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.

@MarkGrimm8

19 күн бұрын

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?

@ScottArmstrong12

19 күн бұрын

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

@KevinClarke9

19 күн бұрын

True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to over half a million dollars.

@ritalorrigan

19 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@KevinClarke9

19 күн бұрын

My CFA ’’Carol Vivian Constable’’ , 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.

Is gold really worth it to buy ? In terms of the short term considering taxes and overall cost of upfront purchase then trying to resell when I actually need the liquidity, is physical or gold stocks more worth the cost ? Because it seems to be when people speak of gold their not being specific to the short term or Long term approach to justifying the purchase. Let me know your thoughts , thanks anyone.

@lowcostfresh2266

Ай бұрын

Only worth it for your long long term investment, short term a guaranteed loss. It's all manipulated and so is Mike bias on gold because that's his business. Always keep that in perspective.

@KarlyNoorda

Ай бұрын

I concur with your assessment. It appears to be a viable strategy to hedge against inflation over the long-term. Thank you for sharing your insights.

@hasede-lg9hj

Ай бұрын

Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.

@hasede-lg9hj

Ай бұрын

It would be a very innovative suggestion to look out for Financial Advisors like Amber Angelyn O'malley who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.

@hasede-lg9hj

Ай бұрын

The advisor that guides me is Sharon Ann Meny, most likely the internet is where to find her basic info, just search her name. She's established.

My expectation is for 2024 that markets starts to broaden out more,” what if the interest rates go up? i have a ton of questions....can I safely invest $220k? What should I do differently?

@donna_martins

Ай бұрын

Small-Caps are poised to perform better in the coming year despite Fed actions with rates to make investors worried. you should look into which the Best Small-Caps Stocks to position into.

@robert-1miller

Ай бұрын

The issue is most people have the “I want to do it myself mentality” but not equipped enough for a loss, so they get burnt, no offense intended. Generally speaking, investment advisors are ideal reps for investing, and at first-hand encounter since the covid-19 outbreak, my portfolio has yielded over 300%, summing up nearly 7-figure as of today.

@Trevor_Morrow_LTD

Ай бұрын

wonderful ! thats what I want for myself, mind disclosing info of your advisor here? in dire need of guidance

@robert-1miller

Ай бұрын

’vivian jean wilhelm’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

@Trevor_Morrow_LTD

Ай бұрын

Cheers buddy. Smart and great looking lady. Hopefully will my time. I left messages, was told to expect feedback. Thank you.

China is buying Gold like mad, central banks are buying gold like mad, india is buying silver like mad, those are facts.

@patrickjanecke5894

Ай бұрын

China has been buying Russian gold for trade - especially now that they will only export crude instead of refined product.

@bubblybull2463

Ай бұрын

based on what resource ? China and Russia don’t disclose these infos, do they ?

@bruce5895

Ай бұрын

@@bubblybull2463 its common knowledge and what is bought in China stays in China, India is another one, in the first two months of 2024 they bought 2932 tons of silver according to their Ministry of Commerce and Industry. You if you want more import information I think that I will let you do your own homework on that subject.

@callspreadzero854

Ай бұрын

China has been the largest producer, buyer, and importer of gold for over a decade. Their citizens can’t sell gold outside of China. It’s a one way chain and it’s only in, no outward flow. Knowing this, it makes their officially stated government gold holdings laughable. On paper, they hold significantly less gold tonnage than the U.S. but knowing they’ve been the largest buyer and importer for years now, we know it’s all a lie.

@scottackley9948

6 күн бұрын

Not anymore 😢.

"Gold is money, everything else is Credit" - JPMorgan

@bruce5895

Ай бұрын

Gold and Silver are money, everything else is just credit on borrowed time.

