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Top Three Videos – October 4, 2023

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

Rick Rule: Gold, Silver, and Time

Sprott Money with Craig Hemke...

Summary

Long-term investing is important, and gold serves as an insurance product to protect against purchasing power erosion.

Key insights

  • “I own gold because I’m afraid of a move from $1925 to $6000.” – Rick Rule explains that he owns gold as an insurance product to protect his purchasing power and highlights his concerns about fiat-denominated investment products.
  • According to Rick Rule, the deterioration of the purchasing power of U.S. dollars is cruising along at about 7%, making gold and silver more popular investment classes.
  • Rick Rule believes that the strength of the U.S. economy is due to the industriousness and hard work of the American people, not the actions of the Fed.
  • Rick Rule predicts that it will be difficult for the Fed to maintain interest rates at 5% or 6% due to the increasing amount of debt and potential slowdown in economic activity.
  • Rick Rule and his team at Rule Investment Media organize boot camps multiple times a year, showcasing their dedication to educating and empowering investors.
  • Rick Rule believes that the uranium market still has a long way to go, as the price of uranium has been steadily increasing and those who invested in physical uranium have done well.
  • Constructing an entire natural resource portfolio from royalty and streaming companies can substantially de-risk participation in upcoming bull markets in precious metals and industrial materials.
  • Rick Rule offers an “absolute gold-plated money-back guarantee” for his services, showing his confidence in the value he provides.

Elderly Homeless Soaring! ft. Peter St Onge...

Wall Street Silver...

Summary

The combination of economic downturns, soaring housing costs, and a shortage of staff in assisted living centers has led to a rise in elderly homelessness, with millions of Americans expected to be affected by the recession and government solutions potentially exacerbating the problem.

Key insights

  • The rising number of elderly homeless individuals is driven by a combination of recessions, including the looming one caused by the Federal Reserve, creating a perfect storm for this issue.
  • The combination of recessions wiping out life savings and high housing costs caused by low rates has led to expensive starter homes and increased homelessness among the elderly.
  • The federal government’s rent moratorium during the COVID era has bankrupted landlords and handed billions to deadbeat renters, causing landlords to become stricter in their rental requirements.
  • Medical emergencies can have devastating financial consequences for the elderly, potentially leading to homelessness.
  • The number of elderly homeless Americans is expected to increase, highlighting the dire situation they face.

Alasdair Macleod: Gold's Rising Power The Answer To The Dollar Decline

Soar Financially...

Summary

The rising power of gold is seen as a safe haven and alternative currency during times of crisis and the decline of the US dollar.

Impending Decline of the US Dollar and Financial Crisis

  • “When banks start withdrawing credit from the economy, interest rates rise, which goes against the common belief that a slowdown in money supply leads to falling interest rates.”
  • “If you look at the run-up to any crisis in our fiat currency world, the first thing that happens is people flee into the US dollar, causing problems for all other currencies.”
  • The amount of losses on bank balance sheets in America is estimated to be approaching a staggering trillion dollars, highlighting the severity of the situation.
  • The end of the fiat currency era is approaching, marking the decline of the dollar and the rise of gold as a powerful alternative.
  • “Difficulties in the collateralization market, reflected in U.S treasuries, are a sign of the declining dollar.”
  • The current crisis in the US Treasury Market could lead to a significant decline in the value of the US dollar, similar to the currency instability experienced after the Nixon shock in 1971.
  • “The quicker that U.S bond yields rise, the quicker that’s going to bring on a banking crisis and a bear market with all the knock-on effects of that.”

Gold as a Powerful Alternative to Fiat Currencies

  • “Gold is rising in power as the answer to the decline of the dollar.”
  • Alasdair Macleod’s ability to zoom out and provide a global perspective sets him apart from other market commentators.
  • “I have no doubt at all that we will see gold rally extremely sharply from current levels because of the accelerating decrease in the purchasing power of Fiat currencies.”
  • Gold reflects the fear of the loss of purchasing power of fiat currencies, especially during deteriorating financial situations like the 1970s.
  • “The answer is that you hold gold not as an investment but basically to get the hell out of credit.” – Gold should be seen as a means to escape credit rather than just an investment.
  • “We’ve got a crisis here and we’ve got to get out of credit and that’s the key thing and the way you get out of credit is you buy gold which is legal money real money.”
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