Why are gold prices suddenly hitting record highs?

Рет қаралды 54,465

Күн бұрын

The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
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Пікірлер: 272

@AminaCasazza 29 күн бұрын

I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?

@HilaryPhan 29 күн бұрын

A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.

@A-krandy 29 күн бұрын

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@GabrielZi-xr6zc 29 күн бұрын

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@A-krandy 29 күн бұрын

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@GabrielZi-xr6zc 29 күн бұрын

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@ulexite-tv Ай бұрын

I laughed at the Professor from Duke University shilling for ETFs and saying that holding physical gold is "risky" and that gold itself is "unreliable." And, by the way, Costco is selling gold to individual people, not to "institutional investors."

@JoeGarcia-cg1pp Ай бұрын

I expect this from liberal CBS that's why I don't believe half what they pitch

@mustangbill4147 Ай бұрын

I laughed to. That guys an idiot. I’ve been stacking for years. They would play it down. Nothing to see here. The economy is fine what’s happening. 🤣🤣🤦🏻‍♀️ we’re not dumb we know what’s happening

@christianlopez8598 Ай бұрын

You don’t hold it you don’t own it!!!

@good2goskee Ай бұрын

Meh Buying gold at Costco or my bank is a ZERO complication and en par with buying a bag of chips or a watch out of display case. Storing something that is 31.1g is not complex. I'd expect most car keys are heavier and access an asset worth far more than a bar of gold.

@danhendricks1616 Ай бұрын

He's either a poor econ. Professor, or another Government Hand Puppet.

@jorgegomez524 Ай бұрын

You don’t own it you don’t hold it. This guy is a paper pusher

@mrmustangman Ай бұрын

🎯 exactly.!!!!!!!

@leelandglover7777 Ай бұрын

On point 💯.. always having physical metal is the only way you own it.

@alphathefirstone1222 Ай бұрын

correct .. he is the prototypical version of "Book smarts no streets smarts..".. Giving your Physical gold for a piece of paper IS HOW WE GOT THE DOLLAR...LOL..

@nexussix7933 Ай бұрын

This is bad news. Precious metals go up when the economy goes down. Brace for impact.

@randyb9337 Ай бұрын

It's not that gold is going up in value...it's because the dollar is losing value. Inflation is actually the expantion of the money supply, yet the FED is not currently printing money. The national debt is cuerrently at $35T dollars, but there is only $21T dollars in circulation on this planet at the moment. So how can the debt be paid back with interest?

@americantarmacker514 Ай бұрын

Gold is saying trouble is ahead

@MrAllenTv773 Ай бұрын

Facts I seen a cash for gold truck driving around im like yea it’s about get ugly

@rederickfroders1978 Ай бұрын

@ev.h.3455You sound like somebody without any real friends.

@CodingAbroad Ай бұрын

@ev.h.3455that’s bang out of order mate

@steveg6978 Ай бұрын

Trump is saying the same thing

@alphathefirstone1222 Ай бұрын

you better believe it.. it the crypto nonsense.. everyone is preparing for that crypto crash..

@traviscarpenter4270 Ай бұрын

He said it’s complicated and risky to buy gold haha These people don’t want you to own physical gold because they can’t make money off you. When you hold your Real money you have complete control over your wealth no counter party risk.

@ulexite-tv Ай бұрын

That's the truth. And read the comments -- everyone here sees through the professor's sham! By the way, it is no more "complicated" or "risky" to buy gold than to buy a computer or a cell phone. Just go to Costco (in person or online) or look up any of the big online dealers. Join the online silver and gold stacker community and learn all about it.

@leelandglover7777 Ай бұрын

On point 💯.. better have physical metal than paper.

@ebadd3468 Ай бұрын

Inflation will get lower? Pure lies

@jorgegomez524 Ай бұрын

Central banks and billionaires are buying

@bexhill8777 Ай бұрын

me too

@HighSierraBob Ай бұрын

Yep!

@sheepman6291 Ай бұрын

@@bexhill8777 Me to.

@pessi6185 Ай бұрын

Buy Gold & Silver(both going up) Ditch the Dollars(dying by the day)

@LXT43 Ай бұрын

@@pessi6185 Dumb idea. that the store you buy food from will only accept the Dollar. Nothing is dying. Maybe your brain?

@DonPelayo2024 Ай бұрын

Maybe because the dollar is losing value from all the money printing? 😅

@scottc3165 Ай бұрын

Exactly, but I just couldn't wait to hear the lame stream reason.

@rhymetimeuk Ай бұрын

bingo!!

@rhymetimeuk Ай бұрын

100%!

