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34:25 favourite gold stocks incl: - detour gold long life mine new management.. - torex cash flowing single asset discount, new tech dropping cashcosts 30% - mag v high grade coming on stream late 2020 - novagold safe jurisdiction perpetual call on gold price

My wife and I have $$ with Tocqueville and were pretty excited about the news. I think John is going to have fun. Maybe it's a hand-off. John is a Class A Individual. Congrats John!

Man the memories and time horizon of so many money managers and traders is honestly idiotically short. That's one of the things I like about gold investors, they usually don't mind waiting to be right. A lot of these other traders literally look a year into the future max and are mainly concerned about what's happening that day. What a frantic way to invest.

Agreed. Fantastic interview. Thanks and well done.

I correlate money to communications technology. Gold = Mail Gold ETFs = Dial Up Fiat = T1 (1.5Mbps) Checks = 10Mbps Credit/Debit = FastEthernet (100Mbps) PayPal = Gigabit (1000Mbps) CashApp/Venmo = 10 to 100 Gbps Crypto Currency = Terabit Space money = 🤯 Current money is slow. It has to be faster to enable further exploration of space and of course deal with the expanding population on Earth. Crypto current

thank you for bringing on John Hathaway

Gold has the monopoly on real money. Bitcoin will be in a never ending fight for recognition between the other million other cryptos. Likely there will be no winner but if there is its not named bitcoin in that battle.

Man what a gift thank you guys!

Great interviewer and guest. If only we had more of this on tv

Amazing interview !!

Are you mounting John Hathaway in that thumbnail? Your graphics guy is high level trolling

Great interview

crystaline wisdom!

Glad to see he’s changed his stance on bitcoin. Slowly but surely people will figure it out. I 100% agree with his sentiment on gold vs. btc - it’s unproductive and a waste of time to bash the other depending on your camp. Why not own both? Many of us believe both are significantly undervalued at this juncture.

@PinballBob1

4 жыл бұрын

@Snap- BTC & gold are in reality very different things. BTC is a speculation, nothing more or less. Gold is a store of value, nothing more or less. There may be room in your portfolio for one or both. An investor's toleration for risk plays a part. In the future, BTC or gold may go up, or down, and you cannot know now, what the result will be. BTC could be valueless in the future, but gold has never been in 5000 yrs. Comparing them is comparing apples to peanuts.

Why is this not on the app that I pay and subscribe to

That is a fantastic view on bitcoin

Terrific

What are the best gold equities to own?

@TheFinnmacool

4 жыл бұрын

MUX

@sanpedrosilver

4 жыл бұрын

Large cap, Mid cap or jr’s?

@yuant1533

4 жыл бұрын

All 👍

@TheFinnmacool

4 жыл бұрын

@@sanpedrosilver Well that comes to timing. In a bear market PM fans (who will NEVER sell) will move to bullion and switch to the miners in a bull. In a bull the first place where money goes is into the major producers. Then the mid-tiers and then the juniors. So if you're comfortable with that you can arbitrage it.

@sanpedrosilver

4 жыл бұрын

TheFinnmacool Your information here is true. Major’s, Mid’s, then jr’s.

They discussed why hasn't gold broken out sooner. Your kidding me right? I respect Hathaway but he knows exactly why and it is the Comex and LBMA markets that are digital fractional reserve digital markets that are traded regularly 100's of times for each allocated physical ounce and that fraudulent market sets price. Now the market generalists may tell you that's commodity futures markets but the other commodities are stretched out to 10 or 20 times not hundreds and the market making bullion banks that issue the contracts are not continually short other commodities like they are gold and if you watch the Comex for example they simply outlast the other traders but that is beginning to change as more central bank purchasing the past few years is taking place as these digital market alchemists must look over their shoulder now and let go of their tight grip as demand is building in the physical market.

@elro5899

4 жыл бұрын

i think not. for silver its easy to see: most of the silver production is used for industry,that means wasted,some recycled then wasted. if it was only gold that is mainly stored and can use the paper recites as money - print more(or use digitally) than in the vault then you could be right.

