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Top Three Videos – January 16, 2024

► Searching for the Best Gold IRA Company?
This is a MUST-Read...

Von Greyerz & Piepenburg: Golden Answers to War, BTC and 2024 Risk Levels (January 15, 2024)

Matterhorn Asset Management...

Summary

 

Wealth preservation is critical in the face of potential unexpected events in 2024, including debt-related, war-related, and political events, and physical gold is preferred over cryptocurrency for this purpose.

 

  • The potential for unexpected events in 2024, ranging from debt-related to war-related to political events, making wealth preservation critical.
  • The lack of backing from gold for currencies since 1971 has led to a significant increase in debt levels, posing a major risk for the future.
  • “Whenever you get a country debt soaked and desperate, you get political opportunists who take the country to temporary prosperity through debasing the currency and inflation and then permanent ruin through war.” – Ernest Hemingway
  • The threat of small-scale attacks with dirty bombs could paralyze the world and escalate to a global crisis.
  • The value of money will be affected by the cost of war, leading to the devaluation of currency and impacting the price of gold.
  • Bitcoin could easily reach a million dollars due to speculation and its volatile nature, but it may never be allowed to become a big currency by central banks.
  • “There is a reason central banks and sophisticated wealth preservation asset investors are buying physical gold. Not crypto.”
  • Important themes on geopolitics, war, CTO space, dollarization, oil, currencies, and markets were discussed.

Jim Rogers: How He Met George Soros. Plus, thoughts on Gold and Bitcoin (Jan. 15, 2024)...

Bloor Street Capital...

Summary

 

Jim Rogers believes that gold and silver will likely rise, the US dollar may become overpriced, and governments may outlaw cryptocurrencies as they embrace digital money, and he emphasizes the importance of investing in what you know and doing thorough research.

 

 
  • Passion, diversity, international skepticism, and leverage worked for us in achieving remarkable returns.”
  • “Throughout history when people lose confidence in governments or money, they always buy gold and silver.”
  • The shift to digital currency is already happening in China, and governments love it because they can track and control everything about you.
  • “I have never read about a period in world history when there was such staggering amounts of debt at every level.”
  • “I try to find things that are ignored therefore cheap, but if I can find something that’s cheap where there’s a positive change taking place, sometimes I have success.”
  • Jim Rogers moved to Singapore for clean environment and good education for his children.
  • Understanding the financial markets is crucial to understanding what’s going on in the world, as global events have a significant impact on the markets.

Jeff Deist: A Modest Proposal for the US Economy (April.17 2018)...

Mises Institute...

Summary

 
 

The US economy is facing serious structural problems, including federal debt, deficits, entitlements, and the distortion of important economic prices by the Federal Reserve, leading to a looming crisis that requires drastic measures such as writing off a third of the debt and giving people a “haircut” on their investments in order to address the $200 trillion fiscal gap.

 

  • Serious structural problems with the US economy include federal debt, deficits, entitlements, and the dollar.
  • Structural problems with the US economy are beyond politics, and there are no ready political solutions to these problems.
  • The US’s coastlines provide access to global marketplaces and protection, making it a strategic economic advantage.
  • Interest rates are the most important price in an economy, influencing the cost of borrowing money and the cost of doing business.
  • The Fed has distorted the single most important price in the entire economy, the federal funds rate, leading to dishonest pricing of goods.
  • The Federal Reserve’s actions during the 2008 crash raised questions about the fairness of recapitalizing banks with quadrupled base money.
  • The Social Security and Medicare programs are deeply insolvent in any actuarial sense, and a third of the debt could simply be written off.
  • “So, what I’m suggesting is that we give people a haircut. You invested in Uncle Sam and it was a bad investment.”
  • The fiscal gap between promised entitlements and likely tax revenue is a staggering $200 trillion, a looming crisis for the US economy.
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