TRUNEWS with Rick Wiles - World Awaits Iranian Response to Israel’s Embassy Attack

Episode Date: April 12, 2024

If you pay any attention to the financial markets, you already know that the price of gold is an upward trajectory. The price of an ounce of gold on December 31, 2023 was $1940.50. Gold is now selling at over $2300 per ounce. CNBC is reporting that the rally in gold could be still in the early stages according to financial charts. How high will the price of gold go in 2024? Later in today's TruNews, Israel is reportedly preparing for a potential direct attack from Iran, possibly targeting southern or northern regions, expected as early as Friday or Saturday. This information comes from a source familiar with the situation. Meanwhile, an individual briefed by Iranian leadership mentioned that although there are discussions about an attack, no definitive decision has been made.Rick Wiles, Doc Burkhart, Jonathan Rose Airdate 04/12/2024Listen to this FULL show exclusively on Faith & Valueshttps://members.faithandvalues.com/posts/world-awaits-iranian-response-to-israels-embassy-attackJoin the leading community for Conservative Christians! https://www.FaithandValues.comYou can partner with us by visiting https://www.TruNews.com/donate, calling 1-800-576-2116, or by mail at PO Box 399 Vero Beach, FL 32961.Now is the time to protect your assets with physical gold & silver. Contact Genesis Gold Today! https://www.TruNewsGold.comGet high-quality emergency preparedness food today from American Reserves!https://www.AmericanReserves.comIt’s the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. Now available in eBook and audio formats! Order Final Day from Amazon today!https://www.amazon.com/Final-Day-Characteristics-Second-Coming/dp/0578260816/Apple users, you can download the audio version on Apple Books! https://books.apple.com/us/audiobook/final-day-10-characteristics-of-the-second-coming/id1687129858Purchase the 4-part DVD set or start streaming Sacrificing Liberty today.https://www.sacrificingliberty.com/watchThe Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today!https://tru.news/faucielf

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15th. Head over to AmericanReserves.com and take the first step towards safeguarding your family's needs today. Be wise. Be ready. American Reserves. I'm Rick Wiles, and this is True News. If you pay any attention to the financial markets, you already know that the price of gold is in an upward trajectory. The price of an ounce of gold on December 31st, 2023 was $1,940.50. Gold is now selling above $2,300 per ounce. CNBC is reporting that the rally in gold could still be in the early stages, according to financial charts. Well, how high will the price of gold go in 2024? State Street Global Advisors Chief Gold Strategist, Mr. George Milling Stanley, told Yahoo Finance that he is expecting gold to swing up to $2,400. But another veteran analyst, Mr. David Rosenberg,

told MarketWatch that gold will top $3,000 per ounce this year. Well, I'm going to bring Mr. Jonathan Rose into this podcast. He is the founder and president, chief executive officer of Genesis Gold Group. And I suspect that Mr. Rose is going to be too cautious to make a price prediction, but I will ask him anyway. Jonathan, you want to make a prediction how high gold will go this year? You know what? That's a great question. And thanks for having me back on, Rick. You know, people ask me every day, you know, I was being grilled by Reuters and they'll ask me price prediction for this year. I think we're definitely in a trending space where I agree, you know, we could see, you know, $3,000 an ounce for gold. I'm one for never normally

putting my neck out on the line because people then say, why do you never hit that? And then they point the fingers at you. However, I am very bullish on the commodity right now for a few reasons. And I always kind of make that statement that we don't have a crystal ball, but we have a pretty good roadmap. And one thing I've been talking to people a lot is about this debt that this country has, the U.S. debt. And just to put it into perspective, the U.S. debt is accumulating $1 trillion every 100 days. And that's not by printing money. That's just on the interest that we owe on the existing debt. So $1 trillion. It's mind boggling. The average person,

including myself, we can't even comprehend it. A trillion dollars every 100 days. And national leaders are acting like it's not a problem. Yeah. So when you say to me the price of gold, I look at an asset like Bitcoin, a man-made token, and nine out of 10 people still can't explain what Bitcoin does. And it went to $70,000 for a token. Why can't gold go to $5,000 an ounce? It's a precious resource. There's limited amounts of the yellow metal out there. It has a proven track record longer than any mutual fund or stock or even a cryptocurrency. So when people say to me price of gold right now, I think in this market, and I'm not scared to say $5,000 an ounce for gold, I still think that will it happen this year? I don't know. But $5,000 an ounce for gold is extremely reasonable. And this debt that we have, what people must know about this debt

is that it's insurmountable. You can only kick the can down the road before something catastrophic happens with the US dollar. The Western dominance is over. We all know this. There's brick nations that are banding together to create their own currency backed by gold, which we've obviously touched on before. But as the US money reserve are literally printing money and pushing it out the front door, the central banks are coming in the back door and they're buying gold. So much so that since post-COVID, the amount of gold central banks are buying is up 80%. 80%. So what does that mean?