@bobsacamano7653 Ай бұрын

not only that the fed held down interest rates at a record low for a record amount of time. Everyone was buying on low interest rates and the more money in the system is what causes inflation.

@BingoBet-It-AllBeaver Ай бұрын

The money printing merry go round broke down.

@JasonDarbee Ай бұрын

If you dont hold it you dont own it. He never mentioned that the Fiat Funny Money is dying and the whole world wants off it

@Moneymanny-bq4nt Ай бұрын

This the comment I was looking for. This guy issa no show. 2 of the world powers already not using their 💩 usd! China and Russia.! They are some of the real buyers of gold. Hence why the price has been raising immensely. They are now using it for trading. And when everyone else realizes it’s better, they starta do the same. Next thing u know. America inna financial crisis. 😂 Mhen, I can’t wait to see what they bouta pull off to save their 🍑s. 😂 Brace y’all selves tho

@davidfranklin4534 Ай бұрын

Paper currency has a perfect track record- it has failed 100% of the time.

@meh4770 Ай бұрын

Not this time, they will move it to digital currency and your account can be shut down if you misbehave. It happened here in Canada.

@randyb9337 Ай бұрын

What they always fail to mention is: "You hold it, YOU own it". Can you hold an ETF? Can you trade an ETF for food at a supermarket? NO!

@A_D624 Ай бұрын

Can you imagine holding a stash of gold with you in a crisis? How can you defend yourself in a lawless situation?

@ciscoguru69 Ай бұрын

@@A_D624 With an AR-15 and a Colt 45...that's how.

@bobsacamano7653 Ай бұрын

they hold it for you just like Bankman-Fried

@trailguy Ай бұрын

when i was born, gold was 35, now it's 2400. it's not a "spectcular investment" like navidia.

@BekeeChisomaga Ай бұрын

Just reached 500 thousand. Thank you for all the knowledge and nuggets you've thrown my way over the past months. Started with 50k last month 2024

@andreienache3343 Ай бұрын

Bitcoin has been rising for a while and could rise again. The truth is that no one knows, I think this is the right time to buy and also get a professional assistant

@yfkfernando 14 күн бұрын

yo let me hold a dolla haha , nice

@REAL4wd Ай бұрын

If you don’t HOLD IT your DONT OWN IT.

@gwilson664 Ай бұрын

This dude is so full of it that I bet he's taking his money for guesting today and putting it straight into bullion. Gold is volatile my behind, chart the price from 1972 until today on the screen misleading troll.

@healingbyqurannow Ай бұрын

Nothing equal having gold on hand, having gold with someone else no, bad idea.

@rock7084 Ай бұрын

No one should go to Duke university. Gold is the safest asset for 5000 years. It is the only true measure of currency and purchasing power. Also, every spike in gold price is during major crisis around the world.

@liljrluvyaii6625 Ай бұрын

Silver next

@usptact Ай бұрын

How come? I was told that gold is an archaic thing of the past and that I should instead give my money to those croo… I mean fund managers instead!

@bobsacamano7653 Ай бұрын

exactly

@liljrluvyaii6625 Ай бұрын

Institutions buying gold… huh maybe they know something that we do know 🤷‍♂️

@DistrustHumanz Ай бұрын

The best investment in the entire world is land with its own freshwater source.

@randyb9337 Ай бұрын

Yep, I recall Gene Autry once saying: " Buy land, cus' they ain't making no more of it"

@bobsacamano7653 Ай бұрын

except it is taxed

@mariannybejarano5340 Ай бұрын

Have you ever tried working the lands and the crops , no maybe 100 years ago but today we are the silly slopper worried how to make a coffee , gold still holds best and some tomato, cucumber in the garden will do it

@leelandglover7777 Ай бұрын

Billionaires are buying up the fresh water lakes

@amitsharda8198 Ай бұрын

U can't eat gold do you?? U need potatoes@@mariannybejarano5340

@JohnAranita Ай бұрын

I gave my friend 1 Troy ounce of silver, because his name is Troy.

@neoneherefrom5836 Ай бұрын

that’s wonderful

@LiquidMetalStacker Ай бұрын

Precious metals are the best safety net you can have. Gold is king 🤴👑

@shellywhite2145 Ай бұрын

What are the best additions to a $500k portfolio to boost performance?, ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.

@laurawheeler-zh8gv Ай бұрын

I think you're better off with majority investment in bitcoin and uprising equities cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire

@shellywhite2145 Ай бұрын

wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you don’t mind me asking? in dire need of asset allocation.

@laurawheeler-zh8gv Ай бұрын

ashley airagahi is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment.

