Jon Nadler is a detestable scumbag, who has consistently ridiculed gold and gold buyers. Its ironic that he works at a gold selling firm. This firm doesn't want to see gold prices rise because they have sold a lot of PAPER GOLD to people and they cannot make delivery. This asshat said this stuff in 2007 when gold under $700. If you haven't started to accumulate some gold and SILVER yet - time's a-wasting and your dollar WILL be destroyed by govts and central bankers.
just do opposite what you hear on TV internet or radio , you will be a very rich man or a woman my favorite is Jim Cramer guy is 99.9% wrong ,you virtually can not go wrong betting against what he says
"Currencies are more liquid" he says. You bet! Especially when you keep printing more. Speaking of liquid, the tap has been turned on and money is pouring into the system.
gold aint gonna be worth crap when the new (electronic/digital money) is introduced to the world as a new world order money... the elite are wanting people to buy gold and silver... they put adverts on youtube, news, news papers etc. so i dont know what to say or belive.. usally doing the opposite works really well. but all i see from every joe is... buy gold - buy gold etc. think that would mean dont
John Nadler is an idiot lately i did exact the opposite of what he was saying i did ok if i would have started to do the opposite earlier i would have done super ok.
look at gas prices when we had silver quarters. You could get a gallon for one quarter. If you have that same silver quarter, you can still get a gallon. derp. why am i smarter than these sirs? i guess im smarter than a fifth grader
So u tell me which is long term and which is more stable? a very strict gold/silver based dollar which has never lost more than 3% of its value over the course of 150 years. or a fiat currency which is practically already worth less than the paper its printed on
Really? long term? now lets just see how much erosions been goin on- now since the US switched from the continental to a gold&silver backed currency, gold had only lost less than 3% of its value over the course of about 150 years
But since the fed came into being, we have lost 98% in less than 100 years! Why? well its very simple- inflation- aka counterfeit aka theft of monetary value through fraud.
Ya these people are telling you this because they are your "friends" lol. These guys represent banks who have to rely on paper (money) to operate. Investors purchased gold/silver etc shares from these sorts of people and when an investor does this the bank trades the transaction in money not actual gold so if you called in your investment they give you cash (paper) not actually the gold you have invested in. So he's going to tell you to stop buying gold/silver to keep demand low..vested interest
How can you not think that there will be a price correction when you create trillions and trillions of dollars out of thin air? They admit in the video that since 1913 the dollar has lost %95 of it value. Well in the past 2 years we have printed more money than we did in those first 95 years of the fed. What do you think the result will be? Think!
check my channel for video's about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
@mazaleoni "dollar can not break. Nuclear nukes is so good as gold"
What is the US going to do? Threaten to drop a nuclear weapons on China and all the oil producing nations if they don't sell us trinkets and oil cheaply?
Credit cards need to move to where they once were for emergencies and large purchases. Hold only one checking account enough to bay bills. Screw CDs locks on your money?/? hell no. Metals for savings and a roof over ones head and stocks for investments. Mutual funds have to many fees and track the market too closely. G luck
Want to hear another F to the U. Credit Cards? Many bank accounts??? checking accounts, joint accounts, CDs at crap rates... Paying to use your hard earned money with all of these.. Credit Cards you loose huge. Taking out mini loans each month. smacked with fees and interest rates and banking mistakes you do not catch= financial death for USA.
Yeah right, central banks are net buyers not sellers people. If you want a good indication of a top in the gold price, watch "Tokyo Rose" AKA Jon Nadler. Once this guy turns bullish on the noble metal, it will be time to sell. How this guy can be taken seriously is beyond me. He has been dead wrong for years.
I know I should avoid ad hominem attacks, but I'm sorry, Nadler is the virus growing on mould growing on pond-scum. Hey Nadless, how about your prediction back in Q1 2009 that gold is going to $750? Oh, or how about your prediction years before that it's going to $300? How about that DOW Jon, below its 2001 level and gold quadrupled since then. I guess, like a broken clock, he'll will be right eventually. Suffice to say, I read his commentaries when I'm in need of a good laugh.
then a year and a half after this interview, the market crashed, then, 5 months later it crashed again; gold and silver haven't looked back since. These asset managers don't necessarily like recommending gold because it's hard to make a commission off of it.
Calling them wankers is a little too kind.A sad litlle shill for the gold cartel captures their sagging spirits.He hints at the problems but denies what the outcome will be."The sky has a tendency to stay up there" pal if your looking up.If you jump from a 200 storey skycraper it moves away from you pretty quickly,
"The Money Masters" documentary is still up here on u tube ( but who knows for how much longer) ..... watch it if u are interested in reality...... u can also google video search it to see the other sites that have the documentary online for viewing.
Wow it interesting to look back at these just to see how wrong these tools are. It's 2010 and had you bought in 2007 you would have made a lot of money. It's obvious these chumps should get fired! I suggest everyone should own at least 100 oz of silver and 5-10 oz of gold and continue on with life. If SHTF then you got some and won't have to pull apart you income earning investments.
@qlcmusic yeah im doing it asap, and if gold does go down, i dont give two fucks. cos when the shit does hit the fan. the paper will be worth fuck all and i'll haqve the real deal!!!
what a dick. If people listened to this arsehole, they would have lost in a 200% increase in their savings. Buy gold NOW. and silver. These guys are fucking morons.
gold is controlled by the rothsclids and they controlled its vaule so raise price ppl bye lower price bye back make lots of money and keep the gold perfect plan lmfao lololololo hahah stupid sheep
Spot gold is at US$ 1153.90 and silver is at US$ 18.81. I recommend that everyone sell their gold and silver. I'm happy to buy gold and silver to help people out.
@golfdu222 Some people believe that when and if the dollar goes to crap gold and silver can be traded for goods and services. And that no one will want dollars because they will be worthless.
@golfdu222 "think people don't listen to all that fear mongering. The banker won't kill the dollar they need it."
Why would banks need money?
You know what happens when a bank forecloses on a loan? They own the property that was foreclosed upon. If 1/2 of the country lets their homes go into default, and they are foreclosed upon, THEN the dollar goes to 0 - the banks have a ton of assets to sell all of a sudden, in any currency they decide.
Dont let people scare you about the dollar all other currancys are based on the dollar. Lots of gold salesmen are trying to scare you into buying their gold at high prices thats all.
Ha! Eat humble pie Mr Nadler. I can't believe I've seen this! At last I've seen and head the man who continuosly poo pah's the rise of Gold. why is he always wheeled out as an expert he knows nothing. How about India's recent acquisition of IMF's Gold Mr Nadler, how about China' gold shopping spree. This has got to be the most arrogant, smarmy smirky and WRONG information discusion I have heard.
The fed is driving down the dollar so the imf can offload its gold to asia. As soon as they have sold it the dollar will rise. Just look at a 50 year chart of gold. Its already made its move.
Come on wash my brain !!! Are you telling me its the end of Gold's bull run? It may drop back a bit but $2,500 here we come. Just listen to those guys on the interview you don't wanna be sounding like that now :-)
Mountains "erode", economies get exhausted and collapse. What he states as erosion are actually schemes and manipulation of the markets to let the collapse happen over time. This gives these criminal enough time to come up with another scheme.
Exactly right. All these bailouts & government stimulous programs are only there to allow the wealthy people who own the goverment enough time to get there money out before the real collapse happens. The government is mearly transfering the loses made because of risky investments schemes & scams from the wealthy establishment (who own the government) to the public & future generations of workers. Gold is honest money, cant be printed by a bankrupt government & it is being re-monitised right now.
