because they're very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilized saying their local currency right well this is the game that central banks play with fear money and the gold market so the demand for gold is always there to some degree and the gold bullion banks on the central banks they play around with interest rates and they owe is get that 3 or 4 percent move up in gold which they then scalp on an almost daily basis they come in and they dump huge short shells for should say short sells into the gold market and they scout the market continuously that's why gold prices been very sluggish it's moved up over the years but it's very sluggish compared to the amount of creation and debt creation but what happens if you lose faith in the central bank utterly like what's happening in turkey people are not going to be efficient playing these games anymore they're just going to go along goal and if the central bank of turkey collapses they're willing to accept that risk because number one their gold would skyrocket and number 2 the

i think a lot of gold. mistakenly obsessed with its physicality that it's real it's tangible it has intrinsic value what i think been missing is that gold so sorry to be queen so it's all of the properties that make gold good is a store of value in the properties that have been understood since the time of aristotle. fungibility divisibility portability and most importantly scarcity the way i think about bitcoin is its gold with teleportation built in and that's it that's a critical comparative advantage is critical innovation the queen brings that gold is never had gold physicality causes a problem of locality it's hard to mirth and it causes a tendency to want centralization of storage which makes gold much more vulnerable to state attack and because it is so if you look at u.s. history for example in 1933 franklin roosevelt issued an executive order 610 through which confiscated every one savings which was at the time in gold gold was money that is something that decline is much better preventing and i t

than gold and gold is becoming the new silver. it's a higher stock to a lower stock of low now. and i think, you know, the way things are going a bit continues to appreciate. then gold effectively becomes cheaper in real terms, which makes it more economical to use it in industrial uses. and i know a lot of the gold bugs like to say, well, you know, we can make cufflinks out of our gold, as peter schiff says, or whatever. and they think that that's a good thing, but that is not a good thing. you don't want your money to have industrial uses in the ideal money has 0 industrial uses and is a purely monetary good. because the more industrial uses you have, the less of a market, the less of a monitoring medium you are actually using. and the more industrial uses you have, the less, the lower the stuff to flow racial because because a lot of that stuff starts getting used up in jewelry and in industry and effectively it's like you've put it underground again. it's no longer part of the stock because you know, if you want to get gold ou

gold conducts electricity better than copper take this gold plated edge connector the gold is used to ensure the best possible connection for high quality fast data transfer. these connectors have to be technically sound meaning the gold plating prevents oxidize ation and guarantees the best possible connectivity throughout the devices lifetime so i thought i know best movement here connectivity be it laptop or smartphone most electronic book which would be function without gold. the electronic waste from 5 computers contains a total of one cram of gold that's actually a lot it's the same as the amount contained in 2 tonnes of. but mining it would generate huge amounts of c o 2 anough to drive a car 3 times around the globe. the greater the ecological footprint of a material or product becomes the more important it is to recycle but does recycling make economic sense and doesn't. we protect the environment our group uses a company that recycles medals including goals. the 1st stage involves shredding the waste in separating plastics from metals that believes a mixture of metals which

if you look at the ownership distribution of gold is really interesting because he coined in gold a close cousins in in the sam we've clue financial assets to the ownership distributions of very very different be the 3 primaries holders of gold on number one ironically central banks number 2 people in places like india people one of the savings in the phone jewelry. and number 3 wealthy individuals family offices and so forth are used on gold funds e.t.s. like to get investor exposure i do not see the 1st 2 core sources of demand for gold shifting yet or in so say i don't think central banks are going to interview coin unit big way in this cycle or people who are in jewellery in india i do think family offices in wealthy individuals are already shifting and considering the queen as an alternative to gold and viewing it as an investment which is more of an asymmetry in gold so i think we'll see a shift from that aspect. but in the car in inflationary environment i think both of them can do well while some of that source of demand for gold is going to swing over to be quite well we kn

