held the gold. and what's left behind off the gold has been removed so it's silica and other materials it's the sand. and other metals but many silica is there and you have the metals for example there . could be trace amounts but but very small concentrations. and some of the gold always there is your random sauce deep has very little you're on your minutes or so. there's very little uranium. in the us in the stomach you. will get really. not offhand i think the numbers around about 40 to 50 grams a tonne 40 to 50 annually south african mining companies extract 10 times more uranium than gold the uranium is then abandoned leaving behind radioactive mined tailings so the kind of control you do the samples you are talking about is the daily basis the gold from. but the radiation 50 would probably be. ok or. over time the waste produced by south africa's gold industry has formed increasingly large radioactive heaps dumped outside in the open at. according to official estimates the mine tailings surrou

gold and donna is one of the world's major gold exporting nations but as miners go for gold they are poisoning reverse farmland and themselves. makeshift gold mines like this one has made many young canadian men richer than their wildest dreams. they are also destroying their lives often the damage only becomes apparent when it's too late. many of the miners handle mercury with their bare hands the metallic element is used to extract gold from sediments. but it's highly toxic poisoning every tissue it touches. it causes lung damage kidney failure tremors and paralysis in many cases exposure leads to death the symptoms are often misdiagnosed as tuberculosis. the turn of bored ga in western ghana has a population of around $5000.00 since 20081 of rights and gold prices led to a surge an unregulated mining dozens of young men have been dying each month no one believed mercury was to play in. we did know and used to suck the mercury into our mouth and throat so that we could get the gold when she all the guys working with mercury got sick when they got sick we didn't think it was the mer

this is gold and the tlt bonds sold off, gold sold off. basically what you will see here is it is a normal reaction, meaning after a big move you rest after a big move you rest. after a big move, and we are doing the same thing ultimately in tlt i think you have the same setup. just draw the staggered thing again. you get a big move, pull back, a big of mo. this consolidation ultimately, and that's the bet here, is resolved up and out. i want to be long goaled, and if you are already long i would get bigger. >> is this a safety trade you would buy into, mark >> yeah, i think it is going to continue to work, at least for the next few weeks, few months like i said, until we hear that positive tone shift, if we actually hear it from ceos, where would we be putting money right now? i don't know that gold makes sense for us at this point for our clients. i really look at this as more of a really calamity hedge, use it as an inflation hedge, and there's really no inflation right now. in fact, we are fighting deflationary forces because tariffs a

the gold yeah the gold you use in your jewelry. or you know i you know the ones here that are ok don't you think it is kind of a surprising that you don't know where to go comes from the caribbean so here you believe me to tell you you know ok i've heard of the. of the consequences of mali a gold mine says i forgot that for example the mind savings uses when you burn injuries better environment to learn to know but. that's just sorry isn't better stuff i've heard of the 1st word where you know. her thank you very much for you i'll come. back in a world overshadowed by the waste dumps of south africa's a vast gold mining industry. people are gathering in a church hall. tiny the activist has come to syria to exist and. their drugs on people with here. so to have all the children whose has something smashed on has taken for testing. what has spread and even the national media present. everyone wants to know what the scientists have concluded. what thank you so much again for being here today i really appreciate the fact that you've co

to gold yeah the gold you use in your jewelry. or you know i you know knows you better ok don't you think it is kind of a surprising that you don't know where to go comes from the caribbean so here you believe you are you know ok i've heard of the. of the consequences of my own mind in zones i forgot of for example the mind savings this is what you burn injuries better environment to learn a job or that's just sorry is a negative stuff byproduct of the 1st word where you know. it's going to hurt thank you very much no you will come. back in a world overshadowed by the waste dumps of south africa's a vast gold mining industry. people are gathering in a church hall. tiny the activist has come to syria to exist and. their drugs on people with you. so to have all the children whose has something smashed on has taken for testing. what has spread and even the national media present. everyone wants to know what the scientists have concluded. or think you so much again for being here today i really appreciate the fact that you've come qui

