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This compilation of financial insights includes videos from Stansberry Research, Lena Petrova, Liberty and Finance, and SD Bullion.
John Doody, founder and editor of Gold Stock Analyst joins Daniela Cambone on Stansberry Research to discuss why the BRICS currency plan to replace the US Dollar with a gold-backed currency is nearly impossible. Lena Petrova talks about Europe being caught red handed in buying Russian resources from third countries. Bill Holter joins Liberty and Finance to discuss why gold and silver are weapons against CBDC reset. SD Bullion shares news of silver and gold getting smashed today and bullion buyers are taking advantage.
Stansberry Research
Sep 29, 2023
“The U.S. dollar is supreme. It’s the unit of currency that’s used in trade… It’s diminishing, but these things take a long time to change. There’s no real substitute out there for it,” says John Doody, founder and editor of Gold Stock Analyst. He points out that the efforts from BRICS to replace the U.S. dollar as the world’s reserve currency with a new gold-backed currency are futile due to the rest of the world’s reliance on the dollar for international trade. When it comes to inflation, he says “there’s no way that Powell can do a Volcker and jack up rates to 20% to stop the inflation. The politicians won’t take it anymore.” The gold expert also shares an optimistic outlook about the precious metal, as Gold Stock Analyst celebrates its 30th year anniversary this year. “Gold has been the best-performing liquid asset I know of since 1971 when the price was set free. There’s a 8% per year compounded growth rate. I don’t know any liquid asset that’s been that good,” says John. He also talks about a gold mining company that is a “multimillion ounce a year producer.” Watch the video to find out the full details.
Lena Petrova, CPA – Finance, Economics & Tax
Sep 29, 2023
Caught Red Handed: E.U. Buys TONS Of Russian Resources From THIRD Countries, Decoupling Failed
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Liberty and Finance
Premiered Sep 29, 2023
Things have started to break, says Bill Holter (https://billholter.com). If an economic breakdown continues, the government will issue a digital dollar as a solution, he says. People should prepare now in order to avoid having to sacrifice liberty and privacy with a CBDC. Precious metals allow people to hold wealth outside of the system. To wipe out all retail and institutional gold and silver inventory, it would only take one large institution to panic and buy metals, says Holter. For this reason, he says it is important to prepare while there’s still supply of precious metals.
SD Bullion
Premiered Sep 29, 2023
We will see if support around $22.50 oz silver and $1850 oz gold can hold, otherwise, perhaps we can fall a bit further.
But I simply suggest for those of you out there who are dollar cost averaging into bullion to take the long view (see the long-term gold and silver spot price chart at the end of this week’s update for perspective).
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