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-- -- bringing gill moralis.
He's with the collection a selfish investing dot com.
I deal we had John video ads that are about ten minutes ago you're in September of last year.
You said that you -- that gold could go to 2500.
Dollars an ounce next year that's this calendar year 20121.
I think it's still possible so -- do you think they'll right now which is seeing its asset classes of all stripes right now under pressure and I loved your term -- trashing and I think that's really what's going on I don't know what circumstances would gold go to 2500.
Dollars an ounce in the next -- seven months.
I think when you see if you see the Euro fail and I think you're going to see the Euro disappear at least -- scaled back and you see fewer countries in the European zone participating in the -- us I think is that.
Continues to dive and as you see QE3 come into play at some point -- do you think the Fed will come in with QE3 at at some point they have no choice.
Really and and at that point I think you'll see gold find its feet right now you have the dollar rallying and of course up its pressure on gold but what I see right now as this mass liquidation.
Between stocks commodities and other asset classes as everybody rushes to shore up their balance -- okay now so you're saying look if the European Central Bank prints a ton of money and I agree with you I think -- very well might do that.
And bad -- choice Ben Bernanke I'm I think gone through that and Ben Bernanke comes along and he -- -- printing all over again.
You're saying the end results is the ultimate decline of the adult law and a rise in inflation -- the essentially if you're a long long gold.
If you believe in gold -- -- 4500.
Bucks an -- you -- citing that we're gonna get inflation because they're printing money that's the theory that's why along gulf.
Yes alive long physical gold and -- side that was purchased back in 2000 when it was trading around 300 dollars in terms of a trade on gold.
We don't see any break out currently because you just in this big sideways consolidation in both the precious metals.
But you are pulling back and I do you think you'll see gold test -- 15100 level.
Possibly a little lower but I would be looking to buy into that and I would also emphasize to invest is that what you're doing here you're trying to buy gold -- using it as a hedge.
Against a continued devaluation of currencies worldwide Fiat currencies which is what everything is these days.
A that the chickens will eventually come home through -- just a matter of time I think one quick question on Silva because a lot of obvious do follow Silverado we know that.
That -- -- twenty bucks announces -- a buying opportunity right.
I'm I'm looking at more like 2526.
Has been a buying opportunity and so over.
What I would watch -- was we notice that when stocks sell -- hard to precious metals and commodities go along with them so the whole market is correlated very closely.
With all of its QE so I think you use that that drops.
In precious metals to accumulate when they come down as more or less of Armageddon hedge against the continued devaluation of their currency so I don't see any solution otherwise I I just yeah I just wanna get into points -- -- -- -- -- -- city where you stand US saying -- of gold could indeed go back above.
It would go above 2000 dollars an -- this year.
And the Euro you say may well -- -- Thea view.
Comfortable with those two statements I think it may well disappear at least be scaled back -- -- you see fewer countries participating in the -- I think Greece is gonna be out of the Euro eventually I don't think there's any choice there.
And I think the election's over the weekend proved that the Europeans are still addicted to the heroin.
The cradle to grave welfare state and they don't wanna give it up so the markets are going to force them to give it up.
And that's where we're waiting for and I think when that happens that's when gold and silver rocketing and -- -- we thank you for coming back to as we appreciate it thank you bank with charity.
And take care -- you're an investor would you put new money in gold.
No you don't -- do that I don't why don't I I I think at this point we're seeing such panic I wanna be in the most secure.
And also income producing assets are can buy to ensure that if Armageddon comes.
Me and my family it a privilege college student yes ROK my family and fabulous I guess it is just -- and.
I'd be taking bars of gold and airing -- in my backyard right now I would be snapping it up left and right I think it's the best hedge against inflation think -- very dangerous inflationary environment and that you live in an apartment in -- you know I don't -- -- -- actually yes I do.
Small backyard to backyard -- in his backyard that it.
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