Yeah these smirking fools obviously have no idea what they are talking about. Gold is nearly 1100 dollars right now lol. BTW it is expected to hit around 2000 by the end of 2010.
Exactly. So much for their sky is falling jab. The funny thing is sky has already fallen. The 3 wall street stooges of our government are printing more money than god.
Both Nadler and the interviewer Constable are now officially MOTY (moron of the year) hall of famers. This means they no longer qualify for the annual award since, being so utterly stupid, other more worthy qualifiers would be unfairly overlooked. I'm going to miss seeing Jon's name up there every year. What an idiot.
Jon Nadler is a hack. How does Kitco continue to employ this guy? BTW Kitco shipment times are the worst I have dealt with, I only buy from APMEX now.
There's no manipulation? China and other countries have not bought up gold? Where does this guy get his information? I guess he doesn't consider 300,000,000 ounces as not much.........no central banker manipulation or anything sinister to move price? Oh please!!!
When gold starts to climb there is always a fake news story or a damn lie that countries will sell their gold and flood the market which is the last thing that is going to happen. Countries want gold now more than ever. Audit the Federal Reserve and boom gold will be $10,000/oz
So,can anyone tell the people out there what to do now,is it really true that gold has the cycle like commodity has? Is it really advisable to buy gold at this date and at the price it is hovering now?
Is there any other company rep on earth who gets funding to run around telling people NOT to buy what his company sells? While you're at it Nadler, why not tell us not to use Kitco because they are overpriced?
I forgot to mention that great invention of Benjamin Franklin: debt-free scrip. JFK tried to bring that idea back with his United States Notes but got a bullet to the head for trying to take the Fed's power away to loan money to the U.S. at interest.
Three kinds of money, people. Real, fiduciary, and fiat. Real money has intrinsic value with no counterparty risk i.e. gold, silver, platinum, etc. Fiduciary money is a paper representation of real money. Physical supplies of real money keep a lid on how much paper can issued to represent it. Fiat is backed by pledges of anything that investors will accept: taxes, real estate, usury, dividends, derivatives. Fiat is self-destructive because it demands new sources of wealth until none can be found
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Gold is a world currency, hur?
Ever heard of dollars, Euros and Yen?
You can exchange them anywhere in the world for stuff, they're easier to carry and you won't get ripped off as the exchange rates are easily found in all banks!
FIRST try getting your gold bar through customs and SECOND try exchanging PART of it for something and getting change... take bolt croppers! I hope you are physically strong carrying all that weight around!
you can exchange gold anywhere in the world for the local currency. You can carry a bunch of coins through customs any day. its only a coin "collection".
Dunno. Ask their consulate. You cannot just waltz about the world with bullion in your pocket. In some places it is illegal to import it without the right papers and you could get it confiscated, be thrown in jail or worse!
It's not like money... even some countries make you declare the cash in your pocket if over a certain value!
i dont see any problems to go visit any country in south america , chile is nice , uruguay much better check in internet , get cash an credit cards you are welcome
It's just a commodity. So it follows the commodity indices ... although there is a legacy market which sees it as a hedge against capital losses in some backward parts of the world where currency trading is discouraged by an anti-foreign bias... such as the usa. Everywhere else currency trading is used for capital protection.
In this latter respect, part of the price changes follows changes in the confidence indices... choose one & look at the graph, rebased using commodity index changes!
That resulting graph is called the graph of the changes in the gold price!
The shiny metal is prettier than digital dollars on bank statements too. But digital numbers earn interest and builds hospitals and schools and silver sits there like a lump helping no one.
Gold and Silver love is the height of greed and has lead to more financial failure than any other investment since the beginning of time.
Very interesting, and kitco -d-o-t- com has well respected annalists. But of all his arguments, the weak one is that 'the sky will stay up there' In fact the government just dumped one 'DOD' worth of bucks on the market and will dump more soon as other institutions collapse.
Re. gold's long term retention of value. Gold has underperformed the inflation adjusted stock market both 1913-date, and 1980-date, though not by much. It is a safety net, not a long term investment.
Gold has a standard and has an actual "worth" in the world. Personally though i would trade it in for food, and items that I could actually "use" now.
In terms of a savings account, I believe that gold as a savings is much better than saving your money in the bank. The interest rates that we are given today are working against us when looking at the rate of inflation. Gold always outperforms inflation, and will work in your favor. Hence 1000 in Gold in 10 years vs 1000 in a savings account will always be the better move. Please respond if you agree or disagree.
@PukkPukk You're right, but I think gold is as secure as Swiss Bank Accounts used to be before the authorities stepped in. Meaning, it probably won't go up anymore, but it definitely won't go down. Money can be manipulated much more, which is why it's going down. So basically the way things are going now, it's either gold or nothing. Am I right?
@PukkPukk I agree with you 100%. Gold is the ultimate store of value. It has no liabilities and no counter party risks. If a government decides to inflate or devalue a currency, they are in effect robbing you blind. It is the ultimate insurance. It protects your hard earned wealth. Let us take a look at the poor man's gold (silver) for example. A pre-1964 silver quater would have bought you a gallon of gas. That same quarter will still buy you that same tank of gas.
"The middle class that was already forming by that time, and had some hope for stability, ceased to exist as millions of people lost their entire bank savings"
Argentina 2002:
"Restrictions on savings were imposed in December last year to stop a run on bank accounts."
Times 2007:
US bank collapse is largest in 14 years
... "investors are nervous that other American lenders could go bust as the housing-market collapse continues."
Urgent message from the chairman of the federal reserve:
Peons, deflation looms, and your all caring FED is working to protect you from the ravages of overvalued currency. But our fingers are tired, and we are falling behind!
We call on you, the smelly rabble taking up space in the bankers' empire, to aid us in our fight!
All are hereby ordered to make the best possible copies of any denomination of currency and spend wildly!
He seems to be worried due to the fact that people are starting to question the metal market.
First, for every ounce of silver, there is about 90 paper ounces. (I'm not sure what the ratio is for gold, but there is far more paper gold that real gold.)
Second, Nadler seems to think it is OK to have 1, 2 and even three months delays when buying from a mint or a dealer. It is NOT OK to have to wait that long. The turn around should be days at most, not months.
I've noticed that. I think many sellers on ebay are making a killing with the prices people are paying. I payed $20 per coin in a roll of SAE when the price was $19, which is fine with me, but I saw "buy it nows" for almost $500 and people were buying them.
I think on ebay people are getting a little lazy, but it shows you where some people are thinking... having some silver in case of collapse or profit potential, yet the ones selling are reaping the profits from buying in 2000.
A lot of people think Jon Nadler is a big water carrier for central banks and Money Center Banks, trying to keep the price DOWN. I'm not sure, but if I was him I'd wipe that smirk off his face, considering that gold went up 50% since this video was broadcast 1.5 years ago. He's already had his boss at Kitco threaten Jason Hommel with a lawsuit.
and they have a strong military power that the moneymen can't touch the reason the WANT war between usa/israel n iran Russia but that may well be the end of them
You probably do not have any money or assets. Virtually all of the truly rich own silver and gold. Who would I listen to? You, a poor 32 year old wasting time on a lame website, or Bill Gates, Jim Rogers, Soros (the very wealthy)?
