Powell Says Gold and Bitcoin Are not Stores of Value Nor Challenges to the Dollar.

[@sebastiaanthijn7982]

Powell is essentially doubling down on the idea that the dollar is going to remain the world’s reserve currency, despite all the hype around Bitcoin and gold. I mean, I get it from his perspective. The dollar is backed by the U.S. government and our financial systems, but a lot of people are still leaning toward gold and Bitcoin as alternatives

[@rodgertim2881]

I think Powell’s got a point though. Both gold and Bitcoin are extremely volatile. Gold has been considered a store of value for centuries, but it doesn’t generate income. And Bitcoin well, we all know how much it swings.

[@John-vf8qe]

It’s hard to consider either of them as a real alternative to the stability of the dollar, especially when the dollar has such global influence.

[@LoydJohnson-kp3jv]

That’s true. Gold and Bitcoin have their appeal, but they don’t have the same stability or widespread trust as the dollar. Powell is trying to reinforce the idea that fiat currency, especially the U.S. dollar, is backed by economic systems, regulations, and trust

[@CarlAcevedo-sc3bl]

With gold and Bitcoin, there’s no central authority, no one to back them if things go south.

[@RandyColby-mj1zm]

Right, but isn’t that part of the appeal for a lot of people? The decentralization of Bitcoin, in particular, is what draws investors. They see it as a hedge against inflation, against government policies they might not agree with. And gold has always been a “safe haven” asset during times of uncertainty

[@Watersbill89]

The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like Al-focused ones, look strong long-term, the volatility makes me cautious. Even B!tcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.

[@Dylanchris8048]

I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.

[@lillyvazgueztk1410]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

[@Jayraymond897]

"You guys are making sense, but here's my dilemma: I know I need a financial advisor to guide me, but I have no clue how to find someone legit. Too many options and way too many scams out there. Suggestions welcome!"

[@lillyvazgueztk1410]

I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Tracy Britt Cool Consulting" I've worked with her for some years and highly recommend her. Check if she meets your criteria.

[@Jayraymond897]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@tylericut2790]

On this channel after many years watching, Mario seems like a real gentleman

[@user-Old_Ben]

Yes, well the English and Brazilians have a strong culture of politeness. Nothing wrong with that! I do like the extra insight into Clive's and Mario's BTC/Crypto journeys. It definitely has been a journey!

[@christopheryaxley]

The only way l see what he said about bitcoin and gold, is Bitcoin has taken people away from buying gold, an l think if Bitcoin was not here or available to anyone gold would be double the price it is 😊

[@holaclive]

This they say is why Bitcoin was invented. Armstrong says the CIA wrote the code for Bitcoin, all transactions traceable

[@theendgame7451]

@@holaclive Well then tell us which ones are mine?

[@theendgame7451]

@@holaclive SHA-256 has never been hacked.

[@OKUHTGY98]

And that's why I started to buy bitcoin in 2017 as well as gold as a hedge! I've been into gold and silver much longer but I follow bitcoin as well before well before 2017 but like most dismissed it.l started to accumulate some in the 2017 bull market and have keep cumulating ever since. Look its gold in a digital form what I trying to say you can have control ( it's a bare assist) like gold but unlike gold you can take it anywhere but only if you control you private 12 or 24 work keys

[@OKUHTGY98]

I started to buy bitcoin in 2017 as well as gold as a hedge to monetary debasement I've been into gold and silver much longer but I started to follow bitcoin as well before 2017 but like most dismissed it! l started be curious and accumulate some in the 2017 bull market and have keep cumulating ever since. Look I've come to see it like gold in a digital form, what I trying to say you can have control of it ( it's a bare assist) like gold but unlike gold you can take it anywhere! By holding control you private 12 or 24 work keys if you want learn more a good place to start is the book "B is for bitcoin"

[@MM12684]

Jay Powell has beclowned himself

[@warningsigns4526]

YT will not allow me to reply now - someone at YT is watching what I post

[@darinmullins4770]

He is puppet like janet yellen .