Well, it basically means, in layman's terms, that these big central banks, the central cartels, they're stockpiling gold right now at unprecedented levels. Never in history have we seen the amount of gold buying by these banking systems in our history. So what does that tell us? Well, it tells us that they're looking for some unstable, uncharted waters ahead. And those uncharted waters ahead, we have a lot of problems in the world today. Frankly, that's very obvious. But debt does matter. $1 trillion, yes, it's unfathomable how much money that is. But at some point in time, people who have retirement accounts and they're tied to the stock market,

whether it's IRAs or 401ks, they are at risk of being financially wiped out. And when you look at assets like gold, and this is a one kilo bar of gold right here. These are the types of assets, something that's tangible. If I drop this on my foot, I'd say, ow, because it's heavy, right? People want something that they can hold and something they can touch. When we talk about inflation, while you were just doing your opening monologue there, I kind of saw one of these on my desk. It's a $20 gold piece. And it was called $20 because in the year 1920, you could take one of these and you could take one of these, a $20 bill. And in the year 1920, they were both worth the same. And in fact, in the year 1920, one of these or one of these,

they're the same value. They would buy a man a brand new suit back then. Today, this same $20 gold piece is just worth over $2,400, probably a lot more because this is a rarer date coin. So it has a lot more of an intrinsic value to it. But the point being is, it would still buy you a beautiful designer suit today. Yet this $20 bill wouldn't even buy you a designer tie to match that designer suit. So if you just looked at the word inflation and made a case for gold against inflation, that's the number one reason why people should be buying gold. Because as the dollar has lost value year after year, the price of this stuff, gold, and a finite supply of it has kept pace with inflation, and it's going up. That's always been one of the major draws for gold. But when you start adding in

geopolitical problems that we're having, whether you're talking about Israel, Russia, Ukraine, what's next? Is it the supply chain issue? Is it the real estate market? Is it the next bird flu? Is it the next catastrophe that we don't know, but it's just around the corner? When you factor in all these other issues that we're having here domestically and internationally, it really does make sense to have something in your portfolio that's going to essentially be an umbrella for a rainy day. It's going to be insurance, a flight to safety and security. And that's exactly what this piece of metal does here, is it gives you a hedge against uncertainty, against monetary devaluation, and it's going to give you peace of mind. So with

everything that we're witnessing today, US debt and everything else I'm mentioning here, it really does make sense to hold gold either at home as a safety hedge and security. Or if you have a retirement account, learn how you can physically put precious metals such as gold and silver into an IRA or 401k, keep it tax deferred and safeguard your portfolio. And that's what I've kind of been telling people this year to do, because 2024 is going to be the year of turmoil. Jonathan, I think the most, for me, the most important thing you said, and you said a lot of very important things regarding the economy and the state of the world. I think the most important thing you said is that central banks around the world are hoarding gold. Okay, their faith is not in their fiat money.

Just stop, everybody, just think it through what he said. If the central banks are hoarding gold, it means they don't have any faith in their fiat money. If they did, they would hoard their own money. Right? If your confidence was in paper money, you would be hoarding more paper money, but they're hoarding gold. And I have a theory about this, too, as well, to share with you. So one of my clients works for Brinks Operations. He's very high up and he was responsible for the FedNow coin, which is the precursor to this whole central bank digital currencies nonsense, which we'll talk about another time because there's nothing good about a digital dollar. But one thing Brinks are doing right now is he told me that they are actively building

for the Federal Reserve new depository facilities across America. He didn't give me the locations. And I asked him, why do you think new banking depository facilities are being built? And he couldn't answer that question. But one of my theories behind this is what's going to be stored at these depositories. Well, I think one of the assets they're going to keep there is precious metals, such as gold and silver. There's a finite supply of precious metals out there. And when you hear stories that the central banks are net buyers of gold, which basically means they're holding gold,

and they haven't bought this much gold since post-COVID levels, you really have to understand that alarm bells are going off. The government, like you said, they're not going to back up your dollars for you. If they were backing up their own dollars, then everyone would be knowing about this and the market would have a good feel feeling, which we don't have. That's what makes BRICS countries so appealing to many other nations because they want to back up a currency with a real commodity. So if the government isn't going to back up your dollars for you, it's really important to get an education and an understanding of how you can back up your own dollars with physical assets, whether it's

