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Transcript

Felix Prehn - They Just Sold Gold - Here is Why That Should Scare You + Stock Market News 25 June 2026 · Felix Nikolas Prehn's Podcast

• 0:00
  SPEAKER_00: The World Central Banks just filled out a confidential survey about what they're gonna do with their money and what they said should make every American investor sit up and pay attention because while we get the talking heads on TV and they're telling you, you know, gold is done, the trade is over, sell now, move on.
• 0:19
  SPEAKER_00: The people who actually manage trillions of dollars in national wealth, guess what?
• 0:25
  SPEAKER_00: They did the exact opposite.
• 0:27
  SPEAKER_00: They bought more gold.
• 0:29
  SPEAKER_00: And here's what gets me this survey is publicly available.
• 0:32
  SPEAKER_00: I read it at breakfast this morning, and I thought I'd come for a little stroll here in um one of the most beautiful parks in the world in this amazing city.
• 0:40
  SPEAKER_00: You can probably guess where I am.
• 0:41
  SPEAKER_00: And yes, anybody can read it, but the mainstream financial media, they're barely covering it.
• 0:46
  SPEAKER_00: So Wall Street sends research on this, and I've also read all of that this morning to their hedge fund clients.
• 0:52
  SPEAKER_00: And they charge tens of thousands or hundreds of thousands of dollars for the service, but they don't send it to you, right?
• 0:57
  SPEAKER_00: And I believe you deserve to see it too.
• 0:59
  SPEAKER_00: So today I'm gonna break this whole thing down for you.
• 1:02
  SPEAKER_00: As we're um standing here in Glorious Central Park, you don't need a finance degree for this.
• 1:07
  SPEAKER_00: I'm gonna give you three simple frameworks.
• 1:10
  SPEAKER_00: Think of them like a cheat sheet so you can understand what's actually happening with gold and more importantly, what you should do or think about doing with your money.
• 1:20
  SPEAKER_00: If you're wondering who the heck this is, my name is Felix.
• 1:23
  SPEAKER_00: Um, I am dedicated to helping regular investors, which is why I am nowadays, to access the same insights and the same intelligence and the same strategies central bankers have, the hedge fund managers have, the Wall Street guys have.
• 1:38
  SPEAKER_00: And I'm not a gold buck.
• 1:39
  SPEAKER_00: I'm also not here to scare you into buying gold.
• 1:42
  SPEAKER_00: I'm here to show you what the data actually says straight from the world's central banks themselves and hand you a framework so you can make your own informed decision.
• 1:51
  SPEAKER_00: Now, the video here is gonna be fairly dense.
• 1:53
  SPEAKER_00: Um, what I'll do when I get back to my hotel room and sit down and have a bit more clarity of what I can say.
• 2:00
  SPEAKER_00: I'm gonna put together a bonus research report with everything that's important here.
• 2:04
  SPEAKER_00: You can download that for free at felixfriends.org/slash um gold2026.
• 2:09
  SPEAKER_00: I think that's a good link for it.
• 2:10
  SPEAKER_00: Gold2026.
• 2:11
  SPEAKER_00: And the link's in the description.
• 2:12
  SPEAKER_00: It's completely free.
• 2:13
  SPEAKER_00: It'll have every bit of statistic and we'll walk you through all the implication steps.
• 2:17
  SPEAKER_00: I'm gonna run you through here.
• 2:18
  SPEAKER_00: Uh, so here's our roadmap for what I'm planning to talk to you about in the next 15-20 minutes.
• 2:23
  SPEAKER_00: First, the elephant in the room.
• 2:25
  SPEAKER_00: Gold just dropped hard from its highs, right?
• 2:27
  SPEAKER_00: So if the central banks love gold so much, why did the price fall?
• 2:30
  SPEAKER_00: We're wondering now, right?
• 2:32
  SPEAKER_00: I'll show you a simple framework I call smart money versus yeah, dumb money.
• 2:37
  SPEAKER_00: And that explains exactly what happened and why this correction actually strengthens the case for gold.
• 2:43
  SPEAKER_00: Second, the 1,000 ton phenomenon, and that's the big story nobody's covering here.
• 2:49
  SPEAKER_00: Central banks have been hoovering up gold at a pace we've never seen.
• 2:52
  SPEAKER_00: And I'm gonna tell you why they're buying it and why that white is shifted in a way that should concern everybody invested in the US.
• 2:59
  SPEAKER_00: And then third, the dollar crisis.
• 3:02
  SPEAKER_00: US government pays more in interest on debt than it spends on its military.
• 3:06
  SPEAKER_00: I want to explain that in English and explain why this traps the Federal Reserve and creates what might be honestly the best environment for gold in decades.
• 3:17
  SPEAKER_00: And then as a little bonus here, fourth, um, I'll talk to you about the vault story.
• 3:22
  SPEAKER_00: Because that's something that almost nobody understands.
• 3:24
  SPEAKER_00: And then, of course, we'll focus on what this actually means for your money, how you can make better decisions.
• 3:29
  SPEAKER_00: I'll give you a proper framework here if I can remember half of the stuff I'm planning to talk to you about.
• 3:34
  SPEAKER_00: So, gold dropped about 20% from its highs, right?
• 3:37
  SPEAKER_00: It's a big number.
• 3:38
  SPEAKER_00: If you own gold, that probably hurt.
• 3:39
  SPEAKER_00: You might have bought it near the top.
• 3:41
  SPEAKER_00: Uh, most retail investors do buy things near the top.
• 3:43
  SPEAKER_00: So, what actually happened?
• 3:45
  SPEAKER_00: Because this is where the story gets a bit twisted, and people get this completely wrong.
• 3:49
  SPEAKER_00: So, let me give you an analogy.
