Why Gold Is Seeing Record High Demand Right Now | WSJ
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- Опубліковано 20 лип 2024
- Gold is hitting record highs. But this new rally is bucking long held trends for the commodity, and bringing in a new class of investors. Typically, gold prices peak in periods of economic weakness and recessions; but by most measures, the U.S. economy is doing pretty well.
WSJ breaks down the factors driving gold’s historic rise, and what makes it different from previous rallies.
Chapters:
0:00 Gold’s rally
0:48 What’s driving gold’s rally
3:51 What makes this different?
5:04 What this means for investors
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
#Gold #Investing #WSJ
Read more about the 21st century gold rush: on.wsj.com/4bjx3HU
The economic downturn today for the US is the beginning of the end of the dollar
One thing not mentioned here is the chip market. Computer chips rely heavily on gold and silver. Chips cannot be produced without it and chip factories are scaling right now. Silver boosted a whopping 6.5% on friday alone and surged all week.
G FD
Nice video¡¡Merci¡¡
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
The Collapse of Some Banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach
Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful.
could you recommend some good advisers? don’t get me wrong, I already have an asset manager for my $5m portfolio, but he seems not to know much about crypto.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
Please can you leave the info of your investment advisor here?
She goes by ‘Carol Vivian Constable’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
great gains there! mind sharing details of your advisor pleas? 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 really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. We have been working with Tenley Megan Amerson, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.
In a crisis, astute investors know exactly where and how to place their money to minimise risk and optimise rewards. If you are not able to handle current market conditions, consult an experienced market strategist.
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.
'Amber Dawn Brummit' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.
Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Sharon Marissa Wolfe for the last five years or so, and her returns have been pretty much amazing.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
Gold isn’t an investment. It’s a savings account.
Don’t most people still lose money owning gold?
not when it goes up
@@mrjonesyyy Not particularly, but you also do not gain much money when adjusted for inflation. Gold isn't necessarily a savings account either, it's more of a safety net in case things go south (frankly though if things are that bad...gold isn't going to save you...different discussion though). Gold will always have relative value to other purchasable goods. Having some gold could be a smart idea, but personally I'd strongly recommend against people having most of their wealth in gold (at least for people in mostly stable countries).
It's a store of value, but it normally appreciates slowly.
@@grumblingstorm5854yea but there is little way to buy gold without a markup. So it’s basically impossible to get a return in investment.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
I'm considering a big investment of about $40,000 in gold because I suspect it could be a great move. However, I'm still a bit skeptical. Any thoughts or advice on this?
Given the current market volatility, I recommend finding a financial advisor who can guide you on entry and exit points for your chosen shares or ETFs or Gold.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Melissa Jean Talingdan is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Gold looks like it's going big this year. I really want to profit from it this year. I have about $40k I want to invest. My brain doesn't do very well in understanding these things. How do I go about it?
Don't act on every forecast. It is best you speak with a market expert before making any investment decisions. My two cents.
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
@@Angelavaldess Glad to stumble on this commentary, I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
@@hullbruce Sure, Alicia Estela Cabouli is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment..
I just looked this lady up out of curiosity and found her web page easily. Read through her qualifications, which were all very impressive. So I scheduled a call with her.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
vivian jean wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
Of course, "Jenienne Miniter Fagan". She has been of a great help, she's on the web.
Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call
Historically speaking Bitcoin doesn’t do much immediately after the halving - but it does do impressive spikes and tops out around 18 or so months afterwards. No one can time the market, but I'd say it's worth considering entering a position at current prices and if further dips occur, just add to your position. Over the long run, there is a higher probability to the upside than the downside, .It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.4Bitcoin to a decent 18Bitcoin in the space of a few months...I've personally benefited from following Aaron Klaus ’s trading tactics which speaks volumes about his expertise.
HE’S ON TELEGRAM
He's mostly on Telegram, using the user name..
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet and also want to reinvest.
