There is definitely a Gold rush right now!! But are you aware that Gold, Oil and the whole Futures Market are all controlled by a computer program?You don't believe me? Come view my profile, watch my videos and visit my website and you'll see what i am trying to expose to the world!
Looking at these comments.......well a lot of Gold fans are pretty fucking stupid. If you watched the video in to the end, you would have realized that this poster agrees with you........that gold was NOT going to go down. Of course, you would have had to watch the video till the end. But you obviously didn't. What you did do, is see something you didn't like, and throw a temper tantrum with bothering to investigate. Pathetic.
What if there were truly a secret that nobody knew about with respect to the Gold trading? And what if the very thing everybody thought were true about Gold trading, was actually the exact opposite of the truth? Come visit our website and learn the secret that produces 90% success ratio jut Google Gold trading Academy.
As of now, Gold has fallen alright.... fallen from $1920/oz to $1640/oz.... I suppose in a few years it will have kept falling... from $2400 to $2000.
@maumad103 listen to what I have to say and who said this before making these comments. I would imagine people would be educated enough to do something simple like this. Please replace the NOUNS with the correct person.
@endlessmountain You are obviously not educated on this subject, learn the fundamentals of a healthy economy, then compare them to the US, then look at history what happens when they are not present. Precious metals are going to keep climbing until the economy is healthy again. Right now it's not, even though some people get fooled by temporary 'recover' which in reality is fake recovery.
you have it backwards...the dollar is collapsing and becoming worthless. Gold is ALWAYS in an inverse relationship with the dollar, inflation and the state of our economy. it will hit 2000 by the end of 2012 of not sooner.
GOLD IS THE CURRENCY OF THE ELITE, ITS GOING TO JUST ROCKET UP IN THIS YEAR AS SHOWN QUITE CLEARLY IN THE CHARTS. LET GO OF ANYTHING THAT HAS TO DO WITH THE STOCK MARKET OR THE USD BECAUSE IT IS DEVALUATING!!!!! ITS GOING TO DEVALUATE UNTIL IT'S DEAD AND YOU WILL BE SLAVES TO THE ELITE. BUY AS MUCH GOLD AND SILVER AS YOU POSSIBLY CAN BEFORE ITS TOO LATE!!!!! AND DON'T STORE THEM IN YOUR LOCAL BANK BECAUSE THEY ARE GOING DOWN WITH THE REST OF THE ECONOMY!!!!! WAKE UP!!!!!!! LEAVE THE STOCK MARKET
Not quite yet but it will fall. Remember that gold produces no income, interest or dividends and its price depends solely on supply and demand or market sentiment.
Anyone who invests heavily now is a sheep and sheep are stupid.
You invest in Gold you don't own gold, all you have is paper. If everyone tried to change that paper to the real stuff there would not be enough gold. If thtas not a warning then everyone deserves to lose.
Silver supply is less than gold, because it's rarer.
What a joke! If this is what anti-gold advisors sound like, then we who actually own real, physical gold are going to be fine. Good luck, you clown, convincing humanity to let go of something precious it has used as a standard of wealth for its entire recorded history.
Gold is money that can't be overproduced. The largest populations on the planet value gold above all.
The fact that gold is not dependent on industrial demand is good for its value as a hedge against a depressed economy.
The people who are behind the criminal money system will tell you it is going down BECAUSE THEY ARE PAID TO LIE!! Wake up, all fiat dollars are going to fail just like they have done every single time in history. Government printing money has always crashed in history and will be always. Paper money is nothing more than a spell when an ounce of gold is still a spell.
stop the nonsense. gold is an insurance policy. something you keep in your portfolio (or home) regardless of it going down or up. gold, in reality, only gains or loses value when more gold is found or mined. so , people, you should not invest in gold to make money, invest in gold to preserve or insure a certain amount of wealth in case of collapse. the only reason gold is up is because of dollar flooding. if fed pulls back (unlikely), then gold will begin to fall back. GOT IT?
He ignores "scarcity." With the titanic numbers of Dollars that have been generated, the dollar's scarcity is inevitably going to go to ZERO. Everything else must comparatively be worth more Dollars.
Phony gold and silver was created to fake people into thinking these metals were not scarce. But real gold & silver are extremely scarce right now. When people catch on, the government will make it illegal to own gold & silver to keep the legal price down.
Gold doesn't need a phsical use for it to have value!
All humans and civilisations, that I am aware of, over millenia have unanimously decided that gold is real money, the arbiter of value.
You would have to get all humans to simultaneously agree that gold has no intrinsic value, and that's not going to happen, it would take an international revolution.
I might not like it, you might not like it, but that is what we as a species have decided for ourselves.
The ONLY thing that is going to be crashing is SOCIALISM . The "Great Society" is ENDING. The "NEW DEAL" is dieing and it's a long over due for it's MUCH deserved death.... What will happen to the USA,,, Just ask any Russian who was living in the USSR during 1991 - - As far as Gold it will go up BECAUSE we have a $14,000,000,000,000.00 deficit,,,,, That's REAL, who will pay for THAT?? INFLATION is the only answer!!!! Gold $3500.00 by 2015
it looks like a bubble but maybe it is not? maybe the rich are buying the physicals to protect their wealth? and that price will never come down again. gold for cash or cash for gold? we on a dollar standard not a gold standard, gold is backed by dollars not dollars backed by gold. so they are trying to protect themselves or just use the metal to make more greedy money? i dont know.
Gold and silver only buys food in a big down turn. Buy ground outside of the over regulated US and grow what you need. My family and I just bought a small Biospharm in Cayo, Belize. If you want some more info email me. Darinsmith@inbox.com
The Euro is now doing fantastic. $1.40/euro! Gold is up at $1350 now. It's a crash for sure; only the crash is not in gold but of the Federal Reserve Note Bubble.
