All right. Hey, everybody. Economic ninja. Let’s talk about gold today. How many of you are buying gold? I’d love to have you hashtag gold down below if you’re buying it. I haven’t bought it for a little bit of time. I’ve actually done my allocation, waiting for it to pull back a little bit, but it doesn’t look like that’s coming anytime soon. This story is really interesting out of zerohead.

It’s entitled that central banks are buying gold or they’re gold buying, expected to remain hot over the next several years. And again, I’ve told you this before. I do what central banks do because people like Warren Buffett, I do what they diamond. You know, when they’re selling stocks or when they’re buying gold, that’s what I do, because they’re rich and they know a lot more than I do.

So I just follow sort of what they do. It says here, net central bank gold buying exceeded 1000 tons for two straight years. And commodity analyst ANZ bank expected central bank gold demand to continue hot for at least the next six years. Says central banks could purchase over 600 tons of gold annually until 2030 to take its share in their foreign reserves to 10%. China will likely occupy the lion’s share in global official gold demand.

It’s really interesting. After Bretton woods, we held the gold when Germany and Europe were completely devastated after World War II, we convinced them to ship their gold over to us. We become the reserve currency and we were going to hold their gold for safekeeping. Not a lot of people remember and let me know down below, down below if you do. Balu around 2014, if my memory serves me right, Germany sent a delegation, a handful of politicians, to come and ensure that the gold that they had put on reserves were here, actually physically here, because they asked for their gold back.

And the central bank said, yeah, no problem, we’ll get it back to you. It should take around seven years to get back to you. And they were shocked. So they sent this delegation here. They came back screaming to their parliament, the gold’s gone, they don’t have our gold. And it got real quiet after that because I believe that we saw a very secret deal set up between our central bank and Germany’s, and they just wanted to dust that under the rug.

The fact of the matter is, central banks know what’s going on. They’re trying not to spook the markets, and they’re picking up gold slowly the right way. They’re not panicking in, they’re not trying to grab it off the markets, off the streets. And the sad thing is, very few people understand this, why they’re doing it. And they do understand that gold will be at a much higher value in the future than it is today.

And quite frankly, every time I talk to people that are complete lunatics, and I mean lunatics, because they’re educated idiots, they’ve got some fancy degree, or let’s say they’ve got some money in their pocket and they think they’re all that. They know nothing about monetary history, they know nothing about current monetary policy, and they laugh at you when you talk about gold. Well, gold is God’s money. Fiat currency is Satan’s money.

I don’t put all of my money into gold, just so you know. But I do understand these cycles that repeat themselves all throughout history of the earth. What happens ever since a fiat currency was invented or created? Every once in a while there’s a transition where gold takes the lion’s share of the value. The fiat currency goes down. That’s when it usually gets more colorful. It’s why in the wizard of Oz, the horse of a different color was running around in the Emerald city, because they just keep changing the colors of money.

It says here that central bank net gold purchases totaled 1037 tons in 2023. That fell just 45 tons short of 2020. Two’s multidecade record. China was the biggest buyer in 2023. The People’s bank of China officially reported 225 ton increase in its gold reserves. I want to also state something else that most people don’t understand. A lot of people would hear these numbers of massive gold buying and they would associate the demand with price increase.

And that really hasn’t happened. Sure. Since, what, 2021? We’ve seen gold go from one $700 or one $600 that range to where it is now over 2000. But they would expect a much higher price. That’s because most people don’t understand. The central banks understand how to buy gold. They buy on weakness. They come out with media campaigns crapping on gold and then they buy and they buy from the weak hands and they take it.

Eventually, when they have enough gold, they’re going to let it go free and they’re going to start talking about how great gold is. And one of the reasons why they’re going to talk about how great gold is is because they’re going to be able to go to their citizens and say, look at what we did. We bought a bunch of gold. Aren’t we smart? You should trust us.

And we’re going to print some more fiat currency and shove it down your throats because it’s stable. Now. That fiat currency is great because it’s backed by gold, or maybe it’s not physically backed by gold, but it’s like, hey, we got gold in the bank, so keep taking our crap currency, they’re going to let the price run. The question is, what side are you going to be on? Says the total central bank gold buying in 2022 came in at 136 tons.

It was the highest level of net purchases on record dating back to 1950, including since the suspension of the dollar convertibility into gold in 1971. ANZ analysts say that. Sorry, say the recent bout of price inflation helped drive central bank gold demand. Recent inflation shocks globally aggressive policy, rate hikes in the developed markets and valuation losses on foreign currency reserves held by emerging market central banks have enhanced gold’s appeal relative to bonds in their portfolio.

A lot of people are putting a lot of weight in bonds because it gets a percentage back. There are actually companies that stake your gold, they store it and they give you a rate of return back in gold. It’s right around now, is it 3%? Two and three quarters. 3%. I think rate of return for some of these companies are giving because what they do is then they allow companies to borrow that gold to hedge.

And not only the jewelry industry, coin makers, manufacturers, but mining companies. There’s all kinds of companies that need to hedge physical gold, but it’s important. And I’m actually going to be doing a video on our new channel. This will make you rich on hedging. What hedging actually is the whole explanation, if you want to go and check that out. It should hopefully be out in about a week, but that channel is.

This will make you rich if you want to check it out. My point being is this. There are a lot of people that are looking at bonds and how attractive they are at, what, ten year bonds? What is it, 4. 2% right now, but it’s only because a ten year bond hasn’t paid crap for the last like 20 years. All right. The good news is tenure bond is going to be much higher in the future.

I think it could come down a little bit this year going into the election, but it’s going to be much, much higher because our currency is collapsing. Not only that, as other central banks are buying gold, you notice that the US isn’t in this list. The United States isn’t buying gold. Matter of fact, I don’t believe they even have the gold that they say they have. I believe our government is straight up corrupt and lying.

Exactly why Germany sent that delegation back in 2014 when they said, yeah, we’ll give you your gold back. It’ll take like seven years. We’ll get it. We’ll get it back. Because they leased it out contractually obligated to hold onto it. This is not a joke. Now, I don’t buy gold for my gold to value in crazy percentages overnight. Even next year, I started investing in gold and silver.

And silver I love more than gold, honestly. But I didn’t buy it. I used to buy it for those crazy gains. Those never happened. But I started to seek to understand wealth creation, wealth building, and stacking those ounces. And then over time, as the pile grew, the amount grew, plus the dollar amount went up. I saw that wealth go up exponentially. Now, wealthy people do know this. Once they own gold, you can loan it out.

You can borrow against it as well. Wealthy people borrow against their assets. They don’t sell them. People that are poor minded have poor minded mindsets. They sell things to get increase. Wealthy people either work harder or go and take loans against their assets, keep their assets, and then that money that they borrowed against the assets, the cash they got, they have that going and making money as well.

So I want people to understand that as we see central banks continually buying gold, it gives me more strength in my mind to go and buy more gold. All right? But again, I don’t put all of my money into one asset class. I’d just be moronic. I mean, look at this. If I would have put all of my gold since I started the channel, which is almost four years ago, in gold, and I didn’t separate it between gold and bitcoin.

Look at where I would have been now. If I just had the gold, the gold would have went up, what, $300 an ounce? Since I started this channel, the cryptocurrency that I purchased has gone up over 100%. Well, over 100%, actually, it’s up 200% now. So my point being is this. It’s good to diversify. Hope you guys are having a great day. Hashtag gold if you are buying gold.

And I will see you later. The economic ninja is out. Bye. .

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