저자: PeterSchiff · 외국인
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금 실물 수요 급증과 선물시장 쇼트 포지션의 취약성을 근거로 금 가격 반등을 강하게 예고하는 영상. 핵심 주장: 대형 자금(투기세력)이 금리 상승을 보고 금을 팔고 있지만, 실질금리는 여전히 마이너스라 금에 우호적 환경이라는 논리. 근거: 영국 파운드 기준 금 사상 최고가 경신, 실물 금·은 프리미엄 급등, 금 실물 부족 상황. 선물 매도자가 실물 인도 요구에 직면하면 코벤 당시 원유 마이너스 가격처럼 금 급등 가능성. 금 전망: 가까운 시일(이번 주일 수도) 내 반전 가능성 언급. 실물 금·은 선매수 권유. 금융 시스템 리스크: 부채 청산과 저축 소멸 가능성 경고, 은퇴 계획 붕괴 가능성 언급. 정치적으로는 사회주의·전체주의 쪽으로 갈 위험 언급. 금광주: Adrian Day 운용 펀드(Euro Pacific Gold Fund) 및 개별 위탁계좌가 금광 지수(GDX)를 상회할 것이라고 주장. 금광주는 기업 리스크가 있어 실물 금과 다르다고 설명. 기타: GLD 등 금 ETF를 실물과 유사한 유동성 자산으로 소개. 2022년 10월 시점 발언이며 구체적 목표가는 제시되지 않음.
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because the big money is going to figure out they're on the wrong side of the you just got to get the hell out of those countries as fast as you can even if that is the United States I don't know I hope that's not going to be that's just how dumb uh most Americans are people there's not a lot of smart people who are managing gold portfolios or silver mining stocks they they're all they're intact they're in biotech they're in they're in something sexier right it's not like to the smartest people are are becoming engineer I mean uh geologists and you know the gold made an all-time record high last week in British Pounds no one talks about that when the pound was crashing gold was the lifeline in the UK it made an all-time record in my gold business and I just experienced this through the bank because the bank had a lot of gold and we're trying to move that gold out and some of it needed to be liquidated the bank's hedge book and I was talking to the company that was storing all the bars and he was commenting on this huge surge in premiums for physical bars of gold and silver he's never seen him this high in his life there's tremendous demand even as the price was dropping the man was surging around the world because obviously look there's inflation people are looking for a real hedge and so they're trying to buy gold and silver but again the big money the speculators all they're doing is looking at the interest rates and the fed and they've got these computer algorithms that are like oh bonds down interest rates up sell gold right they just think that higher interest rates are bad for gold they don't get it these are just higher nominal interest rates they're not higher real interest rates in fact we still have negative interest rates we haven't even come close to positive interest rates we have been in a bullish environment for gold the entire time it's just that these computer algorithms don't get that but the big money has been trading in the Futures market and so that has kind of been the um the the dog wagging the tail of the physical Market but at some point and maybe soon maybe this week who knows that's gonna flip because the big money is going to figure out they're on the wrong side of this trade especially the ones that are short and given what I know about the shortage in the physical Market it's possible that people that actually want physical gold may be buying some of these contracts looking to take physical delivery which is going to be a shock to the shorts when they're forced to deliver gold that they don't have remember all the people that are selling gold and silver Futures contracts unless they're a hedger unless they're a you know mining company right they're hedging if they're a Speculator and they're just short in gold and silver they don't actually have any you know like when you short a stock you're supposed to have the stock right you have to own the stock you borrow it if you don't have it you get the shares and then you sell them but you know you sell Futures on gold and silver you don't have to have any gold and silver at all well normally it doesn't matter that you don't have it because the guy that bought it he don't want it either right everybody settles up in cash but what happens at the long decides to tell the Futures exchange yeah you know I actually want my my gold you know here's my address send it to me send me my bars now the exchange has to send a notice to the guy who's short saying hey you know you never that silver you sold or that gold you sold yeah you got to deliver it here's the address you got to send it to and he's like I don't have it how am I going to get it you know and so now he's got to buy out his way out of that contract unless he's gonna go find that that physical metal I mean it's the opposite of what happened with oil remember when oil prices went negative went to negative 30 a barrel during coven why was that well because the people who bought the contracts were being forced to take delivery this the people who sold oil right didn't they didn't want the oil so they said I'm going to deliver it I got no place for it and so that the people who owned the contracts were being told yeah we're going to deliver all this oil to you where do you want it yeah I I don't want it so now they had to pay people to take it off their hands so people were paying 30 a barrel so they didn't have to take delivery of the oil right and so you saw that crazy Market well you're going to see something as crazy as that on the upside of gold when people are scrambling to deliver on the gold contracts when they can't find the physical metal so that's all coming so that's why like I tell people just you know buy your gold buy your silver while you can get it because at some point you won't be able to get it because the people are going to figure out what's happening just like you know the subprime market imploded all at once it was obvious for years to me but even within weeks of the implosion people were still