Central banks are rushing for gold and this will not stop in 2023! Because of the geopolitical chaos in the world today, countries are not just afraid of inflation, they are terrified of sanctions. Even the IMF has admitted that sanctions from the West are driving record gold buying. Here’s what you must know about this gold rush and why banks are stockpiling more even though prices are soaring!
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✅ Timestamps & Chapters:
0:00 The World Is Rushing For Gold!
2:44 Inflation Is The Enemy
5:24 Big Producers Are Also Buying
7:24 The Global South & Gold
9:30 Chaos Is Escalating!
12:02 A Changing Financial Order
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27 Comments
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Nothing happening that's affecting me. It's getting boring. See you in 6 months time.
appreciate for your great work
Good, can't wait for the dollar to doomed, finished,it a diverse world not a white world
The West is currently engaged with an adversary whom will ultimately prevail in the Donbas and Crimea, securing the Black Sea; however, conflict with China can be avoided with prudence. The dollar ostensibly shifted to hypothecate petroleum gold oil, its reserve the richest on earth with intrinsic value accorded Occidental democracy. At present, the United States is beset philosophic flux reaching across political aisle to touch the highest levels of government. President Biden, an innate weakling will face criminal inquest and Vice President Harris, equally incompetent may assume the presidency. The next two years will prove difficult but essentially tyranny is all too alive and well and nuclear armed.
Zimbabwe introduced gold coins last year. The country had been on US and Europe sanctions for 22 years for land redistribution.
Obviously, you can't run an economy just with gold as it has very limited practical value. But you can't run a functional economy for long just with little pieces of paper with ink printed on them either.
Gold is just a more traditional store of value when people start getting suspicious of those little pieces of paper you're printing by the trillions. 🤔😉
Gold is good.
It appears that after the Fed meeting investors are now dumping Gold and buying blue chip teck stocks.
Silvers the enemy of the dollar more than gold
Good work!
why be beholden to a currency like gold or "BRICS" that are controlled by dictaorships who don't believe in freedom of thought and agency for its people? I guess when migration goes to those countries, i will change my mind. They can fall in love with gold at their own discretion, but just because you pour syrup on it, don't make it pancakes. Who is to say platinum, or a rare element needed for clean energy shouldn't be a metal to base currency off of. And why does it need to be a metal?
Over the past few years, certain US states have built state Gold depositories. Where are these states getting the Gold for these depositories?
LouiseAustralia 🦘
The great moral question is, do the collective West have anything to offer the world besides Hegemony? The paper Gold market is over.
Send me money ya gold I tens please
Buying gold is not a power play it is survival mode for China. The USA/USD is in the position of power as the worlds reserve currency and they are squeezing China financially like a snake squeezes a rat. Happy New Year!
Once inflation takes off in the United States the repricussions will be GLOBAL and the FED has been playing footsy with Rates.. the fact is once Inflation digs in to any economy or currency it will TEAR INTO IT LIKE AN UNSTOPABLE METEORITE HITTING EARTH KILLING EVERYTHING IN THE WAKE.. that is why the SMART people are going into COMODITIES like Gold, Oil, Gas, .. at that point the Interest Rates will be IRRELEVANT.
Best analysis on gold I have ever heard. Thank you Sean. Great job.
We buy Zim bonds like hell in Southafrica 🤣🤣🤣🤣🤣😅😅😅🍾🍾🎼🎼🎺🎺🎺🥃🥃
Trust me you will sleep much better at night, snug under your Golden security blanket. That’s because physical gold has zero counter-party risk, is an inflation hedge, diversification asset, and insurance policy in this crazy world of wars, economic uncertainties and collapsing fiat systems. So do what the wealthy elites, central & big banks are doing right now to protect themselves. Follow the money
Its shocking that there is no news about gold and other commodity rich countries in Africa making the movement towards gold
Millionaires having less sleep than poor people.
All Western countries will confiscate gold from individual holders like the U.S. did in 1933.
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It is as you said for Turkey, the Central Bank and people will be buying gold, because it is part of the culture. But elsewhere, the Central Banks not tied to the dollar, are going to buy, while reducing their dollar reserves, to protect themselves from Sanctions. However, as has been shown from the Russian experience with sanctions, the Wealthy are not safe from their foreign assets being frozen or stolen during sanctions. They will be moving their assets away from the Collective West, while turning much into transportable resources like Gold. Thus depriving the West of their investments.
I would if I were able to turn to commodity exchange, and off shore it. But I'm just a 75 yr old pensioner, with decreasing time left. I have a few stocks with tech companies that I believe will be the wave of the future. How this economic crunch will affect them I don't know. They will hopefully survive, and grow later. Post crash. It's a gamble, but not something I need to worry or lose sleep over. Surviving inflation is. That's why I watch geopolitics closely.
Thank you Sean, stay safe…
But there’s often key miss in these reports. (To your credit, Sean, you do quote a partial list that is a snapshot in time. Take a look at a list over the last 5 years that gives the top 20 Central Bank buyers. Sometimes, when you read these articles you might think that the US, or Australia, or Canada, or England or France etc are also just buying tons of gold. That’s not the case. They buy increasing levels of US Treasuries in lieu of gold. MSM is not reporting the massive gold buying because who is buying or rather which CBs are buying. It’s the whole current (and future) BRICS alliance, as you correctly note, that is buying because they are moving to a Gold/Oil backed currency. If you want into BRICS, you are going to have to have Gold or Oil. The US actually does not want its alliance of Western nations buying gold. They want the USD to remain central and remain totally fiat and not pegged to anything. (Canada CB has sold 100% it gold and totally tied itself to the USD. The Americans love that, and wish all Western nations would follow.) Also, for a developing country, how disconnected is inflation from the USD—especially USD denominated debt. Inflation concerns are USD concerns, in part. I will ask the unthinkable: once the BRICS alt-currency goes live half the world will not be buying US bonds, and they might think twice about paying any US debt, if they are comfortable with a very hard de-coupling. Indeed, parts of the world will cash out of US Treasuries prior to going live.