cost in order to right off some debt!
Brent, It's taken awhile to agree with your theory and I admit that I am a gold bug. but I look at gold in terms of purchasing power. How much can I get from an ounce. What does it cost in currency terms. And in doing so, the USD is going down, in gold terms. Maybe that is the way your detractors are thinking as well, but don't realize it? Anyway, good stuff. Thanks for making me think.
Brent I remember in one of your many previous videos that one of the arguments for a strong dollar was that America is not a banana republic? Do you still feel this way or do you think that this particular argument is now void? At what point do you think or what catalysts would you abandon your dollar bullishness? Thanks and appreciate your work
👏👏👏👏 Thank you for sharing your thoughts. Also, Brent, people are often jealous, and they always try to put others down. But in the end, make your own money and enjoy some nice Scottish whisky. ;)
Thought my first krugerand in 70s at 160 Didn't sell at 800 and thought dad was crazy buying at peak. Convinced he was wrong in early 2000$ when gold hitting 300s Now I know I was wrong not buying when it was cheap. Started buying again finally in 2023 in 1800s and now find it hard to continue buying at highs....... How much gold do I need? Want to buy a house but gut says not yet Should I continue buying gold until houses crash? Then trade gold for house?
It is clear that some people do not understand your theory. I have taken position in gold based on the milkshake theory. You have often said gold and dollar will rise together and in the long term gold will win
good show. not sure how you read the commercial short position chart. seems to me since 2019 they have been short and gold has gone up relentlessly. opposite to your conclusion.
which south african gold mine would you buy? rand at all time high but could weaken which would gain in dollars which would boost local gold mines...and gold will probably rise further...3 prong positive
Powell has conveniently forgotten he would keep rates higher for longer to battle entrenched prices. Now, housing prices have become entrenched or stuck at peak levels and most likely will increase to new historic levels.
Well it is an election year, months away. Keep Wall Street happy. Can't have a pull back before the election. And, they HAVE to reduce the rates because we will soon be paying a trillion a year in interest on the national debt at the current rates. They redid the jobs figures (more than 800,000 lower ?) as cover for Powell to start lowering rates.
Do you think any problems with the LBMA or comex could send the price of metals skyrocketing? If it's true that central banks are buying real metal, I'd be skeptical that the paper gold actually has any real gold to back it. Also, aren't we in a global deficit of gold and silver production?
When it comes to gold, it's important to keep a balanced perspective. I think there’s always going to be mixed sentiment around it.
Sure, rising interest rates make gold less attractive because it doesn’t pay interest like bonds or savings accounts, so people might shift away from it. And when the dollar is strong, gold becomes more expensive for international buyers, which can push prices down
gold is still seen as a safe-haven asset during times of economic uncertainty
So, even with those factors, you still see gold holding its value?
Yes, I do, in the long term at least. There are always fluctuations, and right now, inflation fears, geopolitical tensions, and even talks of recessions are making some people lean toward gold as a hedge
If those risks persist or even worsen, demand for gold could rise again, even with interest rate hikes and a strong dollar. It's about balancing the risks and rewards
With the Fed cutting interest rates by 50 bps, what do you think will happen to the stock market? My portfolio has performed exceptionally well this year, but I am concerned about the possibility of a market crash and losing my gains though it's all on a brighter and splurging side for Gold, should I look that way?
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
Great gains there! mind sharing details of your advisor please? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time.
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Brent! I don't know if you realize it yet but you're becoming a bit of an influencer for your humble attitude and your integrity.. 👏👏 A calm voice in crazy times
A calm ‘knowledgeable’ voice.
You are so modest and humble and euphemistic... always thank you..
"Relative to" is the key. The dollar depreciating relative to housing, energy, health care, and food in the U.S.. The dollar appreciating relative to almost all other fiat currencies. The dollar depreciating relative to gold.
yeah. people just don't understand that when you talk about dollar strength, its relative to other fiat currencies.
@jp92382 it is the collossal debt. The debt destroys value and rots rhe dollar. It will simply not survive.... like all empire money. Fiat has a 100% failure rate. Gold has a 100 per cent survival rate.
