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Top Three Videos – March 19, 2024

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

Piepenburg Talks Gold: Yesterday, Today & Tomorrow (March 14, 2024)

GoldSwitzerland...

Summary

 

Gold is a finite asset with inherent purchasing power, and owning physical gold outside of the banking system is a way to protect against the loss of purchasing power in currency.

 

Gold as a hedge against currency devaluation

 
  • Gold is an inherently scarce asset with a stock to flow ratio of less than 58, making it a finite asset with an infinite duration.
  • The attempt to discredit or omit gold from the conversation is because it is the number one threat to government currencies.
  • Gold’s purchasing power is the real issue, as all currencies are losing value while gold just sits there.
  • “There’s no doubt that since we decoupled from the gold standard when Nixon welched on the Bretton Wood’s promise to have a world Reserve currency backed by gold that the purchasing power of the dollar like every major currency since 9071 has lost over 95% of his value when measured against a milligram of gold.”
  • Owning physical gold outside of the banking system is a way to protect against the loss of purchasing power in currency.
  • The FED being more dovish and the potential for lower rates and more liquidity is seen as a tailwind for gold.
  • The inherent purchasing power of the currency is dying, it’s burning in front of us.
  • People turn to gold as a familiar life raft in times of fear and chaos, preserving their wealth in a monetary metal rather than in a paper asset.
  • The inherent purchasing power of the US dollar has fallen by 98% since going off the gold standard in 1971.
     

Economic and market risks and uncertainties

 
  • There’s massive risk in the derivatives market and the sovereign bond market, and things are already breaking and will continue to break.
  • The big bad wolf of a credit crisis is looming, and it’s time to use common sense and be cautious in the markets.
  • The future of the US dollar is uncertain, and policy makers have been spending more to get reelected or get Nobel prizes by printing money out of thin air, which is not sustainable.

Larry Lepard: Bitcoin Price Going to 'Multimillion' Per Coin, Don't Sell at $100k! (March. 14, 2023)...
Natalie Brunell...

Summary

 

Bitcoin’s price is predicted to reach multimillions per coin due to macroeconomic factors and government policies, and it is advised not to sell at 100k but to understand volatility and think long term.

 

  • “I view Bitcoin as a better risk adjusted return than gold, this far into the game.”
  • Bitcoin has the potential to reach ‘multimillion’ per coin, so don’t sell at 100k!
  • “These coins will be 100,000. Then there’ll be 400 then there’ll be a million. Then there’ll be 4 million. Then there’ll be 10 million.”
  • Larry Lepard predicts that Bitcoin price is going to ‘multimillion’ per coin, urging people not to sell at 100k!
  • “The US government basically has like one big last print in them before it all sort of collapses.”
  • Bitcoin price could reach multimillion per coin, making Bitcoiners a wealthy and influential voting block.
  • “The big takeaway from this interview is do not sell your Bitcoin even when it gets to 100K don’t sell because you won’t be able to get as much back.”
  • “Long term I’m quite confident that this is going to be a multi-million dollar per coin asset.”
  • “Buy what you can because it’s a Superior Savings technology and then sit back and go live your life and do things you enjoy knowing that your money is not being devalued.”

Michael Howell: Are Gold and Bitcoin Signaling the Return of Money Printing? (March 18, 2024)...

Hidden Forces...

Summary

 

Governments are increasingly turning to debt monetization to finance their deficits, leading to concerns about long-term monetary inflation and the potential for Bitcoin to act as a hedge against this inflation.

Debt Monetization and Government Financing

 
  • We live in a world of massive debt, with $350 trillion of debt that needs to be refinanced every year, requiring liquidity or balance sheet capacity.
  • “Let’s value the dollar not against other paper units, let’s look at the dollar against gold or against Bitcoin.” – Michael Howell
  • If the Treasury keeps funding at the short end or they start issuing more debt to banks, what you’re getting is this pure monetization of the deficit.
  • Debt monetization seems to be the path forward for governments to finance their deficits, leading to concerns about the future finances and projections of deficits as high as 8-9% of GDP.
  • If the US starts to monetize debt, it’s not going to lead to hyperinflation or deep recession, but rather kick the can down the road.
  • The authorities need to keep bank reserves going up, which means Fed liquidity has to keep going up, injecting money into the system.
  • “The long-term is one where you’re seeing long-term monetary inflation…you need monetization ultimately to solve those two factors. That’s what history tells you, and that’s what we’re moving to.”
  • “Interest rates are a red herring… What you’ve got to look at is money supply measures.” – Michael Howell
     

Gold and Bitcoin as Monetary Inflation Hedges

 
  • “Bitcoin seems to be acting like exponential gold, becoming a monetary inflation hedge par excellence.”
  • The disconnect between rising real interest rates and a rising gold price is a big anomaly right now, signaling something important.
  • The loading coefficient for Bitcoin in relation to liquidity is around five times, showing a much stronger correlation compared to gold.
  • The price of money is the exchange rate, not the interest rate, and most of the adjustment in prices is asset price adjustment, not goods and service sector price adjustment.
 
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