James Anderson: On the Cusp of a Mega Bull Run in Gold
Tom welcomes James Anderson back from SD Bullion to the show. James discusses the recent surge in gold demand due to problems in the banking system, with some depositors buying up gold out of concern. They have seen record volume which has prompted them to place temporary minimum order limits, as it is difficult to increase staffing levels to meet this sudden demand.
Central banks have been buying gold at near record levels, likely exceeding any past historic period, and much of this gold is flowing to eastern countries as they seek greater degrees of sovereignty.
James believes we are on the cusp of a mega bull run in gold. Many investors will have to learn the hard way since the US has not experienced difficult times for many decades.
He expresses concern about ETFs possibly not having the metals they claim, and eventually when demand exceeds supply, bullion supply will become scarce. He also warns of bad actors in the retail space who push overpriced metals, charge terrible fees, and pilfer from the vulnerable. He advises sticking with physical bullion and buying from local coin shops or reputable dealers online, with transparent pricing and reasonable premiums.
Lastly, James discusses the currency situation in Turkey, which has declined over the past decade, and the increase in gold flowing into that country.
Time Stamp References:
0:00 – Introduction
0:32 – Gold Market & Banks
3:34 – Dealers & Staffing
6:00 – Central Bank Buying
8:28 – Gold Demand & Prices
10:48 – Public Perception
17:26 – Gold & Industry
19:28 – Silver Supply/Demand
22:10 – Silver Squeeze
25:22 – Dollar & BRICS
28:00 – CBDC Currencies
32:50 – Fraud in Metals
36:27 – Crypto & Scams
39:16 – Industry Surprises
40:25 – Wrap Up & Turkey
Talking Points From This Episode
- Gold demand has exploded and Central Banks are buying at near record levels.
- The US dollar is bearish long-term as the BRICS roll out alternative payment systems, which will eventually lead to the CBDC solution.
- Some retailers are pushing overpriced metals and charging terrible fees, look for reputable dealers.
James Book: https://sdbullion.com/21st-century-gold-rush-book
Cat Highlight: https://youtu.be/xqtr6spMCGs?t=269
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk, and many more.
Given that repressed commodity values are now near 100-year low-level valuations versus large US stocks, investors and savers should buy and maintain a prudent physical bullion position. Continued stimulus and unfunded promises will only debase the dollar further.