[@wojak86]

he done exposed himself, get him out of there!

[@wojak86]

he obviously works for the central bankers and wall street, not the american people >< RAISE RATES STOP DEVALUEING THE DOLLAR you fascist.

[@darinmullins4770]

@@wojak86 he works for the 1% ✡

[@reaganwestlake]

Trump and black rock will do a rug pull on bitcoin when they have enough people in

[@modus_operandi2508]

Yep ,or the NSA will

[@Bignumtt]

I actually think this more as time goes on 👍🏼

[@Ofelas1]

BlackRock = Fink, a leading old family running the FED, as Rot schild, Rockefeller, Warburg etc

[@paulbunyon6324]

I agree. With eyes open I can see that Joe Public is being used and set up for ultimate failure with BTC. These crooks know what they are doing and with Trump and his sons getting giddy over BTC it becomes more obvious that BTC is a grand Ponzi scheme. Gold has stood the test of time, literally thousands of years.

[@QuaaludeCharlie]

Satoshi Nakamoto Means your Death , Your wealth is at the Whim of Others Blockchain was Made to Keep the Wealthy holding Wealth and The Undereducated Broke Do you want to be the reason your grandkids get Killed by Digital Programmable Money ? Digital Programmable Money . CBDC's like China , Everything like China for your descendants .your fault ? Digital Money is a threat to Mankind , The End Result is we die leaving the children with their Doom and Demise. Fight Digital Money in any forum . Life does not promise you Electric Power or the Internet . Buy Gold and Silver . Stack something , Even Copper , Nickle and other Metals , Heck buy a Metal Detector just as Insurance to feed your family . Characteristics of sound money , You know where your Gold is .

[@caroledoerr6872]

If Powell is correct, why are Central Banks buying gold?

[@markwithak2055]

Feels a bit like Fort Knox is empty... LOL. "The Emperor has no Clothes"

[@jayboss2556]

70yrs no audit

[@christopheryaxley]

@@markwithak2055 yeah about time they opened it up again, full of fools gold

[@markwithak2055]

@@jayboss2556 Wonder who controls the US..

[@markwithak2055]

@@jayboss2556have you been robbed?

[@djjojo1630]

8000 Tonnes or 8000 grams?

[@Ariwakikilla]

The Dollar is debt, no more debt is no more Dollar.

[@mac6452]

1776 Colonial Script would be nice.

[@user-Old_Ben]

The Real USD is not debt. The REAL USD is gold or silver - as defined by the Supreme Law of the US. The current currency is a Federal (not) Reserve (none) Note! This is debt! They creat the currency for nothing! They buy your chickens for free! We are in dire straights!!! kzbin.info/www/bejne/rYWzY4WLecSWgpI

[@user-Old_Ben]

Yet Mario is correct - the real problem is _War!_ ... Dire Straights are also correct! kzbin.info/www/bejne/oJnHd5hpmtuLps0

[@georgeyao436]

He is a mouth piece for the powers behind the throne saying what someone wants. Puppet on a short leash. Talking head like max headroom.

[@cockyhemi]

You win best comment.

[@robertdlucas7418]

The man is a lawyer for heaven sake.A case of the "Peter Pence " and principle operating.

[@auntiefiat9769]

Or like the Wizard of Oz

[@Bill-g7d]

Like most politicians e been over the decades. You don’t go from a $1 trillion debt in 1981 to $36 trillion today by accident. It takes a lot of corruption.

[@LeviRobinson270]

Take up one idea. Make that one idea your life -think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success.

[@Danita-l7h]

​@JanetDom-o9iplease I have been hearing about this Grayson Amelia How do I easily contact her?

[@Danita-l7h]

Is there anywhere I can get across to this woman for a startup?