Well, that m-fer was pretty wrong wasn't he? Now gold is at $1,300 Gold won't even go below $1,000 for the next several years. The ills of the US economy aren't going to get any better, which means confidence in gold will continue to increase.
for gold to make its 1980's high in inflation adjusted terms it needs to be about $2,400. so it has some catching up to do, and it probably will; historically over the centuries it has readjusted itself to match all the bullshit paper currencies over the world. Even though we have inflation you would find it in home prices but in food and staples; the CPI is manipulated to lie about real inflation. A pound of chicken breast was 1.69 last year; today is 2.39 WTF?
wrong-the dollar is going down, every indicator points in this direction. the Fed's "exit strategy" will not work. see Bob Murphy's vid on this topic, he explains it very clearly.
Oh yeah CNBC ALWAYS gets it right, they were putting a buy rating on the investment banks before an utter collapse and share price folding. CNBC and Fox lost all credibility unfortunately.
Shows you how much the media knows. Since the video posting of Feb. 25, gold has never dropped below $1000. Within 4 months has made new highs hitting $1265. Over 20% gain in 4 months due to economic chaos. Gold is currently retracing a bit but seems to be poised for another move to the upside within a few months. Talk of another stimilus and the double dip recession only makes gold more bullish. Stay tuned haha
The market is being manipulated. I dont know where gold is going. All I know is it will never be zero. If it does hit zero, ill be glad to come by and take it off your hands. Thanks
One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
It's funny, you made this video while gold was down, which was the same time I got my income tax refund. I spent it all on gold and silver. Gold went to record highs. I don't think gold will ever go below $1000 again, and silver $15.00. They're both going up from here.
@TYX91101 - I don't really think so. The fundamentals that have lead to a lack luster stock market and strong gold prices over the past decade haven't changed. Could there be short term weakness in gold. Sure, that's true of any asset class even when it is a strong secular bull market, which gold is. Unless government and fed policies change significantly the next 10 years will look much like that the last 10: stocks going no where and gold exploding.
Gold and silver is the wealthy man currency, NOT MONEY but Gold and Silver ok !! In the capitalistic world we live in the wealthy always survive because they invest in assets - gold and silver and property and crops etc - not paper like us ordinary folk. Do not believe this video. And for pity sake keep hold of your gold for when the market and currency collapse it will be all you have to barter with. The NEW WORLD ORDER are banking on us not having anything to barter with !!!
Gold and silver is the wealthy man currency, NOT MONEY but Gold and Silver ok !! In the capitalistic world we live in the wealthy always survive because they invest in assets - gold and silver and property and crops etc - not paper like us ordinary folk. Do not believe this video. And for pity sake keep hold of your gold for when the market and currency collapse it will be all you have to barter with. The NOW are banking on us not having anything to barter with !!!
@curiousgeorge1940 It went down today back to the level it was find support. I see it over sold right now. It has only went up around 20% from the 1,000 breakout. Now when you look at how we should which is inflation adjusted it is way OVER SOLD and WAY TOO LOW, and its gotta go up because of this.
The shorts are going to scream very soon based on the problems with the comex and the paper gold/silver market.
It's a bubble. Like crude oil and the Nasdaq in 2000.
Gold topped in 1980 at $850 - interest rates reached record highs that same year and receded with the gold price. Interest rates are currently at all time lows. Where's the inflation? Gold is being played as a commodity, not an inflation hedge. And it's way out on a limb. Fasten your seatbelts.
@TYX91101 Inflation is in energy, metals and food and im sure other things are also going higher. Golds at 1200 and you are saying its inflationary and you have given me no reason to show me its topping. When you look at the chart it is very bullish. Take a look at the 200 MA on all time frame from daily to monthly and its below the 100 and below the 50 and they are all rising. Rel Strength on weekly and on are very strong and fundamentals are strong also. You long equities? LOL haha
@TYX91101 Gold is not in a bubble. The fed is not going to be able to raise rates when prices start spiking because of the current housing/unemployment situation so all the smart money is going into gold as a hedge against future prices. Also the dollar weakening is another reason that gold is rising.
@TYX91101 Gold going up is the inflation, an early sign. The dollar plunging is another sign of inflation... urgh... I have a feeling I'm going to have better luck talking to a brick wall however.
@curiousgeorge1940 actually the price of gold is really low right now. you have to calculate the amount of currency in circulation to see just how low and undervalued gold really is right now. give it a few years, then you will see gold be at extreme prices.
@curiousgeorge1940 - Gold is nothing like home prices. Home prices have been artificially propped up by government incentives including the backing of bad loans. This led to artificially high home prices. These programs are simply not sustainable, and therefore home prices must go down.
Gold does not enjoy such support. There is no bubble in gold, artificially supported or not. In fact, most indications are that gold prices are being held down by central banks and their co-conspirators.
@GoldenDragon214 And you don't think that gold is somewhat also propped up by speculators burrowing money to buy gold? I would not make the assumption that gold is immune from a hard fall. I would be more focused on technicals if I was in gold. From a technical perspective it appears gold can go higher, $1300-$1400. I would not own it once it crosses 1300. Just my 2 cents.
@dannydarias1 - The government does not guarantee nor even create a market for loans to buy gold, so no I don't believe the price is propped up artificially. In fact, the government and the big banks have a every reason to suppress the price of gold. And unlike real estate, there is no bubble because there is hardly any interest. Do a quick survey of your friends and ask how many old gold. It's probably less then 1 in 5. When it's 4 out of 5, then it may be time to sell.
@GoldenDragon214 Let me explain the credit part. You agree that the government can create create out of thin air right? Good, the issue is, they CANNOT control where the credit ends up. In 1990s it was tech stocks, in the 2000s it was housing, oil, etc. You see my point. You don't think it's propped up by credit, but the truth is, it is propped up because the credit found it's way to gold. If the banks are so big in suppressing gold, than why did gold go up almost 500% in the last few years?
