You Wont BELIEVE Whos Buying TONS of GOLD!!! | Dr. Steve Turley

➡ Dr. Steve Turley talks about how the price of gold is rising fast, hitting its highest ever. This is mainly because power is shifting from the West to the East, especially to China, which now buys most of the world’s gold. More countries are choosing gold over the US dollar, which is making the price of gold go up. Also, banks around the world are buying more gold and selling US treasury securities.

The value of gold is surging as its spot price hits record highs. Many are saying, we ain’t seen nothing yet. Which raises the question, who’s buying it? What’s contributing to this surge? Well, that’s exactly what we’re going to find out. And the answer is going to shock you. If you’ve been following gold prices over the last several months, then you know things are certainly looking up. Literally over the last six months, the price of gold has shot up 23%, lifting the commodity to its highest price ever.

But what’s behind this massive surge in value? Well, it’s actually rather astonishing. Now, if you’re a regular to this channel, if not, make sure to smack that bell and subscribe button. But then you’ll know that one of our major themes here is that a new world is rising. That’s what we focus on analyzing each and every day here. We’re living in the midst of a massive global paradigm shift where political and economic power is increasingly shifting away from the west, particularly here in the United states, and moving more and more eastward towards what’s often referred to as Eurasia.

And it’s precisely that massive shift from west to east that’s contributing to this massive surge in the price of gold. When all said and done, western nations are no longer the chief buyer of gold, and therefore are no longer in the driver’s seat in determining gold’s price. That privilege now belongs to China, and by a lot. China today accounts for upwards of two thirds of global gold purchases, making it the undisputed current king of gold.

And it ain’t just China. It’s now widely recognized that non western central banks are buying up gold big time. And that buying spree appears to be just getting started. Forbes recently featured an article that found that more and more central banks around the world are starting to sell off and even avoid us treasury securities. Now, a decade ago, foreign central banks and investors, they own 43% of our national debt.

Today, that numbers just dropped to 30%. And central banks are serious about this. Again, a decade ago, central banks acquired just 4% of the world’s gold supply. Today, that number shot up to 35%. And this is why the price of gold is expected to continue to climb. Because when all is said and done, more and more nations are dropping the US dollar and instead turning to gold as a hedge to that declining dollar.

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So what are you waiting for? Get in on the action by clicking on the link below or going to turleytalkslikesgold. com and get your free gold and silver kit today promises to be a real life changer. But that’s really the key in all of this. You don’t buy gold to make money per se. It’s more than that. You buy gold because you don’t trust the dollar. It’s because you believe the dollar is inflating itself out of existence, as it were.

By contrast, as each dollar decreases in value, each ounce of gold, at least ideally, increases in value. That’s why people buy gold. They buy gold so they own real money. That doesn’t decrease in value because of inflation. For example, a lot of people don’t even realize 100oz of gold. So basically, 100 gold dollars can buy you a very nice house today. A couple hundred thousand dollars house. But that’s key here in that it could have done the same thing 100 years ago.

In other words, 100 gold dollars had comparable spending power a century ago as it does today. And that’s because gold is a commodity. That means its value goes up along with all other commodities like silver and oil and the like. However, again, by contrast, whereas 100 years ago you could buy a relatively decent house for about $6,000, try doing that today. You need about $80,000 to buy today.

What $6,000 could have bought you 100 years ago. And that’s because dollars are a currency, not a commodity. And as a currency, the value of the dollar can be artificially undermined by virtue of the Federal Reserve printing as many of those dollars as it wants. In other words. In other words, you can’t invent commodities, but you can invent currencies. But I think the real reason why so many international central banks are pulling out of the dollar is because they continue to be rather shocked at the way the dollar was so blatantly weaponized against Russia.

It’s not that these countries support what Russia is doing in Ukraine, but they certainly don’t support the notion of sanctioning central banks and seize in foreign reserves like the US did with Russia. Because I mean if the US can do that to the Russian Federation, then who can’t they do that to to and that fear. The concern that the US may indeed at some point weaponize the dollar against other nations is causing more and more central banks to seek assets that are outside of the US’s sanctioning mechanisms.

And lo and behold, that means gold, real money, real estate that these nations could actually physically own and that cannot be taken away from them. That’s what’s really driving in my opinion. I think that’s what’s ultimately driving this price surge in gold. More and more nations are looking for asset investments that bypass the finance structures that surround the US dollar. And that’s why a number of investors believe that the surge in the price of gold in many ways is just getting started again.

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