[@InterMilly]

Grayson amelia contact details

[@InterMilly]

+13

[@InterMilly]

6536

[@ALAN_SATOSHI_GREENSPAN]

🥇GATHER GOLD🥇🥈STACK SILVER🥈🥇BYOB🥈BE YOUR OWN BANK🥇

[@nonjaninja4904]

Fiat is not a store of value. Gold is. These clowns think they can pull the wool over our eyes because they have some job title.

[@213thAIB]

Powell doesn’t even know what inflation is! Or so he’s said.

[@EmilianoLeonard-u7c]

I'm retired at 47, This video here reminds me of my transformation from a nobody to having over 65,000 biweekly profit, a honest partner and a good daughter full of love ❤

[@paulsondmitriev1008]

I can still remember the exact feeling on my biggest payday in the market. Imagine taking home $407k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a newbie

[@QueenZambia]

Huge! been trying to trade on my own for a while now but it isn't going well. Few weeks ago I lost about $10,000 in a particular trade. Can you at least advise me on what to do?

[@StephSmith-j8t]

🙏 *12k to 407k is significant increase. My first copytrade wasn't profitable. Please share who you copy trade*

[@paulsondmitriev1008]

I only copytrade one manager

[@paulsondmitriev1008]

JaniceCoash...that's it💯.

[@carlsitler9071]

Bitcoin has two downsides for me as it is literally nothing real and it has major third party risk as governments can and have banned it.

[@gwynedd1]

What ever. Everything has risks and there are counter measures. Buy some as a hedge. I hedge everything. If you need to leave the country BTC is the way to go. Regionally gold works well . one protects the other.

[@kevinjoseph517]

Gateway to CBDCs....and when [not if] grid goes down its POOF!

[@gustavfourie5099]

Which government has successfully banned it?

[@_m_K_.]

What people don't understand, just like the swift system, governments can block access. So they can block access to sites like coin base and other places where people trade. VPNs can be blocked. All a government has to do is say t--r-ism word and ban all access to bitcoin. It will exist, but you would have to physical leave the USA to access and your wallet still may be sanctioned or blocked.

[@foxmoongaze]

I'd not be surprised that the USA government supports bitcoin, it's a great way to lend dollars to them.

[@mac6452]

They most likely created it and own it.

[@billbarney4937]

@@mac6452 absolutely. think about it for a minute. fool the masses then pull the rug on bitcoin

[@jessied3696]

Gold isn't a store of value but debt is?

[@mac6452]

😂

[@carbonduke01]

Huh? Explain this a bit further

[@Asmodai2011]

It all depends on from which perspective. More debt equals more control. Translates to more power for its distributers. To a game creater overlord, debt is their tool of dominance. The overlords giveth and taketh away. Currency must be backed by tangible money.

[@mac6452]

@carbonduke01 it's all debt, just printed then charged to use it.

[@markwithak2055]

War is peace. Freedom is slavery. Ignorance is strength. Debt is savings. #1984

[@josef56]

Good morning Mario, Clive! Have a Blessed weekend! Thank you for the excellent exchange!

[@maneco64]

Thanks, you too!

[@kmk9119]

Gentlemen your show is a real highlight of the week ! Thank you so much.

[@sawtoothbygeorge]

Gold is so shinney and nice to look at, the paper dollar is sooooo boring. Powell is so full of "it".

[@brettbretterson6062]

Powell is absolutely correct. He's not talking about stores of value, he's talking about currency.

[@that_heretic]

Hoarding of physical gold is literally why the world went away from the gold standard in the first place. The gold was of better use in high value products in the economy, like computers, instead of under people's beds. I don't understand why this idea is so hard for these people to understand ... but here we are. If you want your economy to grow, currency should be moving around quickly, not hoarded. Money is not wealth.

