Comments by "Andy Hughes" (@andyhughes1776) on "Kitco NEWS" channel.

  1. This is why when you buy gold, you MUST have it in your hands and not a certificate. I guarantee you that if every gold buyer insists on receiving physical gold, there would not be enough to hand it to them. Just like if everyone goes to the bank to withdraw all their cash, there wouldn't be enough cash to give it to them.
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  2. @poppypottschannel  I wrote this post a year ago and look how true it turned out now with the Silicon Valley Bank and others failing! With such bank failures, how can people get money to pay their bills if they can't even take gold out to use it?
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  3. How much do you want to bet that the U.S. will launch military actions at key locations in BRICS countries to disrupt the de-dollarization date of March 2024?
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  4. Tiger or PAPER tiger?
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  5. Few people realize that all the gold ever mined worldwide throughout human history would fit inside 3 Olympic size swimming pools - that's it! So how could such little gold supply have enough value to support all the currencies in the world? That is why gold cannot back the value of any currency today with 7+ billion people. As a result,, any gold you buy short of taking physical possession of that gold (assuming it's real gold and not fake gold alloy) would be inflated. Hence, we are back to square one - each currency denomination is worth next to nothing if backed by gold.
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  6. If you already have money in gold, BTC, and other investments he said will go down, then you think he's wrong.
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  7. @annabellelee4535  True, but their arrogance will cause them to act...and ultimately lose, just like they have lost in Ukraine and so many other places. I wouldn't be surprised if it leads to WWIII as they take their last breath. Desperate people do desperate things!
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  8. Bubbles formed because our economy is full of hot air. It is not based on anything tangible such as manufacturing physical objects that people can use. Indeed, notice that ever since the U.S. moved all factories overseas, bubbles formed from high tech to housing.
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  9. Gold CANNOT be used as currency anymore because 1 oz is now >$1,800. How are you going to buy, say, groceries with that? Also, there is not enough gold in the world to back any currency in a meaningful way. Did you know that the total amount of gold ever mined since the beginning of human civilization is 244,000 metric tons. That would only fill 4.5 two car garages. That's it! Now try to divide that to cover the wealth of 7.9 billion people in the world today. Most would starve to death. Concerning silver, it will also go down because everytime there is a recession, less industrial activities result which means less demand for silver (silver is used in many industrial applications). The Fiat currency is not going anywhere anytime soon. If it is truly in danger of being replaced, you can bet that the government would've illegalize its competition already.
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  10. Which will all lead to WWIII. It's much easier to convince hungry people to go fight a war than to convince people who are full. The U.S. Navy recently offered $25k bonus for recruits to enter Basic Training by end of June. Why in such a hurry to get them in by then? Are they planning some military action this summer?
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  11. It's not China's strategy to take over the world? Is this guy smoking some bad stuff or did the CCP pay him to say that? What does he call the Belt and Road initiative? What does he call Chinese Island building all over the Pacific? China is very close to kicking the U.S. off the #1 global economic spot. That is why the U.S. is decoupling from China right now. War is also a possibility too (look at U.S. Naval armada being built up in the South China Sea for months now!)
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