If Bitcoin a virtual currency which does not have any intrinsic value of its own can reach 70K, why can't gold which does have intrinsic value and thousand year history reach 25K or even 50K?
Wall Street hates it. It's their antithesis. Gold has been in equilibrium for millennia, though currently heavily manipulated recently. Bitcoin has no known equilibrium value as of yet. It's too young. Noone has any real idea what it is but the cost of mining one might be an indicator in both cases. Halving seems to make BTC mining rapidly more expensive.
oh boy lol First you obviously do not understand bitcoin and if you are going to make a pricing comparison it should be total market caps. Gold is currently sixteen trillion, bitcoin is around One and a half trillion. So if you think they should be the same gold should be 200 OZ lol
It’s not surprising because the U.S. cannot repay their mounting and increasing debt now already $35 trillion. The U.S. will be continue to printing more $ which will drop in value. Gold value against $ will soar with $ value collapse.
What you need to understand is currencies and currency life cycles that they do not last forever and we are in the range from previous history to where we are on the decline now heading towards the end which means that gold at this point will exponentially go up for the foreseeable future not go down. There needs to be a call to real sound money
“Improved inflation outlook”…did you want to change that to “increasing inflation outlook”? Improved suggests a decrease in inflation which, clearly it is not as cost of living is through the roof. Please be careful in your choice of words, thanks.
@@Carlosjose-iq8vv HAHA. Computer currency. That's even better than fiat. I just made up Bitcoin 3.0 I'll exchange it all(worth 3 gazillion$) for 1oz of gold.
BRICS is primarily about trading basic commodities, such as petro, in local currencies such as the yuan. There is nothing particularly attractive about the individual BRICS countries. China is literally insolvent due to their massive credit expansions over the last few years. They ALL have their own FIAT currencies, no different than the dollar.
Always appreciate Adam's perspectives ... usually spot on in the energy sector. Ray Dalio would be a great get Jeremy and he seems to be readily available to get his messages out !
Watch the Bitcoin to gold ratio. I think that it is at a key point, where 1 BTC has been held down below the level of 1 kilogram of gold. $70000 vs $77000. Bitcoin has been repulsed at that level a few times in the last 3½ years. If BTC jumps ahead of a gold kilogram, I think it may change the dynamic a lot for quite a while.
There’s no bull run. Zoom out on the daily and you soon see bearish divergence on the MACD. That implies weakness in the impulse and foretells at best a profit correction and at worst, a trend reversal.
I'm looking for the biggest divergence to be between eastern and western prices. Someday, maybe soon. That won't help westerners IMHO. The paper market will hold it down here until it has all gone east.
@@stephenpaul4258 I can tell you’ve never professionally traded. Almost all trades are settled against intraday movement as this is anchored to overnight rate of capital. Trust me, no trading floor is looking at weekly.
One HUGE problem with uranium is the fact Russia has the most in-ground supply. The US is about to find out how our Putler problem will affect availability of that supply.
Gold/silver is great. But would central banks, if we went to a precious metals standard, allow for a “gold window”? Bitcoin doesn’t need a Bitcoin window.
This year is clearly going to be more difficult. Reflecting on the past twelve months, my financial decisions proved to be expensive, due to my excessive concern over my portfolio. I battled to decide whether to invest more or become a homeowner. Finally, I decided to sell my investments, only to discover that the house I bought needed more modifications than imagined. It is becoming increasingly unclear how much longer I can navigate these circumstances.
Let's get back to the 5,000-year average silver-to-gold ratio of 15/1. Too bad our Precious Metal Experts and Media parrots believe a $50 spot silver price would be the best thing since sliced bread. Most have no idea of History and their overall expectation bar has been lowered to 1/4" off the ground.
Silver should be WELL OVER $50.00 as a “ floor “ ! Should be $65.00/ oz easy … I look forward to the Shanghai exchange changing the manipulation game !
LMAO! No one has any Bitcoin in "self-custody." There is absolutely nothing about Bitcoin that is tangible. It's nothing but a bunch of zero's and one's in a server somewhere that you can't access. Someone can . . . but it isn't you.
