Gold Prices Will SHOCK Everyone In 2024!! (Here's Why)
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- čas přidán 12. 12. 2023
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People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.
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
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.
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 Carol
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.,.
@Wilhelmina-Luisa That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Wilhelmina-Luisa The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@Wilhelmina-Luisa I will give this a look, thanks a bunch for sharing.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
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
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.
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.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.
I'm surprised that you just mentioned Veronica Hoy here. I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
What impresses me most about Veronica Hoy is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks
Although the SEC's approval of the first cryptocurrency exchange fund (ETF) is predicted to boost the market's performance in 2024 compared to all other equities sectors, the market is still quite volatile, so if you're new to it, it's preferable to speak with an experienced counsel for advice.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
who is your advisor please, if you don't mind me asking?
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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.
Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
Thank you!
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
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
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
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ''Melissa Maureen Ward'' for the last five years or so, and her returns have been pretty much amazing.
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.
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
The checking and savings accounts are secured by FDIC upto $250k up to a credit limit. This ensures consumers that their money is safe during bank failures. The recent bank failures are base on poor management, too much lending, bank runs, unknown from bank consumers.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I think I'll be investing more in gold mining stocks and other stocks going forward. The fact that stocks offer potential for growth, dividend income, and liquidity makes it more appealing. I am keeping my bullion still, but curious on where else to spread $400k for long term returns.
You shouldn't be looking anywhere else than the stock market, i still think gold prices are high manipulated and i want a store of value that is highly liquid. Consult a fiduciary advisor to help set up a good portfolio as one wrong move could significantly erode it.
Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had an advisor consistently restructure and diversify my portfolio and I’ve made over $4 million in gains… might not be a lot but i'm financially secure and that's fine by me.
Your advisor must be really good, how I can get in touch with them as i want to secure my financial future?
'Theresa Dana Peek' is the financial advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
My advisor is ‘’Natalie Lynn Fisk’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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
In the face of a swiftly changing and unpredictable economic environment, possibly on the cusp of significant shifts, it's increasingly important to diversify your investment portfolio. Venturing into physical assets such as gold and silver, as well as engaging with more dynamic options like cryptocurrencies, can provide a strategic defense against inflation and economic turbulence. This strategy highlights the necessity of staying informed and proactive, combining classic and modern investment methods to foster financial robustness during uncertain periods. My own experience is a testament to this approach: by adopting Cheryl Atonal’s trading strategies, I have successfully gathered 26 bitcoins in just a two-month timeframe, which is a strong endorsement of her proficiency in this field.
Finding her name here is unexpected. As a beginner, she guided me, teaching essential trading principles and sharing her daily strategies. Her courses are excellent, and I'm now earning daily in cryptotrading , thanks to her.
I just looked up her name on Google and saw her impressive result. I will get in touch with her shortly, thanks for this.
In my opinion, the pandemic has underscored the significance of diversifying income sources. Merely having a job doesn't guarantee security; the true assurance lies in cultivating various investments.
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 Cheryl’s insights. It's akin to finding a diamond in a coal mine.
Spoken like a true academic professor.
Gold isn't going up, the value of the dollar is going down.
Generally, gold price is manipulated to mask the decline of the value of the dollar, and we're all just waiting for those tricks to reach the end of their ability to be played.
This. It's manipulation by CME. And devaluation of USD.
So glad others get this as well
Austrian economists know.
Whichever Gold will reach 2500 next year with HUGE EVENTS happening world wide 😉
Yep 🎯
Interestingly, this is the one thing he doesn't mention.
Gold will have the best years ever starting 2024 !
Gold has had great returns from 2012 till now!
@daleb4148 about the same returns as spy
I will buy because George says so! 🤡. He can’t be wrong!
@@shawngouza139can you hold spy in your hand?
George ; I believe the gold market is manipulated , yet all the major banks have loaded up on gold & silver.
That just means they have alot to sell pushing the price way down
Yep, I think they use it for leverage and sell paper against what they have which is smart of them and dumb for the paper holders.
All markets are manipulated.