Gold is historical money ... while fiat money is a fractional claim against gold. Fiat is credit. Credit disappears in violent crisis like wars or collapses.
Yes gold has always been part of the milkshake
Always looking forward to your updates. Belive that your 'Milkshake theory' is right on. Keep on informing us. Thank you, Brent!
Thanks!
You have helped our family so much, very grateful to your work! Bless you.
I am just a student of economics, but I agree with Brent. The global uncertainty level is trending non-linear. This creates a corresponding increase in overall flight to safety to either Gold or US dollar. Naturally, a 50bps reduction has immediately pushed the safety seekers more to Gold. But I think there is a symbiotic resonance cycling going on between gold and dollar that is fueled by global dollar liquidity. So the DXY will likely be a good bet to come back strong once this current easing cycle completes as there are still vast numbers of dollars in the world to be sucked into the straw.
Thanks Brent. Doing great without Jon, but he’s missed
Did he die?
@@johnanon658 No
@@johnanon658no
@@johnanon658 - left the show to do his own thing
Brent, your insights and considerations are underrated.
Thank you sir
Huge amounts of debt has to be rolled over in the next two years. The Fed and the Treasury want rates low while this happens, this trumps everything else. Bonds lower yields , stocks higher.
Exactly, amazing how many finance people don't want to speak the truth.
Just because they want the countries to default on the debt to introduce their new system. Fthem! You guys will survive too just not all of you! It's just your time now to ve sacrificed. If you weren't smart enough to weed them out like all the other empires around the world in history 😊
And, it's an election year.......
Yup
Do the Fed and Treasury need rates to get much lower for +10yr Tbills or only for shorter duration ones?
I think this is a very sound analysis of the status quo. €, £ and ¥ (etc etc) are more doomed than the Dollar .... so Gold and Dollar will do very well vs the 'foreign currencies' over the next years (or decade) ... these two currencies will be king ♔👑 .... I would not short Gold right now ... yes .... it can pull back ... but it might just continue moving higher ...or find support at 2600 or 2500 (and rather go sideways). Not worth the risk shorting this thing ...IMHO .... as Gareth Soloway was saying in a recent interview : Gold (the chart) has been running a marathon and might need a rest before moving higher (direction 3000).
The crazy part is 100% the US, and besides that the crazy money printing. And than the BRICS
The US and the dollar are doomend. Gold is the real sense in this world and not the dollar, euro or bitcoin.
Hi Brent, I watched your Zerohedge panel with Michael Every, etc. then became a regular listener of the Milkshake podcast & reader of your tweets. Thank you so much for the quality content! I appreciate the time you spend educating your non-investment-professional audience, and also the nonreactive way you deal with the bonkers twitter community. Keep up the great work, it has more impact than you know.
I watched that also. Then basically came to his channel
Great stuff, thanks again!
We need to use silver coin as a means of commerce transactions. We can use gold for long-term investment.
1. Sell your money in specie to the customer at face value.
2. Borrow the money in specie back in the form of customer advances.
3. Accept payment in specie at face value for goods and services.
4. Settle payment in species with the customer’s deposits.
Done.
thanks, brent. i really appreciate your calm, dispassionate analyses.
🏆🎯 Dear Brent, my apologies for not writing you five plus years ago when I first heard you speak about the Milkshake Theory. You are my Main Source of information regarding the DXY and its direction. I am a goldbug at heart and do believe in your theory and follow your train of thought. Ignore those who don’t understand the fiat life/death cycle. Keep up the in depth analysis you are spot on! 🎯🎯🎯🎯👍🏽
Thanks Brent. Great content as always.
I love these weekly perspectives, thanks Brent!
The dollar has lost 97% or so of its purchasing power since 1971. Inflation, even when measured (dishonesly) by the government is not negative. It is almost all the time positive, which means that year-over-year the dollar keeps losing purchasing power. Whether it rises or falls against other fiat nonsense, who cares (go long FX vol and you will make money). It has fallen relative to gold from 35 an ounce in 1971 to 2600 an ounce in 2024 for a loss of almost 98.7%, which says all that you need to know.
Gold and the USD rising cannot happen at the time. Gold is your ultimate numeraire (until you find a better one). As such, the dollar either rises against gold or it falls against gold. It has fallen, bigly.