There's no way that silver will be as good as gold. If your Monetary reserved is silver. You have to match u how much ounce of silver as to those who have gold reserved.
When people talk of commodity cycles and dollar cycles, they never mention that the dollar index has been in a 15 year bull market versus the normal 8 years or so. We have dropped out of those 8 years up 8 years down cycles that started in 1971. It's already a new dynamic taking place since 2008.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 11B TC in the space of a few weeks... I'm especially grateful to Aaron Gavin whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
It’s $30.00 the new floor . It’s going to have a few healthy pullbacks but it’s going MUCH higher - or the country of India , China , Turkey , just to name a few , wouldn’t be STOCKPILING physical silver now would they ? DER !
Yes it needs to run to $2700 plus quickly not to get stuck in the mud again. This is 2nd attempt to break 2430ish, failed. I'm giving it three goes but after that, it gets more bearish IMO.
Gold stocks are undervalued compared to gold prices, wait for earnings and gold stocks will skyrocket and not to mention bad market news that will blast them higher up!! Buy GOLD STOCKS…
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
Smart comment … NOT ! Gold at a 5,000 year historic high , and the Shanghai Stock Exchange giving many dollars OVER the crooked COMEX AND LBMA … Keep reading , and educate yourself .
I would never say gold is a bad investment (hasn't been so far, for certain), but what happens when Bitcoin reaches a half million dollars or more? Almost certainly, you'll see people dumping their gold and buying BTC (FOMO), since it has much greater utility and the other advantages BTC gives over gold. When that happens, we'll see a lot more gold supply and a lot less demand. Gold's never going away but I just don't see it as the smartest investment for the future... and as BTC is more and more embedded/utilized in every country, it becomes less and less based on FIAT and less influenced by any inflation. Why would I want to hold gold if it's backed by hyperinflation FIAT and worth half of its value in the next 5 years, even if the price rises?
It absolutely isn’t the smartest investment and that’s why I spent 16yrs taking capital off fools. In return, whilst they got a measly yield I made a fortune distributing their funds across equities. Don’t ever underestimate how much the market relies on retail fools.
Yea when Gold hits $10k $10,000 USD won't buy you a wheel Barrow to hall all yer stuff around in! My Grandfather escaped Germany and there a wheel Barrow full of Marks couldn't buy you a loaf of bread at the market!
The US can't go back to the gold standard because our debt is so expansive there's not enough of the metal, plain and simple. With all of the focus on metals, in general, I won't be surprised if the world discovers the fact that we are beyond pegging the USD to anything physical.
The assumption here is that the USG actually wants to change the standard and/or peg it to anything. However there is no desire to do that, as it would remove the ‘magic wand’ that the fiat system provides.
It's crazy the amount of people who look at the gold price on a day to day basis. I only look monthly and that's how I make money. Hold and stay long. Good luck
"Gold is money. Everything else Is credit." - JP Morgan
Physical Gold in hand is a good thing.
If Bitcoin a virtual currency which does not have any intrinsic value of its own can reach 70K, why can't gold which does have intrinsic value and thousand year history reach 25K or even 50K?
Just tell us you don't understand Bitcoin next time. :D
Another “intrinsic value” waffler.
Wall Street hates it. It's their antithesis.
Gold has been in equilibrium for millennia, though currently heavily manipulated recently. Bitcoin has no known equilibrium value as of yet. It's too young. Noone has any real idea what it is but the cost of mining one might be an indicator in both cases. Halving seems to make BTC mining rapidly more expensive.
oh boy lol First you obviously do not understand bitcoin and if you are going to make a pricing comparison it should be total market caps. Gold is currently sixteen trillion, bitcoin is around One and a half trillion. So if you think they should be the same gold should be 200 OZ lol
Because the banksters and government are afraid to let it be true money as that's when they won't be able to manipulate as they've been doing
It’s not surprising because the U.S. cannot repay their mounting and increasing debt now already $35 trillion. The U.S. will be continue to printing more $ which will drop in value. Gold value against $ will soar with $ value collapse.
Very articulate and comprehensive conversation/interview. Well done!
