Look at on silver at $12 ! Disaster!

The gold chart is broken, it has peaked. This will be a deflationary recession and that's why equities, gold and bonds are being sold in unison. The tide rises and lowers ALL boats.

Which equity sector is most likely to maintain (or even maybe increase) EBIT margins and cashflows (and hence ability to service debts and pay dividends) in this crisis? Gold miners.

My money is going to Bitcoin (BTC). Gold had its days but this is the time to look ahead and see beyond the crowds.

Any thoughts as to what might happen to the price of Gold if major CB's of the world guarantee all bank deposits (all ADI"S ) in full? (i/e. beyond FDIC insurance or similar etc). Could this happen ? Might/could they do this or perhaps something that is more robust than whats currently offered in the respective G20 countries ?

Already knew it was going to be a bad interview when he starts off with jewelry demand lol

Deflation fears are running rife. Real interest rates have moved strongly higher (out of -0.5% to +0.5% or so) over just a few weeks. This is my only worry for gold (and I have my share). If deflation were to set in and rates are stuck at zero but prices are falling everywhere, then that would be a bad environment for gold. This is my only worry for my beloved gold. Eventually you'd think the CB's and Treasuries will will print/ spend in 'consolidated balance sheet' fashion and give us inflation..........but these are odd times with a huge demand shock and likely a large debt default environment ahead. Going to be tough to get economic growth for a while yet.

A week has elapsed since this was filmed, and gold fell $200 in five days. Is this just volatility?

Had the pressures & instabilities in the market been given even more time to build, gold would have slowly edged higher and surpassed its all time high. But Tom McClellan in his recent comments was exactly correct in that gold is bought up as people see the storm coming. Well, it hit us faster than expected with Covid so gold did not have enough time to reach its all time highs. Now that the storm is here, gold is being cashed in, forced or not.

Okay, so apparently George thinks JFK was killed by Oswald alone shooting from the book depository as per the Warren Commission report. Ya know, the one with that zigzaggy bullet. So glad we got that sorted out. I've never been the least bit impressed by this guy in the 40+ years he and I have been involved in this market. His has always been a very superficial, CNBC-acceptable kind of commentary. That kind of mainstream pablum seems wasted here. That said, I happen to actually share many of his views. I'd like to think I'm able to separate the wheat from the chaff and the truth from the BS, my tinfoil hat notwithstanding. There is a fair amount of truth here ... and a fair amount of BS. I prefer guests who aren't serving as mouthpieces and who don't cast aspersions.

George is clearly a smart guy - but too much 'price talk' here and not enough on fundamentals.

HSBS holds GLD Gold in its volts. Good luck with that :)

Amazing to call silver an industrial metal. Total ignorance of monetary history. No money has been used more widely than silver throughout human history, not even gold.

IF the speculators come back and big money flows into GLD, while, say due to even temporary supply chain interruptions for physical delivery needed to balance GLD inflows, what does that mean for the etf? Would appreciate George’s input. Thank you.

This gentleman speaks like someone on the payroll of junior mining company. Also, he just makes vague remarks. He is not "an expert" he is a talking head. He's just a P.R. man all things gold. I've heard him in three interviews now: a previous appearance on R.V; a CNBC spot; and this current appearance. Putting them altogether he's just a P.R. man, a cheerleader. He should never be sought out by Real Vision ever again, his commentary is worthless and possibly dangerous.

He mentioned Russia, China, Brazil, Thailand, (S) Korea will continue to buy gold becuase they have been buying in the pas 10 yeip[ars ?? Thats when the economic wheels are spinning. When the world GDPs are hit hard. They will postpone buying or even liquidate some to prop up their economy. Look at venezuela. Central Banks will be so busy buying their own gov bonds and equities they will get distracted from gold.

All the QT will do wonders for gold and silver...and love what Kyle Bass said about the Wuhan virus here...https://www.youtube.com/watch?v=HWaCdUgLjus and the Australian here...https://www.theaustralian.com.au/commentary/coronavirus-there-are-lies-damned-lies-and-the-chinese-communist-party/news-story/f05b395352ded974defbabeacc43481c Hopefully the snowflakes can handle it. ?! ;)

Right now silver and platinum are dropping as hard as the S&P 500 because of the industrial nature of both. They did the same in 2008 but bottomed before the stock market, before they soared for several years and outperformed everything including gold. Yes they are primarily industrially useful and selling well below the miner's cost of production, but they still are also good alternatives to fiat money. Both are at the largest discounts to gold ever. (The gold/silver ratio has rarely exceeded 100 and averages about half of that level. Right now it's at 126). George says that central banks own none of either silver or platinum...that they only own gold. But do we really trust central banks (the original source of many of our problems!) not to dump gold for a variety of reasons? As the world's debt markets implode, it does seem prudent to have assets without counter party risk like gold, and maybe some bitcoin, but don't shun silver and platinum at these prices. (Sprott has a great silver ETF PSLV). Right now my local precious metals dealers have no platinum and only the 100 oz silver bars (at a 20% spread between buy and sell) available....and that seems to be the case everywhere. Also silver is the common man's precious metal, especially with gold viewed as relatively expensive by precious metals and jewelry customers both in Asia and in the western world. Still, insanity rules in all the markets, so hiding out in the (for now) almighty US dollar feels most comfortable....longer term who knows how debased it will be. In one month we've gone from all-time highs in the S&P 500 to a potential global depression on the horizon, and not only is monetary policy already at a new extreme and growing, but fiscal policy around the globe is rapidly entering the Modern Monetary Theory world of printing money to pay for everything until we get enough inflation to tell the politicians to stop (will they?!). While I understand the need to smooth the curve for the sake of the hospitals and medical staffs, it does seem like there's no guarantee that that will ultimately save that many lives....it'll just spread the deaths out over a longer stretch. Meanwhile we risk creating a global depression at a time when $250 trillion in debt looks increasingly shaky...and we'll be adding to it faster than ever. A depression will lead obviously lead to enormous economic suffering for all of us...but it will also lead to massive suffering in terms of human health. I'm 60 and have mild asthma (but am otherwise quite healthy)....if I get this virus badly enough, I'd really like the option of a quickly administered death....especially since surviving this I'd probably have such damaged lungs etc. that life would not be worth living for me. I'd rather the medical care potentially used on me be reserved instead for younger people. Triage is already occurring in Italy (and probably did so in China if we heard the facts). Humans aren't good at weighing tough choices like triage...and also putting fatal risks and death etc. in perspective....but I fear a global depression will mean death by drugs, drinking, reckless driving and other forms of slow and fast suicide will skyrocket. And even for the healthy, the financial stress will lead to more cancer, heart conditions etc.

Jan '22 20$ Silver (SLV) calls very cheap. Massive upside snapback risk if COVID is less impactful we think. Remember, Silver was trading at $18.8 just a few short weeks ago.

Sir, The Spanish Flu wasn't a flu nor spanish. Why don't we call this one the Chinese Virus?

Thanks RV. I enjoyed hearing George's views again and most of the arguments he made make total sense. However, I would love to get an alternative view on the potential question of fractional reserve gold being used within bullion ETF's. What about inviting Egon Von Greyerz to give us his views on this important subject?

Very sage advice from a grey haired professional gold advisor. If I was a risk taker, I would not be sitting with only ~ 12% in precious metals/stock. I am looking at buying some more miners once I get any indication we have bottomed out. Trouble is that could be anywhere from 20k down to probably 15k in the Dow.

Key point - and proving very prescient to what happened later last week. He points out that equities of all types (Miners included) are still equities and not gold, in the short term.