This Ratio Is ‘Screaming’ Sell Gold & Buy This Commodity Instead
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- Опубліковано 20 вер 2024
- This ratio is "screaming" sell gold and buy this metal instead, says Larry McDonald, Founder of The Bear Traps Report and New York Times bestselling author of 'How to Listen When Markets Speak' and 'Colossal Failure of Common Sense.' McDonald tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, why platinum is a better play. McDonald also explores the coming commodity bull market, sharing his price outlooks for gold, silver, and platinum.
Did you like this clip? Watch the full interview here: • Fed to Raise Its 2% In...
#gold #commodities #metals #investing
Follow Michelle Makori on X: @MichelleMakori ( / michellemakori )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Larry McDonald on X: @Convertbond ( / convertbond )
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Liked this excerpt? Watch Larry McDonald's full interview here: ua-cam.com/video/RIuInQXQKj0/v-deo.html
I'm not selling GOLD
Me either, I keep them both.
me neither. they always talk about selling silver and trading it for gold and im like where will this gold come from?
Nor me, I bought my gold because its beautiful, iv bought significant amounts of platinum on 3 occasions only to move it on at a modest margin to buy gold.
If you don't know of anyone who will buy your platinum a dealer will not give you a good deal when it comes to sell.
Also, platinum in coin form, is real very special, and it's very likely the last precious metal you'll likely part with, so you're kids get it and they won't appreciate it.
However if my contacts needed my duplicate gold I could do a reverse deal for a few nice examples of britannias and Queens Beasts at the current platinum to gold ratio of about 2.5 - 1
If anything trade silver for gold when it hits 40 -50 to 1.
@@heartoftexas8092 I would agree, however, My personal opinion is that ratio margin is unlikely, therefore a 60 - 1 STG ratio should be the trigger.
Gold is going to be the preserve of central banks, so the price for individual's affordability may become a barrier.
It's worth remembering that that nominal price of gold can be anything central banks want it to be, most individuals are either spent out or already highly leveraged.
If you are holding physical gold, you would be crazy to sell it.
True.
Or desperate!
Cost of living crisis can cause many to sell prematurely
@@goldguilder9554 Yep I sold 10g gold to pay a flat deposit cause my dads broke.
Complete nonsense about selling your gold!!!
Stupid header,
Don't sell your gold 🪙 wait
Poor man's gold 🪙 is silver
Not complete nonsense. If you don't understand when something is ripe for a trade, then you understand very little.
@@MrBluegrassfiddler maybe a basic principle yes, But regarding these specific circumstances, no!
Buying gold in the current climate should be an exchange of devaluing fiat currency for an asset of intrinsic value.
Swapping in and out of assets is like treating said assets like a hot potato, similar to Derivatives or crypto.
"the most conservative way to own silver is SLV." Uhhhh....wrong bucko! Most conservative is to own physical, with no counter party risk.
It’s the BUCKO for me 😂😂😂😂😂
@@syrentertainment135 😎😁
This guy is a joke you don't want to buy etfs. And you certainly don't want to buy ETFs at Jamie dimon is holding and suppressing the silver market where this piece of paper has been sold 300 times by first Majestic buy a basket of explorers this is a terrible interview this guy is ridiculous ridiculous
Exactly. And if a person HAD to buy some kind of ETF, way better to buy PSLV than SLV. Its prospectus doesn't make allowances for not actually holding silver.
No way should anyone be in a 40/40/20 structure.
THE STOCK MARKET IS GOING DOWN.
R/E IS GOING DOWN.
Commodities are the place to be.
Period.
A few put options on the DOW is a potential screamer deal, leaps put options
Last time a girl blinked that much at me I fell down the stairs.
😂
Roflmao! Michelle has the hots for you for sure! 😝😆👍
😅😅
Robot
Looks like Morse Code
If you don't have it in your own possession, you don't own it. The system is corrupt, and there is at least 10 times amount of paper silver as opposed to actual silver. Get it in your own possession.
You are absolutely right 👍🇺🇸
Facts!
Keep buying gold it's undervalued
$30-$32 by EOY.. shows why these "experts" really just get paid to guess.. $30-$32 is now lol
Silver is already over 32 🎉
I know huh lol
This guy smokes crack
Right more like 35-40
They must have taken awhile to upload this.
Right, silver trended above 32 already. Can’t go wrong with his end of year price.
I never ever sell my gold. I pass it to my children in 40 years.
Don’t think he was talking physical gold
Historically speaking Bitcoin doesnt 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'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
As a beginner, it's essential for you to have a mentor to keep you accountable..
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more..
Nice, I was just holding before I found Kerrie. In my opinion she is the very best out there...
