Gold: What is the future?

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With the collapse of the global economy, you would think gold would be on fire. It did have a heck of a run up. However, it is right around the all time highs of 2011 or 212.

In this video, I discuss the future of gold and how Bitcoin can affect it.


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I think gold will hang in there with bitcoin when this Ponzi fed note game ends.
I see plenty of inflation in stocks and real estate. Also, everyday items that we need to live. I almost forgot about healthcare, ins and taxes.

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Gold ensured stability in harsh times and so it did in 2020. Now there are the cryptocurrencies which offer an alternative to GOLD and ensure they keep the supply in place and the value behind it just grows, year after year being higher downs. Maybe these are better than Gold afterwards.

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I agree with most of what you say. However, I don’t believe COMEX is being honest. True price discovery can’t exist with constant market intervention. The legacy free market system ended when Lehman was flushed. As they say you got to keep the music playing.

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Summary: In this video, the speaker discusses the current state of the gold market, its historical performance, and its potential future trajectory. He questions why gold, traditionally seen as a safe haven asset, is not performing as expected despite uncertain economic conditions and inflation concerns. The speaker speculates about the reasons for gold's underperformance and suggests that millennials prefer Bitcoin over gold, indicating a shift in preferences for store of value assets. He also touches upon global economic concerns and the potential impact on the gold market, emphasizing the need for caution in gold investments.

Detailed Article:
The video opens with the speaker delving into the topic of gold and its relationship with Bitcoin. He notes that while the price of gold is currently around $1,870, close to its previous all-time high in 2011, he expresses concern about gold's performance not aligning with its traditional role as a hedge against economic turmoil and inflation.

The speaker dismisses claims of hyperinflation and emphasizes the deflationary trend over the past 40 years, citing economic indicators like interest rates and money velocity. He highlights the significant rise in gold prices that occurred before the COVID pandemic and questions the lackluster performance of gold in the face of global uncertainty and economic damage.

There is a discussion around the potential reasons for gold's recent decline, touching on the demographics of gold investors. The speaker suggests that millennials, who prefer Bitcoin, will drive a shift away from gold as a traditional store of value. He raises concerns about government actions and alludes to historical events like the compensation of gold in the 1930s, hinting at potential interventions in the gold market by desperate governments.

Furthermore, the speaker links the decline in gold prices to the destabilization of the Eurozone, citing negative interest rates as evidence of underlying economic issues. He predicts possible capital controls in the Eurozone and warns of potential banking crises in institutions like Deutsche Bank and the Italian banking system.

In conclusion, the speaker questions the future of gold, especially in comparison to Bitcoin, and reflects on the discrepancy between current global economic conditions and gold's performance. He warns investors to be cautious, particularly if gold prices continue to decline, and mentions the long-standing $5,000 per ounce gold call by Peter Schiff, which has yet to materialize. The speaker encourages viewers to stay informed and vigilant in their investment decisions.

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