Watch part 2 of the full interview: kzitem.info/news/bejne/26GZrZN7nKGpeXo
@ridethecurve55
3 жыл бұрын
Until monetary policy is severed from political expediency, we will never get out of this trap.
@ahmedzakikhan7639
3 жыл бұрын
Why don't you bring experts with opposing views and allow them to debate ?
@nirtlocj
3 жыл бұрын
This guy absolutely nails it. This interview is worth listening to two or three times.
@clocktower1164
3 жыл бұрын
No matter how you want to deny it, USA *already is* a banana republic !
@AliceinSilverland
3 жыл бұрын
I just finished listening to it and I plan on listening to it at least once more and I don't do that very often
@jiggatwist
3 жыл бұрын
I like this Michael Gentile, he explains clearly and David per usual asks the questions in my head.
@drip369
3 жыл бұрын
David Lyn and Daniella Cambone give thee best interviews
@davebellamy4867
3 жыл бұрын
I agree with the situation analysis but he somehow gets the reason ass backwards. The central banks are not trapped. They have trapoed everyone else. I'm sure he knows that full well but isn't saying so, in order to be politically correct.
@josephpinkney3262
3 жыл бұрын
@@davebellamy4867 he means trapped by the fact they are unable to raise rates or taper buying without causing a crash.
@calvinvastelli6792
3 жыл бұрын
Yeah, I never expect much from any video with a thumbnail of, '50% Crash Coming?' But this Michael Gentile guy was very calm, collected, and used actual data to form his arguments. Solid interview.
@skydivekrazy76
3 жыл бұрын
Ask yourself... Do you almost always agree with the people you see? Then you are likely a fan boy. Not a bad thing. But someone's detrimental. If you don't have reasoning skills you are fucked.
@ronh1850
3 жыл бұрын
Great guest. He talks a bit fast, but makes great arguments and justifies his position well. It's hard to argue with his logic, which doesn't bode well for the market. The Fed is absolutely stuck.
@GoodGolden
3 жыл бұрын
I really like David, but this is one of his best interviews. Excellent.
@orangefield2308
3 жыл бұрын
I've been hearing this for 10 years, Gloom and Doom, Gold has not gone up any in 10 Years in US Dollars, Horrible investment !
@orangefield2308
3 жыл бұрын
@Vinz VanEden I wasn't born then, 10 years of QE and inflation no change, bad hedge !
@sivi9741
3 жыл бұрын
@@orangefield2308 it only went up 30% in the last 10 years and 6X in the last 20 mate …..
@mickeydrago9401
3 жыл бұрын
There's no buts about it... Replace the word but with additionally
@dragon.fromindia3235
3 жыл бұрын
Why gold price is not falling
@achillesiq491
3 жыл бұрын
I liked this guest. Michael Gentile is sharp and current. Great answers for every question and he made some really truthful comments. Looking forward to part 2 of this interview. Thank you.
@jamesodd3896
3 жыл бұрын
This fella makes a lot of sense. Some guests I can't always rationalize but I can today.
@jaykraft9523
3 жыл бұрын
One of the most cogent interviews on Kitco, and that's saying a lot, because a lot of them are very good
@marty8899
3 жыл бұрын
Excellent interview. And David you ask the questions that people want to know the answers to. I don't know how you do it, but your ability to think on the fly and pick up on comments and then follow up with probing questions is amazing. Congrats and keep up the good work!
@MartinJG100
3 жыл бұрын
If the S&P is going to crash it might as well do it properly and test the untested 1500 level and make it @66%.
@bi0lizard1
3 жыл бұрын
A year from now we will look at this video and still be wondering ‘when is this supposed “crash” going to happen’?
@bender9929
3 жыл бұрын
Agreed
@damisnsilletti2762
3 жыл бұрын
Yep they been saying this crap last 10 years
@ThePsypsy1
3 жыл бұрын
This guy is amazing! Please bring him back again. Thank you Michael Gentile for being very straight forward and clear market analyze
@vitalsigns6403
3 жыл бұрын
Come on guys…we all know The Fed is not going to do anything but make excuses to keep rates low.
