Gold Price Being Manipulated, Should Be $2,900 – Keiser UNCENSORED (Part 2)

last time you were on I remembered one thing you said that one Bitcoin takes off it will be like Moses for gold and open the floodgates for gold and that oh yeah I believe that so Bitcoin were to go to a hundred thousand where should gold be I'll tell you okay let's let's talk about that okay so in my view I don't know if any of everyone shares this view but you know gold has a problem because you have a tremendous amount of paper gold out there you know naked short sales and all that things all that's all that stuff that goes on that keeps the price from really moving to the upside there's you know all the whenever a gold gets is a $1,300 level you'll see you know hundreds of tons for sale on Comex you know right at the morning there they just bang it down you know they got two or three years with the production they just sound in the open market they don't have that goal doesn't exist anywhere they're just flooding the market with non back non collateralized paper sales that's naked short-selling under reg show that's illegal but reg show is not it's not tightly regulated they don't they don't reconcile trades at the end of the day they say we'll get to next week or next month or in six months so there's a huge gap between when they reckon supposed to reconcile these trades and when they actually do and in that gap there's a lot of abuse and that abuse comes with with banging the price of gold down in ways that do not reflect the genuine price discovery between buyers and sellers so what's the real price of gold and silver for you what general price of gold right now I mean if you look at the chart there's used to map perfectly that as the debt was growing in the US the price of gold was was sticking to that debt accumulation and so for the past five years you saw the debt was continuing to go higher and the gold plow price was flat so now if you were to go back and say okay if it should be reflecting the fundamentals here then the gold the actual gold price is should be in twenty eight hundred twenty nine hundred dollars an ounce right now that's where it's that's where it naturally should be if it were not being manipulated to not move and silver silver is you know it's it's always if you look at the silver gold ratio was it that seventy to one or something like five okay eighty five two one I think over the long term it's more like thirty to one so if you do that number and extrapolate those numbers you come up with it with a silver price I'm not gonna ask you for a time line for a hundred thousand Bitcoin because I know you said time line are for losers well I mean it's silly to try to you know a move like this because like for example people who are trying with with with Bitcoin at thirty three hundred people are saying I'm gonna time it and buy it at two thousand and now you know now it's seven thousand and they're like oh you know why did I do that it's just owned it stack sets just stack Sacha's Satoshi just get in here just access I mean in the gold community they say you know stacked gold stack silver you know just stack it you know every everyday you know uh Jack Dorsey has an app called over at square he created Square he's got his cash app yeah and it's easy you know every day you can put a few bucks into Bitcoin every single day just stacks adds back Satoshi Max Keiser on the economy do you believe the numbers this robust GDP and everything's great well no right because GDP is not a very good number to to as a reflection of the economy right because we know that the government doesn't want to pay adjusted living cost increases to pension accounts and other funds so they have to keep pretending that there's no inflation so to get to that CPI number and the deflator number they subtract stuff like housing and they subtract the real you know you know health care so you know the government says the inflation is Oh at 2% and but we know that it's it's it's closer to seven or eight percent if you if you add stuff that you actually buy like I mean the health care where I am is skyrocketing you know education is skyrocketing and people are being squeezed the purchasing power of their dollars is going down their inflation if they were to bring out that inflation for real they would have to say you know what there's we got to start raising rates actually take two to two to accommodate for this because and then that would of course collapse the banks balance sheets and then Jamie Dimon would have to go down to the Fed down in Washington DC like Jim Cramer would do and stand outside and cry and then the Fed would be like Oh James we love you you big baby don't don't cry James Kramer Jamie Dimon don't cry here's some more here's another five trillion dollars okay shut shut up right that's not what runs the economy is a bunch of crybabies you know bring raise rates raise the cost of financial terrorism and get away with financial terrorism if the cost of committing massive fraud at JPMorgan is zero because the cost of my borrowing is zero Jamie Dimon is not gonna stop he's going to continue this take at ninety cents of every dollar he steals and give ten cents to as a