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.

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
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.

SUBSCRIBE to our channel to stay up to date on the latest market and industry news.



Stay connected:




Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

[DonaldMark-nese]

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

[Dantursi]

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.

[PremSteve-ygde]

Gold and Silver are "outside the system" savings accounts for me and only buy on huge dips like we have seen recently. Buying Gold and Silver keeps me from spending money on silly and unnecessary purchases. Holding physical Gold and Silver allows me to quickly pull in emergency needs and sell at my LCS and walk away with cash when needed. Not looking for it to moon and get rich off the purchases

[bernardwright]

One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree—it can withstand storms and still grow strong

[barryfitzgerald]

Gold is not going up in value, the USD is going down.

[SamMiller-xf]

In "The Great Depression 1.0" the U.S.A. had only a fraction of the debt. Their entire manufacturing bade was intact and growing. Now 95% of their manufacturing base is gone and getting worse. The debt is now so high it's incomprehensible. Big surprises coming up!😢

[georgeschlereth]

It's over folks cc debt bad, housing in Florida taking a beating, ,worst inflation in history, ,,and several wars going on, ,,,We are in trouble but we all knew it was comming

[anthonysodaro]

Why this could be worse??? Maybe, because we are hundreds of times deeper in

[DenisDeCharmoy-flht]

The US dollar value is going down. Shalom

[BrooksHuard]

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?

[killerbloc]

WW3 is the component nobody is considering right now in their forecasts.

[NathanTill]

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

[localg]

A possible slow down in the economy? What planet do you live on? How long do you think the government could continue government employees? This is the beginning of the crash.

[BrandyHeng]

WW3 breaking out, World Stock Market crashing, obliviously, Gold and Silver is the best assets to own.

[BrooksHuard]

Unimantic's platform is definitely catching my attention, I'll be looking into them further.

[gsikorski]

Congrats to all professionals that predicted sht hitting the fan. Including Mike. 👏🏻👏🏻👏🏻

[SlobberySlob]

Mike is intense on a deflation replay like 2005 to 2008.
China is definately undergoing this which are why commodities are tanking. But unlike 2008, 1929 the fed now has a hair trigger response with huge qe, inflation and money printing tools to bail out assets falling whatever the cost to the rest of us.

[Zach-lsif]

I just can’t take any of these videos seriously anymore, after ten years of them saying the same thing

[torceridaho]

McGlone is a gift for us average investors. Thanks, Mike

[chriswrerup]

Mike is always solid and on point. Great guest.