held the gold. and what's left behind off the gold has been removed so it's silica and other materials it's the sand. and other metals but many silica is there any other metals for example there. could be trace amounts but but very small concentrations. and some of the gold also there is uranium sauced deep has very little uranium minutes or so. there's very little uranium. in the us in the stomach you. will get really. knocked off and i think the numbers around about 40 to 50 grams a ton 40 to 50 annually south african mining companies extract 10 times more uranium than gold the uranium is then abandoned leaving behind radioactive mined tailings so the kind of control you do the samples you are talking about is on daily basis the gold from. but the radiation 50 would probably be. ok or. over time the waste produced by south africa's gold industry has formed increasingly large radioactive heaps dumped outside in the open air. according to official estimates the mine tailings surrounding johannesburg

the gold yeah the gold you use in your jewelry. and you know i you know the ones here that are ok don't you think it is kind of a surprising that you don't know where to go comes from the caribbean so here you believe me to tell you you know ok i've heard of the. of the consequences of my coal mines i forgot that for example the mind savings uses when you burn injuries better environments your eternal job or that's just starting his index or stuff i've heard of the 1st word where you know. her thank you very much know you will come. back in a world overshadowed by the waste dumps of south africa's a vast gold mining industry. people are gathering in a church hall. tiny the activist has come to syria to exist and why their drugs on people with here. so to have all the children whose has something smashed on has taken for testing. what has spread and even the national media present. everyone wants to know what the scientists have concluded. or think you so much again for being here today i really appreciate the fact that you've come

you can now use gold as money.l gold standard. >> is that your tag line >> no. >> if it's not, you should use that. >> yeah. just thought of that. >> created our own gold standard. >> the debit card launches today. >> it launches today, yep. look at our website glint pay.com. >> you can use it anywhere that mastercard would be accepted >> anywhere in the world 35,000 feet in the airplane if you want. >> i'm going to buy this lunch using gold. >> now. >> jason, good stuff thank you for coming on "worldwide exchange." >>> on deck, what is old is new again at the box office and it's a winning formula in a big way for disney the eye-popping box office record that was just broken this weekend. at the alzheimer's association walk to end alzheimer's, we carry flowers that signify why we want to end the disease. and we walk so that one day, there will be a white flower for alzheimer's first survivor. join the fight at alz.org/walk. here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? eve

gold standard because when they reject the dollar they will embrace gold and gold will once again serve as the primary reserve asset for currencies around the world great and preferred. wolf just quickly there was a nother point for economists here alexander culture of cortez in the hearing talked about the phillips curve which basically expresses the assumption that the lowest certain level any decrease unemployment will correlate to a direct increase in inflation and mr powell remarkably seem to agree with her critique so quickly what's what's going on there when we see this convergence between left and right on the phillips curve. well we now know that there are many other variables besides what the level of interest is and so forth of the level of unemployment and prices so that a line that draws a connection between the 2 ignores all the other factors i think what our xandra it . was getting at though was a much more profound could take peter fish shift is right the problems of the american economy are very deep the inequality that exists here that has to be addressed that's not ev

you can buy one sent worth of gold or millions of dollars in gold. more access in the market.ave allocated legal ownership of that gold. it is stored in a vault in switzerland run by brinks, one of the most reputable custodians of gold in the world. we are partnered with people like mastercard, lloyds. those companies, the auditors. they all want to make sure that the gold is there, that the amount of gold that we say is there is there. it is solid as well. with somee a problem of the digital currencies. gold is trusted all over the world. caroline: you are speaking to a man who collects gold coins, by the way. you said earlier that gold never loses its value but if i had bought it in 2011 and sold in 2015, i would have lost 40%. that's not true, it goes up and down. do you expect people to go in and out or use this as a long-term store of value. money is something you save and spend. we want to give people choice. in the app, you can hold dollars as well. with your card, our plastic card and solid gold card. caroline: people will be carrying it around with them? jason: you wa