What you need to understand is currencies and currency life cycles that they do not last forever and we are in the range from previous history to where we are on the decline now heading towards the end which means that gold at this point will exponentially go up for the foreseeable future not go down. There needs to be a call to real sound money
With destruction of all fiat currencies, who knows that "price" gold may reach?
In the end game, you will not be able to buy gold or silver with fiat.
Not
Much
@@FloydThePink yeah, Skynet wants all the metal .....
100k end of the year
Poor people will be much poorer. They have neither gold nor cash. Rich people will be 10x wealthier.
Yeah having hiliary clinton selling off the Alaska Uranium Reserves was BRILLIANT!!! For HER!
👏👏 Gold and silver going skyrocket 🚀 🚀🚀 now 2024-2025 just wait and see 🙌🙌👍
“Improved inflation outlook”…did you want to change that to “increasing inflation outlook”?
Improved suggests a decrease in inflation which, clearly it is not as cost of living is through the roof. Please be careful in your choice of words, thanks.
Certainly gold safer than USD but it wont be the best investment if youve got a piece of BRICS economies.
@@Carlosjose-iq8vv HAHA. Computer currency. That's even better than fiat. I just made up Bitcoin 3.0 I'll exchange it all(worth 3 gazillion$) for 1oz of gold.
BRICS is primarily about trading basic commodities, such as petro, in local currencies such as the yuan. There is nothing particularly attractive about the individual BRICS countries. China is literally insolvent due to their massive credit expansions over the last few years. They ALL have their own FIAT currencies, no different than the dollar.
Always appreciate Adam's perspectives ... usually spot on in the energy sector. Ray Dalio would be a great get Jeremy and he seems to be readily available to get his messages out !
Watch the Bitcoin to gold ratio. I think that it is at a key point, where 1 BTC has been held down below the level of 1 kilogram of gold. $70000 vs $77000. Bitcoin has been repulsed at that level a few times in the last 3½ years. If BTC jumps ahead of a gold kilogram, I think it may change the dynamic a lot for quite a while.
Finally a professional broadcaster
How much physical uranium should one have?
😂😂😂
Enough to keep you warm
Buy the whole uranium mine! 🙃🤣
Down $42 today. $2378. Don't say $2400 too soon!
It’s been over $2400.00 for a while
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank
Hello Frank why are we supposed to pay $10 to$12 over spot for silver in Melbourne. Cheers John
There’s no bull run. Zoom out on the daily and you soon see bearish divergence on the MACD. That implies weakness in the impulse and foretells at best a profit correction and at worst, a trend reversal.
In purchasing power terms it's still below the 2011 high. With realistic inflation measures, well below. The actual peak in gold PP was 1980.
I'm looking for the biggest divergence to be between eastern and western prices. Someday, maybe soon. That won't help westerners IMHO. The paper market will hold it down here until it has all gone east.
What you suggest wouldn't surprise me. $2430 may be the equivalent of $2070 back in 2020.
Rethink your charts and move to the weekly - strong up trend on indicators- daily correction yes, but the up trend is intact
@@stephenpaul4258 I can tell you’ve never professionally traded. Almost all trades are settled against intraday movement as this is anchored to overnight rate of capital. Trust me, no trading floor is looking at weekly.
So much new from Kitco about gold and yet so different news
Remember:
World Money = Gold 💰,
Gold = Tier 1 asset.
One HUGE problem with uranium is the fact Russia has the most in-ground supply. The US is about to find out how our Putler problem will affect availability of that supply.
Gold/silver is great. But would central banks, if we went to a precious metals standard, allow for a “gold window”? Bitcoin doesn’t need a Bitcoin window.
Very very interesting.. Invite this guy again soon!!
Long interview, but I dont feel like there was a dull moment
How would gold stocks perform when oil prices went up?
Really knowledgeable speaker
Amazing how these people can see 10 to 20 years into the future. The price they predicted is for 2034/2044.
They have big crystal balls. 🙃🤣
What if countries Nationalize mines? What do miners do or go?
Maybe you may want to go to Venezuela or Zimbabwe to find out.