Yes, it is a Bizarro World. I agree with that.
It rises relative to other fiat currencies... it's all relative....
And the dollar rises vs goods and services in those parts of the world where other currencies are dominant. Thats the weird one, explained by the liquidity premium that the dollar carries.
When a miner, for example, wants to lock in a future gold price, the swap dealer takes the opposite position by shorting gold to balance its exposure. The goal of the swap dealer is to maintain a neutral position, earning profits from the spread between the contracts rather than from directional price movements.
Thanks.
Brent, really enjoy the level headed perspective. I like to watch doom and gloom less but your perspective keeps things clear. I have gold but also have to have US and CAD and reserves to service debt in those currencies. You do a great job of keeping it straight.
I have been following the macro economics for quite a while now. It amazed me how many analysts based their analysis on theories and not historical data. Bob Hoye is an economic historian with probably the second largest historical database of any analyst. He said back in 2004 that eventually the senior currency strengthens chronically against all other currencies and that gold strengthens chronically against the senior currency. You are in good company.
We are living in the film “idiocracy”
With a lot of competition for who is/are the leading actor(s)
Thats right👍
Yes. Glad UA-cam showed it for free but I don’t see it anymore. Do you?
So Damn funny.
I watched that movie twice.
I'm 76 and the people growing up now think "this" is normal.
The ultimate was Hulk Hogan ripping his shirt off for Trump.
Hi Brent, thanks for the milk shakes theory, it helps us know a lot about the world currency.
Great show. Very educational
Excellent video, Brent! Please keep on posting these videos because they are very informative...
Love you work Brent. But you also forgot to mention that house prices were at or near all time highs in many cities.
Thanks for your insights Brent!
Appreciate you, Brent. Always putting out excellent education.
It’s a life journey of learning for the relentless and the curious.
Thank you.
Love your show. Keep it up!
No, the Dollar has not risen, the other Mickey Mouse currencies have fallen faster.
Yea. We all know Lol
A sinking ship still bobs up and down in the water.
The dollar has risen vs those other currencies . That’s what he’s saying
@gavintfrye Please re-read.
Your like saying the glass is half empty not half full - fool! Lol😅
I really look forward to these Brent. Thanks for taking the time. Anyone who is sure they know what is coming is just a fool. Your best guess is well researched and meticulously thought out, and probably right. You and Jeff are the best thinkers I have ever encountered. George too, but in a different way. I will stayed tuned to all of you.
Always appreciate the show . Can’t imagine how busy you are but you still give your time to give us great information. Don’t worry about social media haters . I don’t even have social media besides UA-cam it’s great .
Gold is all i own with some cash reserves. You are doing a great job and love your content. Thanks from the UK.
I agree gold is King. Gr from the Netherlands
Have you considered selling just a few t.oz.'s Gold and buying some Silver with the Capital Gain that you'll realize from that Sale?
@@Ted0302 silver is to speculative to me, it also depends offcause of your age. If I was 30 I would buy some silver.
@@liberos100 Sir, that's a well-reasoned answer. Thanks for the Reply.
I'll let you know that I own/control >7K t.oz. of physical silver bullion (held within Private Vaults, OCONUS [for the potential thieves out there ... there's absolutely nothing of any real value in my humble home - sorry for you, but I've taken all necessary steps to ensure that I'm never a target]); and, most of it was purchased between 2017 - 2020, at an average cost per t.oz. of approx. $USD of $18.43. Now, one must consider that I've been paying [somewhat neglible; but, they do weigh on my total returns] storage fees for all this time... Right now, my age is 52. My [very flexible] plan is to Sell this hoard of Silver, when I forecast [what I believe will be] a great, deflationary collapse in the [probably, around] 2029.
Great info Brent, like always , thank you for your time and research you do and share , I really appreciate it.
Brent you are amazing. Really appreciate all the information and wisdom you put out in these vids. I know it takes time to compile this DD and shoot the vids. Thank you! Much love.
Spot on Brent J. Seasonally the PMs always pullback sharply through September before year-end surge ...and DXY strengthens. Big pullback today (Monday) in Gold & Silver this morning going into LSE opening, and DXY has surged.
