Why Central Banks Buy So Much Gold

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Bloomberg Television

Bloomberg Television

Күн бұрын

Пікірлер: 1 000
@bjk777
@bjk777 5 жыл бұрын
Currencies are not real money. GOLD is real money
@jackbauer555
@jackbauer555 5 жыл бұрын
money isn't real
@bitTorrenter
@bitTorrenter 5 жыл бұрын
GOLD is NOT a currency. Jesus.
@Frost517
@Frost517 5 жыл бұрын
bitTorrenter gold was when the USA was founded. Gold and Silver were seen as the only money that would preserve the USA forever. Bankers and the greedy always love bread moments of fake money where they can temporarily live like gods and kings among men then the entire empire of not globe dies... Gold in some states is currently allowed as legal tender and it used to be until the illegal creation of the privately owned US Central Bank.
@commanderofkesariyaknights
@commanderofkesariyaknights 5 жыл бұрын
@@Frost517 gold has been money thousands yr before ur 200 yr old cuntry was discovered
@kirilmihaylov1934
@kirilmihaylov1934 5 жыл бұрын
@@Frost517 exactly.....
@garretttjordan
@garretttjordan 3 жыл бұрын
“Paper is poverty,... it is only the ghost of money, and not money itself.” - Thomas Jefferson
@Hybridious
@Hybridious 2 жыл бұрын
That is why we should ditch paper and go full electronic, eth to the moon. Though china has built empires on paper before other countries mainly the usa adopted it.
@neddiego2570
@neddiego2570 2 жыл бұрын
@@Hybridious Crypto is bull sh*t.
@Hybridious
@Hybridious 2 жыл бұрын
@@neddiego2570 Maybe, but at least in BTC and ETH(not talking 2.0) there will always be a finite number and it cannot have more coins minted/mined. Where fiat can be printed and gold have more mined(or be dilluted). With crypto its pretty easy to know if your crypto in terms of tokens are legit, and easier for BTC since everyone can see total reserve. Though I can understand not liking Crypto if your planning on holding for over a hundred years, then gold/rhodium would probably be better choices. || If you said "NFTs are bull [...]" then I would've agreed, the currently implementation is flawed.
@giggitygigs
@giggitygigs Жыл бұрын
Yeah, that paper would solve my problems rn
@WSWC_
@WSWC_ Жыл бұрын
No Arnold I won't clean your windows for 2 gold pieces, can I have the $350 we agreed on over the phone?
@leatherneck7857
@leatherneck7857 4 жыл бұрын
Gold is money. Everything else is credit. ~ J P Morgan
@chicosajovic7680
@chicosajovic7680 3 жыл бұрын
Gold is garbage. Credit is everything else.
@l.av.h7812
@l.av.h7812 3 жыл бұрын
@@chicosajovic7680 Gold is power over technology.
@Smiler2724
@Smiler2724 3 жыл бұрын
@@chicosajovic7680 You have just born around 70 ,80,90,20 u never seen gold and silver trade thats why you are stuck with this illusion credit
@moviesjean23
@moviesjean23 2 жыл бұрын
Debt*
@mario999kart
@mario999kart 2 жыл бұрын
*Bitcoin. In the new age of information.
@embg
@embg 5 жыл бұрын
Dude's haircut on the right made me think this was a 80's video...
@gayleclanton3311
@gayleclanton3311 5 жыл бұрын
O....and I thought it was the padded shoulders in the suit....
@juanpablomdq
@juanpablomdq 5 жыл бұрын
Isnt it??
@hynjus001
@hynjus001 5 жыл бұрын
I know! I kept scrolling down to double check the date. Also the interviewers accent and manner.
@davidwright3018
@davidwright3018 5 жыл бұрын
@Michael B you should look up "Karen Hudes whistle blower about Marcos Gold." Karen worked for the World Bank for 20 years. She says it all.
@embg
@embg 5 жыл бұрын
@@davidwright3018 Can you just summarize it here? I'm too lazy to use Google.
@MolotovWithLux
@MolotovWithLux 4 жыл бұрын
"Gold" has always been historically the best and most securely field Insurances
@dennisjanda5081
@dennisjanda5081 5 жыл бұрын
Gold is not dependent on how stable a government is basically !!
@夏夢アイ
@夏夢アイ 5 жыл бұрын
乔石 , Sheet, I thought Michael, Trevor, and Franklin from GTA 5 was the biggest heist ever... ... in GTA history. 😂
@dennisjanda5081
@dennisjanda5081 5 жыл бұрын
乔石..Name another monetary product that both Socialists and Capitalists want ??
