How would a Currency reset happen, who agrees to do it and How does it progress???
@michaeltiedt63763 сағат бұрын
The goldprice is going to go up, much more than J.P.Morgan expects.
@DeutscheBerge5 сағат бұрын
Thank you Ric for the updates every time here!
@charleswenn608812 сағат бұрын
Gold is stable. Fiat currency fluctuates like crazy!!!
@glenh497113 сағат бұрын
If Central Banks are buying gold you would think its a no brainer for normal people to buy gold also.
@ophidiaparaclete15 сағат бұрын
You would think with all this central bank buying of gold the price would be triple what it is. We're finding out these markets have always been manipulated. Not supply demand.
@ophidiaparaclete15 сағат бұрын
When office buildings and sfr defaults hit their gold won't cover it
@Ricbender15 сағат бұрын
Thanks for sharing.
@ophidiaparaclete15 сағат бұрын
How do these defunct banks have purchasing power for gold?
@Ricbender15 сағат бұрын
They print out of thin air and convert to gold..
@ophidiaparaclete15 сағат бұрын
Petro dollars?
@Ricbender15 сағат бұрын
Still around but shrinking in utilization
@ophidiaparaclete15 сағат бұрын
What we know is inflation was more like 9% per month not annual
@Ricbender15 сағат бұрын
Thanks for watching and sharing.
@billbuyssilver7615 сағат бұрын
The partial answer???? BRICS as the new (whatever they call it) will be backed by 40%?? GOLD...
@Ricbender15 сағат бұрын
Did you see my video on this?
@billbuyssilver7614 сағат бұрын
@@Ricbender Rick I'm not sure. I watch as much as I can about this subject though. Most Americans have no idea what's going on. I am no pro just a semi retired businessman and serioulsy concerned for our country and future generations.
@Ricbender14 сағат бұрын
@@billbuyssilver76 better to be curious, prepared and armed with truth.
@ophidiaparaclete15 сағат бұрын
Is it coincidence that the New Jerusalem is gold?
@Ricbender15 сағат бұрын
No coincidences.... Thanks for sharing.
@Ricbender15 сағат бұрын
Thanks for watching. Please share your thoughts.
@waltlongmire627715 сағат бұрын
Their?
@Ricbender15 сағат бұрын
Central banks. Thanks for watching and sharing.
@Ricbender15 сағат бұрын
Editor didn't catch it. Thanks for telling me I appreciate you caring enough to tell me. 😀
@tatersquad200015 сағат бұрын
What a day for the market!
@Ricbender15 сағат бұрын
My At&T finally turned. Thanks for sharing.
@christopherhartsel128215 сағат бұрын
I love your videos. They’re*
@Ricbender15 сағат бұрын
Thanks for watching and sharing.
@joeacquavella654816 сағат бұрын
That's huge news! The EU creating a registry of assets makes the idea of "The Great Taking" more plausible. I totally agree about having assets outside the financial system!
@Ricbender15 сағат бұрын
I believe the great taking is the plan.. Thanks for sharing.
@joannjordan654917 сағат бұрын
Hi Ric, I could not understand what you said on yesterday's video on 4 week T bills. You said you allocate your assets: 80% four week t bills, 10% gold/silver, BUT WHAT IS OTHER 10%?
@Ricbender15 сағат бұрын
My investing allocation - the other 10% is risk investing in the market. I'm in Energy stocks, Telecommunications, and an ETN
@nothingspecific.811917 сағат бұрын
Many people eople are in denial about what's going on right in front of them, because they're unprepared & scared! Ignorance doesn't trump reality!!✌🏼
@Ricbender15 сағат бұрын
You're right about that. Thanks for sharing.
@pasky782419 сағат бұрын
I personally think that even though it'll affect inflation tremendously, the Democrats will try to print another major stimulus package to buy votes in September. But can the Biden team pass those kinds of spending measures without Johnsons' and the Houses' approval?
@Ricbender18 сағат бұрын
Time will tell on that one.
@pasky782419 сағат бұрын
Unemployment benefits requests will increase every week hyperbolicly throughout the US,as severance packages run out because the better full-time jobs are getting harder to find.