[@JimIntriglia]

What’s the U.S. national debt again?🧐

[@davebellamy4867]

​@@that_hereticSo why did the greatest economic and technological growth that actually benefiited thecordinary person (railroad, internal combusion engine, aeroplanes, electricity, telephone and so on and so on come during the time of the Gold Standard? New tech today is all for control of people not their benefit and it's determined by oligarchy and governments. Gold was hoarded ONLY when there were runs on the banks who extended too much credit in their typical fraudulent manner against their reserves and those went bad after the 1929 crash. It was just an e

[@davebellamy4867]

​@@that_heretic​ So why did the greatest economic and technological growth that actually benefited the ordinary person (railroad, internal combusion engine, aeroplanes, electricity, telephone and so on and so on) come during the time of the Gold Standard? New tech today is all for control of people, not their benefit and it's determined almost solely by oligarchy and governments. Gold was hoarded ONLY when there were runs on the banks, who extended too much credit in their typical fraudulent manner against their reserves and those went bad after the 1929 crash and European bank failures. It was basically an engineered credit bubble and bust to steal the people's real money. It worked a treat. Now, under fraudulent fiat currency regime sine early 70s, we have the greatest credit bubble in history in a hollowed out, deindustrialised gig economy and when the rug is pulled, no doubt a high tech, maximum control 'CBDC' solution will be offered.

[@davebellamy4867]

​@@that_hereticSo now if you are right, we have the same problem now. Bitcoin and other cryptocurrencies are being hoarded and almost never spent. Under the Gold Standard, this didn't happen until the financial crash and bank runs of 1932-1933. As this crypto hoarding increases, it will send the velocity of fiat currency to near zero. Therefore the governments will have to ban or steal these new "stores of value" in the way that Execurive Order 6102 ordered the subjects of the USA to turn in the gold in 1933, at a fixed price that they determined on threat of ten years in jail. You have the same problem with crypto now as you sid with gold in 1933 - only much worse because crypto is being hoarded almost in its entirety from the start and that was not true for gold, except in times of extreme financial distress.

[@samuelgaver7757]

Any fiat currency can and will go to zero and gold will not. So how is it possible to say gold is not a store of value? Also when Andrew Jackson cancelled the national bank and paid off the national debt there was a long period of unparalleled prosperity in the country. These two historic occurrences are hardy ever connected.

[@user-Old_Ben]

Yes! Leverage (debt) and degenerate leverage (gambling on borrowed money) can become very destructive to any economy. At some point the big banks realized if they lose money, their stock price goes down. If they "default", they realize that the ENTIRE SYSTEM WOULD COLLAPSE ... say maybe around 2007, this realization hit. They - the large banks - being greedy pigs, also realized the USFEDGOV would not allow a full on collapse, yet this may be the worst outcome as now the BANKS have privatized profits and socalized the risk! This is fully diabolical! The BANKS know they can make huge bets and make lots of money - or make huge bets and "lose it all and then some" and Uncle Sam will most likely bail them ALL out... with TAX PAYER funs and FUTURE TAX PAYER FUNDS AND FUTURE FUTURE FUTURE TAX PAYER FUNDS!!! Dissolve The Federal (not) Reserve (none)! They are an illegal NGO and not fit for any purpose - anymore! - Restore The Republics!!

[@jeffstahl3327]

After Jackson cancelled the National Bank (1836) there was an immediate depression known as "Hard Times" 1837-1841. Jackson paid off the national debt by selling millions of acres stolen Indian lands to Wall Street speculators for pennies on the dollar.

[@snowyowl6892]

bless this man,for caring 🙏🏻🙏🏻🙏🏻

[@fullofhope2222]

3 things I WILL NEVER understand 1. the off side rule. 2. cricket. 3. the bond market 😕

[@silvermojo5563]

Ditto

[@carlsitler9071]

4. Women.

[@fullofhope2222]

@@silvermojo5563 😅

[@fullofhope2222]

@@carlsitler9071 actually - yes! - me too!

[@Boobook663]

@@carlsitler9071 Bullseye!

[@indy5542]

Good morning good men. Thank you for sharing your knowledge.

[@arjuna3234]

All over the world budget clashes are taking place, in France, in Germany, in some states in Africa, South America, and most likely in the US early next year when the debt ceiling needs a lift. Question is how long the cerntral banks can deal with debt rising much faster than GDP, everywhere.

