Top Three Videos – October 22, 2023

The East is rising in power and influence, leading to a shift in prosperity towards the East and a growing preference for physical gold as a solution to instability and to protect wealth.

Protection of Wealth and Portfolio Perspective

• “Gold is not just something to trade, but something to hold for generations.”
• Gold is a solution to the problems of instability and losing money, making it a valuable asset during uncertain times.
• The speakers have been advocating for gold as a means to protect wealth for 25 years, emphasizing the importance of holding physical gold outside the banking system.
• “It doesn’t make any difference to add 2 or 3% gold to your asset allocation, it has to be at least 10 to 15% to make sense from a portfolio perspective.”
• “When you think about how to navigate the uncertain times, you need gold, cash, and patience.”
• “You should have most of your assets outside the banking system…if it survives, it’s going to be certainly with money worth a lot less than it is today.”
• Gold is actually anti-complexity and anti-anxiety, making it a good investment in a world that is becoming increasingly complex.

Geopolitical Tensions and Risks

• The war cycle is starting in earnest, with conflicts in Ukraine and the Middle East, and the danger is that it could escalate further.
• Geopolitical tensions are increasing globally, making it crucial to have a neutral central reserve asset that can withstand political sanctions and uncertainties.
• The risk for a major global conflict is now greater than ever in my lifetime, raising concerns about an existential problem.
• “The world has changed and those existential threats are going to become a much more clear and present danger to people than they have been.”
• The potential closure of the Strait of Hormuz by Iran with the support of Russia could lead to a World War situation and paralyze 25% of the world’s oil supply, posing enormous risks.
• “If you want a tiny peak into the vast arrogance of men, just look at the number of people on Twitter who think they not only have a firm understanding of the 2,000 year old conflict in the Middle East but also believe they possess the solution to now fix it.”

Importance of Gold as a Reserve Asset

• “The sun is setting on the faltering West and rising for gold.”
• Gold always moves up over time because paper money eventually becomes worthless, and the current money printing and creation is making gold look even higher.
• The main reason for the increase in Central Bank buying of gold is the scramble for a neutral reserve asset that is not at the whim of another government.
• The rising gold price will be further fueled by the potential inclusion of gold as a central bank reserve asset, resulting in a significant increase in its value.