@josho6038

Ай бұрын

Too bad gold and silver aren't the world reserve currency...physical currency in circulation hasn't grown at all...but bad debt has....Bank runs are coming

@Jason-VoluntaryDe-Occultist

Ай бұрын

The word "money" means ONE EYE. Meaning that our left and right brain hemispheres come together as one eye so that we may notice the true value within everything and everyone. Everything of value is money. Money is not limited to Federal Reserve notes, gold, silver, etc.

@ace9840

Ай бұрын

@@josho6038But in recent years some countries are buying it up by the tons. They see the abuse of currency printing.. again like in the 60's. It’s why we went off the gold standard.. countries were demanding their gold back.

@josho6038

Ай бұрын

@ace9840 and those countries will be toasted when JPM drives the contract price of gold down....meanwhile, those countries should have just asked for $100 US currency notes. Wall Street is manipulating every market with digital fugazi dollars...not physical currency

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

@SandraDave.

Ай бұрын

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

@hersdera

Ай бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@Hectorkante

Ай бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@hersdera

Ай бұрын

My CFA ’Melissa Terri Swayne’ , 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.

@CraigLloyd-fz6ns

Ай бұрын

Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Melissa.

Rising gold prices is a vote of no confidence in the USD.

Buy ETH then convert to AMSGKP. When bull market comes convert to AMSGKP. Sell half at $3 and keep the remainder on chain.

@pressplay7922

Ай бұрын

scam

With gold already trading at all-time highs, and worries about an escalation in Middle East hostilities are weighing on the market, as it waits for Big Tech companies to fire up earnings I want to invest more than $300k, but not sure on how to mitigate risk

@A_francis

Ай бұрын

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

@BenTodd-fl8nv

Ай бұрын

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.

@HarrisRyan-oy8eo

Ай бұрын

Mind if I ask you to recommend this particular coach you using their service ?

@BenTodd-fl8nv

Ай бұрын

“Sharon Lynne Hart” is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@Debbie.Burton

Ай бұрын

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.

The S&P 500 moved 8.9% higher in November, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...

@alexyoung3126

Ай бұрын

I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

@williamyejun8508

Ай бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@johnlennon232

Ай бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@williamyejun8508

Ай бұрын

“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.

@MrChenjinyuan

Ай бұрын

​@@williamyejun8508very generalized advice. Rather educate your self and become your own expert. Anything else is a cop out

We are closing in on a black swan event that will cause mayhem....

@JohnReynolds-ni5lv

Ай бұрын

Iran

@kengaroo5170

Ай бұрын

Sadly, yes.

@tareqeh

Ай бұрын

​@@JohnReynolds-ni5lv no! Cyber pandemic

@martinlord5969

Ай бұрын

... a black Swan event that was totally unforeseen by anybody

@Mr0rris0

Ай бұрын

​@@martinlord5969untill now. Elvis is returning. Though I say we start the petition early to bloodiest and xray him so we can make sure he ain't a robot or the new chat gpt

The inflation is very high. Gold should be already at $8000

BE YOUR OWN BANK. BUY GOLD AND SILVER

@a.r.gentum6517

Ай бұрын

Exactly.

@thorasguardselectrician2013

Ай бұрын

Don't forget it's also useless in place like Argentina right now... paper weight there, basically

@bobsaggett9678

Ай бұрын

@@thorasguardselectrician2013 lmao because the dollar still exists. Where will people flee when the dollar starts hyperinflating

@sirmagnus99

Ай бұрын

Be your own bank: whole life insurance Hedge in case the world doesn't end 😊

@teru797

Ай бұрын

@@thorasguardselectrician2013 what do you mean?

Don't worry. The gold price will decline. It ALWAYS does, right after I buy some.🤦‍♀️

@berrykurniawanma4758

Ай бұрын

🤣🤣🤣

@dmonty4354

Ай бұрын

Not this time. FACTS: Petrodollar is dead. Debt/GDP = 💩 Nobody wants Treasury notes. BRICS will further erode USD especially because the US has weaponized the western financial rails. **not even wars will save this economy, but can certainly plunge the world into nuclear war ** There is only one who can Save. He is the most hated name in history and is real even if you don’t believe.