• 3:50
  SPEAKER_00: Imagine there's a house in a good neighborhood, solid foundation, great location, and it's genuinely worth about$500,000.
• 3:59
  SPEAKER_00: The value is real.
• 4:00
  SPEAKER_00: Now, some flippers come in, they start bidding it up, and now it's worth$600,000.
• 4:06
  SPEAKER_00: Eventually somebody pays$700,000 for the same house.
• 4:10
  SPEAKER_00: Now, did the house get better?
• 4:12
  SPEAKER_00: No.
• 4:12
  SPEAKER_00: Still the same house.
• 4:13
  SPEAKER_00: They're paying$700,000 because they think someone else will pay$750,000 tomorrow.
• 4:19
  SPEAKER_00: That's speculation, it's momentum.
• 4:22
  SPEAKER_00: And that's exactly what happened with gold.
• 4:24
  SPEAKER_00: Late last year and into early this year, gold was surging.
• 4:28
  SPEAKER_00: And when something goes up, two very different types of buyers show up.
• 4:32
  SPEAKER_00: The first type is what I call structural buyers.
• 4:34
  SPEAKER_00: These are central banks.
• 4:35
  SPEAKER_00: They buy gold based on policy.
• 4:38
  SPEAKER_00: Their job is to protect wealth.
• 4:40
  SPEAKER_00: They don't care if gold went up yesterday or down yesterday, they just buy anywhere.
• 4:45
  SPEAKER_00: And then, and those guys are the foundation, right?
• 4:48
  SPEAKER_00: They're the real value guys.
• 4:50
  SPEAKER_00: The second type is what I call momentum buyers, hedge fund, retail traders, people who heard gold was going up and thought, I want in on this.
• 4:57
  SPEAKER_00: They're not buying because they studied the fundamentals, they're buying because the price is moving and they don't want to miss out.
• 5:03
  SPEAKER_00: They are the noise, they're the FOMO, or they are actually quite sophisticated investors who just flip in and out of stuff and they don't really care what they own.
• 5:12
  SPEAKER_00: Right.
• 5:13
  SPEAKER_00: Found a spot to sit down, it's a bit more comfortable.
• 5:15
  SPEAKER_00: Uh, as I realized I'm gonna be rambling on here for a while.
• 5:19
  SPEAKER_00: So the momentum crowd got excited, prices got a bit stretched, and then as always happens, the rubber band snapped back, right?
• 5:26
  SPEAKER_00: And then every headline in the world screamed, Gold crashes! And the talking head says, the trade's over.
• 5:32
  SPEAKER_00: But what they don't tell you is this the structural buyers, the central banks, they never stop buying not for one second.
• 5:38
  SPEAKER_00: So think about that.
• 5:39
  SPEAKER_00: The house is back to$500,000, the flippers are gone, but the serious buyer, the one who actually lives in the neighborhood, he's still there.
• 5:47
  SPEAKER_00: Still buying at a pace we've never seen in history.
• 5:51
  SPEAKER_00: And one analyst I respect put this perfectly.
• 5:53
  SPEAKER_00: He wrote, central banks are the buyer of first resort.
• 5:57
  SPEAKER_00: Investors are the buyer of last resort.
• 6:00
  SPEAKER_00: And what that means is this central banks buy proactively all the time, rain or shine.
• 6:05
  SPEAKER_00: Investors, they only pile in when they get worried or when their price rallies really, really quickly.
• 6:11
  SPEAKER_00: Now, the beautiful part is that the next phase of this gold story won't be driven by speculators chasing prices.
• 6:17
  SPEAKER_00: It'll be driven by investors who are genuinely concerned about what's happening in the world.
• 6:22
  SPEAKER_00: And that kind of buying that is much more durable, much more powerful.
• 6:27
  SPEAKER_00: So the framework number one here, and I want you to remember this, maybe take some notes.
• 6:31
  SPEAKER_00: Whenever you see a scary headline about gold falling, ask yourself one simple question.
• 6:35
  SPEAKER_00: Did the structural buyers stop?
• 6:37
  SPEAKER_00: The answer is no, the foundation is there.
• 6:40
  SPEAKER_00: The noise left, the real buyers are still there.
• 6:43
  SPEAKER_00: And that brings me to the real question: why are central banks buying so aggressively?
• 6:47
  SPEAKER_00: What do they know that we don't know, right?
• 6:49
  SPEAKER_00: These are the guys who print money.
• 6:51
  SPEAKER_00: But before we get into that in more detail, I want to pause for a second and talk to you very frankly.
• 6:58
  SPEAKER_00: Because I know some of you are sitting there thinking, okay, Felix, this is interesting, but what do I actually do with this?
• 7:04
  SPEAKER_00: Like specifically, what's the move?
• 7:07
  SPEAKER_00: And there's the thing, I've already written out my plan.
• 7:10
  SPEAKER_00: My exact strategy for I'm positioning myself for the rest of this year.
• 7:13
  SPEAKER_00: It's written out.
• 7:14
  SPEAKER_00: I know exactly what I'm going to be doing based on all of this data and what I learned from my Wall Street mentors.
• 7:19
  SPEAKER_00: And what I want to do is give that to you, share that with you, but not as a document because it won't land and guarantee it.
• 7:25
  SPEAKER_00: I've tried it.
• 7:26
  SPEAKER_00: You'll download it, you'll skim it, and you'll sit on your desktop next to that PDF you saved, you know, 19 months ago and never opened.
• 7:33
  SPEAKER_00: Uh, we've all been there.
• 7:34
  SPEAKER_00: So instead, I want to do an actual teaching session.