[@mac6452]

Before the sheep starts to understand inflation or just after

[@martinluke9470]

@arjuna3234 There are no states in Africa, but there are 54 COUNTRIES in Africa.

[@nevtheboy]

Great show Mario & Clive ❤

[@aksaime]

Mario and Clive you two are truly the “Dream Team”, I really enjoy and learn so much from the two of you every time ye appear together. I always save the show and rewatch it making notes and referencing sites and in-today’s case, books recommended. Thank you both again so much. From Almaty in Kazakhstan.

[@holaclive]

Since the Federal reserve was established the dollar has lost 98% of its value against gold(money). Downside volatility 😂

[@honig75]

Thnks sir Mario and sir Clive, bless all, have a great weekend all

[@Robert-to9zv]

So nice to see you and Clive intelligently discuss relative values. Enough said by me.

[@nikkion2140]

Powell was honest at least for once when he said bitcoin is a competitor to gold; I believed. BTC has been an instrument to absorb the excess $FRN from gold. I hope you see it.?

[@roseprouty2413]

Thank you Mario and Clive for this subject. Good to share with people I know in bitcoin. 🙏

[@rawevidence540]

Wacthing Mario try to explain to Clive about Hawk Tuah girl made my day.

[@vivb.7161]

Hilarious

[@willhart8753]

I can’t stop laughing at Mario’s response to Clive asking if he can say dingaling lmfao

[@MuckyMucky-z3c]

Powell just let out that the US has no gold reserves.

[@johnmckenney2244]

Bitcoin is NOT a competitor to gold, its a way for speculators to gamble. In that regard, it's more like a stock. Gold 's a competitor to the DOLLAR! So, what he's trying to do is pit Bitcoin against Gold, to try and lower Golds value. In doing this, he removes gold's threat to the dollar and sends speculators (gamblers) dumping their money into Bitcoin, hence helping him achieve his other goal of lowering inflation. If money is dumping into Bitcoin, that takes money out of the circulation, hence lowers inflation. Gold is a safe haven asset, it is NOT speculative. Powell is a CRIMINAL!!

[@HannaR2049]

TGIF to you Mario and Rudy and Clive!🎉 have a great weekend!

[@Asmodai2011]

Says the guy in charge of the money debasement department. Successful lawyers are spin doctors with the ability to convince us on a opportunistic interpretation of reality.

[@ashleylaw]

I like that - The money debasement department....

[@John-FourteenSix]

Great to see you guys.

[@rayroripaugh3222]

We used to buy gold in Mexico back in the 90s in Pesos and sell it in Arizona for dollars. In those days the peso was always falling in value in relation to the dollar. The big time money launderers eventually made it not worth doing. Nice to hear from you guys.....keep it up.

[@ALAN_SATOSHI_GREENSPAN]

🚨SATOSHI = NSA🚨

[@modus_operandi2508]

🎯💯%

[@Joel-ym3ij]

Anagram for : Satoshi Nakamoto : A Hook to Satanism

[@komashyaru]

Thanks for sharing your insights! Bitcoin recently hit new highs, signaling strong upward momentum that could mean exciting opportunities for investors. This growth phase shows Bitcoin’s resilience and potential for further gains. Growing a portfolio from 72k to 369k amid these market dynamics is impressive. I'm especially grateful to Loraine Souvenir tactics and strategies…

[@ThatcherPavlov]

Having access to reliable information is crucial for us as investors to succeed both financially and in life. This is valuable, I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

[@FlinnDechant]

Surprised to see her mentioned here! She tailors trading courses to suit beginners’ needs and really knows her stuff. Her advice has been invaluable to my trading journey-definitely worth it!