buying that crap and paying above par that then all of a sudden Emperor has no clothes and in a matter of a week everything went to zero so when this thing turns it's gonna unravel that's why again I keep saying you can't wait you can't try to be so cute and finesse this you got to be willing to be early all right I was way early I was more than a decade early okay but you know what am I gonna do I see this stuff way in advance because to me it's that crystal clear but I also could see that we're so much closer right now it is not worth betting that they're going to be able to pull another rabbit out the problem is savings are really the lifeblood of economic growth because savings under consumption is where a capital investment comes from you know get my book how an economy grows and why it crashes we you know it's a very simple way of explaining this important concept but if you wipe out everybody's dead you wipe out everybody's savings and that is a disaster to wipe out the savings because now you know you you know you turn back the clock because now you got to reaccumulate uh you have no more money to loan out to finance things and you know people were expecting to live off those savings you know yeah it's great when people no longer have debt but one person's liability is somebody's asset there are a lot of people that are planning on retiring they're not they're gonna have to come up with a new plan they ain't gonna retire they're gonna have to keep working because they've been wiped out so look this you know this is going to be a terrible thing that's going to happen um but there is a silver lining in that if it's Catalyst for countries to re-embrace free market capitalism and maybe for some countries it will be but for other countries it may be a catalyst to go all in on government and become totalitarian uh States uh and you just got to get the hell out of those countries as fast as you can even if that is the United States I don't know I hope that's not going to be the United States but you know it may be I mean because I'm not necessarily going to get what I hope for we're going to get what the political reality is and unfortunately uh the the the electorate has been dumbed down over uh over the decades and so they may just go for socialism that's just how dumb uh most Americans are when it comes to understanding of Economics so GDX is an index of gold mining stocks GLD is an ETF of gold bullion so when you're buying GLD you're buying physical gold now same thing as like somebody called up early about Kinesis same thing by Kinesis you're buying physical gold it's like buying GLD except I can't send my GLD uh to my buddy you know in Europe or I can't use my GLD to go to Starbucks and buy a cup of coffee like you could in theory uh with Kinesis or with G coin or any one of these uh tokens that's backed by gold so but they're like an ETF right because they're you have the gold there and then there's a share associated with it as opposed to a a token that that's been created but GDX is just a diversified basket of mining stocks now personally I think my portfolio that Adrian day manages at my gold fund the Euro Pacific gold fund or the separately managed accounts that Adrian manages for my clients I think Adrian is smart enough to beat an index because the thing with the index is it just buys everything but I think Adrian can figure out which stocks are better to own and which stocks are better to avoid you know he's been doing this for 40 years he knows the mining sector he doesn't have to buy an index you buy the index where you don't know what you're doing and that way oh I'm not going to make a mistake I'm just going to buy the index now sometimes you buy it because there's more liquidity there right than any one individual name you're a big fund okay I'm going to buy the index because you know I don't have enough liquidity in some of these names but if you're an individual investor you don't have to do that buy the Euro Pacific gold fund set up a managed account with me let Adrian day build you a portfolio he will beat these indexes I'm confident of that he's done it for 30 or 40 years and you know he doesn't compete against that many people there's not a lot of smart people who are managing gold portfolios or silver mining stocks they they're all they're intact they're in biotech they're in they're in something sexier right it's not like the smartest people are are becoming engineer I mean uh geologists and you know nobody cares about mining all these the big Investment Banking deals don't happen in mining right it's been in a bear market for so long so Adrian is just you know he's playing a game you know with a bunch of lightweights so he he's able to find the value that other people can't find and so I think that we're going to way out perform the the mining stocks that you would get if you just if you just bought everything I think that he's going to buy the stuff that's going to go up more and not buy the stuff that's going to go up less or maybe even the stuff that goes to zero I think he he knows the difference and so if you want to be in Gold stocks then I think you look into the Europe Pacific gold fund and separately managed accounts knowing they have a lot more risk because you're investing in a company you're a stockholder in a business a law can go wrong that's very different than buying physical gold let's say it's shift gold or you know buying uh an ETF like GLD that to me is an alternative form of liquidity that's real money versus owning dollars or Euros or Yen yes it's going to have a little bit more volatility but look the
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