Gold and silver are two of the most manipulated commodities in the world (evidenced by the massive fines dispensed to JP Morgan and others). So, to consider the effect on pricing without identifying the manipulation is not reasonable. They “change” the pricing to arbitrage between different assets in the “off season” and then it does its job as a long term preservative of wealth. I appreciate George’s honesty on this one!
In that case it's pointless to try and figure anything out, just follow the big money
This is what ive been saying
except what you are talking about is paper gold related to paper currency. The purchasing power of physical gold never really changes over the long term, making it the true store of value over time.
So if the price of gold is merely what JP spoof it to then the price is pretty much irrelevant? If they want to make it 500 usd per ounce next year whats stopping them? We won't get it for that price cos mints will all claim to be out of stock but they can still smash it as low as they want?
However much they manipulate gold, it doesn't seem to stop the price from rising long-term. How much gold does the U.S. hold in its vaults?
Gold isn't really a hedge against inflation, although it can be protection from it. What it really represents is trust, or lack thereof, in the political system and elites. If you think the system is going to be highly corrupt, and people are going to be treated by garbage by elites and politicians, abused, have their rights attacked, then gold is a sure bet.
Agreed. When adjusted for inflation, it's quickly apparent that gold today is worth FAR less than it was in 1980. This "all-time high" talk these days is wildly misleading.
Good point. Thank pretty much sums up why I like gold - I have no faith or trust in the government or the banks or anyone "in charge".
100 %
Bob Menendez wanted gold for payment.
@@Plinker007
So basically, you're saying the price of gold will fluctuate!? Genius, George, genius! (Can I get my 13 min and 51 seconds back?)
I felt cheated to at the end.
Is that all you learned from the video?
I've learned not to look at inflation rate, USD value and try to predict the gold price against these.
George’s videos always full of good content, but this WAS a bit of a click bait
George never gives his own prediction, he just makes fun of Schiff’s prediction then says nothing about how all his history charts are impacting future prices.
I love gold and silver
Silver makes no sense to buy because the spread between buy and sell at dealers is ridiculous.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
"I've seen a lot of good testimonies about her, she must be honest and committed for people to talk this good about her services"
Her training program has been insightful, and I must say, l'm most honoured to have been part and a full-time beneficiary of her daily trade signals.
I have seen a lot of Positive post about this Shanita Creswell. Please how do I reach her?
Gold and Silver is money, everything else is credit
Not quite. Everything else is DEBT
Why would we NOT follow what the central banks are doing and buy more gold if and when they do?
Gold goes up when people are in fear
Well I believe that fear will be here when stocks, bonds and real estate all collapse in that order.
Yes,Elegantly summarized.
My three favorite channels: George Gammon, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
My friend paid £2million for a house he didn't live in in 2006 and sold it this year for £2.25 million. If he'd have bought gold, he'd have £12 million now.😅 He doesn't like me to mention it, though 😂
Wow. He bought at the second worst time in history, but selling this year was a good move in preventing further losses as the real estate crash is only just beginning to form.
Ouch
He had 2M pounds to throw around in 2006?
I was going to be sarcastic and say, 'do you know what a mortgage is' then I thought... a 2 million dollar house is still a mortgage normies couldn't afford in 2006@@AlphaAurora
“ItS aBoUt TiMe In ThE mArKeT nOt TiMiNg ThE MaRkEt”
Excellent video George! Thank you! Have a Merry CHRIST-mas and God bless you!
Thank you for the update
Appreciate the honesty George G, quality content and insights as usual
I have been buying gold and silver!!! They will be up and down ,but continuously going high…..
Gold is not meant as an investment, it's for insurance
Gold (or FIAT will go down) will go up. BRICS do not care what the West does with Gold manipulation, they are stocking up and awaiting the collapse of G7 FIAT.
Can't understand why people don't get this
For when the S..t hits the Fan...coming soon!
Love your non bias analysis! Looking at facts, history, and probabilities..
Fantastic job!
Love Georges work, honest and easy to understand for the low educated like myself, thanks a million 😊
According to reports, Central Banks of the world have been buying gold at record rates. Unlike US treasuries , gold has zero counterparty risk. This could be the ‘why?’
Haven't China and India been on a hoarding spree?
