Why Are Banks Buying Up All of the Gold?

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Title	:	Why Are Banks Buying Up All of the Gold?
Lasting	:	8.45
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Views	:	237 rb

Gold, ammo, and cokaine, a store of wealth and safety
Comment from : AwtaMadik

Ive been trying to tell everyone i can to convert to gold especially with the switch to cbdc Its like no one cares that theyre about to get bent over and have absolutely no control over their own securityi swear the vax has taken ppls fight away If you dont want the gov to decide your savings is now useless or worth half what it was or you dont want the giv to be able to lock you out of your accounts because you spoke out against their propaganda, youd better switch now before its too late The destruction of the usd is by design and moving to a globalized cbdc will geive them 100control over you and your life Its the last great wealth transfer of the lastfew decades and you do not want to get stuck depending on them and "begging them for bread" Get ahead of it now and transfer everything you can to a currency that cant be duplicated or manipulated by inflation etc If brics wasnt a wake uo to the american ppl nothing will be
Comment from : Brian Freland

Bitcoin is Gold 20!
Comment from : Chaka2

Hey guys, I'm looking to invest but I don't know anything about the market Any help? As well who can I reach out to?
Comment from : Keanu

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds However, investing in gold carries risks and may not be suitable for everyone Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding
Comment from : Fred

Historically silver was money Soldiers were paid in silver Gold was used as a currency for kings to trade with Silver was the day to day money used for purchases and payments
Comment from : Dustin

woopy do u got a jet who gives a godam i dont
Comment from : darlene howard

We need to tokenize gold on the Blockchain $DXH
Comment from : Elix Exo

Gold and silver are inflation proof It’s proven
Comment from : Vayo Coin Capo

bI began my investment journey at the age of 27, primarily through hard work and dedication I am to share that my passive income exceeded $100k in a single month for the first time This success reinforces the importance of the advice mentioned earlier It is not about achieving quick wealth, but rather ensuring long-term financial prosperity/b
Comment from : Jonas Josephine

I don't think that this guy understands the definition of "intrinsic value"
Comment from : Cherd

Okay, I own gold but when he said gold is the most useful metal on the periodic table*cough* silver You don't need to lie like that
Comment from : Luke

The only reason Peter pushing gold is because it’s his core business Gold is dead Bitcoin is the way
Comment from : MrDamon888

Terrible argument that gold is actually useful outside of being money "You can make a watch with it, etc" yeah and you can make a watch with a ton of other things that are much cheaper and work even better! 😂
Comment from : Travis

Tell the Canadian Government to buy gold
Comment from : L S

Gaddafi was murdered by the US and UK when he proposed the gold standard The same happened to Saddam Hussein
Comment from : Paul Ly

Gold has a ton of value in industrial, medical, and military applications It is not just intrinsic
Comment from : dylan moyer

Vladimir Putin, during a speech to the Russian people back in Feb/Mar 2023; urged them, hell damn near begged the common Russian citizen to start buying small quantities of gold bars and rounds I found this to be a very interesting plea from a leader I myself began making monthly purchases of small (5gm - 20gm) silver and gold bars and rounds back in Jan 2021
Comment from : A Mel S

another thing that needs to be explained is how countries used to use it effectively as honest moneywe do not need fiat currency,and it would not take us back into the stone ageit woulld create a balanced and sound system that ultimately generates propserity and progress ( which is rare today unfortunatly) sound money creates a prosperous country
Comment from : Greg Wood

…having a little bit won’t hurt…just be preventive and always have an emergency plan just in case Today with cryptos, food shortage, AI and Inflation be prepared and stack whatever you TRY TO HAVE a little bit of everything JUST IN CASE
Comment from : maletdan 16

I like Peter but he predicted from April gold would go up 20 at least So far it is dropping
Comment from : AVRO

And basically every fact mentioned for gold also applys to silver
Comment from : dirtfarmer65

Everyone should have a supply of physical silver in their possession
Comment from : Brockmire

I just bought more gold and silver few minutes ago Tying up money due to an apocalyptic stock market crash is also not a smart move Life is a risk and it's better to take risks than to do nothing, you can't always expect to make huge profits all the time, people have so many opinions about a recession/depression In just 5 months my portfolio grew by $300,000 in gross profit, the main thing is to expand your portfolio and you will see amazing results by investing smartly
Comment from : Lucy Hyde

But isn’t it true that if you owned gold in almost every country in the last 100 years it would have been seized by that country’s government? Or is that bs lol
Comment from : snaveknight vans