• 7:38
  SPEAKER_00: I'm gonna sit you down for two hours and walk you through the exact process, why I'm doing what I'm doing, what the institutions are doing, and how you can build your own playbook for the next 90 days, for the rest of 2026.
• 7:54
  SPEAKER_00: Because that's really what this is about.
• 7:55
  SPEAKER_00: It's not about one trade, it's not about having some insider information, it's about having a plan for what's coming over the next quarter and the quarter after that and after.
• 8:03
  SPEAKER_00: And there'll be two kinds of people here.
• 8:05
  SPEAKER_00: There'll be the people who learn this, and there'll be the people who wish they'd learned about it, you know, six months from.
• 8:12
  SPEAKER_00: So if you want to join me, you can grab yourself a free seat at 90dayplaybook.org.
• 8:18
  SPEAKER_00: Links down below in the description.
• 8:19
  SPEAKER_00: It's completely free, no credit card required, anything like that.
• 8:22
  SPEAKER_00: It's just a free teaching session.
• 8:23
  SPEAKER_00: So now let's get into the data that changed everything for me.
• 8:27
  SPEAKER_00: And if you're gonna show up for yourself, just write show up in the comments down below so I can see it.
• 8:32
  SPEAKER_00: Because it's really about you, it's not about me, right?
• 8:34
  SPEAKER_00: You've got to sit down, learn the actual skills, um, and then you can enjoy, you know, places like this.
• 8:41
  SPEAKER_00: I mean, it's such a can you see that skyline back there?
• 8:44
  SPEAKER_00: It's just glorious, absolutely amazing.
• 8:47
  SPEAKER_00: I love this city.
• 8:47
  SPEAKER_00: I've been here for too long, and we're gonna stick around for a little while because it's just fun.
• 8:51
  SPEAKER_00: And here's the key headline from the survey that just came out.
• 8:54
  SPEAKER_00: 45% of central banks say they plan to buy more gold in the next year.
• 9:00
  SPEAKER_00: That is the highest number in the survey's history.
• 9:04
  SPEAKER_00: So almost half the world's central banks are saying, we want more gold.
• 9:07
  SPEAKER_00: And to really appreciate how dramatic this is, let me give you a trend.
• 9:11
  SPEAKER_00: Back in 2019, only 8% planned to buy more gold.
• 9:16
  SPEAKER_00: By 2022, it was 25%.
• 9:18
  SPEAKER_00: Last year, 43% of those central banks said we're gonna buy more gold.
• 9:22
  SPEAKER_00: This year, it is 45%.
• 9:25
  SPEAKER_00: And then it was planned to buy it.
• 9:26
  SPEAKER_00: They've literally been putting their money where their mouth is.
• 9:28
  SPEAKER_00: So for four years straight, central banks have bought over a thousand tons of gold per year.
• 9:33
  SPEAKER_00: And now those are the official figures, and arguably some countries don't tell you everything that they're buying.
• 9:38
  SPEAKER_00: Gulf states, certain Asian countries actually buying secretly more than they're telling you about.
• 9:43
  SPEAKER_00: But these banks have literally doubled the pace of their buying compared to the previous decade.
• 9:49
  SPEAKER_00: And they're telling us we're gonna buy even more.
• 9:52
  SPEAKER_00: And what blew my mind even more than the numbers is the why.
• 9:54
  SPEAKER_00: So they literally asked these banks, these central banks, you know, like the Fed, why do you hold gold?
• 9:58
  SPEAKER_00: Why, what is that important?
• 10:00
  SPEAKER_00: And the number one reason, cited by 90% of them, so nine out of ten central banks in the world said the following.
• 10:07
  SPEAKER_00: They say gold's performance during times of a crisis.
• 10:11
  SPEAKER_00: So think about that.
• 10:12
  SPEAKER_00: These are the most conservative money managers on the planet.
• 10:15
  SPEAKER_00: They're also the guys who can just print money, by the way, which is just in a bizarre place to be.
• 10:19
  SPEAKER_00: Their job description is protect the nation's wealth.
• 10:22
  SPEAKER_00: And 90% of them, nine out of ten of them, are saying we'll hold gold because when everything else falls apart, gold holds its value.
• 10:30
  SPEAKER_00: Think about 2008, the financial crisis, market crashed, banks failed, people lost their homes, gold went up.
• 10:36
  SPEAKER_00: Yeah, COVID, the world shut down, markets created, gold went up.
• 10:40
  SPEAKER_00: Yeah, Bitcoin went up more, but gold still went up.
• 10:43
  SPEAKER_00: And these central bankers have studied every crisis in modern history.
• 10:46
  SPEAKER_00: And their conclusion is gold's the thing you want to earn when the world goes heiwa.
• 10:50
  SPEAKER_00: But there was a shift this year that I've never seen before in the history of all the data.
• 10:56
  SPEAKER_00: For the first time ever, geopolitical instability has overtaken inflation as the number one concern for central banks.
• 11:03
  SPEAKER_00: So let me say that again.
• 11:05
  SPEAKER_00: For years, inflation was keeping these central bankers up at night, right?
• 11:08
  SPEAKER_00: They're sitting in their wood-paneled rooms, swigging sherry, going, We're terribly worried about this.
• 11:14
  SPEAKER_00: Um, because that's their main job.
• 11:16
  SPEAKER_00: Keep inflation under control.
• 11:17
  SPEAKER_00: But this year, it isn't inflation, it is geopolitical risk, wars, sanctions, trade conflicts.
• 11:23
  SPEAKER_00: So 80% of these bankers, again, eight out of ten people in that wood-paneled room, now say political, geopolitical instability is a huge factor in their decision making.
• 11:35
  SPEAKER_00: More than inflation, more than anything else.
• 11:38
  SPEAKER_00: And that tells you something about where we are in the world right now, right?