will be very hard to get actually gold standard gold has all sorts of problems that make it. much more susceptible to nations said attack the queen solve those problems and the ability to transmit be a coin under the wire. uses a massive comparative advantage to go through if you're a nation like germany you don't have to keep your if we get to be quite standard you have to keep your savings in the new york fed in nevada underground in new york you will keep them in germany it will be your savings and a little bit on fortunately i think the 1st nations there will come to appreciate the service like venezuela and north korea particularly vulnerable to being cut off from the global financial system did the. president of venezuela for instance want to repatriate some goals for england and was unable to they said we're not going to send your colvin's well let's go back to you and i think leaders like that will appreciate being able to have control of something that is deeply required is a massive market and which they can control directly is there a generational aspect of what i

and they've been accumulating as much gold as they possibly can. so really the united states with 21 percent of the money supply had been created back by debts no the last new over the last year is going to be exporting a lot of the effects of the b. and really if we're reaching the end of the debt cycle where do we go from here well that's what we're going to see next year simon you mention are entering the end of 8 that cycle so what steps cycle are we talking about when did it start and give us some characterization terms of it amplitude and what's been going on here when this started in 1971 so this is a multi decade experiment when you move to. debt based on the standards with the nixon show when this was actually taken off the gold standard and now is a supply of gold as really has increased so significantly and say drastically that we end up with the shock of that and obviously the pandemic was the most recent shock of that they allowed them to increase the money supply by 21 percent and this red is led to so much record inequality say the i

gold conducts electricity better than copper take this gold plated edge connector the gold is used to ensure the best possible connection for high quality fast data transfer. these connectors have to be technically sound meaning the gold plating prevents oxidize sation and guarantees the best possible connectivity throughout the devices lifetime so i'd best movement here connectivity be it laptop or smartphone most electronic could quit the function without gold. the electronic waste from 5 computers contains a total of one cram of gold that's actually a lot it's the same as the amount contained in 2 tonnes of. but mining it would generate huge amounts of c o 2 anough to drive a car 3 times around the globe. the greater the ecological footprint of a material or product becomes the more important it is to recycle but does recycling make economic sense and doesn't. we protect the environment our group uses a company that recycles medals including goals. the 1st stage involves shredding the waste in separating plastics from metals that these a mixture of metals which are melted down toge

gold conducts electricity better than copper take this gold plated edge connector the gold is used to ensure the best possible connection for high quality fast data transfer. these connectors have to be technically sound meaning the gold plating prevents oxidize sation and guarantees the best possible connectivity throughout our devices lifetime so i thought i know best move to be a laptop or smartphone most electronic book with the function without. the electronic waste from 5 computers contains a total of one cram of gold that's actually a lot it's the same as the amount contained in 2 tonnes of. but mining it would generate huge amounts of c o 2 anough to drive a car 3 times around the globe. the greater the ecological footprint of a material or product becomes the more important it is to recycle but does recycling make economic sense and desert. we protect the environment our group uses a company that recycles medals including goals. the 1st stage involves shredding the waste and separating plastics from metals that beams a mixture of metals which are melted down together in a fur

at some point equal that of the gold market vid's through all the attributes that make gold good is a store of value so i do expect in the medium term gold will attain and eclipse gold's organization if you look at the ownership distribution of gold is really interesting because he coined in gold a close cousins in in the sam we've clue financial assets to the ownership distributions of very very different he 3 primaries holders of gold on number one ironically central banks number 2 people in places like india people one of the savings in the phone jewelry. and number 3 wealthy individuals family offices and so forth are used on gold funds e.t.s. like to get investment exposure i do not see the 1st 2 call sources the demand for gold shifting yet to be so so i don't think central banks are going to interview queen in a big way in this cycle or people who are in jewellery in india i do think family offices in wealthy individuals are already shifting and considering the coin as an alternative to coal and viewing it as an investment which is more of an asymmetry in gold so i think we'l

