Silver & Gold - Why Did The Price Collapse? Maloney & Martenson
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- čas přidán 15. 04. 2013
- Visit: GoldSilver.com & HiddenSecretsOfMoney.com/
In a review of the reasons the gold and silver prices collapsed, Mike Maloney spoke with Chris Martenson of Peak Prosperity.
Dr. Martenson is a scientist at his core. His Ph.D. is from Duke University, and his MBA in Finance was earned at Cornell. For Dr. Martenson, reaching conclusions simply results from the data, and when it comes to gold and silver, the data is shocking.
From the 4,500 tons of missing gold Eric Sprott pointed to in U.S. export figures, to the 300-ton German gold repatriation, the questions of who benefitted from the plummeting prices and how are all answered in this blockbuster video.
Learn how unsophisticated investors got "fleeced," and how this price event and media blitz may go down as one of "the cruelest jokes ever played on the people who get scared away from gold and silver at this moment in history, given where we are."
This is the first time in history in which currencies around the globe are failing simultaneously, as more and more currency is printed, and confidence in this mathematically untenable system under which debt is "money" collapses.
As gold and silver's true values are realized, in the market or by revaluation, we will witness the greatest transfer of wealth ever seen in human history. Episode One of Hidden Secrets of Money, our free series, expands on the big picture view-the cycle of behavior across history revealed as it progresses toward the ultimate resolution.
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So low now. I’ve been waiting patiently for 4 years. Just bought 2000 lbs of silver
32,000 ounces nice
Thank you for making this video public, btw. Not being an insider yet, I very much appreciate your willingness to share this with all of us...
"when gold is worthless "
Any comment that starts like that can be immediately dismissed as ignorant.
Yes he did on April 9th he discussed Cyprus, and the 18 month consolidation pattern and the current one is 19 months. He stated in about 3 minutes into it that the price could go lower but he was making a large purchase at that time and was not concerned if it did. He also discussed the physical shortage developing and the large players buying physical like never before, while costs are going up in the physical market. He went over how thought the banks were trying to shake out the small hands.
I'm new to accumulating gold and silver and wow in last 3-4 months opened my eyes. Nice video. Thanks. The smack down though helped me achieve my goal for the year already!
Chris Martenson is a frickin genius...but Mike Maloney is KING! Thank you for everything you have done over the years...both of you.
Chris Martenson is one of the smartest people you will ever find. I had the privilege of meeting him at conference in Chicago and it was awesome.
Ertreri said you do not create two assets when you lease out gold. This I agree with. The "gold" in "gold and gold lease" is distinct from the gold leased out. They are distinct assets.
"Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise." - Alan Greenspan on July 24, 1998. He let us on to the whole game way back then. He says gold is sold as a derivative (paper) over-the-counter (retail) to make sure the price does not rise.
Thank you so much for the great presentation. I have been accumulating silver/gold since I was 13. One question regarding using gold/silver as money. What are we going to do with 7billion people. Today`s above ground gold/silver just not enough to serve that many people`s money needs. If you reduce the money supply it will contract the economy with it. That will create an different kind of crisis with the same results. It would be a wealth transfer alright but the poor still would starve. Thanks
I just consulted the goldmoney website and vault reports. Since I became a precious metal buyer in 2011 the vault report shows that the number of accounts has risen from 21000 to 23000 and except for their London vault there has been an overall increase in ounces in all there vaults in all PM's..
So a stock shooting up 400%, then pulling back to just 200% over it's initial value is a collapse? I don't know about you, but in my eyes if something is still worth more than triple what you paid for it, it hasn't collapsed. But if this is the bottom, then I'm all for it, that means the only place to go from here is up. Gold was at $400, then it hit almost $2000. Now it's pulled back to around $1200. So it's still worth $800 more than it was just 10 years ago, but it's collapsed?
Have a look:) cmeegan15.wix.com/irelandskaratbars
You are correct.
It seems to me that they put those two assets on a single line because they wish to conceal the amount of gold that is actually leased out. It would make people nervous.
But yes. He mis-spoke, they are indeed two assets.