@shellywhite2145 Ай бұрын

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals.

@silvertrucker7942 Ай бұрын

You don't hold it, you dont own it. Buy physical, not ETFS

@rickysampson8759 Ай бұрын

Inflation is going back up. Better grab some gold

@mrmustangman Ай бұрын

peter schiff tried to tell you guys.!!!!!!!!!

@mrcodcommando3939 Ай бұрын

20 yrs later

@a13xdunlop Ай бұрын

If you do not hold it, you do not own it.

@davehud2552 Ай бұрын

I don't know anything about this but it is fun watching people talk about riches & gold 😌☺️🤗

@markstanfield7434 Ай бұрын

ETF paper silver. Over 400 people are claiming they own same once of silver. If you don’t have it you don’t own it.

@earlhammond9810 Ай бұрын

Gold is valuable and has been for some 6,000 years. Of course financial managers want you to buy stocks and bonds, so that they can take a bite out of the middle. Gold has never crashed in price over 6,000 years. I can confidently say that gold will be valuable in 100 years from now. Can I say the same for Apple stock in 100 years? Now you see how scary institutional investments really are in the long run. If you are investing $millions in the gold market then it does make sense to buy gold futures in the short term. The average man should save as much physical gold that you feel comfortable in physically keeping.

@davidekow Ай бұрын

Maybe Kiyosaki was right about gold.

@spicybeak69 Ай бұрын

Whatever happened to old fashioned Gold Certificates? ETF's are a scam! Might be Boomer talk here but I'd rather have the physical gold bar or coin in my possession or safely stored in a safety deposit box.

@bobsacamano7653 Ай бұрын

exactly a bet on futures.

@ulexite-tv Ай бұрын

"If you don't hold it, you don't own it."

@spicybeak69 Ай бұрын

@ev.h.3455 Don't judge yourself too harshly! The only direction you can go from here is UP

@mrmustangman Ай бұрын

"If you don't hold it, you don't own it."

@peterdangelo5882 Ай бұрын

A hedge against inflation. It has gain, and held value over the past 30 years. Don't forget that

@JerZeyKelly Ай бұрын

And yet the Central Banks are buying gold 🤔

@pessi6185 Ай бұрын

It's because the dollar is dying. Everybody getting rid of their rotten dollars 🎉🎉🎉

@ReRiderChi Ай бұрын

The problem with gold is is there's no way to just sell it if you're walking around carrying it without going into a pawnshop or jewelry store

@erikk77 Ай бұрын

Local coin shop is best. They have the lowest dealer cut.

@rodcoulter997 Ай бұрын

Think bullion coins…

@TheJoker-qn6vw Ай бұрын

Unless you actually own a physical bar of gold in your safe, or home...you don't really own gold...buying an etf is just buying a share/piece of a company that has gold...those are very different things. That's why this professor, is confusing gold etf and actual gold...actual gold isn't as volatile as the stock market...actual gold's price has and will always be driven by supply & demand.

@201sovereign Ай бұрын

You can't print gold. And real gold is yours only when it's in your hands. ETFs and paper gold are not real gold.

@Yippikiyeah Ай бұрын

People valued gold because it backed the US dollar. This is an ignorant report.

@kurtg3891 Ай бұрын

as well as gas, oil and all utilities, plus food, housing and basically everything all reaching new record highs thanks to the US Government for printing up more and more US dollars which in turn also causes them to be worth less and less / AKA rapid inflation.

@annar6081 Ай бұрын

That professor must be an advisor to JT 🤡 in 2916, to sell all Canadian gold reserves. Canada is only G7 country without gold reserves. This professor has no clue about gold 🤪

@omgahq9851 Ай бұрын

Buying at all time highs is a bad idea? Yeah, probably, if you consider historic ATHs retrospectively, which is a stupid thing to do. If I buy gold now at the current ATH of 2390 USD, it might not be an historical ATH someone would ever consider in retrospective. It might make new ATHs over the course of several months and end up at 3000 USD before it drops. In that case nobody would ever look back at 2390 and say „You bought at an ATH“. This guy has nothing intelligent to say about gold, let alone about who buys it and who possibly owns it, when you buy an ETF. This person is ridiculous.

@ahmedalsharman Ай бұрын

Gold will end the year around $3200

@MrDodgedollar Ай бұрын

Looking at the direction of travel, I agree. The Main stream is not talking about this yet … I set PM at around 3% of my portfolio 4 years ago.. PM has now gone to 6 % ! The PM safety foundation is kicking in big time

@LXT43 Ай бұрын

No, it won't!