Glad he likes Torex and MAG - I'm long. Sold out of Detour before KLs takeover bid. Oh well....

43:40 bitcoin discussion Plus strange ideas like "money is always changing" (5000 years of gold / silver?!) and "who uses cash?" (er.. most of the 95%?!)

@Tenebrousable

4 жыл бұрын

Money is always changing. Gold is 5000 years, for very very rare person. Gold didn't change, but what people used as money changed all the time. Copper, silver, gold, paper, like that. Most most people never touched gold.

The gold supply has almost nothing to do with new mine production. Almost _ALL_ the gold that has been mined in the past ( all of history ) is still around as jewelry/coins/bars. New mine production adds around 3% to the supply. A new million-ounce producer adds less than 1/3rd of 1%. Nova Gold - at full production will mean nothing.

Less than two minutes in and we've already heard "the gold space" and "the smaller cap space". Gonna be a long 47 minutes, I think.

If you buy or sell BTC it's a taxable event. No thanks.

@shadowbanned4days

4 жыл бұрын

Yep

@TheFinnmacool

4 жыл бұрын

@@wsdamico I stand corrected, what was I thinking? Of course you never get taxed why you buy ;P And you're correct as long as the price goes up. But all that is superficial analysis especially if you were a buyer in December 2017. Ouch!

@TheFinnmacool

4 жыл бұрын

@@wsdamico Very true. Has enough time passed to consider stock:flow with BTC? I've never looked into it really because the exchanges are providing so much liquidity and even spoofing orders. Tether doesn't help. Do you have an article you like I could read? Appreciated :)

The Fed cannot be a "Responsible Central Bank" as there is no way that the US can afford normal interest rates on their vast debt, so they have to hang on for the ride of monetary debasement.

I understand he does not believe in the US dollars security. What makes him think the printing press will not save the US from economic collapse? The US owns close to 70% of their own debt, why would they just not write it off? They would take the hit on the 30% outstanding if they do not continue paying down those outstanding debts of course, but I do not see why a country would "default" on itself.

The current strength of US dollar relative to other currencies does not mean gold is worth any less. Fiat regardless of whose nation issues always has its time limit before it goes to nil since the printing machine was invented, same with digital, since a computer was invented, there can be as many new little Zuckerbergs now creating a thousand crypto currencies each day in their parents' basement, none has any value unless backed by a solid asset that is as widely accepted such as precious metals. While our dollar is the best currency compared to the rest(of the world who has a more worse and insatiable printing appetite), GOLD AND SILVER is the only true money, don't let anyone tell you otherwise.

Gents you really should talk of budgets in term of % not nominal dollars ... budget deficit is 4.5% of GDP that is what counts. You sound like CNBC ?

Isn't QE the same as MMT for the most part?

@Chris_Richard

4 жыл бұрын

Mark Buscemi QE is printing money to buy securities or treasuries, MMT is used in government funding. Both are forms of money printing.

@daverkb

4 жыл бұрын

Stripped bare to the bones, both QE and MMT appear to assume that 'money' can be printed to infinity without adverse consequences (moral, market place, governance, etc.). Neither the CBs nor MMT crowd would admit to this. But this is exactly how things appear to be shaping up. That is, more and more money has to be printed over time to keep the Everything Bubble liquid. Both CBs and the MMT advocate fraudulent policies and theoriesw which are artificial constructions disconnected from the real world (meaning the natural world). As to CBs and MMT, think these words ... fraud, theft, immorality.

@jelmcd1

4 жыл бұрын

The answer is YES... At least in my humble opinion and I am unanimous.