@stevenearthman6516
3 жыл бұрын
👍
@theinvestmentabc6245
3 жыл бұрын
That is what everyone believes and I have a feeling they will be wrong. But it will most likely take longer for the FED to do anything than many believe
@rons5319
3 жыл бұрын
You hope.
@tenplus1025
3 жыл бұрын
I just need them to stay idiotic until I pull the equity off my overpriced trailer park!
@vitalsigns6403
3 жыл бұрын
@@rons5319 incorrect. The right thing is to have already raised rates. It is disgusting how they steal through inflation. They know they are trapped
@danielhicks
3 жыл бұрын
One of Kitcos better interviews. Really enjoyed and appreciated the information thank you
@jayr3938
3 жыл бұрын
i have been hearing about this crash for 2 years straight.
@abeaboud272
3 жыл бұрын
This man is the most rational and smarter guest you've had in a while.
@kingkai9818
3 жыл бұрын
Yea but theyve been hyping up gold all year and it's been sideways ranging all yr. Nothing special. Digital assets will redefine store of value
@dragon.fromindia3235
3 жыл бұрын
Why gold price is not falling
@doktoronyx6619
3 жыл бұрын
Once Fed ‘goes to war’ against inflation...How exactly? You can't fight 5% inflation with thinking about thinking. 0,5% interest rate hike will not be enough. Higher interest rates hike FED can't afford due to high debt. A lot of people will lose a lot of money due to devaluation of the currencies. Not just USD. They are all sinking together. This is called competitive devaluation, because competitive sinking doesn't sound well.
@diegoflores9237
3 жыл бұрын
So stock market, bitcoin ath coming if they arent going to fight inflation?
@redskinjim
3 жыл бұрын
The last time inflation was like this Reagan raised rates to 18 PERCENT we cannot do this the debt is to massive so its a catch 22
@wayneanderson8034
3 жыл бұрын
Everyone in the stock market is waiting for the first sign that the music is stopping so they can pull ALL their money out. The first rate hike is that signal & it all crashes. So the rate hike starts the pain that must occur, but no one wants to be the party that started the Big Crash.
@primeroultimo
3 жыл бұрын
I don't get it how does this work? Kitco sells gold right? And they see a USD collapse coming so they trade your dollars for their gold? Am i the only one confused by this strategy or am i missing some thing?_
@troyyerman7282
3 жыл бұрын
He's 100% spot on. Good job, Kitco, for these great interviews. You can rarely find honest viewpoints like these in mainstream financial media.
@carmangeek8882
3 жыл бұрын
Finally someone not "talking his own book", excellent.
@Corkfish1
3 жыл бұрын
Lol. Oh yeah he's not a gold bug. Not talking his book? LOL!
@Timothy_Pitt
3 жыл бұрын
Director of Solstice Gold, Roscan Gold, Arizona Metals, Northern Superior Resources, stategic advisor to Radisson Mining Resources...
@libertyovertyranny3991
3 жыл бұрын
@@Timothy_Pitt I’ve got all of them. He’s not a gold bug. He made a fortune buying oil companies when oil went from 5-10 dollars to 120+ a while back. He’s a great investor
@TylerMarsh87
3 жыл бұрын
I’d like to see this guest on more often. Excellent interview.
@deeeeeeps
3 жыл бұрын
If you have common sense this guy makes SOOO much sense. I couldn't agree with more with him.
@rons5319
3 жыл бұрын
This guy thinks wages can't be lowered. Wages go down all the time. Here's how. They fire the high paid guy and hire a low paid guy.
