Why are gold prices suddenly hitting record highs?
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- čas přidán 15. 06. 2024
- The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
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I laughed at the Professor from Duke University shilling for ETFs and saying that holding physical gold is "risky" and that gold itself is "unreliable." And, by the way, Costco is selling gold to individual people, not to "institutional investors."
I expect this from liberal CBS that's why I don't believe half what they pitch
I laughed to. That guys an idiot. I’ve been stacking for years. They would play it down. Nothing to see here. The economy is fine what’s happening. 🤣🤣🤦🏻♀️ we’re not dumb we know what’s happening
You don’t hold it you don’t own it!!!
Meh
Buying gold at Costco or my bank is a ZERO complication and en par with buying a bag of chips or a watch out of display case. Storing something that is 31.1g is not complex. I'd expect most car keys are heavier and access an asset worth far more than a bar of gold.
He's either a poor econ. Professor, or another Government Hand Puppet.
You don’t own it you don’t hold it. This guy is a paper pusher
🎯 exactly.!!!!!!!
On point 💯.. always having physical metal is the only way you own it.
correct .. he is the prototypical version of "Book smarts no streets smarts.."..
Giving your Physical gold for a piece of paper IS HOW WE GOT THE DOLLAR...LOL..
This is bad news. Precious metals go up when the economy goes down. Brace for impact.
It's not that gold is going up in value...it's because the dollar is losing value. Inflation is actually the expantion of the money supply, yet the FED is not currently printing money. The national debt is cuerrently at $35T dollars, but there is only $21T dollars in circulation on this planet at the moment. So how can the debt be paid back with interest?
I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
@@A-krandy Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
She goes by ‘’lana rae st john” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
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Central banks and billionaires are buying
me too
Yep!
@@bexhill8777 Me to.
Buy Gold & Silver(both going up)
Ditch the Dollars(dying by the day)
@@pessi6185 Dumb idea. that the store you buy food from will only accept the Dollar. Nothing is dying. Maybe your brain?
He said it’s complicated and risky to buy gold haha These people don’t want you to own physical gold because they can’t make money off you. When you hold your Real money you have complete control over your wealth no counter party risk.
That's the truth. And read the comments -- everyone here sees through the professor's sham! By the way, it is no more "complicated" or "risky" to buy gold than to buy a computer or a cell phone. Just go to Costco (in person or online) or look up any of the big online dealers. Join the online silver and gold stacker community and learn all about it.
On point 💯.. better have physical metal than paper.
If you dont hold it you dont own it.
He never mentioned that the Fiat Funny Money is dying and the whole world wants off it
This the comment I was looking for.
This guy issa no show.
2 of the world powers already not using their 💩 usd!
China and Russia.!
They are some of the real buyers of gold.
Hence why the price has been raising immensely. They are now using it for trading.
And when everyone else realizes it’s better, they starta do the same.
Next thing u know. America inna financial crisis. 😂
Mhen, I can’t wait to see what they bouta pull off to save their 🍑s. 😂
Brace y’all selves tho
Gold is saying trouble is ahead
Facts I seen a cash for gold truck driving around im like yea it’s about get ugly
@ev.h.3455You sound like somebody without any real friends.
@ev.h.3455that’s bang out of order mate
Trump is saying the same thing
you better believe it.. it the crypto nonsense.. everyone is preparing for that crypto crash..
Inflation will get lower? Pure lies
Maybe because the dollar is losing value from all the money printing? 😅
Exactly, but I just couldn't wait to hear the lame stream reason.
bingo!!
100%!
not only that the fed held down interest rates at a record low for a record amount of time. Everyone was buying on low interest rates and the more money in the system is what causes inflation.
The money printing merry go round broke down.
Paper currency has a perfect track record- it has failed 100% of the time.
Not this time, they will move it to digital currency and your account can be shut down if you misbehave. It happened here in Canada.
they hold it for you just like Bankman-Fried
What they always fail to mention is: "You hold it, YOU own it". Can you hold an ETF? Can you trade an ETF for food at a supermarket? NO!