The top signal provider in the market. Well informed and composed (unlike some traders who have recently joined without experience)..
This clip is taken from an interview on 10th May ... the news is not current at the date shown for the video. The timing is important if the information is supposed to be useful ... Kitco, please make the date of the interview clear!
Stock market took me out in 08 . Never again . I’m 100% gold silver platinum physical and cash.
Been stalking gold and silver from 2017. NEVER SELL!
smart move !!
Stack it too!! 😂
Ur the stack master !!!!
Unless you’re desperate, selling gold in 2024 couldn’t be dumber. imo
So people whining about selling gold....
I sold gold and silver in 2020, made 30K
I sold gold and silver last friday made 20K plus the 17K I made earlier this year.
Yup, in 2020, waited for gold and silver to go back down bought more.
Hopefully get a chance to do it again.
I havent sold everything still have a few ounces of gold and over 1000 ounces of silver,
I'm going to wait long enough to turn that 1000 ounces into 5000 (sold 3000).
It's simple folks,
Buy low sell high,
and
PATIENCE
simple.
I sold 23 ounces of gold. Hoping to get 30 when I buy back.
Oh and the cash is sitting in a (currently) 5% high yield savings.
Man if I could live to 100, I'd be filthy rich in my filthy diapers.
Wishing you all good fortune, however you trade!
It’s good to start off small….get that right and move onto bigger trades.
😹
Save gold .... BRICS only values Gold...and its growing FAST
Who is this guy?! Physical silver is $32 right now! He is teling us that it won't move a step up for the rest of the year?
He a 🤡
Probably recorded before the price surge.
this guy is living in a backward timeline
@habgeVRL get a clue.
if you bothered to read the video description, you'd know the full video is from 11 days ago, so it was recorded before then.
11 days ago, the price had dipped into the $27 range.
Easy prediction!
Both are going to continue to rise. Dont know about selling one for the other, but rather work on accumulating more of each.
The main goal should be to sell your fiat money for any precious metal.
@lxmzhg Not a bad idea. I choose not to put the few eggs I have, though in one basket.
He doesn’t seem bullish enough! We’re already past his ‘24 target 🎉
You do know there is a difference between GLD and Gold!
He doesnt
!(: One is paper and one is REAL ;)!
The O
@@lrr5425 Lol
He said SLV is conservative 😂 SLV is just paper, you don't actually own metal - read the prospectus, they can deliver just USD. Buy PSLV or physical allocated/segregated.
But how does this gold and bitcoin rise suddenly it means there is Businessmen gang and groups working in background and run the world on their terms. This is highly risky and dangerous for people like us who have no power at all to move mountain.
Investing in gold and silver seems like a good move, especially with the current market uncertainty.
Absolutely, gold has always been a safe haven asset in times of economic turbulence.
So many people are talking about silver being a good alternative to gold purchasing, but take into account the tax (VAT) on silver purchases versus gold (in most countries, absolutely tax free). My gold has climbed by 20% in the short time I have had it, and I will not be paying any taxes on it (even when I purchased it) when I go to sell, but... silver hits you with a VAT when you go to buy it (in Europe), at 19%.
Gold, it's more stable, it's tax-free. When the industrial need for silver falls due to economic turmoil people will find that they should have not jumped on the bandwagon so completely.
Even a quickie with Michelle is great.
I prefer a longie
@@E_incognito we all do.
@@E_incognitoSo does she 😂
Not for me, a long weekend of spoiling her, wining and dining......... etc.
😂😂😂 that's GOLD @heartoftexas8092
Great update! Lots of content lately. Some of us are actually pulling gold from the ground with our own hands, this information is just as valuable.
It's amazing to me that gold and silver are so slow to move when the US is losing its world reserve currency status.
As has been the case for months now on Sunday evenings and well into the wee hours of Monday morning that Asian market (led by China) bid the spot price of gold dramatically higher; then when the American exchanges open we see an equally dramatic fall in the spot price. This happens on a regular basis now and today was no exception; gold was as high as $2454 but plunged immediately on the open of the American exchange and currently is falling again at $2423. No plausible explanation is ever offered by the business press for the big declines in gold every time the U.S. market opens. 😑
Same for the LBMA, both run by criminals.
Silver is $32 already. This guys behind the curve.
Was. So he ahead of the curve
I'm actually BUYING GOLD, HELL YEAH BROTHER
Buy Physical silver & gold and forget the BS wall st paper
Interesting how you kept saying by ETFs , Etc. paper , personally, I think, having the real thing in your hand so much better than a piece of paper , as far as gold when the dollar collapses gold is going to be your money , and Silver , to barter with and as far as the platinum, it comes from Russia Russia is putting a pinch on it because of the war , it cost $17-$18 to run an electric vehicle per mile. It’s not a clean green energy like they keep insisting. , Hydrogen is not just for heavy equipment for every Vehicle , we have plenty of salt water it would not hurt the ocean to use it for hydrogen .
