Coin Shop Dealer: The part about gold price NOBODY TELLS you (SHELL SHOCKED)!

Coin Shop Dealer: The part about gold price NOBODY TELLS you (SHELL SHOCKED)!

coin shop dealer the part about gold
price nobody tells you I’m Shell Shocked
gold just got knocked down in price and
is heading to the floor in this video
I’ll break this down for you and show
you the part about gold price nobody
tells you about is that sleeping giant
well the giant is about to wake up I
went to my local coin shop yesterday and
I spoke to my dealer and he told me
something that made me immediately run
home and search this up search this up
on the internet to to see that if he was
really just making this up and he’s not
this is an article uh it by Ross Norman
and it says speculative fro departing
gold as China tightens trading
conditions now China has been
stockpiling gold as we know for for
years uh they’re they’re just leading
the way in stockpiling gold and really
we’re looking at these bricks Nations as
we look as we look at the near future
that they’re going to be creating a gold
back currency I me it’s so clear now
this article says not all buying is
equal and that is becoming apparent to
Gold the article starts arguably the
physical buying interest from central
banks has as well as Chinese retail
purchases underpinning this Market could
count as some of the highest quality in
that neither is likely to return to the
market irrespective of the price action
it’s a pure exercise in making money
longer short gold or soda ash Futures
who cares like 12-year-olds high on E
numbers the Futures Market can be a RI
of activity rif with rumor and everyone
Keen to jump on the latest fat the
article says if you marked the new gold
Paradigm to March 1st 2024 before the
yellow metal went near vertical and
showed little regard for neither
Financial market indicators nor
geopolitics then arguably the gold floor
is Comfortably set at around $260 now
I’m going to say that in plain English
what this author is saying is that gold
had this big jump you know starting
March 1st 2024 that was the big jump and
what he’s saying is that if you’re just
ignoring geopolitics and you’re just
being a Futures a Trader and by chance
you jumped in then you were kind of
Lucky okay let’s keep going the article
says that said fysical buyers who miss
the rally will likely jump in as the
market retraces setting a much higher
floor so check this out the author says
so China has tightened training
conditions as a safeguard in a gold
market that it clearly deems to be too
hot now this is
important if China feels like this gold
market is too hot and they’re tightening
that means they’re they’re reducing the
amount of gold that they’re putting out
that they’re allowing people to purchase
and we live in a global economy right
everything you know just because we
stack these gold American eagles that
I’m showing you on your screen here just
because we stack those and China is way
across the pond it doesn’t mean that we
that our gold market is in a bubble
because it is not everything is a global
economy and China being this
massive hoard know country that that
hoardes wealth if they tighten the
amount of gold that they allow out into
the market that impacts our price of
gold and that right there is a sleeping
giant that we often don’t talk about in
in here in the states regarding our gold
price
sorry regarding our gold price now
everybody’s everyone has been looking at
different uh factors about why gold
jumped and how we could keep it up as
high as it’s been right we want it
elevated $2,400 would be wonderful
because we want gold to keep going we
we’re looking as gold stackers and
silver stackers we’re looking at 3,000
we would like the floor to be 3,000 but
what this article is telling us this
data shows us that well
actually the floor might actually be
down at around the $2,000 range and when
we when we see a real
correction that’s most likely where gold
is going to land the big question for
everyone is
sure a a correction is absolutely coming
yes we see a correction coming but where
will the floor be that means where is
gold going to land and hover look at
Silver for the past two here I’ll give
you I’ll show you some silver while I’m
talking about silver for the past this
is just a proof eagle for the past two
years really the floor for silver was
about $24 sorry about $22 it was like
hovering between 22 24 sometimes up to
25 that was the floor for silver and
gold was really around 1,800 18850 so we
would like the floor to be
2,300 you know
2,400 but what this article is showing
is really it’s it uh most likely it will
it will drop even lower and here
speaking of silver this is an article
here by James hesk and it says Silver
Price Forecast weaker as investors shift
from safe havens on Lower
risk uh this article says silver prices
are sharply lower on Monday influenced
by a complex mix of geopolitical
concerns economic data shifts and
investment strategies after a spike due
to fears of an escalation in the Middle
East which we were all thinking about
Investors scaled back their positions in
silver and other Safe Haven assets as
tensions seem to ease so this author is
telling us
that as tensions in Iran and Israel as
they ease people are pulling out of
silver people feel more safe whenever
people feel safe they tend to put their
money into other assets other safe
assets like treasuries or they or
they’ll take or lowrisk assets okay this
article says uh geopolitical tensions
and investment shifts as as fears of a
broader conflict in the Middle East
subside with Iran and Israel stepping
back from further escalation silver
prices retract from their recent highs
this D escalation prompted investors to
reduce Holdings in traditional defensive
assets like silver and also us
treasuries according to this author the
shift was marked by a rise in US
Treasury yields indicating a move toward
riskier assets so these are things that
we need to look at as silver stackers
and gold stackers when we see a rise in
US Treasury
yields uh that often tells us that
people are are going to pull out a
precious metals and historically that
that is the truth but as we know the
past 3 weeks that has not been the truth
silver and gold have been acting the
opposite of themselves right typically
when treasury Ys are high that means
that the price of silver the price of
gold is going to drop but it is not the
past few weeks gold and silver have
remained High even with treasure yield
so so it is not a precise science to say
it’s not really precise but look at
yesterday and today the past 48 hours we
are seeing that silver and gold are
dropping so they silver and gold might
be really showing their true selves this
week uh this article also says that uh
economic indicators and silver pricing
show that investor sentiment was also
swayed by anticipation of key economic
indicators meaning the personal
consumption expenditures Price Index
right the pce a critical measure of
inflation eyed by the Federal Reserve is
set to release at the end of this week
earlier Consumer Price Index CPI figures
have already led to adjustments and
expectations for Federal Reserve
monetary policy with the markets on now
foreseeing a rate cut possibly in
September that keyword there is possibly
so by the end of this month right we’re
going to be seeing data come out for the
pce for personal consumption
expenditures we’re all waiting to see
how sticky is this inflation
are we able to get R cuts and really we
all through conversations the past month
U we can tell we’ll be lucky if we get
one rut in December by the way if you’re
enjoying this content please hit
subscribe please hit the like button it
really helps to get this information out
there now with all of these moving
pieces coming together for gold and for
silver what it shows us is that the past
3 weeks it’s possible the past three
weeks were just an anomaly it’s possible
that gold and silver are going back to
follow their typical pattern which is
that when the dollar is strong when
treasury yields are strong silver and
gold drop in price and we might be going
back to our old ways

Silver stacking is the way to go. There are many ways for us to protect our wealth, many ways to swap out our fiat currency for a tangible asset and silver is the best choice. Just look at the past two decades and you can tell that silver will dramatically rise and increase in value over the coming years. You absolutely can’t go wrong. The smart thing to do is to buy as much silver as you can and stash it away! Don’t touch it … the bullion prices will continue to rise and when you wipe the dust off that silver – in 2055 – you’ll be glad you bought in now!

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Keep in touch: pleasantville1@hotmail.com

Disclaimer: I am not a CPA, lawyer, or financial advisor. I am just a guy that loves to stack precious metals. This video is for your entertainment ONLY. Content in this video may be outdated or inaccurate; it is your responsibility to verify all information. This video is for entertainment purposes ONLY.

Topics covered:
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