🔴 Did China Just Sucker Investors Out of Their Gold? - Ep 964
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- Опубліковано 8 чер 2024
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#china #gold #jobs
"China just dumped 7 trillion of US treasury..."Well, its so obvious that things are not improving. I'm looking at high-yield dividend stocks. Selling 200k worth of equities is stupid without reinvesting it. I might turn to cash soon if I don't invest it. Any particulars? (Buying bonds or CDs is not for me)
Don't get any such ideas. If I were you, I would bother less and buy gold and bitcoin. There are more institutional investors in long bonds than individuals and they are all relinquishing their long term holdings.
I agree, while higher interest rates increase bond yields, they also hurt long-term bondholders who can't wait for their bonds to mature. IMO You are better off for next 5 years by buying the dip now.
Avoid institutions holding your money in a bad bond bear market. Seek alternatives for passive income. Consider commodities, but consult a financial planner first, like I do
I am new to alternate investing, bonds were sold off, now this pump and dump scheme by the fed. What other alternatives have you tried that bring you passive income?
I consult with a renowned NY advisor and fixed income strategist with an unorthodox approach.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
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.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
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 so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I just want my money to keep outgrowing the inflation rate. That’s why I'm looking for companies now to invest my $120k savings. Just don't know strategies to employ to make significant gains
Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter. Pulled in more than $46k in the last two months alone.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on UA-cam videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
I wouldn’t mind getting in touch with your advisor. In few years I will retire and my portfolio will definitely need some management.
Rachel Sarah Parrish is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
She appears to be very knowledgeable. I found her webpage and read through her resume, educational background, and qualifications, which were all very impressive. I have sent her an email detailing my financial goals.
My portfolio for the past 30 years has always been self managed and I own 3 shares of RPC WEALTH IAF Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incorporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Invest in real estate, ETfs and high-yield savings account.
Just buy Gold and protect your assets, the stock market is a rollercoaster.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit. If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. I am up by 418% in 1 year under guidance.
how do I get one and interview them? Considering your point I won’t want to get into a bubble. Can you recommend any?
RPC WEALTH IAF is a hot topic even among financial elitists. Just browse, you’d find them, thank me later.
I don't even look at silver and gold price. Just keep stacking.
The Ray Charles effect .
me too!
I was laid off of my corporate job, along with others, to give our jobs to people in Colombia and India. So Americans arent working but foreignors are on the payroll now.
You can thank Biden and the Democrats for that.
You’ve gotta love “Sliding Biden” and the other sleazy Demorats for the mess we are in now!
Go to the polls with it. Go with your brain not your feelings
@@kongxiong6005 Why bother it's all rigged.
They been outsourcing for decades now.
I have listened to your show for probably 8 years now. I have met some Gold miners in CO that have said they are acquaintances of yours and they have said you are just as upstanding in person as you are on your show. I have much respect for you and hope to have the pleasure of shaking your hand some day.
Great podcast as always. Thanks
I can’t find any silver to buy for 29. Only paper. The only silver I can get is 32.50ish
With larger quantities you can definitely get at spot. But you get ugly bars, not shiny refined coins
Welcome to the world of precious metals. It's very difficult to buy near spot, you gotta shop around it takes time and effort. Same with selling, you aren't gonna get spot from most dealers/shops. And Zeleno is correct the coins are gonna be way more expensive, gotta do bars.
@@Ziegfried82 I bought COMEX bars at spot price in the past, so it is definitely possible
Deals at SD,monument, JM, hero, and others are around $1.39 over spot for 1oz rounds.
Hero has old Canadian 3/4 oz coins for 99c over melt.
@@ZelenoJabkono
Government: + 272.000 jobs !
Households: - 408.000 employed !
So 680.000 people got a second or third job and 408.000 people lost a full time job.
And got a great part time one at Amazon or even better still : McDonald's !!! WOW !!!
+272k migrant jobs
-408k American jobs
@@singular9 Ask the farmers, landscapers and construction businesses why they hire migrants and how come Americans aren't doing those jobs.