I am grateful for this informative video. I think there is a higher chance that BTC and ETH will retest resistance and then fall. But as always, things change every day and all we can do is act responsibly, monitor the markets and re-evaluate our strategies regularly. I would like to thank John Preston for being my source of crypto education as I comfortably earned 3.7 BTC..
Please how do I go about it, am still a newbie on investment trading and how can I make profit?🙏🙏
He often interacts on Telegrams, using the user-name...
@johnPsignal 🚀🚀🚀🚀🚀
Thanks for the information... I will contact him as soon as possible. I also want to gain good knowledge and stop losing...☺🙏
Bitcoin is going crazy these days but if you are smart you should know that it is the best exchange especially under the right guidance.
I think most people misunderstand and assume you mean the purchasing power of the dollar will rise. I don't think they listen to your whole thesis or at least study it enough to have a full understanding. I've been waiting for gold to have a pull back to load up. So far, I'm going with silver.
Brent is the breath of fresh, heartfelt air that I need to stay sane in the macro-fin news world
What about upcoming BRICS meeting and the 40% backed currency?
Really???
The weird thing about social media is how everyone seems to marry the position they are in. From politics to investing... Its like a religious position for gold bugs or bitcoin hodlers. Everyone feels like they are being attacked so everyone has to defend almost any position they take. When really gold / bitcoin / investments are just tools to enhance your personal life.
I agree with you and perhaps add one point. For me the debasing of the dollar in relationship to gold not in relationship to other fiat currencies
Hehe, Brent always give such good advice. And in such a good way. Anyway, my reality is very different from his. And I disagree with him confusing the dollar in the US colonies with the dollar in the free world, but anyway, one of the greatest thinkers of our times.
Nice episode Brent thank you.
Thanks Brent.
Great One. Cheers
EAGLES 🦅!! No. 1
Philadelphia
The Milkshake Theory is entirely valid; the increase in gold prices can be attributed to the weaponization of the dollar. In the absence of such weaponization, the value of the dollar would be approximately 15 to 20 percent higher.
Good video, a half hour is good.
Dollar milkshake seems very legit. Own some gold. Some USD. And a nice bag of Bitcoin.
👍Thanks. Yes, gold is due a pullback -- unless there is a generational short-squeeze !👍
A gold backed digital currency would allow that tire manufacturer in the Philippines to hold only gold and dump the dollar. Enter BRICS…. because they are going there.
You're 100% correct. Don't stop trying to educate these guys and us just because they don't get it. Keep up the good work on your thesis.
Regarding the large commercial Swap short position, what makes you think they are naked shorts as opposed to short futures to hedge a long physical or swap position? The point, which it seems everyone in the gold UA-cam and newsletter universe is missing, is that if the shorts are hedges - the banks don't have to cover if prices continue to rise. Bankers aren't dumb enough to risk the solvency of the bank by holding a huge naked short in a market that is rocketing higher.
I look at gold as a hedge vs inflation. USD was hit so hard this year between the increased deficit, sold treasuries & BRICS I honestly believe it was devalued by at least 20% despite the FEDs claims.
If I understand Brent correctly, all fiat are equal, but one is more equal than the others.
Most of the folks talking sheat only talk about what gold is worth in USD, but where is the chart showing all currencies compared to gold? Is gold gaining the most or least against the USD?
Gold did not react to $USD.
In truth, it was the $USD which reacted to gold!
Imagine Melanie Trump presiding over the cabinet. I think we would have heard about it.
Whata clusterfuck it would be. The whole grifting tRump family🤡🤣
Brent always said gold would be the ultimate winner. He even used the movie reference from the Highlander, there can be only one.
Trying to get the details right is impossible thought. Even the smartest people don't know if the system ends in hyper inflation or deflation-insolvency crisis.
Brent, gold has risen because the dollar has depreciated.
Watching you from that lower left-hand corner in that map in the wall behind you :)
Great show, as always.
3k gold before a real correction
Or 5000k German marks. They didn't see it either
@@adelinad3513 well, the price was chosen already. It's 12k. If course , not this or the next year. That's how much it should cost in order to right off some debt!