I agree. I didn't suggest that leasing gold created two assets. Malone's statement is still wrong. Any gold inventory is an asset. Any gold leased out is another asset.
Big banks have been manipulating the prices for years.
this was 4 years ago and the price has only gone lower....
Short answer to a simple question; Because, the price of silver and gold is not the price of silver and gold. It is the price of silver and gold stock which is all most as unbacked as the currency you use to buy it with. It should return to its true intristic value of $0. /oz.
Simply brilliant! This could happen again before countries starts wanting to hold it's gold no matter how low the price goes, because of their currency.
Hi Mike,in the video that follows this, where you say (at 28 secs) that gold is priced at $44.22 per oz by the US treasury.Question, at (03 02)Chris talks about leasing,would gold be leased at a price of $44.22 or at the market value of the day.
What I would really like to know is if when Gordon Brown intentionally sold off the U.K. gold reserves for less than used underwear, if he was actually selling leased gold. That is: when the banks that were bailed out by Gordon Brown bough all the dirt cheap gold Gordon dumped, were they actually being given the means to pay back the gold they already owed for example U.K. leasing contracts? In Summary: does the UK still hold the same gold reserves due to balance sheet manipulation?
I have just woken up to the need to invest in silver and gold to protect myself for the future. I didnt know about how the bank system works, other then, put my money in and take it out when needed. Believing its 100% safe. So thank you so much for posting your videos. I still have questions i need to look into, but so glad my eyes have been opened.
Take physical delivery of your metal, it is the safest way to invest.
Silver has been declining all year. The end of January, $32.03. The end of February, $28.95. The end of March, $28.64. The end of April, $24.42. Current price is $22.51.
If the dollar collapsed, I wouldn't want silver and gold, I would want food.
I've been following these pair for a few years now, I think this information is a fair sumation of the situation. Peace
This is the third or fourth time I'm watching this video, and it finally makes sense to me! Thanks Mike and Team
instablaster...
"A drowning man is dangerous to swim near." -Maloney
Well said sir
I agree there may not be much profit in extracting gold from CPUs unless done on an industrial scale. However your question was towards the utility of gold and silver as industrial metals themselves.
Of all commodities on the planet Earth the second most utilized substance is silver, the first being oil.
You're also correct about large amounts sitting in the ground, many mines are closed because it is not cost effective to mine. This is why there is less silver than gold above ground today.
QUESTION: Why are we so focused on the paper price? I thought it didn't matter. Yet so much emphasis is put on it. Thanks
I don't have deep enough pockets for gold, but I bought a bunch of ounces of physical silver yesterday.
So pleased to hear you're not just another of those credulous people who would take snippets of information from here and there, and weave them into a multi-faceted grand conspiracy. Well done!
I can't find any silver below 15 plus. Not even constitutional silver. It doesn't matter how low the price goes, 15 seems to be the actual bottom for physical silver. So buy now!
Classic smash down of the Gold price, paper killing the physical. Mike Maloney has said this is what they have done in the past, and big surprise,they are doing it again! Mike and Chris thank you for your explanation.
While, I can only afford tiny purchases of sound money to insure my currency, yesterday was a great day to do that. German banks are not fools in relation to understanding currency crisis . The fact Germany wants their gold back, is enough to make me look past all the currency poker faces. Thank you for posting your great videos !
If you investing in gold and silver, you have to be an end game investor. Have to be willing and able to absorb the ebbs and flows in prices. It's an end game investment.
I new something big was going to happen based on technical analysis on silver charts. But i didnt know if it was going to rises (60% chance) or fall (40%). I guess fall won
Buy low, sell high. Its so simple, yet it is difficult for the average Joe to do because it requires you to do 2 counter-intuitive things. You have to buy when everyone hates it, and sell it when everyone loves it. Get educated about why gold/silver are real money, and it becomes much easier. Thanks Mike for educating me and many others.