Can you imagine holding a stash of gold with you in a crisis? How can you defend yourself in a lawless situation?
@@A_D624 With an AR-15 and a Colt 45...that's how.
Silver next
This dude is so full of it that I bet he's taking his money for guesting today and putting it straight into bullion. Gold is volatile my behind, chart the price from 1972 until today on the screen misleading troll.
when i was born, gold was 35, now it's 2400. it's not a "spectcular investment" like navidia.
If you don’t HOLD IT your DONT OWN IT.
Just reached 500 thousand. Thank you for all the knowledge and nuggets you've thrown my way over the past months. Started with 50k last month 2024
Bitcoin has been rising for a while and could rise again. The truth is that no one knows, I think this is the right time to buy and also get a professional assistant
yo let me hold a dolla haha , nice
Nothing equal having gold on hand, having gold with someone else no, bad idea.
What are the best additions to a $500k portfolio to boost performance?, ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.
I think you're better off with majority investment in bitcoin and uprising equities cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you don’t mind me asking? in dire need of asset allocation.
ashley airagahi is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals.
How come? I was told that gold is an archaic thing of the past and that I should instead give my money to those croo… I mean fund managers instead!
exactly
Institutions buying gold… huh maybe they know something that we do know 🤷♂️
No one should go to Duke university. Gold is the safest asset for 5000 years. It is the only true measure of currency and purchasing power. Also, every spike in gold price is during major crisis around the world.
I gave my friend 1 Troy ounce of silver, because his name is Troy.
that’s wonderful
The best investment in the entire world is land with its own freshwater source.
Yep, I recall Gene Autry once saying: " Buy land, cus' they ain't making no more of it"
except it is taxed
Have you ever tried working the lands and the crops , no maybe 100 years ago but today we are the silly slopper worried how to make a coffee , gold still holds best and some tomato, cucumber in the garden will do it
Billionaires are buying up the fresh water lakes
U can't eat gold do you?? U need potatoes@@mariannybejarano5340
You don't hold it, you dont own it. Buy physical, not ETFS
peter schiff tried to tell you guys.!!!!!!!!!
20 yrs later
Precious metals are the best safety net you can have. Gold is king 🤴👑
Inflation is going back up. Better grab some gold
I don't know anything about this but it is fun watching people talk about riches & gold 😌☺️🤗
ETF paper silver. Over 400 people are claiming they own same once of silver. If you don’t have it you don’t own it.
as well as gas, oil and all utilities, plus food, housing and basically everything all reaching new record highs thanks to the US Government for printing up more and more US dollars which in turn also causes them to be worth less and less / AKA rapid inflation.
Maybe Kiyosaki was right about gold.
If you do not hold it, you do not own it.
Gold is valuable and has been for some 6,000 years. Of course financial managers want you to buy stocks and bonds, so that they can take a bite out of the middle. Gold has never crashed in price over 6,000 years. I can confidently say that gold will be valuable in 100 years from now. Can I say the same for Apple stock in 100 years? Now you see how scary institutional investments really are in the long run. If you are investing $millions in the gold market then it does make sense to buy gold futures in the short term. The average man should save as much physical gold that you feel comfortable in physically keeping.
And yet the Central Banks are buying gold 🤔
The problem with gold is is there's no way to just sell it if you're walking around carrying it without going into a pawnshop or jewelry store
Local coin shop is best. They have the lowest dealer cut.
Think bullion coins…
You can't print gold. And real gold is yours only when it's in your hands. ETFs and paper gold are not real gold.
"If you don't hold it, you don't own it."
Never said anything about the money we give away that’s always gonna make the gold go up…
These funds are a complete racket! Because if there's ever such a crisis to where you need actual gold to purchase things. Since 1971 it's been against the law to use gold or silver as money in the U.S. Thus, it will be illegal to complete the trade of the money that was sent to them for the gold that they claim to be holding.
