The value of gold is surging! As its spot price hits record highs, many are saying we haven’t seen anything yet! Which raises the question: who’s buying it? What’s contributing to its surge? That’s exactly what we’re going to find out, and the answer is going to shock you!
Highlights:
- “Western nations are no longer the chief buyer of gold, and therefore are no longer in the driver's seat in determining gold’s price!”
- “You don’t buy gold to make money per se, it’s more than that. You buy gold because you don’t trust the dollar. It’s because you believe the dollar is inflating itself out of existence, as it were.”
- “The concern that the US may indeed at some point weaponize the dollar against other nations is causing more and more central banks to seek assets outside of the US’s sanctioning mechanisms.”
Timestamps: [00:59] Western nations are no longer the chief buyer of gold
[03:01] Why the price of gold is expected to continue to climb
[05:51] The real reason why many international central banks are pulling out of the dollar
Resources:
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Are we seeing the revitalization of conservative civilization? All over the world has been a massive backlash against globalization, its leftist leadership, and its anti-cultural liberal values. And it's just the beginning. I'm Dr. Steve Turling. I believe the liberal globalist world is at its brink, and a new conservative age is rising. Join me every day as we examine these worldwide trends, discover answers to today's toughest challenges. And together, learn to live in the present in life of even better things to come. This is Turly Talks. The value of gold is surging. As its spot price hits record highs, many are saying, "We ain't seeing nothing yet." Which raises the question, who's buying it? What's contributing to this surge? Well, that's exactly what we're going to find out, and the answer is going to shock you. If you've been following gold prices over the last several months, then you know, things are certainly looking up literally. Over the last six months, the price of gold has shut up 23%, lifting the commodity to its highest price ever. But what's behind this massive surge in value? Well, it's actually rather astonishing. Now, if you're a regular to this channel, if not, make sure to smack that bell and subscribe button. But then you'll know that one of our major themes here is that a new world is rising. That's what we focus on analyzing each and every day here. We're living in the midst of a massive global paradigm shift, where political and economic powers increasingly shifting away from the West, particularly here in the United States, and moving more and more Eastward towards what's often referred to as Eurasia. And it's precisely that massive shift from West to East that's contributing to this massive surge in the price of gold. When all of a sudden had done, Western nations are no longer the chief buyer of gold and therefore are no longer in the driver's seat in determining gold's price. That privilege now belongs to China. And by a lot, China today accounts for upwards of two-thirds of global gold purchases, making it the undisputed current king of gold. And it ain't just China, it's now widely recognized that non-Western central banks are buying up gold big time. And that buying spree appears to be just getting started. Forbes recently featured an article that found that more and more central banks around the world are starting to sell off and even avoid U.S. Treasury securities. Now, a decade ago, foreign central banks and investors, they owned 43% of our national debt. Today, that number has just dropped to 30%. And central banks are serious about this. Again, a decade ago, central banks acquired just 4% of the world's gold supply. Today, that number has shot up to 35%. And this is why the price of gold is expected to continue to climb. Because when all of a sudden had done, more and more nations are dropping the U.S. dollar and instead turning to gold as a hedge to that declining dollar. Again, that's why I partnered with the amazing company Goldco because they're patriots just like you and me. And they want to help guide you into getting into precious metals completely tax-free and penalty-free. They're really amazing and I simply couldn't recommend a company more. In fact, if you click on that link below right now, you can actually get your very own absolutely free gold and silver kit. It's a completely free resource that shows you step by step how to get into precious metals. Even if your money's still in a retirement account like an IRA or 401K. And just to show you how awesome the patriots over at Goldco are, the best part here is that you may actually already qualify to get up to $10,000 in free silver. I mean, I told you they're the best. So what are you waiting for? Get in on the action by clicking on the link below or going to TurleyTalksLikesGold.com and get your free gold and silver kit today. Promises to be a real life changer. But that's really the key in all of this. You don't buy gold to make money per se. It's more than that. You buy gold because you don't trust the dollar. It's because you believe the dollar's inflating itself out of existence, as it were. By contrast, as each dollar decreases in value, each ounce of gold, at least ideally, increases in value. That's why people buy gold, they buy gold so they own real money that doesn't decrease in value because of inflation. For example, a lot of people don't even realize 100 ounces of gold. So basically a hundred gold dollars can buy you a very nice house today, a couple hundred thousand dollar house. But that's key here in that it could have done the same thing a hundred years ago. In other words, a hundred gold dollars had comparable spending power a century ago as it does today. And that's because gold is a commodity. That means its value goes up along with all other commodities, like silver and oil and the like. However, again, by contrast, whereas a hundred years ago you could buy a relatively decent house for about $6,000. Try doing that today. You need about $80,000 to buy today what $6,000 could have bought you a hundred years ago. And that's because dollars are a currency, not a commodity. And as a currency, the value of the dollar can be artificially undermined by virtue of the Federal Reserve printing as many of those dollars as it wants. In other words, in other words, you can't invent commodities, but you can invent currencies. But I think the real reason why so many international central banks are pulling out of the dollar is because they continue to be rather shocked at the way the dollar was so blatantly weaponized against Russia. It's not that these countries support what Russia is doing in Ukraine, but they certainly don't support the notion of sanctioning central banks and season foreign reserves like the US did with Russia. Because, I mean, if the US can do that to the Russian Federation, then who can't they do that to? And that fear, the concern that the US may indeed at some point weaponize the dollar against other nations is causing more and more central banks to seek assets that are outside of the US's sanctioning mechanisms. And lo and behold, that means gold, real money, real estate that these nations could actually physically own, and they cannot be taken away from them. That's what's really dry. In my opinion, I think that's what's ultimately driving this price surge in gold. More and more nations are looking for asset investments that bypass the finance structures that surround the US dollar. And that's why a number of investors believe that the surge in the price of gold, in many ways, is just getting started. Again, make sure to click on that link below, visit our friends over at Goldcode, download your own free gold and silver kit, and learn how to protect your finances, and most importantly, your freedom. Thanks so much for listening to this episode of the Turley Talks Podcast. Don't forget to subscribe, leave us a five star review, and share this episode with your friends. Help us defeat the fake news media and rank us the number one news and commentary podcast all over the world. Come back again tomorrow for another episode celebrating the rise of a new conservative age. [Music] You