I acknowledge that there are strategies that could be implemented to achieve substantial profits regardless of the economy or market conditions, but these implementations are typically handled by experienced investment professionals or advisors.
Aaron Klaus has always been on the top of my list..He is regarded as a genius in his area and well knowledgeable about financial markets.
You shouldn’t be asking “why is gold in such demand?”, you should be asking “why are people dumping fiat currencies?”
BASED and GOLD-BARRED. Super stoked to go cashless and carry around a bag full of gold coins and bullion.
Many countries are tired of trading in $'s. They see the US recklessly spending money and growing debt. They want an alternative. BRICS is their answer. The BRICS countries are stock piling gold and as of recently off loading US debt. They are the bulk of the world population and produce much of the worlds commodities. They see the weakness in the US dollar and could escalate the situation in attempt to establish their globally.
Its coz US dollar currency are now becoming useless due to post covid money printing blunder by Fed and impact of de dollarization
cuz dollar got nothing to hold value
@@6bk239 Just broken promises from the government.
By the time something is on the news you’re too late
excellent point. But better late than never : )
except ppl don't treat gold as an investment to make money anymore, now it's more of a hedge against inflation or world events that'll have an impact on the financial sectors in their countries
Forget Gold ,Silver is the anti-swine.
BINGO, you can tell they want ppl to load up on GOLD because they are about to DUMP the prices...Just buy storable FOOD it will pay off in the next 7 years.
True
People try to predict the economy not realizing it is a command economy, central planning! my question is, instead of having much cash in bank that could lose value to inflation, do I invest in stocks or buy gold to safeguard and grow my wealth?
gold to me is an inflation hedge for long term, but not profitable in the short run. luckily some folks find solution in financial advisors
thanks for putting this out .. curiously looked up Karen Lynne Chess on the web and was able to spot her consulting page without sweat, no doubt she shows a great deal of expertise
Buy bitcoin
Ok, bot.
Invest in your education & stop scamming people online,.stupid bots.
Democracy brought us here, some dumbos linking up accounts to advertise their wealth mngmt firm 😂😂😂
If did this i'll probably be in jail or smth
Gold and silver have industrial applications.
People always wish they had bought gold and silver after their currency collapses, but before the collapse they think it is just jewelry.
Gold has the same value. Currency is dropping.
Gold sellers are often scammy. Sp500 still outperforms, no?
Nah, everything is relative
Straight up lie if you remotely know anything. The value of gold go up and down. Not stay the same.
Bingo
The world's confidence in the USD is dropping.
I think he was trying to say, “these young people are skeptical of MODERN and financial assets.”. I am no historian, but stock markets and currencies are fairly new when compared to trading with gold.
The price of gold isn't going up. It's the dollar that's going down.
the dollar is super high right now
@@ThePrime125 Relative to what? Other fiat currencies?
Lol it is not
Bingo
@@wrestlinginfodude2644 based on what? do u know anythign about the dollar
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
good read. can you recommend anyone? probably the ones you have worked with>
that will amount to giving her a free ads haha. anyway her name is Kristin Amy Rose. just look her up. goodluck>
kristin Amy Rose. research her nd conduct your due diligence
Gold purchases are mostly from countries facing currency depreciation, followed with inflation eroding wealth. Personally I had to shift to alternate investments such as stocks which resulted in $1.7m returns in 13 months
notice how higher interest rates is bad for gold. You spoke about returns, how do you know if its a result of research or luck? In my experience luck plays a bigger role in investing, more-so than resources
Consistent outcomes aren't luck. research was the challenge till it led to Emily Ava Milligan, a top fund manager, her strategy made 390k into this and counting.
I pasted her name into my browser, and her page popped right up. I quickly realized how popular her sessions were. Your example was rare and tangible i wish i had it sooner to reference. Thanks for the share
And yet Japan is not buying gold, but Singapore is?
Because you can’t print 15 trillion gold like placing a few keystrokes.
