What is all this talk about gold/silver bubble? This is real money and always has been its just that the west has labelled them into commodities...in the east they really are precious and considered wealth. Real physical gold prices will never crash, if they did every last indian and china man poor or rich, by hook or crook will hoover it all up... there will be no bubble...
What is all this talk about gold/silver bubble?? This is real money and always has been its just that the west has labelled them into commodities...in the east they really are precious and considered wealth. Real physical gold prices will never crash, if they did every last indian and china man poor or rich, by hook or crook will hoover it all up... there will be no bubble...
Mr. Davies shows remarkable poise. Why on earth would the US sell any gold here? They're in the catbird seat with twice the reserves of their closest competitor. China has virtually none. They've got lotsa paper though, bagholders.
Please keep up the great work Ben on educating people, specially the reporters that interview you that don't see or understand the big picture and are only focused in the short term price action.
agreed. the supposed broadcast journalists on this segment were screechingly annoying and obsessed with seeking conflict. Ben is lucid, considerate and discusses real issues. I wish he had the chance to expound on real issues without the hyper tension.
Interesting viewpoints on China, and the end game for Gold. The question for the talking heads on CNBC that Davies could ask is: What is the end game for the dollar?
@thedanesaregreat I guess Gordon Brown never got the memo when he sold England's gold. It is also debated whether or not the gold is in Fort Knox since they don't have real audits anymore and refuse Germany's demands to return the gold they were "safekeeping" in Knox!. I wonder how much gold the owners of the banks that own the Federal Reserve hold? Those are the faces that are never in the media they control.
@CoinsFreedom dear sir did you hear that the late eddie george stated in front of witnesses that the uk gold was sold to prevent the collapse of AIG/rothschilds.
Apart from Ben, these guys have no clue about gold. They still believe in the paper market. Also, one said that all bull markets end. Well, my response to that is: The PM bull market will end when the paper market stops losing value; which is not going to be anytime soon, if in our life time.
America would never sell their gold on the market for current market prices, they'll just print more money.
This is why they do print money because the rest of the world still accepts the printed money. To answer what would happen if the US did not have the full 8000 tons, they would simply have to pick a higher price to devalue. Instead of $53,000 at 8,000 tons, it would be $106,000/oz at 4,000 tons.
Silver will have a different pricing mechanism. Study rhodium and palladium for possibilities.
even if the US does have the gold it says, if they were to sell it as suggested in the video in an effort to raise cash it would only be approx $360bn at todays prices. That sum would only pay 8 months worth of interest on thecurrent US national debt. ie. taxpayers pay $53bn a month just to cover the interest alone on the national debt.
What effect would it make if America doesn't have the 8000 tons of gold that hasn't been audited for many years. It would explain why they keep printing money as they have no other way out. I think it would put the price of gold through the roof. There is less silver in the world than gold, so what could its price be in the coming years ?
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What is all this talk about gold/silver bubble? This is real money and always has been its just that the west has labelled them into commodities...in the east they really are precious and considered wealth. Real physical gold prices will never crash, if they did every last indian and china man poor or rich, by hook or crook will hoover it all up... there will be no bubble...
sidkings 1 year ago
What is all this talk about gold/silver bubble?? This is real money and always has been its just that the west has labelled them into commodities...in the east they really are precious and considered wealth. Real physical gold prices will never crash, if they did every last indian and china man poor or rich, by hook or crook will hoover it all up... there will be no bubble...
sidkings 1 year ago
Mr. Davies shows remarkable poise. Why on earth would the US sell any gold here? They're in the catbird seat with twice the reserves of their closest competitor. China has virtually none. They've got lotsa paper though, bagholders.
prezmonk 1 year ago
Please keep up the great work Ben on educating people, specially the reporters that interview you that don't see or understand the big picture and are only focused in the short term price action.
ez2splat 1 year ago
@ez2splat
agreed. the supposed broadcast journalists on this segment were screechingly annoying and obsessed with seeking conflict. Ben is lucid, considerate and discusses real issues. I wish he had the chance to expound on real issues without the hyper tension.
fuddled 1 year ago
Interesting viewpoints on China, and the end game for Gold. The question for the talking heads on CNBC that Davies could ask is: What is the end game for the dollar?
DWARVESDEN 1 year ago 2
Selling Gold by Governments Never ....what Sell the Real Money ! Are You Nuts.
thedanesaregreat 1 year ago
@thedanesaregreat I guess Gordon Brown never got the memo when he sold England's gold. It is also debated whether or not the gold is in Fort Knox since they don't have real audits anymore and refuse Germany's demands to return the gold they were "safekeeping" in Knox!. I wonder how much gold the owners of the banks that own the Federal Reserve hold? Those are the faces that are never in the media they control.
CoinsFreedom 1 year ago
@CoinsFreedom dear sir did you hear that the late eddie george stated in front of witnesses that the uk gold was sold to prevent the collapse of AIG/rothschilds.
optionsupdate 1 year ago
An excellent interview. I think Davies puts things out there quite clearly.
tacitus7 1 year ago 3
Apart from Ben, these guys have no clue about gold. They still believe in the paper market. Also, one said that all bull markets end. Well, my response to that is: The PM bull market will end when the paper market stops losing value; which is not going to be anytime soon, if in our life time.
codematrix 1 year ago 2
America would never sell their gold on the market for current market prices, they'll just print more money.
This is why they do print money because the rest of the world still accepts the printed money. To answer what would happen if the US did not have the full 8000 tons, they would simply have to pick a higher price to devalue. Instead of $53,000 at 8,000 tons, it would be $106,000/oz at 4,000 tons.
Silver will have a different pricing mechanism. Study rhodium and palladium for possibilities.
TheFinnmacool 1 year ago
even if the US does have the gold it says, if they were to sell it as suggested in the video in an effort to raise cash it would only be approx $360bn at todays prices. That sum would only pay 8 months worth of interest on thecurrent US national debt. ie. taxpayers pay $53bn a month just to cover the interest alone on the national debt.
toutl 1 year ago
What effect would it make if America doesn't have the 8000 tons of gold that hasn't been audited for many years. It would explain why they keep printing money as they have no other way out. I think it would put the price of gold through the roof. There is less silver in the world than gold, so what could its price be in the coming years ?
eyeswideopennimrod 1 year ago