Gold Price Today

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Interest and fractional reserve banking are two concepts that are closely related and have significant implications for the economy and the financial system. In this video, the speaker explains how these concepts work and why they are harmful and unjust.


Fractional reserve banking is a system in which banks only keep a fraction of their deposits as reserves and lend out the rest to other customers. This process creates money out of debt and expands the money supply.


For example, if a bank has a 10% reserve requirement and receives a $100,000 deposit, it can lend out $90,000 to another customer, who then deposits it in another bank, which can lend out $81,000, and so on.

This way, the initial deposit can create up to $900,000 of new money in the system.


However, this system also creates interest, which is the cost of borrowing money. Interest is charged by banks to borrowers and paid by banks to depositors.

Interest is also a tool of enslavement, according to the speaker, because it forces people to work harder and longer to pay back money that does not exist.


He argues that interest is never created in the system, only the principal amount of the loans. Therefore, there is always more debt than money in the system, and some people will inevitably default or go bankrupt.

He also claims that interest is evil and against God's will, as stated in the Bible. He says that interest devalues people's time and labor and enriches the ruling class at the expense of the common man.

He says that interest creates competition and scarcity among people who are fighting for limited resources to pay back their debts.

He also criticizes the role of the Federal Reserve, which is the central bank of the United States. He says that the Federal Reserve is a private institution that prints money and lends it to the government in exchange for bonds.

He says that this creates more debt and interest for the government and the taxpayers. He also says that the Federal Reserve manipulates interest rates to control the economy and inflation.

He warns that the current system of fractional reserve banking and interest is unsustainable and doomed to collapse.

He says that since March 2020, the Federal Reserve has reduced the reserve requirement for banks to zero, meaning they can lend out all their deposits without keeping any reserves.

He also says that some sources claim that fractional reserve banking has been replaced by credit creation, where banks create money out of thin air without any deposits.

He predicts that these actions will lead to hyperinflation, where prices rise rapidly and money loses its value.

He also predicts that there will be mass defaults, bankruptcies and failures among people who cannot pay back their debts or afford their living expenses.

He says that this will be a different scenario than previous crises, such as the 2008 financial crisis or the Weimar Republic hyperinflation.

He advises people to invest in gold and silver as a hedge against inflation and currency devaluation. He says that gold and silver are sound money that cannot be created or manipulated by governments or banks.

He says that gold and silver will be the money of the people in the future and that people will recognize their value.

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• Silver is a precious metal that has a high demand from both the investment and industrial sectors, especially for its use in solar panels, electric vehicles and other green technologies.

• Silver supply is facing pressure from unprecedented demand, market conditions, recycling challenges and silver thrifting (reducing the amount of silver used in products).

• Silver prices are expected to rise as demand outstrips supply and as green energy transitions intensify the need for silver.

• Silver has no substitutes that can match its performance and quality in terms of electrical conductivity, thermal conductivity and light sensitivity.

Details

• In 2020, 11% of total silver supply (about 100 millionOz) went to solar energy demand.

• By 2050, solar energy demand could reach 50% of total silver demand (about 500 millionOz).

• The global silver reserves are estimated at 550k mt, with Peru, Australia and Poland having the largest reserves.

• The global silver mine production was about 25k mt in 2020, with Mexico being the largest producer.

• The global silver demand was about 1.03 billionOz in 2020, with industrial demand accounting for about half of it.

• Photovoltaic (PV) cells in solar panels that convert sunlight into electricity.

• Silver lithium-ion batteries that power electric vehicles and other devices.

• Silver nanoparticles that have antibacterial properties and are used in medical applications.

• Silver coins and bars that are used as a store of value and a hedge against inflation.

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• The video provides some examples of silver coins that are prone to milk spots, such as American Silver Eagles, Canadian Maple Leafs, Chinese Silver Pandas and British Britannias.

• The video also provides some statistics on silver supply and demand, such as:

• The global silver reserves are estimated at 550k mt, with Peru, Australia and Poland having the largest reserves.

• The global silver mine production was about 25k mt in 2020, with Mexico being the largest producer.

• The global silver demand was about 1.03 billion Oz in 2020, with industrial demand accounting for about half of it.

• The video also gives some insights and opinions from the coin shop owners, such as:

• They have seen an increase in demand for silver coins from new customers who want to get out of paper money and into hard assets.

• They have seen a decrease in supply for junk silver (90% constitutional) coins that have not been minted since 1964 and are becoming scarce.

