Gold to $3,000? Why This Could Be ‘Worse’ Than 2008 Financial Crisis – Mike McGlone
Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, to discuss the current market turbulence affecting global equities and commodities, with a particular focus on gold. McGlone draws comparisons between today’s market conditions and the global financial crisis, suggesting this period could potentially be worse. He advises caution against buying the dip in equities, highlighting the importance of understanding the ongoing ‘normal back and fill’ market corrections. McGlone also explains the relationship between gold and US Treasury yields, providing insights into why gold might emerge stronger in this environment.
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00:00 – Introduction and Market Turbulence Overview
01:15 – Global Financial Crisis Comparisons
02:28 – Market Volatility and Mean Reversion Insights
03:42 – Bitcoin as a Market Indicator
04:56 – Treasuries and the Flight to Safety
06:09 – Gold’s Current Stability and Future Projections
07:35 – Gold vs. Bitcoin: Store of Value Analysis
08:48 – Impact of Managed Money and ETF Flows on Gold
10:01 – Commodities and Deflationary Forces
11:15 – Long-term Investment Strategies for Gold and Treasuries
#Gold #MarketTurbulence #InvestmentStrategy #GlobalMarkets #FinancialCrisis #GoldPrice #TreasuryYields #Commodities #StockMarket #Bitcoin #Crypto #MarketAnalysis #KitcoNews #Investing #Economy #FedPolicy #MarketTrends #MikeMcGlone #JeremySzafron #FinancialNews
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41 Comments
We need Trump
i like mike
Congrats to all professionals that predicted sht hitting the fan. Including Mike. 👏🏻👏🏻👏🏻
print print print
Why bother trading or just holding onto coins when you can let Unimantic's top bots make money for you? Sounds like a better option, right?
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$3000😂. If dollar collapse how it could be $3000. Meaning there will be no true value to gold
I just can’t take any of these videos seriously anymore, after ten years of them saying the same thing
A no brainer. Add physical gold any time 2024 and keep for ten years or longer and you keep your wealth for generations. Probably not regarding the equity markets seen ten years ahead.
Mike is always solid and on point. Great guest.
Doom and gloom, we are all doomed war is coming, come on guys lighten up….
Thank you, Jeremy.
It's refreshing to hear a responsible person on your show.
Many other conspiracies are unappealing.
I appreciate rational individuals like Mike McGLONE
.Too many conspiracy theorists mislead your audience
You the man, McGlone!
last game left is print print print….
Everybody is bullish on gold, but somebody is dumping it like nobody's business for reasons we can only speculate.
GDP's already negative, the housing market's already crashing (see all-time high number of price reductions without any sales still), all-time consumer credit card debt, unemployment is skyrocketing and will surpass 2009's 10% peak. Homes and stocks will crash 60%. It's literally 3rd grade math. It was always inevitable. Already seeing it in every single asset class other than the Crypto market ….I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin….I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
A physical store of value unlike the digital non existent nothingness that relies on speculation and talk
> When you hear everybody say "Buy the dip" with the S&P 500 well above its 200 DMA, ignore them. < You can also ignore this speaker, who is unaware that there is no predictive power to moving average crossovers (Journal of Finance, 1987, plus other more recent refereed articles in statistical publications).
Africa under Ibrahim Traore, bans export of Gold…. while the US dollar is looking like its rapidly rejected, and becoming a liability. Malaysia is already applying for BRICS entry, a system that brought back Gold! A year prior, more countries have repatriated their gold from the US.
Not a fan of gold as only way to get leverage is through miners, and they suck and they crash with the rest of the market. I am all in bonds, long duration bonds.
Looks like they couldn’t stop the dam from busting before the election.
1:43 "CHN facing a severe recession or maybe depression"?? CHN economic growth is over 5% whereas the US is on the brink of a recession, if not already in recession. $35Trillion in debt and growing $1Trillion every 100 days is NOT sustainable.
You can not control T-Bonds The Government can confiscate Gold 🥇 you can make invisible if they try to confiscate imo
How about gold stocks?
Why would concerns over a slowdown in economy drive the gold price lower? Doesn’t gold like that?
During the Great Depression gold stocks did extremely well as opposed to almost anything else!
How about gold stocks?
Gold $3k when?
When will gold takw off?
Gold is not an investment, it’s to hedge against inflation.
7% interest is very low, we need asset prices to come down
A ponzi scheme built on a house of cards .USA ecemomy
I still prefer my Bitcoin.
Gold will hit 1,500 most likely
👍👍
Of course the market back up now, not much to see here😊
Could be?!😂😂😂😂😂😂😂😂
Gold is stable actually..didnt crash at all
I always like to hear from this guy, i see him on other channels but you should have him on more. He speaks his book and there is no over the top exposition, he is direct as he can be.
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
Why should anybody buy Gold in a deflationary period as you say ??? Makes no sense, you'll get hammered 😂 In that case you just sit in long USD bonds, they are going to appreciate and so is the dollar