@dennisjanda5081
@dennisjanda5081 5 жыл бұрын
@乔石..How much is it on Amazon or Alibaba ??
@dennisjanda5081
@dennisjanda5081 5 жыл бұрын
@乔石..I was asking about power not your answers !!
@RubbinRobbin
@RubbinRobbin 5 жыл бұрын
Are you basing your argument on the endurance of corrupt governments?
@codypolar6593
@codypolar6593 5 жыл бұрын
Is this a 2019 interview? Looks like the 80's and sounds like the 80's
@TitusRex
@TitusRex 5 жыл бұрын
He doesn't mention the EURO when listing several important currencies so I guess this is not from recent years.
@preethamrakshithp3522
@preethamrakshithp3522 5 жыл бұрын
Know the cycle
@pedrolopes3542
@pedrolopes3542 5 жыл бұрын
@@TitusRex No, this is a recent interview, this guy just don't like the Euro and he is pushing for consumers to buy gold. that is why he does not mentions the Euro.
@phototristan
@phototristan 5 жыл бұрын
Gold was also at the current prices in the 80's.
@Jonathan-ys3qq
@Jonathan-ys3qq 5 жыл бұрын
something about the guy's hair ...
@lionelbellec8458
@lionelbellec8458 4 жыл бұрын
"Gold is a currency like another, like yen, etc..." OK, dude: keep the paper, I take the gold...
@dboyz31
@dboyz31 4 жыл бұрын
Lionel Bellec everyone’s forgetting inflation this one currency for another bullshit
@yashthakare2059
@yashthakare2059 4 жыл бұрын
"Most Central Bankers want to weaken the currency" Respeck man
@kloner
@kloner 5 жыл бұрын
"Gold is just another currency". That's why you find it in the Commodities section ;-) Governments and Bankers want you to think that it's jewelry.
@l.f.cliverpoolfilmclub4526
@l.f.cliverpoolfilmclub4526 4 жыл бұрын
Looks like redeemable digital gold and silver will be a safe hedge against the fake fiat currencies @t
@garretttjordan
@garretttjordan 3 жыл бұрын
Not just another currency. It is money, unlike currencies
@charlesmoore5178
@charlesmoore5178 3 жыл бұрын
Jewelry and gold are Two different things 🤔
@360jcs
@360jcs 5 жыл бұрын
Gold is not "just another currency, like the Yen or Dollar..." It's a store of wealth & has industrial uses.Unlike those fiat currencies, it has maintained it's value over the centuries & you can't simply print up more (allowing it to be debased like fiat currency).
@l.av.h7812
@l.av.h7812 3 жыл бұрын
Gold is power over technology.
@gabbar51ngh
@gabbar51ngh 3 жыл бұрын
Gold is even used in space suits and shuttles. It has actual utility. When shit breaks lose, gold is what everyone wants
@zacharyrex6834
@zacharyrex6834 2 жыл бұрын
Gold and other precious materials have been referred to as “God’s Money” for a reason, spot on!
@NicheXCC
@NicheXCC 2 жыл бұрын
Did you write a typo? Did you mean "not debased"?
@stephenhomseydgi3693
@stephenhomseydgi3693 Жыл бұрын
China has 40,000 tons. Once they announce what they really have US dollar is OVER.
@alexp.2897
@alexp.2897 5 жыл бұрын
Do I need to state the obvious, gold has an inverse relationship to the dollar. Buying GOLD means betting against the dollar; for the love of god just say it. These guys are just jumping around the obvious.
@GoCanucks2011
@GoCanucks2011 2 жыл бұрын
In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.
@pengbertuuu
@pengbertuuu Жыл бұрын
If you invest 288 in SPY, you would get 2253 today. Invest in value producing companies.
@spencerhopkinson9874
@spencerhopkinson9874 Жыл бұрын
@@pengbertuuu Gold is not an investment, it's a store of value that will outlast every index in the case that you actually need to use it.
@smsmoof8128
@smsmoof8128 5 ай бұрын
Who owned/owns the FT ??
@creounity
@creounity 4 жыл бұрын
Right now, once the active phase of the recession has started in the U.S., gold is a really decent way out. It's the physical asset at the comfort of your house which you really own and which won't get extinct when banks collapse.
@6663000
@6663000 5 жыл бұрын
William Shatner got into a time machine in 1978 and traveled to May 30, 2019.
@TheFoolintherainn
@TheFoolintherainn 4 жыл бұрын
It's sad that the Gold Standard has to be explained in this revolving credit world.
