Gold's Nominal Highs Misleading, Real Value Much Higher - Lobo Tiggre

Jeremy Szafron, Anchor at Kitco News, interviewed Lobo Tiggre, the Editor at the Independent Speculator, as he explores the recent surges and dynamics of the gold market. In this analysis, Lobo Tiggre dives into the underlying factors driving gold's record highs and the potential future movements in the market. With rising geopolitical tensions and economic uncertainties, Tiggre provides unique insights into how these factors intertwine with gold's performance and silver's price. Tiggre also looks at the world of new gold and silver buyers who have emerged to the market outside of central banks.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Lobo Tiggre on X: @duediligenceguy ( / duediligenceguy )
0:00 - Introduction
1:50 - Gold's Record Highs
3:30 - Impact of Geopolitical Tensions on Gold
5:15 - Historical Impacts on Gold Prices
7:00 - The Role of New Buyers in the Market
9:00 - Economic Indicators Influencing Gold
10:45 - Predicting Gold's Price Movements
12:30 - Strategies for Investors During Market Volatility
16:00 - Long-Term Forecasts for Gold
18:00 - How to Position in Gold for Future Security
19:50 - Concluding Thoughts and Key Takeaways
21:00 - Invitation to Subscribe and Follow for More Updates
#gold #goldprices #silvermarket #silverprice #commoditiesmarket #goldbuyer #goldbuyers #interestrates #fed #federalreserve #europeancentralbank #equities #financialeducation
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[@Dan-yf2df]

Lobo is a great guest. One of the few market commentators who is ready to admit he sometimes gets things wrong which makes him more trustworthy.

[@briangranger1741]

more trustworthy and honest than most!

[@FloydThePink]

Great interview. Way to go letting Lobo speak without interruption!

[@janicejohnson1334]

In early 2000, I bought gold at $350 an oz . . . People called me stupid because I bought 10oz at that time . . . By The Way . . Still have those 10 coins

[@imconfused1237]

The reason they ‘call you stupid’ is because you don’t understand time:value. The opportunity cost of having $3.5k largely stagnating for 24hrs IS horrendous.

[@elzbietamaciag4747]

630%😱

[@paulsteen7641]

If you annualize it that’s not a bad return! Much better than leaving in the bank and now getting a negative real rate of return. As for the opportunity cost argument - having a small amount of PMs is just a part of having a diversified mix of asset classes

[@lamentate07]

@@paulsteen7641 The opportunity cost argument is BS because it's mostly retrospective. 'Oh instead of buying gold, you could have bought this stock instead'. It's a different asset class. It's best treated as an alternate form of savings, a way to get out of cash, for the average retail investor.

[@imconfused1237]

@@lamentate07 My friend, when it comes to investing, you need to know your opportunity cost. It is fundamental knowledge and if you don’t understand that, don’t pretend you’re an investor.

[@jimwood1062]

Great interview. Love his humility. Gold and silver plunged Friday afternoon due to massive paper shorting. They were afraid to lose control

[@dannytrader2865]

Lobo is great, he gives a realistic and thoughtful outlook on things! He's not a PT Barnum type of a guy hyping things up for hype's sake. He calls it as he sees it and doesn't care if people don't like it. Thank you and God bless!

[@sk-nc4ew]

How rare to see experts admitting they erred. That is the trait of a trustworthy and honest person. That you Jeremy for giving Lobo the stage, much appreciated! His insights are always great :-)

[@TheKlaus3001]

People always get's this wrong. It's not gold going up, it's currency going down.

[@Sola_Scriptura_1.618]

I don't buy Gold or Silver to make me rich! I buy ounces to store my wealth! I save in ounces and spend in fiat.

[@imconfused1237]

Well it’s done a poor job of storing your wealth, given that inflation has far exceeded the growth of gold and silver. Or don’t you know that?

[@Sola_Scriptura_1.618]

@imconfused1237 , you can have your own opinions, but the facts do not support your opinions! Gold price in 2008: $872 Gold price today: $2,342 That is a 268% increase. Inflation from 2008 to date: 39% When Costco sells out of Gold, you know the Fiat system is at the beginning of the end. First slowly, then all at once.

[@robdavidson2569]

​@@imconfused1237 has it though? 1900s average house was 150-200 oz gold. today average house is 150-200oz of gold.

