Huge GOLD News Coming Out Of China! Your Gold & Silver are About to Become “Priceless” – John Rubino

Huge GOLD News Coming Out Of China! Your Gold & Silver are About to Become “Priceless” – John Rubino

we should think of gold not as an
investment but as a form of money so
what you you know the savings you um
used to keep in dollars ought to be in
gold now because gold is a form of money
that’s going to hold its value while the
dollar is inevitably inflated away and
uh with what’s happening in China now is
is interesting because they have Capital
controls their people aren’t allowed to
to for instance buy things overseas um
in at scale and there’s a lot of things
they can’t invest in domestically but
allowed to invest in gold and they are
worried about what’s going to happen to
their economy so they’re buying gold as
a form of insurance against the crisis
that they see coming in their currency
and in their financial system we should
have that same attitude after years of
going nowhere gold launched into the
next stage of its bull market while
inexperienced investors might feel
inclined to capitalize on recent profits
such a move could prove detrimental in
the long run the precious metal has been
breaking out recently amid higher than
expected inflation in the United States
and general anxiety over everything from
geopolitics to the November presidential
elections to where monetary policy and
markets
go former Wall Street financial analyst
John Rubino offers insights into the
complex Dynamics shaping gold markets
from his Viewpoint as a technical
analyst Rubino mentions The Fallout of
abandoning the gold standard while
emphasizing the resultant debt issues
the most recent Congressional budget
office projections put us debt at 99 %
of gross domestic product by the end of
this year and have it on track to reach
172% by 2054 this scenario could trigger
monetization inflation Financial
repression and Market turmoil a scenario
in which gold shines from John Rubino’s
Viewpoint as a renowned analyst He
suggests a strategic pivot away from
dollars towards gold for savings citing
its resilience against anticipated
inflation concurrently analyst further
underscores China’s adoption of gold as
an insurance policy amid economic
turbulence signaling a worth noting
strategy Chinese buyers spooked by a
protracted property slump and a recent
stock market route are rushing toward
gold as economic uncertainty looms
propelling a global bullion rally gold
consumption in China rose 5.94% from a
year earlier to 38.9 one tons in the
first quarter the state-backed China
Gold Association said
Friday meanwhile China’s Imports of gold
raw materials surged 78% in the same
period helping the country’s total gold
output to jump
21.16% with a Forward Thinking
perspective Rubino advocates for
physical precious metals as Cornerstone
assets complemented by Ventures into
sectors like mining stocks according to
Business Insider gold miners experienced
their best performance in a year in
March 2024 during that month the gold
mining sector outperformed all other us
Industries surpassing even the
performance of semiconductor stocks
still physical gold has has outperformed
shares of gold mining companies over the
past 3 years by one of the largest
margins in decades now we present the
clips of John Rubino’s insights from his
recent interview with natural resource
stocks before we continue to delve into
this discussion please subscribe to our
Channel and activate the Bell icon for
timely updates where we are now is the
result of an experiment that we started
in 1971 with Fiat currencies where we
but basically did away with the backing
of the world’s major currencies took
gold out of the equation um and gave the
the big governments a an effectively
unlimited credit card and you know human
nature being what it is they’ve abused
that privilege to the point where
everybody at every level in every major
country is wildly over indeed which
means we’re we’re pretty much guaranteed
chaos going forward and the the nature
of chaos is that it’s not predictable in
in its specifics but in kind of a broad
brush analysis it’s very predictable you
know wild crazy things are going to
happen when the various bubbles blowing
up and uh and Bob is exactly right we
need protection from the chaos and that
should be kind of the the overriding
investment pieces here is what can we do
to make ourselves resilient and um to an
extent impervious to financial crises
because that’s what we’ve got coming our
way in one way or another we should
think of gold not as an investment but
as a form of money so what you you know
the savings you um used to keep in
dollars ought to be in gold now because
gold is a form of money that’s going to
hold its value while the dollar is
inevitably inflated away and uh with
what’s happening in China now is is
interesting because they have Capital
controls their people aren’t allowed to
to for instance buy things overseas um
in at scale and there’s a lot of things
they can’t invest in domestically but
they’re allowed to invest in gold and
they are worried about what’s going to
happen to their economy so they’re
buying gold as a form of insurance
against the crisis that they see coming
in their currency and in their financial
system we should have that same attitude
here you know so you you know the gold
bug attitude over the last 30 years of
of buying has has served them pretty
well I think now because now they
they’ve got big stacks of gold and
silver um but yeah I don’t think we
should um you know have any kind of a
religious attitude about any one asset
and I think the different variations in
the precious metal space are subst you
know account for different um points of
view for instance you want precious
metals physical where you can reach them
uh as your replace currency that’s your
the base money in your financial life
and then from there you can Branch out
into other precious metals related
things like the mining stocks which are
they’re Investments they’re not money
but they’re potentially really lucrative
Investments so um you can stay kind of
within the um the hard asset space where
there’s land and there’s precious metal
and there’s some other commodity