Gold is money It is a store of value, fungible, divisible, a unit of account, a medium of exchange and has proved itself since before Roman times It does not deteriorate All fiat, printable currencies go to zero over time That will also,apply to cryptocurrencies Currencies are not money
Comment from : Roger Brady

People are affected by inflation far more quickly than they are by a stock or property market crisis because it directly impacts their standard of living The current level of negative market sentiment is not surprising To survive in this economy, we urgently need your assistance The ETF/Equity market continues to fluctuate My portfolio of $370K is laid bare in ruins 🤦
Comment from : Zoey Tank

The value of gold, in my view is this, brGold does not lose its luster or shine br2 Gold dose not deteriate in chemical or biolical or timebr3 Gold allso increces in value over timebr4 If i were traveling, i can sell my gold anywere for a very good pricebrdepending on the market valuebrGerard
Comment from : Sv Little Gem

EXCELLENT
Comment from : Mike Markowski

People are about to find out why their grandparents buried gold/silver coins in coffee cans BRICS dollar will be partially backed by gold The de-dollarization is picking up steam and this all bodes very well for gold
Comment from : SPQR-Z

SCREW GOLDbrbrThere's is a video on Youtube where a silver mine owner recently stated that 22 of current silver production is used in manufacture of solar panels By 2027, he expects this to increase to 90brbrTo COMEX: good luck controlling the price of silver by 2027 and beyondbrbrPS Back in 2008, the metal to buy was palladium, not gold, silver or platinum (check out the historic charts) However, now that the world is transitioning to EV's, the demand for catalytic converters will decline accordingly Guess what palladium is used for?brbrIMO, the new palladium will be silver
Comment from : L R G

Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss
Comment from : Lisa Ollie

Silver is a better ROI than gold
Comment from : Bryan Harris

* Gold is just a pretty rockbr* You can't eat goldbr*brHold on while I go Google more talking points against gold 😜
Comment from : Blain N

You can't eat gold in hard times
Comment from : Frauds R Not Friends

you should stay in your lane Jordan
Comment from : Jay Kraft

Stacking gold is a great way to build wealth
Comment from : WIREFREEZ

Investing with a professional trader assigned by a trading firm can be an effective way to generate returns in the crypto market and that's with Mrs flora strategies
Comment from : Aminu Aliyu

Nothing but hype Gold has been stagnated at 1950 +- for a few years Gold as a currency is not going to happen Gold as a reserve way to hold money is more realistic But when you sell your gold, expect to sell at close to what you bought it at, if bought at today's prices Gold sites that produce their own newsletters and articles are simply restating what they said last month, last year and a few years ago The never ending illusion of a spike is just around the corner so buy today at today's prices hahahahaha
Comment from : Joe Kano

Gold is old! Buy LVMH!
Comment from : andrew macdowell

Are you sure banks are buying gold? I would expect it to go up but hasn't
Comment from : Ke Aka

He says around 2:50 that the government has no control over it Has he forgotten that they simply made a law to confiscate it before?!
Comment from : Ray Bans

Silver is more useful than gold and can be melted and reused so not sure why Peter only focuses on gold
Comment from : Wesley T

Central banks may be buying gold but not nearly enough to back currencies that have inflated 5x and 10x in the last 20 years
Comment from : Pea K

CBDC is not worth the risk (You got rid of the Apmex comment pretty quickly--afraid of the truth)
Comment from : James Hafford

BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain Creating a new currency requires careful consideration of economic, political, and logistical factors
Comment from : jessica moore

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
Comment from : Leon Donald

Inflation can happen with gold currency because governments can dilute it in their minted official currency But at least the metal can be melted down and recovered, especially gold Roman silver Denarii from the late Empire have far less silver than those from the early Empire But the real value of the metal will still be there It is interesting that ancient Rome had so many of the problems we are facing today As in the book of Isaiah, "your silver has become dross"
Comment from : Brad Bowers

was silver aldp money
Comment from : Al May

Where is the NEW gold coming from? I read nothing about new mining at record levels
Comment from : Bill Carrell

⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻

When you hold the US dollar you are essentially taking a bet that the government(federal reserve) will not print to much money and cause to much inflation making all of the prices in the economy rise
Comment from : ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻

Buy physical gold; not paper gold
Comment from : Mikhail Sharon

So interesting that these videos about gold get a huge number of scammer posts
Comment from : nosac1230

The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world I'm at a crossroads deciding if to liquidate my dipping 200k portfolio, what’s the best way to take advantage of this bear market?
Comment from : Toni MHamilton

A source of questionable value? So why arer the Indians, Chinese, Russians, buying it up? Seems to me for the average man it is the last refuge for savings {excuse spenlligs] it is algorithimss
Comment from : Mr Gladstone