• 11:40
  SPEAKER_00: More conflicts, more trade wars, countries sanctioning each other every other Tuesday, financial system being weaponized.
• 11:47
  SPEAKER_00: Central banks are looking at all this and saying, we need protection, we need an asset that doesn't depend on anyone else's promises, and we don't really believe ours because we're probably just gonna print more money anyway.
• 11:57
  SPEAKER_00: Well, I'm making that last part up.
• 11:58
  SPEAKER_00: But you know what I mean.
• 11:59
  SPEAKER_00: So we need gold, that's what they're saying.
• 12:00
  SPEAKER_00: Now, here is a part of the story that it just doesn't make the media, and it's massive.
• 12:05
  SPEAKER_00: The countries buying the most gold are not the big Western economies, it's the emerging markets, countries like India, Brazil, Poland, China, and dozens of others.
• 12:15
  SPEAKER_00: Half of all the emerging market central banks are gonna buy more gold.
• 12:19
  SPEAKER_00: Half.
• 12:19
  SPEAKER_00: Why does that matter?
• 12:20
  SPEAKER_00: Because these are the sort of the fastest growing economies in the world.
• 12:23
  SPEAKER_00: These are the countries where the growth's happening, and they're all saying the same thing.
• 12:26
  SPEAKER_00: We don't fully trust the Western, I mean, basically the American financial system, because let's face it, that's what it is, anymore.
• 12:33
  SPEAKER_00: We're building our own reserves, we're buying gold.
• 12:36
  SPEAKER_00: One central banker wrote this very bluntly.
• 12:38
  SPEAKER_00: He said something that I'm paraphrasing here because I happened with the document in front of me.
• 12:42
  SPEAKER_00: We expect the share of reserves held in US dollars to go down.
• 12:46
  SPEAKER_00: So the US is weaponizing a dollar through sanctions, through terrorists, through trade conflicts.
• 12:52
  SPEAKER_00: And other countries are saying, well, we're just gonna hold less dollars.
• 12:56
  SPEAKER_00: And what we're gonna do with our money, we're gonna buy gold.
• 12:58
  SPEAKER_00: And the number of central banks who are worried about a weaker dollar now just doubled.
• 13:05
  SPEAKER_00: Doubled in just one year.
• 13:07
  SPEAKER_00: So let me try and put this all together so it hopefully um makes some sense.
• 13:12
  SPEAKER_00: So the second framework here is follow the central banks if you're in gold, right?
• 13:15
  SPEAKER_00: Again, I'm telling you what to buy.
• 13:16
  SPEAKER_00: I'm another financial advisor.
• 13:17
  SPEAKER_00: I'm just sharing with you what I just read because I think it's incredibly important and giving you some colour here from the way Wall Street's interpreting it.
• 13:25
  SPEAKER_00: Central banks have put a thousand tons a year for four years straight.
• 13:28
  SPEAKER_00: More central banks are planning to buy gold than ever before, and more of them are worried about geopolitics and a weaker dollar than ever before, which are the reasons why they're buying that.
• 13:37
  SPEAKER_00: And that brings us to the third thing, right?
• 13:40
  SPEAKER_00: Are we on track in terms of what I was gonna talk about here?
• 13:43
  SPEAKER_00: Uh, you can judge me on that in the comments down below.
• 13:45
  SPEAKER_00: And if this is just a lot of information for you, this is also completely fine.
• 13:49
  SPEAKER_00: Just join me on Saturday.
• 13:50
  SPEAKER_00: Saturday will not be information dense.
• 13:52
  SPEAKER_00: Saturday will be skills dense because I want to give you something that you can take away, that you'll always have, that'll just help you make better decisions forever after, whether you're a gold bug, a silver bug, a stock investor, or just all of the above.
• 14:05
  SPEAKER_00: And I might go and find myself some shade so I don't um, you know, come back uh looking like a like a lobster here.
• 14:13
  SPEAKER_00: But what really should concern everybody, especially if you have exposure to the US, who else a little bit better, um the US government is spending more on its debt than on anything else, like literally than anything else.
• 14:26
  SPEAKER_00: And we're talking about a trillion dollars a year, like really, really insane.
• 14:30
  SPEAKER_00: So the cost of every aircraft carrier, every plane you see, uh, and you know, every fighter jet, every soldier around the world, uh, bases in, I think, 150 countries.
• 14:38
  SPEAKER_00: Uh, and the interest payment is greater than that.
• 14:43
  SPEAKER_00: And it's grown.
• 14:44
  SPEAKER_00: So people are worried about interest rates going up, right?
• 14:48
  SPEAKER_00: New Fed share just came in.
• 14:49
  SPEAKER_00: Well, if interest rates rates go up a little bit, those interest payments of the government, they explode.
• 14:55
  SPEAKER_00: We're talking about hundreds of billions of dollars of additional interest payments.
• 15:00
  SPEAKER_00: And let me give you a real-world example of what happens when a government debt gets out of control.
• 15:04
  SPEAKER_00: I'm talking about some tin pod hot country.
• 15:08
  SPEAKER_00: I'm talking about um Great Britain.
• 15:10
  SPEAKER_00: I mean Britain, I think they lost the Great a while ago.
• 15:13
  SPEAKER_00: I think it was auctioned off to Americans.
• 15:15
  SPEAKER_00: Um, but in 2022, the UK had a new prime minister called Liz Trust, and you probably won't remember her for good reasons, but she announced a budget that spooked the bond market.
• 15:25
  SPEAKER_00: And investors looked at the numbers and said, wait, we don't think the UK can handle this debt level.
• 15:31
  SPEAKER_00: So bond prices crashed, interest rates went through the roof, and Liz Trust, she was forced to resign after 45 days on the job.