[@PaulB-gl1ix]

@@imconfused1237You have got to be kidding… right? I’m up 30% in the last 6 months.

[@imconfused1237]

@@PaulB-gl1ix You’re actually up 25%. With an asset as benign as gold, +/-5% makes a huge difference. Meanwhile, Bitcoin is +150% over the same (Cl to Cl) period; outperforming gold by 6x.

[@anahitakatrak5995]

Mr. Lobo is a great speaker and does his research well.

[@terryiversen889]

Always love Lobo and his perspectives!

[@HelnoIaint]

Commodity super cycle is just getting started

[@saltydog1196]

$3500 gold and $100+ silver will happen this year!

[@gwills9337]

Could be 🚀

[@jamesdean7756]

Dummy

[@FrankyS74]

Much more!! For example how about the bitcoin.. It means next to nothing comparing to the gold.

[@Radio280]

Maybe next year, but not this year

[@saltydog1196]

@@Radio280 maybe as soon as Monday 🤣

[@tharinduvitharana]

US is printing dollars endlessly... National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...

[@siiwok]

2500 gold inevitable

[@gwills9337]

$2500 within reach. $10k inevitable

[@user-tx1rr3rb1q]

It came so close yesterday even Canadian prepper had a expert on saying the opposite to this joker

[@normandolinic2044]

Penny stock common AAGC acid ok in 2008 ,hoping it goes to$5-$10 a stock.

[@dimastashyi1793]

Much higher, 3000+

[@user-tx1rr3rb1q]

@@dimastashyi1793 ohhh the markets will crash tommorow the last time they were this high was 1921

[@simon359]

Look at the ratio of silver to gold, we’re not even close to the end!

[@normandolinic2044]

How about penny common stocks AA G C

[@gregmartin2455]

Non US gold buyers mirroring their Central Banks.

[@islesanctum833]

Yes!!!

[@janicejohnson1334]

WOW . . . Really nice to see KITCO finally has a real professional . . Jeremy - I hope you do well - you are a true asset to KITCO

[@brian6x]

They always have had that.

[@chuqing99]

Right on, Lobo.

[@rifleman42051]

A ton of retail is buying Silver plain and simple!!!

[@mrlarry999]

Great interview! I always enjoy Lobo.

[@holaclive]

The late Jim Sinclair (Mr Gold) Said China has accumulated 50,000 tonnes gold. The Chinese now own the LMBA, contracts priced in yuan Price setting moving to Shanghai. It's in Chinese interests with their large gold holding to reveal the true value of gold. Keep watching the Shanghai gold price Get ready

[@imconfused1237]

Yeah. And I could say that they’d bought 100k tonnes. But that wouldn’t be true either. Surely this penny is going to drop? If there was such demand, the price would be absolutely skyrocketing. It never has.

[@AshleyKeith-vw7ws]

Investing in gold seems like a good move, especially with the current market uncertainty.

[@ScottLarrry]

Absolutely, gold has always been a safe haven asset in times of economic turbulence.

[@JessicaKeith-uj1jq]

@@ScottLarrry But isn't investing in gold quite complicated? I've heard stories of people losing money because they didn't understand the market.

[@MelissaHobbs-qm8wi]

That's true. Without proper guidance, it's easy to make costly mistakes.

[@pastmyprime6330]

The correction yesterday needs further explanation…that was a very coordinated sell off and it’s important to understand who was behind it and why they, apparently, freaked out and pulled the chute. It’s important to remember that gold and silver were both going parabolic at the time…were TPTB about to lose control? Also worth exploring is if this kind of manipulation is sustainable given the potential arbitrage opportunities available due to the eastern exchanges becoming a competitive option to the Comex/LBMA.

[@btgan3838]

I'm not familiar with market codes. Can you kindly tell me what's TPTB? (Thank you.)

[@mrqwerty65]

The powers that be.?

[@user-ey8tz5ct5p]

why do the banks want to keep silver down?

[@paulbunyon6324]

Good interview Jeremy.

[@jackjune156]

The amount of sales Costco has could be quadruple if they would have stock. Every time I go to check, they got a new load but are sold out again.

