If you’ve been paying attention the past 2-3 weeks, you know Gold and Silver are absolutely going WILD, making new all-time highs on a nearly daily basis.

But do you know WHY?

The boys over at the ALL IN podcast just did an excellent analysis of all the factors causing Gold and Silver to soar right now and I wanted to show it to you.

SPOILER ALERT: none of these factors are going away any time soon, and in fact they’re only going to ratchet up.

Watch this short clip here:

TRANSCRIPT:

Jason:

All right, everybody. Gold rally is off the charts. Shout out to our friend Vinny Lingham who told us about this from the last year or two. Jeez, it just broke 4,000 for the first time ever this week, up over 50% for the year — gold outpacing Bitcoin, which is up 30% itself, and all the other major indices.

NASDAQ’s up 19% in the same time period, S&P 14, down 9 percent. Silver is surging even more than gold. There might be some utilization reasons for that. Silver gets used in a lot of different components, whereas gold very rarely does.

At the same time, the U.S. dollar is down 8 percent year to date. Here’s a chart from our friends over at Visual Capitalist about gold versus U.S. Treasury — something we talked about here. Chamath, you wanna take this and then we’ll go to Brad? What are we seeing here with gold? Or is this like a safety trade?

Is this an anti-USD trade? What’s behind this? Too much money supply? What’s happening?

Chamath:

No. This is just people confusing correlation and causation and making stuff up to look smart. Why is gold up? Gold is up because there are many more net new buyers. Who is the most important net new buyer?

It’s Tether. Tether has been issuing a stable coin called Tether Gold, where they’ll actually custody the gold on your behalf, and the amount and volumes of it are rising. At the same time, central banks are rebalancing.

And then yet at the same time, you have a lot of macro funds that have essentially decided that central banks aren’t to be trusted and they don’t know what to do. So they’re not necessarily long bonds, they’re not necessarily long currencies, and so they’re long gold.

So I think it’s a mixture of things. There’s no panacea explanation, but if you had to put it into a couple buckets, it’s net new speculation, net new stablecoin-related issuance, and a loss of confidence in central bank policy around the world.

Jason:

And this is, in some ways, a good backstop, Brad, for governments maybe to stop spending and maybe a little austerity. You called austerity in the tech industry in 2021 — thanks for that. I bought a bunch of stocks that went all in on Facebook and a bunch of other ones when you were talking about this.

Also, China seems to be flipping into gold too. I’ve been reading about that. So what’s your take, Brad?

Brad:

Yeah, I mean, listen, there’s one camp that says this is all because the world is falling apart and we’re all panicked about global governments’ balance sheets. I think that’s part of it, but I think Chamath nailed it, right?

You’ve got a total change in the new demand picture for gold, right, as evidenced by — we have a Bitcoin of gold, BTC, you know, Bitcoin, but we also have it in the form of Tether, right? You’re now going to allow people to have exposure to the actual underlying gold by buying a crypto asset.

So you have new demand for it, you do have people concerned about the state of the world, but it’s always been a speculative asset plus a store of value, right? And I’ve got a couple charts here — you can throw them up if you want. One is simply looking at the correlation with the S&P 500 over the last 10 years, and the other one’s looking at it with U.S. debt.

And I’ll admit, it’s probably chart crime. I’ll go back to what Chamath said — I can make up any story I want to make. It tracks the growth in U.S. debt, it tracks the growth in risk assets in the S&P 500.

The fact of the matter is, it’s a combination of all of these things, and hats off to the people who are up 50% this year on gold.

Jason:

All right, so that’s simple. Sacks, anything you wanted?

Sacks:

There is one other big factor. I mean, maybe Chamath mentioned this, but China’s central bank has been increasing its gold reserves for 11 consecutive months. They added 40,000 ounces in September alone.

As of the end of September, China’s gold reserves totaled 74 million ounces valued at 283 billion. So they’ve been gradually substituting away from U.S. dollars and U.S. Treasuries toward gold.

And some of this is geopolitical. China is our chief competitor in the world — they probably don’t want to be dependent on the dollar and U.S. Treasury, so they’re diversifying away. Also, you can’t forget that this trend really started during the Biden administration with the Ukraine war.

Because the Biden administration used the U.S. dollar as basically a geopolitical weapon — they cut off access to SWIFT, they froze Russian assets in the banking system. And so a lot of countries looked at that and went, “Oh, jeez, if I’m totally reliant on the U.S. dollar complex, then I can be on the receiving end of U.S. foreign policy that I don’t like.”