Guys, the other thing to consider is not everyone is buying silver as a prepper. Not everyone believes a complete economic collapse is coming. I'm not saying preppers are wrong, just that there are a lot investors interest in silver simply as an inflation hedge, not necessarily to barter for food in a post-apocalyptic economy. And even as a prepper, I'm sure there comes a point when you've got food/ammo/other supplies covered but you still want to store the rest of your wealth in something real.
I went to a local coin shop to visit a friend the day after the market got hit, they were nearly sold out of silver. There was buying frenzy of the physical that day, my friend who has sold coins now 30 years said he hadn't seen anything like it decades. This consolidation is all paper gold and silver people.
I know that there are values minted onto the coins (also in Europe) but the nominal amount is much lower than the value for silver. That's why it would be foolish to pay with a European silver coin here, e.g. 1oz. would only be 1,50€ for Vienna Philharmonics which is about 2 US-$.
It would cost about $1,400 in gas to run a 3200 watt generator at a moderate load for a month running 24/7. It would consume over 360 gallons of gas per month. Where are you going to get that much gas and if so how would you safely store it? That's about seven 55 gallon drums of gas weighing over 400 lbs each, 1.5 tons of gas or 75 five gallon gas cans, another $1,200 for cheap unsafe gas cans. A single mishap and you're toast before the fire dept. arrives. Not for long term use, emergency only.
The gold lease on the balance sheet is gold leased *out*, not gold borrowed. That is an asset.
I was replying to someone who said "You are running after a Fata Morgana if you think gold has any real intrinsic value". My point is that silver is actually money. I know it would be foolish to spend $30 on a 1 oz .9999 silver Canadian Maple and spend it for it's $5 currency value, but it's still used as money and that was my point. However, imagine buying a lot of those coins when silver was at $5 per oz. Spending $5 per oz for a $5 face value silver coin is amazing
I don't understand the part where you assume the gold bullion been leased several times. How could you assume this? Maybe the bullion bank simply sold it to retail and so theres only 1 claim on it
How does GLD own less gold? Seems to me paper gold with SUPPOSED real gold backing was sold by someone to someone else. How does that affect the underlying SUPPOSED backing of GLD to where they "own less of it?"
im calling a bottom for gold at 1200 and buying here for my first 20k. I like the bars, not the stocks or funds. Real gold bars are the way to go
Thanks. It's a pity that others posting here fail to comprehend the sheer incompetence of those in charge.
When Ryan Howard's knee hit the ground in Oct.2011,gold and silver were finished.You could superimpose a chart of the Phillies success over one for gold and silver since the 70's.
Funny how the pro PM guys always have all the answers whether the price is skyrocketing or plummeting.
Good point. Chris Martenson is a little kooky too. I saw him doing some exponential population growth seminar 5 or so years ago basically saying the human population will be too big for the planet in the very near future, which obviously isn't happening nor will it happen anytime soon (probably ever). I want to start buying some since it's good to have long term, but the problem with gold bugs is, it's in their DNA to believe apocalypse is always around the corner AND there's a big conspiracy behind any price drop.
Buying now that technicals are improving. These guys could have explained that it was already in a downtrend during April 2013..
Gold is protection against inflation. In the history of the world, there has never once been a fiat currency that suffered a significant deflationary depression or collapse. Fiat currencies, under pressure, always inflate, and ultimately end in inflationary collapse.
If you don't hold gold/silver, it'll really suck. If you do hold gold/silver, it'll suck a lot less.
You can watch back his video released a couple of days ago telling people to buy now, I mean on that DAY. He said he purchased. Next day it dropped like mad. He knew it was coming. My friend's in the mining company knew it was coming there is no way he didn't know it was coming.
I don't understand how that one tick sell off is manipulation. What if I was a big trader for a huge bank and we decided to sell our holdings in that tick, it would reflect on the charts the same way. Can anyone explain why it's manipulation or some deceitful sell?
LOL part of the Cyprus bailout agreement was that they had to sell their gold. I ditched my ETFs at top price on the news. Ill be buying on this dip as soon as I hear if Germany is going to start buying again.
Oh my God! Finally someone with some brain and eyes. There is hope for humanity! Thank you!