• 15:40
  SPEAKER_00: So the bond market essentially fired the Prime Minister of Great Britain and then auctioned off the great part.
• 15:47
  SPEAKER_00: Now, 45 days.
• 15:49
  SPEAKER_00: Imagine something like that happening in the US.
• 15:52
  SPEAKER_00: If the bond market loses faith in America's ability to manage its debt, interest rates will go through the roof.
• 15:58
  SPEAKER_00: And the math doesn't work.
• 15:59
  SPEAKER_00: The government can't raise taxes enough or cut spending enough to fix it.
• 16:03
  SPEAKER_00: So the Fed is trapped, the Fed is powerless, they cannot let interest rates rise significantly without causing a crisis.
• 16:11
  SPEAKER_00: And they know it.
• 16:12
  SPEAKER_00: Wall Street knows it.
• 16:13
  SPEAKER_00: Central banks around the world know it.
• 16:15
  SPEAKER_00: And that's one of the reasons everyone's buying gold.
• 16:18
  SPEAKER_00: Now you've probably heard this before.
• 16:19
  SPEAKER_00: They think when interest rates go up, gold goes down because gold doesn't pay interest, right?
• 16:24
  SPEAKER_00: Sort of sounds logical.
• 16:25
  SPEAKER_00: Well, why why own something if I can get five or six percent with no risk?
• 16:29
  SPEAKER_00: But it's actually wrong.
• 16:31
  SPEAKER_00: And I'm gonna explain it to you in a way that's hopefully gonna land for you and tell me if it lands for you.
• 16:36
  SPEAKER_00: What actually matters for gold isn't the interest rate you see on television.
• 16:40
  SPEAKER_00: It's something called the real interest rate.
• 16:43
  SPEAKER_00: And real just means this: the interest rate minus inflation.
• 16:48
  SPEAKER_00: So think about it this way: if your savings account pays you 3%, but inflation is running at 5%, are you making money?
• 16:55
  SPEAKER_00: No, right?
• 16:56
  SPEAKER_00: 3% minus 5% is minus two.
• 16:58
  SPEAKER_00: You're losing 2% a year in real power.
• 17:01
  SPEAKER_00: It's a negative real rate.
• 17:04
  SPEAKER_00: And negative real rates are rocket fuel for gold.
• 17:07
  SPEAKER_00: Because when your money in the bank is actually losing value, people start looking for alternatives.
• 17:13
  SPEAKER_00: Something that lasts, something that at least holds its value.
• 17:16
  SPEAKER_00: Something like, yeah, the shiny stuff, gold, right?
• 17:20
  SPEAKER_00: Now, inflation is through the roof, just for over 4%.
• 17:24
  SPEAKER_00: And because the government can't increase interest rates, because it would tank the bond market and it would kick the government out of power in about 45 days, like it happened in the UK, you have the perfect environment for gold, in my humble opinion.
• 17:39
  SPEAKER_00: And that's exactly what the World Central Bank has just told us.
• 17:42
  SPEAKER_00: Three out of four expect the US dollar's share of global reserves to be lower.
• 17:47
  SPEAKER_00: Three out of four.
• 17:48
  SPEAKER_00: 75%.
• 17:49
  SPEAKER_00: That's a lot.
• 17:50
  SPEAKER_00: And they're making those plans themselves, so it's very likely to happen because these are the guys actually deciding that.
• 17:55
  SPEAKER_00: Less dollars typically means more gold.
• 17:58
  SPEAKER_00: So let's put the whole picture together because it's all one big puzzle.
• 18:03
  SPEAKER_00: And at the moment, the US dollar makes about at the moment, the US dollar makes up about 42% of the world's reserves.
• 18:12
  SPEAKER_00: Gold's about 26%.
• 18:13
  SPEAKER_00: Hopefully we can put some of these numbers on the screen here for you, so it isn't just a an overwhelm of data, but it's also in the document you can download.
• 18:20
  SPEAKER_00: The the uh the monkey currency known as the euro is uh 16%, and everything else fills in the rest.
• 18:27
  SPEAKER_00: So gold is about a quarter of global reserves, and central banks are telling us that the gap between the dollar and gold is going to close.
• 18:37
  SPEAKER_00: Dollar down, gold up.
• 18:39
  SPEAKER_00: And the reasons are simple.
• 18:40
  SPEAKER_00: One, the US debt makes everybody worried.
• 18:42
  SPEAKER_00: Two, the US showing a willingness to weaponize the dollar, sanctions, freezing assets, look at Russia.
• 18:49
  SPEAKER_00: Three, trade walls and tariffs make people nervous to be dependent on just one financial system, and the US is the financial system of the world.
• 18:57
  SPEAKER_00: And fourth, there simply isn't a great alternative to currency to switch to, right?
• 19:01
  SPEAKER_00: I mean, the Euro, you know, I love Italy, Portugal, and Greece, but do I necessarily want them in the same thing?
• 19:06
  SPEAKER_00: And then you look at the lunatic governments and say Germany and France, and you also think, do I want to own that thing?
• 19:12
  SPEAKER_00: The Euro was created to keep my lot, because I'm German, um, to allow us to export more, because the Deutsche Mark was incredibly expensive.
• 19:22
  SPEAKER_00: So they thought, how do we lower the value of our currency without people noticing?
• 19:25
  SPEAKER_00: Uh, oh, let's let in, uh let's let in Greece.
• 19:28
  SPEAKER_00: That was the whole point.
• 19:29
  SPEAKER_00: It's a complete pig's breakfast the way that's structured.
• 19:32
  SPEAKER_00: Um, you have the Chinese currency, but it isn't freely tradable, so no one's gonna do that.