@dannydarias1 There is no Fanny or Freddie in the "gold funding market" ... no tax deduction for interest on money borrowed against gold ... now "first-time gold buyer credit". These things compound the fed's credit creation and inflate home prices even more than inflation. That's why the bubble had to burst and still has further to go. Gold is going up because fiat currencies are falling and will eventually fail. The gov suppresses gold prices a variety of ways like taxing and selling it.
@GoldenDragon214 You will be right for a bit longer. I think we are close. I say, gold hits 1400 and if you don't get out you are bound to loose your shirts. It's starting to sound like oil when it was 150. Remember all the talk about peak oil, and the dollar this dollar that. Now it's all gold. Let's just wait and see.
... whatdo you mean gold going up, a pound of gold buys you the same today as yesterday, your currency has just been devalued by printing more & granting it to banksteers & stockateers. The interest on that borronw money you will just keep paying through increased taxation.
The UK Sterling is going to collapse in the next 6-8 weeks.
Gold collapsing??? I don't think so. Gold, Oil and other commonities will go through the roof in the next two years or sooner. Hold onto your gold, real gold not the GLD or SLV, which are just paper promisies like fiat currencies.
Gold is NEVER used for wiring. It's only used for electrical contacts because it does not corrode. This is only a very thin plating though, about 7 millionths of an inch. It is NOT the most conductive either. Copper is used almost exclusively in wiring. Gold is actually 24% less conductive than copper, and copper is 10% less conductive than silver.
I believe with China buying all the gold from the IMF and the probability that the dollar's bull run is petering out..... Anything is possible, however, if gold breaks below $1000 I would buy as often as possible regardless of direction.
Much bigger debts and deficits, more people able to trade in so many markets than ever.... if we do look at history, we can see that our dollar is being destroyed (IE - Zimbabwe)
Good video, Like the 'value' section. People need to look at value not price.
I've been hearing the same call for gold to retrace back as far as 880 - 900 before the next leg up. I think this could occur with the current EU (Greece, Spain, Ireland, Portugal, etc) crisis causing the Euro to fall and the dollar becoming a safe haven in the nearterm. Also the recent move back to 1100+ wan't convincing to pro analysts I follow.
cnbc always says the banks aren't lending so inflation won't happen. obamas spending programs alone are enough for the dollar to weaken and inflation to happen. his healthcare plan is over three trillion dollars and they have stimulus and jobs bills all in the hundreds of billions. Thats not even including the fed doubling the money supply and its gonna go higher. cnbc's case for gold lower has no legs and even if the dollar goes higher gold can still go higher anyone who follows knows that.
I don't know about dollars but quaters and dimes make great shims. for example if your table wobbles a quarter might even out the legs. Now thats real value.
We can still bailout italy spain and greece if we need too without creating a budget deficit like the USA. Not only is the USA government broke, all the local municipalities and state governments are near bankrupt. Failing to pump in more fake money into your economy means failing the local governments. Just wait till the bubble pops and you'll see some real catastrophe in the US of A.
cause they need it to stabilize their growing economies. And everyone knows for the past 3000 years that gold is the best way of securing your valuta or currency. Seriously this is a fact, the roman empire tried fiat money and abused it by printing money for the military causing huge inflation and during the 200 years when the barbarians invaded all the people wished for was to never fall under the roman bureaucracy again.
The byzantine empire suffered from the same mistake as the romans at first, but they abandoned that policy after they FINALY discovered it was destructive in the long term, great short term but horrific long term effects. By reinstating the gold standard their economies started to bloom again and the economy stabilized. Much later they took it off again and boom their economies started sinking with rampant inflation.
I think the most important good we can have is knowledge, trust, and resources for human basic needs with this three factors you can get work for everything else. Value is always subjective, is not gold, rice or oil, is trust, synergie, and that is that is an dinamic and intangible good and can not be treausured, except by institutions and social forces not by individuals.
Can't pay debt in Gold. People owe debt, People pay debt. To do so they sell gold. There you go. Its a metal... thats it. Its not money anymore, people do evolve and hopefully we're getting over our lover affair with shiny objects.
measax, do you like the fact that the central banks have so much power to manipulate the currency? They tax us through inflation. Did you know that the government pays interest to the private entity, the Federal Reserve? With gold it cannot be printed out of thin air, it keeps limits on government. Fractional reserve banking is a scam. Do some research on how it works. You may come back a new person. Later dude.
I am well aware. Money is debt, Alex Jones blah blah blah. But Gold is really inconvenient for those in power and technologically obtrusive. Sorry, but there are forces out there much greater. In a Crisis situation Gold will do you no good. Will you pay an ounce of gold for a potato? If you are worried, spend your money on food, not gold. Unless you have serious money whats the point? The Fed's business is paper (digital now) and based on our dumb society i bet they'll win, just like in the 30s.
Uh, thats my point. The fool took the gold. What's worth more now? What was worth more then considering the cost of food and the nature of things? Learn to think for yourself. THe people pumping metals are the one's selling it. ANd they are selling it for a reason.
And I predict that pigs will fly in 2012.
wilsmanpeterexcess 3 weeks ago
wrong lol
Dreama40 2 months ago
There is definitely a Gold rush right now!! But are you aware that Gold, Oil and the whole Futures Market are all controlled by a computer program?You don't believe me? Come view my profile, watch my videos and visit my website and you'll see what i am trying to expose to the world!
OilTradingAcademy 2 months ago 3
The dollar sucking big time now
Raidenvaga 2 months ago
Looking at these comments.......well a lot of Gold fans are pretty fucking stupid. If you watched the video in to the end, you would have realized that this poster agrees with you........that gold was NOT going to go down. Of course, you would have had to watch the video till the end. But you obviously didn't. What you did do, is see something you didn't like, and throw a temper tantrum with bothering to investigate. Pathetic.
tecumseh420 3 months ago
u r shit its almost at 2g soon u fool
chinasweetbaby 3 months ago
@chinasweetbaby
What to make yourself look ignorant. +1
tecumseh420 3 months ago
Can everyone please watch the video till the end?
hubbabt 3 months ago
Well he was wrong the dollar is weak and dying and gold is over 1700 $ stop listening to the federal reserve.
jjason23296 4 months ago
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What if there were truly a secret that nobody knew about with respect to the Gold trading? And what if the very thing everybody thought were true about Gold trading, was actually the exact opposite of the truth? Come visit our website and learn the secret that produces 90% success ratio jut Google Gold trading Academy.