How does the bank get a solid 1 percent interest on gold with the volatility that they are creating themselves through their own demand?
A paradigm shift of such caliber that would allow 500 Oz of silver can't be done overnight, to have such a shift, you need to include time. Just because you've known about this for longer doesn't mean it's not going to happen
you do realize it costs about US$317/oz to mine & refine gold from the earth crust? That was the cost in 2007, and it keeps getting more and more expensive since its getting harder and harder to find new good gold-ores in addition to that the value of fiat-money inflates at about 8% per year now due to insane uncontrolled fractional-reserve money-printing. So your math may be "slightly" wrong.
Listen, These guys are smart. They sound good and use plenty of logic. Does this guarantee they are correct though? No. Markets often move irrationally. We have had plenty of inflation in the last 2 years and precious metals have gotten slaughtered. Accept market moves for what they actually are, opposed to "what should be happening."
Any ideas when this next crash will be?
Silver is at $18 to $19 today, July 6,2013. Will it go to $15 or $12 or even lower?
If scooping up a median priced home ($200K) in the US for 500 oz. of silver ($12K) this decade, isn't a get rich quick scheme, I don't know what is. Mike also predicted $10/barrel oil. Does he have a time estimate for this too?
Makes perfect sense to me. I'm keeping mine!
Obsession with PMs is unhealthy. Gold and silver are down because investors are hungry for the stock market. Create all the explanations you want, doesn't change the fact that the real demand lies with stocks.
We have money or whatever you want to call it for an easy way to trade and to save. Trading in gold is a little bit difficult so it doesn't work there for now, but for savings its fine. The question is how much is it really worth, and like everything else nobody can say for sure especially over a long period. Central banks don't stockpile cotton because it rots. Same reason why I don't but bread today for the rest of my life. Gold has practical uses so fine for investing.
I went to my local coin dealer during my lunch hour. He is out of all physical silver exept for a few generic rounds. The banks killed the paper price so that they can back up the truck. DO NOT GIVE IN.
Rome didn't use fiat currency. They used commodity currency, and when times got tough, they started "debasing" the currency.
Weimar, of course, was different than Rome; they printed too much fiat currency, and inflated themselves to death. There are stories of people in the Weimar Republic who bought up whole city blocks for gold coins.
when you lease gold to someone you stop having old in your balance sheet. You need to risk it! What you have is a lease contract. You do not have TWO assets. you replaced one asset for the other. Meanwhile, the person taking the lease has an ASSET, the cash he made by selling the leased gold, and a liability, the gold it owns to the leaser. You do not get two assets out of a lease my friend.
Water will have the greatest value, followed by food ultimately i think x) still great dialogue.
The stock markets been going up and has been for 6 years, PMs have been going down for 2 years strait. The reason for this is Real Realised rates, they control the asset markets and the affect the lending markets.
Thanks FXNorm, I'm aware of that ,but, I still have no idea what Troy Dodge is talking about in terms of his math($35/ounce?), and frankly I regret having responded to the nutcase.
What a great video this explains exactly how im feeling about it.
Love the peak prosperity channel chris
I'm doing the same thing bringing awareness to the viewer. That is value. Your value is bias towards your ideals.
Hey Mike, What was that last bit about BTC?
thanks for the quick update
Well Lindsey Williams, and various other 'insiders' have said that a crack will appear in the derivatives market, which will ultimately lead to the entire financial system imploding. If futures contracts are undeliverable, they are worthless, and that is a major crack in the derivatives market, as those contracts derive their value from the commodity and promise to deliver.
This may be the move that destroys any confidence left in the financial system.
Crash is not over, USD is in an Inverse Head and Shoulders on Monthly Chart, also on Monthyl both Silver and Gold show a massive squeeze to the downside and what do you know, USD is also in a massive squeeze showing signs to the upside. Also HUI and Dow Jones PM index both in a massive head and shoulders. Translation, PMs are gonna get hit much much more! Screw fundamentals now, go by technicals, get the nice price point and go with fundamentals by keeping your physical
I always buy when either gold or silver prices fall. I am long on both.