@omarfarique6304
@omarfarique6304 5 жыл бұрын
Let's put it this way the central bank is printing papers (Currency) and selling it to you as "Real Money" to buy the actual money (Gold). Which is such a genus move selling printed paper for Gold.
@tonycodolo
@tonycodolo 5 жыл бұрын
The price of gold does not go up or down in reality, it is more that the (in present day) the $ has either gotten stronger or weaker. That is the beauty of gold, it maintains its value in any fiat based market.
@ሕያው
@ሕያው 5 жыл бұрын
tonycodolo no because gold is finite and rare. The demand of it is increasing so countries will be paying a lot more.
@ihatem2970
@ihatem2970 5 жыл бұрын
And by that definition i welcome gold $1.000.000.0000.000.000.0000.00 sooner or later
@tonycodolo
@tonycodolo 5 жыл бұрын
@@mokubakaiba1751 Try telling that to people who bought homes in 2008, and then watched as there home equity went negative.
@ihatem2970
@ihatem2970 5 жыл бұрын
tonycodolo but a 20-30 years housing and land depression in Japan didn’t scare you away I see
@mkaberli
@mkaberli 5 жыл бұрын
No, the value of gold in a fiat world will fluctuate constantly. But, In a world where currencies are pegged to a set value, then, by definition, the value will not fluctuate. Back in the early twentieth century, a double eagle was 20 dollars. Another way of saying that is that a dollar was worth 1/20 of an ounce of gold. It did not fluctuate. But, the value of gold in fiat dollar terms fluctuates minute by minute.
@johnmetzger7646
@johnmetzger7646 4 жыл бұрын
Gold is worth something where money is fancy toilet paper.
@aceofspeed4451
@aceofspeed4451 Жыл бұрын
Kaplan sold his oil/energy company at the peak price back in 2007. Kaplan now got into gold in a big way at possibly the best time in history to be in it. Gold is now a tier 1 asset in 2023. It will soon be the backstop for revaluation of a new reserve basket of currencies. In so doing, it will most likely enjoy a 15x increase in purchasing power that time. Kaplan is either very lucky or very well 'informed'. This is the man to emulate in investment strategies as much as possible.
@haiti808
@haiti808 4 жыл бұрын
Gold increase their value second after second while money decrease second after second!
@AAAAAA-lx2cl
@AAAAAA-lx2cl 5 жыл бұрын
INFLATION!!! When the value of a dollar goes down, the value of gold goes up. Gold is a currency that is immune from inflation devaluing it.
@mronecent
@mronecent 5 жыл бұрын
So who wanna buy your gold if inflafion is 10000%? Idiot
@FrankAmmon
@FrankAmmon 5 жыл бұрын
@@mronecent he was talking about Inflation, you talk about hyperinflation. Think about it ;)
@pseudoty
@pseudoty 5 жыл бұрын
MrOneCent that’s why you buy fractional and if we do see hyperinflation then you don’t sell it you use it to back real estate purchase or fund other endeavors
@FrankAmmon
@FrankAmmon 5 жыл бұрын
Right. Another point is the probability of a worldwide hyperinflation
@AAAAAA-lx2cl
@AAAAAA-lx2cl 5 жыл бұрын
@@mronecent but yet I'm the idiot, right? Try being a state competitor in both economics for fbla and the Illinois personal finance challenge, then come back to me.
@eric123426
@eric123426 5 жыл бұрын
Because they know fiat currency is coming to an end.
@bidmcms3
@bidmcms3 7 ай бұрын
Wasn’t true when you said this 4 years ago, not true today. When will it be?
@eric123426
@eric123426 7 ай бұрын
@@bidmcms3 lol okay. Sure.
@bidmcms3
@bidmcms3 7 ай бұрын
@@eric123426 but really when? When is the end? 2025? 2050?
@eric123426
@eric123426 7 ай бұрын
@@bidmcms3 you’ll find out.
@Xergecuz
@Xergecuz 4 жыл бұрын
You can buy gold derivatives and put it in your balance as gold, that's what a lot of countries actually do. So yes, you CAN indeed print gold.
@seanbailey8545
@seanbailey8545 4 жыл бұрын
Until they ask for delivery of said gold and either it's somehow managed to disappear or they try to fake it.
@mkaberli
@mkaberli 5 жыл бұрын
But, they keep telling us that gold is an antiquated concept, a relic of bygone times. But, like Junker said, “when things get drastic, you have to lie. “
@Dedhedted71
@Dedhedted71 5 жыл бұрын
Is this guy trying to imitate Captain Kirk on purpose?