Would you believe me if I told you most of the Government jobs added were to mange incoming migrants a.k.a. Illegal aliens. Brace for impact.
In the mean time 690,000 young people become eligible for work every month. while 330,000 will retire. Anything less than 360,000 jobs created in a month is a lousy job market. How long has the jobs market been below that number?
Investors are extremely alarmed by the impending recession and the Fed's rhetoric of raising interest rates. My $600,000 stock portfolio has lost 25% of it’s value. Whats the best way to hedge my portfolio to make profit in this coming recession
Everyone is uneasy due to the continuous wars in the Middle East. To get assistance with your portfolio, you ought to speak with an FA.
True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.
That's impressive! I could really use the expertise of this advsors.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
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.
I laughed out loud when I saw Friday's bogus NFP report. It was just ridiculous! 😂😂
Peter please do your shows atleast twice a week in these Volatile times. ❤thanks
You need to hear buy gold many times a week? Every "show" has the same rants over and over again.
I loved the big gold decline on Friday , I bought a little more.
If the chinese would be done with the buying of gold they certainly wouldn't communicate it.
They didn't communicate it. Reserve purchases are publicly available.
2% Inflation is a 2% tax!
2% in a dream.
11-15% in reality
@@luffebassen even worse
And unlike a tax on your income, inflation compounds.
@@vz5374 Naa i think its been calculated pretty well by 1980 standards to be just around there by credible people.
2% Inflation = less Money Power + another couple % increased Prices
I believe the gold price fell on Friday because it was being manipulated in anticipation of the news of June 9 end of the petrodollar
Now that opec doesn’t need buy as many Tbils the fed will have to, thus inflating the dollar.
July Headline "China buys record amount of Gold in June " 😅
Betting my house you're wrong. Trolltastic
Bitcoiner ALERT .. 😅😅😅.
not just china.... india russia etc etc
Future headline October 21, 2024 >>> China is FORCED into liquidation of its gold supply as the Yuan hits a multi-decade low against the U.S. dollar!! ...can you say "margin called!" ???
@@sergiorodriguez2764 russia is not a gold buyer, they are gold seller, they produce a lot of gold, but they need dollars to buy western technologies
What I don't understand is why Comex and Lbma are supressing the price of Gold and Silver if China and Bricks are buying these metals? They are allowing Bricks to buy cheap. Why?
Corruption? Extortion? Maybe both.
Cause they dont have any!! Canada has zero gold and usa only has gold that belongs to other nations!! They also have zero!!
China market was closed Friday. And will be Monday. The news was market manipulation by the west, and the drop was done by the west in the absence of Chinese activity.
The China gold market closed at 4am our time Friday. Go look at the chart.
@@aaronsullivan1628 ty for pointing that out.
China hasn't bought an ounce of Gold since April. The weekend has nothing to do with it. herpaderp
@@aaronsullivan1628 China can buy gold at anytime in reality. 24/7. Just not advertised.
@@curtisrandolph1887 Yes, and no. There’s a difference. And nothing changes the fact of what happened.
Bought 6 oz gold on Saturday ty china
China "stops" buying gold......while buying gold. wink, wink.
That's like me telling my wife I'm not buying Gunz anymore, while buying gunz.
Manipulation anyone lol 😂 😂?
Exactly, they lie, like bankers lie, like government lies. Lies, lies, lies and these traders believe these lies like the biggest of all the BLS jobs report. Manipulation by deception of perception creating the sentiment which drives all markets. Illusion and delusion is the nature of today's financial news driving fear and greed. Disgusting!!!! Just in time for the FOMO Wednesday next week for which many PM crashes are time to occur.
China never stops buying gold. If they project an image that they are slowing, then they are actually increasing purchasing of gold. They sweettalked Canada out of billions of dollars in gold
China hasn't bought an ounce of Gold since April.
The recent stock market collapse in China is causing a lot of panic and economic turmoil. it's crazy! I read that the government had to intervene with a massive 2 trillion yuan bailout facility to stabilize the situation.