So, brainiac, are you telling me that printed money, paper, is actually worth more?
Gold and silver only suck to you because you can NOT afford any. That is pretty sad considering how cheap they are today.
good for u keep you "valuable" dollr bills to wipe u r tears with when the uys dollar becomes totally worthless but am sure u r money is kept in other currencies maybe property gold filver u love to see the others lose as that will make u richer
Kitco has these so called "gold pools" I think they sold a lot of gold they DO NOT OWN.
This is common. Most people who think they own gold and silver (unless they have it at home, in a vault and so on) do not own it. They have a scrap of paper. There is 5-10 times more paper silver / gold than real.
For the last 2 years, most people buying silver and gold from mints have had to wait 2, then 3, then 4 months for their orders to arrive.
I've been warning all of you. Gold will go back to $300 an ounce, or less if this recession deepens!
Gold only goes up with inflation and we are having deflation. The "printing presses" are not keeping up with the mortgage write offs.
There is a lot less money in the economy now than there was a year ago. So, the money supply and dollar value have little to do with the rising prices in consumable commodities. Nor do these prices reflect supply and demand. This is price manipulaton.
Mortgage write-offs? Do the math. Average US mortgage $200K. Average US mortgage monthly payment $2K. If 10 million mortgage payments were 120 days late that's only 80 billion US $...so why did the TARP need to be $800 billion? Simple answer. It was a lie. US homeowners are easy scapegoats for the big lie. Bear Stearns, Morgan Stanley et al lost 800 billion in one day when they couldn't cover the spread in the Auction Rate Security market in Feb 2008. The Arabs & Chinese said "no mas".
A gold dealer telling people not to buy gold. Now why would he do that? His incentive should be to promote gold since increases will make him money. Yet he doesn't do that, why?
Could it be because he was told to do it? Maybe Central banks can't keep up with demand because they don't have enough gold and the system is slowly nearing collapse.
I know that they were cannibals and astrolgers but WHAT IF the Maya were right 12/21/2012 is the beginning of a New Age (By the way the beginning of this current age was around 3200 BC around the time that STONEHENGE was started... WHY was it built? What did this do to change our world?) We a part of something bigger than we know. "Imagination is more important than knowledge"-Albert Einstein
two reasons first when money colaspes only gold n silver will have any value so the average person loses all he got the money men have all the gold IE all the wealth
cause now they only own 60& of the world money
after the colaps they'll owN everything! the new masters of the world
where i loVe to live when the colLaps comes? RUSSIA they owe NOTHING NOT A FARTHING n have the real wealth the money men didn't manage to control they almost did but for MR PUTIN they got oil n gas n owe FA
Jon Nadler - examining a megatrend with a microscope! All these tiny bits of news regarding supply and demand he juggles to come up with some maybe forecast about where gold is going. The sky is falling in on the financial world Jon. But eventually gold will fall and you'll get your moment of glory :)
This guy's been bearish in his commentaries as gold has gone up about 50% in one year. Every time there is a slight correction to the downside he gets all told-you-so ish, but the corrections are short-lived. I reckon he's a d***h**d! Analysts!!
Junk Silver is way too high right now. It will come back to a fraction of what it is now. But junk silver is a stronger investment than gold because it has more uses.
Aside from dis-spelling some minor myths about gold there are several reasons to own gold. 3 reasons: no fiat monetary system has ever survived - check your history books. Gold demand is growing. The purchasing power of the dollar is plummeting while gold holds value. 'nuff said I think.
Let's say that you have 100 000 $ in paper money. There is an ''inflation'' that's eating away from the PURCHASING POWER of your paper money. If there will be a crash, yow will be stuck with a load of worthless paper in your hands. However if you used your 100000 to buy a house, honey, wood, bricks , gold or silver or scrap steel, -YOU WILL ALWAYS HAVE SOMETHING OF VALUE THAT YOU CAN SELL OR EXCHANGE FOR OTHER GOODS. PAPER MONEY is the everlasting govt prank on us!
The fed is dropping the interest rate because the money supply is dropping precipitously. All those billins of dollars written off are dollars now gone. The amount of currency in circulation is nothing compared to the amount lost in mortgage banking. Banks create money by lending. Bank lending is slowing so there is a real threat that the money supply will decrease. This is deflation, not inflation.
if those dollars weren't repaid, then they're still in circulation, PAYING the loans decreases the money supply, not FAILING to pay, if you fail to give the money back to the bank, then how are they suppose to take the money out of circulation, that's fuckin stupid.
Ex: A South Vietnamese refugee family fleas Vietnam during the communist take over in 1975. The family arrives in the U.S. with 17 Gold Coins and would like to get a loan to start up a small business in the U.S. The U.S. banker gladly agrees to accept the gold coins. Now if the refugee family had been holding South Vietnamese currency they would be out of luck! Gold and silver give power to the little guy and keeps government in check.
Vietnamese currency is not US currency. The first thing your fictitious vietnamese family did was exchange the gold for US currency so he could spend it on food and a place to live. And, if there is a depression, you will have to dig up your gold and exchange it for currency because gold is not money. Gold is a commodity that has been used no where near as commonly as silver, copper or nickel have been used for money.
Well tell you what, I will gladly exchange any world currency you want in exchange for gold or silver. Perhaps you are also a collector of Confederate Dollars. Hasbro has some great Monopoly Money so you can continue to live in fantasy land.
I would also like to add that I completely agree with investing in U.S. securities as well as internationally. And to cover all the basis physical Gold and Silver should also be acquired by individuals. Anybody who says differently is trying to deceive.
Once upon a time, beaver pelts and beads were used as money. Now that they have developed stainless steel and a host of other metals, much of the uniqueness that made gold valuable is forever gone. And, in the same way beaver pelts and beads are no longer unique and useful, gold has lost much of its glitter. You ignore the simple truth that things change.
In some cultures they still trade sea shells as money. So whats your point. Bartering is the wave of the future? For 5000 years gold and silver have been money simply because of its durability and it can be divided. When the human race gets to the level of Star Trek or we can grow silver and gold in labs than the value of material needs will decline and society will be elevated. Unfortunately this won't happen in my life time.
The point is that 2000 years ago they had no other shiny metal that would not corrode. That is why gold was sought after. But, today we have stainless steel and a host of other metals as resistant to oxidation as gold. So, why would I trade for your gold when stainless steel is more useful??????????
I know, supply is less for gold so it is worth more. But, when it comes to trading for useful comodities, gold loses a lot of its shine that it once had when it was the only metal that would retain its shine. Of course its ability to hammer into thin sheets was also important, but, just about every quality of gold can be one upped by another modern alloy.
you're still arguing about the value of something tangible, NOW try convincing me why paper receipts with no backing have value, or are you trying to get the world onto a stainless steel standard? If so then you might be onto something, the point is own anything, any commodity you can think of is better than paper assets right now, gold is simply the most convenient and convertible of all solid assets.
Yes, inflation is greater than interest now. And, as a result gold is soaring. But, if we have a calamity, a market crash, a financial panic, a liquidity crisis, a depression, in all these events there will be very few dollars, real estate and all other investments will come down in value, the cost of food will come down, inflation will die a sudden death and gold will come crashing down to about the same as twenty one dollar bills because people with money will be buying food, not gold.
You wrote: I'm not forgetting they control the laws. I'm aware they are a small group, and in desperate times, law breaks down."