Gold and Silver are "outside the system" savings accounts for me and only buy on huge dips like we have seen recently. Buying Gold and Silver keeps me from spending money on silly and unnecessary purchases. Holding physical Gold and Silver allows me to quickly pull in emergency needs and sell at my LCS and walk away with cash when needed. Not looking for it to moon and get rich off the purchases
I 100% agree, it is basically an inflation hedge, or insurance. Not dumb to own, but if you are looking for returns and compounding growth, look elsewhere.if you don’t have the discipline to avoid silly purchases, buying gold wont help you. learn self control.
In the current circumstances, it's wise to diversify by moving investments from real estate to financial markets or gold, despite potential future drops in home prices. Considering prevailing mortgage rates and economic uncertainty, seeking advice from a knowledgeable independent financial advisor is advisable for guidance.
@@Markjohnson09 How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@Markjohnson09 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. Thanks.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million.
The gold spot price chart doesn't look like it's inflation adjusted. That's rather deceptive to present prices over a long horizon.
34 trillion dollars. That is all you need to know.
Not really but nice try oversimplifying
@@StuckInOhio10it is absurd how you can just try to defend them 😂
@@jurassicthunder normalisation? Brainwashing?
@@jurassicthunderwho’s “them”? Bless your little heart 😂
"Gold has no CEO. No one can manipulate it. It has its value because of its rarity"
Where have I heard that before?
BTC 😁
Yessir 🔥 we are still so early but right at the perfect time for it to blow up
The next 10 years… hold onto your seat tightly
Gold and silver don't gain value, they store it.
A gallon of gas in 1960 was 30 cents. The silver in 3 dimes from 1960 silver dimes is worth about $6.50.
Silver is now $30. So it went up 100 times. Compared to gas.
You’re just wrong. Silver and gold are subject to everything any commodity is such as hoarding & speculation.
@@kiuk_kiks it's all relative, in the earth the ratio of silver to gas haven't changed regardless of price. Is English a second language for you lol?
@@EroticOnion23
Most Inflation is caused by corporations price gouging. Not inflated money supply.
@@kiuk_kiks You fail econ 101. Please read Milton Friedman.
Informative. Thank you!
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. BITCOIN is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into BITCOIN.
People don’t want their investments in printed paper.
You ever heard of stocks
Same people who would immediately take a million in US dollars if presented the chance
Every fiat currency ever created has failed. Yet you can go to Greece and dig up a gold or silver coin from 2,000 years ago and it still retains its purchasing power. Think about that.
But we should trust in our goverment to preserve our wealth.
@@AL-lh2ht ever heard of the 2008 financial crisis?
When your uber driver telling you to invest in gold, it is time to sell
Gold is an evergreen.
Nobody trust the dollar now after usa frezze and steal Russian asset and give to Ukraine
2:57 I don't blame Americans... GOLD is stable, and a better investment! Can't be manipulated.
Your tips help me become a better trader. Thank you very much for your time and effort!
Gold - Gods money 💰
US$ - Paper💸
Religion - opium for the masses
Everyone keeps talking about the dollar depreciating causing gold to spike. But aren’t all the graphs going China and India buying up most of the gold causing a run on demand. While American is not much higher. Doesn’t this say more about the Chinese and Indian economies than American
What this production gets wrong is old civilizations like China, India, Greece, Mexico have ALWAYS valued gold and silver as a medium of exchange and as jewelry for thousands of years. And guess what, they will be valued thousands of years from now which is why they are considered multi-generational wealth.
@@SoCalFreelance They just don't trust their government
@rfataltnyldz5072 largest gold holding civilian in entire world is India. 30,000 tonnes(more than thrice the amount of Gold present in US reserve). As Gold is part of their culture & festivals. There is a festival only for gold.