The man holds no gold or silver, but has lots of paper to sell us.
Roger that
Hydrogen is produced from ultrapure water, expensive to produce. It takes as much energy to produce it as is available from it. Then add the cost of compressing it to 10,000 PSI. The stored energy density is 4X less than that of gasoline as well. A hard sell in the transportation world for sure.
Canada is in the # 4 spot for holding US Bonds, 330 Billion $.
Should Canada sell the US Bonds and buy gold?
330 Billion $ = 4100 tonnes of gold.
Remember:
World Money = Gold 💰,
Gold = Tier 1 asset.
Canada 🇨🇦 sold there’s gold cheap 10 - 12 years ago and
same dumb mistake England 🏴
did while back so sad 😭 and so sorry 😢 for that action
thank you for reporting on gold and silver
Sovereign governments are purchasing record amounts of gold, not silver, as they move away from the dollar.
So you want to be 40% invested in bonds?
Bonds have lost 50% of their value since 2020 and the government is not getting anymore trustworthy.
If you listen to people like this guy, you’ll always be losing.
We’re in a bond bear market.
The Brics, currently are matching the GDP of the western nations. The anticipated new members will add to the GDP total and soon outstrip the GDP of the western nations. The Brics are not planning on a Hydrogen fueled future as they are maintaining oil, gas, coal and nuclear as the mainstay energy sources. The mainstay energy sources are lower in cost to produce and have higher operating efficiencies than the alternate "green" energy sources. This fact will force the western nations to stay with the traditional sources of energy supply to compete in the global market of goods and services in general. This is the marketing trend that should be considered in the financial world.
Just dump all paper assets and buy gold, silver, top quality rare precious stones such as Tsavorites, Spinels, Rubies, Sapphires and Emeralds. Buy some Burgundy wines too. Just don't keep too much cash or paper assets. They'll all burn up soon. Very soon.
SIMPLE: buy enough of both.
No way! Gold is only beginning its ascend.
Silver already at 32 lol
not a financial analyst but those following the materials and energy markets see a trend away from full electric to hybrid ... the opposite direction .. as a result of materials costs, lack of mining and environmental opposition to opening new mines in Western nations, increasing number of unsold full EVs sitting on lots and cost of competition with cheaper Chinese hybrid/EV vehicles, energy costs in full EV construction. Hybrids will eventually be settled on by the environmental community as a compromise from the insanity of eco destruction and cost of mineral mining for full EVs ... but following the EV/hybrid debate will tip investors into the Cu, Ti Mg Al and other precious and rare earth metal markets esp those mined in China
Oh yes, load up on silver before it's too late, same thing they have been saying for YEARS!!!!!
Right! And the spot price makes it so it has to go up even more the cover the difference.
It was my worse investments!
I got rid of it and got into nvidia and made quick $$
Well now the price rocketed up higher than it's been in a decade. Thankfully I was predicting this and bought more than 4 kilos before the price shot up.
@@gregmaltz1143 Yes, but the shows bias , is to sell the gold and buy silver, which hasn't hit a new high in how long? Maybe Silver will take off . I would like to see this guy get interviewed when gold is $4k an ounce.
@@bill7778 I don't view it as an either/or thing and only time will tell. But if gold goes to $4k as you say, and silver only goes to $70 by then, silver is still the much better trade, giving you more than a 100% return.
If you sell gold for anything you're a fool. HODL
It was best to sell Gold when the ratio was 90:1. I believe over the next year or two, it'll continue to do relatively well. But personally, I wouldn't sell gold in the 70:1's.
Historically, 90:1 doesn't hold for long. Apparently a good choice 😁
I prefer to buy silver between 80 - 90:1, so I hope it gets smashed down again.
Never heard of this guy, but he has great insights. More from him please...
I sold my gold & gold stocks I bought a while ago & all-in silver 3 mths ago... quite a phenomenal return to me so far. He's been right so far.........
No buy only gold and silver dont sell it
The charts have been screwing sell gold for like the last 10 years. Gold doesn't even break even with inflation..... Buy Bitcoin
$30-32 by the end of 24? Extremely conservative projection amigo
Gold and silver can only go up,the world economy's are bad and in debt,they are, with large banks ,stacking gold because they know something bad is coming.makori's blinking made me move my eyes up from normal position.
you are right sir, once everybody is comfortable with gold, feel worry, and also, it hits a major fib extension.
