Like Jaimie would ever tell you the truth about gold and silver, those guys are the end boss on manipulating the metals markets since forever. Just replace his AI voice with Asian silver guy then downvote the video.
This is a good summary. You have to make a distinction between investors in gold and traders in gold.
The investors know that long term the trend will be a fading dollar and increasing gold price. The US is bankrupt with $200T in explicit and implicit financial obligations that can never be paid. Historically, bankrupt countries invariably turn to printing money to pay off that debt in deflated dollars and the US will be no different in that regard. So long term the gold price will increase and gold investors will take this opportunity to buy more.
The gold traders don't care about long term causes and effects, they are just betting on price increases or decreases in the short term which is how they make money. Traders that are just betting trends and will get in or out of any trade when the trend changes or hits the doldrums. They need gold to be going up or going down to make money and are a legit part of price discovery in the market.
Also in times of uncertainty such as war, traders and investors maybe forced to sell gold even though they don't want to if they need money for other financial obligations or transactions moving against them. This is especially true for traders who often trade on margin, i.e. with borrowed money, and they get a "margin call" meaning that they have to add money to their portfolio of trades or be forced to sell when they don't want to. They will sell gold to meet margin calls.
I believe that the fraud of the fiat currency and the treason of its implementation in the U.S. will visciate the "alleged" debt you speak of.
The dollar is a construct of the central bank and is more accurately known as a federal reserve note.
Gold is the static hard asset that will increase in value based on the failure of the central banking system and the resurgence of a gold based U S Treasury note.
I agree. I once had an econ prof at his retirement dinner state that it was now safe for him to say that the FED is a govt sanctioned criminal check-kiting scheme.
So, yes, morally and legally the debt is fraudulent and can be discharged at anytime. However, there are details and practical consequences to that move so the timing is important as once that line is crossed the dollar is done. The collapse of the dollar can and will destroy many people, businesses and countries. Hopefully the US is not one of them.
I'm sure that the white hats and black hats know all of this and are gaming it out. The black hats almost certainly want some kind of digital currency that is totally controlled by them or the govt. I don't know what the white hat plan is to replace the dollar but it will almost certainly involve the use of gold, particulary for international trade or balance of account settlement between regions.
Things you need to know to be a successful investor:
The establishment investment media lies, creates fear and promotes false investment information that is bad for your financial health.
Markets are manipulated (by government and large institutional investors)
AI is an emerging technological tool that is used to bolster the mainstream narrative (just like the fact checkers from years gone by). I have a healthy distrust for all things AI.
In my 40 years of investing, I have always been a contrarian (that is, when the mainstream investment chorus is saying that the sky is falling, it is usually a good time to start accumulating)
I am a buy and hold investor. Never be a panic seller. In fact, when you see retail investors selling, it is usually a good buy signal (if all the fundamental factors are still in place).
Leave the day trading to professional arbitragers. Do not try to pick market tops and bottoms - it will only diminish your overall returns.
Control your emotional response to what others are saying and strive to have a steady longer term view of your investment objectives (look at the 40 year gold chart).
I barely understood 30% of that, not being an investor or financial guru. What does this mean for the price of silver and gold going forward, at least in the foreseeable future?
I don't want to listen to Jamie Dimon, I have trust issues with him, and, like the comments, I think this might be AI fake anyway.
Like Jaimie would ever tell you the truth about gold and silver, those guys are the end boss on manipulating the metals markets since forever. Just replace his AI voice with Asian silver guy then downvote the video.
Economist Martin Armstrong has a good segway, easy to digest, 2 minute read :
https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-computer-was-right-about-gold/?awt_a=1JPVU&awt_l=1LK2E&awt_m=95j2hdwyl54vxrVU&utm_source=aweber&utm_medium=email&utm_campaign=new-post-feed-entry-title
Video says it was altered or fully generated by AI…
Economist Martin Armstrong has a good segway, easy to digest, 2 minute read :
https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-computer-was-right-about-gold/?awt_a=1JPVU&awt_l=1LK2E&awt_m=95j2hdwyl54vxrVU&utm_source=aweber&utm_medium=email&utm_campaign=new-post-feed-entry-title
This is a good summary. You have to make a distinction between investors in gold and traders in gold.
The investors know that long term the trend will be a fading dollar and increasing gold price. The US is bankrupt with $200T in explicit and implicit financial obligations that can never be paid. Historically, bankrupt countries invariably turn to printing money to pay off that debt in deflated dollars and the US will be no different in that regard. So long term the gold price will increase and gold investors will take this opportunity to buy more.
The gold traders don't care about long term causes and effects, they are just betting on price increases or decreases in the short term which is how they make money. Traders that are just betting trends and will get in or out of any trade when the trend changes or hits the doldrums. They need gold to be going up or going down to make money and are a legit part of price discovery in the market.
Also in times of uncertainty such as war, traders and investors maybe forced to sell gold even though they don't want to if they need money for other financial obligations or transactions moving against them. This is especially true for traders who often trade on margin, i.e. with borrowed money, and they get a "margin call" meaning that they have to add money to their portfolio of trades or be forced to sell when they don't want to. They will sell gold to meet margin calls.
I believe that the fraud of the fiat currency and the treason of its implementation in the U.S. will visciate the "alleged" debt you speak of.
The dollar is a construct of the central bank and is more accurately known as a federal reserve note.
Gold is the static hard asset that will increase in value based on the failure of the central banking system and the resurgence of a gold based U S Treasury note.
My take anyway. 😁👌
I agree. I once had an econ prof at his retirement dinner state that it was now safe for him to say that the FED is a govt sanctioned criminal check-kiting scheme.
So, yes, morally and legally the debt is fraudulent and can be discharged at anytime. However, there are details and practical consequences to that move so the timing is important as once that line is crossed the dollar is done. The collapse of the dollar can and will destroy many people, businesses and countries. Hopefully the US is not one of them.
I'm sure that the white hats and black hats know all of this and are gaming it out. The black hats almost certainly want some kind of digital currency that is totally controlled by them or the govt. I don't know what the white hat plan is to replace the dollar but it will almost certainly involve the use of gold, particulary for international trade or balance of account settlement between regions.
Things you need to know to be a successful investor:
I barely understood 30% of that, not being an investor or financial guru. What does this mean for the price of silver and gold going forward, at least in the foreseeable future?
I'm wanting to know the same thing.
Sil🅱️er
Fake AI.