@@rfataltnyldz5072 India is literally the fastest growing major economy in the world right now, is expected to be the third largest economy in a few years, and its PM is enormously popular. It has nothing to do with lack of trust. India has been one of the biggest gold markets in the world for generations already. Similar story in China (the 'Understanding CCP Resilience' report by Harvard will enlighten you on that), except there's been more of an uptick there recently due to their current property market woes. But gold has been popular in both nations for a long time.
Russia is buying most of the gold
To succeed in Stock, Gold, crypto, and more, traders need to grasp asset class crossover and liquidity flow. Ann Elizabeth Messer excels in Multi-asset trading, skillfully managing risk, profit, and decision-making across diverse classes.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family.
The wall street journal 👏👍👈
Gold isn’t rising. Its fiat that’s losing its buying power.
That’s called inflation, sweetie
It's because of government spending, low interest rates, constant bail outs, money printing, stimmy checks, and more causing inflation
With the added affect of new patents creating more uses for gold, but it's mostly the other inflationary stuff
Very clearly and accessiblely written, even for beginners.
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks for awhile or better still reach out to an adviser for guidance.
The checking and savings accounts are secured by FDIC upto $250k up to a credit limit. This ensures consumers that their money is safe during bank failures. The recent bank failures are base on poor management, too much lending, bank runs, unknown from bank consumers.
True, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
Using Sharon Ann Meny as my FA has been the best decision I made
Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.
The dollar is dying thanks to the USA foreign policy
As it hits an all time high??😂😂😂
Cope. You’re just too broke
Yep, welcome to the Reset, folks. The new chapter of Multipolar world
fiscal*
Do an image search for "reserve currency status does not last forever." What do you see? Become a student of history.
I wouldn't touch gold with my investment money. To much central bank manipulation. The real price of free market gold (without central banks) is about 750 a troy ounce. That being said - I expect central banks to buy more, inflating the price even more. Platinum/Silver/Copper are better in my opinion.
The price of gold has never changed. It is the value of your fiat currency that changed. Gold is still worth $30/ounce. It just takes $2k+ modern inflated dollars to have that $30 from my childhood.
Were you born in 1810?
@@someperson8649 no, but during the 60s it was only $35/ounce
WSJ talk about india in most things. But here they dont talk about India. India has the largest amount of gold in the world among public around 30000 tons as per WGC.
western hypocrisy
It’s the amount of Gold the Central Banks of the countries own, that matters as it diversifies their reserve portfolio. That public gold is the public’s gold unless the Indian Government takes it from the public
@@DW-op7ly they talk about retail buying as well. And top 2 countries were china and india, almost at similar buying levels. India was in the chart in green but they intentionally ignored it. Talked about US retail buying and gave example from Costco which is nowhere compared to Indian buying levels. But for bad things even if india is at 50th position they will talk about it. Anyways i cant wake up a person who is pretending to sleep.
@@Show_what_I_Love retail buying is a factor in prices being pushed up. But it is that buying in conjunction with Central bank buying which is the biggest factor
As the Chinese Central Bank’s has been secretly hoarding Gold apparently instead of keeping USD or buying US debt
👇
Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy
JANUARY 9, 2024
Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds.
If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets.
OxfordGoldGroup
@@Show_what_I_Love
For example
When the USA crashes its economy that Gold held by the public in a country will be used as a hedge by the people
That Gold held by the Central Banks in what ever country will be used as one of the anchor reasons people buy your currency
Because when the people dump those dollars, they will need to buy someone else’s currency to do so
That’s why the Gold in the Central Bank matters
The Indian Central bank would need to “take” that gold away from its citizens for it to be meaningful
But like I said that Gold reserve is only one factor that is taken into to consideration why someone would be dumping US dollars in exchange for Indian Rupees
Gold is not getting valuable, fiat currencies are loosing value due to reckless money printing. For 10,000 years we are using gold as money. Fiat is relatively new and will inevitably come to an end.
