#goldpriceprediction #gold #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips #GoldandSilverforecast
Urgent Warning! Avoid Lifetime Regret and Invest in Gold & Silver to Stay Secure – Alasdair Macleod
Moneywise reported that the US dollar has lost 98% of its purchasing power since 1971, but gold has maintained its value.
Gold and silver prices surged against a weakening US Dollar overnight on Thursday, surpassing the 2,000 and 24 dollars mark, respectively, following an unexpected move by the US Federal Reserve to cut its interest-rate forecast for 2024 in the ‘dot plot.’
Alasdair Macleod, Head-Research at Gold Money Incorporated, forecasts gold at 2,500 dollars and anticipates higher prices with a significant loss in the Dollar’s purchasing power. He stresses the need to focus on the Dollar’s performance, not just gold’s movement. The Dollar fell to a new 4-month low on its trade-weighted DXY index against the rest of the world’s major currencies, sinking by 1.4% from the minute before the Fed’s announcement.
As the US continues to battle inflation, the value of the Dollar could drop even further if it loses dominance in global markets. Experts recommend hedging against inflation by investing in gold, which has maintained its purchasing power over decades.
Regarding the current economic state, Alasdair mentions recession and its significant impact on GDP growth, while gold tends to gain purchasing power in downturns. Research agency BMI, part of Fitch Solutions, predicts a rise in gold prices in 2024, citing expected investment flows. The forecast considers a global growth slowdown, a weaker dollar, and a 50% chance of a US recession, potentially leading to Fed rate cuts.
Alasdair Macleod suggests that Russia and Singapore can implement a gold-backed currency, utilizing interest rate differentials to grow their gold reserves. Gold has long been a safe-haven asset, and its use as a backing for the BRICS currency could instill confidence among investors and member nations alike.
With debt to GDP of about 20%, a strong export position, and a basic income tax of 13%, Russia is in a strong position to put the rouble back onto a gold standard. The major consideration holding her back is the economic consequences for China, which is strongly dependent on the export trade, though her long-term plans are to become less so on exports to America and Europe.
In expressing his belief, Macleod contends that the days of the Dollar are numbered due to central banks’ gold acquisition policies. The WGC data suggest that Singapore, Turkey, China, India, and Russia are the top states buying the largest amount of gold at the start of 2023. Singapore purchased the most significant amount of gold, 51.4 tons, while Turkey acquired 45.5 tons within the same period. China is known to get 39.8 tons of gold, Russia 31.1 tons, and India 2.8 tons of gold.
“Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you’re a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.
Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips”
We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.
We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!
#gold #goldpriceprediction #alasdairmacleod #dollar #currency #money #devaluation #devalue #valuation #value #papermoney #fiatcurrency #realvalue #stocks #stockmarket #safeinvestment #investment #savings #economy #preciousmetal #globaleconomiccollapse #goldbars #silverbar #goldvalue #goldandsilverinvesting #michaeloliver #andyschectman #lynettezang #rafifarber #robertkiyosaki #analysis #copper #insights #forcast #price
The right way to look at it which would explain everything uh for people who can understand this it’s not gold Rising is the dollar falling so if you if you turn the the price upside down and think in terms of what’s going on in the dollar
Not gold you can begin to understand the circumstances whereby the dollar rapidly loses purchasing power which would be reflected in the gold price and um then you know if you talk about the dollar may be losing um a quarter or a third of its purchasing power I mean the conditions
Are there for that to happen even before foreigners intervene and decide to dump the dollar you can begin to understand why um uh the gold price if you like would reflect this at a far higher level MoneyWise reported that the US dollar has lost 98% of its purchasing power
Since 1971 but gold has maintained its value gold and silver prices surged against a weakening US dollar over night on Thursday surpassing the $224 Mark respectively following an unexpected move by the US Federal Reserve to cut its interest rate forecast for 2024 in the Dot Plot Alistair McLoud head
Research at Gold Money Incorporated forecasts gold at $2,500 and anticipates higher prices with a significant loss in the Dollar’s purchasing power he stresses the need to focus on the Dollar’s performance not just Gold’s movement the dollar fell to a new 4month low on its trade weighted dxy index against the rest of the
World’s major currencies Sinking by 1.4% from the minute before the fed’s announcement as the US continues to battle inflation the value of the dollar could drop even further if it loses dominance in global markets experts recommend hedging against inflation by investing in gold which has maintained its purchasing power over decades
Regarding the current economic State Alistair mentions recession and its significant impact on G GDP growth while gold tends to gain purchasing power in downturns research agency BMI part of Fit Solutions predicts a rise in gold prices in 2024 citing expected investment flows the forecast considers a global growth slowdown a weaker dollar
And a 50% chance of a US recession potentially leading to Fed rate Cuts now we present the clips of alisdare mccloud’s insights from his recent interview with liberty and finance before we continue to delve into this disc discussion please subscribe to our Channel and activate the Bell icon for
Timely updates I mean quite obviously as soon as it was going to go through 2000 you could see that everybody you know like you know hedge funds and all you know the momentum chases and all the rest they were going to go in there and
Buy it of course they were so so they needed shaking out and it’s it’s it’s if you like a normal process um as you rightly say nothing goes up in a straight line but having said that um uh in my market report for gold money last
Week um I suggested that it would be perfectly normal for the gold price to tick back to around about 1950 which is where the long-term moving average was on that basis that if you like would be the platform for um gold to rely start moving ahead but I want to emphasize
That we’re actually looking at this the wrong way around it’s not gold going up it’s the dollar going down um this has been very much excuse me this has been very much the case with other currencies um while the dollar was strong as it were but now that the
Dollar has seems to have turned some sort of qu corner and is weakening it’s the Fate now being faced by the dollar as well and I think um to to put it in in context um people might find a little difficult to imagine why gold should run
To say I don’t know this pick a figure 2,300 maybe 2,500 or something like that um or talking about some sort of reset um uh but I think the right way to look at it which would explain everything uh for people who can understand this it’s not gold Rising it’s the dollar falling