@andyglatiotis619

Ай бұрын

Please don't buy any!

Few months ago George made a whole video predicting price of gold to remain flat or even go down. 😁

@resonance83

Ай бұрын

Right!😂

@eh7599

Ай бұрын

And?

@jimmyz5831

Ай бұрын

Give it some time. Back under $2000

@Austin1990

24 күн бұрын

Yeah, this is a waste of time. He dispels various mechanisms that explain it, which is fine. But, he falls back to a chart analysis that pays no attention to any mechanism.

Gold also made a giant cup and handle over the last 12 years. This breakout above the handle is the most bullish you can get.

The printing presses are high speed wobbling, it should get really interesting folks.🤣👊

@bruce5895

Ай бұрын

as the gov. prints more money the value of the currency goes down inflation and metals go up

@dmonty4354

Ай бұрын

People still think that vote matters 😂. Two sides of the same coin. They cannot ever stop printing fiat currencies, but must increase the rate. That is a CERTAINTY!! Debt is just one tool to enslave people in the Luciferian world systems.

@concernedcitizen780

Ай бұрын

Central banks are buying gold. There will be a gold backed currency soon. The government is spending $$$ like no tomorrow. It is no surprise the price of gold is going up.

People finally noticed central banks are buying.

Two main factors pushing gold which are the same for any commodity - with the specifics for gold: Supply - We may have hit 'peak gold'. Demand - Uncertainty in the world order (caused by weak leadership) makes people look for alternative ways to store wealth.

Credit risk, government overspending,, federal government expansion

@bruce5895

Ай бұрын

too much credit will be the downfall of the currency as it continues to go to zero value

Silver is selling for roughly 10 percent more over in Shanghai. Precious metals are being siphoned from the west to the east.

@bruce5895

Ай бұрын

yes I predict that North America will be out of Silver before 2030, then watch what prices do

@patrickjanecke5894

Ай бұрын

It couldn't possibly involve getting past the CCP's money transfer restrictions for the purpose of emigration...

@concernedcitizen780

Ай бұрын

Gold and silver are very useful if we have a currency crash. Otherwise……😊

Nowhere in this video is anything mentioned about the fact that Zimbabwe just went to a gold-backed currency.

@markrogers7802

Ай бұрын

Would you trust Zimbabwe - probably steel painted gold

@smobach

Ай бұрын

Gold 'backed´ CBDC that is. Which isn't convertible into real gold.

@sirmagnus99

Ай бұрын

Sound like someone just bought a ticket to the top of the list of countries that need some hard democracy saving. 😂 we are coming to save you from yourself!!!

@bruce5895

Ай бұрын

yes they have the Zig and 2.5 tons of gold to back it up

@dmitryk2058

Ай бұрын

@@bruce5895as long as its not convertable its nothing more than a typical digitized fiat.

Could BRICS countries be driving up the gold price?

@kasRose311

Ай бұрын

How could it not?

@a.r.gentum6517

Ай бұрын

DING DING DING!!!! We have a winner. The USD aka used toilet paper is losing its value more and more until I/the world finally flushes it.

@bbustin1747

Ай бұрын

Would express my opinion but google- KZread blocks any opinion that’s not fitting their narrative

@a.r.gentum6517

Ай бұрын

@@bbustin1747 You're right; I cannot look at the replies from ginamarie. Scary. Just buy/hodl gold and/or the CRB.. no worries.

@a.r.gentum6517

Ай бұрын

@@bbustin1747 ok; maybe if u delete your comment mine will reappear?

If the gold price increases, either 'they' lost control, or 'they' allowed the price increase on the LBMA.