MrBanker2222 4 months ago
This has been flagged as spam show
90% accuracy trading is now a reality. If you want to get rich invest in gold! Come visit my website, just google Gold Trading Academy to learn more.
123ableTHERollyboy 5 months ago
As of now, Gold has fallen alright.... fallen from $1920/oz to $1640/oz.... I suppose in a few years it will have kept falling... from $2400 to $2000.
JesusChrist5000 5 months ago
do your homework, gold is heading up, way up!! Silver is heading up as well...
Dreama40 5 months ago
fool.....
Dreama40 5 months ago
wrong wrong wrong.........
Dreama40 5 months ago
You were sooooo wrong, I would imagine you should stop making any more videos now!
maumad103 6 months ago 6
@maumad103 listen to what I have to say and who said this before making these comments. I would imagine people would be educated enough to do something simple like this. Please replace the NOUNS with the correct person.
endlessmountain 6 months ago
@endlessmountain Good luck!
maumad103 6 months ago
@endlessmountain You are obviously not educated on this subject, learn the fundamentals of a healthy economy, then compare them to the US, then look at history what happens when they are not present. Precious metals are going to keep climbing until the economy is healthy again. Right now it's not, even though some people get fooled by temporary 'recover' which in reality is fake recovery.
TWSceptic 1 month ago
wrong golds at $1,750
RoadRunnersTech 6 months ago
Gold just hit $1,716.50 :)
skittles1854 7 months ago
wow, this video is a fail! made baby jesus cry
crumcon 7 months ago
you have it backwards...the dollar is collapsing and becoming worthless. Gold is ALWAYS in an inverse relationship with the dollar, inflation and the state of our economy. it will hit 2000 by the end of 2012 of not sooner.
shermanr6 7 months ago
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silver $40,38 today and gold is at $1614,80 hmm, What your saying is bullshit.
mauriciorodriguez67 7 months ago
yeah... try 1600 :-p
suesmovies 7 months ago
big DISINFORMATION!!!!!! GO IN THE BATHROOM WITHD YOUR THIS BULLSCHIT
12ateitis1 9 months ago
Find The Gold:
oldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldgoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldoldold
Talentz92 9 months ago
@Talentz92 I found it!! Second bottom line, towards the right side. :D
NazTheGreat 9 months ago
May 8th 2010 and the CNBC experts are ALL wrong!
Pfsif 10 months ago
IMMA KEEP MY EYE ON THIS..........TO BE CONTINUED....SOMEBODYS GONNA GET FUCKED!
goldenheadhimself 10 months ago
I traded my handful of soon to be worthless gold coins for an old truck and a couple of cans of lima beans thanks to you CNBC !
Thanks CNBC!
Yoooooooouuuuuuuuuuuuuuuuuuur awesome !
IronicallyVague 10 months ago
GOLD IS THE CURRENCY OF THE ELITE, ITS GOING TO JUST ROCKET UP IN THIS YEAR AS SHOWN QUITE CLEARLY IN THE CHARTS. LET GO OF ANYTHING THAT HAS TO DO WITH THE STOCK MARKET OR THE USD BECAUSE IT IS DEVALUATING!!!!! ITS GOING TO DEVALUATE UNTIL IT'S DEAD AND YOU WILL BE SLAVES TO THE ELITE. BUY AS MUCH GOLD AND SILVER AS YOU POSSIBLY CAN BEFORE ITS TOO LATE!!!!! AND DON'T STORE THEM IN YOUR LOCAL BANK BECAUSE THEY ARE GOING DOWN WITH THE REST OF THE ECONOMY!!!!! WAKE UP!!!!!!! LEAVE THE STOCK MARKET
brianlai22 10 months ago
I bought gold at $1050 and lots of silver at $18.
Thanks Glenn for the tip.
CNBC is full of shit.
melardkey 10 months ago
silver $38.57 today and gold is at $1,434.00 hmm, What your saying is bullshit.
coolmage9 11 months ago 8
@coolmage9 what i'm saying? No, What they are saying
endlessmountain 11 months ago
@endlessmountain ok.
coolmage9 11 months ago
@coolmage9 I dont think you understand his vid! He is saying the Guy on CNBC is predicting the collapse of gold! Not him !!
bob78145 11 months ago
@bob78145 Your right I made a mistake
coolmage9 11 months ago
@coolmage9 bro did you watch the video? no one is more bullish on PM's then endlessmountain!!!!!
lol
obummersux 10 months ago
@coolmage9 silver is 48 today
aleksankazakov 10 months ago
@aleksankazakov higest i saw was $45.27 this morning on monex.com
coolmage9 10 months ago
Not quite yet but it will fall. Remember that gold produces no income, interest or dividends and its price depends solely on supply and demand or market sentiment.
Anyone who invests heavily now is a sheep and sheep are stupid.
You invest in Gold you don't own gold, all you have is paper. If everyone tried to change that paper to the real stuff there would not be enough gold. If thtas not a warning then everyone deserves to lose.
Silver supply is less than gold, because it's rarer.
daggyz1959 11 months ago
What a joke! If this is what anti-gold advisors sound like, then we who actually own real, physical gold are going to be fine. Good luck, you clown, convincing humanity to let go of something precious it has used as a standard of wealth for its entire recorded history.
Gold is money that can't be overproduced. The largest populations on the planet value gold above all.