This year is clearly going to be more difficult. Reflecting on the past twelve months, my financial decisions proved to be expensive, due to my excessive concern over my portfolio. I battled to decide whether to invest more or become a homeowner. Finally, I decided to sell my investments, only to discover that the house I bought needed more modifications than imagined. It is becoming increasingly unclear how much longer I can navigate these circumstances.
23:27 I was hoping this woman was going to be the cleaner and come sweeping the floor around his feet and moving his chair out of the way.😂
Let's get back to the 5,000-year average silver-to-gold ratio of 15/1. Too bad our Precious Metal Experts and Media parrots believe a $50 spot silver price would be the best thing since sliced bread.
Most have no idea of History and their overall expectation bar has been lowered to 1/4" off the ground.
Silver should be WELL OVER $50.00 as a “ floor “ !
Should be $65.00/ oz easy …
I look forward to the Shanghai exchange changing the manipulation game !
Bitcoin in self-custody > Gold > Real Estate > anything back by fiat. Get with the program.
#BTC has NOT hit a new ATH in 2024. Don’t believe the lies.
LMAO! No one has any Bitcoin in "self-custody." There is absolutely nothing about Bitcoin that is tangible. It's nothing but a bunch of zero's and one's in a server somewhere that you can't access. Someone can . . . but it isn't you.
@@philroe2363 LOL HFSP 🤡
@@RootBeerGMTfalse
It did
@@philroe2363😂in a server
lol you need to learn something
Can JPM take the bull side on silver this time?
I'm buying physical silver and silver miners like MMC.ASX gold and silver junior stock, has a $150m processing plant!! 😊😊
great host
How was there QE in 1920s? Wasn’t there the gold standard?
Can anybody explain 7:05 ?
KITCO, in the 'more' outline of this program at 20:30 there are *no* outlooks for gold/silver in 2024! He talks about uranium until the end.
How should silver perform during a recession?
I'm the last recession in 2011 I think I remember it going to just shy of 50 dollars per troy oz
@@knowledge2forageuk That was 2-3 years AFTER the recession, right?
Yes you are correct
It's time for Gold and Miner's
There's no way that silver will be as good as gold. If your Monetary reserved is silver. You have to match u how much ounce of silver as to those who have gold reserved.
How about uranium alternatives in nuclear energy?
Silver is not just poor man’s gold …, silver is also running deficits 😳🙄
EXACTLY ! So disappointed that that fact wasn’t brought up !
When people talk of commodity cycles and dollar cycles, they never mention that the dollar index has been in a 15 year bull market versus the normal 8 years or so. We have dropped out of those 8 years up 8 years down cycles that started in 1971. It's already a new dynamic taking place since 2008.
Without Saudi's BlackGold backing since 1974, Usd is worthless.
Hey Jeremy can you have Gareth soloway on your show? 🙏
He is busy with his own show. Go watch it straight
Ol’d man bun. The worst trader in the history of UA-cam.
Seems like the dollar is kicking gold and silver in the teeth today.
No you GOT THAT ALL WRONG .
It’s a healthy pullback !
Are you new ?
Small modular reactors ?
Thorium has entered the chat .
please bring on mahendra sharma for silver gold astro view. daniela cambone used to bring him on .thnx
One word. INFLATION all the rest is blah blah blah
No more stagflation eh?
Try to keep up.@@Radio280
Try to keep up.@@Radio280
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 11B TC in the space of a few weeks... I'm especially grateful to Aaron Gavin whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Silver is headed below $30 today
R u buying?
@@Radio280 no. I bought over the weekend. Don’t get paid till Friday. I have $3 until Friday
It’s $30.00 the new floor .
It’s going to have a few healthy pullbacks but it’s going MUCH higher - or the country of India , China , Turkey , just to name a few , wouldn’t be STOCKPILING physical silver now would they ?
DER !
Don’t bank on it. It will eventually, but there’s not huge mojo at 2400
Yes it needs to run to $2700 plus quickly not to get stuck in the mud again. This is 2nd attempt to break 2430ish, failed. I'm giving it three goes but after that, it gets more bearish IMO.
Are you guys “ new “ ?
BEEN over $2400.00 a bunch !
Gold is on a new bull RUN !
If the manipulation continues, the gold and silver will be manipulated too.