@jimlee4815
3 жыл бұрын
Or they just open the border to illegal immigration
@se6586
3 жыл бұрын
David is excellent as always. Posits great questions. I cannot believe how elegantly he asks savage questions
@ExtraordinaryLiving
3 жыл бұрын
Yea, David Lin is a first-rate interviewer! 🙌
@dallashellmich1487
3 жыл бұрын
Everyone knows gold will break all time highs. The question is when? With banks shorting paper contracts it’s really hard to predict when this will take place.
@carlyellison8498
3 жыл бұрын
HODL GODL! 🏅
@MagicNash89
3 жыл бұрын
Gold maximalists :)
@ShoelessNomadThailand
3 жыл бұрын
Gold is the currency of the Gods
@luisgarciab
3 жыл бұрын
Very simple. Basel III requirements have to be implemented by January 1st 2022. The reason of all these drops and manipulation is so they can get out of their unallocated Gold positions in cash settlings. That is the reason that they are not allowing Gold to go to real value. You will see by Q1 2022 Gold start to soar.
@rockymarcianothe3rd135
3 жыл бұрын
Want to agree but can't anymore. Nothing is real anymore. Why bother
@johnborrelli7944
3 жыл бұрын
Mr Gentile explained the interest rates vs debt issues clearer and with more details then anyone I have listened to. Great Interview
@jorgegrande1514
3 жыл бұрын
I do agree with Mr Gentile that the Fed is in a box. They cannot allow interest rates to get to the three or four percent range. But everybody knows this. All of the major Wall Street players, the big banks, the big pension funds, they are all expecting a reduction in the Fed bond purchasing and ultimately tiny interest rate increases. A couple of the FED presidents have come out in the last month and are talking about tapering sooner than later. This is how they prepare the markets for it. So to say that if we see tapering towards the end of this year early next year or even a 25 basis point increase in rates next year will crash the market 10 to 20 30% I think is an overstatement. The big market makers know everything that Mr Gentile knows. And I think they've already priced in this scenario. What will crash the market is what always crashes the market and that is the unexpected. Tapering and tiny interest rate increases are not the unexpected right now IMO.
@smithraymond09029
3 жыл бұрын
Perhaps one of the most rational and realistic comments I've read on here.
@mateuszliese1059
3 жыл бұрын
All these charts and the ironic thing is the correct answer regarding the future of the markets can be viewed by looking at Davids eyebrows when he is listening to the guests answers.
@alibolge
3 жыл бұрын
"Sell your gold for our unlimited printed toilet paper " Fed
@CommoditySC
3 жыл бұрын
LOL
@jayr3938
3 жыл бұрын
this is the market in a nutshell
@DavidSmith-ru6eo
3 жыл бұрын
Dollars are backed by GUNS.
@alibolge
3 жыл бұрын
@@DavidSmith-ru6eo in the history dominant states tribute another country. Now US tribute whole world with paper worth nothing. World needs another store of value which is not paper or paper contract.
@robertgarrett7007
3 жыл бұрын
A lot of people consider the Fed’s printing of currency as counterfeiting.
@99.99
3 жыл бұрын
They're planning on paying back the debt by hyperinflation...*** Banana Republic doesn't seem to do it. My head hurts. How can Washington get away with this!?
@cactusray3368
3 жыл бұрын
Ultimately, they can't.
@eurojay4847
3 жыл бұрын
Better buy bitcoin
@herrwahnsinn4229
3 жыл бұрын
Bread liners running all the central banks, and they have a world reserve currency.
@muraliv80
3 жыл бұрын
Very level headed and astute discussion - well done.
@colinmckim4515
3 жыл бұрын
The best macro interview I've heard since this whole mess started
@monkeyrater
3 жыл бұрын
great interview, look forward to more from Michael
@motokev2727
3 жыл бұрын
The problem is there's no where to put your $$$$. -Stocks are risky -Rates are too low -gold is a loser
@kathywilson9257
3 жыл бұрын
Ever heard of crypto?
@ppg4667
3 жыл бұрын
@@kathywilson9257 Ever heard of bull shit?