@Ricbender19 сағат бұрын
On Trend
@billbuyssilver7620 сағат бұрын
Unfortunaley things will get worse before they get better...folks need to stop spending beyond their means...including our government which seems to be DEAF to what we are experiencing.
@Ricbender19 сағат бұрын
Thanks for sharing some wisdom.
@janenefinneran-wj2iw20 сағат бұрын
More worried about the 2 to 10 year bc about to uninvert. Sure recession sign
@Ricbender19 сағат бұрын
You're absolutely right. It's on the way.
@bourbonlover715820 сағат бұрын
I have no debt so I don't care. My enemy is inflation.
@Ricbender19 сағат бұрын
Thanks for sharing.
@user-od4lw1ey9s20 сағат бұрын
Do not worry about the nay sayers.When they stick their heads in the sand they leave their hind ends exposed.
@Ricbender19 сағат бұрын
Great point. Thanks for sharing.
@Ricbender21 сағат бұрын
Thanks for watching. Please share your thoughts.
@scottabbinante9821 сағат бұрын
Job Cuts=Human Misery
@asclepiushermestrismegistu748920 сағат бұрын
Suffering ends whenjobs ends, credentilas ends, status ends. Misery has been welcomed by many who lived an illusion. After March 2025 things will get even worse for majority of Americans.
@Ricbender19 сағат бұрын
Well said. Thanks for sharing.
@uansam3439Күн бұрын
I’m 67 and have about 30% in in t_bill the rest in ETFs and index funds.
@Ricbender21 сағат бұрын
Thanks for sharing.
@ViceCoinКүн бұрын
US peaked in the 1950s.
@Ricbender21 сағат бұрын
Thanks for sharing.
@jaredhighlands4604Күн бұрын
We should all not buy it so it raises up to 10% like the s and p lol
@Ricbender21 сағат бұрын
Thanks for sharing.
@annetteringo6544Күн бұрын
$35 trillion in debt...is BROKE...no matter whom says what...you're to polite.😊😊
@Ricbender21 сағат бұрын
Thanks for sharing. You''re right....
@machine1027Күн бұрын
Good insight. Thanks. Just like you, I'm into short-term t-bills. Given the conditions within the next 6 to 9 months, where you do think the interest rates end up mid-2025? What risk investments have you taken on for the 10% of your 80-10-10 portfolio? I'm not happy that inflation is eating up my treasuries' earnings.
@Ricbender21 сағат бұрын
I do think the Fed will lower rates... but there will be a problem as you know attracting investment in Treasuries. so there will be some kind of correction there. My 10% risk is in Energy, Telecommunications, and a Gold ETN - all these create income as well. Thanks for watching and sharing.
@vl4lzКүн бұрын
We're more like 7% 4wk T-Bills, 20% PMs, 58% CDs, 1% Gov Obligations, 12% HYSavings. No plans to change these anytime soon. I would like to know how safe GLD/SLV ETFs are vs the USD.
@Ricbender21 сағат бұрын
I'm in GLDI for monthly income and I will be adding into OUNZ - Vaneck Merck Gold Trust ( at least I'm watching right now )
@dp100951Күн бұрын
I have a large position in 1-3 month T bills and the dollar has been a concern for some time. I keep rolling things over and thinking I might cut back on the bills if the market tanks in a big way. Thanks for the video.
@Ricbender21 сағат бұрын
Good stuff. I like the shorter term.. Keeping a close watch is important. Thanks for sharing
@joeysocks5718Күн бұрын
I don’t know how safe mine is 🫤 I have money market and treasury funds with Vanguard and Fidelity
@robertbrown1021Күн бұрын
How do you open a T-bill? Are their any fees? Can i deposit the money from my account into a T-bill and then have the money deposited back into my account and is their an additional fee?
@dp100951Күн бұрын
Look into SGOV buy the first of the month.
@vl4lzКүн бұрын
TreasuryDirect, no fees, yes from account to T-bill with interest returned to account, no additional fee
@Ricbender21 сағат бұрын
I buy direct here is link - treasurydirect.gov/log-in/ There are no fees and you attach to your bank for both deposit to T-bill and Treasury will deposit back into your bank when matures.
@Ricbender21 сағат бұрын
Thanks for sharing.
@Ricbender21 сағат бұрын
Awesome Thanks for sharing.
