Gold Has Been Hitting All Time Highs

Gold Has Been Hitting All Time Highs - Why?

Рет қаралды 3,617

Күн бұрын

Пікірлер: 66

@ImGlyn 2 ай бұрын

Was in the shop this morning, always a pleasure to be helped by the fine gentlemen at the desk. Thank you for everything you're doing to keep us sane in these crazy times 👍

@SergioTachini 2 ай бұрын

It’s gods money baby 🖤 first purchase of gold this year. Humbled experience, interested in also getting some silver to set aside also. Appreciate your videos and your tips

@monotremata9892 2 ай бұрын

I can't afford to buy gold or silver at current prices , but i am panic buying 10 , 12 , 15 and 18 year old single malt Scotch Whisky !

@feridunaltun-ye2xq 2 ай бұрын

Never made it to stacking them in a cellar. If you manage you could get rich. Just look what some Japanese Malts are fetching 😂

@Knackers_Oreilly 2 ай бұрын

Thanks Michael. A very well explained generalized vid.

@shanelampard1114 2 ай бұрын

Always good hearing insights Michael. Thank you. 🤪

@SeeJayCampbell 2 ай бұрын

Very balanced message, nice to see

@wombat1184 2 ай бұрын

Gold has gone up roughly 50% in the past twelve months, with all what is happening around the world, something big is coming 🤔

@2ime2shine 2 ай бұрын

Try 30%... was around $AU3100 October last year

@wombat1184 2 ай бұрын

@@2ime2shine 🫡

@Silver_Backed 2 ай бұрын

Incorrect. Silver is 49% and Gold is around 30%

@roamingalone5226 2 ай бұрын

Thanks Michael!

@peterepete-uv1oh 2 ай бұрын

Thanks Michael...

@brettpark2161 2 ай бұрын

Great to hear you're opinion on what's happening cheers

@Seven-Seven-77 2 ай бұрын

If it’s not geopolitical tensions it’s monetary policies, supply constraints or investor sentiment, these are all contributing factors to a rise gold and silver price. Central banks, especially in the Eurozone and China, have embraced monetary easing, contributing to gold’s rise. And as Michael said the U.S. Federal Reserve has taken a more cautious approach, expectations of potential rate cuts in the near future have bolstered gold prices. Lower interest rates generally make gold more attractive compared to bonds, as the opportunity cost of holding gold decreases

@Gazza123-hi1rr 2 ай бұрын

Love U Guys and thanks for posting

@jamesreal7987 2 ай бұрын

THANKS MIKE

@sticustom 2 ай бұрын

It’s not a Bullion Now video unless Michaels phone goes off.

@chinsoo369 2 ай бұрын

Great advice. Thanks

@Gazza123-hi1rr 2 ай бұрын

Very Good Advise

@gwydialanagan1024 2 ай бұрын

Well said Michael. My stack over the last 25 years has been geared towards supplmenting my retirement. Ive been bullish on bullion since i was in high school in the late 70s, where i spent my pocket money on junk food and the pinball machines. If only i knew.😅

@Knackers_Oreilly 2 ай бұрын

How is the stock of 1kg and 1/2kg silver buybacks bars?

@BullionNow 2 ай бұрын

We're seeing a few sellbacks with the increase in spot, but they're going out faster than they're coming in. The kilo buyback tub we have in the shop was empty yesterday for the first time in a WHILE!

@Knackers_Oreilly 2 ай бұрын

@@BullionNow very interesting. Thanks

@chimer81 2 ай бұрын

Nice one ! Thank you

@stephenbeyer4315 2 ай бұрын

At these prices, I'm holding back (hasn't helped I've just come back from an overseas holiday, so my powder is non-existent right now). Platinum still has my interest, but gold will need to come down, or my wages go up

@JohnFrazer-jb9oi 2 ай бұрын

Only been a stacker for a short time l’m glad I found your shop , yes we are living in trouble times. Again you gave some sound advice and views on the world. Cheers to you and your team.

@half_a_dozen_mars_bars 2 ай бұрын

Buy Buy Buy!

@josephdejak8145 2 ай бұрын

Large central banks are accumulating gold to a ratio of 1 out of 8 ounces of gold coming from the ground think about that the financial system is not good. Myself i try to buy on a regular basis just in case it becomes unobtainable down the track into the future (DCA).

@gregford5991 2 ай бұрын

Great advice Michael, clears nothing up😂😂😂

@BullionNow 2 ай бұрын

Haha, it's one of those "combination of a few factors" answers. Not quite as clean and simple as a 1 reason answer, but still worth trying to answer for people who are curious!

@theaustralianconundrum 2 ай бұрын

@@BullionNow I do like this precious metals caper however for me it's obviously a highly capricious historical endeavor that I just can't take it seriously enough to hold more than maybe 50K in spot............. I'm probably as anti "prepper" as one can get. My wife and I and our families are instead buying apartments/flats etc as fast as we can get them to rent out. Cheers mate!

@briansmythe3000 2 ай бұрын

There's Gold in them dam hills Gold I tells ya 😮

@BadBoybBubby 2 ай бұрын

Gold is literally in uncharted territory right now, even adjusted for inflation its at it all time high ever.

@lolly_bread 2 ай бұрын

Hmmm adjusted for who's inflation? I notice groceries prices and many of them are double what they were about 3-4 years ago but have our wages doubled in that time? - Has anyone even got a measly pay rise in that time (aside from a teeny Gov't tax break)? We've been conditioned over many years to accept low prices on the items that matter most (PM's commodities, etc.)

@BadBoybBubby 2 ай бұрын

@@lolly_bread I'm talking back in the 60s bro

@lolly_bread 2 ай бұрын

@@BadBoybBubby you sure are. get with the program.

@marccaillotdechadbannes6249 2 ай бұрын

Your comments on copper earlier on in the week definitely seem to have made an effect on my sales this week!? 🤷🙄😂

@sweechen9762 2 ай бұрын

The price of gold and silver have been artificially manipulated and suppressed by the big western banks through futures contracts for decades, Both precious metals are way below their true USD value given the debasement of that currency. We are still a long way from what would be fair value. Don't bother trying to put a ceiling to it until we get to 5 figures for gold and a gold-silver ratio less than 30.

@davidhamtaro 2 ай бұрын

Worrying. The great reset accelerating?

@rustie4242 2 ай бұрын

Hi Michael, is your Pakenham store open?

@lolly_bread 2 ай бұрын

Not yet. He said in a Q&A a few days ago that it's happening but they've still got lots to organise. Soon!

@BDK86 2 ай бұрын

Have the superpits arrived?

@BullionNow 2 ай бұрын

They have! The team is picking orders for them now and getting them put into storage or sent out with shipping!

@WycliffeCromwell 2 ай бұрын

Hi Michael. I think it's the ongoing reckoning of Fiat currency and its devaluation. It's like 2 tectonic plates constantly pushing in opposite directions. One force is the faith in fiat currency. The other is faith in Gold. Just like tectonic plates, every now and then one pressure suddenly overcomes the other and that's what we are experiencing at present, until people feel an equilibrium of value between the current purchasing power of fiat and a weight of Gold. This is just as natural, inevitable and unstoppable as earthquakes. We might call them currencyquakes. Enjoy. Im giving this one an 8.0 😂 I expect an expected tamp down tomorrow and Tuesday before Comex options expiry on Wednesday. Then a continued rise next week.