we are also looking at gold prices. david: what are we doing as far as gold is is concerned?ou see it back the last three-month, it has done well. one stock we are watching very closely -- it has come up from its lows, shares of evolution mining. aussie is 130 down as we speak. it is the second-biggest gold producer in australia. 8.4% drop in sales volume for the fiscal fourth-quarter sales for australia. yvonne: joining us is executive chairman of evolution mining. he joins us from sydney. this windfallbout we are seeing from gold prices? what does a producer like yourself do if the best strategy is to hand it back to shareholders? or do you use it for growth? it is a great time to be a gold miner. we are in a cyclical sector. there's no doubt that today, there were more reasons to be bullish gold from the fiscal debt environment to the geopolitical tensions. there are reasons to be very optimistic and bullish. today it is trading at $2030 in australia. around a record level. three months ago, it was $1800 a month it is great to be operating in this environment. at evolution

>> the gold award is project based. and unlike a rank, you dono haveve earned the other precious metals on your way to earn being the gold award. i call it the ph.d. in girl scouti, because it really is about having a girl's, what she is curious and concerned about, taking that and making it something that she can improve. >> so there are 225,s this this region? >> this year. the girl scouts of the ncaion's tal is the largest in the country. we have over 60,000 girls in maryland, virginia, western virginia and the districtf columbia. and it is the highest number we've had in a decade. so it is incredibly exciting that so many gls are using their civic participation to really make a difference. >> you reently started a campaign to spread the word about the good works that the aldward girl scouts areg. doin we want to take a look at thatd right now. >> going out! going up! >> i knew this day would come. when you'd change. whenou'd spend all your time with friends. or on the phone. getting home late every night. >> here yo

shery: it seems everyone likes gold at the moment.is reflecting the macro environment, when you see so much negative yielding debt? this chart showing that we have about $13 trillion of negative yields when it comes to the bond markets. has gold all of a sudden become the positive yielding asset? suki: it's important to look at how investors have responded to gold. a month ago, investor position was very light, most were not focus on gold. now we have more tactical investors becoming more favorable to gold. it is the retail investor that has not. that that are concerned the index could grow are starting to take an interest in gold at the moment. positioning has become elevated but we don't think it is overextended yet. when you areut looking at a currency like the u.s. dollar? a lot of people elect the president want to see a weaker u.s. dollar. how does that there to play into where gold goes from here? suki: perhaps a key driver for much of 2018. we saw the correlation between the dollar and gold strengthening, above 70%. this year,

all the gold the gold you use in your jewelry. and you know why it is. annoys you better ok don't you think it is kind of a surprising that you don't know where to go comes from the caribbean so here you can even. tell you ok i've heard of the. of the consequences of my own mines i forgot of for example the mind savings who says we can burn injuries better for your target job and that's just our islam director stuff i've heard of the 1st word where you know. her thank you very much know you will come. back in a world overshadowed by the waste dumps of south africa's vast gold mining industry . when people are gathering in a church hall. tiny the activist has come to see or to exist to avoid their drugs on people with here. so to have all the children whose has something smashed on has taken for testing. what has spread and even the national media present. that. everyone wants to know what the scientists have concluded. or think you so much again for being here today i really appreciate the fact that you have gone quite a long way to me here musto runs th

it starts there and they understand gold and understand risks and we're in a period now where gold blossoms. when you have low real interest rates and negative gold does well and then the inability of the industry to respond to a higher gold price is i think the key to get it going forward. we also have a situation now where we've been grinding for six years. we've built the base it's broke through that technical resistance at 1360, it's starting from a higher base it will hit the all-time highs of 1900 to 2,000 because we're starting from a higher base than we did back in the late '90s. >> dead right on this. a lot of people doubted you when you came on, not me. gold should be part of everybody's portfolio. the growth gold mine come pap knee, "mad money" is back after this tell him we're flexible. don't worry. my dutch is ok. just ok? (in dutch) tell him we need this merger. (in dutch) it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g. more f