Your correct. This clown also conveniently forgets to mention that gold runs NO COUNTER PARTY RISK. Can you say that about an ETF? Nope!!
@randyb9337 You can, because at least you receive it instantly, and it's logged on the blockchain. But what's the gold fund the contract is not completed until you actually get the gold. So the chance of defaulting is great. ETF may not resell at all well at least you got it
@@marvelousmarvin4th -- The online gold and silver bullion dealers, including Costco, simply send you the physical gold and silver with a tracking number. Why would they default? -- it's a daily business for them. Would you buy an ETF of clothing or food, or a car, phone, or pet dog? No, you want the physical clothing, food, car, phone, or dog. Pretty simple.
@@marvelousmarvin4th If you need actual gold to purchase things then there is basically chaos on the streets. How can you defend yourself with millions of people attachking your house?
@@A_D624 if we have another Financial collapse or depression any major Interruption that the people will not bail out the banks on. Now about a million people attacking your home I have no idea what you're talking about
Unless you actually own a physical bar of gold in your safe, or home...you don't really own gold...buying an etf is just buying a share/piece of a company that has gold...those are very different things.
That's why this professor, is confusing gold etf and actual gold...actual gold isn't as volatile as the stock market...actual gold's price has and will always be driven by supply & demand.
A hedge against inflation. It has gain, and held value over the past 30 years. Don't forget that
It's because the dollar is dying. Everybody getting rid of their rotten dollars 🎉🎉🎉
I Switched Off,, That "Expert" Is Only An Expert.....
Inflation, massive national debt, out of control spending.
People valued gold because it backed the US dollar. This is an ignorant report.
In times of uncertainty, gold is always certain
BS. Not institutional investors….central banks….check out world gold council gold purchases….another amateur
Teacher! go back to school… 😂
No word on Silver, Diamonds, Crude or stay sharp knives?
Buying at all time highs is a bad idea? Yeah, probably, if you consider historic ATHs retrospectively, which is a stupid thing to do. If I buy gold now at the current ATH of 2390 USD, it might not be an historical ATH someone would ever consider in retrospective. It might make new ATHs over the course of several months and end up at 3000 USD before it drops. In that case nobody would ever look back at 2390 and say „You bought at an ATH“. This guy has nothing intelligent to say about gold, let alone about who buys it and who possibly owns it, when you buy an ETF. This person is ridiculous.
Its so complicated to buy gold first you go to costco.......
That professor must be an advisor to JT 🤡 in 2916, to sell all Canadian gold reserves. Canada is only G7 country without gold reserves.
This professor has no clue about gold 🤪
Paper means nothing when it comes down to physical wealth. All paper can be considered/is FIAT money.
Who controls the price on gold government just like your 401k ,🤔🤔🤔🤔
forget crypto - remember star wars - Republic credits - republic credits are no good out here -- I need something more real -- try physical gold and silver - just look at Costco's gold sale but who's counting. 👀
We're not in a recession? 😂
This professor isn’t a fan of gold but to compare it to NVIDIA? . Name me a stock that has beat NVIDIA gains? Odd comparison.
the only comparison that made him look good. gold by the way is much less risky
Nvidia is going to end up like cisco
@@santostv.Whoever times the short successfuly will become very wealthy.
@@fern5811 Most aren’t rich enough to be playing with shorts,margins ect and only who brought in before the hype is making money the others entering the hype are going to be left hanging the bags unless they don’t exit at the right time.
Gold will end the year around $3200
Looking at the direction of travel, I agree. The Main stream is not talking about this yet …
I set PM at around 3% of my portfolio 4 years ago.. PM has now gone to 6 % !
The PM safety foundation is kicking in big time
No, it won't!
@@LXT43Are you Gordon Brown? 😂
Gold is not going up, the Dollivar is going down 📉
Silver and platinum with a touch of gold
If one has to ask why...then you are really behind the curve.