This is definitely a challenging time for the Chinese economy. I think they need a comprehensive solution to address the root causes of the issue.
Do you think a financial advisor (FA) could provide a solution to this crisis? It seems like they might be able to guide individuals and companies through these uncertain times.
Absolutely! An experienced financial advisor could play a crucial role in helping businesses and investors make informed decisions during such market downturns. They can provide strategic advice, portfolio adjustments, and risk management strategies.
You're right mate! I've been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $900k
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?.
It’s always going to be a moving target 🎯
Started buying again at $2288 hoping to be loading up even lower. Thanks China
I bet China was instructed to issues this lie by the international bankers in order to put a cap on PM prices to keep the dollar reserve currency illusion sustainable and ongoing.
Retail never changed, so 2288 means nothing.
The chinese government SAID, they didn't buy gold.
We can only know one thing:
They want us to think, they didn't buy...
No. They really didn't buy any Gold since April. You're just wrong.
@@meinking22 how can we know?
@@michaeltiedt6376 the reserve reports are public. Google is your friend
Calm DOWN and Buy more GOLD!! 😊
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
When I first started watching Peter, gold might have been $1k. It has surely doubled. Even if he were completely wrong about stuff, his advice was solid.
But since gold was at $1k he's had haters say he's wrong, gold is just a pet rock, and look at them now. Eating crow.
Imagine if you had bought Bitcoin back then.
Buy physical gold don't worry about the gold miners unless you really know what you're doing
@@luffebassenImagine all the other investments one could have made instead of gold. There are many but I can hold the gold in my hand unlike Bitcoin. I love Bitcoin but there has been no adoption in any country I know of. You can’t buy much with Bitcoin at a traditional store anywhere. Gold and silver are much more liquid as you can go to any coin/bullion store and receive currency. If Bitcoin becomes useable, it would be awesome. I hold some private crypto but no bitcoin.
@@georgeorwell3501 Its been adopted by a country.
Its can be used to buy pretty much anything you want.
All the biggest money funds have created ETF`s for it.
Just because something is out of your sight, does not mean it does not exist.
Read a long time ago that China's central bank don't buy gold if the private market in China is buying a lot of gold. Because they don't want to fight over the gold that is in the market. It's what could have happened.
Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.Thanks to Zelia Atkinson, the lady you recommended me to.....
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I've been sticking to investing via an analyst
No doubt!! I never knew (Zelia) had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
*Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.*
She's my family' personal broker and also a personal broker to many family in united states' she is a license broker and a FINRA AGENT in the united states
WHEN KIDS GIVE YOU FINANCIAL ADVICE THAT IS THE MOMENT OF COLLAPSE
Ok boomer
I made that mistake once. It cost me my home.
@@AnthonyJones-gf6yvare you familiar with the roaring 20s? He’s referencing a historical precedent
Great show. Thanks.
Excellent views from gold guru Peter Schiff. 👍
How can anyone expect accurate predictions when those in control constantly change the rules and move the target, I think Peters advice is solid and if the truth was reported would be spot on and accurate.
The price of gold will go up and down but gold will always be worth more than what it cost, if that makes sense...🤔
What about immigration effects on job report? If 12m people are coming in each year then they could be part of the hiring number
That's a good point though I wonder if 12m illegals came in they wouldn't be counted in the statistics because they wouldn't be allowed to work in the first place right?
Asking as an Australian, I don't know the working rights in America
@@MrAnderson3it’s more like 1 million but yes they work illegally all over. I work with two people illegally in the country. Our government doesn’t do anything about it
@MrAnderson3 they are busy dealing drugs and their sisters !!
Miners are finding it harder to find gold to mine CNBC.
Sound like silver gonna get a boost once all the gold is bought up
Luv Schiff, and luv the Opera House pic over his left shoulder. From Sydney Aust.
TRUTH SPOKEN HERE
Thank you for your service and help PETER
I WISH YOU A LONG HEALTHY LIFE ❤
Thank god I wanted to invest but gold was going high so I’ll take advantage of this dip.
