The only thing I caught that there is clear evidence he is wrong about is “gold isn’t used for anything “ 11:25 about 300 tonnes is consumed in electronics it’s about 1/10th of global output so it’s a significant amount. Most of that goes into landfills.
Amazing channel, amazing commentary as well, I think it would be better for us listeners if guests does not get interrupted, and you can give written commentary on timestamps for example ?
I own physical gold. Coins in a safe inside my gun locker, bars are in a bullion storage facility (allocated), Thai gold jewellery held in a safe deposit box (deposit box rental contract dictates that while the box is under rental agreement it is legally owned by the renter, not the bank).
The big banks get the money first when it is printrmed via the FFOM. The big banks ARE the Fed (remember the Fed board runs the show and the Fed board made up of the CEOs of biggest banks). They know they are printing useless paper so they simply reinvest their counterfeited dollars in real assets like gold/bitcoin etc
paper stocks, paper etf, paper gold, paper silver, paper tesla, paper nvida, paper bitcoin - all are paper. So what's the point - just trading for more dollars. (paper meaning not physical)
there’s no avoiding the pain coming for the west - we have learned nothing of the last 5 centuries let alone millennium’s kicking 2008 down the decades & putting the crime syndicate in charge will have mega repercussions - tariffs sanctions & wars will not save America 🇺🇸 If we could live in reality for once the policymakers would be making plans for where we fit in the changing world order rather than focusing on band aiding we’d be amputating our outdated & delusional ideologies to meet the 21st century in better health Sadly we’re going to deepen the suffering as we did in the Great Depression with tariffs that backfired on us Blaming China & immigrants won’t solve anything but it does work on the American public whose been psychologically colonised by the most powerful people who purposely hide the empire from us lest we’d have a revolution tomorrow
the question is how much you want to pay per year to hold and insure your gold position. vs the risk of quasi confiscation and a repricing cash out dislocation
Yes, you own the gold, but you can only take delivery of that gold if you redeem an amount of PHYS shares equivalent in value to one London Good Delivery bar, or ~400 Troy ounces.
I find it less helpful to look at US Government debt as borrowing money because a large part of that is due to that debt (Treasury bonds) being used as collateral to underpin the global financial system. So that type of “debt” can’t be removed/paid down once created. Especially since 2008 when trust was no longer acceptable, only collateral. So that mountain of debt will grow and enough capital/liquidity (balance sheet capacity) will need to stay in the financial system so that debt can be rolled over into a new term continuously for as long as possible. The length of each cycle will be based off the average duration of the debt. Which is about 4-5 years. This makes the Fed and the Treasury slaves to US Treasury (bond) Market. The country with the reserve currency status must have a deep and liquid financial sector that can act as banker to the world. Which includes credit, investment or saving products and collateral (It’s short term bonds with the ability to be used as collateral in most major countries.)
Because you have a limited understanding of the world we live in. There's a cost to ignorance and hubris. Fortunately you can offset that cost by buying an analog store of value (gold) instead.
Historically, Anglo-American jurisdictions have not been the safest for gold. Remember that the US Government confiscated the gold of private citizens at least once in the past. Many non-AngloAmerican countries around the world did not pursue the same path!
I can believe him about jurisdiction safety but are there example ls of confiscation of gold in, let's say Russia? If so when what were did that happen? I mean bank vault stored, or otherwise custodian stored.
I’ve been buying gold since it was1600.00 and kept buying until now and I will not stop at 2700.00…… if gold goes to 5000.00 who cares….. listen to the man
Luke is certainly smarter than I am, but his weakness is he's a 20th century trader who helps to keep this debt based fiat system alive in the 21st century. Sell his BTC and buy bonds on the fallback narrative of he's "just looking out for my clients?" Nah. Same narrative from Brent, Hendry, and the rest. The world would be a better place if these traders could no longer make money.
I like Luke, but cant understand his positivity about bitcoin. It will never be accepted by gov's as a reserve. It may appreciate in the short term, but ultimately its a ponzi scheme.
No, if you hold your gold, you still don't own it. Gold is a store of value for governments, not retailers. If you have enough to amount to something substantial, the gov will take it if they need to.
A guy who doesn't get that Ukraine is way more important than transformers for North Carolina in the grand scheme of things should not be trusted for any kind of analysis on the macro level. We're talking beginner level.
Upgrade your old 401k or IRA to bitcoin-sign up today and get your first year free: unchained.com/frontier
Always got time to listen to Luke.
has he really made you money
yes but why does it seem to be HEAVILY edited ?
