Greg Weldon @GregoryWeldon analyzes the most recent developments in the economy and why we are headed for stagflation. He also analyzes Fed Policy, Gold against the Stock Market, Gold Miners, Juniors and Silver.
0:00 Intro
1:15 Economic Summary & Outlook
6:30 Why Fed Flinched Last Week & Labor Market
10:27 Yield Curve Control Coming?
13:55 Policy Before Yield Curve Control
16:00 Silver & $26 Resistance
18:00 Gold vs. Stock Market
21:05 Next Catalysts for Precious Metals Sector
22:00 Miners & Juniors Opportunity
26:25 Greg’s Contact Info & Work
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In recent years, Bitcoin has taken the world by storm with its meteoric rise in value and widespread adoption as a digital currency. However, some experts believe that another precious commodity could be poised to make a similar leap in the near future: gold.
Gold has long been considered a safe haven asset, valued for its stability and enduring store of wealth. In times of economic uncertainty or inflation, investors often turn to gold as a hedge against market volatility. With the global economy currently facing unprecedented challenges due to the COVID-19 pandemic, many are looking to gold as a reliable investment option.
But why could gold be the next Bitcoin, and potentially skyrocket in value? One key factor is the limited supply of gold compared to the increasing demand for the precious metal. While Bitcoin also has a finite supply, with only 21 million coins ever to be mined, gold has a physical scarcity that cannot be replicated. As global economies continue to print money to stimulate their economies, the value of fiat currencies could depreciate, leading investors to seek out assets like gold that retain their value over time.
In addition, the rise of digital currencies like Bitcoin has introduced a new generation of investors to the concept of decentralized, peer-to-peer transactions. As more people become comfortable with the idea of digital assets, they may also be more inclined to diversify their portfolios with traditional commodities like gold.
Furthermore, advances in technology have made it easier than ever to invest in gold through digital platforms and exchange-traded funds (ETFs). This accessibility has made gold more appealing to a wider range of investors, potentially driving up demand and pushing prices higher.
Of course, investing in gold is not without its risks. Like any commodity, the price of gold can fluctuate based on a variety of factors, including geopolitical tensions, interest rates, and global economic trends. However, for those looking to diversify their investment portfolios and protect their wealth in uncertain times, gold could be a valuable addition.
In conclusion, while Bitcoin has certainly captured the spotlight in recent years, gold remains a tried-and-true asset with a long history of value retention. With its limited supply, increasing demand, and growing accessibility, gold could be the next big investment opportunity for those seeking to capitalize on market trends. As the global economy continues to face uncertainty, investing in gold could prove to be a smart move that pays off in the long run.
I love NUGT.
Three weeks ago i called a coworker who invests in Tech and Bitcoiin. His response to my hello, how are you doing was, "I feel like a fucking genius!" After the call, I went to another coworker and said "l believe this is the top of the market. Euphoria has come back quickly & with a vengence."
My $.02 means nothing. Hopefully he was prudent enough to take some gains.
This just shows that these "experts" don't know jack! A dollar still strong yet silver whistled pass $27/once level with no sweat- go figure!!
Gold miners are the natural enemies of goldbugs. As the gold price appreciates, miners are incentivized to dump more gold depressing the price down again
Absolutely, it could skyrocket to the moon as it had rested in the pit stop for a long time for refueling up with rocket fuel ! Don't miss the boat$$$, please. Buy some gold. Thanks.
As soon as this guy who is obviously 65 said that z was his favourite music artist, It was enough for me to switch off. Anyone with that little taste and try hard issue,Can't be too smart with money
You mean bitcoin is trying to be gold, but it will never be gld
Sounds finger lickin good
the smart investor buys 75 silver eagles, the dumb investor buys 1 gold coin. it is fascinating how many dumb investors out there. the deep state loves you gold buyers
Hey Guys, the Philly Fed came out THIS WEEK and publicly announced that the BLS HAS overstated jobs created over the last year by a huge 800,000 jobs. Why admit this reality NOW?? To pave the way for the Fed to cut rates. Nothing happens randomly. JMHO
Superb analysis. Libs are blind to the excess bond market, labor stats, and wage disparity. It’s a crazy, crazy time. Only because the public sector is lying and the private sector doesn’t understand.
It could. Hahaha
Don Durrett is saying that this is not a fundemental shift in gold , only a technical one.
Blessings from Montreal Canada
Kids will learn the hard way about “virtual” coinage.
Gold is next bitcoin? LOL
Bitcoin will skyrocket past golds market cap… I hate listening to these old heads with their old thinking smh.
I got the feeling that today was different. A small move in the metals and finally a big move in the mining shares. BTW, First Majestic just opened up their new private mint, First Mining. Check it out everyone!