China is a very very big question mark. Now Russia already announced that Darubo
is backed by gold. Many members of bricks are also going to bab the
local currency in gold. However, you're absolutely right because to be coordinated effort,
one country, one currency will not be able to dominate that kind of
trend. You're listening to Carrie Letz's Financial Survival Network, where you get valuable
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I'm your host, Carrie Lutz, a special guest on Tonight with Us,
Yvonne Blassak, and you are the successor to our good friend who passed on,
Nick baraschef. You're now president and CEO of BMG Group, billion dealer
North of the Border, and we're thrilled to have you on. Evan.
Welcome and again our condolences for passing with Nick. He was really a great
guy, really generous help with the show. Quite a bit in its earlier
days. So we're glad you're filling his big shoes there. Thank you very
much. I'm very very happy to be on your network and I'm very pleased
to continue the tradition. So hey, golda has been in the rage lately.
Bitcoins kind of floundering a bit at a high price, mind you,
but it still isn't where it was. So well do you see more?
What do you think the maximum price gold will be going for in a couple
of two three years. Well, I think that gold will probably reach three
thousand and can even go much higher. It all depends on the geopolitical chess
board. There's a huge, huge, huge factor in rising price of gold,
and it has a lot to do not only with the politics, has
to do with all different alliances and the toll or the possibility of many local
currencies being backed by actual physical gold. Well that'll be the day, you
know. My feeling has always been that might be preferable to back your currency
by a physical commodity such as gold, silver or whatever, but that it
would only be done as a last resort when everything else they try to do
to restore the global monetary system fails. It'll be the last choice, not
the first choice. Well, it all depends for who. For us in
the Western world years, that would be a very sort of a political choice,
depending on the circumstances in terps the other things that are happening right now.
There's a huge shift from west to east, and there's a huge chay
opposition to our current financial systems economic system being brewed on the on the eastern
side of the of the of the world, and that will have a significant
impact. So the gold itself, as a Christi bas gold is a huge,
huge opportunity for gold. I do believe that the gold rises where even
go to the level of that Nicholas predicting, which is ten thousand dollars announce.
However, when it's very difficult to say because things are happening. The
traditional influencer of gold like as you know as interest rates, inflation, the
safetya and demand, but the geopolitical conflicts and central back buying is a critical
factor. I know what you're saying, it's just an order or you can't
just have one country, no matter how big, go on back the car
by gold, because absolutely I agree, right all the other ones don't,
then they will because bad money chases out good We know that for centuries now,
So it's got to be a coordinated thing. And the West is still
fifty percent of the global economy thereabouts. Uh, maybe the alliance will fracture.
You know, unstable money leads to unstable politics, for sure. And
I just think that the world will come together. They'll try some special drawing
rights, and they'll try a whole cocktail, they'll try cbdc's and only then
when everything fails, will they resort to gold. For the simple reason that,
uh, the ability to mint your country's currency is probably the largest power
that most governments have over their populace. So once they give up that power,
and they'll only do it when they have to, most of their power
goes away. And if it's one thing governments love is power over their people.
So to just switch to free and honest money, which you and I
are both obviously staunch advocates of, they're not just not going to do that.
China, they could have all the gold in the world, but the
second they say that gold is money, then they lose a large amount of
power over their populace, don't they. This is very interesting. China is
a very very big question mark. Now, Russia already announced that their ruble
is backed by gold. Many members of BRICKS are also going to bather their
local currency in gold. However, you're absolutely right, it has to be
coordinated effort. One country, one currency will not be able to dominate that
kind of trend right now. Currently, you know, the BRICKS countries have
about three point seven three point five billion people in the work. They have
a with forty five percent of the world population and thirty percent of global economy.
So as an alliance, as a group, they are very powerful.
Are they coordinated? I have no idea are they are they? You know?
Close to that. However, there is something called panic and a public
perception, and this is this is a you know what panic is when my
kids ask me for money, that's panic. Well, that's like a secret
is when you tell one percent at the time. It's the same kind of
saying. So, however, all the happenings, all the things that were
observed indicate that that all be huge netflax popping up on our current financial system.
Our financial system is being weakened, at least perceptually. Therefore, there
has to be some cording strategy to enforce it. Well. On another side,
I'm in gold, so I'm very happy because this is where one needs
to be and gold is the future. And when you really think about that,
in the last twenty years, gold increased by four hundred and seventy percent
in price in twenty years. In five years or sixty five percent over a
year is about you know, each year it has been like from twenty one
to thirty five percent in the flatsh is only on a short term basis.
