Global Gold Repatriation Surge - Why More Nations Are Bringing Gold Home, Why This Is Significant
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- čas přidán 11. 09. 2024
- More countries are choosing to repatriate their gold and bring it back to their own borders for storage, Andy Schectman, President and Owner of Miles Franklin Precious Metals, tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. Schectman adds that this trend is accelerating and breaks down why this is as important as central banks choosing to step up their gold purchases in the last few years.
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#gold #reserveasset #centralbanks
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Investing in gold and silver seems like a good move, especially with the current market uncertainty.
Can never go wrong with gold or silver
Gold is the best bet, I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery
yeah that's a good path, focus on a good strategy, relax back and watch it compound within the years. In good time you'll see returns.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Sandy Barclays program is widely available online..
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
Assets and lnvestment is that tiny Iine that separates the rich from the poor.
Sandy’s expertise in customizing investment portfollos based on changing market conditions and personal risk profiles is exceptional it's not a one size-fits-all approach, which is crucial in crypto investing.
All these countries getting their gold before the Titanic heads to the bottom.
Funny thing is people are still singing and dancing while the ship is sinking 😂
@@taranjitsingh2714what should we do other then hoarding
Life is gonna suck in general
@@taranjitsingh2714 Sinking or stinking;-)?
@@mariannybejarano5340nahhh
It's gonna be a party...
bought 1 ounce gold at Costco today, $2,489 no tax
Nice- good price
Great deal
How long before you get 25 of them?
The Costco 1 oz PAMP gold bar is $2,569.99 today.
@@jkdm27I was thinking that they must not know the market price?
If you don't hold it you don't own it.
Lynette Twang
Very true, If I need to buy some paper, I buy stocks. Buy gold and hold it.
no s#№t
The same applies to the so-called " cbdc" which is not even currency.
@@Afalaa If it works CBDC is the end of all freedom for all the world for all time. But it won't work. Thank God!
Gold is money, US$ is a piece of worthless paper.
Fun fact… the gold market is completely manipulated by the London exchange which sets the price twice a day with “phone calls” between “bankers”. I have been watching and investing in gold for awhile. The one time, and I can’t remember the exact date a couple of years ago that they lost control was when a slew of futures contracts matured and instead of rolling over the contract as is usual in the futures market, they demanded delivery of the gold. Well, it didn’t exist, so the companies holding the contracts went on a panic buying spree which shot up the price of gold. A back room deal was made by “those in charge” and the futures holders were paid a premium to drop their demands for delivery. The price settled back to normal. Not sure if the traders have a clause about demanding delivery these days but if it is allowed, the same thing could happen to once again send it out of their manipulative control.
Well the Shanghai market has an arbitrage . They are offering MUCH more $ for the PHYSICAL GOLD/SILVER .
When was the last time so many central banks have bought so much gold? Fun fact. Britannia ruled the waves. It will again. Maybe as soon as next month.
Yeah, gold should be a lot higher, u never use to see the stock market drop and gold drop at the same time
1999 - Gold price is US$252
2024 - Gold price is US$2531
It appreciated 10 times in 25 years.
It compounded 10% per year.
In another word, US$ depreciated 90% in 25 years.
Will central banks of all other countries prefer to buy gold or buy US debts?
24k gold is 99% gold you can go buy at any Asian Jewelry store 😊
Mene jewelry is 24k, too, and the smallest mark-up I’ve seen.
More, and more Nations are starting to practice the "If you don't hold it, you don't own it" rule.
Love your show Michelle! Thank you! You continue to look striking too!
She is a Tier 1 asset …
@@rudeawakening3833 :O) For sure! She definitely has a lots of fans throughout!
@@gregg4600
Quite possibly one of the most alluring women on the planet - in my opinion .
If KITCO did walk calendars with her on every month I’d be buying the largest one annually … 😂
@@rudeawakening3833 I’ve actually pondered seriously her times spent on stair masters, elliptical machines, etc. lol. I’m a track coach and love seeing a fit body.
@@trailguy
I bet that she IS a
“ gym rat “
Thanks so much ❤❤🎉
Love your videos, Michelle
Thank you 😊
Andy is on it
"The future enters into us, in order to transform itself in us, long before it happens."