@ChaceBonanno
@ChaceBonanno 5 жыл бұрын
😂
@rmondave
@rmondave 5 жыл бұрын
Very appropriate look and haircut we must harken back to the days of pre 1971 gold based money... and no why society was much happier the middle class was living much better and had not had their pockets picked in such grotesque fashion.. after 1971!
@fooksengloke3625
@fooksengloke3625 5 жыл бұрын
Dedhedted71 He could be the real life Captain Kirk.
@cholesterol804
@cholesterol804 4 жыл бұрын
The value of gold doesnt increase, its the money that loses value.
@kingkokoliyow635
@kingkokoliyow635 2 жыл бұрын
indeed, I've just watched a lecture titled Islam and the international monetary system, I highly recommend you watch it
@Hizone1
@Hizone1 4 жыл бұрын
I am non English but the accent of this person sitting right was easy for me to understand each of his word. Although some people in comments observing him of 80's.
@hyouzanren1846
@hyouzanren1846 5 жыл бұрын
Because its.... MY PRECIOUS!!! 🤑🤑🤑
@divya2858
@divya2858 5 жыл бұрын
I guess currency is very variable as the value of money decreases with inflation while the value of gold increases with inflation.
@SeaJay_Oceans
@SeaJay_Oceans Жыл бұрын
Gold, Energy, Land, and Weapons... the four basic food groups.
@akka2011hk
@akka2011hk 5 жыл бұрын
That is simple. One word: De-dollarization i happening all over the world
@akka2011hk
@akka2011hk 5 жыл бұрын
@Francisco Araneta The dollar is going up because it is still the predominant reserve currency now. Moreover, it's the major hard high yield currency of the world now so when there is uncertainty people still pile into the dollar. I would say the situation drastically will change in 10-15 years time.
@rafalopez1025
@rafalopez1025 5 жыл бұрын
@Francisco Araneta you just don't get it :D :D :D.... but hey the world is flat LOLOLOLOL
@rafalopez1025
@rafalopez1025 5 жыл бұрын
@Francisco Araneta keep it strong! 🤣🤣🤣🤣
@mkaberli
@mkaberli 5 жыл бұрын
No it’s not. Take the yuan/ruble deal that the Russians and the Chinese made for purchasing Russian oil. Once the purchase is made, the Russians sell the yuan on the open market for dollars. That’s because the yuan has no real value outside of China. So, in reality, there’s no abandonment of the US dollar. That’s because there’s nothing to replace it, yet.
@mgtowlife54
@mgtowlife54 4 жыл бұрын
@@akka2011hk china? Are you being serious right now?? It's falling apart as Im typing this. No, I won't be investing in a third world country like china. Sorry, not sorry.
@adriansegura6352
@adriansegura6352 5 жыл бұрын
I though central banks would be buying bitcoin since it's going to be the future of money 😂😂😂😂
@MrVijaymohansingam
@MrVijaymohansingam 5 жыл бұрын
Hahahha made my day.😂😂😂😂😂😂😂😂😂😂😂😂😂😂
@germanher7528
@germanher7528 5 жыл бұрын
Nice joke!
@franz8461
@franz8461 5 жыл бұрын
I don't think bitcoin is ever going to be mainstream. It's either going to be a phase or a side currency.
@johnjunior22
@johnjunior22 5 жыл бұрын
Bitcoin is a scam
@adriansegura6352
@adriansegura6352 5 жыл бұрын
@@johnjunior22 : yea no duh
@keepingitsimple88
@keepingitsimple88 4 жыл бұрын
Gold is money, not currency.
@thomaswalsh4552
@thomaswalsh4552 2 жыл бұрын
Perspective on the Russian buying of gold now may be different
@SimplyEconomics
@SimplyEconomics 2 жыл бұрын
Indeed. The world has been accumulating gold since the global financial crisis, apart from the main western countries.
@NangongReng1973
@NangongReng1973 5 жыл бұрын
You don't say govt buy gold. IF I have lots of money, i will buy gold too:gold coins.
@Sandwichking-hikes
@Sandwichking-hikes 2 жыл бұрын
These other countries realize debt based fiat system growing unsustainable in debt size, gold is real money no counter party risk
@emilyb7867
@emilyb7867 4 жыл бұрын
I have been watching so much Mike Malony videos KZbin is recommending everything that has gold in its title
@akashv5130
@akashv5130 4 жыл бұрын
Gold is the only currency that can't be printed
@MrCTruck
@MrCTruck 5 жыл бұрын
"Moneys not real ever since we got off the gold standard"- Dwight Shrute
@tc9634
@tc9634 5 жыл бұрын
Wtf? That makes no sense, at all. Gold is only worth what people believe it is worth, it is as much a fiat currency as is any other.
