Why are gold prices crashing even though inflation has soared to an all-time high? Is gold still a good investment and a buy for the months or years to come? We are in one of the most challenging environments and the economy is about to get much worse. While gold is still a fantastic store of wealth for the long term, there will be a lot of pressure on the gold price in the short term. If you are buying gold, you need to buy it for the right reasons and they go beyond just the price. Here’s what you must know about the situation for gold today and beyond.

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    βœ… Timestamps & Chapters:
    0:00 Gold’s Price Drop
    2:43 The Deadly Environment Today
    5:06 The Best Conditions For Gold
    7:27 A Global Rush For Dollars
    9:48 How Far Can Gold Crash?
    12:57 Gold’s Real Value Goes Beyond Price
    15:07 Gold Is Insurance Against Collapsing Currencies

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    28 Comments

    1. Hey Sean, don't forget the saying about "buying when there's blood in the streets". Even if gold falls further, that doesn't imply that you shouldn't average down and buy now. The bottom is hard to predict. If some black swan occurs and things suddenly go crazy, gold will skyrocket and it might become very difficult to get the physical. Get it now but save some powder and expect to be able to get more when it drops. Something to remember — Rick Rule says [paraphrase] that markets can sometimes be irrational longer than a person can stay liquid. So be sure you don't spend all the cash that you'll need to live. In the past couple of years, during the Wall St. silver squeeze, silver wasn't available online for a few days; and then when the Ukrainian swan event occurred, gold spiked quickly. If you keep these things in mind then be patient and deliberate. It's all about keeping a balance between having enough cash, versus spending it [all] on PMs.

    2. Today is saw sovereigns being sold for around $565… there's no way in hell I'd sell for that it's sad to see. In a normal inflationary situation gold would be doing much better but as U said and we can all see these times aren't normal. Stagflation and every asset is devalued, see negative comments on stocks sometimes…I'm glad I'm diversified,why because right now with majority of things devalued consumer Staples is making me paper profits and dividends to reinvest in this sense diversification is doing its job, consumer Staples and uranium right now keeping afloat.Sold almost 500oz of silver this year and when it goes back up I'll sell more I've also traded 300oz of silver Into equivalent gold they are two different assets and other then collectibles and higher premium pieces I'll never think of silver as a purchase again…neither security or investment but a speculative,unproven industrial metal. Cheers for the video bro it's very well done as usual πŸ€”πŸ‘

    3. Morning Sean – The real question for everyone that is purchasing gold is – If you have already accepted that all currencies have been inflated away and is rapidly losing losing purchasing power worldwide, then why are you valuing your Gold in currencies. It simply does not make sense. Count your wealth in Ounces until a new system is established. Peace.

    4. Thanks again .. I am not a big investor and watch you for the news, current situation and your warm voice.

    5. Also wanna add…things will get better eventually,everyday we see doom and gloom on the news and media nothing but fear blanket of misery thrown over our eyes it's constant assault. Let's face it gets f###n depressing, things are bad and will continue along this path awhile but world ain't gonna end so keep our heads up and focus on whatever good things we can too πŸ‘

    6. Top analysis – you have helped me better understand why gold is falling. Will load up on some silver, and wait a few months for a lower entry point back into gold πŸ™‚ Crazy times in which we live eh?

    7. Thanks for the update yes I can see the price dropping further, I lived through the 70's inflation here in the U.S. was not pretty, but I think the 30 trillion is debt now puts the floor in how far up Powell can raise rates before he pivots. Loved Volcker, then, Powell is no Volcker. Did nit know about India and the "tax" thank you. When gold prices shoot up again sell and buy land like Gates and others. That line you said about CBDC's is great "The machines are coming for us" Keep us informed thanks.

    8. Do you invest in corporate bonds eg. Hdb fixed rate bond, or uob perpetual bank? Since it is hdb, ocbc, dbs, uob.. there is so minimum risk ?

    9. It is very concerning that gold is not shining as expected. This crisis is not the average crisis, we are clearly seeing how "the owners of the casino always win". I fear how far we will have to cutback expectations. Gold is failing as an inflation hedge, at least holding well as a devaluation hedge (in euros for example). It this worsens, we might see bans and restrictions on citizen gold, and heavy losses in gold price, leaving Zero Counterparty Risk as the only advantage left on gold. Still, PMs is where I feel safest.

    10. with how things are going now with inflation, the economy, and people losing jobs. people will stop buying metals and take priority with putting food on the table and having a roof over their heads. precious metals will fall or fail when people need more important things like food. i believe thats why metals are dropping in price and why i stopped buying at this time. i’ll keep what i have till i can sell at a profit

    11. Thank you, Sean, for your video. Regarding 10:17, the floor price of gold was $1,049.40 per troy ounce on December 17, 2015, because if gold's price had continued to drop lower, then it would have been less profitable for miners to continue to produce gold due to rising costs. Also the ceiling price of gold was $2,072 per troy ounce on August 6, 2020. An opportunity to buy gold would be around $1,100 per troy ounce.

    12. DEMOCRACY -is DEAD & BURIED – the cause of CORRUPTION , DESTRUCTION & DISCRIMINATION , RACIAL DISPARITY .
      SOCIALISM is SURVIVING & THRIVING in Socialist society .

    13. People would do well to cut their household spending, pay off debts, and save. If everyone did this on a mass scale, the effect could be to make the whole economy to be much more anti-fragile—everyone will have to deal with lower standards of living (there is no escaping it), but we'll pull through to see better days.
      I could say, "I wish I had been cutting expenses and working overtime for the last 5 years!" (and I wish I had been), but you can only change the present and future. I'm doing it now, keeping out of debt, saving, and preparing to use the gold dips to buy in a portion of what I'm saving.

    14. Gold is the only trustfull asset to buy. Yes they can manipulate it for some time, but not in the long run. I will buy another 2-3 ounze this week.

    15. Gold and Silver spot price are being surpassed. Manipulated. Forced down. This is actually good news in a way, simply because it is time to buy more Gold and Silver. A Billionaire in Texas just purchased or ordered 900,000 Silver Eagles and over another 100K more Silver in constitutional Silver. I believe this person is aware how important it is to preserve your money. A safe haven. A hedge against the dying dollar or any fiat currency of the world. All fiat currencies are dying. I was just informed that Robert Kiyosaki has several tons of Gold alone besides Silver. Imagine that. Probably from an average of $250M to over $300M in Gold and Silver. Not too shabby. (Probably some time this decade Gold will reach $15K to $20K or more spot price. Silver $200 to $300 or more spot price as well, again some time this decade) Just hang in there everyone. Now is the time to buy, now that spot prices are low, great video Sean Foo. Thank you.

    16. Have a feeling the drop in gold is done on purpose to make people holding gold get rid of it. Another deceptive practice. Hold your gold folks and don't be deceived. The powers that be wants to scare you into giving up your real wealth.

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