just think, gold was confiscated, they were talking about taxing gold and regulatin it so they'll do that with crypto as well. but no, no, if the market is allowed to operate, the bad guys get weeded out in all forms of economic activity. but it's hard to find that

they call it digital gold.u agree >> i think there are some similarities, but things that aren't very similar. because the unit of account is an ounce of gold, you know, you can put it in your hand. the crypto, you can't quite do this, though, the people who like crypto will say so. but i still am locked in with thinking about the regression theorem, which says you have to go back to that unit that was once called money. like, our dollar originally started as a silver dollar and it was connected to it just think of the difficulty of the sdr. they were going to create money out of thin air and get people to use it back in the '70s nobody paid any attention to that and i think that's one of the problems with the euro right now. it did not start off with somebody knowing what a euro is. so it's having problems. but all currencies are fiat now. and that's why people are -- some of the central banks, many are buying gold and looking at alternatives and looking at crypto and i think that's good, but sorting this all

okay, lot number 51, the gold bar. $55,000 is bid.000. >> you marvel at their brilliance. how is it possible that these were under the water, in turbulent conditions, for 400 years and look like they were crafted yesterday? >> $60,000. $65,000. $70,000. and $75,000 next. >> yes! >> $75,000. sold for $75,000. a fabulous emerald cross. $85,000 is bid. and now $90,000. $90,000 is bid. and now $95,000. sold for $95,000. now lot number 53, the gold disk. $60,000 is bid. and now $65,000. $80,000. and now $85,000. and $90,000 is bid. and now $95,000 on the phone. selling once. selling twice. sold for $110,000. the gold chalice. $350,000. and $375,000 next. sold here for $350,000. aggregate >> some buyers get bargains, but the final tally of just over $2 million is a tidy sum for both the fisher family and taffi's foundation. >> some of the bids were very high. some of the bids were very low. but, you know, everything sold, so i don't have to carry anything home. maybe can save some lives. and maybe we'll just go out and find a whole bunch of

gold: mm-hmm. the december 31 timeline you spoke about, someone i talked to on a frequent basis said there was faith at the beginning of the year the congress was going to get this done and now it seems they are running out of steam. they are not positive it will get done before california is implemented. do you agree? rep. latta: you are right, a lot of work needs to get done. we are at the end of july and when we come back after this august work period, we will only have about 40 hard-working days, unless days are added to the calendar. that is where over the summer work period, they will have to be some work done as we keep progressing to make sure we get to that point. again, we are up to a date that we know something will happen with california kicking in. ashleyongressman, referenced this earlier, but the ftc fine of $5 billion on facebook, is that enough, in your opinion? is it too much? there is also talk about the tech companies being too big. i want to get your philosophy. rep. latta: we

negative yielding debt, want to protect yourself, by gold -- buy gold?ay dalio says we are coming to the end of a period, a paradigm shift. what happens? return, which could be through gold in the portfolio. real interest-rate returns will push so low, you may want to consider buying gold. it is a 6000 word piece, and i confess i have not read all 6000 words. what i like that deutsche bank said this morning about gold, it's a way of protecting yourself from a currency war. dalio talked about paradigm shifts, and of an -- end of an --, cannot agree wit cannot disagree with that. and from deutsche bank, we don't know how the 2020 fx currency war could look like. the bloomberg dollar index, what you have here is that the dollar is shifting, but also s&p futures. deutsche bank shifting views globally, from 50% to 40%. netflix has had a damascene moment, in terms of, is it all really good news in pushing through price rises, you need exclusive content, and oil slipping a little lower. nejra: let me look at the 10 year treasury yield, heading back towards 2%.