The fact that gold is not dependent on industrial demand is good for its value as a hedge against a depressed economy.
cmpilot 11 months ago 8
@cmpilot who's the clown?
endlessmountain 11 months ago
@endlessmountain Not you. The gold naysayers are the clowns. Your points are well-taken. Sorry for the confusion.
cmpilot 11 months ago
heres a tip, turn down the backgroudn music in your videos i can barely hear you bro!
thebibleisfiction 1 year ago
The people who are behind the criminal money system will tell you it is going down BECAUSE THEY ARE PAID TO LIE!! Wake up, all fiat dollars are going to fail just like they have done every single time in history. Government printing money has always crashed in history and will be always. Paper money is nothing more than a spell when an ounce of gold is still a spell.
elucidative 1 year ago
@elucidative whoops I meant an ounce of gold will always be an ounce of gold but the paper money will become worthless.
elucidative 1 year ago
Hey DUDE - WTF is going on!?
Smokofilomidanek53 1 year ago
stop the nonsense. gold is an insurance policy. something you keep in your portfolio (or home) regardless of it going down or up. gold, in reality, only gains or loses value when more gold is found or mined. so , people, you should not invest in gold to make money, invest in gold to preserve or insure a certain amount of wealth in case of collapse. the only reason gold is up is because of dollar flooding. if fed pulls back (unlikely), then gold will begin to fall back. GOT IT?
arberia2008 1 year ago
You're not making any sense Buddy - total Nonsense!! lol
rewatson1972 1 year ago
This is a featured video?? What? It's wrong on so many levels...
USD/EUR decline refers to a falling USD value not a gaining one... In other words if EUR/USD =1.33 then a EUR will cost you USD1.33.
It used to be 70c.. So the price has gone up... RIGHT...
Do not listen to this video. It's rubbish!!
hellacool1975 1 year ago
He ignores "scarcity." With the titanic numbers of Dollars that have been generated, the dollar's scarcity is inevitably going to go to ZERO. Everything else must comparatively be worth more Dollars.
Phony gold and silver was created to fake people into thinking these metals were not scarce. But real gold & silver are extremely scarce right now. When people catch on, the government will make it illegal to own gold & silver to keep the legal price down.
temple26797 1 year ago
Gold doesn't need a phsical use for it to have value!
All humans and civilisations, that I am aware of, over millenia have unanimously decided that gold is real money, the arbiter of value.
You would have to get all humans to simultaneously agree that gold has no intrinsic value, and that's not going to happen, it would take an international revolution.
I might not like it, you might not like it, but that is what we as a species have decided for ourselves.
Gold is the only currency!
nontrainspotter 1 year ago
The ONLY thing that is going to be crashing is SOCIALISM . The "Great Society" is ENDING. The "NEW DEAL" is dieing and it's a long over due for it's MUCH deserved death.... What will happen to the USA,,, Just ask any Russian who was living in the USSR during 1991 - - As far as Gold it will go up BECAUSE we have a $14,000,000,000,000.00 deficit,,,,, That's REAL, who will pay for THAT?? INFLATION is the only answer!!!! Gold $3500.00 by 2015
teomeimf 1 year ago
WRONG!!!
Jiver67 1 year ago
Gold is not going down anytime soon... Wake up people.. People who own the real gold will never be a slave.
manny298 1 year ago 3
This has been flagged as spam show
worst voice on net
steviezxr 1 year ago
it looks like a bubble but maybe it is not? maybe the rich are buying the physicals to protect their wealth? and that price will never come down again. gold for cash or cash for gold? we on a dollar standard not a gold standard, gold is backed by dollars not dollars backed by gold. so they are trying to protect themselves or just use the metal to make more greedy money? i dont know.
Rico8458 1 year ago
the music sucks. Also take a more serious tone next time. Otherwise ok.
casienwhey 1 year ago
gold aint going lower any time soon,currency manipulation won't let it
imatelly 1 year ago
Gold and silver only buys food in a big down turn. Buy ground outside of the over regulated US and grow what you need. My family and I just bought a small Biospharm in Cayo, Belize. If you want some more info email me. Darinsmith@inbox.com
biospharms 1 year ago
The Euro is now doing fantastic. $1.40/euro! Gold is up at $1350 now. It's a crash for sure; only the crash is not in gold but of the Federal Reserve Note Bubble.
revolutionnot 1 year ago 3
Prediction fail.
You need a few lessons in economics and the history of money and banking.
AustrianLens 1 year ago 14
the gold wont be in a bubble until the fed stops printing money,
this guy is sooooooo wrong
nsolcis 1 year ago
gold broke 1300 today.
bobsr3 1 year ago 2
Well, that m-fer was pretty wrong wasn't he? Now gold is at $1,300 Gold won't even go below $1,000 for the next several years. The ills of the US economy aren't going to get any better, which means confidence in gold will continue to increase.
JeremyMirken 1 year ago 2
for gold to make its 1980's high in inflation adjusted terms it needs to be about $2,400. so it has some catching up to do, and it probably will; historically over the centuries it has readjusted itself to match all the bullshit paper currencies over the world. Even though we have inflation you would find it in home prices but in food and staples; the CPI is manipulated to lie about real inflation. A pound of chicken breast was 1.69 last year; today is 2.39 WTF?
misterman6000 1 year ago
Hahahahahaaaa, you mean the dollar collapse
7aniba3al 1 year ago
couldn't finish the video, music was crazy loud. I vote no music at all.
thedesertorchid 1 year ago
CNBC is warning of gold collapse? Buy !
lalulofi 1 year ago 2
Well, it didn't collapse did it? It's only going higher.
naggold 1 year ago 2
wrong-the dollar is going down, every indicator points in this direction. the Fed's "exit strategy" will not work. see Bob Murphy's vid on this topic, he explains it very clearly.
pretorious700 1 year ago
Gold is nowhere near being in a bubble....yet. It's going to go much much higher.
btrimarchi 1 year ago
Gold is unprintable currency. That's all.
The Fed keeps printing dollars, but gold quantity increases with less than 1% a year.
Why is anyone surprised that it takes more dollars to buy an ounce of gold?