@MayhemJames

Ай бұрын

THANK YOU! Until the manipulation of the pm prices is addressed, videos like this are a complete waste of time. Nowhere near enough analysts discuss the manipulation. And nowhere near enough of the ones who do will mention the mechanism by which it happens. As long as paper certificates are traded like real metal, the prices are complete fantasies. They can be set at will. So the only reason the prices are suddenly rising now is someone doesn't care anymore.

Google - KZread censors are in full force - blocking any dissertation…. opinions are not entitled to DEI.

@Qrayon

Ай бұрын

Oh. So I'm not the only one getting censored around here! What a surprise.

@johnb9587

Ай бұрын

Didn’t Earn It?

@USGrant21st

Ай бұрын

And we all welcome our AI overlords.

@Qrayon

Ай бұрын

Welcome to the club. In fact, my original response to your comment was just censored!

@dont.ripfuller6587

Ай бұрын

It's gotten bad

Central banks getting rid of US dollars for gold wouldn't have anything to do with it would it.

Paper Fiat will never let Gold and silver find fair value

@nrm3247

Ай бұрын

You are correct sir

@kengaroo5170

Ай бұрын

Asia is buying at the discount. It will go up until Asia finds a top.

@a.r.gentum6517

Ай бұрын

Really? Ask the Romans.

@eddie8pints804

Ай бұрын

They can only put their finger in the dyke for so long, the pressure keeps building.

@silverslave333

Ай бұрын

no. EVERY fiat has failed. So at that point it will find its true value.

Thanks George from Australia. Love your videos.

Love your channel. Thanks for keeping me informed

what about the gold price manipulation done by US gov/JP.Morgan?

@rebellucy6200

Ай бұрын

I would assume Russia and China are putting some away. Perhaps that is pressuring the bullion banks?

@minime8048

Ай бұрын

Yeah hes not going to talk about that 😋

@Laketexomaliving

Ай бұрын

So share with us.. are they holding it down? Inflating it?? I'm watching other countries, because gold is priced is dollars... I see it getting repegged...

@bruce5895

Ай бұрын

When gold and silver reach all time highs you will see that dying off as more countries like China get into that then take delivery on the physical out of the comex

@MayhemJames

Ай бұрын

BINGO! Until the manipulation of the pm prices is addressed, videos like this are a complete waste of time. Nowhere near enough analysts discuss the manipulation. And nowhere near enough of the ones who do will mention the mechanism by which it happens. As long as paper certificates are traded like real metal, the prices are complete fantasies. They can be set at will. So the only reason the prices are suddenly rising now is someone doesn't care anymore.

Gold is on a run, not going parabolic. Let's not destroy word, please.

George you get smoother each year...outstanding breakdown

German Trading Company "Flossbach von Storch" had a great graphic showing how much Gold BRICS Countries are buying relative to where the price would be otherwise.

Thank You George.

The BRICS+ countries are very diligently building up their gold reserves in preparation for the release of their new reserve currency that will be back by a basket of valuable goods and resources including gold. This is very different from a normal cycle, as this signals the beginning of the end of the US dollar's long monopoly as the world's reserve currency of choice. Buy gold and silver now before they go even higher.

George, here’s another Attaboy for your list You are a very likable man. I love the way you laugh. And this is saying a lot for me since I don’t like very many men The way you highlight your whiteboards is excellent You simplify things and make them retainable and for that I thank you

Thank you George

Excellent commentary George, very well done.

excellent video. thnku George.

It's a good explanation here and once all dots are connected it makes so much sense. Thanks, George for another good one 👍

George always great to hear 👏👍

great work George!

Love it when George uploads a new video!!

The only KZread economist properly using the word “ Disinflation” thus proving he is not parroting some script. In regards to gold my personal opinion is that physical pm is just a hedge against poor governmental decisions. If you believe the government is incapable of fiscal responsibility then gold and silver are the answer. If you believe the government is your saviour then dollars and stocks are the answer.

Great video.. thank you

Nobody has this level of analysis. Awesome!