@MrCTruck
@MrCTruck 5 жыл бұрын
@@tc9634 I think its because gold is more finite than other currencies. Honestly I don't know what makes an ideal currency or for what reasons. For now I just spend dolla billz
@ChrisGilliamOffGrid
@ChrisGilliamOffGrid 5 жыл бұрын
The dollar is still king, fiat or not.
@tc9634
@tc9634 5 жыл бұрын
@@MrCTruck oh good point, Eve online is a bit like that with PLEX Vs ISK. There is almost always more ISK coming into the game (more currency being created than deleted) whereas the PLEX supply is determined by players creating Plex by buying it irl, and deleting it by converting to game time. It seems that the game Devs try to balance these variables to ensure a constant supply.
@mkaberli
@mkaberli 5 жыл бұрын
Tim Collins as is everything else. But, at least gold has some intrinsic value. It takes effort to get it out of the ground, it can’t be printed, it’s durable, and it’s been a medium of exchange for millennia. So, it’s a hell of a lot better than anything else that I can think of
@murphy2870
@murphy2870 2 жыл бұрын
When you strip away the emotional, any asset is just another currency. It is just a matter of how inconvenient it is to trade with. This has become abundantly clear to me now that I have money sitting in the bank getting devalued.
@kienhwengtai8113
@kienhwengtai8113 5 жыл бұрын
Because fiat currency is a real value of zero, when faith in fiat is gone.
@sodinc
@sodinc 5 жыл бұрын
if faith in gold is gone - it will be gone too so - it is not a difference but nobody can print gold - it is different russians mine it and accumulate same with uranium (but it is not considered a currency)
@lolcatjunior
@lolcatjunior 5 жыл бұрын
The USD is not a true fiat currency, the USD is also backed by oil.
@kienhwengtai8113
@kienhwengtai8113 5 жыл бұрын
Wel it was backed by oil, China is changing that.
@fooksengloke3625
@fooksengloke3625 5 жыл бұрын
Сергей Одинцов Except for uranium, once it is used it is gone. Got gold it passes into somebody else hand.
@soneshkoolath8744
@soneshkoolath8744 2 жыл бұрын
@@fooksengloke3625 Uranium can be also be used. However the process is quite complicated, expensive and time consuming.
@TheSonic1685
@TheSonic1685 3 ай бұрын
I agree with this man, but I might add, gold is not only just another currency, it is the only currency that has actual value, dare I say it is the only form of money in existence.
@gma729
@gma729 5 жыл бұрын
WHY DIDN'T ANYONE TELL HIM TO FIX HIS TIE !!!! GOD I CAN'T STAND LOOKN AT IT
@BDParadigm
@BDParadigm 5 жыл бұрын
Its the new style
@alistairhenry709
@alistairhenry709 5 жыл бұрын
That's intentional. Wearing your tie like that with a waistcoat is a way to dress.
@escovision1986
@escovision1986 5 жыл бұрын
His tie has a boner
@sandifarris5586
@sandifarris5586 4 жыл бұрын
Doesn't take much to get under your skin !
@jdawson657
@jdawson657 3 жыл бұрын
Do you really have so little control of your mind that the position of a tie could could distress you?
@ramirez408jl
@ramirez408jl 5 жыл бұрын
Because the world reserve currency is going to shit. In a few words
@ahmedabdi9950
@ahmedabdi9950 2 жыл бұрын
"And particularly the Russians"
@factitiously
@factitiously 4 жыл бұрын
I actually just made a video about buying 24K pure gold jewelry as investment as a hedge against the dollar. I did an unboxing of Mene jewelry by Goldmoney. You can watch it here: kzbin.info/www/bejne/mX3Oe6lretaJg8U
@victor.d6380
@victor.d6380 2 жыл бұрын
Heart of gold All that glitters is not gold The golden word As good as gold Dripping with gold A gold mine of information Black gold (oil) Worth its weight in gold Pot of gold Sitting on a gold mine Gold-digger Go for gold (gold medal) The goose that laid the golden egg There’s gold in them there hills! The golden age Golden years Golden anniversary (50th) Golden oldies Golden parachute Golden handshake Silence is golden The streets are paved with gold
@hobotraveler4468
@hobotraveler4468 2 жыл бұрын
You forgot golden shower
@yutaka618
@yutaka618 3 жыл бұрын
Fiat currencies are not real money. FRB, IMF & BIS etc. want you think it is only form of currency, but it is not. Gold & silvers will be real money even after the current monetary system dismissed.