gold conducts electricity better than copper take this gold plated edge connector the gold is used to ensure the best possible connection for high quality fast data transfer. these connectors have to be technically sound meaning the gold plating prevents oxidize sation and guarantees the best possible connectivity throughout the devices lifetime so i'd find a best move to be a laptop or smartphone most electronic could quit with the function without go to. the electronic waste from 5 computers contains a total of one cram of gold that's actually a lot it's the same as the amount contained in 2 tonnes of. but mining it would generate huge amounts of c o 2 anough to drive a car 3 times around the globe. the greater the ecological footprint of a material or product becomes the more important it is to recycle but does recycling make economic sense and desert. we protect the environment our group uses a company that recycles medals including goals. the 1st stage involves shredding the waste in separating plastics from metals that piece a mixture of metals which are melted down together in

the gold under a gold coin standard before a gold. standard than the one when when people just using the physical coins i was pretty decentralized i think they the more decentralized the more you go back in history the more decentralized it was anybody could make their own coins and maybe the best example might be the islamic dinar of a decentralized currency because it was popular it's still being used as been news there all over the world for around 1400 years now and it's still a unit in which people actually conduct transactions if you want to get married are you pay your dowry in gold coins and a lot of transactions are being done in that islamic do not which is a specific weight of gold that anybody can issue anywhere in any way you can verify anywhere on the sea is not as easy to verify as it is with gold as it is with bitcoin but it was effectively decentralized yes islamic states where in charge of it and they minted in they put sometimes they put the name of the caliph on it but anybody could mint a coin like that and anybod

gold goes down. here is a moment where a law is passed. gold goes up. so, these trackings were followed by pretty much everyone at that point. people were crazy for the gold market, including your average person. they would talk about, priest would be there, and somebody who ran the tavern, and somebody who was sweeping the streets. they would go and bet in the gold market itself or they would bet on the street. there were people called curbstone brokers. they were there all the way into the evening, and sometimes even , you know, well into the evening, taking bets. and sometimes they were also just what was not the value of gold then, but with the value of gold change in the next three minutes? so there was a clock that would show gold's value was at any given time and people would bet on the streets. this was causing havoc with the economy of the country. because, first of all, you had the war costing $2.5 million a day. you had most of the men off at the front, and many families have lost their main breadwinner. you also had this, you know, kind of m

gold conducts electricity better than copper take this gold plated edge connector the gold is used to ensure the best possible connection for high quality fast data transfer. these connectors have to be technically sound meaning the gold plating prevents oxidize ation and guarantees the best possible connectivity throughout the devices lifetime so i thought i know best movement here connectivity be it laptop or smartphone most electronic goods would be function without gold. the electronic waste from 5 computers contains a total of one cram of gold that's actually a lot it's the same as the amount contained in 2 tonnes of. but mining it would generate huge amounts of c o 2 anough to drive a car 3 times around the globe. the greater the ecological footprint of a material or product becomes the more important it is to recycle but does recycling make economic sense and doesn't. we protect the environment our group uses a company that recycles medals including goals. the 1st stage involves shredding the waste and separating plastics from metals that leaves a mixture of metals which are me

i like gold. i think gold prices are inexpensive.monetary authorities continue to be expansionary, gold should do well. silver will do better than gold. i don't trade silver. far too volatile for my kin. people wiser more courageous or bigger margins accounts than i do trade silver. gold-silver ratio will move in silver's way over the course of several years. copper will continue to do well. the grains are very strong, go from the lower left to the upper right. if you want to own gold, gld is the simplest and the best way. own gold and silver, cef, probably simplest and easiest way. if you want to own the simplest way and easest is slv. if you want to own copper and gold, scx makes sense there are number of ways to accomplish the task. you hear me say it before, i want to own the things if i drop them on my foot will hurt. makes steel, copper, gold, silver, even the grains places i want to focus my attention. charles: dennis gartman, always appreciate it. thanks so much. >> thank you, charles. charles: he made blast headlines blastin