Very good interview with Luke Gromen. The interviewer did his homework. Well done !!
My Dad put it into the treasuries in 1984 at ?14-15% and coasted for 32 years. Yes, he was scared, but he caught the bottom. We should be so lucky.
Luke Gromen is the smartest guy in most rooms.
This was a massive interview. Congrats to both, so much deep analysis, wonderful signal
Love to hear Luke talk about “anything”! This dude knows. Thanks for having him on!😂
Nobody gets it right more than Luke.
The only thing I caught that there is clear evidence he is wrong about is “gold isn’t used for anything “ 11:25 about 300 tonnes is consumed in electronics it’s about 1/10th of global output so it’s a significant amount. Most of that goes into landfills.
Luke, you give such great information!
I never thought of letting gold run in order to keep energy in a tolerable range, makes a lot of sense! ❤
🙏🏽 excellent as usual, coming from Gromen.
Enjoyed this one. Luke gets it.
Homie is the smartest guy in the room.
Unless I was also there.
Correct, I'd make him chief economic advisor.
@@dlukton useless information to the average person
Correct
Luke bringing the heat, once again. Thanks for sharing!
Amazing channel, amazing commentary as well, I think it would be better for us listeners if guests does not get interrupted, and you can give written commentary on timestamps for example ?
brilliant interview, thanks!
2:05 which indicator is he referring to here? Is this available in chart form somewhere?
fiscaldata.treasury.gov/
Great show thanks
Great stuff. How do you own physical gold and store it in a secure location?
I own physical gold. Coins in a safe inside my gun locker, bars are in a bullion storage facility (allocated), Thai gold jewellery held in a safe deposit box (deposit box rental contract dictates that while the box is under rental agreement it is legally owned by the renter, not the bank).
You can't.
The way it’s always been done: buried treasure. Hike out into the backwoods and bury it somewhere deep that isn’t prone to natural disasters.
I love luke
How does the Fed/Treasury ensure fiat is primarily directed to gold/bitc and not oil/cotton/copper etc?
Good question.
The big banks get the money first when it is printrmed via the FFOM. The big banks ARE the Fed (remember the Fed board runs the show and the Fed board made up of the CEOs of biggest banks). They know they are printing useless paper so they simply reinvest their counterfeited dollars in real assets like gold/bitcoin etc
is that hodl wave behind you how it looked at the top of last cycle
?
Great questions
Would love to see Luke and Brent Johnson debating the dollar for an hour or two. Somebody please make that happen
Luke is the best
What is "kegger"?
great questions
We love Luke!
Can we talk about the editing of this video?
Spot on 19:40
The amount of ads makes this unwatchable
Premium is $7 ffs
Get premium, no adds
The pausing to re-explain something makes it unwatchable
@@astroNexxhe bought the top... Hard times right now
Skip to end then hit replay and it erases all the ads.
Luke won me over@ 3:05.
Eagles and aircraft carriers!
paper stocks, paper etf, paper gold, paper silver, paper tesla, paper nvida, paper bitcoin - all are paper. So what's the point - just trading for more dollars. (paper meaning not physical)
much love Luke
What does Luke think about Silver?
I want to see a Luke gromen vs Brent Johnson debate.
Fantastic
there’s no avoiding the pain coming for the west - we have learned nothing of the last 5 centuries let alone millennium’s
kicking 2008 down the decades & putting the crime syndicate in charge will have mega repercussions - tariffs sanctions & wars will not save America 🇺🇸
If we could live in reality for once the policymakers would be making plans for where we fit in the changing world order rather than focusing on band aiding we’d be amputating our outdated & delusional ideologies to meet the 21st century in better health
Sadly we’re going to deepen the suffering as we did in the Great Depression with tariffs that backfired on us
Blaming China & immigrants won’t solve anything but it does work on the American public whose been psychologically colonised by the most powerful people who purposely hide the empire from us lest we’d have a revolution tomorrow
the question is how much you want to pay per year to hold and insure your gold position. vs the risk of quasi confiscation and a repricing cash out dislocation
I thought he said there was a country that voluntarily shrank its own government. But he never said which one
PHYS is the way to go. You own the gold in the etf.
Yes, you own the gold, but you can only take delivery of that gold if you redeem an amount of PHYS shares equivalent in value to one London Good Delivery bar, or ~400 Troy ounces.
Howell is saying greater liquidity as well
What’s the use of the U.S. getting their debt to GDP down to 30% if the real problem is the spending?
I find it less helpful to look at US Government debt as borrowing money because a large part of that is due to that debt (Treasury bonds) being used as collateral to underpin the global financial system. So that type of “debt” can’t be removed/paid down once created. Especially since 2008 when trust was no longer acceptable, only collateral.