• They have seen some people sell their gold coins at near-peak prices for various reasons, such as buying a house or timing the market.

• They do not make a distinction between milk spotted and unspotted silver coins when buying or selling them, as they are still an ounce of silver.

• They advise people to be cautious when cashing out their paper assets for metals, as they may incur taxes and penalties.

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The video is about the US dollar and its role as the world's reserve currency.

It argues that the dollar standard is coming to an end due to various factors, such as bilateral trade agreements, gold accumulation, and currency printing by the Federal Reserve.

It also warns that this will have a huge impact on the global economy and wealth distribution.

The video begins by explaining that the US dollar is the dominant currency in the world, accounting for about 60% of the value of all the currency on the planet.

It also states that more than half of the dollars reside outside the United States, and that every country has US dollars because they are used as a reserve currency by central banks and as a medium of exchange for oil.

The video then lists several countries that are avoiding the US dollar in trade, either by holding each other's currency, creating their own settlement systems, or using gold or commodities instead.

It also mentions some countries that have faced sanctions or interventions by the US for trying to sell oil in other currencies.

The video then presents a timeline of what it calls "the nails in the coffin for the dollar standard", starting from 1971 when President Nixon ended Bretton Woods and ending with 2023 when the Federal Reserve is increasing the rate of printing money.

It claims that these events show that the death of the dollar is coming soon and that they are happening faster and more frequently.

The video then shows some graphs and data on how China is accumulating gold and getting rid of US Treasury bonds, suggesting that China is preparing for a new monetary system that might be backed by gold.

It also says that other countries are repatriating their gold from foreign banks or demanding to do so.

The video concludes by saying that this is not going to be pretty when it happens, and that it will affect everyone whether they want to participate or not.

It says that people who are holding paper assets and paper currencies are betting one direction, while people who are holding gold and physical assets are betting the opposite direction.

It advises people to act quickly before the opportunity is gone.

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• The author introduces himself as Mike Maloney from GoldSilver.com, a company that sells gold and silver coins and bars.

• He thanks Adam for organizing the seminar and says he has a presentation that he thinks the audience will enjoy.

• He says he will show the scale of all the bubbles that are out there and that we have been in the bubble century and people think it's normal.

• He says that the markets and real estate have a lot further to go to crash, not just 20% or 50%, but a lot worse than that.

Banking structure and crisis

• The author shows a chart of the unrealized gains or losses on investment securities at all FDIC banks in total, which are US Treasuries and mortgage backed securities.

• He says that with Powell's rate increases, it has caused losses of $675 billion, compared to $75 billion in 2008.

• He cites a report by PhD economists that says that the banking system's market value of assets is $2 trillion lower than suggested by their book value, meaning that they are overvalued by 10% on average, with some banks being worse than others.

• He says that there are potentially 500 banks that have worse balance sheets than Silicon Valley Bank (SVB), which failed in 2008, and 50 banks that have lower capitalization and more uninsured funding than SVB.

• He says that he is not saying this is going to happen, but there is potentially this wave of bank failures coming.

Financial crisis of 2008

• The author reviews the timeline of events that led to the financial crisis of 2008, starting from April 2007 with New Century Financial's bankruptcy, to October 2008 with Fed's Troubled Asset Relief Program (TARP) that committed $700 billion in taxpayer funds to bail out banks.

• He says that these events were not accidents or annoyances, but canaries in the coal mine that showed that there was something genuinely wrong in the whole financial sector.

• He says that these events were also inflection points that accelerated the crisis and made it worse each time.

Case for gold and silver
• The author says that he will make an airtight case for gold and silver as a hedge against inflation and currency devaluation.

• He says that he has written a book called The Great Gold and Silver Rush of the 21st Century, where he explains his arguments in detail.

• He says that he will show some charts and graphs that illustrate his points, such as how gold has outperformed stocks since 2000, how silver has more upside potential than gold, how fiat currencies lose value over time, how central banks manipulate interest rates and money supply, how debt levels are unsustainable, how demographics affect economic growth, how commodities cycles affect prices, how geopolitics affect markets, etc.

Conclusion

• The author concludes his presentation by summarizing his main points and arguments:

• We are living in a bubble century where people think it's normal to have inflated asset prices and debt levels

• The banking system is overvalued and vulnerable to interest rate increases and defaults

• The financial crisis of 2008 was not an isolated event but a symptom of a deeper

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This video is an interview with Harry and Adrian, the owners of Harry's Coin Shop in Beaverton, Oregon.