And, if this happens, food will be worth more than gold because no one will be asking themselves, gee, where can I find some gold. No one will want your gold and there will be no market for it. a few rolls of nickels will be safer to use and accomplish the same thing.
Economic data this week (jan 30, 2008) shows that US house prices were falling at their fastest rate since the 1930s.
If that sounds like inflation to you, better start with economics 101. If you think DEFLATION will cause gold to continue on its upward spiral and the dollar to decline, you won't ever understand it.
Financial panics are caused by fear. That fear has set in. Consumers provide 70 percent of the business revenue and consumers are scared. Banks are scared. They do not believe they will collect on their loans so they have made borrowing almost impossible. Housing is down because there is less money, not because there is more money. This is deflation, not inflation!!!!!!!!
Jon Nadler is a detestable scumbag, who has consistently ridiculed gold and gold buyers. Its ironic that he works at a gold selling firm. This firm doesn't want to see gold prices rise because they have sold a lot of PAPER GOLD to people and they cannot make delivery. This asshat said this stuff in 2007 when gold under $700. If you haven't started to accumulate some gold and SILVER yet - time's a-wasting and your dollar WILL be destroyed by govts and central bankers.
slvrizgold 3 weeks ago
just do opposite what you hear on TV internet or radio , you will be a very rich man or a woman my favorite is Jim Cramer guy is 99.9% wrong ,you virtually can not go wrong betting against what he says
VivaMydick 5 months ago in playlist Sell Gold immediately
if cup of coffee will cost $500 1 oz of gold will be 1 quadrillion
VivaMydick 5 months ago in playlist Sell Gold immediately
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donhonki1 7 months ago
Fiat Yields are better than Silver or Gold? Now that is truly funny ! ha ha ha.
TheSilverWatch 8 months ago
o hey cool vid!!! guess what phaggots im from the year 2011 and silver and gold are UP!!! hahaha jokes on u!
1370rivera 9 months ago
LOL If hes a commodities analyst, then im a fuckin brain surgeon.
dubstepTonme 9 months ago
Give him the benefit of doubt........ maybe he's trying buy more time so that people like me can buy more gold before the price shoots over the roof.
fhookheong 9 months ago
"Currencies are more liquid" he says. You bet! Especially when you keep printing more. Speaking of liquid, the tap has been turned on and money is pouring into the system.
6teezkid 9 months ago
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What a bunch of fucking cu**s...Hope these bunch of tossers rot in hell with a cast iron bars in their rectums!
marcusbrooks1776 10 months ago
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marcusbrooks1776 10 months ago
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marcusbrooks1776 10 months ago
Im ashame to be from MOntreal !! John Nadler is a IDIOT !!
bob78145 10 months ago 2
wrong again nadler
keitheeds 10 months ago
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buy-gold-earrings.blogspot.com
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spiderman420ful 10 months ago
Just a pair of scumbag criminals talking absolute shit.
shaund1970 10 months ago 3
gold aint gonna be worth crap when the new (electronic/digital money) is introduced to the world as a new world order money... the elite are wanting people to buy gold and silver... they put adverts on youtube, news, news papers etc. so i dont know what to say or belive.. usally doing the opposite works really well. but all i see from every joe is... buy gold - buy gold etc. think that would mean dont
X1REME 11 months ago
John Nadler is an idiot lately i did exact the opposite of what he was saying i did ok if i would have started to do the opposite earlier i would have done super ok.
just1believer 11 months ago
look at gas prices when we had silver quarters. You could get a gallon for one quarter. If you have that same silver quarter, you can still get a gallon. derp. why am i smarter than these sirs? i guess im smarter than a fifth grader
a10fjet 11 months ago
Without even watching this, I know whatever predictions that Nadler made were wrong.
fuzzywzhe 11 months ago
So u tell me which is long term and which is more stable? a very strict gold/silver based dollar which has never lost more than 3% of its value over the course of 150 years. or a fiat currency which is practically already worth less than the paper its printed on
swu880 1 year ago
Really? long term? now lets just see how much erosions been goin on- now since the US switched from the continental to a gold&silver backed currency, gold had only lost less than 3% of its value over the course of about 150 years
But since the fed came into being, we have lost 98% in less than 100 years! Why? well its very simple- inflation- aka counterfeit aka theft of monetary value through fraud.
swu880 1 year ago
Ya these people are telling you this because they are your "friends" lol. These guys represent banks who have to rely on paper (money) to operate. Investors purchased gold/silver etc shares from these sorts of people and when an investor does this the bank trades the transaction in money not actual gold so if you called in your investment they give you cash (paper) not actually the gold you have invested in. So he's going to tell you to stop buying gold/silver to keep demand low..vested interest
ImAnAcehole9 1 year ago
Skum
VivaMydick 1 year ago
to servive you must do exactly the opposite of what is adviced on mainstream!!!
kontoman 1 year ago
How can you not think that there will be a price correction when you create trillions and trillions of dollars out of thin air? They admit in the video that since 1913 the dollar has lost %95 of it value. Well in the past 2 years we have printed more money than we did in those first 95 years of the fed. What do you think the result will be? Think!
kellerj0 1 year ago
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check my channel for video's about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
i0am0a0daytrader 1 year ago
dollar can not break. Nuclear nukes is so good as gold
mazaleoni 1 year ago
This has been flagged as spam show
@mazaleoni "dollar can not break. Nuclear nukes is so good as gold"
What is the US going to do? Threaten to drop a nuclear weapons on China and all the oil producing nations if they don't sell us trinkets and oil cheaply?
Americans are freaking stupid fools.
fuzzywzhe 11 months ago
Manipulation
shazusa2000 1 year ago
don t trust a guy from Montreal
alex630710 1 year ago
welcome to the mean streets of wall street, oh brother..
whtswrngwthupeople 1 year ago
@onecoolgreek ROLF
m0vax 1 year ago
Never believe anyone wearing a suit and tie.
Eddytak 1 year ago
a keener scene of market timeing lol
AlbertInSanAntonio 1 year ago
Everyone google Ludwig von Mises.
Polypropylganda 1 year ago
this guy wrong
nazifdaniel 1 year ago
WTF, Are U stupid or what !!
bob78145 1 year ago
Credit cards need to move to where they once were for emergencies and large purchases. Hold only one checking account enough to bay bills. Screw CDs locks on your money?/? hell no. Metals for savings and a roof over ones head and stocks for investments. Mutual funds have to many fees and track the market too closely. G luck
PukkPukk 1 year ago
Want to hear another F to the U. Credit Cards? Many bank accounts??? checking accounts, joint accounts, CDs at crap rates... Paying to use your hard earned money with all of these.. Credit Cards you loose huge. Taking out mini loans each month. smacked with fees and interest rates and banking mistakes you do not catch= financial death for USA.
PukkPukk 1 year ago
Yeah right, central banks are net buyers not sellers people. If you want a good indication of a top in the gold price, watch "Tokyo Rose" AKA Jon Nadler. Once this guy turns bullish on the noble metal, it will be time to sell. How this guy can be taken seriously is beyond me. He has been dead wrong for years.
nomoreserfs 1 year ago
I know I should avoid ad hominem attacks, but I'm sorry, Nadler is the virus growing on mould growing on pond-scum. Hey Nadless, how about your prediction back in Q1 2009 that gold is going to $750? Oh, or how about your prediction years before that it's going to $300? How about that DOW Jon, below its 2001 level and gold quadrupled since then. I guess, like a broken clock, he'll will be right eventually. Suffice to say, I read his commentaries when I'm in need of a good laugh.
geeleegoat 1 year ago
then a year and a half after this interview, the market crashed, then, 5 months later it crashed again; gold and silver haven't looked back since. These asset managers don't necessarily like recommending gold because it's hard to make a commission off of it.