[@festiane]

Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed

[@BurnsKhaleesi]

It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure

[@RaylanJacobs]

I was once a holder with about 9.2B T C, 7ETH and $8000 worth of lite coin but now after starting her program, i've been able to increase my holdings using her daily insights

[@loren6393]

Love Friday's with Clive! 💎

[@CDMaclintock]

Powell knows that our "Dollar" is on "life support", and he's trying to keep people buying bonds and storing their money in banks. I'm in the process of converting most of my assets into physical Gold & Silver, and I'm at a 80% ratio of Gold & Silver to Fiat right now. I'll be raising my Gold & Silver holdings until I only have 5% of my assets in Fiat in the next few months. I have complete confidence in my plan, and I don't feel it's a risk.

[@robertwakefield7677]

Good luck!

[@jane4036]

Okay. But the price of gold bullion is being manipulated in this system. You can't beat this manipulation.

[@CDMaclintock]

@@jane4036 My priority is protecting my assets right now, so "profits" are not a big deal (to me) at this time - ESPECIALLY as the Gold & Silver I bought last year is worth $35,000 MORE today.....

[@ronaldmiller3619]

Yes, John Wayne

[@fullofhope2222]

Good (chilly) morning Mario and Clive ☘

[@richardchiriboga4424]

Wonderful lesson!!! I learn a lot on this channel!!!

[@apflewis]

"...bitcoin ETF .." That's a virtualisation of a virtual asset 🤣 You pay for a virtual asset with a virtual fiat asset 🤣🤣🤣 ".. crypto is about freedom, and the crypto economy is here to stay ..." Crypto is about conditioning the average Joe to accept CBDCs.

[@gwynedd1]

Like manero? Your bank and credit card has conditioned you. Crypto is neutral. You can either use the spy ones or not. cash might be better than BTC , but BTC is not easy to track if people actually care to have privacy.

[@apflewis]

@@gwynedd1 "but BTC is not easy to track" Gotta call that out. I remember when crypto ( BitCoin ) was the currency on the 'dark web', because it couldn't be tracked. Well, it turned out to be nonsense, every single transaction on the blockchain is tracked. That is what the blockchain does. Like CBDCs there is no anonymity with any crypto. For anonymous transactions, cold hard cash is the best medium of exchange.

[@gwynedd1]

@@apflewis How about calling out out of context straw man arguments . Decided to just take it out of context? You can buy non KYC bitcoin. You can use coin joins and Liquid , or convert to other privacy coins. You can buy gold with it to end the trail and so on. Its by default pseudonymous. So its not "easy to track". It can be tracked with institutional resources. That is not "easy" like a credit card. So yes if you have KYC and you do nothing else chain analysis will indicate who are. Also use your own node so that it broadcasts without an ip address.

[@apflewis]

@@gwynedd1 "So its not "easy to track" Disagree. Anyone has access to the blockchain explorer. @gwynedd1 "It can be tracked with institutional resources." Well, you seem to have contradicted yourself. 'institutional resources' == ability by the State to track. So, again, it seems to me, that it's just a warm up routine to get everyone accustomed to crypto and foreshadow its big brother - CBDCs.

[@charnockvideo]

Very informative chat, a great duo!

[@DarrenSmith-tq2xz]

Thanks mareo and Clive for bringing up the great content once again God bless you both stay safe and well have a great weekend ahead

[@barryg1965]

How is Bitcoin and Crypto Legers Incorruptible?Anything that is a Derivitive can be manipulated.Any Tangibles that are sold as ETF's is Manipulated.

[@barryg1965]

The Idea that Bitcoin and Cryptos are Decentralized is down right stupid to me!

[@Alpha-Cheeno]

Jerome P. spoke in class today - Pearl Jam

[@davidbradley9204]

"Nashed his teeth and bit the recess lady's breast. How can I forget?"

[@darinthesecularspiritualist]

I am so proud of clive. He avoided the dreadful high how are you doing today

[@ypcys]

I never thought I would hear Mario say Hawk Tuah LOL!

[@rodmunch1012]

"A man is a man Mrs Fawlty".