• 19:38
  SPEAKER_00: So, therefore, your only alternative is really the thing that's been money for 5,000 years, which is gold, right?
• 19:44
  SPEAKER_00: And and one of the bankers, one of the central bankers, in that uh document says, and this is a quote, we want to diversify away from the dollar, but there aren't many alternatives, so we're buying the best alternative we have: gold.
• 19:57
  SPEAKER_00: So that's your dollar trap.
• 19:58
  SPEAKER_00: And it's not gonna get any better.
• 20:00
  SPEAKER_00: And Trump has already publicly said he actually would like a weaker dollar because it would help the US export more, bring some industry back.
• 20:07
  SPEAKER_00: There's a lot to unpack here, right?
• 20:09
  SPEAKER_00: And it's gonna keep evolving.
• 20:11
  SPEAKER_00: And I totally get this isn't like intuitive.
• 20:13
  SPEAKER_00: This is not something you were taught.
• 20:15
  SPEAKER_00: I'm very lucky, I got an economics degree, which helps a little bit, but most of us weren't that lucky.
• 20:19
  SPEAKER_00: So you need to find a way to really like learn how to manage your money better.
• 20:24
  SPEAKER_00: And why do I say that?
• 20:25
  SPEAKER_00: Because inflation is gonna go up.
• 20:27
  SPEAKER_00: It's the only way they can handle the debt.
• 20:29
  SPEAKER_00: And when inflation goes up, your salary goes down, your savings go down, your bonds go down, and it sucks.
• 20:36
  SPEAKER_00: So, what can we do about it?
• 20:37
  SPEAKER_00: Well, we can do a lot about it because there'll be plenty of people who get very, very rich in this particular cycle of the market.
• 20:44
  SPEAKER_00: There are plenty of people who are gonna invest in a way that far exceeds what inflation's doing.
• 20:49
  SPEAKER_00: And they're gonna be sitting on their yachts and their boats and flying to Nantucket and having a lovely summer.
• 20:54
  SPEAKER_00: And you can participate in the same strategies because they're actually not complicated, right?
• 20:59
  SPEAKER_00: There's an assumption that, you know, the guys working in West Wall Street, sort of somewhere behind me there, right?
• 21:05
  SPEAKER_00: In that general direction.
• 21:06
  SPEAKER_00: And those guys are smarter than you.
• 21:08
  SPEAKER_00: Well, you obviously haven't met many of them.
• 21:11
  SPEAKER_00: Um, I think the lowest hanging fruit for making all of our lives better is just to have better skills around managing our money.
• 21:19
  SPEAKER_00: And it doesn't sound super sexy, but you know what?
• 21:21
  SPEAKER_00: It's better than working an extra 20 hours a week or an extra five years to make your retirement stretch longer or whatever.
• 21:28
  SPEAKER_00: It is just better to make the money you already have and put it to work in a way that is more responsible, in a way that gets you less drawdowns, in a way that means you're not down 20% on gold because you bought at the very top.
• 21:38
  SPEAKER_00: And it's natural, it's human.
• 21:40
  SPEAKER_00: Um, FOMO is a huge thing, but it is also somewhat avoidable.
• 21:44
  SPEAKER_00: And I believe I can teach you that.
• 21:45
  SPEAKER_00: And I can teach you a ton of that in just the two hours if you show up for yourself on Saturday.
• 21:49
  SPEAKER_00: And as I said, if you do that, click on the link below below and write show up in the comments.
• 21:54
  SPEAKER_00: But let me tell you one other, I think, very important piece of the puzzle here, people don't talk about.
• 22:00
  SPEAKER_00: Where is the world's gold stored?
• 22:02
  SPEAKER_00: I mean the physical stuff, not the Fugazi stuff of Comex, where are the gold bars sitting?
• 22:08
  SPEAKER_00: Because when a country says we have gold reserves, that doesn't mean there is a vault under their parliament building full of gold bars.
• 22:15
  SPEAKER_00: For most of the world, for decades, the gold's been stored in a handful of Western countries.
• 22:21
  SPEAKER_00: The Bank of England in London had it.
• 22:23
  SPEAKER_00: The Federal Reserve of New York stole a lot of it.
• 22:25
  SPEAKER_00: The Swiss National Bank.
• 22:27
  SPEAKER_00: And the Bank for International Settlement, also in Switzerland.
• 22:31
  SPEAKER_00: And these were the world's safe deposit boxes.
• 22:34
  SPEAKER_00: Every country in the world trusts them.
• 22:35
  SPEAKER_00: Put your gold with us, it'll be safe.
• 22:37
  SPEAKER_00: We've got a perfect track record.
• 22:39
  SPEAKER_00: But something dramatic is happening right now.
• 22:41
  SPEAKER_00: And when I saw this data, honestly, the hairs on the back of my neck stood up because countries are moving their gold home.
• 22:49
  SPEAKER_00: In just the last year, almost 10% of all the central bank gold in the world moved to new locations overseas.
• 22:59
  SPEAKER_00: That's like 10 times more than normally happens.
• 23:02
  SPEAKER_00: And the Swiss National Bank, the preferred custodian of the world's gold, their storage vault got cut in half in a single year.
• 23:12
  SPEAKER_00: And what's really peculiar is um, and there's a squirrel behind me.
• 23:16
  SPEAKER_00: Hang on.
• 23:16
  SPEAKER_00: Can you see my little squirrel friend?
• 23:18
  SPEAKER_00: Can you see him?
• 23:19
  SPEAKER_00: Where is he?
• 23:20
  SPEAKER_00: R to C, right?
• 23:21
  SPEAKER_00: But he's down there somewhere.
• 23:22
  SPEAKER_00: Very cute, very wide little tummy.