You think it's a bubble? Stop suppressing the price of gold and you will have another thing coming.
ravaneli55 1 year ago
That background music is competing with your voice.
chimpanchu 1 year ago
I have more questions than answers for you.
I assume you were not advocating listening to CNBC with regards to investing. As you see in hindsight it would have been a horrible move.
The job of those shows it to get you tied up in paper to keep the music playing.
Gold is a store of wealth and nothing more. Has been for 5000 years and Wall Street can't stop it from being so.
Paetaor 1 year ago
this video makes me sore
florgat91 1 year ago
Oh yeah CNBC ALWAYS gets it right, they were putting a buy rating on the investment banks before an utter collapse and share price folding. CNBC and Fox lost all credibility unfortunately.
GMHGTO 1 year ago
F A I L !!!
notpcone 1 year ago
Shows you how much the media knows. Since the video posting of Feb. 25, gold has never dropped below $1000. Within 4 months has made new highs hitting $1265. Over 20% gain in 4 months due to economic chaos. Gold is currently retracing a bit but seems to be poised for another move to the upside within a few months. Talk of another stimilus and the double dip recession only makes gold more bullish. Stay tuned haha
pokermon919 1 year ago
The market is being manipulated. I dont know where gold is going. All I know is it will never be zero. If it does hit zero, ill be glad to come by and take it off your hands. Thanks
EMPIRE0FLIES 1 year ago
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One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
reginald58 1 year ago
It's funny, you made this video while gold was down, which was the same time I got my income tax refund. I spent it all on gold and silver. Gold went to record highs. I don't think gold will ever go below $1000 again, and silver $15.00. They're both going up from here.
makewuvnotwar 1 year ago
@makewuvnotwar sold it right now , gold is a bubble now
ww2footage 1 year ago
gold is down because JP morgan sold so much paper gold.......to make fiat currency more credible..but it won't last long...
kiwisoft 1 year ago
Gold topped at $850 in 1980 and it took 28 years to break even.
During that time span, the Dow increased by a factor of 16, gold by 50%.
TYX91101 1 year ago
@TYX91101 - How about taking a look at prices since 2001. the DOW is currently at a 10-12 year low. Gold has trippled since then.
It's easy to say one investment is better than another when you cherry pick the time period for comparison.
In hind sight the best bet was to invest in the Dow from 1980 to 2000'ish and then shift your investments to gold.
GoldenDragon214 1 year ago
@GoldenDragon214
Okay fair enough. Nevertheless I see much lower prices ahead for gold.
Thanks for the post.
TYX91101 1 year ago
@TYX91101 - I don't really think so. The fundamentals that have lead to a lack luster stock market and strong gold prices over the past decade haven't changed. Could there be short term weakness in gold. Sure, that's true of any asset class even when it is a strong secular bull market, which gold is. Unless government and fed policies change significantly the next 10 years will look much like that the last 10: stocks going no where and gold exploding.
GoldenDragon214 1 year ago
gold just hit $1222 today, explaiin that jackie a
brianmenendez 1 year ago
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Gold and silver is the wealthy man currency, NOT MONEY but Gold and Silver ok !! In the capitalistic world we live in the wealthy always survive because they invest in assets - gold and silver and property and crops etc - not paper like us ordinary folk. Do not believe this video. And for pity sake keep hold of your gold for when the market and currency collapse it will be all you have to barter with. The NEW WORLD ORDER are banking on us not having anything to barter with !!!
TruthofDilly 1 year ago
Gold and silver is the wealthy man currency, NOT MONEY but Gold and Silver ok !! In the capitalistic world we live in the wealthy always survive because they invest in assets - gold and silver and property and crops etc - not paper like us ordinary folk. Do not believe this video. And for pity sake keep hold of your gold for when the market and currency collapse it will be all you have to barter with. The NOW are banking on us not having anything to barter with !!!
TruthofDilly 1 year ago
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For Expert Commentaries on Gold, Silver and other commodity investing check out Industry Watch on EvenKeelMedia 's channel
EvenKeelMedia 1 year ago
Gold is too high priced now - Of course it's gotta go down ! Just like home prices ...
curiousgeorge1940 1 year ago
@curiousgeorge1940 It went down today back to the level it was find support. I see it over sold right now. It has only went up around 20% from the 1,000 breakout. Now when you look at how we should which is inflation adjusted it is way OVER SOLD and WAY TOO LOW, and its gotta go up because of this.
The shorts are going to scream very soon based on the problems with the comex and the paper gold/silver market.
endlessmountain 1 year ago
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@endlessmountain
It's a bubble. Like crude oil and the Nasdaq in 2000.
Gold topped in 1980 at $850 - interest rates reached record highs that same year and receded with the gold price. Interest rates are currently at all time lows. Where's the inflation? Gold is being played as a commodity, not an inflation hedge. And it's way out on a limb. Fasten your seatbelts.
TYX91101 1 year ago
@TYX91101 Inflation is in energy, metals and food and im sure other things are also going higher. Golds at 1200 and you are saying its inflationary and you have given me no reason to show me its topping. When you look at the chart it is very bullish. Take a look at the 200 MA on all time frame from daily to monthly and its below the 100 and below the 50 and they are all rising. Rel Strength on weekly and on are very strong and fundamentals are strong also. You long equities? LOL haha
endlessmountain 1 year ago 5
@TYX91101 Gold is not in a bubble. The fed is not going to be able to raise rates when prices start spiking because of the current housing/unemployment situation so all the smart money is going into gold as a hedge against future prices. Also the dollar weakening is another reason that gold is rising.
Dziaji 1 year ago
@TYX91101 Gold going up is the inflation, an early sign. The dollar plunging is another sign of inflation... urgh... I have a feeling I'm going to have better luck talking to a brick wall however.
dionhenderson 1 year ago
@curiousgeorge1940 actually the price of gold is really low right now. you have to calculate the amount of currency in circulation to see just how low and undervalued gold really is right now. give it a few years, then you will see gold be at extreme prices.
maximusTLP 1 year ago
@curiousgeorge1940 - Gold is nothing like home prices. Home prices have been artificially propped up by government incentives including the backing of bad loans. This led to artificially high home prices. These programs are simply not sustainable, and therefore home prices must go down.