😂 i side with the preppers on this one
It is easy to buy Physical gold online and store in private vaulting not in the banking system, There is a growing understanding ETF's are not backed by the Physical metal, only worthless paper contracts, it is merely a mechanism used to suppress the real physical spot metal price.
SHELDON COOPER !!????
How can you say that with rates likely to drop, why would hard assets rise? That is so fundamentally stupid. The absolutely worse thing you can do in a high inflation environment is cut rates. Get ready for a colonoscopy.
I'm buying gold I can hold in my hands...
Sorry dude If you do not hold it, you do not own it ! PERIOD
This guy must not see the gold chart for the last 5 years as it has been going up.
The value of gold is not changing. The value of the dollar is dropping. You can't print $8 trillion of fiat money in 3 years and not have repercussions. People are exchanging their monopoly money for Physical gold.
It was lagging, but in an engineered way. It was accumulated ahead of inflation going higher. Watch, now they will allow inflation to go higher.
It's baffling!!! Just like young sports professionals all dying suddenly
just bought 1oz and it was very easy :)
Why is no one using ETFs? Well because all these people generate contracts of gold futures, have not one gram of gold on hand, and trade many times more than real gold production with these fake delivery contracts. No gold is ever delivered. Real gold is gold, and all contract games are computer number games. Which do you want to hold?
If you don’t hold it you don’t own it
Why gold is so expensive think about poor people
Professor Harvey should also mention that the regime of sanctions imposed by the the US government and the confiscation of Russian financial assets is driving people into an alternative asset that has no counter party risk - GOLD.
Other experts know that debt based economies will eventually be forced into lower interest rates despite inflation with QE monetary policies aimed at maintaining the future level of economic activity. These policies will push the price of gold up and lower the relative value of the US dollar. - - More inflation and explosively higher gold prices would result from a looser monetary policy in an economy riddled with a high national debt and large budget deficits.!!
getting real information from CBS is not possible
Why would I want to buy physical gold and give it to someone else in exchange for a pierce paper call an "ETF"..
Oh Wait
That how we got the dollar.. lol.
Gold's price increase indicates a weak dollar and economy .
Because GOLD saves the World.
2400 and is still going up🎉🎉🎉
You don’t hold it you don’t own it.
Does China not have personal vault of gold to cover Yuan?
I cannot purchase Yuan with Canadian money.
Good luck tried turning papers golds in to physical golds that you can hold in your hands.
What will be the real value of gold if bitcoin so liitle and expensive......people like physical holding nobody can control the metal price
The market conditions that are driving the gold rally are an indication that our unsustainable monetary policy has reached a breaking point. This will get worse before it gets better.
Did he just said a "cheap version of a mutual fund". I like to see Jack Vogel the creator of ETFs tell this guy off. ETFs are not mutual funds you find in a traditional 401k portfolio. This guys knows nothing.
THERE IS MORE PAPER GOLD THAN PHYSICAL!
gold correlates to inflation now
Nobody believes in US dollars anymore😅
10% to buy....10% to sell.....keep that in mind folk......its a big scam
Will nickel take off? It's down now..
i always cringe when people advocate to buy gold etfs. LOL
When seen this yesterday I knew to sell my gold stock lol came back at lunchtime and bought back cheaper 🤣 to easy.
Whats behind the rally? Everything is topped out but gold. Inflation is not going down anytime soon. The momentum has been in the NASDAQ for years, its now shifting into the precious metals market.
So give these investors your money and they'll give you a piece of paper and return that says you have gold. For a couple hundred bucks less, give it to me and I'll hand you a piece of paper that says something to
Every 0.0001 ounce should be valued at $1 registered cryptographically
An oz of physical is gold is such a risk 🙄
Just buy an ETF because Hedge Funds only speculate with actual bars.
What nonsense!
Oh and Hedgies DRIVE THE DAMN MARKET, you speculate on what they will do. Or don't do.
Funny how Gold can outperform the SP500 for 25 years but this guy thinks its unreliable.