Investments with your whole financial
life you know you could build a
portfolio that basically just covers the
um hard asset the real asset Waterfront
those are things that governments can’t
create more of on electronic printing
presses and you can be pretty in pretty
good shape financially if you do that
because you’ll be owning things that
will tend to do all right in the kind
kind of Crisis that’s probably coming
and that’s the intellectual challenge
how do you want to set your portfolio up
so that it’s mostly in real
assets and um you know which copper
companies do you choose to invest in
which gold miners things like that
there’s a lot to think about but it’s
you know it’s containable you you can a
regular person can learn enough to be
able to do that and I think that’s what
we should all mostly be doing now
despite historically low interest rates
over the past decade Rubino warns of an
impending crisis in commercial real
estate and potential refinancing
challenges at higher interest rates he
predicts that upcoming debt maturities
could trigger a banking crisis leading
to government bailouts and undermining
currency
confidence over half of the world’s
foreign currency reserves are held in US
dollars so a sudden decrease in the
currency’s value could Ripple through
the market for treasuries as the value
of these reserves drops as heavily
indebted lower inome countries struggle
to make interest payments on their
Sovereign debts the diminished value of
foreign currency reserves could threaten
to tip some emerging economies into debt
or political crises first furthermore
Rubino States the uncertainty of the
near-term economic Outlook with
conflicting inflationary and
deflationary pressures he emphasizes the
need for individuals to prepare for
potential crises ahead as significant
challenges Loom let’s get back to the
interview we had a naturally low
interest rates so a lot of commercial
real estate in particular um got planned
and designed and built using really
cheap financing well now a lot of those
debts are coming due now and there’s no
way um a big chunk of the country’s
Office Buildings are still financially
viable if they have to refinance at
today’s interest rates so you’re seeing
you know every two weeks or so there’s a
story about some $180 million office
building that’s sold for $12 million or
something like that well now that means
there are embedded losses in commercial
real estate and um somebody has to take
those losses and a lot of that bad paper
is on the balance sheets of local and
Regional Banks so in the year ahead well
actually it’s an ongoing thing it’s
happening now but in the year ahead it’s
going to get worse a lot of local and
Regional banks are going to have to
report those
losses and that’s going to Spook their
depositors into pulling money out uh
which forces them to sell some of those
those depreciated assets and take even
bigger losses and so on until the banks
start to fail then that spreads through
the sector the US government has to step
in and bail them out and then that
shifts the U potentially it shifts
pressure over to the currency because
you know who wants to own the currency
of a country that’s doing yet another
multi-trillion dollar bailout so that
that might be the story of the next year
where
um you know banking crisis leads to some
kind of a broader crisis in the
financial market so I have no idea
what’s going to happen in the next few
weeks or or few months but the big
picture is kind of baked in the cake you
know we way too much money uh and in
order to finance all this debt we have
to create enough currency that’s going
to de value the currency in some
fundamental way so that’s that’s the the
overarching thing now in the short run
now we we’ve got crosscurrents
especially in the US economy where on
the one hand the US government is
running massive deficits we’re at a like
a trillion five a year right now heading
for two trillion and that’s very
stimulative because they’re just making
money out of in air and dumping it into
the banking system on the other hand
you’ve got all this debt out there that
is being repriced and spiking
everybody’s
interest costs so personal interest
expense which is what you know we we
three and everybody else has to pay on
our debts is going straight up and the
government’s interest expense is going
straight up too um and those are are
fundamentally
deflationary because they um they make
it hard to pay off debts and lead to
defaults so we’ve got this kind of you
know this mountain of bad paper which is
very deflationary out there and we’ve
got a government that’s just running
massive deficits which is inflationary
and so that’s why we got this kind of
stasis economy right now where inflation
is above the fed’s targets and it’s not
going down um but the economy is you
know it’s it’s providing mostly enough
jobs for people but there are more and
more layoffs out there at the same time
and more and more defaults on credit
cards will probably win and you know I
have no idea which one it’ll be in the
next year or two but we either have kind
of deflationary Crash like in in 2008 or
we have Rising inflation and then we get
the 1970s on steroids and I honestly
don’t know which one it’s going to be
you know it seems like it could be
either depending on the decisions that
are made going forward that’s why we
should all be trying to protect
ourselves as best we can against some
kind of Crisis because something is
definitely coming despite the departure
from the gold standard years ago gold
prices have remained significantly
influenced by Central Bank actions while
Western central banks may not prioritize
gold prices in their currencies they do
exert control over factors that impact
gold prices such as Central Bank net
purchases or sales real interest rate
expectations and longer dated Energy
prices given the growing volatility in
the global economy how do you plan to
safeguard your Investments against
currency devaluation and financial
instability drop your thoughts in the
comment section below if you find this
video informative don’t forget to
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latest videos see you in the next video