@frederickmuhlbauer9477
3 жыл бұрын
@@kathywilson9257 Ponzi schemes are bad places to place your wealth Kathy
@keag2425
3 жыл бұрын
Buy btc
@wayneanderson8034
3 жыл бұрын
There's a reason Gates & Buffett are huge holders of productive farm land. Food never decreases in demand. For those who can afford it, farm land is better for economic catastrophe than gold or apartments or tech stocks or electronic 1's & 0's dressed up as money.
@KrazyDiamondBar
3 жыл бұрын
This guy is a home-run knockout guest.
@RobertoLopez-nn8ty
3 жыл бұрын
I concur. Brilliant.
@networth8754
3 жыл бұрын
Michael is a logical and rational thinker. Great interview.
@angelicabrierleyspeer3812
3 жыл бұрын
Michael really has nailed this one - his arguments are clear and absolutely spot on - far more believable than the alternative narratives I've heard - especially from governments and central bankers
@casienwhey
3 жыл бұрын
I generally agree with his thesis, but being right in concept does not mean right in timing. Gold has basically done nothing the past 10 years, so you could have had the same view 10 years ago (and been correct conceptually) but 10 years go by and your account would not have kept up with inflation at all, meanwhile most stocks would have protected your purchasing power. I am sure the stock market will correct a lot at some point, but much harder to say when that will be as Keynes said the markets can remain irrational longer than you can remain solvent.
@spatrick25
3 жыл бұрын
10 years ago soon after the crisis the money supply had actually contracted, and there wasn't the same massive monetary expansion we have now. Granted, the money supply recently slowed down but I still think the timing bodes well for gold
@sivi9741
3 жыл бұрын
Gold as made 20%return In the last 10 years …. Matching the CPI-> job of gold !
@eurojay4847
3 жыл бұрын
@@sivi9741 gold is even pretty much from 10 years ago but it’s up from 5 years ago
@jimmash9353
3 жыл бұрын
That's true. If timing is right, Peter Schiff could had been on tv more often lol
@johndewever1322
3 жыл бұрын
Great summary - thank you from NZ, the land of the largest bubbles and most incompetent govt
@darienbeckett4433
3 жыл бұрын
Someone voted them in be KIND and watch us go backwards
@shaunrayson2939
3 жыл бұрын
@@darienbeckett4433 z zza
@boardgamerants
3 жыл бұрын
This is extremely well-explained.
@dadthemanthemyththelegend3348
3 жыл бұрын
Straight up logic. Good guest.
@JHatLpool
2 жыл бұрын
This is a seriously good interview. This guy Michael Gentile gives really well thought-out analysis. I am off to watch Part 2.
@bruce5285
3 жыл бұрын
If the S&P 500 drops 50%, it still has more value than Gold since Gold is cheaper today than in 2012. I'm not betting Gold will be worth more tomorrow because it's cheap now. It's been cheap for 8 years and getting cheaper. We haven't hit the gold bottom. If crypto wasn't a thing, Gold would be through the roof. Should tell you something about gold's future.
@jimmash9353
3 жыл бұрын
Yea bitcoin has an attractive side to it due to its performance and adaptations, and it could be stored in your phone or keychain in near future to pay like cash, you can't do that with gold. Bitcoin is the winning alternative unfortunately.
@frederickmuhlbauer9477
3 жыл бұрын
@@mediaisevil6730 How much do the banksters pay you to write BS like that?
@frederickmuhlbauer9477
3 жыл бұрын
@@mediaisevil6730 You’re misinformed Gold was 650 in 2006 so it’s up 175% in 15 years That’s pretty good
@frederickmuhlbauer9477
3 жыл бұрын
@@mediaisevil6730 I’m old wasnt worth the risk and I’m very comfortable NOT greedy like most of you punters
@primeroultimo
3 жыл бұрын
I don't get it how does this work? Kitco sells gold right? And they see a USD collapse coming so they trade your dollars for their gold? Am i the only one confused by this strategy or am i missing some thing?[
@frankcerveny6434
3 жыл бұрын
The Title should have been called " The Controlled Demolition of America". What about Silver ?
