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COMEX at RISK From Chinese GOLD BUYING · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  Gold and silver prices like you've never imagined.
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  There is a ton going on in the world right now, and we know
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  some of it is actually very scary.
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  But could we be heading to a point where physical demand for
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  silver and gold overwhelms the electronic exchanges?
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  Yes, the Comex and the LBMA, the result of which would be prices
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  for gold, prices for silver like we've never imagined what's
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  going on with China, we're going to focus in on that today in
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  this video and see why physical demand for gold in particular in
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  China has the potential to result in explosive price
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  increases for gold. And you know what happens to
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  gold also happens to our good friend silver.
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  Let's dig in right now. What would you think if you
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  heard the Chinese government was encouraging their citizenry to
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  accumulate physical gold? Well, that would mean increased
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  demand for our favorite yellow metal.
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  We know just several months back that the Chinese government made
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  it very easy for the wealthy, for people in China who actually
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  have bank accounts, to convert their bank accounts into
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  physical gold with a mouse click.
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  And the government has been encouraging the citizens to do
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  it ever since. Now let's talk about the other
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  end of the spectrum. Remember, China has 1.4 billion
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  people. Just to give you a little bit of
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  context, in the United States, we're just over 300 million.
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  That means China has four times as many people as we have here
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  in the United States. And have you considered that
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  unlike the United States, the middle class in China is growing
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  more and more wealthy by the week and by the month?
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  So is the Chinese government doing anything to encourage
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  average and lower class Chinese citizens to buy gold?
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  You bet they are. There's a new movement in China
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  called gold beans. Yes, golden beans.
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  They're little itsy, bitsy, little pebbles, little beans of
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  gold that weigh 1 gram each. Now, for those of you who don't
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  know, there's about 31 grams in each oz.
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  So it takes 31 of these little 1 gram gold beads to make one
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  ounce. But the government is
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  encouraging their citizenry to accumulate them on a monthly
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  basis. Big deal, right?
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  Well, if you consider 1.4 billion people, and I need to
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  refer to some figures here in China, if only 10%, one in 10
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  Chinese people, 140 million, were to buy 1 gram of gold one
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  of those little beans one time a month, that would result in
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  1,680,000,000 grams of gold being purchased on an annual
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  basis. Big deal, right?
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  It is a massive deal because if you divide that 1.68 billion
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  grams of gold by 31.1, because remember, there's 31 grams in an
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  ounce that comes to 54,000,000 ounces of gold.
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  Big deal, right? Yes, that is a huge deal because
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  according to the statistics that I dug up on an annual basis, the
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  world only produces around 120 million ounces of gold in total.
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  So that represents that just 10% of the Chinese population buying
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  one little gram of gold every month.
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  That would represent almost half of the world's gold production,
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  again just from 10% of the Chinese population.
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  To put that into context, 1 gram of gold today at around let's
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  say $2000 per oz gold price would cost you $75 give or.
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  Take first Mining Gold is a development company advancing 2
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  of the largest gold projects in Canada, Spring Pole in Ontario
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  and Du Parquet located in Quebec.
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  Each already has. 5 million ounces of gold reserves but
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  exploration initiatives. Are underway at both projects to
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  find even more gold first. Mining is well financed, has
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  zero debt and owns an interest in four additional Canadian gold
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  development projects. And it seems to be catching on.
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  I read an article a few months ago about these gold beans.
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  It was interesting talking about how the younger people in China
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  are taking part in this craze of buying and collecting gold
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  beans. Remember China?
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  India. Most other parts of the world
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  look at gold, look at silver much, much differently than we
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  do in the United States. But big deal, you might say.
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  Well guys, it is a big deal because while China is the
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  number one producer of gold in the world, they have no ability
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  to a supply that amount of gold, that 54,000,000 ounces that I
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  brought up earlier to their citizenry, it would overwhelm
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  the physical market in China. And remember, China's market,
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  the Shanghai Gold Exchange and the Shanghai Futures Exchange,
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  is based much more on physical metal, but it would bleed
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  through to the West. To our friends at the COMEX and
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  the LBMA, they might find themselves with a little problem
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  on their hands if Chinese citizenry does indeed continue
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  in this trend of buying and collecting these gold beans.
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  And all of this is happening while China's neighbor to the
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  east. Yes, Japan, just the third
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  largest economy in the world, they're having a gold craze all
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  of their own. Japanese people are buying gold
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  like no other time in recent history because they're waking
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  up as their yen is going down, down, down in value to the
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  wealth preservation functionality that can be found
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  in things like gold and silver. It's going to be an interesting
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  decade ahead of us guys. We've got so much going on, so
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  many factors that are coming together, a confluence of
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  factors that are supportive to both the silver and the gold
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  price. You know, I'll be here with you
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  through it all. If you want to get your hands on
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  some silver right now, go check out pin backs.
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• 7:28
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• 7:38
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  Hey, take care and I'll see you soon.