Thanks, Peter. The upstairs looks great, and I'm loving the books. I'm nearly at my goal to get a 1 oz Gold Britannia this month, so I'm happy. I've been buying physical gold ever since I started learning from you back in 2019.
GOLD IS VALUE NOT PRICE
@@user-friendlyhuman 💯
People viewing GOLD AS PRICE
VERY BIG MISTAKE
IF YOU DON'T HOLD YOU DON'T OWN
I am the strong hands Peter. I have been buying miners for over a decade. I was buying many more Silver miners when they bottomed a few months back. Added to EQX and HL on Friday's dip. END THE FED. Gold and Silver are money.
Got silver and gold on saturday morning but had to settle for the just a small assortment of coins I wouldn't have chosen normally. Usually I go for Eagles and Kruggerands or Britannia but only got a handfull of them and prices hadn't gone down by 6 or 7% but much much less (I'd say 3% max but closer to 2.5%).
Eventually got a good bargain on Ebay by a guy that was obviously spooked.
And this morning I called two of my usual dealers and they're having a hard time buying stuff in quantaties that wouldn't have been problematic to get a month ago but are complicated to get nowadays. It's really buy what you can mode, not what you want.
as someone who has been LONG GOLD for the past few years...... I love when we get significant dips!! allows me to buy more! 😀😀😀😀
Thanks for all the good information Peter
Thank you excellent as always.
I remember a time, where you had to make a video on your laptop in your office, because your desktop computer wasn´t functioning. The content was great, but the technical quality had a lot left to be desired. Did you also record "Wall Street Unspun" in your office?
Another great one!!
Peter nailed it again! When world markets finally understand Peter's message, you will see the violent and sudden collapse of Bitcoin to ZERO! ZERO! ZERO! BUY GOLD!!!!!
One is money and the other a pure speculation play that will hopefully = moe money. 🎉🎉
I keep telling friends that are invested heavily into cryptos to get out now while the getting is good for them, and convert to gold, and even silver, but they scoff at the idea because they truly believe crypto is going to be the future.
When people need a defense against inflation, financial regulation, or transportation costs, then bitcoin has seemed to work for a decade.
I can only laugh at this post and its comments.
15 years has gone by and STILL haven`t learned anything.
I am a huge fan of bitcoin and yet i don’t own any, after some 8 years wanting to buy it… i watched countless UA-cam videos teaching me how to self custody and steel wallets and all of that but the thing is… the adoption curve of bitcoin is HUGE. So big that it won’t have massive adoption anytime soon; and that is a very big problem for BTC. It adoption was easy, it should be everywhere by now, … unfortunately BTC is at this point, a flop. And that breaks my heart but unfortunately the “visionaries” of BTC forgot the practicalities of bringing people onboard. Not even Zuckerberg, a mastermind in large scale adoption, was able to launch his shit coin…
I believe the problems with BTC are unfortunately very deep seated and will determine its failure. 😞
Thanks mr. Schiff. U make complex things easy to ustand for us novices.
It's so easy to initiate naked gold futures until you wake up and realize China has bought it and is expecting delivery 😂
Dude all future settlement is physical, if you are holding on expiry you have to deliver. Naked short selling to expiration does not exist, its a fairy tale.
Best most knoweledgeable comment I have seen here.
@@greggergen9104 no.. it isnt, thats not how it works
That is a good point. Thanks for that reply.
Thanks for the information.....👍
Gold and silver consistently get their teeth kicked in, especially if they’ve gone up a little. It’s like they get punished for going up. Totally frustrating, completely crushes new investors and stackers.
Rigged by London banks since 1846.
Dollar cost average.your purchases
@@erikeippellately being told what to by their US papa ..
Welcome to investing in physical precious metals. At least you haven't bought shares in a mining company that fell 70% and nixed their dividend for 6 years.
Thanks for your insights. I always look forward to your commentary.
Of course I recognize that office lol!
Historical pricedata suggests that the goldprice always trends down during the summer, for instance because of goldmines in alaska etc. This effect is on average 5%, which is 100$ down. But right now the selling volumes are actually very high. The gold price can easily go down 10%.