6503mike 1 year ago 2
We are forecasting $ 1400 and then higher using the Richardson/Bass Quant.
it is still Insurance against the Obama- nomics stimulus spending in a recovering world economy.
JackBassbusinessteam 1 year ago
Calling them wankers is a little too kind.A sad litlle shill for the gold cartel captures their sagging spirits.He hints at the problems but denies what the outcome will be."The sky has a tendency to stay up there" pal if your looking up.If you jump from a 200 storey skycraper it moves away from you pretty quickly,
Hellserch 1 year ago
This guy is advising sheeple to do the opposite of what Peter Schiff has been telling people to do.
" Peter Schiff on Glenn Beck 7-31-09 "Depression is beginning" video is still up here on u tube.
1cherrylane 1 year ago 2
"The Money Masters" documentary is still up here on u tube ( but who knows for how much longer) ..... watch it if u are interested in reality...... u can also google video search it to see the other sites that have the documentary online for viewing.
1cherrylane 1 year ago 2
Gold Prices
May 24 2007 --> $651.50 USD oz
April 20 2010 --> $1141.58 USD oz
1cherrylane 1 year ago 2
Wow it interesting to look back at these just to see how wrong these tools are. It's 2010 and had you bought in 2007 you would have made a lot of money. It's obvious these chumps should get fired! I suggest everyone should own at least 100 oz of silver and 5-10 oz of gold and continue on with life. If SHTF then you got some and won't have to pull apart you income earning investments.
qlcmusic 1 year ago
@qlcmusic yeah im doing it asap, and if gold does go down, i dont give two fucks. cos when the shit does hit the fan. the paper will be worth fuck all and i'll haqve the real deal!!!
earbud83 1 year ago 3
These people are LYING TO YOU.
(and he does it with a big smile on his face and a nice 'bank' check in his pocket) what a scumbag.
mydogjesus 1 year ago 10
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@mydogjesus What Obama could do to gold in peoples' hands /watch?v=dbrsI8S4Tro
vechorik 3 months ago in playlist gold collapse
what a dick. If people listened to this arsehole, they would have lost in a 200% increase in their savings. Buy gold NOW. and silver. These guys are fucking morons.
ToyMaster83 1 year ago 5
For a PMs dealer, Nadler seems hell-bent on discouraging people in the markets. =0[.]o=
Raycheetah 1 year ago
Once again, great call Jon.
Douchebag.
hrosemd 1 year ago
gold is controlled by the rothsclids and they controlled its vaule so raise price ppl bye lower price bye back make lots of money and keep the gold perfect plan lmfao lololololo hahah stupid sheep
scorpionsoulja 1 year ago
This has been flagged as spam show
search "gold scam" on krustbox (dot) com.
GrooveSafari 2 years ago
Spot gold is at US$ 1153.90 and silver is at US$ 18.81. I recommend that everyone sell their gold and silver. I'm happy to buy gold and silver to help people out.
Michael7477 2 years ago
two wankers wasting my time. they should go and fuck each other
bykashka75 2 years ago 4
Comment removed
GrooveSafari 2 years ago
"The wrong reasons to buy gold"
March 15 2007. the day this video was posted.
649$ was the price of ounce that day.
Nuff said.....
CobraCommander 2 years ago 3
Nadler = knucklehead
WorshipVideo 2 years ago 4
gold will run up then sell off big time.
if the dollar goes to crap how the hell
can you sell that gold????????
answer you can't, you still need money.
think people don't listen to all that fear mongering. The banker won't kill the dollar they need it.
golfdu222 2 years ago
@golfdu222 Some people believe that when and if the dollar goes to crap gold and silver can be traded for goods and services. And that no one will want dollars because they will be worthless.
Eltsacwenify 2 years ago 2
hope you are not right, but i fear you are.
golfdu222 2 years ago
@golfdu222 you can exchange gold for other commodities or you can sell the gold for other currencies.. gold is a currency by itself
tibchy144 2 years ago
@golfdu222 "think people don't listen to all that fear mongering. The banker won't kill the dollar they need it."
Why would banks need money?
You know what happens when a bank forecloses on a loan? They own the property that was foreclosed upon. If 1/2 of the country lets their homes go into default, and they are foreclosed upon, THEN the dollar goes to 0 - the banks have a ton of assets to sell all of a sudden, in any currency they decide.
fuzzywzhe 11 months ago
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Dont let people scare you about the dollar all other currancys are based on the dollar. Lots of gold salesmen are trying to scare you into buying their gold at high prices thats all.
IWashMyOwnBrain 2 years ago
Ha! Eat humble pie Mr Nadler. I can't believe I've seen this! At last I've seen and head the man who continuosly poo pah's the rise of Gold. why is he always wheeled out as an expert he knows nothing. How about India's recent acquisition of IMF's Gold Mr Nadler, how about China' gold shopping spree. This has got to be the most arrogant, smarmy smirky and WRONG information discusion I have heard.
LoopyLoo1000 2 years ago 2
The fed is driving down the dollar so the imf can offload its gold to asia. As soon as they have sold it the dollar will rise. Just look at a 50 year chart of gold. Its already made its move.
IWashMyOwnBrain 2 years ago
Bro.. The hedge funds are either mainly outside of the market or they are in gold. There is a gold rush coming, and it's nowhere near ready yet.
Adahondeayenh 2 years ago 3
Come on wash my brain !!! Are you telling me its the end of Gold's bull run? It may drop back a bit but $2,500 here we come. Just listen to those guys on the interview you don't wanna be sounding like that now :-)
LoopyLoo1000 2 years ago 3
Mountains "erode", economies get exhausted and collapse. What he states as erosion are actually schemes and manipulation of the markets to let the collapse happen over time. This gives these criminal enough time to come up with another scheme.
biped19 2 years ago
Exactly right. All these bailouts & government stimulous programs are only there to allow the wealthy people who own the goverment enough time to get there money out before the real collapse happens. The government is mearly transfering the loses made because of risky investments schemes & scams from the wealthy establishment (who own the government) to the public & future generations of workers. Gold is honest money, cant be printed by a bankrupt government & it is being re-monitised right now.
ChrisPCrunchy 2 years ago
Yeah these smirking fools obviously have no idea what they are talking about. Gold is nearly 1100 dollars right now lol. BTW it is expected to hit around 2000 by the end of 2010.
trent269 2 years ago 2
Exactly. So much for their sky is falling jab. The funny thing is sky has already fallen. The 3 wall street stooges of our government are printing more money than god.
biped19 2 years ago 2
Nice call dummy! Or should I say Andy. Gold is $1080. Have a nice day and say hello to your NY banker friends for me!
guppypartz 2 years ago
Both Nadler and the interviewer Constable are now officially MOTY (moron of the year) hall of famers. This means they no longer qualify for the annual award since, being so utterly stupid, other more worthy qualifiers would be unfairly overlooked. I'm going to miss seeing Jon's name up there every year. What an idiot.
gigie555 2 years ago
Its amazing to see real flesh and blood that perfectly reflect the wretched in "The Fountainhead". Nadler is the ultimate Peter Keating.
dleddy14 2 years ago
October 2009 $1,065. What a loser.
dleddy14 2 years ago
Jon Nadler is a hack. How does Kitco continue to employ this guy? BTW Kitco shipment times are the worst I have dealt with, I only buy from APMEX now.