• 23:24
  SPEAKER_00: Anyway, we interrupt this very important financial uh education program for a squirrel.
• 23:28
  SPEAKER_00: Um half of all the central banks in the world refuse to answer the question where they keep their gold.
• 23:34
  SPEAKER_00: They just didn't tell anybody.
• 23:36
  SPEAKER_00: Isn't that weird?
• 23:37
  SPEAKER_00: So when people then tell you where their money is, it tells you something.
• 23:40
  SPEAKER_00: They're being deliberately secretive, right?
• 23:43
  SPEAKER_00: And to understand that, when Russia invaded Ukraine, the world was horrified, and Western allies decided to hit Russia web hards.
• 23:52
  SPEAKER_00: Not with bombs, but with money.
• 23:54
  SPEAKER_00: And the US and its allies froze about$300 billion of Russian central bank reserves.
• 24:01
  SPEAKER_00: They just locked it up.
• 24:02
  SPEAKER_00: Russia could no longer access it.
• 24:04
  SPEAKER_00: Now every central banker in the world watched that, and I guarantee you, every single one of them had a meeting the next morning and said, if the US can freeze Russian assets, they could freeze mine.
• 24:15
  SPEAKER_00: So suddenly storing your gold in London or New York or Swissyland doesn't feel so good anymore, right?
• 24:19
  SPEAKER_00: So where are you going to put it?
• 24:21
  SPEAKER_00: In your basement, aren't you?
• 24:23
  SPEAKER_00: Because they can't freeze that.
• 24:24
  SPEAKER_00: It's now yours.
• 24:24
  SPEAKER_00: Nobody can touch it.
• 24:26
  SPEAKER_00: Well, unless they invade you.
• 24:28
  SPEAKER_00: So this isn't about investment returns.
• 24:30
  SPEAKER_00: It's about sovereignty, national security, control over your assets.
• 24:34
  SPEAKER_00: So what does it all mean for you?
• 24:36
  SPEAKER_00: You know, just normal investor, like wanting to retire a little earlier, wanting to have a bit of a better life.
• 24:40
  SPEAKER_00: It means we're moving into a different kind of a world.
• 24:42
  SPEAKER_00: We're moving into a world where there isn't one global financial system that everybody trusts.
• 24:47
  SPEAKER_00: We're heading towards competing financial blocks.
• 24:51
  SPEAKER_00: The US and its allies or its um vassal states, think the United Kingdom.
• 24:55
  SPEAKER_00: Uh sorry, guys, I keep making a joke so I love you, but it's actually quite true if you look into it.
• 25:00
  SPEAKER_00: There is China, there is um India, there is Russia, and you know, other places.
• 25:04
  SPEAKER_00: And what's the one asset these guys are all buying because they all distrust each other that has value in every country and every system and every currency that can't be frozen by any government or central bank?
• 25:13
  SPEAKER_00: Yeah, you got it.
• 25:14
  SPEAKER_00: Put it in the comments down below.
• 25:16
  SPEAKER_00: It is gold, right?
• 25:17
  SPEAKER_00: There's no counterparty risk.
• 25:19
  SPEAKER_00: It doesn't depend on the US being nice to you, it doesn't depend on your relationship with uh, you know, the uh socialist republics of Europe.
• 25:26
  SPEAKER_00: It's just gold, it's just physical, it's real, it's yours, and that's why people buy it.
• 25:30
  SPEAKER_00: And that's why a lot of individual gold investors that I meet, that's why they buy it, not even as an investment, just as a sort of uh insurance policy, right?
• 25:38
  SPEAKER_00: So the world's most conservative money managers, the people whose job it is to protect the country's wealth, they're saying to you what they're gonna be doing.
• 25:46
  SPEAKER_00: But there is an elephant in the room, and it's called AI, because every analyst on Wall Street has to have AI exposure.
• 25:52
  SPEAKER_00: Every fund manager is talking about, you know, the hottest investment story of the year.
• 25:56
  SPEAKER_00: But there is something that should make you pause.
• 25:59
  SPEAKER_00: Every generation has one of these, you can't lose in this story, so you must be in these stories, and they follow a very similar pattern.
• 26:06
  SPEAKER_00: In the 1800s, it was railroads, revolutionary technology that formed America.
• 26:11
  SPEAKER_00: Most railroad companies went bankrupt.
• 26:14
  SPEAKER_00: Now, who made real money out of this?
• 26:15
  SPEAKER_00: Well, JP Morgan, because they bought the rail assets for pennies on the dollar.
• 26:19
  SPEAKER_00: In 2000, there was the internet.
• 26:21
  SPEAKER_00: Everybody knew the internet could change everything, and they were right, it did, right?
• 26:24
  SPEAKER_00: We would not be here today.
• 26:26
  SPEAKER_00: But investors who bought the Nasdaq peak, well, the Nasdaq dropped 78%.
• 26:30
  SPEAKER_00: It took 15 years to go back to break-even.
• 26:33
  SPEAKER_00: Real technology each time, investment returns, not so real.
• 26:38
  SPEAKER_00: Because there was a difference between the technology would change the world and the stock is a good price.
• 26:44
  SPEAKER_00: I'm not saying AI is gonna crash tomorrow.
• 26:46
  SPEAKER_00: What I'm saying is stock valuations right now are at levels we have only seen a handful of times over the last hundred years.
• 26:52
  SPEAKER_00: They're paying prices that historically ended badly.
• 26:56
  SPEAKER_00: And a lot of the AI stuff is being done with debt, right?
• 26:58
  SPEAKER_00: Companies are borrowing billions and billions and billions and they're hoping it's gonna pay off.