Yes, all part of the globalist destruction of western civilization. COMEX and others have been suppressing gold against the dollar in an attempt to prolong the dollar fiat ponzi scheme. China and others have been taking advantage of this by buying physical gold (not fake paper gold) at these artificially low prices. Eventually one central bank will revaluate their fiat currency to gold ration forcing others to follow. This I think will be part of the trigger that breaks gold out against the dollar.
@@sdrc92126yup both their central reserves and private citizens are crazy for gold
institutional buying into SYN24R could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.
😅😅😅
SCAMMER ALERT 😂
@@Pubtomfoolery ... I knew it was a SCAM from the up-votes they give themselves...😆 🤣
Thank you 🙏
Loved the video. Thank you so much!
Great content. ❤
Gold and silver are set to log an uptrend in their values in 2024, as per the forecasts by UBS, as quoted on CNBC. This expected increase is largely attributed to the anticipation of the U.S. Federal Reserve cutting interest rates probably from May, can I safely invest $220k in the markets? What should I do differently?
Gold’s pricing has historically shown an inverse relationship with interest ratesWhen interest rates fall, gold becomes a more attractive investment compared to bonds and other interest-yielding assets so I suggest you get yourself an expert advisor to be on the safe side
Accurate asset allocation is crucial right now, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. financial advisory is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1m ROI
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?
*Natalie Marie Gentry* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
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.
Thank you for your honesty!
Great presentation George! Thank You.
My suggestion would be to stack Gold and Silver irrespective. Keep your Debts super low and build a solid cash base.
Why?
When we do get the GFC 2.0 and there are bargain basement prices on most asset classes - you won’t need bank debt to buy, you will have the cash ready to roll to snap up cheap assets from desperate buyers.
With super low debt, your serving won’t be a factor and you will therefore have more discretionary cash to expand asset portfolio.
Gold and Silver will keep ticking over nicely in the background 🎉
I think this is why its always a good idea to have 'spare cash' in your portfolio (=money market account), so that if stocks fall especially PM stocks because Gold falls in a liquidation event, you have cash to buy cheap.
cash can also fall. the goal should be to find something that does better than cash.
Per ounce gold real value is more than $10000 if you backed up dollar value by GOLD, so load your bag with some gold folks still the system is compressing gold real value for time being but can’t in coming days.
I love your straightforward honesty
Been stacking a lot of SYN24R and cash after DCAing a bit this year. Will buy more at least around the November December lows and below
SYN24R is moar potent than smack.
Thanks George.
Precious metals are going to the moon in 2024.
Get some ASAP guys,before the HERD wakes up 🏅🥈🏅🥈🏅🥈
I hate to tell you this, but they are selling it at Costco, and that's when know the herd has already adopted it.
Lets hope "they" revalue gold way up higher to help the bankrupt banks to balance their books or pay their debts. They could revalue silver too!
I bought it way back in 2012 and have had great returns; so glad I bought gold back then before the herds got in on it. George is always on it by the way, fantastic track record.
Costco is pricing way over spot. They still buy it there. @@SuperStunningdunning
you are one of the few who admits that the chaos in the markets leaves us many unpredictable calls. thanks for that!
Great video George. IMO, price will be determined by CB demand. Supply is pretty much constant. Not to concerned about a big drop because of lack of retail and investment bank ownership. Cup and handle patterns are high probability of breakouts as well!
If you wait for a dip/crash to buy - doesn't the rise in premiums make up for the drop in spot price? Love your honesty.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance,but if you want to make your money work for you...prevent inflation
What are you talking about and how could this be explained?can someone please explain
I'm really confused, especially in market analysis,how are people using trading with them?
Trading with an expert is really beneficial. This will help you not to lose your money in the trading market.
Great video as ever George. Thank you
Thanks George!!
Hello, my portfolio is diverse, with investments in silver, digital currencies and very little gold , but not as much as I would want. Would like to add a lot of more gold, just not sure how to go about it. Diversifying my $370k portfolio across the markets to withstand inflation is my goal. Can you help me?
I think there are more qualified fin. specialists to provide this kind of advice. So, to help you out, you should work with a CFP rather than speculating.
I was earlier advised to find and work with a licensed advsor because I needed a substantial push to keep my portfolio afloat. She was really helpful in helping me develop my reserve from $225k to almost $850k, despite the market downturns. Maybe that's also what you need.