May 2007 Gold: $666.86
May 2009 Gold: $928.64
Decide for yourself.
lintburger 2 years ago 3
There's no manipulation? China and other countries have not bought up gold? Where does this guy get his information? I guess he doesn't consider 300,000,000 ounces as not much.........no central banker manipulation or anything sinister to move price? Oh please!!!
iolanik 2 years ago
When gold starts to climb there is always a fake news story or a damn lie that countries will sell their gold and flood the market which is the last thing that is going to happen. Countries want gold now more than ever. Audit the Federal Reserve and boom gold will be $10,000/oz
elucidative 2 years ago
2:09 = FAIL ....... china doubled its gold supply of 800 tons
craaaazycarl 2 years ago 4
NEVER TRUST MONEX
Your life will be HELL!!!
theMonexshow 2 years ago 10
why do you say this?? I was considering getting some stuff from them!!!
tonybonez 2 years ago
lol...not deliberate indeed...what a shill...
3rdwitness 2 years ago
Jon wasn't right then and he's still off base now.
I don't think he saw/sees the big trends.
svenp 2 years ago
So,can anyone tell the people out there what to do now,is it really true that gold has the cycle like commodity has? Is it really advisable to buy gold at this date and at the price it is hovering now?
aunya78 2 years ago
Gold is going to go thru the roof , buy buy buy . No one wants the u.s currency everyone is decoupling from wallstreet .
ozzycriss 2 years ago
So what's he saying is market is going back up and again and gold is not the thing. Not that I would belive that at this date
drakflyga 2 years ago
Is there any other company rep on earth who gets funding to run around telling people NOT to buy what his company sells? While you're at it Nadler, why not tell us not to use Kitco because they are overpriced?
lorax2013 2 years ago
I forgot to mention that great invention of Benjamin Franklin: debt-free scrip. JFK tried to bring that idea back with his United States Notes but got a bullet to the head for trying to take the Fed's power away to loan money to the U.S. at interest.
InfiniteMushroom 3 years ago 3
Three kinds of money, people. Real, fiduciary, and fiat. Real money has intrinsic value with no counterparty risk i.e. gold, silver, platinum, etc. Fiduciary money is a paper representation of real money. Physical supplies of real money keep a lid on how much paper can issued to represent it. Fiat is backed by pledges of anything that investors will accept: taxes, real estate, usury, dividends, derivatives. Fiat is self-destructive because it demands new sources of wealth until none can be found
InfiniteMushroom 3 years ago
This comment has received too many negative votes show
Gold is a world currency, hur?
Ever heard of dollars, Euros and Yen?
You can exchange them anywhere in the world for stuff, they're easier to carry and you won't get ripped off as the exchange rates are easily found in all banks!
FIRST try getting your gold bar through customs and SECOND try exchanging PART of it for something and getting change... take bolt croppers! I hope you are physically strong carrying all that weight around!
OR carry a goat under your arm! Just as useful!
flangelet 3 years ago
you can exchange gold anywhere in the world for the local currency. You can carry a bunch of coins through customs any day. its only a coin "collection".
kensho3 3 years ago
Really? Tried it recently?
LOL another misinformed chump!
flangelet 3 years ago
You know you have to leave with the SAME quantity you entered with, right? Otherwise its trafficking?
You know cannot travel with bullion? Unless you like confiscation, importation charges or being charged with money laundering or avoiding tax.
And you know many countries like to be informed beforehand on the quantity you intend to import?
Ever tried insuring gold bullion while moving between countries as an individual?
LOL
What you gonna do, shove where the sun don't shine and PRAY?
LOL
flangelet 3 years ago
what are the restrictions? enlighten me.
kensho3 3 years ago
Which country are you travelling to?
flangelet 3 years ago
no immediate plans but South America, as an example. Lets say Chile.
kensho3 3 years ago
Dunno. Ask their consulate. You cannot just waltz about the world with bullion in your pocket. In some places it is illegal to import it without the right papers and you could get it confiscated, be thrown in jail or worse!
It's not like money... even some countries make you declare the cash in your pocket if over a certain value!
Stay lucky... read more!
flangelet 3 years ago
i dont see any problems to go visit any country in south america , chile is nice , uruguay much better check in internet , get cash an credit cards you are welcome
gus19668 2 years ago
Tell me about the gold price following the oil price?
Put up or shut up.
If the economy is tanking, with up to 2 million more jobs yet to go as yet manufacturing is exported to cheaper Asia, why is gold falling again?
PLEASE TELL ME!!!
I know... do you?
flangelet 3 years ago
tell me...
GIA13615093 3 years ago
It's just a commodity. So it follows the commodity indices ... although there is a legacy market which sees it as a hedge against capital losses in some backward parts of the world where currency trading is discouraged by an anti-foreign bias... such as the usa. Everywhere else currency trading is used for capital protection.
flangelet 3 years ago
In this latter respect, part of the price changes follows changes in the confidence indices... choose one & look at the graph, rebased using commodity index changes!
That resulting graph is called the graph of the changes in the gold price!
QED
flangelet 3 years ago
this is great info
now i know who to not trust
wangboren 3 years ago 2
Jon Nadler??? Ha! Ha! Ha! The buy is a Moron who won the "Moron of the Year award" with Gold pundits like Bill Murphy!!
Jon, you are bloody Moron!! Get the hell out of the industry you mindless bankrupt moron!
RockJawTitus 3 years ago
I think they forgot to mention that gold is a shiny metal. Shiny metal is prettier than a colored piece of paper.
^.^
i10azns 3 years ago
The shiny metal is prettier than digital dollars on bank statements too. But digital numbers earn interest and builds hospitals and schools and silver sits there like a lump helping no one.
Gold and Silver love is the height of greed and has lead to more financial failure than any other investment since the beginning of time.
ForTheRecord101 3 years ago
Yes. The prettiness factor is a wrong reason.
^.^
i10azns 3 years ago
i agree now is the time to sell gold - not buy
Glass232499 3 years ago
Very interesting, and kitco -d-o-t- com has well respected annalists. But of all his arguments, the weak one is that 'the sky will stay up there' In fact the government just dumped one 'DOD' worth of bucks on the market and will dump more soon as other institutions collapse.
Re. gold's long term retention of value. Gold has underperformed the inflation adjusted stock market both 1913-date, and 1980-date, though not by much. It is a safety net, not a long term investment.
AryaStarkFan 3 years ago 2
This comment has received too many negative votes show
Toe nail clippings = Gold
meatcannon 3 years ago
LOL - I guess Jon will be one of the first "used-to-be" wealthy folks in the soup line.
coffeegirl2000 3 years ago 12
well said
sirpico123 3 years ago
figures the street crew has it wrong again
JIAsrMS 3 years ago
Gold has a standard and has an actual "worth" in the world. Personally though i would trade it in for food, and items that I could actually "use" now.
PSDTeam1 3 years ago
just shows you this git didnt know what the hell he was talking about !!!!
ridgebackrosco 3 years ago 3
In terms of a savings account, I believe that gold as a savings is much better than saving your money in the bank. The interest rates that we are given today are working against us when looking at the rate of inflation. Gold always outperforms inflation, and will work in your favor. Hence 1000 in Gold in 10 years vs 1000 in a savings account will always be the better move. Please respond if you agree or disagree.