They are doing this to gear up for CBDC's. Evil.
Hi Colin , collectable may have less chance of confiscation ( as the 1% hold it ) where the peasants buy Bullion which has been confiscated "twice" in American history ( I'm not a dealer so please do your own due diligence ) , cheers ( Aussie ) Phil .
❤️❤️❤️ SHOW KITCO 🎉🎉🎉
I called it perfectly
Andy’s eyes dart about so much! Must be the excitement gold elicits. 🤣
Why is Milei secretly sending the gold from Argentina's central bank to England ?
How do you know?
@@usptactGoogle up : Milei sends gold reserves abroad.
It's a fact. It was found out by a congressman who asked the government about this serious decision that was not even requested or informed to the opposition. Much less to its people.
Sending it to England, they said they wanted an interest return of an annual 0'25% . Absolutely absurd and a complete robbery. WEF controlled disidence. England, the same ones who wouldn't return the gold reserves to Venezuela .
It is not a secret obviously.
Civil War
He is a WEF puppet so serving his masters while he rapes the Countries wealth
AMEN THANK YOU
Banks don’t rush to do anything. That should be your first clue about Kitco.
They rush to shut their doors in a run on a the banks
Thanks once again for the financial information Andy and Michelle.
Prepare for the next shift > abandon of the fiat & move to CBDC (backed by gold). The puplic shall realize the value of real money (gold) ASAP !
Since the world has been mostly at peace for the last 70 years, and nations now have the infrastructure to do it, and we are no longer on a Gold Standard; why not hold your own gold now
You mean as individuals or nations - maybe both, in preparation for the fall of the modern banking fiat enslavement scam.
I do not think the Government gives a damn about depositors. When they rid of the Glass-Steagel Act was a big mistake. This prevented investment banks merging with commercial banks. This decision to repeal this act really made banks casinos.
Hi Michelle , I've always appreciated Andy's view point .
I thought it was Basel 3 ( 'not' BIS - The Bank 'FOR' International Settlements [ 2 separate departments ] ) that made gold a Teir 1 asset ( now recognised as currency ( Au is money ) the same as Fiat currency .
Gold repatriation sounds like they are getting ready for war ( unfortunately ) .
I believe the Shanghai's ( gold ) Exchange Bank was made specifically to exchange oil ( from Iran ) while the Petro contract was still valid but now that contract between America & Saudi Arabia has ended ( 9/10 of June '24 ) Saudi can now trade with any currency , cheers ( Aussie ) Phil .
Basel 3 shoud be correct. He made a couple mistakes.
Why is gold sinking so fast in the last few days
Gold is the currency of kings silver is the currency of gentlemen credit, bc is the currency of peasants and debt is the currency of slaves ! 😉
And CBDC is the invisible evidence of modern high tech slavery.
Ezekiel 7:19 “‘They will throw their silver into the streets, and their gold will become abhorrent to them. Neither their silver nor their gold will be able to save them in the day of Jehovah’s fury. They will not be satisfied, nor will they fill their stomachs, for it has become a stumbling block causing their error.
For those who do not believe in Christ. Those who follow Satan / antichrist. And no there is no flying away! We are to stay true and not fall for Satan and his bag of tricks. Ezekiel 13: 12-18
It's not saying that gold/silver is bad. It is saying that their gold/silver will not be able to save them from God's wrath.
Ecclesiastes 7:11 Wisdom together with an inheritance is a good thing and an advantage to those who see the light of day. 12 For wisdom is a protection just as money is a protection, but the advantage of knowledge is this: Wisdom preserves the life of its owner.
It is written
Real money Vs fake money
Why is that such a difficult thing for most people to see?
if the rumors are true and in october the brics countries introduce officially their currency basket "the unit" some 40 procent sharp will be gold, that could again stirr the shitpot massively
My prediction on gold is $4000 by end of this
Great guest should get tom loungo on
Michelle note for Andy Schectman - brics 10 members =( Rise is Cube) 2:34 gold rookie
Buy than bring it to their country, or just account changed
NOT happy about how the Dollar has been dropping like a rocket - 🚀. LOW TODAY WAS AT
Low Mkt Cap @ 100.92.
