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Well, this is something you don’t see every day. In fact, this is something we haven’t seen for over 55 years as the amount of gold being purchased this year is at its highest level since 1967, when the world was still on a gold standard.
That’s right. And the crazy part is we have no idea who is buying all this gold.
Timecodes
0:00 Central Banks are the Biggest Buyers of Gold
3:47 Jewelry Demands Increase Gold Value
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40 Comments
Russia is stockpiling gold and along with China they are manipulating the world reserve currency
Gotta avoid those doodies whenever possible
I'll see myself out
Central banks are likely making an early play to control the market. During inflation the price can go up very quickly at which point the central banks will dump it to "stabilize" the market.
The tech didn't have a geophone or ground listening device? Stethoscope? You could have even used a widebrim hat, they amplify sound and channel it to your ears. An Asian rice hat or sombrero would have worked perfectly, but looked really silly. …maybe he just wanted to see you on your knees for shiz and gigglez.
Reminded of the terrible western comedy, "The Villian" starring Arnold Schwarts-watsitz, Kirk Douglas and Ann Margaret. Arnie comes across an Indian laying with an ear to the ground and he begins describing a wagon full of people that passed by.
Arnie asks, "You can tell all that just by listening to the ground?" and the Indian answers, "No, they ran over me just a while ago."
No!! Go buy Crypto! Crypto is the new gold.
It's so much better.
lol
European countries have a secret agreement to store the amount of gold proportionate to each others GDP. Almost like they've been preparing for some sort of reset or something.
Monopolies are created by governmenta? Bruh….
What about silver?
Hopefully it’s the Federal Reserve buying it, that’d be the smartest thing ever, insider trade the dollar into gold. I doubt it though.
so, gold is gold, and premiums are high..not as high as silver…recently have viewed silver prem's at over 27% of spot value…unsettling to say the very least.
Buy precious metals now as much as you can, folks. These central banks are hoarding them themselves. Overprinting dollars without physical commodities results in economic suffering. Great job keeping your ears to the ground for us, brother!
BUY LOT OF BITCORN. look like a someone fallowing China
Americans probably don't want FDR to confiscate their gold.
2011 was the last time the housing market prices bottomed out and silver and gold were at a high at the same time.
People in India are smart
Thank you!!!
You can bet it is the FED buying the large amounts of gold
I wish Elon Musk could buy YouTube and get rid of all these bots in the comment section. Google sure don't care.
That was impressive Joe, you made me laugh with your explanation of your frustration, all while pointing out the lack of business understanding in government.
Thank you again for sharing your understanding of the metal scene, and who is doing what. As it's always been through history, there is no better time to invest in precious metals, than right now. I hope the internet company you've got meets your future internet requirements. Oh, great editing in the video, there getting really smooth.
Joe, your channel is great, but the comment section seriously lacks in community with all of the bots. And this needs to stop, especially with the idiot that keeps asking us to text him.
So no one knows the bank ?
Conspiracy theory time; what if they are making moves to go back to sound money based currency and declare the fiat void but short term exchangeable for the sound money in a ratio designed to eliminate Inflation overnight.
Low level rich become middle class, middle class become poor and have be dependent on the government.
Why does American paper gold price help all these foreign buyers to get the real gold cheaper? Are American bankers and government whoever involve the manipulation of a real gold price so stupid, or ignorant?
Joe, should I sell my shares in masterworks to buy gold? Lol.
Russian rubles are currently at a high mark, if they weren't at war currently I'd bet they were the big buyer as they are working with others to create a new world reserve currency
It takes a gold mine to run a silver mine
buying gold as a hedge… capitulation incoming!!!
BRICS seeking a stable, non-weaponized fake currency.
WW3 INCOMMING
This is a really good one.
Maybe Canada? Since theyre have none last time I checked.
Why does any country have to report their gold buying,it is no one’s business but theirs
there was actually a new discover in Uganda where they claim to have struck a deposit up to $13 trillion back in July. I personally believe that is the reason we saw gold sell off over the summer.
greater supply = lower price. let me know what you think of this hypothesis
Per-capita who buys the most gold ?
If you can't buy gold coins, buy PAXG
Wait until someone has to check and confirm China's gold holdings. China's central bank will burn down faster than a Chinese govrenment grain silo about to be audited.
Hi Joe, can you go into more detail exactly how central banks buy gold and what possible sources are involved. When you’re in the market for several tons of gold who do you call? And it’s not ghost busters 😂!
Thank you
You are an awesome inspiring educator.
Please, stop those silly pics.
Strange that the name BLACKROCK does not come up as the biggest gold owners…