Gold does not enjoy such support. There is no bubble in gold, artificially supported or not. In fact, most indications are that gold prices are being held down by central banks and their co-conspirators.
GoldenDragon214 1 year ago
@GoldenDragon214 And you don't think that gold is somewhat also propped up by speculators burrowing money to buy gold? I would not make the assumption that gold is immune from a hard fall. I would be more focused on technicals if I was in gold. From a technical perspective it appears gold can go higher, $1300-$1400. I would not own it once it crosses 1300. Just my 2 cents.
dannydarias1 1 year ago
@dannydarias1 - The government does not guarantee nor even create a market for loans to buy gold, so no I don't believe the price is propped up artificially. In fact, the government and the big banks have a every reason to suppress the price of gold. And unlike real estate, there is no bubble because there is hardly any interest. Do a quick survey of your friends and ask how many old gold. It's probably less then 1 in 5. When it's 4 out of 5, then it may be time to sell.
GoldenDragon214 1 year ago
@GoldenDragon214 - I meant how many of your friends "own" gold.
GoldenDragon214 1 year ago
@GoldenDragon214 Let me explain the credit part. You agree that the government can create create out of thin air right? Good, the issue is, they CANNOT control where the credit ends up. In 1990s it was tech stocks, in the 2000s it was housing, oil, etc. You see my point. You don't think it's propped up by credit, but the truth is, it is propped up because the credit found it's way to gold. If the banks are so big in suppressing gold, than why did gold go up almost 500% in the last few years?
dannydarias1 1 year ago
@dannydarias1 There is no Fanny or Freddie in the "gold funding market" ... no tax deduction for interest on money borrowed against gold ... now "first-time gold buyer credit". These things compound the fed's credit creation and inflate home prices even more than inflation. That's why the bubble had to burst and still has further to go. Gold is going up because fiat currencies are falling and will eventually fail. The gov suppresses gold prices a variety of ways like taxing and selling it.
GoldenDragon214 1 year ago
@GoldenDragon214 You will be right for a bit longer. I think we are close. I say, gold hits 1400 and if you don't get out you are bound to loose your shirts. It's starting to sound like oil when it was 150. Remember all the talk about peak oil, and the dollar this dollar that. Now it's all gold. Let's just wait and see.
dannydarias1 1 year ago
@curiousgeorge1940 Gold to $1300 by December 31st.
While central banks keep printing money, gold will keep going up.
The worse things get, the more gold will go up : )
BANK on it.
Gold a bubble, lol, have you learned anything other than Keynesian, Quantitative economics? If economics at all?
Read the works Adam Smith, Ludwig Von Mises and Murray Rothbard, then tell me gold is in a bubble.
dionhenderson 1 year ago
@curiousgeorge1940 apples and oranges
pretorious700 1 year ago
@curiousgeorge1940 you dont realize that the money has never been backed by realestate, only gold.
bad08dog 1 year ago
@curiousgeorge1940
Hi, where 5 months later now and prices have risen almost 15% with a small dip in juli.
Roelandvinken 1 year ago
@curiousgeorge1940 your so gonna be wrong watch as gold really start to run in 2011
obummersux 1 year ago
gold isn't going to collapse, what a joke. a dip maybe but it looking good with all this stimulus bs.
pokermon919 2 years ago
That music is killer man ......annoying...
kryogenikz 2 years ago
... whatdo you mean gold going up, a pound of gold buys you the same today as yesterday, your currency has just been devalued by printing more & granting it to banksteers & stockateers. The interest on that borronw money you will just keep paying through increased taxation.
docatomics 2 years ago
the music is distracting.
Igentenos 2 years ago
The UK Sterling is going to collapse in the next 6-8 weeks.
Gold collapsing??? I don't think so. Gold, Oil and other commonities will go through the roof in the next two years or sooner. Hold onto your gold, real gold not the GLD or SLV, which are just paper promisies like fiat currencies.
codematrix 2 years ago
Gold is NEVER used for wiring. It's only used for electrical contacts because it does not corrode. This is only a very thin plating though, about 7 millionths of an inch. It is NOT the most conductive either. Copper is used almost exclusively in wiring. Gold is actually 24% less conductive than copper, and copper is 10% less conductive than silver.
fubecabr 2 years ago
I believe with China buying all the gold from the IMF and the probability that the dollar's bull run is petering out..... Anything is possible, however, if gold breaks below $1000 I would buy as often as possible regardless of direction.
Much bigger debts and deficits, more people able to trade in so many markets than ever.... if we do look at history, we can see that our dollar is being destroyed (IE - Zimbabwe)
Good video, Like the 'value' section. People need to look at value not price.
Medic37dan 2 years ago
gold going down ?
what a lie from the pit of hell
gold hits new highs in euros and pounds
stop this new age garbage messages !
ewffaces7 2 years ago 2
I've been hearing the same call for gold to retrace back as far as 880 - 900 before the next leg up. I think this could occur with the current EU (Greece, Spain, Ireland, Portugal, etc) crisis causing the Euro to fall and the dollar becoming a safe haven in the nearterm. Also the recent move back to 1100+ wan't convincing to pro analysts I follow.
MisterE103 2 years ago
Dude, lose the music.
randallberry 2 years ago 17
Great video, distracting music.
loai050 2 years ago
Soros and friends are attacking the Euro source WSJ and buying the USD selling everything else
Ibilaemash 2 years ago
The price target on gold in U.S dollars is Infinity.