Gold not exactly catching a bid; more like takin' it in the NU#s!
Gold stocks are undervalued compared to gold prices, wait for earnings and gold stocks will skyrocket and not to mention bad market news that will blast them higher up!! Buy GOLD STOCKS…
Uranium & silver for me at the moment.
$10K in twenty years.
I wish he would have given the reason why he prefers gold to silver right now.
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
An investment in knowledge pays but investing in both knowledge and passive income yields more gain
There is zero evidence the world is seriously thinking to take risk and get off the dollar.
There isnt enough gold to go back to it.
Gold price 10X on the way
Gold... W1 ...3014...
Yup
Next month the suppressed stops on all comeddies
Sounds like kitco sold out!
No current information allowed!
Another ten years for gold bugs take profits maybe 😂
Smart comment … NOT !
Gold at a 5,000 year historic high , and the Shanghai Stock Exchange giving many dollars OVER the crooked COMEX AND LBMA …
Keep reading , and educate yourself .
I would never say gold is a bad investment (hasn't been so far, for certain), but what happens when Bitcoin reaches a half million dollars or more? Almost certainly, you'll see people dumping their gold and buying BTC (FOMO), since it has much greater utility and the other advantages BTC gives over gold. When that happens, we'll see a lot more gold supply and a lot less demand. Gold's never going away but I just don't see it as the smartest investment for the future... and as BTC is more and more embedded/utilized in every country, it becomes less and less based on FIAT and less influenced by any inflation. Why would I want to hold gold if it's backed by hyperinflation FIAT and worth half of its value in the next 5 years, even if the price rises?
Yes
But.....this constant glitches, hacks in all of this electronic, Digital stuff......👽
@@MERCHANTMANMERCHANTM Sounds like you need a new computer.
It absolutely isn’t the smartest investment and that’s why I spent 16yrs taking capital off fools. In return, whilst they got a measly yield I made a fortune distributing their funds across equities. Don’t ever underestimate how much the market relies on retail fools.
Hasn’t the easy money been made in uranium?
Can’t there be a diluted gold standard?
Ancientcoin is the future
1.40 of gold or did he mean silver ?
Don’t uranium mines take 20 years to build?
not the past 3 days it hasn't
🌞🌞🌞🌞🌞🌞🌞>>SILVER IN OUR POCKETS AND NOT IN OUR PRECIPITATION.. #EndSAI
No your wrong strong dollar means gold prices coming down haha
you're right!
The Smackdowns are back!!
Yea when Gold hits $10k $10,000 USD won't buy you a wheel Barrow to hall all yer stuff around in! My Grandfather escaped Germany and there a wheel Barrow full of Marks couldn't buy you a loaf of bread at the market!
Never forget the golden rule who had the goal made all the rules
Messi is going to be the President?
@@dudleydooright😂👍⚽️⚽️⚽️
He who makes all the rules moves the goal post anytime. 🤣🤣
McCully COKEN
😊 it is called head fake😊
Blah blah blah another Talking Heads don’t know thing… there is no substitute for pressure metals
I'm good to go. I have a crock pot.
Didn’t bring up the fourth year in a row silver deficit …
I know those metals are heavyweight stuff.
😮 whistle in the graveyard
The US can't go back to the gold standard because our debt is so expansive there's not enough of the metal, plain and simple. With all of the focus on metals, in general, I won't be surprised if the world discovers the fact that we are beyond pegging the USD to anything physical.
The assumption here is that the USG actually wants to change the standard and/or peg it to anything. However there is no desire to do that, as it would remove the ‘magic wand’ that the fiat system provides.
So-called BRICS? Condescending attitude in your DNA.
Gold’s plunged just now
Nah is going down still
@@technetinactually it’s below $2400 and dropping.
This all looks like good buying opportunity to me tbh
It's crazy the amount of people who look at the gold price on a day to day basis. I only look monthly and that's how I make money. Hold and stay long. Good luck
@@MoojoZachfantastic advice
Oh dear. 666 likes.
😂… just wait and see…😂
Gold to 10k then gold to moon lol
You have a black spot on your nose. Better take care of it. Regards!