they're in trade and so you know if there were i don't think there's ever going to be a gold standard because you're just going to have too much political rights against it but to incorporate say gold into the s.t.r. or into the components of currencies and again you start to bring back a little bit of a leveling effect throughout general trainor mean it just seems like absent a global trade unit of account that is kind of a gaslighting global economy is like a gaslights the organ area people because they are still most people still think of economics work in the world operates pre-one 971 and they still think that way our economic history is taught that way for example max's mention nobody no textbook in history has ever even suggested that negative interest rates are possible like that's not supposed to be possible right so like we most people continue to operate as things are taught and as they are supposed to be on paper but the fact that we have this magical. money that only bankers and central banks know how much is being created know what the how how much for all there is how m

>> when you think about gold, it has two roles. first, it has the role as a currency, a means of exchange. that's where you have this safe haven asset quality coming from. then you have a role as a commodity. when you look at it as a commodity, it's all about supply and demand when you look at demand for gold, it's healthy demand. supply is the area that is the driver now we've seen yun underinvestment o gold mines for many, many years due to financing in the gold market, and that's restricted the ability to build new capacity the prospect of future supply replacing supply eaten away every day is not there as well from a supply side point of view we have a strong foundation for the gold market. >> that reduced capex, is that something you've seen elsewhere in commodities that you think will help to support commodity prices even if there is a potential downturn in demand >> i think there's two ways of looking at that. it can be seen as reduced capex. we like to look at it slightly differently. we look at it as capital discipline the

these government-issued gold coins are official u.s. legal tender made from solid gold mined here in america and fully backed by the united states government for their gold weight, purity, and content. do not delay, call now to purchase your gold american eagles for the amazing price on your screen. gold is now on sale at prices unseen in years and this year could be one of the greatest gold-buying opportunities of all time! call now while vault inventory remains. as one of the largest u.s. gold coin distributors in the country, the u.s. money reserve has proudly served hundreds of thousands of clients worldwide. don't wait another minute, call now to purchase your american eagle coins at cost for the amazing price on your screen. liz: it has been a wild ride this particular hour. federal reserve chair jerome powell gave investors a slight taste of what they wanted, with a 25 basis point cut, and then a slight taste of what they didn't want, which was no clear indication that there's no way he will be on this path for more rate cuts. so that sets up for a battle with president trump,

onlyis fascinating, not because ray dalio thinks investors should own gold, but because gold has dones year. you isis chart shows that silver has done even better than gold over the last month. this is a chart going back one year. and what it is is the gold-silver ratio. when silver does better than the yellow stuff, this comes down. well againstne so gold that the ratio has come down below the 50 day moving average, something investors may want to keep an eye on. anna: fantastic chart about matt -- chart, matt. if this was battle of the charts, you would be winning. a negative day for trading, but we see health care to the full -- four -- fore. novartis a big winner. this is number. -- this is a bloomberg. -- this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, ev

keys event unfortunately in gold and silver no such proof of keys exists any time gold or silver starts to move higher the co max and the people who run the comebacks the people who are members of the comebacks slug the market with fake sell orders counterfeit sell orders otherwise known as naked short sales to bang the price down artificially this is been documented over years it's not really something that folks debate anymore it's irrefutable this is just the latest proof that it's a criminal conspiracy and it will continue it will not end because the regulators and the government officials are part of a or act in the only path forward is through big coin which is hard money but not prone to bend obvious criminal all market manipulation merrill lynch and virtually every other bank on wall street merrill lynch is of course owned by bank of america and this is this fraud went on this criminal fraud and if it was just an any individual here at this conference doing it they would be in prison charlie shrem for example went to prison for much less than this because this went on from 2008