You don't need gold or silver in your computer? Well your CPU and GPU would die immediately as they rely on gold to create the circuits for the chip. Then the thermal paste which binds it to the fan or cooling system uses silver. The keyboard you're typing on uses silver electrical contacts due its superior ability to conduct electricity compared to all other metals (aside from gold).
In your car (aside from all the electrics) silver is used to coat the windows, silver is difficult to substitute
Is it possible that some of it is some kind of "smuggling" or something like that? Gold that is illegal imported...
In 2008 gold fell from $1032 to $ 680 a fall of 34% and then went up 280% to $1921
During the 2011 to 2013 correction it has fallen from $1920 to $1180 a fall of 38% , so there is nothing out of place here its well within the normal parameters of a long term bull market. Don't be at all surprised for it to go up another 280% and make a new high up around $3000 plus.
Its just simple math and as such is beyond the grasp of economists and central bankers.
they are but not on the same balance sheet. that's the whole point....when you lease it out it's not your asset.
It's basic accounting. If I have some gold, that is an asset. If you owe me gold, that debt is an asset to me, because it produces interest income.
should one take loans to buy gold at this moment! if yes, gold or silver?
Look at the chart of the value of Gold over many years at Wiki. It is obvious that Gold price is highly fluctuating. It is also obvious that Gold had its highest value in dollars around 1980 when corrected for inflation. Central banks have always stockpiles gold traditionally but they are also buying other assets currently as you know (like their own bonds and mortgage securities etc.). It doesn't make much sense actually as (a) inflation adjusted Gold is not necessarily a good asset,
It is a matter of mathematics. Honestly it is very simple. Every 4-6 years there is a crash. So you have a probabiltiy at 4 years from the last crash of 50% if you run it to 8 years you have 100%. This correlates directly with the commodities cycle which we have 5-7 years left. The debt is increasing at 15%+ per year divide that into 70 you will get the doubling factor known as exponential function. Matematics dictates 3-5 trillion in outright printing the next fall which is happening now.
Yes I am. Going 100% into PMs is not smart or worthwhile. I can understand your doubt. And yeah, a large part of the public may not be buying stocks due to unemployment or other money issues but the demand is nontheless great. There are many great brick and mortar companies that pay a dividend and are real. Need ideas? A trip through any pharmacy, grocery, or department store will yeild hundreds of ideas and every company will send you a prospectus for free.
I still remember how naive i was in 2011 to believe you guys that silver price would rise. 2 years later, it didnt even increase a single bit.
Something that I wonder about...if these people can manipulate the market to this extent, what's going to keep them from doing it perpetually? If they can do all of this now, what's to stop them doing it later? I am concerned that these people will find a way to continue playing this game (both with gold and with the currency) and that the gains we all know should come will not materialize. What's going to be the linchpin that irrevocably ignites the blow-off top beyond their ability to "fix"?
Excellent discussion and I couldn't agree more. I know from what I witnessed that most people invested in physical took good advantage of this price drop. So the Banksters did not get their way.
We have to print more money for people to use. The US dollar is the reserve currency. I am grateful to live in a country that has lots of available CA$H. We have Buy/Sell opportunities everyday.
Me too homie. Keep stackin. I wouldn't be surprised to see them crush it one more time.
How come your twitter account has been suspended? (@Gold_Silver)
They really have not "collapsed."
Gold and silver are two viable assets which will help you if the dollar ever falls or completely collapses.
Don't start selling. You will need them some day.
if gold goes as low as 1100, by when do u think that might be?
Bitcon? That isn't much of an inducement to sign up to your site.
So, if you've millions of money in the bank what'll you do? Banks are paying very low interest & inflation is higher & higher. What'll you do with your paper money in the bank for your future?
People buy precious metals. So gold price is higher. They tried to correct the gold price (over inject again) but how long it'll last? When they can't it'll bounce back with rocket high.
the eagles are pretty,the maples are pretty,all of the leagal tender coins are pretty.but when it comes down to value,it is only about weight
It's like it was filmed today.
And today
Great discussion guys.