You are The best! 💪🏻

Wow. Absolutely wild. Volatility & supercycles. It's gonna be a ride!

Loving that laugh... And the info. 🙂

Thank You for everything, the way of AKDMTTP is just incredible, these guys are great

Me thinketh thanks George for your in depth., CSI........analysis!@!?😁👍

thanks!

Very good !

100% agree this is a part of the reason. Gold also rises as a safehaven asset (insurance) just prior to economic downturns. Same as US Treasuries and the Dollar.

George, you sir have an eye to see what other's cant. I've asked this question about what was gold tracking a few years ago and could not find the correlation until TODAY. Fascinating observation and by far reasonable explanation. Looking forward to the next White Board

I forgot George knows just about everything about everything.

@here-i-am2316

Ай бұрын

And Josh

@martinellis7156

Ай бұрын

..and what do you know?

@ReeseL4D

Ай бұрын

A "super cycle" explains nothing. Very disappointed in this video.

@simongilmore772

Ай бұрын

​@@ReeseL4Dyeah normally love George's vids but this isn't one of his best

George, on your trek in Argentina, did you try to use Goldbacks in transactions? Keep the great videos. I learn a lot from them.

Thanks for the update, what are your thoughts on AKDMTTP?

Great video. I am ballsdeep for AKDMTTP and love your review for that as well

If we’re still around in 2030. Nice charts, just like the weatherman, trying to make predictions.

@EdmxndDantes

Ай бұрын

You don't need a weatherman to know which way the wind blows. ☺

Interest rates are high but the government is still printing like drunken sailors. It's like pressing on the gas and the brake at the same time in a car, something's going to break.

@BlackPill-pu4vi

Ай бұрын

The Feds are using MMT (modern monetary theory). Instead of borrowing into existence and securing it with current assets and future income, they are spending it into existence. IOW, the money is printed but only for the special interests of TPTB. The expected outcome gives it value. And guess who decides the agenda and how the new money will be valued? Touyube censorswon't go there.

You are a genius man.

Gosh, If I Saw Those Lights, In The Sky, I’d Need To Change My Girdle…👨🏻‍🎨

With AKDMTTP this year is way different and way more powerful as well. These guys did everything right and they can only improve more and more, love it

One word- China

@muddyriverdogz

Ай бұрын

China and other Brics nations loading up on Gold as the Western fiat system implodes. But George cant see that in his charts.

George is the best 👌

See you soon at RCL Thanks George and rebel crew

@theinflationsituation8870

Ай бұрын

👍

There’s so much money sloshing around If it chases anything it will go parabolic, money stampedes ,

My favorite instrument is Gold because it allowed me to pass the The5ers prop challenge.

The board is back! Yes!

I would pay more attention to the inflection points than the saddle points.

Love the video. I am a believer for AKDMTTP and follow it

Your jacket is hypnotizing me

Hi George- QUESTION: In your presentation, are you taking into account that the markets are being manipulated (Fed buying our debt and fake jobs numbers) or is it understood?

According to the transcript, the main reason for the increase in gold prices is attributed to its alignment with a long-term commodity supercycle. The transcript suggests that gold's price surge is part of a broader trend in commodity markets, with the uptrend in gold prices correlating with historical patterns in commodity cycles.

The most overlooked factor is that gold production is mostly high value by-product of copper tied to demand for the latter

Does this chart adjust for the 1980s and any subsequent changes in calc of the CPI?

Would you provide a link to a video of you predicting the current skyrocketing price of gold?

you said this overleverage was coming months ago you were right

Yes!

So what is your price target for gold and silver ?

All these AMSGKP bots are ridiculous.

As expected we went down a little but AKDMTTP keeps everything strong and in place. These guys really know how to be convincing and the preparation all the years was so well done. Nothing will change in 2024 and nothing will come close to this incredible smart one. True believers for AKDMTTP will have a good year

It would be great if you had a deep dive on the AKDMTTP

Swapping my ETH and swapping to AKDMTTP. Already up as expected. I wish I left on all the junk way earlier to step deep into this ride, they rock!