💲💲💲🤑🤑🤑🤑💰💰💰💰💥💥💥💥💲💲💲💲
the u.s. has no gold
Shame on you !
It was just audited with full disclosure ….
( in 1958 )😂
OK here's the real deal. Look how long it took for NAFTA CAFTA and the U.S. Mexico and Canada get along stunningly compared to the BRICS. I am pretty sure they barely get along lol. So a BRICS "currency" is going to take 20 years to negotiate. I think the dollar has a little more time. That's not to say we aren't going to experience very high inflation and watch gold 8x. Because it's already happening and the fed is about to pivot which will mean they LOST the fight on inflation already.
my prediction is gold will 8x off of 1,200 per ounce. Taking it to $9,600.
Dedollarisation is NOT about creation of a BRICS currency. It's countries trading using their own currencies, barter, CBDCs. Anything but the USD and away from the SWIFT system. "Reserve Currency" is going to mean a lot less than before. So does "Petro-Dollar".
BRICKS has been around for more than 20 years
@@konaIIII think you are right. I would add that the inflation is so detrimental that it could be called an unofficial tax.
@@konaIII
As badly as BRICS governments want to NOT use Dollars, their citizens only want dollars.
Would you put your family’s wealth in Rubals, Yuan, Rupes, Rands, etc ??
Not me!
And gold is difficult to use. The exchange rate always sucks.
Dollars will remain the preferred currency until Bitcoin becomes ubiquitous.
He's been saying this for years and it always goes down right after.
Maybe temporary.... I bought gold years ago for 400 but now its 2400...
@@MMan-yo3ix 2400? It's 2500 now.
Apparently you don`t know Gold hit an all time record high this week..
I bought silver 2020 for $19.11 an ounce
Bought gold at $2100.00
For years it has been going up, just not in a straight line. It was around 1600 less than 2 years ago and now is at 2569, I will say that is going up. If it goes down, I will get some.
Buy gold dump dollar to avoid death trap
Given the precarious state of economy and market volatility, would you recommend having an advisor despite no one can 100% predict future outcome? I am refraining from investing in stocks as of now, and looking towards gold for wealth gains
Gold can preserve your wealth but not growing your wealth, you need to distinguish between them. ideally, invt-advisors help guide people towards the right direction, in order to meet their growth goals.
How do they get it out of China?
Even a broken clock is right twice a day...
Apparently you don`t know Gold hit an all time record high this week..
Nor is the FTX - boy watching the market
Only if the hands are still attached!
Mint stopped making eagles
When ?
When did this happen?
@@rudeawakening3833I doubt they stopped
I just looked it up - this troll is not answering because all sites state that the 2024 Eagles are being minted and are for sale since 1986 as usual .
Why spread misinformation ?
🪙🥇🪙🥇🪙🥇🪙🥇
Is this a new video?
Its ok. We will steal it back.
If China is building you something in your own country, make sure your engineers oversee the projects; their "construction" in China is referred to as "tofu" buildings because they crumble after a handful of years, no occupancy necessary.
Lol
PAXG
$3,000 Silver before 2030.
No my Golver
Very conservation guess, more likley Gold at $30000 and silver $50000
He who buys silver gets 7777percent more precious metal
How much gold does Canada have?
none!
canada will maybe nationalise its gold mines
@@Stephen-dg9de No doubloons, only buffoons.
@@yassma977 Yeah that will be well received by the mine owners.
We don't need gold here in Canada because our Prime Minister told us that budgets just balance themselves.
SLOWLY!! Meanwhile the 2 major countries backing BRICS have economies that are collapsing. ❤😢😅😅
Name them please
Chinese currency is called renminbi (RMB). How much of the RMB currency is measured in yuan
Same thing, like dollars and bucks..
Explain to me how soc sec cks will be paid out if cash is gone?.. 🤔
CBDC, CBDC solve everything! When government can dupe people with fiat they can control them with electronic tracking devices.
He a 'shady' guy. shifty eyes!
Schectman is such a pumper.