If you turn the the price upside down and think in terms of what’s going on in the dollar not gold you can begin to understand the circumstances whereby the dollar rapidly loses purchasing power which would be reflected in the gold price and um then you know if you talk about the dollar maybe
Losing um a quarter or a third of its purchasing power I mean the conditions are there for that to happen even before foreigners intervene and decide to dump the dollar you can begin to understand why the gold price if you like would reflect this at a far higher level think
What happened in the Great Depression um what happened basically was that the gold price went up both measured in terms of goods and this was recognized in I think it was January 1934 they devalued the dollar against gold to try and stop prices falling as it were um intensifying the the depression so
Actually in um a recession or a slump or whatever the purchasing power of gold Rises so I think that’s the first thing that we must get straight um the second thing is that uh where are we in terms of the recession I believe we’re already there
Um I know that um GDP looks as if it’s growing but bearing in mind that the government is injecting probably something like one and a half trillion into uh GDP because virtually all government spending not non-interest spending goes into GDP in the form of um you know it’s suspending of welfare
Commitments and um you know um government contracts and all the rest of it this is not Financial stuff this is pure GDP if you take out one and a half trillion out of GDP between let us say the outturn for the last fiscal year to end September to the expectations of GDP um
At end September 2024 then you’re going to see that actually the you know the nominal GDP is either not rising or is slly to fall now on top of that you’ve also got the expense of of refinancing government debt um and all the rest of it um and
That’s probably going to work out around about 1 and a half trillion on my figures now that compares with last year uh which was a little under a trillion so we’re talking about a 50% increase in in uh the cost of funding uh as well Alistair McLoud suggests that Russia and
Singapore can Implement a gold-backed currency utilizing interest rate differentials to grow their gold reserves gold has long been a safe haven asset and its use as a backing for the bricks currency could instill confidence among investors and member nations alike with debt to GDP of about 20% a strong
Export position and a basic income tax of 133% Russia is in a strong position to put the ruble back onto a gold standard the major consideration holding her back is the economic consequences for China which is strongly dependent on the export trade though her long-term plans are to become less so on exports
To America and Europe in expressing his belief Cloud contends that the days of the dollar are numbered due to Central bank’s gold acquisition policies the WGC data suggest that Singapore turkey China India and Russia are the top states buying the largest amount of gold at the start of 2023 Singapore purchased the most
Significant amount of gold 51.4 tons while turkey acquired 45.5 tons within the same period China is known to get 39.8 tons of gold Russia 31.1 tons and India 2.8 tons of gold let’s get back to the interview if you know how to do it is actually extremely simp simple um and
Uh um the way in which this is done is you ensure that uh your gold reserves are stable by setting your interest rates uh to ensure that your gold reserves are stable now that’s a complete um Vault fast from the idea that uh interest rates should be set to
Manage the economy no it should be to to to set your gold reserves you know once you realize that I mean put it in the Russian context Russia has a certain amount of gold I official reserves in the order of what 2,300 or something like that but also like China Russia has
Gold in other state accounts um there are two accounts in particular um you know sort of On’s a specific precious metal precious metals fund and the other is a wealth um you know a wealth fund um it is believed while this hasn’t been officially divulged it’s believed that
They’ve got a further 10,000 tons or so under in those two um so that you know Russia is in the position where with uh its Central Bank Reserves it can actually mobilize um enough gold backing more gold backing than America declares at 8,130 OD tons so um the other thing
To bear in mind is that uh with interest rates in in Russia currently um around about 15% or something like that um from the point of view of a Russian bank and they would be steered in this direction what they could do is they could walk
Into um uh foreign markets say in Dubai buy bullan where the interest rate uh on the leasing of bullion is in the order of 2% I mean they could just lease B bullion if they want uh is in the order of 2% um push it into the um Central Bank
Of Russia um and get 15% on it now that 15% under a gold standard is effectively 15% in Gold you use interest rates to create the Arbitrage to maintain your gold reserves Russia is in a position where she can do that tomorrow and indeed senior economists in Russia have
Already made this point so I think that’s that’s um absolutely clear uh Singapore is I think very interesting because uh the Singaporean government has got extreme good intelligence uh about Asia about global trade all these matters and as a small island State it’s sitting there knowing what’s going on in a way in
Which we can just not rarely appreciate the fact that she is accumulating gold um and really quite aggressively I think gives us a very very good message that the days of the dollar are effectively numbered and I think this is being echoed in the gold acquisition policies
Of other central banks not all of them but you can see that how other central banks are deliberately building up their gold reserves and I feel sure that if there was more bullion available on the market um which there isn’t because the markets are very tight if there was more
Bullion available it would disappear into the central bank’s coffers they would be accumulating it even more rapidly the only reason they’re accumulating as much as they do is because that is the only gold that is available it’s not not enough you know for many many of these countries um and
Of course there’s some idiots like our government you know who sold it all out so sold all out by 310 tons at something like $250 an ounce uh you know and have they ever gone back into the market to replenish the situation from that obvious mistake no not so far as we’re
Aware historically gold prices have remained stable or even experienced an upswing during recessionary periods according to data from schroers a global investment manager both gold and gold equities have performed well through five of the past seven recessions in the early 1970s do you think these recent Trends
In the market impact the long-term role of gold in the Global Financial system share your thoughts in the comment section below if you find this video informative don’t forget to support our Channel and turn on notifications to stay informed about our latest videos see you in the next video