[@brendamarie7627]

Thank you Costco for educating the normies. Nothing like a shortage to want people to buy 😂

[@kasRose311]

Same

[@CjackJamie]

Great guest, very down to earth, sensible.

[@lucstolle7195]

If you want physical, hurry because soon there will be none!

[@Sola_Scriptura_1.618]

Unobtainium!

[@sandyfoot]

@@Sola_Scriptura_1.618 yes. And unaffordium.

[@luffebassen]

Not true.. There will always be plenty for sale. Just not at current price.

[@keithkantrowitz7591]

Gold maybe for sale, but no guarantee they will sell it for USD....might as well use monopoly money

[@alfonsoramos139]

Love the interview ❤❤❤❤

[@LeeuwAdelaar-xe7hh]

Kitco always great too hear you cowboy 👏👍

[@nikolafrleta4609]

I like new guy. Lets ppl speak. Valid questions. 2 thumbs up!

[@brian6x]

About this new buyer...are we talking a government, a country, a private investor, an ETF, a hedge fund, a retirement fund.? Can we narrow this down a little?

[@imconfused1237]

It’s more baseless waffle, invented to feed the demand narrative. Gold bugs cannot get enough of it.

[@geraldhowse8597]

Try central banks.

[@kayeninetwo3585]

A really great interview. Lobo seems to be able to articulate the nature of this strange PM market pretty coherently...in a way that connects to a broad audience (of which I'm at the bottom end.) And Jeremy asks all the right questions. Thanks to you both for the insights.

[@anthonyh5747]

Great interview and guest

[@Silver-Chair]

I remember watching Lobo a few months back and he made me doubt my silver stack LOL This was fun to see! I am glad Lobo is changing his outlook.

[@phx4closureman]

3:10 *THANK YOU FOR THAT, SIR!!!! Btw.... **1:50** I just subscribed!!*

[@StackingSurfer]

Great conversation

[@darrellcross4538]

Excellent interview, liked the honesty.

[@Andrew-yt6pf]

Lobo's a great analyst.

[@chuqing99]

For Silver, it has industrial use, in the hot EV and solar area, so this round of catch up is for the shortage in silver for that reason. The catch-up to gold will be much later. We can use gold silver ratio to determine the allocation between gold and silver in our portfolio.

[@Mitchx111]

And you didn´t mention millitary use.

[@normandolinic2044]

In a depression think you don’t worry about that ,how about common penny stock AAGC did ok in 2008.

[@luffebassen]

There is about a monster box of AG in a cruise missile and it looks to me like production is about to ramp up.

[@TwitchRadio]

Thanks for the news guys.. And thanks for your time most of all😎✌️

[@user-tx1rr3rb1q]

Hang on mate the last time i checked yesterday gold nearly reached 4.500 i was watching a expert saying today how he found it hard to understand how it suddenly dropped so fast in the space of a few hours. I think 790 billion dollars was the net loss i believe. Or paper money maybe now as much as you talk the talk i too have worked for both banking and mobile companies and as a investor myself i dont just listen to people on here i have freinds inside banks who tell me something is wrong ... ill leave that there. Warning to fed dont increase the intrest rates

[@rap3208]

Perhaps buyers are still hesitant being unused to gold appreciating to much. When they have adjusted to the idea, they won't be that timid anymore.

[@stevechilcoat2353]

What would happen if a major financial co. starts buying mining stocks? It could be a gold rush.

[@scottferguson2712]

Silver is the sleeping giant in my opinion

[@MilledSteel]

Uh, no. For silver to “catchup with gold” it would have to be almost 3x its 1980 high, nevermind “surpassing” gold as is said to be common in a PM Bull.

[@clownworld33]

The price of oil could be scary.

[@cavenuoane3586]

am also worried

[@kengaroo5170]

$130

[@832elf]

How do you know it’s just one person buying gold and one person buying silver? Where is the evidence? Why is it not a few buyers or many buyers?

[@bennyboy5374]

16:30 better to do a Tin and Silver ratio. Since they are used together so much in everything we use

[@titchglover2601]

Good humour from your guest in opening.

[@randalcolucci6833]

I love how these so-called "experts" never commit to anything at any time. The markets are so manipulated (whatever they are - commodities, metals, interest rates, introducing "new buyers"), a team of top flight economists are no better at prognosticating where metals are heading as forecasters are accurate about the weather. Naturally silver will lag and then have higher percentage gains by simple math: when numbers are small (like the price of Ag) and there is movement from say, 20 to 30 dollars an oz, it should be clear that this percentage gain is higher than Au going from $2100 to $2350 an oz.