gold conducts electricity better than copper take this gold plated edge connector the gold is used to ensure the best possible connection for high quality fast data transfer. these connectors have to be technically sound meaning the gold plating prevents oxidize sation and guarantees the best possible connectivity throughout our devices lifetime so i'd best move to be a laptop or smartphone most electronic book would be function without gold. the electronic waste from 5 computers contains a total of one cram of gold that's actually a lot it's the same as the amount contained in 2 tonnes of. but mining it would generate huge amounts of c o 2 anough to drive a car 3 times around the globe. the greater the ecological footprint of a material or product becomes the more important it is to recycle but does recycling make economic sense and doesn't. we protect the environment our group uses a company that recycles medals including goals. the 1st stage involves shredding the waste in separating plastics from metals that beams a mixture of metals which are melted down together in a furnace at

about real solid physical gold, just like the gold i'm holding in my hand.and ask the experts at us money reserve to send you their free information package, it's full of everything that you need to know about getting started on your self-directed ira today. us money reserve agents are knowledgeable in all aspects of self-directed iras, and they can help you from the beginning to the end. - the us money reserve i highly recommend it to anybody out there looking for an alternative to these dangerous times. - what they've done for me in my portfolio is i couldn't ask for anything better, i really couldn't. - i would recommend us money reserve without any hesitation, or reservation to anyone. i would not use anyone else, honestly. - securing your savings with gold or silver, and a self-directed ira is an easy way to protect your financial future so you don't want to wait for the next market crash. make the call today, you'll be glad you did. liz: breaking news. covid testing kit maker quidel's stock over the last year, it has done incredibly well. over the last

and gold big problem is the thing that gold bugs are most ardent about which is it's physicality . gold because it's so physical and so heavy and so hard to transport and so hard to move around it can easily be centralized right but if you try to co-opt it coin in the same way you can be hard work off you can be stopped worked like a big white community does not have. have to recognize your co-option point so i it's a very tricky question and we'll wait to see what the future holds but there are a lot of tools at our disposal to allow us to not be co-opted by wall street and by the big banks paul tudor jones mentioned quote bitcoin is a bet on humanity and human ingenuity whereas gold is a bet against it you're response big time i couldn't agree with him more it's you know he has this great framework in his book 0 to one or a talks about you know indefinite optimist up an optimist setter and when you look at the baby boomer generation which most of the gold bugs are from a lot of them were indefinite optimists and the yang of that be the boomers also had definite past and those in

he's dumped all his airlines he went long gold you know gold miner he went long japan so that's tell you everything you need to know he goes on to you know the likes of rachel maddow show and tells everybody keep buying american keep buying the airlines go fly and yet he himself with this own money what he's doing is dumping and then you know with his power and his wealth he buys these sort of people influence because they're just impressed with his money it's not like he has to pay them they're just so an author of how they think as orthodox you know expert thinkers that you know he must be great and therefore it would never he wants let's give him money that's give him some billions no warren buffett's been bailed out by the government at least 3 times in a major way and argue it more than 3 times and if you take away the previously up until recently illegal activity of stock buybacks and you took away the bailout money his performance over the past 30 years without the compound in money a 20 percent but it would be compound in money less closer to 2 percent so not that much differ

gold has protected me. i got involved with gold and something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, the us money reserve. that's the company i do business with and i don't see doing business with anyone else. - (narrator)if you've bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying gold. which will provide you important, never seen before facts and information you should know about making gold, silver and platinum purchases. for faster wealth protection, requested digital version of our complete information kit which will be emailed for faster delivery. - pick up the phone and call america's gold authority us money reserve. with nearly two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide us money reserve is one of the

market as it has been lately do you think it will replace gold. well it has obviously i think we're talking about that drop goal a campaign almost 2 years ago only said that didn't quite takes every single box that goal provides and safety asset but performs even better and clearly 2020 is the year that institutional is recognized to 2 and you see it clearly with the mark with the declining and close of funds allocated to gold exchange fund since october as a flows as they flowed into it quite as almost simultaneously so that represented a transfer of billions in cash 7000000000 dollars in fact in outflows from gold the has now poured into big quite so clearly not something that peter schiff will like it here but we call it quite digital gold for a reason it's completely fungible like gold but it's also way more affordable durable divisible verifiable censorship resistance and scarcer than gold it's also just as durable and way more decentralized so as time goes on bit quiet becomes more established and it will clearly be the asset of choice in th