Why is the gold price rising so fast?
Should you sell into the rally? Buy more? Will the government confiscate your gold?
It’s good to be back in the podcast saddle after a six-month hiatus.
My book, A Black Hole In Economics: Money Creation and its Consequences, is at the editor and will be available on Amazon in a few weeks.
This 45-minute podcast, which you can enjoy at 1.25x, discusses why the gold price is rising, why it will continue to rise, and why you should not worry that the government will confiscate your precious metals.
A rough transcript with links and references is attached as a PDF. There is some bonus material at the end of the PDF.
Thanks for watching, listening, or reading!
Remember to go for the gold and smash the “like” button below.
HardmoneyJim
September 21, 2024
Hi, Jim. Great podcast as usual. It left me with the following questions:
1. If countries are printing money to buy gold, isn’t the current price of gold as phony as the value of paper money (in proportion to the money printing to buy gold as a percentage of total gold buying)?
2. If treasuries are terrible for US trading partners, why aren’t they terrible for the individual investors in the USA? Or framed differently... if I knew I was going into hibernation for 10-20 years, would it be insane to leave $$ in short term treasuries as opposed to real estate or gold? For the active investor, treasuries can be a place to short term park money. For the relatively inactive investor, are treasuries lunacy?
3. The characterization of the dollar as strong... the currencies that impact me directly are the euro, pound, peso. The dollar feels weak to me, with perhaps the exception of the recent peso comeback, which is largely due to severe political concerns in Mexico as opposed to anything USA is doing right. No real question on this point. Just a comment.
Thank you!