Shorted gold and the euro after the rate cute, my account is printing
Three China Truths: 1) sold a record amount of US debt in May; 2) bought zero Gold in May, after record buying in the first quarter; 3) June 6-mBridge becomes a vehicle for the Saudis to tear up the 50-year Petrodollar agreement. So, China had a MASSIVE swing in May. No one has said where that liquidity went-that pts, 1 and 2. Prior to pt 3, other countries would say to China, “you can’t pay in RMB because what can I buy with RMB?” But now, China can say, “you can buy all of the oil you want from Saudi Arabia with RMB.” Of course, buying from Russia and Iran is also possible. And India and (soon Turkey) who are processing and moving massive amounts of oil will be full BRICS and mBridge players by the Fall of 2025. So, back to the massive Chinese liquidity… what do you think the Chinese are doing with it, and what do you think they are planning? (Maybe one starting point is: they can start paying for a lot of items that they are importing, because countries are going to start accepting….)
They are planning gold backed CBDC....no question
@@fzr1000981I think you’re right. Adam Taggert interviewed the guy from In Gold We Trust and he explained how much gold is in private hands in China. It’s possible that they confiscate like FDR did in the US in order to impose gold backing to their CBDC
Good stuff, Peter. Thanks.
Hi peter, im a new subscriber to you're channel. Can you tell me if im better to invest in the fiscal gold or should i just buy GLD stock?
Physical is always better but if you can’t buy that then buy partial GLD ETF.
Physical and a position in Sandstorm Gold Royalties.
could also be because of options. The options on futures point to 2300 for July and August contracts (max pain). And max pain for silver is 28.75 for the July contract. These markets are hugely manipulated. they can move it where ever they want it to move
We’re here for your insights, Peter, don’t worry too much about upgrading the equipment/studio quality of your podcast. Diminishing returns on that stuff (I think)
Good video Peter. Keep ‘ em coming. Love hearing your facts.
Uff, the thing is that market is not that stupid. The market simply figures that if the reported NFP numbers are super high, the Fed is less likely to cut rates. It is that simple.
Looking at the Gold chart and on a weekly basis it needs to come down and restest 2050usd. Just a minor correction from an all time high price... I wouldn't be surprised if 2150 held as a new lower low price and it takes off from there.
Very excellent breakdown Peter thxu 👍
Thanks so much for this excellent analysis
Hi Peter, they say it’s not a good idea to have a bedroom in the basement. It’s not a good place to sleep because usually not good air quality due to high moisture and possibly radon😊 Loved the podcast! Thank you for always bringing your viewers interesting and relevant information.
Also I watch when the COMEX opens in the morning and paper gold is being used to manipulate the physical gold price. I usually watch the price drop in coordination with the opening of the COMEX. I understand that they do not have enough gold to meet deliveries when many people start to call for delivery of physical gold. They will have to buy gold on the open market in order to meet deliveries. This will cause the gold price to shoot for the moon. So in the words of Peter Schiff you would be better off buying a year too early than a day too late when this occurs.
My guess is that the inflation target will be increased to 2,5% then maybe 3,0% etc.. But will that be bullish for gold? Not necessarily. It will be bullish for both stocks and real estate though, since those assets produce cash flows that are automatically adjusted by inflation.
Peter, what I would say I didnt understand before was the idea that the dollar doesnt increase in value, and relies on a deficit. Thats why its a ponzi scheme, not necessarily the debt for collateral part of it. I think collateralization is very important, i dont like the credit system opposed to like business sales. You should mention that more, they could raise the GDP still
Maybe Chiner revised their gold buying down like we do with jobs.
Lol, my thoughts..not selling my gold.
Monday sell off again, then really strong rally all week
Forget Shiba and Dogecoin. The next Bull runner gonna be AMS27T
You are ridding the speculation, you’re a high risk high reward player and you have a good eye for timing the market; however please know that what you do is akin to casino betting, and no real value is being created; you’re just extracting money out of the stupidity of late buyers… It’s a Ponzi scheme. And you know it. But your conscience doesn’t hurt . You’re fine with scamming. It’s a personality issue but who am I to judge your personality?
bots
Fartcoin is going to the moon. Buy while you can.
