Paul Withers | Why Banks Don't Want You Buying Gold with Gold Expert Paul Withers
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 7 February 2025
⏱️ 70 minutes
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| 0:00.0 | So Paul, what are your gold predictions for 2025? |
| 0:04.5 | I mean, you're really bullish on gold. |
| 0:05.9 | I'm very bullish on gold. |
| 0:07.1 | Yeah, I truly believe that everything that's happening geopolitically, everything is |
| 0:12.0 | how bad the economy is. |
| 0:13.4 | Everything that happened with the economy. |
| 0:14.8 | How weak the pound is. |
| 0:16.1 | It is all geared for another strong year. |
| 0:18.9 | 30%, I think it's 32.5% last year. |
| 0:22.5 | 32.5% gold went up in 2024. Yeah. Wow. I mean, that's Bitcoin level growth. |
| 0:28.9 | Yeah. Well, no, Bitcoin's even better than that, right? But this is you've got to understand |
| 0:33.0 | this is a low risk asset. Yeah. Yeah, a physical asset to get 30% in anything is fabulous. |
| 0:38.1 | Yeah. |
| 0:38.5 | And I can't see it stopping. |
| 0:40.1 | I think a minimum 15% for 2025. |
| 0:43.8 | Wow. |
| 0:44.3 | And why does gold go up when the economy struggles? |
| 0:49.0 | There's a number of reasons, but the main thing that we're going through at the minute, inflation. |
| 0:53.7 | Now, when you inflate the money supply, like what they have been doing're going through at the minute, inflation. Now, when you |
| 0:54.2 | inflate the money supply, like what they have been doing for a number of years. |
| 0:58.0 | 31% cumulative inflation since 2020. So that means that people with money in their account, |
| 1:04.8 | their savings account that they believe is completely safe, they do not see that stealth tax. |
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