@MrDodgedollar Ай бұрын

@@LXT43Are you Gordon Brown? 😂

@marvelousmarvin4th Ай бұрын

These funds are a complete racket! Because if there's ever such a crisis to where you need actual gold to purchase things. Since 1971 it's been against the law to use gold or silver as money in the U.S. Thus, it will be illegal to complete the trade of the money that was sent to them for the gold that they claim to be holding.

@randyb9337 Ай бұрын

Your correct. This clown also conveniently forgets to mention that gold runs NO COUNTER PARTY RISK. Can you say that about an ETF? Nope!!

@marvelousmarvin4th Ай бұрын

@randyb9337 You can, because at least you receive it instantly, and it's logged on the blockchain. But what's the gold fund the contract is not completed until you actually get the gold. So the chance of defaulting is great. ETF may not resell at all well at least you got it

@ulexite-tv Ай бұрын

@@marvelousmarvin4th -- The online gold and silver bullion dealers, including Costco, simply send you the physical gold and silver with a tracking number. Why would they default? -- it's a daily business for them. Would you buy an ETF of clothing or food, or a car, phone, or pet dog? No, you want the physical clothing, food, car, phone, or dog. Pretty simple.

@A_D624 Ай бұрын

@@marvelousmarvin4th If you need actual gold to purchase things then there is basically chaos on the streets. How can you defend yourself with millions of people attachking your house?

@marvelousmarvin4th Ай бұрын

@@A_D624 if we have another Financial collapse or depression any major Interruption that the people will not bail out the banks on. Now about a million people attacking your home I have no idea what you're talking about

@parkerprutzman4201 Ай бұрын

getting real information from CBS is not possible

@cameronmilne5319 Ай бұрын

BS. Not institutional investors….central banks….check out world gold council gold purchases….another amateur

@garyschug2968 Ай бұрын

Never said anything about the money we give away that’s always gonna make the gold go up…

@bexhill8777 Ай бұрын

I Switched Off,, That "Expert" Is Only An Expert.....

@StPiter111 Ай бұрын

Nobody believes in US dollars anymore😅

@ramongaldamez3486 Ай бұрын

Teacher! go back to school… 😂

@muhlenberg2608 25 күн бұрын

The value of gold is not changing. The value of the dollar is dropping. You can't print $8 trillion of fiat money in 3 years and not have repercussions. People are exchanging their monopoly money for Physical gold.

@ianhenderson7948 Ай бұрын

This professor isn’t a fan of gold but to compare it to NVIDIA? . Name me a stock that has beat NVIDIA gains? Odd comparison.

@bobsacamano7653 Ай бұрын

the only comparison that made him look good. gold by the way is much less risky

@santostv. Ай бұрын

Nvidia is going to end up like cisco

@fern5811 Ай бұрын

@@santostv.Whoever times the short successfuly will become very wealthy.

@santostv. Ай бұрын

@@fern5811 Most aren’t rich enough to be playing with shorts,margins ect and only who brought in before the hype is making money the others entering the hype are going to be left hanging the bags unless they don’t exit at the right time.

@HighSierraBob Ай бұрын

Inflation, massive national debt, out of control spending.

@tonyl7953 Ай бұрын

Sorry dude If you do not hold it, you do not own it ! PERIOD

@lorenzorodriguez3429 Ай бұрын

Who controls the price on gold government just like your 401k ,🤔🤔🤔🤔

@GANAPATIIIII Ай бұрын

forget crypto - remember star wars - Republic credits - republic credits are no good out here -- I need something more real -- try physical gold and silver - just look at Costco's gold sale but who's counting. 👀

@user-Rocket-Fest Ай бұрын

No word on Silver, Diamonds, Crude or stay sharp knives?

@vergejaguar1036 Ай бұрын

We're not in a recession? 😂

@adventurescents4069 Ай бұрын

If one has to ask why...then you are really behind the curve.

@Traveler-PKK Ай бұрын

This guy must not see the gold chart for the last 5 years as it has been going up.

@ramborhan2005 Ай бұрын

In times of uncertainty, gold is always certain

@lokesh303101 Ай бұрын

Because GOLD saves the World.

@kylemcmeekin2988 Ай бұрын

Its so complicated to buy gold first you go to costco.......

@Tsunseyu Ай бұрын

Gold is not going up, the Dollivar is going down 📉 Silver and platinum with a touch of gold

@finalhour4406 Ай бұрын

Paper means nothing when it comes down to physical wealth. All paper can be considered/is FIAT money.

@santostv. Ай бұрын

😂 i side with the preppers on this one

@RDS617 Ай бұрын

You don’t hold it you don’t own it.