mine because gold has always been a safe. even during times where nations are de globalized where they don't trust each other and that is when people turn to gold and now people are bigger institutions and nations might be turning to big point but on the individual level where their retail person operates one thing you see over and over and you saw that with you see it with elizabeth warren and what they do is they mention that it's a rigged system. and gold are ways to escape that rigging the minute and a system rigged towards a particular participant in that system and it's always the banks in terms of our financial system and i'm going to turn to have mine that again report has been at the forefront of this since the beginning 10 years ago we started in 2009 and what did we talk about we talked about the precious metals manipulation well it was called the conspiracy theory and people even when anybody in like the u.k. press will write about us and say where conspiracy theorists about precious metals well here's i have mine

don't put it off another day, call now. - and you're buying gold, gold has protected me. always think, and i laugh about it. when i'm sleeping, my gold is working for me. it's still making money, and it won't do anything else but make money. of all my years involvement with buying gold, it's only gotten better in my faith in the company. us money reserve, that's the company i do business with, and i don't see doing business with anyone else. - [announcer] don't wait until the next crisis, get started securing your financial future today. call and request your copy of the complete guide to buying gold, absolutely free. if you have bought gold in the past, or you would like to learn more about why physical gold should be an important part of your portfolio, simply call to receive the complete guide to buying gold, filled with new and exclusive information including the official precious metals guidebook, the diversification strategy guidebook, and perfecting gold ownership, which will provide you important, never seen before facts and information you should know about makin

these government-issued gold coins are official u.s. legal tender made from solid gold mined here in and fully backed by the united states government for their gold weight, purity, and content. do not delay, call now to purchase your gold american eagles for the amazing price on your screen. gold is now on sale at prices unseen in years and this year could be one of the greatest gold-buying opportunities of all time! call now while vault inventory remains. as one of the largest u.s. gold coin distributors in the country, the u.s. money reserve has proudly served hundreds of thousands of clients worldwide. don't wait another minute, call now to purchase your american eagle coins at cost for the amazing price on your screen. charles: stocks sliding right now, this after the dow hit another all-time high. then we had some wobbliness if you will with president trump saying there is a long way to go in the china trade deal. still, folks, the american consumer continues to step up to the plate, buoyed by a strong job market, higher wages, retail sales for june, way better than expected. th

it does not gold up -- does not gold dust go up as much. >> before we do that let's look at g dx. are traders out there who gdx.to play the here hear breakouts through 27 taking place. if you make it through 32 which is this central peak amount that will equate to the six-year base that we saw in the gold chart itself and suggest that this could go higher possibly 240 why are you run into the next resistance and maybe higher. >> that is supported by a rising [inaudible] that is interesting you would take a play. would you prefer that gtx or gld? >> the historic relationship has been that the dod been -- done better than the g dx. it has not made a decision. on this breakout. >> if stocks in gold go higher, may be the gtx is right. >> happy friday. great to have you here. back to you. >> we want to bring you up-to-date on some headlines coming from the president, president trump. he said it is a beautiful thing to have a strong dollar. he was speaking to reporters at the white house and said i did not say i am not going to do something about the dollar. he talked about the fed sayi

safe haven 1st talked about on this show a few years ago as being the ultimate safe haven better than gold to be a safe haven and that a lot of money moving into because it was the result of safe haven funds risk off money when the risk in stocks of bonds gets too high there's a risk off feeling in the markets and institutional money starts looking for a safe havens it becomes a safe haven this this idea makes gold bugs puke they can't believe it they're disgusted that they did never saw this coming every single gold bug if they followed cars reported closely they would all be retired by now on their $1000000000.00 private islands and wouldn't hear from them at all but they were failed to take the intellectual leap into understanding what's going on here it's open source money big coin is. what linux was to unix ok that's all you need to know if you don't understand i just. get out of money business stop managing money stop talking about money because you don't know what you're talking about and the fact is it is a safe haven play and as $100.00 trillion dollars worth i don't cash sitting