So that mountain of debt will grow and enough capital/liquidity (balance sheet capacity) will need to stay in the financial system so that debt can be rolled over into a new term continuously for as long as possible. The length of each cycle will be based off the average duration of the debt. Which is about 4-5 years.
This makes the Fed and the Treasury slaves to US Treasury (bond) Market.
The country with the reserve currency status must have a deep and liquid financial sector that can act as banker to the world. Which includes credit, investment or saving products and collateral (It’s short term bonds with the ability to be used as collateral in most major countries.)
Seems like I’m seeing several edits…… am I wrong?
"When people SHOW you who they are, believe them." - Luke Gromen
Why so much editing?
Global liq. Going down tell us why and when its ends.
Love the absurd 5x speed disclosure speech at the start😂😂
Seems like I’m seeing subliminal selling points…..am I wrong?
Bitcoin.. digital gold.... 😊
luke keeps using the term. kegger. or jaeger. is that a slang drinking term for finance.?
Compound annual growth rate (CAGR)
Fiat has ALWAYS been a check or IOU for gold/silver or other *physical* commodities.
Bitcoin is a check written against numbers on the internet.
Physical bitcoin might be the dumbest thing ive heard in a while
Because you have a limited understanding of the world we live in. There's a cost to ignorance and hubris. Fortunately you can offset that cost by buying an analog store of value (gold) instead.
@sesh8863 do more research, it makes complete sense
Riddle Me This. How did China 🇨🇳 do incredibly “stupid stuff” over the past 40 years and NOT “pay the Piper.”
I’ll buy insurance when I smell smoke 😂
Historically, Anglo-American jurisdictions have not been the safest for gold. Remember that the US Government confiscated the gold of private citizens at least once in the past. Many non-AngloAmerican countries around the world did not pursue the same path!
"They have to inflate something that isn't used for anything."
Like Bitcoin?
Maybe, maybe then they take it. They already talking about doing it.
"PAPER GOLD is no different than USD" Wrong! Of course it is. But there are some associated risks.
Editing can be to the detriment truth
I can believe him about jurisdiction safety but are there example ls of confiscation of gold in, let's say Russia? If so when what were did that happen? I mean bank vault stored, or otherwise custodian stored.
48.30 NO. Stop it. You're ruining you're own podcast 😅
The amount of editing done in this video is crazy and unnecessary.
owning physical gold doesn't make sense as long as the commissions stay 7%+- on both sides of the trade!!!!
I’ve been buying gold since it was1600.00 and kept buying until now and I will not stop at 2700.00…… if gold goes to 5000.00 who cares….. listen to the man
You need a new source. My broker is 1% to 1.5% depending. Shop around!!
In reflation, Bitcoin is certainty
Luke is certainly smarter than I am, but his weakness is he's a 20th century trader who helps to keep this debt based fiat system alive in the 21st century. Sell his BTC and buy bonds on the fallback narrative of he's "just looking out for my clients?" Nah. Same narrative from Brent, Hendry, and the rest. The world would be a better place if these traders could no longer make money.
He doesn't hate the state like us Bitcoiners. Fiat mindset.
I like Luke, but cant understand his positivity about bitcoin. It will never be accepted by gov's as a reserve. It may appreciate in the short term, but ultimately its a ponzi scheme.
“Political instability in eight year” and interview just moves on 🤦
What is the 8 years thing? Felt like a bad edit
No, if you hold your gold, you still don't own it. Gold is a store of value for governments, not retailers. If you have enough to amount to something substantial, the gov will take it if they need to.
Buried treasure always works
Javier Milei.
My internet ones & zeros are better than your internet ones & zeros.
A guy who doesn't get that Ukraine is way more important than transformers for North Carolina in the grand scheme of things should not be trusted for any kind of analysis on the macro level. We're talking beginner level.
Way more important to who? George Soros? Hunter Biden?
he said the magic word: Bitcoin
A gold bug in a bitcoin podcast lol what a joke
He's also pro Bitcoin. Not everyone can be a laser eyed psycho like us.
@@pran10000 major L for unchained on this one. Gold is a dumb rock
@@johnnyyvit I would like to hear opinions of non maxis too. Living in an echo chamber is stupid.
@@johnnyyvit and Bitcoin is just stupid code that does nothing. See how stupid that sounds? You sound ridiculous
@@pran10000 did Michael Saylor buy gld ETFs? No right? Stop making a case for a dumb rock and a L interview
G