I with you Brent, keep talking with your mind, not somebody’s,
Thanks Brent . . .
Great video. Thx
Lovin' the Michael Caine glasses.
good perspectives
Brent,
It's taken awhile to agree with your theory and I admit that I am a gold bug.
but I look at gold in terms of purchasing power. How much can I get from an ounce. What does it cost in currency terms.
And in doing so, the USD is going down, in gold terms.
Maybe that is the way your detractors are thinking as well, but don't realize it?
Anyway, good stuff. Thanks for making me think.
It's also going down in shelter terms (house/rents) groceries Healthcare, education, insurance, services, etc 😥
Brent I remember in one of your many previous videos that one of the arguments for a strong dollar was that America is not a banana republic? Do you still feel this way or do you think that this particular argument is now void? At what point do you think or what catalysts would you abandon your dollar bullishness? Thanks and appreciate your work
😂 the 🇺🇲 is not a banana republic
Please have a debate with Francis Hunt (Market Sniper)!
Brent wants to convince people that dollar will be the king till the end … the reality is something else …
If dollar is not your currency, gold serves not only as gold, it also serves as a dollar hedge.
PSA: J Arthur Burns Powell would like to invite you to a great 70s party! 🎉💲💸💲💸😂
I remember when I saw you with Marin Katusa and Peter Schiff when you said Gold and the dollar will rise together.
gold is going absolutely nowhere but up. gold has been lagging so hard the last decade, gold is just getting started
Good discussion 👍👍
Thank you
Say OOOM BUBBA COW and everything will be okay 😅😅
Wait what?! Jill Biden was at the cabinet meeting? WTF lol
Joke country
Lol right!?
head of the table
Joe was there, he just turned the meeting over to Jill for some initiative that she's leading. Still, it was strange.
@@andrewhill1251 You mean Dana Carvey the comedian as Joe Biden?
Always strictly rational.
People ask me where we are at in the markets.....I say 1977
👏👏👏👏 Thank you for sharing your thoughts.
Also, Brent, people are often jealous, and they always try to put others down. But in the end, make your own money and enjoy some nice Scottish whisky. ;)
I’m trying my best to mimic Brent’s financial advice and hairdo. Mostly the hairdo because I have more hair than money.
Thought my first krugerand in 70s at 160
Didn't sell at 800 and thought dad was crazy buying at peak.
Convinced he was wrong in early 2000$ when gold hitting 300s
Now I know I was wrong not buying when it was cheap.
Started buying again finally in 2023 in 1800s and now find it hard to continue buying at highs....... How much gold do I need?
Want to buy a house but gut says not yet
Should I continue buying gold until houses crash? Then trade gold for house?
It is clear that some people do not understand your theory. I have taken position in gold based on the milkshake theory. You have often said gold and dollar will rise together and in the long term gold will win
Thanks for your time!! Dont let the sourpusses get to you!!
good show. not sure how you read the commercial short position chart. seems to me since 2019 they have been short and gold has gone up relentlessly. opposite to your conclusion.
which south african gold mine would you buy? rand at all time high but could weaken which would gain in dollars which would boost local gold mines...and gold will probably rise further...3 prong positive
Powell has conveniently forgotten he would keep rates higher for longer to battle entrenched prices.
Now, housing prices have become entrenched or stuck at peak levels and most likely will increase to new historic levels.
Well it is an election year, months away. Keep Wall Street happy. Can't have a pull back before the election.
And, they HAVE to reduce the rates because we will soon be paying a trillion a year in interest on the national debt at the current rates.
They redid the jobs figures (more than 800,000 lower ?) as cover for Powell to start lowering rates.
So from what you’ve laid out how much of a reasonable pullback would you expect?
Well the bricks nations are Hoarding gold, And I'm under the impression they're gonna dump the dollar??
But who are the speculators?
Would be great to hear a conversation with you and Micheal Howell talking it all through.
What will be the price of 1 UNIT OF BRICS. IN AMERICAN DOLLARS.. thank you!
Do you think any problems with the LBMA or comex could send the price of metals skyrocketing? If it's true that central banks are buying real metal, I'd be skeptical that the paper gold actually has any real gold to back it. Also, aren't we in a global deficit of gold and silver production?