I find it ironic when he worries about budget deficits under a liberal president when Trump has literally doubled the deficit since Obamas last term. It has gone from under 600 million to almost 1.2 trillion....what a joke...so much for trickle down economics

@bozolito108

4 жыл бұрын

Greg Mccoy exactly. Get used to it. They are gonna hammer Dems on “spending” when they blow budgets out of the water. They’re all hypocrites

@Alfie-ni7lx

4 жыл бұрын

Trickle down economics isn't an economic school of thought. No serious economist have ever tried to define it. It's usually used by left wingers as a strawman

@bozolito108

4 жыл бұрын

Alfie Coulson that’s true yet republicans have been riding it as economic policy talking point since Reagan. Both sides spend too much it’s just a question of on what? Poor people or rich people? In the end we are going bankrupt.

@Alfie-ni7lx

4 жыл бұрын

@@bozolito108 Im a libertarian so I completely agree.

for small investors it may be better to just buy GDX

@mooredann69

4 жыл бұрын

I like SGDM personally.

@mooredann69

4 жыл бұрын

I like SGDM personally.

@sanpedrosilver

4 жыл бұрын

Or GDXJ

The thumbnail on this video makes it looks like Dan is pulling a Joe Biden move on poor John.

Definitely not a political analyst.

Is he somehow related to Anne Hathaway?

Really enjoyed interview but must disagree with comment about cash that no one uses cash and people only use credit card...this is false for majority of people. Tens or hundreds of millions of poorer people generally only use cash because for various reasons they cant use banking system or dont have credit.

@ytyt3922

4 жыл бұрын

Christopher White I’m not poor but I prefer using cash for really any purchase under $50. I’m alarmed by the creeping bans in Europe. It’s a way for government to track literally every move we take and eventually prevent us from withdrawing our cash from struggling banks.

FNV

@sanpedrosilver

4 жыл бұрын

liltrollbox If you got in a few years ago. To rich for my blood today.. Great company though 👌🏼

Memories are short because gold is about half what it was in 1980. Gold makes a great trade but it’s essentially an expensive doorstop...outside of jewelry/industrial value, it’s worth what someone is willing to pay for it. Millennials and Gen Z will determine gold’s future or its demise.

@neil03051957

4 жыл бұрын

Hmm doubtful, as the global trend is governments are stocking up their reserves and the private individual % purchases are tiny by comparison. The real deal is platinum ....that's the one to whatch as gold will go predictably high, will P keep pace?

@PinballBob1

4 жыл бұрын

@William- EVERYTHING is worth what someone will pay for it. A glass of water you get for free in a restaurant, you will pay $1000 USD, if you are dying of thirst in the Sahara. Beanie Babies were once worth a lot. And tulips.

Promoting Nova Gold??? Please get real!!!

@Avicena-tf5uj

3 жыл бұрын

Pleas explain

Unless somebody comes up with a competitive candidate, the Donald has it in the bag for the next election.

@ytyt3922

4 жыл бұрын

BeenInACaveWayToLong as long as the Dems keep preaching open borders and taxpayer funded perks for illegal migrants, you’re right that Trump will win

If you invested in Gold and Gold Miners in 1980 you are down in real terms. If you invested in 2011 you are still down in nominal and real terms

@chonpincher

4 жыл бұрын

If you cherry-pick your starting date, you can demonstrate whatever you like. For comparison, try 1971 and 2001.

@PinballBob1

4 жыл бұрын

@Bob- Gold and gold mines are very DIFFERENT things. Gold is a store of value, a mine must produce at a profitable price to be worth something. Every ounce of gold ever mined since time immemoriable is worth $1500/ oz. right now. A mine is a business, and it will fail at some point.

Buy Bitcoin mofos!

i hope all mining will be closed

@GisGeochem

4 жыл бұрын

yeah and what will you do for metals --twit

None, buy real gold.

I respect Hathaway...but he is dead wrong on Trump's base. We are more fanatic than ever. Trump #2020

@rl1585

4 жыл бұрын

perhaps his "base" is still strong but there certainly seems to be interest to shift in the swing voters/independents/libertarians but I think he said it true that if the Dem nominee is to extreme it'll just solidify his support.