fine right you consider going into politics why the nation-state is dissolving thanks to Bitcoin okay the nation-state the political units of politics as we've known them is all changing because you now you have a global unit of account meat medium of exchange store a value where the trade is the settlement when I trade with you in Bitcoin it settles at when the trade happens there's no third party there's no trade plus three days there's no impact office it's it's just you and I trade and it settles instantly on and it's transparent and it's audited every ten minutes and it's and it's completely open source and and one of the arguments that always comes back is what happens and it's already happening with governments regulating more and more Bitcoin we can't regulate it it's like just when brad Sherman the representative from California came out last week and said that we need to shut down the crypto currencies because it's interfering with the dollar as being the hegemony you know hydra-matic forcing in the world right it's cutting into the oil industry it's cutting into our ability to wage wars without having any accountability and that was a huge advertisement for Bitcoin you know you can't stop math no but you're seeing banks penalize firms and institutions I need a Bitcoin and say if you're dealing with you don't need a bank we can transact without a bank the back is there to secure funds and to into into subtle funds if I'm dealing directly with you I don't need that Bank in Africa and those other countries that don't have banks there leapfrogging ahead because they don't need banks okay now banks are fighting a rearguard action there they're looking back and they're saying we're going to you know shut you guys down you know how are they gonna dig they they have no way to do that you can't stop gravity or you can't stop math you can't sure you're just in Bitcoin right you're you don't touch a theory ripple any of these others no because there's nothing any of those coins can do that Bitcoin can't do now or will be able to do soon in in there was a period where the development of Bitcoin was too slow in the minds of some so people like Roger there and others decided to fork Bitcoin and create what they consider to be the true Bitcoin but now bitcoin is countable izing those coins it's eating their lunch they're like it's just like a monster it's like a black hole everything's gonna be gobbled up into Bitcoin all the other altcoins all fiat coins that's how it the strength of their weakness is what drives this thing to a hundred thousand and beyond I could talk to you forever max keiser but actually before I let you go there is one question I have for you because you are Max Keiser also interviewer you do what I do you interview them coach I had a deep quest I kept my Bitcoin pin I've got these glasses but the question is who I put on my debunking clothes there now I'm gonna talk alright alright I'm gonna think deeply net who face who is one person you'd want to interview alive and dead okay live first I don't see me oh as I'll come on your show definitely Paul Krugman cuz I want to know how he did how he became such a frickin I'd want to know have you got the beat racing crew just puttin the beeper on that one I was Paul Krugman how did you become such an idiot were you dropped on your head as a kid he seemed to know nothing that Nobel Prize is like meaningless everything you say it's it's almost I mean the guy it's gonna come on the show now with you saying that I'm gonna come on the show he's going to see he's going to want Fineman did scientist his last name is Fineman or who's somebody who's not with us anymore oh I'd like interview yes or buckminster fuller one of the most the finest minds of our last hundred years an engineer who thought globally everything he did he thought in global terms that's what bitcoin is all about it's all global and Buckminster Fuller anticipated the mindset a Bitcoin if not the technology I would interview him and put him on a pedestal right there was a toshi yes I hope you're keeping his you know who he is Satoshi yeah I do of course okay but you're not gonna pull a John McAfee hi I'm John McAfee this Bitcoin space is not a really a credible source in this industry in my view and he he knows nothing but I know who the actual Satoshi is and we're gonna go see him right now and I'm gonna take okay come we're gonna break the internet we're gonna look at this gold and Bitcoin living together guys are high five yeah thank you so much for joining us and thank you for watching we'll be back I hope tomorrow [Music] [Music] [Music]

Channel: Kitco NEWS

Views: 112,746

Rating: 4.8004265 out of 5

Keywords: gold, silver, finance, news, investing, investing news, finance news, financial news, economy, precious metals

Id: YHKVZ_PWbs4

Length: 11min 25sec (685 seconds)

Published: Thu May 16 2019

Reddit Comments

[u/LegendzEnt]

My own Private keys are worth more to me then paper Gold. If those Gold blocks are not in my safe I wouldn't spend a dime on it.

[u/mustbemoney]

iT'S a COnSpiRacY !

[u/LightningPlus]

Bitcoin To Hit $100,000, Max Keiser Doubles Down - Part 1 >>

https://www.youtube.com/watch?v=V44sS5Uc450