Gold at $4,000 an Ounce? Geopolitics Pushes Gold to New Record Highs | Facts Matter
Facts Matter
The Epoch Times
4.9 • 1.3K Ratings
🗓️ 15 May 2024
⏱️ 22 minutes
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Summary
With multiple wars raging across the world, federal money printing is leading to inflation that’s eating away at the purchasing power of the U.S. dollar. As central banks around the world are in the process of implementing digital currencies, the price of gold has skyrocketed, reaching all-time record highs. And so, in order to get an insider’s look at the industry, what the demand and supply really look like, as well as some possible scenarios for what the price of gold might be in future—I sat down with Mr. Max Baecker, the president of American Hartford Gold, which is my own personal gold and silver dealer, as well as a long-term supporter of the show.
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Transcript
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| 0:00.0 | Right now with geopolitical conflicts and actual wars raging across the whole world, |
| 0:18.0 | as federal money printing is leading to inflation that's completely eating away the purchasing power of our money. |
| 0:24.6 | As central banks around the world are in the process of implementing digital currencies, well, |
| 0:29.0 | the end result is that the price of gold has skyrocketed and it's reached all-time record highs. |
| 0:34.5 | And so in order to get an insiders look at the industry, what the demand and supply are looking |
| 0:38.2 | like behind the scenes, as well as some possible scenarios for what the price of gold might be in the near future, I sat down and spoke |
| 0:44.7 | with Mr. Max Baker. He's the president of American Hartford Gold, which is my own personal |
| 0:48.7 | gold and silver dealer, as well as a long-term supporter of the show. All right Max, thank you so much for joining us. To start with, you know, for the past week I've been very satisfied |
| 1:07.0 | owning gold. The price has been surging. I just checked this morning. It's north of 2,400 right now. |
| 1:12.4 | So maybe to start with, what's leading It's north of 2,400 right now. |
| 1:13.0 | So maybe to start with, what's leading to the spike in the price of gold? |
| 1:17.0 | Well, it's got a lot of drivers right now, |
| 1:20.0 | mainly Central Bank buying. |
| 1:22.0 | They're buying at the fast the fastest clip in 55 years |
| 1:26.6 | Obviously war with what's going on with Israel and Iran at the moment. |
| 1:33.0 | That's a very volatile situation |
| 1:35.2 | and gold being a safe haven. |
| 1:36.7 | It's benefiting from that. |
| 1:40.2 | And then money printing. |
| 1:41.7 | We're printing an awful lot of money right now. |
| 1:44.2 | And gold is a hedge against that. |
| 1:46.7 | It's a hedge against a devaluing dollar. |
... |
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