@andresrodriguezrullan8609 Ай бұрын

Gold's price increase indicates a weak dollar and economy .

@eduardoj.1764 Ай бұрын

I'm buying gold I can hold in my hands...

@jacksmith8771 16 күн бұрын

If you don’t hold it you don’t own it

@rolandbraun1197 Ай бұрын

Professor Harvey should also mention that the regime of sanctions imposed by the the US government and the confiscation of Russian financial assets is driving people into an alternative asset that has no counter party risk - GOLD. Other experts know that debt based economies will eventually be forced into lower interest rates despite inflation with QE monetary policies aimed at maintaining the future level of economic activity. These policies will push the price of gold up and lower the relative value of the US dollar. - - More inflation and explosively higher gold prices would result from a looser monetary policy in an economy riddled with a high national debt and large budget deficits.!!

@aerotus888 Ай бұрын

It's baffling!!! Just like young sports professionals all dying suddenly

@alphathefirstone1222 Ай бұрын

Why would I want to buy physical gold and give it to someone else in exchange for a pierce paper call an "ETF".. Oh Wait That how we got the dollar.. lol.

@elir.torres8642 Ай бұрын

Did he just said a "cheap version of a mutual fund". I like to see Jack Vogel the creator of ETFs tell this guy off. ETFs are not mutual funds you find in a traditional 401k portfolio. This guys knows nothing.

@HelenSurina-mv8ot Күн бұрын

Does China not have personal vault of gold to cover Yuan? I cannot purchase Yuan with Canadian money.

@GoFlow_ Ай бұрын

SHELDON COOPER !!????

@LivingAwake Ай бұрын

How can you say that with rates likely to drop, why would hard assets rise? That is so fundamentally stupid. The absolutely worse thing you can do in a high inflation environment is cut rates. Get ready for a colonoscopy.

@travelvenue5582 Ай бұрын

Why gold is so expensive think about poor people

@ddddddddddddddddddddd Ай бұрын

It was lagging, but in an engineered way. It was accumulated ahead of inflation going higher. Watch, now they will allow inflation to go higher.

@steveg6978 Ай бұрын

10% to buy....10% to sell.....keep that in mind folk......its a big scam

@Chris-of6xm 16 күн бұрын

So give these investors your money and they'll give you a piece of paper and return that says you have gold. For a couple hundred bucks less, give it to me and I'll hand you a piece of paper that says something to

@jamesfausett1003 Ай бұрын

THERE IS MORE PAPER GOLD THAN PHYSICAL!

@bendorn9861 Ай бұрын

The market conditions that are driving the gold rally are an indication that our unsustainable monetary policy has reached a breaking point. This will get worse before it gets better.

@donaldkasper8346 Ай бұрын

Why is no one using ETFs? Well because all these people generate contracts of gold futures, have not one gram of gold on hand, and trade many times more than real gold production with these fake delivery contracts. No gold is ever delivered. Real gold is gold, and all contract games are computer number games. Which do you want to hold?

@Tennyson138 Ай бұрын

It is easy to buy Physical gold online and store in private vaulting not in the banking system, There is a growing understanding ETF's are not backed by the Physical metal, only worthless paper contracts, it is merely a mechanism used to suppress the real physical spot metal price.

@trueelectsupremea.m.mosttr4786 12 күн бұрын

An oz of physical is gold is such a risk 🙄 Just buy an ETF because Hedge Funds only speculate with actual bars. What nonsense! Oh and Hedgies DRIVE THE DAMN MARKET, you speculate on what they will do. Or don't do.

@t-bone7988 Ай бұрын

i always cringe when people advocate to buy gold etfs. LOL

@StevenSimpson-it5mv Ай бұрын

Funny how Gold can outperform the SP500 for 25 years but this guy thinks its unreliable.

@karolmetal4256 Ай бұрын

just bought 1oz and it was very easy :)

@properjob2311 Ай бұрын

US warmonger$$$$$ causing gold to go up

@signalmanfive2127 Ай бұрын

Whats behind the rally? Everything is topped out but gold. Inflation is not going down anytime soon. The momentum has been in the NASDAQ for years, its now shifting into the precious metals market.

@shreeshdixit3391 Ай бұрын

When Crude oil prices rise nobody feels happy but when gold prices rise every body feels happy and gives it immotional support that somthing is going into good direction, When an Useful article show price rise every one feel sad but when a useless, unnecessary item for life like gold jumps high in the sky every one feels a dopamine or seratonine level rise 😂 find reality of gold plz don't give overimpotance to gold, you can play price game with chocklet also 😊