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Bob Moriarty: China is Taking Control of the Gold Market

Tom Bodrovics welcomes back Bob Moriarty to the show. Bob is founder of 321gold and, and a former Marine Corps fighter pilot during Vietnam. Moriarty believes the year 2024 could be catastrophic due to geopolitical issues and a greater financial crisis but sees opportunities in gold and silver, which have broken out and are expected to continue for the next decade. He emphasizes sentiment and China’s control of the gold market as key drivers of their prices. Moriarty discusses potential peace in the Middle East after Israel’s conflict with Iran, questioning the sustainability of the US sending large aid packages due to bankruptcy.

Moriarty advocates for ignoring external factors like interest rates, currencies, and politics when investing in gold and silver, using sentiment as a useful tool. He highlights China’s significant impact on the gold market and the potential negative vote against US treasuries and the dollar. Moriarty expresses concerns about rising interest rates and their impact on real estate markets, especially commercial property. He also discusses the recent surge in base metals as undervalued commodities and a shift towards commodities from overvalued assets like stocks.

Bob emphasizes the importance of understanding current developments in economy and society, including immigration policies, corruption, and diplomacy. He criticizes the increasing divide between ordinary people and the establishment and advocates for conversation and understanding between opposing sides. He criticizes US foreign policy in Ukraine and advocates for diplomacy to resolve conflicts. He also discusses the impact of misinformation on society and expresses skepticism towards media narratives.

Talking Points From This Episode

  • He sees 2024 as a potential crisis year but believes in gold opportunities; emphasizes sentiment and China’s influence.
  • Relative calm in the Middle East is possible after the recent Israel-Iran conflict, but US aid sustainability questioned.
  • Misinformation if not outright falsehoods in the mainstream media and the importance of diploamcy globally.

Time Stamp References:
0:00 – Introduction
0:37 – A Catastrophic Year?
2:00 – Whose Driving Metals?
4:52 – Warning Signals
5:43 – Oil Prices & Iran
9:10 – Balance of Power
13:30 – Aid to Ukraine
19:37 – Measuring Sentiment
21:46 – Lessons in FOMO
23:24 – Eastern Gold Shift
25:10 – Mortgages & Real Estate
27:19 – Base Metal Indications
28:37 – Government & Corruption
30:57 – Reasons for Optimism
32:12 – Diplomacy & Conversation
37:53 – Alt Media & Opinions
43:53 – Wrap Up

Guest Links:
Books on Amazon:

Bob Moriarty founded with his late wife, Barbara Moriarty, more than 16 years ago. They later added to cover oil, natural gas, gasoline, coal, solar, wind, and nuclear energy. Both sites feature articles, editorial opinions, pricing figures, and updates on both sectors’ current events. Previously, Moriarty was a Marine F-4B and O-1 pilot, with more than 832 missions in Vietnam. He holds fourteen international aviation records.

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