@bobbylancer4553
@bobbylancer4553 5 жыл бұрын
Gold will always hold its value
@BadBoiFX
@BadBoiFX 5 жыл бұрын
"Always" - completely wrong. When space mining comes around gold will cost cents.
@Reiji_Kurose
@Reiji_Kurose 5 жыл бұрын
IF we get to that part. Likely, but you can't know for sure.
@grahamhenry9368
@grahamhenry9368 5 жыл бұрын
There's more gold in a single asteroid than all the gold ever mined on earth
@SETHPCAMPOS
@SETHPCAMPOS 5 жыл бұрын
@@BadBoiFX to be fair, at that point every resource would cost cents.
@DavidTangye
@DavidTangye 5 жыл бұрын
@@BadBoiFX gold is very heavy so it will cost as much as it's worth to bring it back to Earth. So will there be a fort Knox on the moon where low gravity will make it easier to get it there. Wait why not just leave it on the asteroid and declare that you own the asteroid.
@goblinmoblin4869
@goblinmoblin4869 4 жыл бұрын
1. Print money 2. Buy gold 3. Debase money 4. Buy people
@RockHudrock
@RockHudrock 5 жыл бұрын
At first I thought this was an episode of Starsky & Hutch. 😂
@Ewokgarbagehunterericjonesip2
@Ewokgarbagehunterericjonesip2 Жыл бұрын
Does anyone know the endgame ? Is inflation just going to go on for 100 years or is something going to collapse
@leojack5432
@leojack5432 5 жыл бұрын
this expert spend 3 mins just say gold is currency?does he answer the question?
@edgaragtoto2528
@edgaragtoto2528 2 жыл бұрын
Gold is the only currency that do not lost it's value
@Harold_Flite
@Harold_Flite 5 жыл бұрын
Forget gold...invest in lead.
@matthiah4291
@matthiah4291 5 жыл бұрын
Invest in Bitcoin. Better.
@Harold_Flite
@Harold_Flite 5 жыл бұрын
@@matthiah4291 im talking ammunition. ..hollow points.
@matthiah4291
@matthiah4291 5 жыл бұрын
@@Harold_Flite lol. Please shoot those thieving bankers for me first. Cheers.
@Wamsuo58u
@Wamsuo58u 5 жыл бұрын
@@Harold_Flite nah cop killers are needed
@rogerdodger8415
@rogerdodger8415 5 жыл бұрын
January 2012 it was 1700 an Oz. It's been dropping ever since. If everyone is buying, you surely wouldn't know it.
@chrisbacos
@chrisbacos 5 жыл бұрын
Trump's economic policies have a lot to do with central banks buying gold reserves.
@HettesKvek
@HettesKvek 5 жыл бұрын
Paper money will last as longer as people continue using it as currency. How many places can you trade in gold for food? Can you pay your bills with gold? Does Wal-mart accept gold? To buy most things in person, you need to use paper money, so your gold would still need to be transformed into green first before you can use it to buy anything. That's the main problem with gold as a currency, it's impractical for everyday use.
@IO-tr3vr
@IO-tr3vr 5 жыл бұрын
gold has value paper bill no value just printed numbers
@alexandrosanastasiadis3372
@alexandrosanastasiadis3372 5 жыл бұрын
Fiat money is all faith no value
@jaddy540
@jaddy540 5 жыл бұрын
Did you ever see a Precious Metal Coin, that was inscribed with ,"This note is legal tender for all debts,public and private"? REAL MONEY DOES NOT NEED TO BE DEFINED! It IS real money!
@ThabaniTBowseHadebe0909
@ThabaniTBowseHadebe0909 5 жыл бұрын
They have to buy Gold cause their money is nothing! You want economic freedom!? Get Gold and Silver! -
@edgaragtoto2528
@edgaragtoto2528 2 жыл бұрын
Because gold is the real money
@cityofplant
@cityofplant 5 жыл бұрын
Mahathir and the late Gadafi was right. Theres no need for tinfoil hats. Gold has been used for centuries and is tried and true method of currency. I hope Mahathir doesn’t end up like Gadafi.
@fooksengloke3625
@fooksengloke3625 5 жыл бұрын
Jimbo For just shortening of a few years? Not worth it.
@sahidurrahaman314
@sahidurrahaman314 4 жыл бұрын
It is question which is asked in upsc mock test
@TheChiefCoin
@TheChiefCoin 4 жыл бұрын
Only fools and the poor don't hold gold. Everyone else that holds gold is genius.
