Must Watch - China Buying World's Gold - Mike Maloney

- Demographics as an economic driver of deflation
- The latest nail in the coffin for the US Dollar Standard
- USA's swing toward socialism
- Welfare pressures
- Real Estate Bubble 2.0
- China
- Economic Freedom, and more.

Who do you think is winning the currency wars?

[Goldsilver]

Who do you think is winning the currency wars? Comments below...

[UltimateBargains]

China, just like all other governments, won't give up fiat currency, because of the awesome power and control over the populace. Only when the population itself starts using gold & silver for buying & selling goods and services will the era of fiat currency come to an end. Expect governments to use their guns to prevent this from happening.

[gunnarswanson]

Thanks for all your video Mike! Please keep them coming!

[tristanquintus]

Thanks Mike, please continue producing your high quality videos.

[AllTotalCoaching]

Again thank you Mike great work keep it up

[oxidemm]

Is this video being censored? I cannot get it to play!

[FrancoisCarpentier]

According to Trent, to put it simply, people didn’t switch to gold as a means of exchange when things got bad. Instead, they switched to bartering for the stuff people actually needed: food, clothing, shelter, cutlery, and so on.

Gold wasn’t used as a means of exchange because gold is not something people need on a day to day basis. Food is. Potable water is. Clothing is. Shelter is. Repair skills are. Gold is not.

If you want to “hedge” against some sort of imagined financial apocalypse based on a very negative view of the future, don’t use gold as that hedge. Instead, spend your time building skills. Store up some dry food in your basement. Set up a generator. Become as self-sufficient as you can. These things will help you whether “financial apocalypse” happens or not.

[cherrypickerguitars]

Thanks Mike! Thank God you're of Irish descent 'cuase I love you like a father!

[Raku]

I would be curious about a similar chart for what China is doing with silver.

[MrDiscreet]

When will I ever learn and gain full respect for the seriousness of this issue and address it with full action now.

[sweetmaanu]

I don't think it is true that China not exporting any of their gold 1:03
 "Chinese Panda Silver Series" are from China

[Overbelaste_Belastingbetaler]

Can I have the picture at 2:14, I want to use it as a wallpaper

[notinfoilplease]

I agree with China - Now is the time to start stockpiling commodities. 

[Yates__]

why do i have chinese gold coins if they don't export any gold??

[nocsm]

Thanks for posting Mike! I understand that gold and silver are highly correlated, but it concerns me that you dont provide as much information/data on silver.

So, are the Chinese people/government buying as silver? You would think that there would be more accumulation of silver because it is more affordable for the majority of Chinese in poverty.

I appreciate any response.

[spiritnexus]

Lead and brass are the best metal investments. 

[玄龙千风]

Chinese mama can make gold as toilet paper :P

[danbaldwin]

New precious metal is 22 caliber long rifle ammo. What other investment is up 100% in a year?

[DaveZiffer]

I have just one argument against stacking, but I think it's a good one. If gold gets revalued to anywhere near the price required to effectively "back" all the dollars that are out there (I estimate $40, 000/oz) then the government isn't going to sit still for the enrichment (in dollars) of those who have the goods. It will issue a modern version of FDR's executive order outlawing gold ownership. Following that, any attempt to trade your gold will result in a possible $250K fine (FDR's fine adjusted for inflation) and/or 10 years in prison. So what will be the point of gold ownership when the risks will be that high?

[MUDSWAT]

I loved your comment that we "do" have 2 world currencies. Why are our leaders selling all our Gold? Because the price is high or we need the money?  Its my Gold and I want it back in our vaults ! They better get it back !!