Gold will be hoarded by the rich, then what will you complain about
@@abdiganiaden _The rich and the Gold_ has been there for thousands of years. Nobody can "hoard" all the available gold. Gold has been one of the most reliable assets in human history and it'll remain so. It's just not going to give way for random fiat currencies
Gold will end year around $3200
12/5/24 tamilnadu state in india sold 24 tons in a day
Fascinating.
The US printed too many Dollars.
In History all fiat currencies failed due to inflation. Physical gold will still very valuable in 10000 years.
Stacking for my old age. Drain down in 5000 yrs... to start my retirement. /s
DOW just hit 40,000! 🏁
Hyperinflation
the perfect strategy, I made from 5 to 71 on my demo made an 11 trade and I lose twice but for me, it's the best when I would reach 100 on my demo that's the time I'll go back on live. Thank you very much for sharing this. by the way I use it in PO.
Michael Burry has invested in GOLD recently. Ref: The Big Short.
also: WATER
Prince owned 67 10oz gold bars when he died. Many intelligent people understand the value of holding real assets in their portfolio.
He’s got a shoddy track record 🤷♂️
Value is subjective to each individual and only expressible when comparing 2 or more things. It's not the same as price
So long US debt getting WORST by days, so long Taiwan issue unsettled, South China Sea maritime issues, Ukraine war n etc.
That's how long one should keep stacking up gold n silver.
TLDW, most of the gold is brought when trust in economy (sometimes government) falls, as is currently happening in China after Evergrand’s exposure of an imminent bubble.
Its not gold price going up, it's the value of the fiat currency going down. Gold is to protect your wealth.
gold has always had the same value and its value will never change. the dollar lost most of its purchase power which is why people want gold
Pretty sure in China the stock market is heavily restricted, so they need to go to physical assets
It's not restricted so much as not as well regulated.
Chinese stock market is like a casino, their Government has Ben cracking down on Real Estate. So the only other real options are to invest their savings into technology where China leads the world in 37 of 44 critical technologies of the future already.
Or in Gold
I might have to get into gold beads. That sounds pretty smart ngl
Diversifying investments to include physical assets like gold can be a strategic move, providing a hedge against potential economic fluctuations and uncertainties.
Should i buy gold etfs guys?
MSM seems to never know that gold became a tier one asset again in 2019. Central Banks no longer need the USD to meet reserve requirements or trade. That fact is de facto reason #1 for the worldwide accumulation, but is somehow ALWAYS missing from every explanation.
Gold is not an investment, it is insurance.
How does Costco avoid scammers when sellin gold online?
Because it’s a hedge for inflation. It’s not that gold costs more now, it’s that the value of the USD is inflated so bad.
"Quantitative Easing" for a decade in Berlin, London, Tokyo, Zurich, Beijing, Shanghai, DC and New York. The world is not making more gold relative to currency simple as that.
👏👏 Gold and silver going skyrocket 🚀 🚀🚀 now 2024-2025 just wait and see 🙌🙌👍
2023 top 3 net buyers of gold:
#1 China 224.88 metric tons
#2 Poland 130.03 metric tons
#3 Singapore 76.28 metric tons
Good video
I remember when gold was $13 a gram. I’d go to the pawn dude and buy jewelry.
Still have it.
when US debt is at 120% of gdp and inflation is through the roof and recession looming, obviously people will go for gold as people know US dollar and stock market is gonna crash. the impending economic downturn increases the gold value, that is why people buy gold. they dont just buy gold for no reason.
Luv!
Gold is one of the best stores of value. It has been used in all of human history and would continue to do so.
Glad I be buying gold jewelry here and there.
Malpractice that they did an episode on gold and didn’t show a chart of gold’s price adjusted for inflation. It just terminally goes sideways - gold is an inflation hedge.
Gold sure will increase ti achieve 2700 to 3000 usd within this year. But for now if you didn't buy wait. Soon will decrease to achieve 2150 to 2250 usd. And will go up fast.
USD WILLL GO UP FOR SHORT PERIOD SOON
Agreed
How can withdraw USDT to binance account using only these words "bar buffalo stone electric maze limb oil match obtain rice above asset"?