bars, whether it's coins. It's really important to get an education and be proactive and not reactive, because you don't buy the flood insurance after the bank's burst. You obviously want to purchase it beforehand. And there's a reason right now why gold continues to rally. Could it pull back a bit tomorrow? Absolutely. Could it go down next week? Absolutely. Just like with a stock, just like with a bond, just like with the housing market. But you have to look at the long-term trend of gold. And when you look at the long-term trend of gold and you look at the fundamentals, the fundamentals for gold, excuse the pun, they shine. And they shine very bright. It's almost like a big neon sign saying, buy me, buy me. And people need to understand that the really security you're going to get by holding onto

precious metals is going to be an asset that nothing else in the market is going to give you right now. It's liquid. And that's probably one of my favorite advantages of gold because it's liquid. If you get into a pickle, you need the money, you can sell it. If you buy an asset like a real estate or a house, which I also think is a great asset, can you turn around and sell that in 24 hours? No, you have to go through the whole long drawn process of listing your house, finding a buyer. We know how that goes. But with gold, this is as liquid as the cash that's in your bank. So

if you want to safeguard your money, protect it. But let's say you need access to it. You can liquidate it and sell it at any time. And that's, I think, one of the key advantages people sometimes forget about about the yellow metal. That's right. And it's something I tell people about cryptocurrency, all coins. People ask me my personal advice, and they'll show me an altcoin that's selling at a really low price. I mean, fractions of a penny. Well, if I put $20,000 into this, I'll have 2 billion altcoins. And what I tell them is, you have to have, there has to be a buyer somewhere. You know, you're buying something that's already in the basement, and you're gambling that it's going to come out of the basement. There has to be a buyer for this altcoin that you're going to invest in. So you got to be extremely careful,

because if there's no buyer out there, you're holding junk. So when you say gold is liquid, there's always somebody that will buy gold. There's never a time when there's no buyers of gold for precious metals. For me, there are three primary ways people can own gold. And I think all three are good. And I think all three together are probably the best strategy. That's my personal view. That would be, number one, physical gold, where you actually have possession of the gold. It's in your hands. You have it stored somewhere that only you know.

You don't tell your neighbors. You don't tell your co-workers. You have your own gold. Number two, offshore storage in a place like Singapore, a place that's reputable where you can buy gold coins, store them there. a trustee and your gold is placed in a secure depository and you know that that gold is there and that is backing your retirement fund. And I think all three strategies are good. As an American who keeps up with the real news, you know by now the severity of the economic issues that are plaguing our great nation. My name is Jonathan Rose and I'm the CEO of Genesis Gold Group. 2024 is a year full of uncertainties. Now is the time to use physical gold and silver to preserve your hard-earned retirement savings with a gold IRA.

Don't be fooled by other big gold gimmicks offering $10,000 of free silver. I'm here to tell you what these other big gold companies don't want you to know. Our team has decades of experience helping people just like you roll over their IRAs and 401ks into a gold IRA. Learn the secrets behind these unhinged tactics by calling the people you can trust. Genesis Gold Group. Genesis Gold Group empowers faith-driven stewardship. Call Genesis Gold today at 1-800-200-GOLD for a no-commitment, informative consultation and to receive your free definitive gold guide. Call now or visit truenewsgold.com.

A businessman told me, he asked me if I knew the name of a certain pastor, and I said, no, I don't. And he told me the name of the church and the location. I looked it up. It's a very big Calvary Chapel church on the West Coast. You know, a lot of members. that the pastor is a hardcore Zionist and that he is leading a large tour group of Christians from his church to Israel

in the next two weeks to show solidarity with Israel. I don't understand that reasoning. Even if you're a hardcore Zionist, I would not risk the lives of other people right now to make a political point. And that's what it would be. It would be a political point. Exactly. It's not a spiritual point. I'm not scheduling a tour of Jordan right now.

Jordan's not in this war. But any minute, they could be engulfed in it. You know, so why are American pastors saying, we've got to take large delegations of Christians from America to Israel right now to show the world that we stand with Israel. We're not condemning Iran. I mean, we're not condemning Israel for bringing the world to the edge of all-out war. But we're going to tell other countries, you just take the hits and like it. Right. To watch the rest of this episode, explore exclusive content, join a community of like-minded believers, and foster a Christ-centered family, this. us at Faith and Values.