So anyone that wants to preserve their wealth, preserve their lifestyle needs to be
exposed to gold in some ways pure gold. So this is the kind of
a questions that people to understand. You know, many times I speak to
people and they say, oh, I know, preserve your wealth. You
must be ultra wealthy. Really there, that's not true, And I say
what kind of wealth would you like to preserve? Or my home, my
house, my car, those things, And of course, you know,
then people start thinking a differently. But I think that that what is happening
right now is the incredible geopolitical chaos. Alliances popping up all over the place.
There'll be trading alliances, economic military alliances, and all those things will
create the pressure on currencies and also a huge opportunity for gold. That's what
the prices will go up to, something that we cannot dere force right now.
I'm being very conservative. Then when I say three thousand dollars, it
could be much more, except the speed of it, when it will occur,
is going to be critical. Based on almost a monthly geopolitical circumstances,
I couldn't agree with you more. And you know, I find it very
distressing. There's people that I would consider it to be fairly intelligent, and
they are absolutely clueless as to the fragility of the global economic system, in
particularly the modelitary system. They just don't get it. You know. I
don't know what it's going to take other than the ultimate collapse for them to
realize that, yeah, maybe things arts are great here. Huh. Well,
you know, most people follow the herd. Most people do not want,
you know, living in silos. So all these smart people friend of
whne I wrote the book how smart people in groups make their stupidest decisions because
they follow each other. It's it's it's a different kind of a Nobody wants
to be an outlier in a in a group, but what is happening right
now Without a cohesive plan and some kind of a strategic a location of gold
in one's economic system, it is like rearranging shares on a Titanic when you're
just about to hit the iceberg. It's it's just you know, something that
is going to happen one way or the other. So so the typical system
is usually everybody may say status quo. Nobody wants to say, oh my
god, you know this is going to happen. So that's so you and
I are not buying a one way ticket on the Titanic, but the majority
of people, we can buy one white ticket, but coming back, we're
not getting on it. We're not getting on that. No, no good,
it's good. But the majority of people not only do the way a
one way, they bought a round trip and they don't realize it's a one
way ticket. And that's thing is going to sink and there's not enough lifeboats
to go around, and got to save the women and the children first,
of course, because that's just the way it works. Although nowadays, nowadays
that the Titanic sank, I think a lot more women and kids would be
dead and the guys would be that's just the way society is. But our
friends, our friends, our relatives, people we care about are all going
to sink. Where does that leave us? God? Well, alternative boat,
alternative boat next to it. You have to you know, night Yard,
I wanted. The interesting part is that it's not only that that that
they're sitting on the Titanic. The investing in the Titanic. We're told the
buyer and shares after you hit the iceberg, and exactly that's exactly what is
happening right now, so that so never mind the passengers there, then you
know about the investors. So it is it is very interesting what is happening.
And I think I think our very existence, who we are is changing
dramatically, is changing faster than we could fastle. Really to really understand that
one has do is a broad knowledge based knowledge on everything, history, economy,
sociology, politics, find us. Most people don't, so they rely
on experts. Experts live is silos. Experts don't want to a as is
a breach. Any candle start to schools many times, and those that do
that for a variety of different reasons, I couldn't agree with you more.
I will conclude with a quote by Jonathan Swift, a phenomenal author you know
well, and he said, there's none so blind as those that won't see.
And thank you, Yvonne for coming on the show, for helping to
at least make the effort to get people to see what is to you and
I as obvious as the news on our faces, and yet they refuse to
see it. Hey, Yvonne, how do we connect with you? What's
the best way to find you on the interwebs? Here the interwebs through our
website and BMG group dot com, Bmgsgroup dot com, bmg WWBMG we got
it the links in the show notes of this interview on Financial Survival Network dot
com. When you're at the site, please go ahead and subscribe to the
newsletter. It really helps me a lot. Would you believe there's over thirty
thousand of you out there subscribing to our newsletter. Now. My goal is
before the end of the year, and certainly before I retire in a few
years, to get that number to one hundred thousand. Vaught. It's been
an absolute pleasure. Thank you so much. We'll talk to you again so
and thank you very much for Peggy the pictures for the Blind. Thanks for
listening to carry Letz's Financial Survival Network, your solution to today's trying times.
For the latest, go to Financial Survivalnetwork dot com. Financial Survival Network now
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