The interviewer asks them about their coin shop, their customers, and their views on gold and silver as a way to preserve wealth. The article covers various topics such as:

• The types of coins and bullion they sell and buy, including constitutional silver, generic rounds, Eagles, Krugerrands, pre-33 gold, ancient coins, world coins, and paper currency.

• The supply and demand situation for gold and silver, especially after a bank failure in Turkey that sparked a surge in buying.

• The different reasons why people buy gold and silver, such as fear of the future, bartering needs, portfolio diversification, or hobby interest.

• The advice they give to new stackers or investors, such as getting an education, understanding their goals, and not being in a hurry.

• The craziest coin they have seen come through their doors: a 1915 Pan Pacific octagonal gold coin worth over $60,000.

This video concludes with the interviewer praising Harry and Adrian for their service to the community and their passion for their work.

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The video begins by explaining that the phrase "get ready for hard times" is not meant to be ominous or pessimistic, but rather a way of planning ahead and taking control of what you can do in case of an emergency.

The content creator then states that if you watch precious metals content on YouTube, you are likely to hear many scary stories about banks collapsing, dollars becoming worthless, or other countries threatening your wealth.

However, he argues that most of these stories are not based on evidence or reason, and they do not offer any practical solutions for what to do about them.

He then proceeds to share his own plan and strategy for buying gold and silver, which he says is based on his own research and experience.

He says that his initial plan was to buy a quarter ounce of gold a month for eight years, which gave him 3oz of gold as an emergency fund after one year, and 24oz of gold as a backup income for two years after eight years.

He says that he has increased his goals over time, but he still follows the same basic principles of having a plan, being disciplined, getting started, and focusing on what he can control.

He also discusses the different options for buying gold and silver coins and bullion, such as constitutional silver, generic rounds, Eagles, Krugerrands, pre-33 gold, ancient coins, world coins, paper currency, etc.

He explains the pros and cons of each option, such as the premium, the liquidity, the size, the purity, etc. He says that he prefers Eagles and buffaloes for their popularity and ease of selling, but he also has some fun stuff that he likes.

He advises new stackers or investors to figure out their budget, their goals, their preferences, and their sources before jumping in.

He then talks about the challenges of finding reliable information and avoiding distractions and anxiety in the current news cycle.

He says that there are many sources that try to scare people into buying gold and silver without providing any evidence or solutions.

He says that he tries to tune out these sources and focus on his own plan and progress. He also recommends reading some stoic philosophy to learn how to live well with what you have in your power to control.

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Silicon Valley Bank (SVB) was a major commercial bank in the United States that specialized in serving venture-backed technology and life science companies.

It was founded in 1983 and had over $209 billion in assets by the end of 2022. However, in March 2023, the bank collapsed and was shut down by federal regulators, triggering a financial crisis that affected thousands of businesses and investors.

The main cause of the bank's failure was its risky investment strategy that relied heavily on long-term bonds. These bonds lost value when interest rates rose sharply in late 2021 and early 2022, due to high inflation and the Federal Reserve's policy response.

SVB suffered huge losses on its bond portfolio and faced a liquidity crunch as its depositors withdrew their money en masse.

The bank's management was also accused of fraud, mismanagement and lobbying to weaken the regulations that could have prevented the collapse.
The bank's regulator, the California Department of Financial Protection and Innovation, was criticized for failing to supervise the bank adequately and intervene in time. Social media also played a role in spreading rumors and panic among the bank's customers and investors.

The collapse of SVB had widespread consequences for the economy and the financial system. It was the largest bank failure since 2008 and the second largest in history. It caused another regional bank, Signature Bank, to fail as well.

It also disrupted the operations of many tech companies and startups that relied on SVB for banking services. Some of them had to lay off workers, delay payments or seek alternative funding sources.

The federal government stepped in to guarantee all deposits at SVB, even those above the $250,000 limit insured by the Federal Deposit Insurance Corporation (FDIC).

It also launched an investigation into the causes and responsibilities of the collapse. The Federal Reserve implemented measures to restore confidence and stability in the banking system, such as injecting liquidity, lowering interest rates and launching a Bank Term Funding Program.

In late March 2023, First Citizens Bank agreed to buy all deposits and loans of SVB from the FDIC, as well as some other assets. The deal was expected to close by June 2023.