@josephbush Do you mind sharing info on the adviser who assisted you? I also have a plummeting portfoIio.
I take guidance from a Colorado-based wealth advisor 'Heather Lee Larioni'. She has a contact webpage, if you care for supervision. She's firmly established and well qualified.
Thanks a lot for this. I really didn't know what to do at this point.
Several other factors worth noting that George didn't discuss. The coming implementation of CBDCs should drive more fiat into gold. Also, the fact that many central banks are acquiring more gold, especially China and Russia to avoid US sanctions.
yet, it is unknown how much Gold China and Russia have. This is a secret.
so if the whole system goes cbdc, how do you cash in your gold?
Also, if China and Russia have a lot of gold they are using for war, it stands to reason that the west would try to manipulate gold prices down to take the bite out of their agenda (as is the case with oil being manipulated down in price).
George, I HAVE THE ANSWER. I'm 73. Gold was downplayed ALL these years. The financial community wanted YOUR attention to the stock and bond and real estate markets, NOT TO METALS. This had to happen because of what NIXON DID, TAKING US ***OFF*** the Gold standard. That was big and we have been wandering in the desert ever since. UNTIL NOW...UNTIL RECENTLY. PM were always in the background, NEVER the focal point but the SYSTEM our govt wanted us to follow was stressed to the point of learning it in BUSINESS SCHOOL. ALL OF THAT IS CHANGING..ie COSTCO sold $100 mil in gold bars. People are waking up, the debt based system is WRONG. and the USD as the world resrve currency backed by nothing, IS NOTHING. So what's left? another graph on your white board?
Thanks George and rebel crew
They will both serve a function and niche. SYN24R has a lot more momentum right now and will decentralize as it scales
SCAMMER ALERT 😂😂😂
SYN24R is the next strain out of Wuhan
quick! sell gold and get fed promissory notes!!
Thank you ❤❤❤
Appreciate honesty n analysis
Who cares were about to have breadlines soon
rich people
You were?
I do agree that just like anything else the price of precious metals should definetly be affected by inflation. Its manipulation that makes it hard to pinpoint. As soon as they lose control of ghe ability to manipulate precious metals like hyper inflation..the metals will do exactly what they are suppose to
re: As soon as they lose control. And in all this time, my entire life, they haven't lost this control. So...
@@morpher44 well you do have a valid point. I cant say you dont
@@wrillywonka1320 what is going to make this much more complex is that we have western world A.I, with its agenda, fighting the A.I. of other advanced nations that have dictators. The only thing we can know is that volatility will be wack.
@@morpher44 that definetly a wild card but i think its in the govs interest to hyper infation as well as deflation which could be possible, making paying the national debt off a possibility
George has no idea about gold prices for the future! ...classic George..Love your honesty my man!
I think the main price drive for is just because it’s gold. The properties and fundamentals of this product are very strong. And that helps it react with those other indicators.
GG is one of the only financial CZcamsrs who aren't stuck using the flawed assumption that trends/patterns of the past will continue into the future.
I have a fairly large holding of SYN24R. And 90% or it is because I believe in the asset itself. Its actually the chain that makes me want to dev on top of it and learn Haskell.
Scammer ALERT 📢
Is that the latest variant of interest?
Thanks!🙏
problem with gold is that it's an alternate currency to the dollar, which is why the Fed illegally suppresses it, and will keep suppressing it
Cycles, COT Positioning, and Sentiment are relevant factors in predicting the price movement IMO. An understanding that PMs are manipulated is also very important
@Alan_Greenspan Correct. The 'regulators' 'fine' them a tiny percentage of their profits and nobody goes to jail. Rinse and repeat
@@sisensi3721 Some say that's part of the design of the system which would make sense why nobody is punished. Then again, isn't JPM one of the Federal Reserve owners?
George - You are one of the best economics and finance analyst I have ever heard or read. Thank for you brillant analysis based on Facts and Data - not opinions or conjectures. Your analysis clearly shows you always do your homework and your conclusions are based on logic combined with facts and data. Thank you so much for your providing invaluable analysis for our use! You are one in a million!!! 🙏
He said there may be double digit unemployment at the kickoff of 2024. And we’ll have a big recession. We’ll see what comes but Would you say he maybe messed that one up a bit? A recession may come but he’s off on unemployment and timing of that unemployment.
