John Rubino: What Do You Get When Central Banks are Panic Buying Gold?
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- Опубліковано 23 лип 2024
- Tom Bodrovics welcomes back John Rubino, a former Wall Street financial analyst and author, to discuss the current bull market in gold. Rubino asserts that gold's intrinsic value is significantly higher than its present price, which could reach $5,000 to $10,000 per ounce based on historical analysis. He also posits that a potential collapse of the financial system due to debt could lead to a return to a gold-backed currency or a currency reset.
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They explore the implications of inflation and currency devaluation on various assets including stocks, real estate, bonds, and gold. John argues that adjusting investment numbers for inflation offers a different perspective on asset value over time. He warns about potential risks in the financial system, such as a commercial real estate crash or an equities bear market. He also discusses the deficit in the silver market, which could result in significant price spikes and potential defaults on futures contracts.
Despite uncertainty, John suggests investment strategies for investing in real assets like gold and silver. Investors should consider gold as a long-term investment and focus on positive goals during uncertain times to build capital for future challenges. Gold is currently seen as a store of value, but demand for it is minimal but starting to rise. Once gold breaks through resistance and support levels, it could lead to a significant run in the market.
Time Stamp References:
0:00 - Introduction
0:45 - Gold Market Developments
4:10 - Gold Backing & Debt
8:15 - Who Will Buy US Bonds?
12:45 - Inflation Outlook
17:28 - Asset Valuations
22 :38 - Gold Drivers & Geopolitics
27:26 - Next Financial Crisis?
33:10 - Silver & Supply Issues
38:10 - Silver Industrial Demand
42:38 - Investment Demand & FOMO
47:35 - Wrap Up
Talking Points From This Episode
- Gold's potential value increase, reaching $5,000-$10,000 per ounce based on historical analysis.
- Risks of financial panic, potential scenarios like commercial real estate crash or equities bear market.
- Investment strategies proposed to protect against times of crises.
Guest Links
Substack: rubino.substack.com
Books: tinyurl.com/5buyvy6v
John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022, and now publishes on Substack.
#Gold #BullMarket #Dollar #Bonds #Inflation #Assets #Bubbles #Valuations #Dominos #Japan #CommercialRealEstate #Banks #Industry #Silver #Commodities
John Rubino has always been a favorite of mine to listen to but also to watch as he speaks because his attitude and slight grin and smile always puts me at ease and makes me feel better. Some guys take themselves so seriously they make me feel like I can't trust them. John naturally knows how to speak to people that may already be a bit scared and he smooths out the vibe with calming tone, pace and knowledge in his voice. Lot's of people are smart and know a lot but not everyone makes it look easy to discuss it. John is at the top of my list of experts to listen to.
He's humble and a man with foresight.
Bill so well said. You really put into words that really describes John. Well done. I also liked that this didn’t feel like a timed interview.
I second @scoobyism3 - very apt description of Rubino! Well said, Bill! John R. is a gentleman of the highest order! His decency & trustworthiness comes through very distinctly. Seems like a great guy who can be trusted!
@@kekoa1843 amazing. Adults can agree and be polite. 👍🇺🇸🙏
I agree
A captivating talk on the world's shift toward digital finance! This change, though intimidating, brings new opportunities. Cryptocurrencies, offering a decentralized alternative to traditional banking, are a key part of this revolution. Imagine a world where financial control is shared among users, not central banks. That's the potential of cryptocurrencies. Thanks to Flora Elkin’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Keep it up!
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.
I just went to 3 gold shops in Thailand. They all run out of gold&silver bars. Earliest deliveries in May.
I too appreciate Rubino. I started listening to him and Schiff in the early 09. So i bought some PMs every time i had a few shillings left over. I just looked today. it has mostly increased by 3 fold. I thank them both, and i am sure my kids and grandkids will , as well.-
If they wanted to sell more EVs, they probably should have released EVs before cell phones because now everyone knows how shit the battery technology is and doesn't want that in their vehicles.
Thanks Tom! John is awesome. John Rubino, Chris Irons, Steve St. Angelo and Bob Moriarty are some of favorite guests you have. oh and Doomberg!
You get to keep your wealth! If you have gold
What a great interview super informative with calm manner.
Always wonderful to see you and hear from you John.
Hey Tom?
It's Grant. In the last three episodes on Palisades, you have slammed it!🎉
Rubino's is Emmy award LOL
When we see oil go from 85 to 150 an ounce...
How many ounces in one of them barrels?
Great interview
John❤️
A debt that can't be paid won't be paid...
Surely if currencies are going to zero and then a reset,why would you sell your Gold before that happens
Because the world is one year away from starvation, economic activity must continue, or else it's all over. So the gold and silver hoards don't actually address the issue of continued production. Somebody has to continue taking risks to produce, and they will only do that for a profit. Gold doesn't make a profit, production does.
@@HuFlungDung2worthless digits (computer money) controlled by tyrants does not produce profits either!
As things spiral downward, there will be those that will acquire property or other assets when people don't want fiat $$ but will part with their assets for Gold & Silver. Stimulating commerce by parting with your silver for goods & services. You only want to part with your gold for other assets, not for FIAT paper.
@@HuFlungDung2Production? For that you'd need a buyer. In a Depression, there will be no buyers therefore no production. When coming out of a Depression, a gold backed method of exchange will mandatory for the majority to trust again to begin to produce.