Huge GOLD News Coming Out Of China! Your Gold & Silver are About to Become “Priceless” – John Rubino

After years of going nowhere, gold launched into the next stage of its bull market. While inexperienced investors might feel inclined to capitalize on recent profits, such a move could prove detrimental in the long run.
The precious metal has been breaking out recently amid higher-than-expected inflation in the United States and general anxiety over everything from geopolitics to the November presidential elections to where monetary policy and markets go.
Former Wall Street financial analyst John Rubino offers insights into the complex dynamics shaping gold markets. From his viewpoint as a technical analyst, Rubino mentions the fallout of abandoning the gold standard while emphasizing the resultant debt issues. The most recent Congressional Budget Office projections put US debt at 99 percent of gross domestic product by the end of this year and have it on track to reach 172 percent by 2054. This scenario could trigger monetization, inflation, financial repression, and market turmoil— a scenario in which gold shines.
From John Rubino’s viewpoint as a renowned analyst, he suggests a strategic pivot away from dollars towards gold for savings, citing its resilience against anticipated inflation. Concurrently, analyst further underscores China’s adoption of gold as an insurance policy amid economic turbulence, signaling a worth-noting strategy. Chinese buyers, spooked by a protracted property slump and a recent stock-market rout, are rushing toward gold as economic uncertainty looms, propelling a global bullion rally. Gold consumption in China rose 5.94% from a year earlier to 308.91 tons in the first quarter, the state-backed China Gold Association said Friday. Meanwhile, China’s imports of gold raw materials surged 78% in the same period, helping the country’s total gold output to jump 21.16%.
With a forward-thinking perspective, Rubino advocates for physical precious metals as cornerstone assets, complemented by ventures into sectors like mining stocks. According to Business Insider, gold miners experienced their best performance in a year in March 2024. During that month, the gold mining sector outperformed all other US industries, surpassing even the performance of semiconductor stocks. Still, physical gold has outperformed shares of gold-mining companies over the past three years by one of the largest margins in decades.
Despite historically low-interest rates over the past decade, Rubino warns of an impending crisis in commercial real estate and potential refinancing challenges at higher interest rates. He predicts that upcoming debt maturities could trigger a banking crisis, leading to government bailouts and undermining currency confidence. Over half of the world’s foreign currency reserves are held in US dollars, so a sudden decrease in the currency’s value could ripple through the market for treasuries as the value of these reserves drops. As heavily indebted lower-income countries struggle to make interest payments on their sovereign debts, the diminished value of foreign currency reserves could threaten to tip some emerging economies into debt or political crises.
Furthermore, Rubino states the uncertainty of the near-term economic outlook, with conflicting inflationary and deflationary pressures. He emphasizes the need for individuals to prepare for potential crises ahead as significant challenges loom.

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