DjetGlea 2 years ago 2
cnbc always says the banks aren't lending so inflation won't happen. obamas spending programs alone are enough for the dollar to weaken and inflation to happen. his healthcare plan is over three trillion dollars and they have stimulus and jobs bills all in the hundreds of billions. Thats not even including the fed doubling the money supply and its gonna go higher. cnbc's case for gold lower has no legs and even if the dollar goes higher gold can still go higher anyone who follows knows that.
tylersilverchoice 2 years ago
I think it will go lower than that. Below 500. That's my opinion.
danster26 2 years ago
Why do you think that?
maybecominsoon 2 years ago
Everything is in cycles. Just look at history.
danster26 2 years ago
In that case we are do for a new currency. Our fiat currency is the longest standing in history!
maybecominsoon 2 years ago
Comment removed
soundzero 2 years ago
lol! US dollar became fiat as of August 15th 1971. Rome's Denarius lasted 300+ years since it began debasing. Where do you come up with this claim?
soundzero 2 years ago
only when they find another huge gold well, baby
ewffaces7 2 years ago
Great video, but it is COURSE, not COARSE. Keep up the great work!
dabruin2 2 years ago
Time to end the smoke and mirrors.
rollsthepaul 2 years ago
I don't know about dollars but quaters and dimes make great shims. for example if your table wobbles a quarter might even out the legs. Now thats real value.
paulnswden 2 years ago
cool dude
cosmicguerilla1 2 years ago
PM down USD up ?
DavidAKZ 2 years ago
Good stuff again Derek, well put, makes you think!
buffett1000 2 years ago
I hope gold does hit 880 so that I can buy just that much more before the this world's civilization collapses. LOL!
illuman8r 2 years ago 3
Well if things go down really bad. Then what direction is it going to go when it bottems out? Strait up.
Peter4101 2 years ago
I could do without the music and upbeat tone. Tell it how it is and dont try to spruce it up. 5***** any ways
CaptainTripsz 2 years ago 9
Soro's say's ...gold bubble coming...then
he buys gold like a junkie buying heroin ~
So...does that answer the question ..
RenegadeTimes 2 years ago 4
When Soros was saying that gold was the ULTIMATE bubble, he said it while salivating like a starving wolf in a butchers shop.
0muffins0 2 years ago
Great vid, good presentation, it really drags you into it with the music :P
BrutusAlbion 2 years ago
Five Stars*****
Great Vid D!
ABETRMAN 2 years ago
the euro will sink....the dollar will rally.
zeusvalentine 2 years ago
in what world?
We can still bailout italy spain and greece if we need too without creating a budget deficit like the USA. Not only is the USA government broke, all the local municipalities and state governments are near bankrupt. Failing to pump in more fake money into your economy means failing the local governments. Just wait till the bubble pops and you'll see some real catastrophe in the US of A.
BrutusAlbion 2 years ago
For all the Gold Bears, answer this simple question. WHY DID INDIA AND CHINA BUY ALL OF THE GOLD FROM THE IMF?
PorscheB06 2 years ago 2
cause they need it to stabilize their growing economies. And everyone knows for the past 3000 years that gold is the best way of securing your valuta or currency. Seriously this is a fact, the roman empire tried fiat money and abused it by printing money for the military causing huge inflation and during the 200 years when the barbarians invaded all the people wished for was to never fall under the roman bureaucracy again.
BrutusAlbion 2 years ago
The byzantine empire suffered from the same mistake as the romans at first, but they abandoned that policy after they FINALY discovered it was destructive in the long term, great short term but horrific long term effects. By reinstating the gold standard their economies started to bloom again and the economy stabilized. Much later they took it off again and boom their economies started sinking with rampant inflation.
BrutusAlbion 2 years ago
what is with he awful music in the bac
jabmalassie 2 years ago 2
I think the most important good we can have is knowledge, trust, and resources for human basic needs with this three factors you can get work for everything else. Value is always subjective, is not gold, rice or oil, is trust, synergie, and that is that is an dinamic and intangible good and can not be treausured, except by institutions and social forces not by individuals.
vechio80 2 years ago
Gold is also used in dental fillings.
jimbobubbadj 2 years ago
great infomercial type music
STOPPUCKNOW 2 years ago
Hey D......where'ed you find that musack?
goscott4 2 years ago
Like this different approach. Please keep doing You Tube videos.
popcur 2 years ago
Derek...I think you found a great replacement for Bernanke...
jonah70757 2 years ago
good video
turbotrana 2 years ago 2
Can't pay debt in Gold. People owe debt, People pay debt. To do so they sell gold. There you go. Its a metal... thats it. Its not money anymore, people do evolve and hopefully we're getting over our lover affair with shiny objects.
measax 2 years ago
measax, do you like the fact that the central banks have so much power to manipulate the currency? They tax us through inflation. Did you know that the government pays interest to the private entity, the Federal Reserve? With gold it cannot be printed out of thin air, it keeps limits on government. Fractional reserve banking is a scam. Do some research on how it works. You may come back a new person. Later dude.
jimbobubbadj 2 years ago 2
I am well aware. Money is debt, Alex Jones blah blah blah. But Gold is really inconvenient for those in power and technologically obtrusive. Sorry, but there are forces out there much greater. In a Crisis situation Gold will do you no good. Will you pay an ounce of gold for a potato? If you are worried, spend your money on food, not gold. Unless you have serious money whats the point? The Fed's business is paper (digital now) and based on our dumb society i bet they'll win, just like in the 30s.
measax 2 years ago
@measax In the German crisis situation that ounce of gold bought an entire small farm.
silverfuturist 2 years ago
Uh, thats my point. The fool took the gold. What's worth more now? What was worth more then considering the cost of food and the nature of things? Learn to think for yourself. THe people pumping metals are the one's selling it. ANd they are selling it for a reason.
measax 2 years ago 2
Yeah! Like India! Doh!
January132005 2 years ago
That music is TERRIBLE!! and i dont say that lightly!
NicosMind 2 years ago 3
I wish gold would blimmin go lower. Priced in Pounds Sterling gold is almost at a high.
I can't afford to buy at it's high.
I wish I bought a chunk last week. : )
stuntpea 2 years ago
i hate this new youtube format.
it sucks balls for beer money