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Valuetainment

"All Time Trust Deficit" - Media & Government Distrust Is KILLING The Dollar And IGNITING Gold

31 Jan 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What recent trends in gold prices should investors be aware of?

0.031 - 12.218 Unknown

it is pretty wild what's going on with gold. So, by the way, five years ago, Rob, can you ask what was a price of a kilo of gold in 2020?

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13.514 - 40.72 Unknown

price of kilo of gold in january of 2020 okay i used to buy these kilos of gold and i look at the price tom tom look at the price we used to buy these kilos of gold in 2020 january six years ago and we would run contests and the winners would get a kilo of gold which is what $50,000. You remember this? 2.2 pounds. It was a phenomenal exercise.

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41.4 - 63.552 Unknown

Guys would love it, but they would say it's just gold. Who cares about gold, okay? Do you know at the time when we would buy this, the price of gold was $15.82. This is just six years ago, not 16 years ago, six years ago. Do you know how much gold hit this morning? Rob, can you pull up how much the price of gold is this morning?

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Chapter 2: How has the value of gold changed since 2020?

63.532 - 95.712 Unknown

Price of gold this morning is $5,300, which means that $50,000 bar of gold that we would buy in January of 2020. Rob, what is the word today? Can you ask the question, what is the price of a kilo of gold today? Kilo of gold today, look at the price, from 50K to $170,000. To all the people we gave this gold to, like I said earlier, I hope you kept it, okay? I hope you kept it.

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95.732 - 107.848 Unknown

I hope you set it aside somewhat. Well, let me read this story to you anyways. Dollar sinks to a four-month low and gold soars past 5,000 as yen leaps. Rob, I think you got a clip on this one here. Go for it.

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108.942 - 111.605 Patrick Bet-David

The value of the dollar, do you think it's declined too much?

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111.626 - 132.553 Unknown

No, I think it's great. I mean, the value of the dollar, look at the business we're doing. No, the dollar's doing great. You know, it's very interesting. If you look at China and Japan, I used to fight like hell with them because they always wanted to devalue their yen. You know, that's the yen and the yuan. And they'd always want to devalue it. They devalue, devalue, devalue.

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132.533 - 149.332 Unknown

And they said, not fair that you devalue because it's hard to compete when they devalue. But they always fought. No, our dollar is very good. Okay, so Tom, what does this mean? What does this mean with gold? And Brandon, what does it mean? I'll come to you first. Silver is even moving faster than gold. But what does all this stuff mean to the average person?

150.073 - 165.851 Patrick Bet-David

So first of all, really interesting thing, what Trump said there. This is like high-level macro stuff. The concept of devaluing your currency makes it – basically more attractive for other countries to buy things from you because it's cheaper. So he's trying to make our goods and services more attractive to other countries.

165.871 - 182.47 Patrick Bet-David

So like he said, he would get upset when China would do what we're doing right now. So the fact that we're lowering our interest rates as other countries are increasing their interest rates, that's why the dollar is getting lower. And when the dollar goes lower, pretty much all asset prices go up and definitely gold and silver in a much higher way. But the interesting thing is that

182.45 - 197.522 Patrick Bet-David

What's fascinating to me is that the banks are allowing it to happen because it's been a thing for a long time that all evidence, in my view, points to the fact that the banks were suppressing the price of gold and silver because it's been flat for a long time. A long time, yeah.

197.502 - 209.801 Patrick Bet-David

And if you look at a chart of the M2 money supply from 1971 when we go off the gold standard versus the price of gold, there's a big difference in the rate of which the M2 money supply goes up versus the price of gold. They should be proportionate to each other.

Chapter 3: What factors are contributing to the decline of the dollar?

395.813 - 402.647 Brandon

You know, there's major things going on. People do not trust the government, let alone the dollar.

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402.948 - 405.253 Unknown

And I think... But how come that didn't happen during COVID?

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406.6 - 410.409 Brandon

Because they printed 80% of the money and started giving it away to everybody.

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410.529 - 413.216 Unknown

So shouldn't that then increase the value of gold?

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413.737 - 416.343 Brandon

Well, if we were all intelligent, yes.

416.824 - 433.91 Patrick Bet-David

Look what happened to crypto, though. I think the money that should have went to gold went to crypto during COVID because crypto went astronomical during COVID. It did. And it felt like a concerted effort on CNBC and whatnot to talk people out of gold and silver. And there's the banks short-selling the hell out of it. There's a lot of times a paper trail of that.

433.93 - 445.622 Patrick Bet-David

But that's why it's interesting to me that they're letting it happen now because I think they could control it and stop it from happening if they wanted to bad enough. But the central banks, for the first time, they have more gold than bonds on their books. So I think that now they're in a position.

445.662 - 453.791 Patrick Bet-David

Because remember in the big short when they said they wouldn't let the credit default swap price properly until they were positioned? I think it's like that. What a coincidence.

453.811 - 476.295 Brandon

Yeah. But when trust drops, I think gold goes up just because of that. And I think we're at an all-time trust deficit. You know, there's... Unpack that for me. There's just a lot of stuff going on where people aren't trusting anymore. You see it all over. No one trusts the media. Nobody trusts the news. Can you imagine?

Chapter 4: How does currency devaluation affect gold prices?

523.731 - 525.273 Brandon

I'm not at $5,000.

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526.295 - 527.317 Unknown

Would you buy more gold today?

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0

527.729 - 535.537 Patrick Bet-David

Very slowly, maybe. I mean, yeah, I think it's good to have at least 7% to 10% of your whole portfolio in gold or silver.

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535.777 - 540.501 Unknown

What's more likely to happen in the next 10 years? Bitcoin goes to a million or gold goes to 50,000?

540.942 - 546.527 Patrick Bet-David

Gold's 50,000 because I have no idea what's going to happen with Bitcoin. I think Bitcoin is on a track to go to a million quickly.

546.887 - 550.511 Rob

Rob, can you run a poll on that? What's more likely to happen? Let's see what the audience says.

552.433 - 560.521 Unknown

What's more likely to happen in the next 10 years? Gold going to 50K? Bitcoin going to $1 million. Continue, please.

560.561 - 576.162 Patrick Bet-David

I think a scandalous thing could happen with Bitcoin. I think less than a 50% chance, maybe even less than a 10% chance, but still don't know who made it. So I think there's still that possibility that it could all go up into flames because it's still a pretty new thing. You think so? I mean, more than 0% chance, yes.

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