PukkPukk 3 years ago 27
I strongly agree with you.
btbking 3 years ago
I agree. e gold is a reputable place that has been around for over 10 years now.
ratednine 3 years ago
@PukkPukk You're right, but I think gold is as secure as Swiss Bank Accounts used to be before the authorities stepped in. Meaning, it probably won't go up anymore, but it definitely won't go down. Money can be manipulated much more, which is why it's going down. So basically the way things are going now, it's either gold or nothing. Am I right?
GaryVonGary 1 year ago
@PukkPukk I agree with you 100%. Gold is the ultimate store of value. It has no liabilities and no counter party risks. If a government decides to inflate or devalue a currency, they are in effect robbing you blind. It is the ultimate insurance. It protects your hard earned wealth. Let us take a look at the poor man's gold (silver) for example. A pre-1964 silver quater would have bought you a gallon of gas. That same quarter will still buy you that same tank of gas.
nomoreserfs 1 year ago
Jon Nadler is a shill
Sclorched 3 years ago 4
This Nadler guy is worthless. Here's the format of a typical Nadler "article":
Part 1: The price of gold/silver/oil went up/down yesterday, and is ready for further drops.
Part 2: Mr. mainstream economist from Bloomberg/TheStreet says "gold is too high/silver is too high/oil is too high".
Part 3: Watch out for surprise drops.
Part 4: "Happy trading".
Evidently he's incapable of providing an analysis of his own. Like I said, the guy is worthless.
scott715 3 years ago 6
Um ... the sky is falling (slowly).
1998 Russia:
"The middle class that was already forming by that time, and had some hope for stability, ceased to exist as millions of people lost their entire bank savings"
Argentina 2002:
"Restrictions on savings were imposed in December last year to stop a run on bank accounts."
Times 2007:
US bank collapse is largest in 14 years
... "investors are nervous that other American lenders could go bust as the housing-market collapse continues."
...
DangerousCombination 3 years ago 2
Urgent message from the chairman of the federal reserve:
Peons, deflation looms, and your all caring FED is working to protect you from the ravages of overvalued currency. But our fingers are tired, and we are falling behind!
We call on you, the smelly rabble taking up space in the bankers' empire, to aid us in our fight!
All are hereby ordered to make the best possible copies of any denomination of currency and spend wildly!
idiotmonger 3 years ago
Nadler is an idiot.
He seems to be worried due to the fact that people are starting to question the metal market.
First, for every ounce of silver, there is about 90 paper ounces. (I'm not sure what the ratio is for gold, but there is far more paper gold that real gold.)
Second, Nadler seems to think it is OK to have 1, 2 and even three months delays when buying from a mint or a dealer. It is NOT OK to have to wait that long. The turn around should be days at most, not months.
CaviarClub 3 years ago 6
Good post cc.Silver today is $17.50 spot while physical SAE are going for $25 plus on EBAY.
Balderise 3 years ago 4
I've noticed that. I think many sellers on ebay are making a killing with the prices people are paying. I payed $20 per coin in a roll of SAE when the price was $19, which is fine with me, but I saw "buy it nows" for almost $500 and people were buying them.
I think on ebay people are getting a little lazy, but it shows you where some people are thinking... having some silver in case of collapse or profit potential, yet the ones selling are reaping the profits from buying in 2000.
cowboycarl04 3 years ago
A lot of people think Jon Nadler is a big water carrier for central banks and Money Center Banks, trying to keep the price DOWN. I'm not sure, but if I was him I'd wipe that smirk off his face, considering that gold went up 50% since this video was broadcast 1.5 years ago. He's already had his boss at Kitco threaten Jason Hommel with a lawsuit.
ItsFazsha 3 years ago 4
and they have a strong military power that the moneymen can't touch the reason the WANT war between usa/israel n iran Russia but that may well be the end of them
polygamous1 3 years ago
This comment has received too many negative votes show
gold sucks... its worthless
mojokiss 3 years ago
Wrong. You on the other hand, might be worthless.
You probably do not have any money or assets. Virtually all of the truly rich own silver and gold. Who would I listen to? You, a poor 32 year old wasting time on a lame website, or Bill Gates, Jim Rogers, Soros (the very wealthy)?
So, brainiac, are you telling me that printed money, paper, is actually worth more?
Gold and silver only suck to you because you can NOT afford any. That is pretty sad considering how cheap they are today.
CaviarClub 3 years ago 4
good for u keep you "valuable" dollr bills to wipe u r tears with when the uys dollar becomes totally worthless but am sure u r money is kept in other currencies maybe property gold filver u love to see the others lose as that will make u richer
polygamous1 3 years ago
Kitco has these so called "gold pools" I think they sold a lot of gold they DO NOT OWN.
This is common. Most people who think they own gold and silver (unless they have it at home, in a vault and so on) do not own it. They have a scrap of paper. There is 5-10 times more paper silver / gold than real.
For the last 2 years, most people buying silver and gold from mints have had to wait 2, then 3, then 4 months for their orders to arrive.
Now,most mints are only shipping to dealers.
espouse 3 years ago 6
gold rules and it will rule in a 1000 years,
rich232399 3 years ago 4
I've been warning all of you. Gold will go back to $300 an ounce, or less if this recession deepens!
Gold only goes up with inflation and we are having deflation. The "printing presses" are not keeping up with the mortgage write offs.
There is a lot less money in the economy now than there was a year ago. So, the money supply and dollar value have little to do with the rising prices in consumable commodities. Nor do these prices reflect supply and demand. This is price manipulaton.
ForTheRecord101 3 years ago
Mortgage write-offs? Do the math. Average US mortgage $200K. Average US mortgage monthly payment $2K. If 10 million mortgage payments were 120 days late that's only 80 billion US $...so why did the TARP need to be $800 billion? Simple answer. It was a lie. US homeowners are easy scapegoats for the big lie. Bear Stearns, Morgan Stanley et al lost 800 billion in one day when they couldn't cover the spread in the Auction Rate Security market in Feb 2008. The Arabs & Chinese said "no mas".
RubenCLeon 2 years ago
A gold dealer telling people not to buy gold. Now why would he do that? His incentive should be to promote gold since increases will make him money. Yet he doesn't do that, why?
Could it be because he was told to do it? Maybe Central banks can't keep up with demand because they don't have enough gold and the system is slowly nearing collapse.
Or maybe I am just paranoid.
tk421missing 3 years ago 9
The Central Banks sold a huge amount of gold in April. This is the key reason the price dropped so much.
As all the currencies decline further in value, they (Central Bankers) will feel pretty dumb about the sale.
Nadler and others may be getting money from the Central Banks. In the past, mining companies were paid in strange ways by the Central Bankers.