Gold will drop
Comment from : Juan Ortiz

2:00 - 3:02 Sounds reasonable for Bitcoin to me aswell America doesnt like a currency they have no control over Probably the main reason why they want to destroy it so badly
Comment from : Zack

The first person who can mine an asteroid for gold will become a trillionair
Comment from : Christopher Fisher

A gold comeback? I think platinum is used a catalytic converters?
Comment from : Michael Mallal

SO SICK OF THE BOTS!!!
Comment from : Just passing through

Lets not forget silver
Comment from : Marius M

Not Canada, we have Trudeau who takes orders from WEF, collapse the economy to usher in authoritarianism and CBDC,
Comment from : ediddysmith2500

Silver was the real money in history because it was more accessible, less rare than gold and less expensive to process as a currency
Comment from : Daniel OConnor

If Jordan Peterson has a blind spot it is with regard to money and currency I’m thrilled to see JBP investigating this topic It is my firm belief the root of all our current social woes are founded on economic reality and our deviation from honest money
Comment from : Winston Light

This guy is a moron anyone who knows anything knows that there is not enough gold to cover all the circulated currency in america Thats why we switched from gold to paper in the first place
Comment from : bob bobbinson

Gold was confiscated in the past
Comment from : Rowley Birkin

Gold IS moneybrIts value is manipulatedbrIt is NOT subject to market forcesbrAl paper revolves around gold except in crime world where gold revolves around paper
Comment from : yup,ok

When our currency was backed by gold, they were Treasury notes Now their federal notes
Comment from : Grant Hill

Those who point out that Gold and Silver are bad "Investments" have some good arguments ,But Productivity never happens by chance; it is always the result of careful preparation, dedication, and consistency I thank God for my advisor, Mr Yuval Eric Brokman; with his assistance, I am now financially solid, earning between $10,000 and $25,000 every week
Comment from : Robert Vardy

I would really like Jordan Peterson to have an interview with Chris Duane, founder of silver shield and the sons of liberty academy
Comment from : AnixCo1990

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Comment from : Clarence Vaz

No such thing as honest money if banks or government is involved
Comment from : mr chuckington

The ba_nk failures is really scary, and goes to show that no corporation, however big, is immune to collapse I have always had a deep-seated mistrust for corporations I have plans to pull out most of my money, but don't know what to do with 350k sitting idly I'd like to go into the sto-ck market, maybe Any ideas?
Comment from : simon fes

Gold is money Period
Comment from : Frank DiSilvio

Peter needs to get his facts straight The dollar was defined as a weight of silver not gold Also silver is the most useful metal not gold He reminds me of a used car salesman
Comment from : Common sense

Petr Schiff just gave the perfect reason to own bitcoin people decided that gold was valuable I am convinced bitcoin will win in this day and age
Comment from : mercedes cue

Lots of scammers in the comments Don’t listen to them
Comment from : Steve Muzak

Where central bank?
Comment from : Kim Vang thi Vo

This is basic high school
Comment from : For Freedom

Gold is God's metal That is why wealth has always been measured by gold
Comment from : Born Again Barbarian

will the us gov make holding gold illeagel again?
Comment from : Glenda Hill

There are good reasons to buy gold, avoiding capital gains, recieving benefits you wouldn't otherwise have with large cash reserves But it is a terrible investment
Comment from : Wakey

The US dollar was originally defined as 37125 grains (24057 g) (07735 troy ounces) fine silver or, from 1837, 2322 grains (1505 g) fine gold, or $2067 per troy ounce The Gold Standard Act of 1900 linked the dollar solely to gold
Comment from : Edmund Dantes

And someone is selling to them because the gold price Dont go up from very long time
Comment from : Juan Ortiz

Please! What type of gold do central banks buy? Eagles, maple leafs? Plain unmarked bricks? Who is supplying them?
Comment from : Callemup1

Lol Jordan Peterson is a gold bug now?
Comment from : Jon T

I like Mr Schiff but he is outmatched by the great Peterson Peterson poses the exact question that Mr Schiff should more clearly answer but can't
Comment from : GoLeafs Go

If you believe in someone, you are convinced that they are true, if you believe in Jesus Christ, you will be Saved by Grace Alone, John 3:16, Ephesians 2:8-9, NKJV
Comment from : Eagle775

Are the banks not buying gold to stop us buying gold?
Comment from : Madame Lachaille

So today pieces of paper are sold to people saying they are backed by gold when really they are not, and this keeps the price down for banks to buy gold, is that it?
Comment from : Ray Brensike