• 27:04
  SPEAKER_00: Now, the central banks also said one more thing that doesn't make the media.
• 27:08
  SPEAKER_00: 80% of them said they have no plans to increase their stock exposure.
• 27:12
  SPEAKER_00: So these guys are not buying stocks.
• 27:13
  SPEAKER_00: They're not buying AI stocks, they're buying gold.
• 27:16
  SPEAKER_00: Now, does that mean gold's gonna go up by, you know, 100% next month?
• 27:20
  SPEAKER_00: No, it doesn't.
• 27:21
  SPEAKER_00: There are a bunch of factors here.
• 27:23
  SPEAKER_00: Yes, there's fundamental demand from the central banks, but they are also our friends, our hedge fund traders, our comex traders, and so on, who will ultimately control the short term or even the medium-term gold price and silver price and so on, because that's just how the world works.
• 27:38
  SPEAKER_00: So I'm not telling you to dump everything and buy gold, I'm not telling you to do anything at all.
• 27:42
  SPEAKER_00: Be incredibly irresponsible.
• 27:44
  SPEAKER_00: Uh, your situation is also different from a central bank because they could just print more money.
• 27:47
  SPEAKER_00: I just want to give you a simple framework to think this through.
• 27:51
  SPEAKER_00: So, why would you own gold?
• 27:54
  SPEAKER_00: That's something you're gonna want to answer.
• 27:55
  SPEAKER_00: Again, the document down below will help you answer that.
• 27:58
  SPEAKER_00: And then you want to choose how you own it.
• 28:00
  SPEAKER_00: There are three options: there's physical, the ETFs, they're gold miners.
• 28:05
  SPEAKER_00: And then we made a lot of money out of the gold miners last year from about April onwards, just look at the charts, and then from about August onwards, we made a lot of money on gold.
• 28:12
  SPEAKER_00: It was beautiful.
• 28:14
  SPEAKER_00: But we sold the gold miners, right?
• 28:16
  SPEAKER_00: Because we made money and then the money left the building, and we left the building with the money.
• 28:21
  SPEAKER_00: And then, three, think about what are you protecting against?
• 28:24
  SPEAKER_00: If you're worried about the dollar losing value, if you're worried about a stock crash, if you're worried about just the world, you're buying this as insurance.
• 28:32
  SPEAKER_00: But do you need it to live?
• 28:35
  SPEAKER_00: I mean, do you need to sell some of it?
• 28:36
  SPEAKER_00: Do you how liquid do you need to be?
• 28:38
  SPEAKER_00: What's your time horizon?
• 28:39
  SPEAKER_00: That sort of thing.
• 28:40
  SPEAKER_00: That's very, very important.
• 28:41
  SPEAKER_00: And then you've got to decide on an allocation, right?
• 28:44
  SPEAKER_00: Um, traditional portfolio theory is five to 10% in gold.
• 28:47
  SPEAKER_00: Uh, some people are now app that number.
• 28:49
  SPEAKER_00: So if you have zero exposure to gold, it might be something to look at.
• 28:53
  SPEAKER_00: But it is a very, very long-term asset.
• 28:55
  SPEAKER_00: It is something that could underperform the market for years and years and years because it has no earnings, it doesn't invent chips, it doesn't do anything exciting really that catches the headlines until Wall Street money decides that they actually want to buy it, which is typically the moment when I like to buy these things, at least the miners.
• 29:09
  SPEAKER_00: So we learned a framework yesterday, right?
• 29:12
  SPEAKER_00: The correction was noise, the speculators left the building, the structure demand is still there, but it still means gold can go down.
• 29:19
  SPEAKER_00: And it sounds frustrating.
• 29:20
  SPEAKER_00: So if you want to really, really learn that framework in a lot more detail so you can make better decisions whether you know I'm telling you what I'm thinking that that day or or not, then join me on Saturday.
• 29:33
  SPEAKER_00: We're going to be doing a special session here in New York just before I hop on a plane because I think where we are right now, people are so confused.
• 29:39
  SPEAKER_00: I met some of you as well this week, and uh everyone's just like, well, what do I do?
• 29:43
  SPEAKER_00: The world's changed.
• 29:44
  SPEAKER_00: I'm confused.
• 29:44
  SPEAKER_00: I need I need a plan.
• 29:46
  SPEAKER_00: So let us give you a plan on Saturday at FelixFriends.org slash, sorry, at 90dayplaybook.org.
• 29:54
  SPEAKER_00: Grab yourself a free ticket.
• 29:56
  SPEAKER_00: I'm gonna enjoy this really glorious city.
• 29:58
  SPEAKER_00: And I must say, I think New York gets maligned um very unfairly.
• 30:02
  SPEAKER_00: I was expecting um the city to be, you know, piled up in trash and people who want to kill you at every block.
• 30:09
  SPEAKER_00: And it's the exact opposite, it's true.
• 30:11
  SPEAKER_00: It's absolutely beautiful, people are lovely, um, except for the half of people who seem to need anger management.
• 30:16
  SPEAKER_00: Uh, but that's also kind of amusing, and it's just amazing.
• 30:19
  SPEAKER_00: And the weather is glorious.
• 30:20
  SPEAKER_00: And uh, we're gonna have a beautiful day here and a beautiful few days here in New York.
• 30:24
  SPEAKER_00: Enjoy it, eat lots of things, buy stuff, you know, help pump up that economy of yours.
• 30:28
  SPEAKER_00: Apparently, you need it.
• 30:30
  SPEAKER_00: And I wish you tremendous success.
• 30:32
  SPEAKER_00: And I hope to see you on Saturday.
• 30:33
  SPEAKER_00: If I'm gonna see you there, right, show up in the comments.
• 30:36
  SPEAKER_00: All the best.