as we're talking about this gold thing, slightly off topic. >> it's a gold convertible bond not a gold thing it's simple. >> let me ask the question the thing missing in the discussion anywhere outside of zimbabwe is inflation. when you talk about central banks, whether you agree or not, when you talk about central banks across the world being in an easing stance going up, it flies in the face of the transition mechanism, which is inflation. >> the transition mechanism is cheap money and negative interest rates that's what's creating the spiral. >> the banks are it's a tran mission with no torque converter. >> rick, i don't think you're answering the question should gold be this high without any inflation? >> of course i'm surprised it's not higher. look at the chart of inflation in gold since 1980 it doesn't work out that way. >> that's because expectations don't always work out that way i submit to you that prices rise on currencies being debased and inflation taking over. >> how do we correct that lowering rates >> i'm on the same page with you, rick. >> we have glaring examples of

don't put it off another day, call now. - and you're buying gold, gold has protected me.think, and i laugh about it. when i'm sleeping, my gold is working for me. it's still making money, and it won't do anything else but make money. of all my years involvement with buying gold, it's only gotten better in my faith in the company. us money reserve, that's the company i do business with, and i don't see doing business with anyone else. - [announcer] don't wait until the next crisis, get started securing your financial future today. call and request your copy of the complete guide to buying gold, absolutely free. if you have bought gold in the past, or you would like to learn more about why physical gold should be an important part of your portfolio, simply call to receive the complete guide to buying gold, filled with new and exclusive information including the official precious metals guidebook, the diversification strategy guidebook, and perfecting gold ownership, which will provide you important, never seen before facts and information you should know about making any go

let's start with gold.f those gains after the farm numbers -- what is factoring into gold prices right now? >> the biggest driver of gold prices -- historically and even now -- is long-term u.s. real yield. they have a strong negative relationship with gold and we have seen as the fed is expected to cut -- it's expected to lower u.s. real yields and result in higher gold prices. that's not the only factor that drives gold -- the u.s. dollar has played a key role -- as well as safe haven demand. linkedgold prices peak to the idea that we had that sector of support, lower u.s. real yields, and we also had u.s.-iran tensions flaring up. those factors are really supportive but what we see going forward is that gold will be supported as the fed cuts, and our forecast is that we have seen for fed rate cuts over the next year, the first being in july. that should see real yields fall, gold peaking at $1500 per ounce next year. >> so no reason to think that what we saw an gold over the last few weeks will be erased

these government-issued gold coins are official u.s. legal tender made from solid gold mined here in fully backed by the united states government for their gold weight, purity, and content. do not delay, call now to purchase your gold american eagles for the amazing price on your screen. gold is now on sale at prices unseen in years and this year could be one of the greatest gold-buying opportunities of all time! call now while vault inventory remains. as one of the largest u.s. gold coin distributors in the country, the u.s. money reserve has proudly served hundreds of thousands of clients worldwide. don't wait another minute, call now to purchase your american eagle coins at cost for the amazing price on your screen. >>> welcome back to "power lunch. boeing soaring today after the aerospace company reported a $5 billion after tax hit tied to the groundings of the 737 max. with earnings next week, what should you expect next bill of blue line futures and steve, steve, why don't you weigh in the street is celebrating having some kind of number on this potential extra expense related

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>> physically backed gold etf's attracts a gold price and the alleged difference between the gold price the etf is the cost. when you track in other etf's you have to go through futures. you go through futures first and commodity second. there are two things involved. microeconomics and macroeconomics are favorable but the significance is etf are a better way to invest versus yields. you store and put it into a vault. what we show is gold etf's since the bottom, the total holdings is up 60% versus the price since the bottom is up 30%. part of what is happening is gold etf's are pulling the market a long and it is a foundation below the market, a bit of a leading indicator for the gold price. guy: let's talk about what else is in the space. among the remainder of the commodity etf's not physically backed and related to precious metals, you show the benefit of soybeans versus crude. can you walk us through what we are seeing? out: i have to point soybeans. there is only one in gold. it is unique in that it closely despite anspot price expense ratio. the reason for that is soybeans have a