Yes, he is!
Yes George’s predictions on the housing market in 2020 and 2021 were spot on for sure. 🤡
i like your historical comparisons.
The primary driver for the price of gold is interbank deelivery algorithm searching for liquidity. When liquidity builds below or above market price that liquidity is perched and the cycle continues.
silver bells…silver bells 🔔
I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k? I know election years are positive for the stock markets about 90% of the time.
In the current unstable economy with diverse market opportunities, Considering consulting a fiduciary advisor for guidance on growing your savings may be your best bet!
@@purplebliss6875 Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary advisor. By restructuring and diversifying my $250k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 25%.
Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance
I don't comfortably throw recommendations around on the internet, but I've been working with 'Monica Amanda McClure'. God, she's brilliant! I'm sure there are others who are good.
I searched for her name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon
you finally said something worth listening to : " Gold is not a way tp grow your wealth". I ll give you the props George.
thank you for your honesty ;))))) Best Man !!!
The only person that gets rich from gold is the person that inherits it !
We are currently in a depression. The recession was last year. If you can't see that by now, you are blind.
As a general rule, from an uneducated novice perspective, I used to regard a rise as indicating a global unsettling event and a fall as indicating the resolution of that. For the last year or two, gold has performed in the opposite fashion. I assumed it was being used to cream off large profits, which also acts as a safety valve on price, and I think they'll carry on doing that, if only for the fun of it. I only want the stuff I can hold myself and its yield is irrelevant. Its there for my children.
Cashed in 2/3 of my gold stash to put down payment on a farm. Sold house in city, moved to said farm. I love gold as much as most of you, but my family can’t eat it. I would say that farmland > gold at this point in time. Take care
So we didn’t learn anything. Cool.
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I'm from UK 🇬🇧🇬🇧
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How is it possible place explain more about it because I have been hearing about her.
You hit the nail on the head man. Good job.
I like your sense of humor, George. No matter what we do, the world still turns and we run into the unexpected.
Gold is inversely related to confidence in the financial sector and currency. The lower confidence in those sectors, the higher the demand for gold.
Calm down peter schiff
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Excellent honest video
Love the honesty! :-)
I'm having coffee tomorrow morning, I would enjoy making a cup for you George.
I shouldn't have bought that ounce of gold, said no one ever...
Tks George for the video.. but not every one stacks Gold for your reasons given in the video... Generational Wealth... cause GOLD is Money... nothing more .. nothing less ... tks George... cya tomorrow Josh👍
Nailed this one
it's about investor expectation of future real interest rates, not the current real rates.
George, I love your video's and most of what you say seems to be spot on, that being said, when you talk about gold and don't use a gold chart that goes back to 1970, you avoid how poorly all asset classes have performed relative to gold. You really need to get your head around what happens at the end of a currency cycle. I think Lynette Zang might be able to help you out here.
You might even say, you think this time will be different!
C'mon George You didn't really need to make this video. You didn't have much to say.
There's always something to learn from George
George will make a few thousand from making this video, that’s why.
We’ve never been where we are going in 2024……😳
Gold goes up on anticipation for a future need for liquidity, given projected liquidity constraints… then gold inevitably gets sold off when the projected liquidity crunch occurs. So gold is always forward looking as it is low liquidity insurance. Broadly speaking oil prices trail gold by 20 months for this reason, as that’s about how far ahead gold looks. So you buy gold when you think liquidity will get tighter for the next 1-2 years, then sell it just before people capitulate and cash in on their liquidity insurance (thereby selling gold).
George is right DXY and Gold are not "really" correlated - Gold is an inflation hedge. The DXY is the dollar against other currencies. Gold Vs Dollar. The winner is Gold because it preserves wealth. The problem with the dollar is some people don't know how to trade the derivatives. Gold is Gold. Anyway awesome video
Click bait, wasted 13minutes of my life for him to say he don't know
Wow! Nailed it! Gold just hit 2300!!
I have to say , I like your honesty.