@shashanksuman
@shashanksuman 5 жыл бұрын
Incase this video is not from 80’s and is current. Indian central bank is not buying any gold, it has been constant for more than 2 years.
@pkl8811
@pkl8811 5 жыл бұрын
We should ALL buy GOLD too. Barrick and Newmont Goldcorp shares look attractive.
@workwithnature
@workwithnature 5 жыл бұрын
They really are not, there are only a few gold miners that are worth buying now. mostly small cap. First thing is no debt.
@ihatem2970
@ihatem2970 5 жыл бұрын
Buy the physical stuff
@ChrisGilliamOffGrid
@ChrisGilliamOffGrid 5 жыл бұрын
@Beans Stocks will outperform gold. Coke, Shell, BP, PG, JNJ, all good to own.
@donnaleveron5711
@donnaleveron5711 5 жыл бұрын
You need to own and have in your possession actual gold, whether bars, ingots or coins, I recommend all 3, then by your shares.
@donnaleveron5711
@donnaleveron5711 5 жыл бұрын
@@ChrisGilliamOffGrid that is true, but gold is your hedge, have both.
@rafiqlnk
@rafiqlnk 3 жыл бұрын
Because gold is money. Ain't rocket science.
@diegoreds
@diegoreds 5 жыл бұрын
I don’t know I’ve seen everyone Buying “Guns & Ammo?” (Bullets next Currency)
@gomerhanger2285
@gomerhanger2285 4 жыл бұрын
because is cool.
@Midg-td3ty
@Midg-td3ty 5 жыл бұрын
So gold had value because of its history. In 500 years Bitcoin and Ethereum are going to be seen as Gold and Silver. And Central Banks will have to back their own crypto with it.
@salahad-dinyusufibnayyub4810
@salahad-dinyusufibnayyub4810 5 жыл бұрын
No. gold has value because gold the only real currency. others fake. including cryptocurrency.
@Midg-td3ty
@Midg-td3ty 5 жыл бұрын
@@salahad-dinyusufibnayyub4810 Why is gold valuable ?
@peter_eva
@peter_eva Жыл бұрын
In 500 years??? Haha. In 10 years or less, Bitcoin and Ethereum will be obsolete/extinct. Gold will always exist as the backstop for what money is. Period
@Midg-td3ty
@Midg-td3ty Жыл бұрын
@@peter_eva gold is literal garbage
@Midg-td3ty
@Midg-td3ty Жыл бұрын
@@peter_eva when I wrote this 4 years ago Eth was like 80 Dollars now its 1900 if I had invested in gold I would have made 0%. But I bought Ether with everything I had. And I made 2000% best decision I ever made in my life. I earned several lifetimes worth of money in the last 4 years lol. Keep your garbage.
@towncenter7602
@towncenter7602 3 жыл бұрын
Because they counterfit monopoly money and trade real valuable physical money
@rjrex826
@rjrex826 4 жыл бұрын
Gold is God's money 🙏🏾🤑
@idealisticshy
@idealisticshy 3 жыл бұрын
Silver too.
@vkoptchev
@vkoptchev 5 жыл бұрын
He said pretty much nothing.
@tonytocanova
@tonytocanova 4 жыл бұрын
Central banks are buying gold because the dollar is basically a reality tv show right now.
@totalrecall8385
@totalrecall8385 4 жыл бұрын
Hey! The lego man wants his head back.
@muhammadqasimdreamsshorts6647
@muhammadqasimdreamsshorts6647 4 жыл бұрын
Because Gold have value of gold. Paper have value of paper. Banks deals with you in paper with worth nothing but they kept gold themselves.
@Ducotevision
@Ducotevision 5 жыл бұрын
Why is it that every time I hear “gold” I hear “bitcoin” Hmmmmm 🤔
@DavidTangye
@DavidTangye 5 жыл бұрын
That is exactly what I heard too.
@Ducotevision
@Ducotevision 5 жыл бұрын
David Tangye such an amazing phenomenon it is! Lmao wish you the best on this bull run brother!!
@56TheAnimal
@56TheAnimal 5 жыл бұрын
Because gold is the alternative money, has been for thousands of years. Many people think that bitcoin can become the new alternative currency for a laundry list of reasons. In my opinion gold is worth 10% of your portfolio but bitcoin 1-2%.
@Ducotevision
@Ducotevision 5 жыл бұрын
56TheAnimal you’re the type to ruin a wet dream.