[@JustinTaylor1098]

Evening Mario, Rudy and Clive

[@modus_operandi2508]

When everyone starts cashing in Bitcoin and no one is buying...WHERE DOES THE FIAT COME FROM ???? 🤣🤣🤣🤣 OOF 🤔

[@jayboss2556]

Ur obvs not smart plz😂

[@modus_operandi2508]

Explain for me please Jay ,I'm serious, it's just a question

[@auntiefiat9769]

@@modus_operandi2508 There needs to be a buyer and a seller, for a transaction to occur. The price changes (up or down, depending) in order to find a place where both parties are willing to play.

[@kingdang855]

Great content

[@liveabovethesun]

Honor and Respect to the Channel that enjoys showing Charts. The BTCXAU Weekly Chart is interesting. Get. Keep. Stacking. Analog/Digital Are One.

[@s.g.4184]

Nixon didn't end convertability of the dollar to gold in 1971, it was Roosevelt in 1933.

[@davebellamy4867]

14:25 It's part of the effort to replace physical with paper. The 1oz contract is stated as CASH SETTLED. There is also a 10oz micro contract. Not sure whether that is never delivered. The 1oz must be a nano contract!😂

[@barryg1965]

Wow!We were just looking at William Hogarth Allegory about South China Sea Bubble!Thanks Mario and Clive.

[@peterbrunsgaard2012]

Good morning Mario, Clive, Rudy, and everyone! ☕️🍳🥓☀️

[@modus_operandi2508]

Morning sir

[@peterbrunsgaard2012]

@ 😊

[@PeterRabbit53]

Love when these guys get together. Reminds me of the two crusty critics on The Muppets.

[@johnnagle7702]

That's my thought too

[@knottyinks1]

Mario, I suspect someone has been crushing the orange pill and sneaking it into drink. History doesn’t change but technology, sentiment and innovation does.

[@ihavetofishable]

FRN - Depreciating scam... Bitcoin = Appreciating scam... Gold and Silver = REAL money.

[@Vmarigold]

Great video Thank you both and Happy Friday👍

[@GaryHardyInc]

You are both such gentlemen. Here in Texas we'd say; Powell couldn't pour piss from a boot with the instructions on the heel. Best case, Powell makes the data FIT his flawed models.

[@garymcmillan6943]

I've been in Texas 39 years. Nobody says that.

[@cockyhemi]

@@garymcmillan6943Texas is a big state. Maybe people say it in the region he’s from.

[@jes3013]

Well said, LMAO

[@ddprepper5227]

Excellent report 👍👍👍👍👍👍💯

[@rumitsomaiya753]

Good morning :)

[@maneco64]

Morning!

[@jamesbradford1815]

Could you explain, perhaps in a video, how/why and who manipulates the gold market. I am by no means a sophisticated investor, so I don’t fully understand how a futures call manipulates the gold market. Thanks.

[@davebellamy4867]

7:13 That's a coin that's easy to lose through the floorboards!😂

[@albertupenieks3325]

Music rights give you access to a potential revenue stream. Bitcoin differs in that it doesn't.

[@kmk9119]

Got mysel today another physical unze of gold ...and it feels so good !

[@koubenakombi3066]

Rudy is the smartest men in the room. I will follow whatever advice it gives! And I'm pretty sure it likes gold!

[@samantha9313]

Good morning

[@maneco64]

Morning

[@FernandoF20]

Merry Christmas too Clive and Mario

[@georgeyao436]

The value of money is what the majority of the population assigns to it. The paper dollar is just paper until it is assigned a value and validated with an official printed seal of government or bank which backs it. In essence the paper dollar has a value psychologically imprinted on the psych of individuals. Money is a human a creation in the mind. Without these imprint concepts a piece of paper is just paper and a gold bar is a gold bar without any assigned value. The value of goods and services are monetized and assigned a value. This monetization is now being tokenized in blockchain as a means to transfer and track the "value" of goods and services. To escape the matrix of the economic system one has understand the psychology of money created by the powers that be to trap and enslave us to work for and spend dollars, gold, silver and assets.