We are seeing the last desperate moves by the banks to prove that silver and gold is bad, and paper money is good.
lllllllNewTVlllllll 3 years ago 6
I know that they were cannibals and astrolgers but WHAT IF the Maya were right 12/21/2012 is the beginning of a New Age (By the way the beginning of this current age was around 3200 BC around the time that STONEHENGE was started... WHY was it built? What did this do to change our world?) We a part of something bigger than we know. "Imagination is more important than knowledge"-Albert Einstein
alby711 3 years ago
two reasons first when money colaspes only gold n silver will have any value so the average person loses all he got the money men have all the gold IE all the wealth
cause now they only own 60& of the world money
after the colaps they'll owN everything! the new masters of the world
where i loVe to live when the colLaps comes? RUSSIA they owe NOTHING NOT A FARTHING n have the real wealth the money men didn't manage to control they almost did but for MR PUTIN they got oil n gas n owe FA
polygamous1 3 years ago
What's Nadler's accent?
l00k33 3 years ago
I think he is right, rightfully stupid.
moniequa 3 years ago 4
Jon Nadler - examining a megatrend with a microscope! All these tiny bits of news regarding supply and demand he juggles to come up with some maybe forecast about where gold is going. The sky is falling in on the financial world Jon. But eventually gold will fall and you'll get your moment of glory :)
BarnabyM 3 years ago 2
This guy's been bearish in his commentaries as gold has gone up about 50% in one year. Every time there is a slight correction to the downside he gets all told-you-so ish, but the corrections are short-lived. I reckon he's a d***h**d! Analysts!!
BarnabyM 3 years ago
consider junk silver, that is pre 1965 USA dimes, quarters, and half dollars. well recognized as money and trusted by those of us who remember them.
ehswan 3 years ago 2
Junk Silver is way too high right now. It will come back to a fraction of what it is now. But junk silver is a stronger investment than gold because it has more uses.
ForTheRecord101 3 years ago
Aside from dis-spelling some minor myths about gold there are several reasons to own gold. 3 reasons: no fiat monetary system has ever survived - check your history books. Gold demand is growing. The purchasing power of the dollar is plummeting while gold holds value. 'nuff said I think.
arfywarfy 3 years ago
NO NO NO. WRONG WRONG WRONG!
Let's say that you have 100 000 $ in paper money. There is an ''inflation'' that's eating away from the PURCHASING POWER of your paper money. If there will be a crash, yow will be stuck with a load of worthless paper in your hands. However if you used your 100000 to buy a house, honey, wood, bricks , gold or silver or scrap steel, -YOU WILL ALWAYS HAVE SOMETHING OF VALUE THAT YOU CAN SELL OR EXCHANGE FOR OTHER GOODS. PAPER MONEY is the everlasting govt prank on us!
bububeta 4 years ago 3
The fed is dropping the interest rate because the money supply is dropping precipitously. All those billins of dollars written off are dollars now gone. The amount of currency in circulation is nothing compared to the amount lost in mortgage banking. Banks create money by lending. Bank lending is slowing so there is a real threat that the money supply will decrease. This is deflation, not inflation.
ForTheRecord101 4 years ago
if those dollars weren't repaid, then they're still in circulation, PAYING the loans decreases the money supply, not FAILING to pay, if you fail to give the money back to the bank, then how are they suppose to take the money out of circulation, that's fuckin stupid.
luke666808g 3 years ago
Gold will always have some value because people have a fascination with it.
ForTheRecord101 4 years ago 2
Gold is money and will always remain money.
Ex: A South Vietnamese refugee family fleas Vietnam during the communist take over in 1975. The family arrives in the U.S. with 17 Gold Coins and would like to get a loan to start up a small business in the U.S. The U.S. banker gladly agrees to accept the gold coins. Now if the refugee family had been holding South Vietnamese currency they would be out of luck! Gold and silver give power to the little guy and keeps government in check.
dcidave 4 years ago 2
Vietnamese currency is not US currency. The first thing your fictitious vietnamese family did was exchange the gold for US currency so he could spend it on food and a place to live. And, if there is a depression, you will have to dig up your gold and exchange it for currency because gold is not money. Gold is a commodity that has been used no where near as commonly as silver, copper or nickel have been used for money.
ForTheRecord101 4 years ago
Well tell you what, I will gladly exchange any world currency you want in exchange for gold or silver. Perhaps you are also a collector of Confederate Dollars. Hasbro has some great Monopoly Money so you can continue to live in fantasy land.
dcidave 4 years ago
I would also like to add that I completely agree with investing in U.S. securities as well as internationally. And to cover all the basis physical Gold and Silver should also be acquired by individuals. Anybody who says differently is trying to deceive.
dcidave 4 years ago
Once upon a time, beaver pelts and beads were used as money. Now that they have developed stainless steel and a host of other metals, much of the uniqueness that made gold valuable is forever gone. And, in the same way beaver pelts and beads are no longer unique and useful, gold has lost much of its glitter. You ignore the simple truth that things change.
ForTheRecord101 4 years ago
In some cultures they still trade sea shells as money. So whats your point. Bartering is the wave of the future? For 5000 years gold and silver have been money simply because of its durability and it can be divided. When the human race gets to the level of Star Trek or we can grow silver and gold in labs than the value of material needs will decline and society will be elevated. Unfortunately this won't happen in my life time.
dcidave 4 years ago
The point is that 2000 years ago they had no other shiny metal that would not corrode. That is why gold was sought after. But, today we have stainless steel and a host of other metals as resistant to oxidation as gold. So, why would I trade for your gold when stainless steel is more useful??????????
ForTheRecord101 4 years ago
I know, supply is less for gold so it is worth more. But, when it comes to trading for useful comodities, gold loses a lot of its shine that it once had when it was the only metal that would retain its shine. Of course its ability to hammer into thin sheets was also important, but, just about every quality of gold can be one upped by another modern alloy.
ForTheRecord101 4 years ago
you're still arguing about the value of something tangible, NOW try convincing me why paper receipts with no backing have value, or are you trying to get the world onto a stainless steel standard? If so then you might be onto something, the point is own anything, any commodity you can think of is better than paper assets right now, gold is simply the most convenient and convertible of all solid assets.
luke666808g 3 years ago
I agree... this guy probably has all his investments in cash form... saving his butt....
xelenty 3 years ago
ForTheRecord, I think what dcidave is implying is that gold is a world currency therefore he can go to any country and exchage it for their currency.
viparisto 3 years ago
Yes, inflation is greater than interest now. And, as a result gold is soaring. But, if we have a calamity, a market crash, a financial panic, a liquidity crisis, a depression, in all these events there will be very few dollars, real estate and all other investments will come down in value, the cost of food will come down, inflation will die a sudden death and gold will come crashing down to about the same as twenty one dollar bills because people with money will be buying food, not gold.
ForTheRecord101 4 years ago
You wrote: I'm not forgetting they control the laws. I'm aware they are a small group, and in desperate times, law breaks down."
And, if this happens, food will be worth more than gold because no one will be asking themselves, gee, where can I find some gold. No one will want your gold and there will be no market for it. a few rolls of nickels will be safer to use and accomplish the same thing.
ForTheRecord101 4 years ago
The further this recession deepens the more dollars you will lose in your gold investments.
ForTheRecord101 4 years ago
Economic data this week (jan 30, 2008) shows that US house prices were falling at their fastest rate since the 1930s.
If that sounds like inflation to you, better start with economics 101. If you think DEFLATION will cause gold to continue on its upward spiral and the dollar to decline, you won't ever understand it.
ForTheRecord101 4 years ago
Financial panics are caused by fear. That fear has set in. Consumers provide 70 percent of the business revenue and consumers are scared. Banks are scared. They do not believe they will collect on their loans so they have made borrowing almost impossible. Housing is down because there is less money, not because there is more money. This is deflation, not inflation!!!!!!!!
ForTheRecord101 4 years ago