First Citizens Bank said it would continue to serve SVB's clients and expand its presence in the tech sector.

The collapse of SVB was a shocking and unprecedented event that exposed the vulnerabilities and risks of the banking industry. It also raised questions about the role and regulation of fintech companies that compete with traditional banks.

It highlighted the need for more oversight, transparency and accountability in the financial system.

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Gold Coins Vs. Gold Bars;

Gold bars and gold coins are two popular forms of investing in physical gold. Both have their advantages and disadvantages, depending on the goals and preferences of the gold buyer.

Here are some of the main factors to consider when choosing between gold bars and gold coins:

• Price: Gold bars typically have lower premiums than gold coins, meaning they cost less per ounce or gram of gold. This is because gold bars are cheaper and easier to produce than gold coins, which are minted and carry a legal tender face value.

Gold bars also come in larger sizes, which can reduce the fabrication costs per unit of weight. However, gold coins may have more resale value than gold bars, especially if they are rare, collectible or have a high demand in certain markets.

• Guarantee: Both government mints and private mints guarantee the weight and purity of their gold bars and gold coins. However, some gold buyers may prefer government-backed coins over privately-made bars, as they have more legal protection and recognition.

For example, the US Secret Service helps to prevent counterfeiting of US Mint gold coins, while the IRS does not require reporting of certain government-issued gold coins when sold to dealers.

On the other hand, some private mints may offer more security features or innovative designs on their gold bars than government mints.

• Purity: Most gold bars and gold coins are made with 99.9% pure gold (24 karats) or higher. However, some exceptions exist, such as the American Gold Eagle and the South African Krugerrand, which are 22 karats (91.67% pure) and contain some copper and silver to increase their durability.

Some buyers may prefer pure gold for its aesthetic appeal or investment potential, while others may not mind some alloying metals for their practical benefits.

• Design: Gold coins generally have more elaborate and diverse designs than gold bars, which tend to be simple and generic. Gold coins often feature national symbols, historical figures or cultural motifs that reflect the identity and values of the issuing country.

Some gold coins also have different finishes, such as brilliant uncirculated (BU), proof or reverse proof, that enhance their appearance and quality.

Gold bars usually have only the brand name, weight, purity and serial number stamped on them, although some may have some security features or special shapes.

Some buyers may prefer gold coins for their artistic value or collectibility, while others may prefer gold bars for their simplicity or uniformity.

• Size: Gold bars come in a wide range of sizes, from 1 gram to 400 ounces or more. This allows buyers to choose the amount of gold that suits their budget and storage needs.

Gold coins also come in various sizes, from 1/20 ounce to 1 kilo or more, but they are more standardized and limited by the minting process.

Some common sizes for gold coins are 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce. Some buyers may prefer gold bars for their flexibility or affordability, while others may prefer gold coins for their convenience or divisibility.

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• The video shows various charts and data to illustrate the difference between paper and physical gold and silver, and the manipulation and risks involved in the paper markets. For example:

• The paper to silver ratio is over 385 to one, meaning that for every ounce of real silver produced in a year, there are 385 ounces of paper silver traded. This creates a huge discrepancy between the paper price and the physical price of silver.

• The registered stock of silver on the comex has been declining over the last few years, meaning that there is less silver available for delivery to those who hold contracts or promises. However, this does not affect the availability of physical silver for stackers who buy bullion directly from dealers or mints.

• The SLV ETF is supposed to hold one ounce of real silver in JPMorgan's vault for every share of paper silver that investors buy. However, there is no guarantee that this is true or that investors will ever be able to redeem their shares for real silver. Moreover, JPMorgan has been accused of manipulating the silver market for its own benefit.

• The video concludes by advising the viewers to buy physical precious metals, as they are real money and wealth, and avoid paper products that are just whispers of the real thing. Gold and silver are outside of the dollar and that inflationary system, and they have proven to be a store of value for thousands of years.

Conclusion

The video by Silver Dragons is a critique of a King World News article that claims there is no physical gold and silver available in any quantity.

The video argues that the article is misleading and confusing, as it refers to the paper markets of gold and silver, not the physical bullion that stackers buy.

The video shows various charts and data to illustrate the difference between paper and physical gold and silver, and the manipulation and risks involved in the paper markets. The video concludes by advising the viewers to buy physical precious metals, as they are real money and wealth, and avoid paper products that are just whispers of the real thing.