[@anthonybostock4854]

I remember a person who worked for The Fed saying that whilst she worked for The Fed they did not ever mention Gold. In other words if you are an employee of the fed thou shalt not talk or even mention gold.

[@wes5977]

Morning boys from the the republic of Alberta nice to see you both

[@OldDarkHouse-t7h]

Was Powell inferring the paper Dollar was a store of value? Someone should have asked Powell if the entire M1 money supply was all in the form of silver dollars how would the US population have done compared to his Fed notes?

[@jsmdify]

The term store of value has no agreed upon definition amongst those interested in money or economics. Nothing perpetually meets the definition most people think of which is some kind of asset that retains its value against other items that individuals desire, regardless of the time or circumstances. Gold does not do that. Bitcoin does not do that and the dollar certainly does not do that. That does not mean gold and bitcoin aren’t desirable to own and hold, but one has to endure fluctuations in their value against other assets.

[@frankdisilvio9131]

Tge Hewlet Packer scientific calculator was the best In the '70's. Texas Instruments made one almost as good for only about half the price. What great time savers !

[@CatPDX]

Thanks gentlemen! 💖

[@leehamilton5712]

Mic drop 🎤 moment timestamp @23:30.... Awesome Mario 🙂

[@johnomeara1316]

I’ve taken a loan on my pension and bought platinum I go with my gut that it will go up in price

[@johncolombo3283]

Good Morning Clive, Mario, and Ruby. Happy Friday 😊 🎉

[@rippin724]

Bitcoin is a competitor to gold, because instead of investors who want something outside the dollar, instead of going to gold-silver, are going to Bitcoin. Imagine if the private sector instead put that investment into gold and silver? Isn't that wonderful for the banks? Things that make you go hmmm when you see it...

[@showandtell4265]

If it was... They wouldnt let us have it.

[@100orBust]

If Gold is not a threat to the US dollar, why was the dollar backed by Gold and what happened to the dollar after Nixon removed the benchmark, and why are Central Bankers the biggest purchases of GOLD and why has the FED classified GOLD as a TIER 1 asset as same category as the dollar and why did Rosevelt make it illegal to own gold?

[@whodefan]

If you want a leveraged ETF on BTC you can just buy Microstrategy's stock instead.

[@anthonygargano1861]

I think he was saying Store of Value but trying to suggest “Stable Value” is a “Store of Value”. I agree if I wanted Stable Value over a short period I would own Short term T bills - if I want to preserve wealth I would own Gold and Bitcoin for the long run

[@chigeryelam4061]

This episode went in a direction I was not expecting 😇

[@echoecho5244]

Laughed my head off at the hocktooah girl coverage,! People are crazy!!!

[@blooshooz]

Jay Powell talking his book. Cant have anything casting doubt on the dollar.....

[@richgarbacik7182]

Did the canadian truck drivers get their bitcoin seized?

[@knottyinks1]

Peer to peer

[@koubenakombi3066]

Barking at the wrong tree, dude. A gold bug will never enter in this system again... it is the other way around... I hope you can collect your profits before it turns to steam.

[@Jody-howl]

Anything digital can be seized- including Bitponzi. They can turn you off - -they proved it with the Canadian Truckers. Got Gold ?

[@johnboettger864]

They live next door to each other, and share a common wall.

[@richardpeychers4076]

Both Bernanke and Powell have the same disingenuous answer when questioned about gold.

[@alangraham8926]

Great stuff from two very learned gentlemen !!! Can't wait for the Euro to go and all the EU fiscal and "legal" chicanery that went with it.

[@markhaseley3304]

Price of gold in 1973: ~$35/oz. Not a store of value? compared to what, seriously. The value of the dollar compared to gold over the last 50 years has done what... yeah exactly. Just since 2018 when the central banks declared gold a tier 1 asset again, gold was $1242 at that meeting just six years ago. Gold now, $2,600+ // Thanks for discussing these facts during your video. Still waiting for the silver market manipulation sometime the next 1-3 years (jmo from mining declines and constant demand). What are they going to do when they have no more product to manipulate?