@@Jackson69 So what does sitting on a stack of monetary metal really accomplish? It's said to be like insurance, but insurance is only functional through restoration of your loss, and that takes action. That action comes from production. There will definitely be buyers, there always are.
Love Mr John
Excellent gents thxu
I don't think the comex must deliver pysical. The only i know sprott PLSV delivers physical. They had troubles to get more silver.
Thanks guys and thanks sexy gold finally!
Inflation in food prices is due to brands exploiting the lack of compitition e.g. a can of soup was 49p then its 105p but a bottle of whiskey only goes from £18 to £20 hste to say it but néd price controls if markup are too high
What is the numerator/denominator for the $5-$10k number. How does international demand factor into that?
Total debt/ number of ounces in central banks
@@Stone881 so we would need to revalue all currencies simultaneously? In theory? Interesting project.
I wonder if the central banks are preparing for gold to settle the score vs fiat printing?
Two perfect gentlemen
Maybe we can do a gold bitcoin hybrid reserve currency . 10% bitcoin and 90% gold . Just an idea, let the next generation decide if they want to tweak that
Question with the way the government is measuring inflation. Are seniors getting screwed as well with the third quarter measurement for ssi benefits. ? Thanks
Of course they are. Inflation does not take sides.
@@jimscherer8072 thanks Jim
Always. It is part of the plan.
@@auntiefiat9769 horrible
Don’t listen to the idiots telling you to sell your precious metals
I disagree with John on handing off your gold to people later that don’t understand it! Gold is money and if we had a legitimate system gold would be steady to higher indefinitely.
John makes it sound like you will be selling your gold/money to a greater fool like shite coin is doing!!!!
I think what he means is that it's never bad to take profit. I don't think he means dump all your gold at a certain price point. That would be foolish.
@@jimscherer8072 well that is what he said. I don’t try to think about options in what people I take as they say it. When he said sell it to someone else that doesn’t know about it that is pretty bad. Again gold is money and if our system had not been hijacked we wouldn’t be having this conversation.
I think he means, sell to those late to the party who blew it off before hand. I sell collectibles every day for 10 - 20 x what I paid for the stuff 30 years ago. It was cheap as dirt back then so I loaded up the garage!
I understood him to say sell to the late-comer after the big gains have been made.
ie, don't sell early.
Key is to be a strong hand and resist selling early.
Tom, what building sold for 3 million? Where was this?
St. Louis
Do we know that the govt. actually has what it claimed in the early 50s? John, I appreciate your logic and common sense, but this is our government with a history of, shall we say, otherwise.
A new economy and the end of the private reserve
The dollar and bond market are both doomed regardless of what the Fed does. If the Fed relaunches QE the long end of the bond market collapses due to inflation risk priced in. If the Fed cuts, the asset bubbles collapse but all the dollars the Fed has created remain in the system and bid up commodities that have retained their real value effectively causing a dollar collapse.
Long on gold & silver is inevitable
Misc: Anyone know if John Rubino has Native Indian blood? (He has an impressive face that genealogically is reminiscent of aboriginal American. Just a curiosity.)
I sit down 🥤and watch my stupid-boomer gold investments 🚀🌙.
John what if countries stop paying their debt? Ans use the US past practice of stealing 300B$ along with Europe. What happens with the dollar?
You fail to understand the historical average PE ratios of these stocks. These stocks have been in a bubble for decades and thats not going to change
8:50 A: Perhaps the ESF is/will buy the crap US Treasuries nobody wants. But such unsanitized monetization will definitely spike inflation. There is no way out but explicit default or revaluation against gold to square CB balance sheets. But who will trust the criminals who got us entangled in this mess in the first place?
COPY THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
🥇
👍🤔👌
I like what he didn’t say about bitcoin…🦗🦗🦗
First
Second
@@jimscherer8072 👏🏻
Blame culture is not mending anything ..so..resetting the currencies is on the agenda😮
Lambo when?
Gold would be the choice of the great powers it does not give the flexibility of fiat but bitcoin would be a straight jacket for any power that needed to spend so gold all the way
Stopped watching after 3min. Dude, we already tried a ‘gold standard’, and it failed because gold does not meet the requirement to settle at the speed of light that the market demands, its impossible to transport at scale due to its physicality, is impossible for regular people to verify and succumbs to centralization. Gold is beautiful…but it fails as a global reserve asset.
It didn't fail, we onlt stopped using it because we became greedy. After the war, the europeans were supposed to peg their currency to the dollar while the dollar stays on the gold standard. That is the reason why those nations sent their gold to the US. But surprise! surprise! The US abandoned the gold standard because people started trading their dollars for gold during the depression and they took the easy way out. they went to fiat as that will enable them to adjust the amount of money in the economy (print as much as they want if they need to.
stop the presses, that is remarkable. You need to explain this to the BRICS guys and central banks, the BIS too. They don't know this revelation. You should be teaching this stuff and get a channel ...maybe even a university school of economics named after you too.
🎉😂solar panels , electric cars will go away so demand will decrease
Ev's are bad for the environment
Had to turn this one off as soon as Rubino started talking as if Bitcoin were money. NOTE TO SELF: NEVER LISTEN TO ANOTHER THING RUBINO HAS TO SAY.
Ah, the erotic aesthetic angle. Indeed what makes the world go round.
We❤ rubino. Google manage ment surgery lary etcetera