@56TheAnimal
@56TheAnimal 5 жыл бұрын
Ducote I’m the kind of guy trying protect my money at this point in the “debt cycle” so I can keep partying like a wet dream. Cocaine and hookers don’t come cheap.
@jerryfacts9749
@jerryfacts9749 22 күн бұрын
I firmly believe in a personal portfolio the investor should be holding at least 10% to even 20% in registered gold bars or the equivalent. If you have a very large investment in the markets and can afford to, it would not be a bad idea to have as much as 30% percent invested in to registered gold bars or the equivalent. Take care that gold does not earn dividends. If you look at the price chart (graph of the gold price) over the last 10 years, you will see the value of gold in percent of value gain, performed better than the TSE or the DOW.
@MetalBum
@MetalBum 5 жыл бұрын
This is a great explanation. Ray dalio knows a ton and is hyper logical. Thanks see my precious metals Channel.
@hpaul5452
@hpaul5452 4 жыл бұрын
Gold is a only metal that dose not corrode, tarnishes , or fades and is used in electonic for that reason.
@mrmaf9801
@mrmaf9801 5 жыл бұрын
USA be like lets bring democracy and freedom to these countries by destroying them
@KA-iq2ko
@KA-iq2ko 5 жыл бұрын
*Logic*
@mkaberli
@mkaberli 5 жыл бұрын
Really? What cereal box did you get that distorted tidbit from?
@alexanderkostaAG47
@alexanderkostaAG47 4 жыл бұрын
Disagree with gold is currency statement. Currency, due to fractional reserve banking is guaranteed to lose purchasing power over over a prolonged period of time, until it loses all its value. No exceptions in history. Ever. Gold on the other hand maintains its value not only for decades or centuries, but over millennia. How could you you say that gold and currency are both money ? Thats an inaccurate statement. Gold is money all else is currency / credit.
@billystoner4521
@billystoner4521 4 жыл бұрын
The Big banks know we are about to see Economic dust🤣🤣🤣🤣
@eip81
@eip81 5 жыл бұрын
Gold cannot be politicised! No one controls gold. If you were a citizen anywhere in the world, which would you rather trust: Gold or the US dollar? Can anyone sanction or stop a country from buy and selling using gold?
@RockHudrock
@RockHudrock 5 жыл бұрын
I’m seriously thinking of doing my hair like that!
@mkaberli
@mkaberli 5 жыл бұрын
You can’t be serious.
@RockHudrock
@RockHudrock 5 жыл бұрын
mkaberli If I had a time machine headed for 1977, I totally would do my hair like his! Chicks would be all over me!
@justpeanuts5752
@justpeanuts5752 5 жыл бұрын
Fiat currencies are just some other country’s liability. It is a liability that can be extinguished in an instant. Gold is a physical asset.
@therabman_5606
@therabman_5606 5 жыл бұрын
Just Peanuts gold and silver are real money... every thing else is just a currency
@mohammedallha61
@mohammedallha61 5 жыл бұрын
Gold is nature currency
@The-Travel-Man
@The-Travel-Man 5 жыл бұрын
"Gold is the only currency that can't be printed"..I'd say that gold and silver are the ONLY currencies. All paper money is valueless fiat.
@rockhill9079
@rockhill9079 5 жыл бұрын
Gold is going up in value so fast. I should have buckled my chair seat belt. It has gone from 3500$ too now almost 8000$; that is over 100 percent gainz.
@jimlogan9883
@jimlogan9883 5 жыл бұрын
Your numbers are puzzling, they are so incorrect.
@jacobolivard5366
@jacobolivard5366 Ай бұрын
So to get to the point, larger organizations with richer and more affluent backgrounds subdividing the classes farther apart by making us work for something with a trending depreciating value whilst every necessity we pay for in life is contrarily costing us more subverting us into a gradual poverty state. Gold being the true currency of value. It does not depreciate often. Control.
@JoelBondurant
@JoelBondurant 5 жыл бұрын
Bitcoin
@revolution6133
@revolution6133 3 жыл бұрын
Currency is debt and the moment the confident scam ends so does currency. Whereas gold is forever!
@jaym1443
@jaym1443 4 жыл бұрын
philippines is sleeping :D remember what marcos want to do this is it!
@danielblue4460
@danielblue4460 4 жыл бұрын
Even in heaven, gold is used. So with pearls, ruby, sapphire, onyx, jasper, carnelian, etc. Diamond and silver were not mentioned to be in used. Ref: the Bible.
@zer432
@zer432 5 жыл бұрын
buy bitcoin
@enriquemontesespinosa832
@enriquemontesespinosa832 4 жыл бұрын
People trust in gold not in national currencies
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