@CharlesHoehnКүн бұрын
what are our options
@RicbenderКүн бұрын
Build personal wealth that stores value and desired world-wide. Thanks for watching and sharing.
@markphillips9822Күн бұрын
My credit score is over 800. The US governments score? Im not loaning them a fricking penny.
@RicbenderКүн бұрын
Good deal. Thanks for sharing.
@user-nx8yj3iu1zКүн бұрын
Very good and helpful information thanks Ric 😊
@RicbenderКүн бұрын
Glad it was helpful! Thanks for comments.
@ProvocateuAstrology2Күн бұрын
Great video.Great question.Thank you for sharing your personal finding until information.I think it gives comfort to other people
@RicbenderКүн бұрын
Glad it was helpful! Thanks for commenting.
@billbuyssilver76Күн бұрын
If our governement was a private citizen... what bank would loan money to them? What is our credit score? Obviously other nations are taking note! That said we as a nation should be no different, it's time to rein in spending and CUT THE FAT!
@RicbenderКүн бұрын
It is imperative. Thanks for sharing your thoughts.
@robertbrown1021Күн бұрын
I hate to say this but people want payback credit card debt, what's going to happen? No one will care about a bad credit rating.
@RicbenderКүн бұрын
Thanks for sharing.
@tatersquad2000Күн бұрын
Some people say T-bill ETFs are lazy, but I'm even one step lazier than that sitting in a 5% HYSA 😄
@RicbenderКүн бұрын
That's not lazy unless the bank is in trouble.. Thanks for sharing.
@guyshipman6646Күн бұрын
I like the 4 week as well. I have my total investment broken down into 4 equal amounts over 4 weeks. That way I get interest every week. I believe rates will fall in the short term but as demand falls the rates will go much higher.
@RicbenderКүн бұрын
I agree with the demand side as well. Thanks for sharing your strategy.
@joncarson3060Күн бұрын
If T bills and notes are in trouble, we will have bigger fish to fry.
@RicbenderКүн бұрын
You are absolutely correct. That is why we pay attention. Thanks for sharing.
@dickfoss1Күн бұрын
Thanks Ric, I appreciate this T Bill information. In fact I started buying monthly as you suggested. I don’t have 10% of my net worth in metals but I’m working on it. I’m curios what the price of gold and or silver would be if the government did reset the dollar or go digital for that matter? Isn’t the price of gold determined by the International market place? I’ve seen a couple of “Stacker” shows buy goods with less than an ounce of silver and it didn’t look believable or easy to negotiate.
@RicbenderКүн бұрын
The spot price is international. I have seen an estimate 1 oz gold price 45K but to be transparent I have yet to do the math myself. James Rickards has spoken quite a bit on the subject. I am sure we will have a currency reset so I'm preparing. Sounds like you are too. Thanks for sharing.
@RicbenderКүн бұрын
Thanks for watching. Please share your thoughts.
@nothingspecific.8119Күн бұрын
New subscriber here! Thanks for the important data! This information is just shocking! I thank God above, I have no debt at all! I use cash as much as I can! And I keep just enough in my bank to pay my bills! Unfortunately, what's coming to America is going to be absolutely horrific! This is just the tip of the iceberg!✌🏼
@RicbenderКүн бұрын
Welcome, and thank you for subscribing, and for sharing your thoughts.
@user-nx8yj3iu1zКүн бұрын
Harsh.reality is upon us Americans and many others we must be strong and courageous (resourceful)tosurvive crucial information thank you Ric
@RicbenderКүн бұрын
Thanks for weighing in.
@RicbenderКүн бұрын
Thanks
@bibibachmd9995Күн бұрын
Most do not have a clue.
@rjs7984Күн бұрын
There's no Recession don't be stupid
@RicbenderКүн бұрын
Thanks for sharing.
@dustinquintonКүн бұрын
I’m with you. Why would someone use a 22 percent credit card? It’s like economic suicide. Just like people who actually physically delete themselves, people that use credit cards don’t think that there is any choice. Also, most people who use credit cards were probably in debt prior to the recession.
@RicbenderКүн бұрын
Thanks for sharing.
@robertbrown1021Күн бұрын
I actually believe some people have plans to pay the money.
@RicbenderКүн бұрын
No doubt there are some people with the moral and ethical fortitude.