Thanks!
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .
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.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
Peter you are an excellent speaker. 👍
Peter Schiff is the best
I have never heard a single explanation that makes sense for 2% inflation. What value is there in debasing the currency by 2% or any amount per annum. Please explain to me why inflation at any level is beneficial for the citizenry.
Love from CT!!
I wish gold would go back down to 1950 for a while again. I was buying regularly.
Thank u Mr. Peter for bless 🙏
Peter, your material is almost always spot on, and acting on your recommendation to get gold and keep it has made me a bunch of money. I also catch almost all your videos. However, on this one, it seemed to me that there was an unusually large amount of hemming and hawing. You should probably pay more attention to your articulation because it seems to be getting worse.
Doug, try and do less hemming and hawing in you comments. Your ex wife told me to tell you that.
@@jimscherer8072 Wow, you are really clever. I mean it. You should do standup.
It's all gunna crash like a mofo
Why do you gold bugs expect low prices in markets when you are constantly complaining about too much money printing?
It’s going to happen just like you said when it crashes everything‘s going to crash that’s the time to buy gold and possibly blue chip stock at one time Ford was $.50 a share and so is Citibank in 2009 Citibank went up to $100 and Ford went up to 25 of course General Motors went bankrupt. The government made it go bankrupt right Democrats so they could give $35 billion to the unions Democrats and then of course the UAW funded the Democrats nothing like a little corruption and collusion hi myself would not buy Ford or Chevy or Dodge. I would invest it gold mining stocks, food, stocks, and chip oil companies predict silver at $18 announce gold at 1300 right before they takeoff. Then gold will be 5000 and silver will be 60.
From $25K to $180K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
I agree just reached my goal of $200k monthly trade earnings. Setting realistic goals is an essential part of trading.
Please how??
Some times last week I tried trading all alone, but ended up loosing $3K
Sonia dickson! expertise is truly commendable. she has this knack for making complex crypto concepts easy to understand.
She's recognized as 'Mrs Sonia dickson, one of the finest portfolio managers in the field and widely recognized; you should take a look at her work. Sylvia Nicolaas' has this great force like the ocean.
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to mrs Sonia dickson
Love Peter ⚒️
And up again Monday following this video
I read somewhere that every time oil is purchased from Saudi Arabia in USD it has to be matched with 1/10 ? oz of gold. ie the real cost is $80 per barrell plus 1/10 oz (or some fraction of an oz) of AU. If this is true that the purchaser has to supply a fraction of an oz of gold in addition to the usd cash then if the agreement changed on June 9 per OPEC, then the new agreement may require less gold to be added to the cash sum for purchase of oil from S. Arabia. This could apply only to S. Arabia but a change would require less gold to be needed by certain oil purchasers, and thus affect the USD price of gold. This is just something I read years ago, but I wonder if there is any truth to it.
Interesting. The last muzzie who tried to sell oil for gold got a bayonet stuck up his ass.
Still piling into silver
Peter, I think what will make the gold mining stocks (and gold) take off is when the US has to telll some country they will have to wait years before their gold can be sent back to them. Last week, India repatriated 100 tonnes from the UK. The last mega breakout began in 1970, not 1971.
Man, in a dream world Peter would be in the U.S. Senate.
I like it Pete. it looks classy.
The most insane thing is all these technical analysts on gold switching their narrative.
Before the dump : 2300 is the big support for gold, tons of buyers there, waiting for 2300 gold to buy
After the dump : This is a bear market, short gold
Can't take these folks seriously. Buy the dip.
Peter......common sense, and understands the economy, if he would just acknowledge Bitcoin. I have a buy order in for AEM, Monday morning.
Bunch of big corp sponsors I see... Congrats Pete
Yes they did.. but do we still have the power ? .. lmk
Could you please lower the price so we can buy some more? No, but I am sure that plenty will... I'll hold while you build demand for my short stack Moby.