I am buying Silver, I just can't stop.

What a crazy time, we had all this bad stuff going around and now AKDMTTP finally shows what happens when you do something smart with your life. Sounds crazy I know but this is actually the first time I was really, really happy since the whole covid thing started

Interest rates are headed towards 20 % over the rest of this decade

@bruce5895

Ай бұрын

a 20% interest rate would kill the economy and put us all into a major depression, won't happen

Inflation is coming back and nothing is gonna stop it.

Want to know why this year everything will be different and for long time actually better? The answer is all in AKDMTTP and I have never been that excited for a long time, thank you for providing home and food for my kids

To put a long story short: The everything bubble drives up everything - easily seen with prices for stocks rising since October 2023. Thanks, George, your whiteboard videos are awesome!

I dig these whiteboard presentations. George kind of has his own niche here.

Saying that gold is going up is demonstrating a misunderstanding of gold's position. Gold is not an investment, not a hedge, or anything else but a store of value. Gold, in buying power, has roughly the same value as it did 100 years ago: a house that cost 6kg of gold a centurary ago costs 6kg of gold today. I follow three indicators: gold-USD, gold-CHF (Swiss Francs), USD-CHF. I also keep an eye on the EUR but it's a slowly sinking ship for the time being. Since 1MAR24 gold has been going up measured in USD and CHF roughly by the same amount, USD-CHF roughly remaining constant. The obvious, but wrong conclusion would be that gold is going up in value. But history says that doesn't happen. What I suspect is happening since March is that the western economies: USD, EUR, GBP, CHF, AUS, ..., are behaving in unison and are all weakening together. In other words, western nations' economies, i.e. more or less the world's economy, is in a critical state. Why? I think the end of the BTFP on 11MAR24 has much to to say. George covered the BTFP a while back but in short it was a safety net for failing banks following Sovereign, SVB, and Signature's demise. If a significant bank in the US, UK, Europe, ..., collapses now the whole lot goes. The three things that are worth having are gold, real estate, and debt - particularly a mortgage of the house you are living in.

@robinwells8879

Ай бұрын

I agree with all but the morgage bit. They have that covered by legislation. 👍

@KeithWhittingham

Ай бұрын

@@robinwells8879 I'm not sure what you mean. Can you clarify (I'm a bit thick!)

@SouthernFryd

Ай бұрын

Why is debt worth having?

@robinwells8879

Ай бұрын

@@KeithWhittinghamI suspect that you are anything but thick. If things go where I fear and you have a mortgage then you will lose your property and any equity in it.

@lamarravery4094

Ай бұрын

And gold's value is also dependent on its supply. In times of scarcity, gold is priceless. But when new gold is discovered and there's a lot of new gold coming to the market then gold value goes down.

I wonder if you could shed light on copper as well. Thanks.

Those who like me were too afraid to step into let me tell ya something, 2024 is gonna be our year because AKDMTTP is having all the utility and power an asset should have. this is the first major improvement to go into a direction that even casuals will love it and I am more than enlightened to witness this one

Oil NEVER went negative. Futures contracts went negative. Big difference.

Yes, we are in a commodity supercycele. Or vice versa in a currency devaluation supercycle....

Riding the AKDMTTP train feels so good, they really know how to make promises count and bring them to reality

All of them are reasonable picks. But the heart goes to AKDMTTP and this vision is definitely something else.

Just leaving this here.. My heart goes to the entire community for AKDMTTP building up something which is worth it for everyone. This is so smart by them to launch and shatter the doubts and fears of the common folk, which was misplaced by all the drama we had last years. Everyone knows the state of inflation and recession now and the way out is already in progress. Now its just about catching the big fish, ya feelin?