Great info buddy, do you think a coin like Fourprime token could move in a similar direction to Aero?
Larry doesn't understand that nobody will be able to afford a vehicle... by design... so they'll have to live in 15 minute cities.
No vehicles, no catalytic converters.
I sold a kilo of gold and bought silver 3months ago.
This guru is a worry. So his Silver buy recommendation is because the price will be at $32 - so that means from today's prices its going backwards. And Platinum is a good investment but then again in a couple of years it won't be.
Traded all my gold for silver @120 to 1 awhile back. $ cost average is $2.11 an otz. Silver at the time.
Gold is the way to go don't sell🥇
Not sure this guy deserves criticism for saying sell your gold. To me, he’s merely proposing rebalancing after a run up and identifying the potential better value, I really enjoyed listening to his viewpoint
I ❤️🥈
Thanks Kitco
Sure. Let’s pump empty promises to get churning in the metals market so people can pay even more premiums. I’m going to pass.
Where does one buy a "paper" wallet?
And how do you buy stock or coins and put them on your wallet?
Any vids that can teach you how to do it?
Sell your gold? This guy must work for the government...
Listening for 20 years same crap
It’s already at $32. Silver
The use of silver in explosives is quite large.
I worked as security in the gold factory... in Serbia,where they produce gold bars...when i spoke with worker in the factory they said to me that the last 50 year's when they produce 1kg od gold there is between 77 and 85 kg of silver....so when you see 80 : 1...that is the real value of gold and silver... everything else is a bulshit...undrestand?
The gold/silver ratio was 88/1 just two months ago. 76/1 is not nearly as attractive now.
Gold swapped to platinum is a screamer opportunity.
I am maybe thinking to sell just 1 ounce if there no capital gains taxes and If gold at 100 000$ otherwise I continue to stack gold 😁🤗
Gold will not drop more than 3 % from here for a good while
Bitcoin is a better investment than gold!
Thanks for the update. I bet those Fourprime token holders aren't too worried about the markets.
I’m 70 metal / 20 short debt / 10 stonks , and the 10% is a worry.
GOLD FOR INSURANCE,NEVER DISSAPEAR
If you are going to back a currency with gold, you can back a lot more currency if the price of gold is 50k per oz. Let it run!
He resembles the Russian General guy off Stargate tv show.
Thanks for the update. I bet those Fourprime's token holders aren't too worried about the markets.
Same old same old story. How do these people get on as a guest. I can regurgitate this same shit for a fee, hire me.
I got in Fourprime token as well! Huge play, looking forward to the rest on this bull run!
Sorry, Padre, but gold and silver are the place to be, nobody's gonna be running to platinum, especially when the SHTF
Never sell your gold
$30-$32 on silver in 2024? Today is may 20th and silver easily saw $32 earlier in the session. How About $38 this year. Key resistance of $30 now broken and next key is $35 which will be no problem. Problem with platinum is industrial use actually in an early downturn cycle that will continue for a good while. Gold and Silver entering a long-term bull cycle. $2,800 gold within 7 months from today and Silver easily hits $40
Blah blah blah “industrial demand.” I’ve heard all these lies before when silver was close to $50 in 2012, and the pumpers were calling for $200 silver.
Platinum is not a monetary metal.. the US const. Says gold and silver is money, it doesn't mention platinum.
We will not be here by 2025
Guy makes sense regarding shifting markets. I'm sitting on my stack and watching oil, gas, and lng along with pipelines.
I wish I could go back to 2016 and load up on Rhodium at $500/oz. I came very close to buying one ounce on eBay around $575.
I miss the days when Michelle would say the word "Transitory"
If Fourprime's Token has the growth as it has atm then no doubts it will dominate the industry
I’m all in Fourprime's token this is one of the greatest looking coins, base will take over and Aerodrome will be bigger than uniswap one day
How is Fourprime's Token better than anything else right now?
Fourprime will 100x this cycle.. i'm buying everyday 🔥🔥
This was NOT 6 hours ago, morelike weeks ago. DECEPTIVE !!!!!
the time on here is when it was released on YOutube, NOT when it was recorded. Unless it says LIVE it is pre-recorded and released whenever they fit it in.
This is rubbish. Hold on to your gold as solid investment for its intrinsic and never fading value. US dlr is crumbling, dont be fooled
I’m all in Fourprime token this is one of the greatest looking coins, base will take over and Aerodrome will be bigger than uniswap one day
Fourprime's Token is out of US companies the best horse. They are smarter and more innovative than any L1 or L2 assets
kit I is spot on!
I would sell gold to buy copper right now
The gsr is irrelevant. May as well be oranges to oreos.