And so it was, I think, pretty natural that the BRICS countries would look at that and start to develop alternatives. And just by the way, when the BRICS talk about this currency that they’re going to develop, they’re not talking about a man-on-the-street type of currency.

The best guess about what they’re going to do is it’ll be some sort of gold-backed certificates where they can settle up huge international trade flows using gold certificates. So that might be part of what’s driving this as well.

Backup video here if needed:

But it’s not just Gold…

It’s Silver too and perhaps even more-so than Gold.

Here’s why:

HISTORIC: Silver Breaks Above $51, Trades In Totally Uncharted Waters!

Silver just made history today, trading not just above $50 but above $51 during the day today!

I had to put a picture of Bo Polny up above because Bo has been telling us this was coming for YEARS!

When Bo first started coming on my show, Silver was trading in the low $20 range and people would laugh at Bo and laugh at me for having Bo on the show saying Silver would never go above $30 -- and if it did it would never go above $40 -- and $50 was just stupid.

Well, I guess it's not so stupid anymore.

Silver went as high at $51.20 earlier this morning:

And just as Bo has been telling us, this is the BEGINNING not the end.

Bo has consistently said that $50 would be the launching pad where we would really blast off to much higher levels, likely over $200 soon:

I believe that soon we will see $5-10 moves PER DAY and that will start to become common.

Wow, what a wild time to be alive!

First though, there will be a little battle at $50.

As Bo says, $50 is the launching pad but what happens when a rocket launches?  A lot of fire, smoke and shaking!

So get ready for a fight at $50 for a bit here before we cleanly clear it:

The bankers tried HARD to slam it down today after it crossed $51 and the best they could do was to get it down to the low $49 range.

In other words, not much success for the banks!

This thing is gonna blow soon -- in my humble, not-financial-advice opinion!

Folks, if you want in you still have time but the window is closing.

And I can hook you up!

There are two (and only two) companies I am proud to partner up with....

I have two killer connections for you...

1⃣ The first is for purchasing gold and silver bullion, bars and/or coins.

You may recognize Andy Schectman from Miles Franklin.

He's prolific on YouTube and just a brilliant guy, I've followed him for years.

I've partnered up with Andy's company, Miles Franklin, and I'm really excited to show you what they can do!

In fact, Andy's going to be coming on my show, the Daily Truth Report (follow us on YouTube and Rumble) in the future, and you're going to want to make sure you don't miss those.

Andy is a wealth of knowledge about the precious metals markets and crypto, and I've covered him here many times in the past.

Now I'll get to chat with him myself, and I'm really looking forward to it.

I'm spoken directly with Andy and his team and they have assured me they will take very good care of anyone in the WLT Report family (that's you!).

At Miles Franklin, everyone gets personal attention from their team of brokers and you'll get whatever level of hand-holding you prefer.  They'll also customize a deal just for you, but you have to call them and tell them NOAH sent you!  They'll handle it from there.  1-952-929-7006

There is no minimum order size and no maximum limit.

I think you'll love working with them, I already do!

You can reach them at 1-952-929-7006 and make sure you let them know that Noah sent you over, they've promised me the best of the best service and pricing for everyone in the WLT Report family.  🙌

(You can visit their website too, but best pricing is by phone)

equally great company, I am so happy to be working with these guys is Genesis Gold.

This is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).

You know what the beauty of that is?

Two huge benefits actually...

First is TAX FREE baby!

I'm not a tax advisor, but that's a general oversimplification.

Never pay more taxes than you are legally required to pay.

And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).

Second is if you simply shift money out of stocks (like Peter Schiff recommends) and into Gold, it won't cost you anything!  No money out of pocket!  

BOOM!

There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!

They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:

Wealth Preservation With Gold & Silver –
The Genesis Gold IRA

By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4

Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.

Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.

Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.

With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.

Sincerely,

Genesis Gold Group

Empowering Faith-Driven Stewardship

Oh....and they're VERY good at what they do.

You also get physical gold and silver with Genesis, believe it or not!  The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!

I love what these guys are doing.

Here's more on why gold and silver in your IRA are so powerful:

You can contact Genesis Gold here.

They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!

Tell 'em Noah sent ya!

Oh, and did you know Genesis is recommended by SUPERMAN himself?

It's true.

Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:

Watch here:

Stay safe!

 

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