I’m thinking of buying gold, maybe I should wait to it drops to $2100 an oz.
Never going up day by day
Me to im waiting to when it drops but i think prices will increase more i dont know
People are not stupid. They knew physical gold worth more than manipulated paper currencies.
Basel 3 accord policy states that Physical gold is now a tier 1 asset. As good as money. Gold derivatives on the other have been reclassified as tiers 3 assets. This all happened in April 2023- now put two and two together and now you understand why central banks have been accumulating physical gold- bringing the price to new all time highs. Enjoy
The only problem is going to be liquidity.
When $h1t hits the fan, you can't go just into the street below and try and sell your gold. Yeah, eventually you could but it's not going to be easy. Nevertheless, parking some amount into gold is a good insurance policy.
gold is for AFTER the crises - or maybe getting out of the country as a bribe
@@agates9383 I think my point remains. Also, if things got so bad, trust me, you're not getting out of the country.
@@Oceansta ask the Vietnamese boat people about that one🙂it does work but who knows about every situation - i think Gammon proved your point about liquidity in Argentina last month but my gold is for retention of purchasing power and trading for land etc if there are property rights next time
@@agates9383 what's the Gammon thing?
Nonsense. Everyone from every part of the world wants gold. This has been true for thousands of years. It's universal money / store of wealth.
I pray for gold to appreciate in value
Typical American media thinking there is no world outside us. Gold is high despite Us economy doing well is because of two ongoing wars and trouble in Chinese economy, which is a huge market for gold. Demand in India for gold is also very strong.
Watch the video
The American self-flagellation is old. The video explained everything in detail.
The video clearly states that there is more Americans buying into gold b/c of uncertainty in the US econony today & in the future.
Bitcoin is better.
Economy only appears to be doing well because the prices have increased, therefore increasing profits of companies and the stock market. Its not real growth.
Nope. Not how it works
Because people passivly put money into something thinking it would just keep increasing forever.
@@AL-lh2ht How does it work?
When the Real Value comes into Reality then the Inflated Value Disappears - Thanks to Gold!
Gold! Gold! Come on✨️
Adjusted for inflation golds price was 2700 an ounce in 2009. Golds ourchasing power was higher 15 years ago, than it is now.
You havent seen anything yet. When the market crashes golds true value will appear. And it will be much higher than you can imagine
i save my money in the form of gold and silver.
+1 💪
Started buying 5 years ago in my late 20's when it was $1400 an ounce. Not only has gold went up $1000, but the numismatic value on the coins I bought have went up considerably. But I didn't want to put more than 10-15 percent into it as dividend / growth stocks and CD accounts are more of a priority to me. My coins.were mostly puchased in.2019-2020. The premiums on bullion when I started were not much. But if you buy a 1OZ gold American Eagle or buffalo now, expect to pay a 7-10 percent premium these days. Case in point, It's a good supplemental thing for a portfolio, but the hobby/buying aspect has made me barely purchase it in 3+ years.
where can i buy a 10 oz American Eagle?
Binary options are pretty interesting, but don't be overhyped about it. I think classic trading is more safest way to make money
Interesting per capita gold demand comparable in india and usa , however it was far higher in europpean countries in some of years as per this data, also the demand from india looks overstated as virtually the shops wer closed totally in 2020, some part of 2021, impossible demand was even half avg trend those time
Not at all
Largest gold hoarding civilian population is India. More than three times the amount of Gold present in US federal reserve.
And that too after British looted more than half of our gold 😂
@@akhripasta2670 Pajjeet, China is largest Gold producer and importer at same time
Largest civilian gold holding population is India,
30000 ton as of 2020 WGC
Moin Ali profile pic.
2008 is coming again watch out
And there a reason of inflation, the price base on dollar
And I thought the record high demand was because of the gold coins I've been buying.
Is it with counting inflation