[@rap3208]

You can't predict because the government and the ones in charge are also actively kicking the problem down the road. They will just work enough to be able to pass the problems on to the next administration and not be seen as the ones to blame. The next administration will also be doing the same until there'll come a time they won't be able to hide or prevent the inevitale and then the shit will hit the fan. When will the shit hit the fan? That depends on how good the ones in charge be able to postpone it and pass it on to the next to solve it - nobody knows.

[@ILLUMINATOR49]

Your host expression looked “interesting “when you revealed the truth behind ALL TIME HIGHS. And told this TRUTH 🤔🖖🙏

[@zzbudzz]

Gold at all time high and silver still is just above half its ATH?

[@abrahams.lincoln6749]

Silver is a warm turd.

[@edwinj.t.p5998]

Question in regards to US gold investing and prices. In Hanoi, PNJ Co. announced a rise of VND400,000 (US$15.75) in both buying and selling gold at VND82.1 million ($3,232) and VND84.1 million ($3,310) per tael. Would this action affect the US?

[@Castorios]

Gold is Mother Nature's Bitcoin...

[@cuteandfunnyearthlings2863]

India is the new silver buyer

[@scraig9120]

the silver required for PV's and the rest of the electronics industries is/will drive prices much higher

[@thehungergames8918]

Silver 🥈 💰 Platinum 🥈 💰

[@xancypillosi9497]

Platinum beat up right now.

[@normandolinic2044]

How about common penny stock ,AAGC did ok in 2008 ,hoping it goes to $5-$10 a share

[@davidav3980]

Could the new buyer of gold be China. I read that they have been dumping treasuries (USD) and buying and taking physical possession of gold like there is no tomorrow. How can we get a real audit of what each financial system (Fed, BOJ, ECB, etc) have in their vaults in terms of Gold?

[@remnant888]

Good observation. Russia and the African bloc too

[@superstar5123]

good work from Jeremy and lobo, doing god's work boys

[@nevillokapi3617]

GOLD SILVER PLATINUM

[@frankstipes4114]

Save heaven asset is the correct way to define gold.. Gold is a fallback. Its where to be when when nothing else is worthless or nervous..

[@GoodmanMIke59]

Mr Tigre, obviously you're brilliant, and I can use your help on this subject, but is it illegal to have the proper subject verb agreement "THERE ARE ?" ... The man even gave you a bit of feedback when he said it correctly.

[@normandolinic2044]

Common penny stock maybe something to get into AAGC did ok in 2008,hope it does better this time.

[@Radio280]

Market is predicting only one rate cut around or after September

[@LeeuwAdelaar-xe7hh]

I good for the channel too some different talk a bout gold and silver 👏👍👈

[@dConceptdk]

When people realise that their GLD amd SLV paper contracts are useless and worthless, real gold and silver will rise at least 300 times!

[@linserwayne1587]

isnt the new buyer China? Arent the largest gains during Asian trading hours?

[@rumcoke9123]

Middle East and China...Pretty simple. Gold is going to 3000.

[@rickybev3078]

You pronounced his name wrong its "The Great Lobo Tiggre"

[@VivencioBianesJr]

The silver is mine, and the gold is mine, saith the LORD of hosts. (Haggai 2:8 KJV) These two precious metals are both the Lord's, that's why they're gaining more value as the coming of the Lord is fast approaching.

[@deeeeeeps]

Minning has become easier since 1980. The machines they have now are incredible. I don't think it should be the same. Also way more copper mined now so much more silver on the market.

[@rap3208]

Gold is finite and reasonably rare. No matter how good you can mine, it'll just mean you can get to the available gold faster and sooner. We'll get to the point that the gold will really rocket up in prcie to cover the world's wealth if the world goes back to the gold standard.

[@davidmcnamee136]

That gold is rising in the usual seasonal weakness of spring into summer is very telling.

[@Casi978]

Nice

[@user-db1rw9cd1p]

$10,000

[@user-dj6zv9hd8j]

Gold has Never been Less than 59x more expensive than Silver...presently its at 85x+....Silver wont match Gold in a Century, if ever.

[@tacitus7]

The premiums are way down on gold bullion coins. That tells me the little guy is selling not buying. I think this is unfortunate. Any comments on this?

[@stevennelson7635]

Without food or energy

[@luffebassen]

Gold and silver is stored energy that you use to buy food from others who wants their own energy to be stored from producing food.

[@bbustin1747]

Triggered by Tiggre …. something has changed. This volatility means something. Tell us why and how to measure it. inquiring minds want to know

[@revalt2778]

if silver hit 30 in 2021 how is it catching up to gold gains

[@hennievermeulen4900]

Nobody wants the dollar to crash. If that happens where would we be able to sell our gold and silver?

[@remnant888]

International markets

[@sgoogle11]

Cocoa is 3400to10800inthree month so what is market so whats the other all metel

[@norifakiramele]

5000$

[@peterbedford2610]

GS says $2700 tihs year?

[@PaulB-gl1ix]

2700 this week.

[@marceldekker2149]

Monday gold 3000 dollar Silver 50 War Iran

[@farmersmith7057]

PAXG hit close to $3000 recently

[@martinmcdade3433]

Nothing better in SILVER than SilverCrest Metals, period.

[@seanburke6445]

Ummm where is Jeremy Lin?

[@dcrisp8888]

But look at gold v housing; the 1959 average single family house in Southern California cost 550 oz. ($19k and $36/oz) and 40 years later, in the year 2000, relationship was same - 550 ounces for average SoCal house ($192k and $350/oz) But today only would cost 350 ounces. So gold could drop to $1400 and would then be valued at historical single family real estate.

[@everythingmatterstheory7043]

that means nothing lol.. correlation is not causation..

[@johnreimers2762]

If Cramer is saying buy then sell. He is a great barometer.

[@-j-l]

You both to watch Peter Schiff's broadcast to come up to date on why gold is up.

[@phredflypogger4425]

I suspect more gold investors are buying bullion now instead of 'paper gold'.

[@hennievermeulen4900]

I'm Hennie from south Africa

[@kdnofyudbn5918]

China is the main new buyer in order to hedge their currency and their USD treasury , plus they are buying less US T-bills. Also, right before Russia attacked Ukraine, Russia's Treasury was buying gold in huge amounts 6 years before hand. Think about it.

[@brian6x]

But China is not a "new" buyer.

[@imconfused1237]

Here’s a little challenge for you. Prove it. Prove that these counties and central banks have been acquiring all this gold. You won’t be able to.

[@janicejohnson1334]

JEREMY . . . Bright, smiling personality, very nice personality, Very well dressed, . . .AND . . you do not interrupt your KITCO quest . . and PLEASE . . for goodness sakes . . . DO NOT interview the female with dollar bill shooting gun ( OMG ) what a quack

[@Scuba-D]

Half Wolf Half Tiger ALL LEGEND

[@Popnpoff]

👌

[@raymondleung25]

Would you say the new buyer could be gen z in China.? The gold bean craze is still going on

[@scottsiegfried6436]

Platinum will lead the advance to increase in value greater than silver😀👍👍👍

[@bbustin1747]

People complain about the 1%…. But they can join the 1% if they would only see the light. they just aren’t convinced … the power of recency bias is very strong.

[@frankrobertolsvik6988]

More and more people in many countries are buying gold bars. In spain it sell so much now!! And when we talking about central banks, china, russia and many many more countries, it is just a matter of time before the news have to show it on televisión. I dont think Iran is that stupid to start a war against Israel, but if that happens, US will have oil prices that make inflation go so high that it will make people cant buy food becouse of the prices.

[@JohnRuhlJr-wf1on]

The only reason we are short on oil is Biden and his BS ! If we go back to drill baby drill we will have an abundance of fuel

[@bruce5895]

Iran just launched missiles and drones against Israel as of 330 pm Sat. Gold is about to go to the moon.

[@SpaceSailor-tu3vl]

Gold is the same as a Fiat currency it would not fluctuate if it wasn’t speculative it would remain constant, gold reserve are speculative, the use . this price is is effective by inflation .

[@chrisfarrell9894]

Some might have characterized the Thylacine as a Lobo-Tiggre.