@TrakCar
3 жыл бұрын
I’d like to hear from Micheal every month as this develops
@LushhN
3 жыл бұрын
Yes
@lb8649
3 жыл бұрын
Yes please
@ScoopDogg
3 жыл бұрын
my fuel tank has nearly doubled in size and the pumps fill it in half the time,
@johnsonapioras8697
3 жыл бұрын
Underrated
@maneco64
3 жыл бұрын
GLD is not gold it only tracks the price. Michael Gentile is a good guest and I agree with him 100%.
@murraysaucedo897
3 жыл бұрын
Is it true that some people out there claim Chinese takeout food as the greatest cuisine of them all?
@futuresum1671
3 жыл бұрын
David 's sharp minded questions are directly on point to elicit precise answers. BRAVO!
@tonyyelverton92
3 жыл бұрын
Finally someone willing to have a realistic conversation …
@CarbLoaded
2 жыл бұрын
Is there a relationship between soaring debt/raising rates...and the fed not being able to afford the "cost"...for the lack of a better word? Is there an actual (financial) mechanism that would make the process of the Fed raising rates too expensive? This may be a bit over my head...
@valueinvesting6059
3 жыл бұрын
repo market over 1 trillion and consumer sentiment levels under last April's. Ticking time bomb
@caseylm100
3 жыл бұрын
Who is to say the fed just won’t lie about inflation. It already does in a way.
@JC-XL
3 жыл бұрын
They might continue to lie, but any people will start realising they are being lied to and love confidence. If the $50k vehicle you were looking to buy goes for $60k a year later, and then they tell you well inflation was transitory and went back to 2%, but the vehicle now sells for $70k, and a property in the area was $500k 2 years ago and now is $800k, are you going to trust your eyes or the FED?
@arthurmontana8791
3 жыл бұрын
I think that Mr. Gentile is assessing the current interest rate/inflation environment from the standpoint of the 1970's (high unemployment/broad-based rising prices). The current environment, which is now mostly global in nature, is very, very different. In the Seventies, there was a global component to our U.S. economy, but it was very much oriented around energy imports. Now, the U.S. is much more energy independent. Now, most consumer products are manufactured in ultra low-wage nations (disinflationary). In the Seventies, that was NOT the case. Then, most consumer products were made in the U.S. and the U.S. was highly energy-dependent on oil producing nations (high energy cost/U.S. made products was inflationary). Back then, a group of energy-producing nations recognized how dependent the U.S. was on their oil. So, they formed a cartel; called OPEC. That led to tremendous cost-push inflation on the energy side of the economy. This led to a grave economic recession. OPEC learned from that era not to bludgeon its best customer with a club. Moreover, the U.S. has become increasingly less dependent upon OPEC (disinflationary) while we can all buy a $80 microwave oven made in China (deflationary). In summary, there are more disinflationary currents in our economy than inflationary currents.
@MrJazzyify
3 жыл бұрын
Wow...lots to process here. 😬Very informative. Thanks Kitco, great questions and responses.
@Bigsparky710
3 жыл бұрын
Ya this guy is spot on bring him back for sure.
@nedrawlings6762
3 жыл бұрын
He made his case for Gold very clear. I never heard him mention BTC - did I miss?
@ScenarioSafe
2 жыл бұрын
He mentioned on another interview. BTC to plummet 80% if market plummets 50%.
@desiebawden61
3 жыл бұрын
Two bright boys giving us real input ! Thank you 🌎🌸
@koffibanan3099
2 жыл бұрын
Please bring him on again, so far he has nailed it!
@bidmcms3
3 жыл бұрын
This channel has been calling an imminent huge crash for a freakin year.
@OggiOggiOggi
3 жыл бұрын
Got to keep the idiots watching.
@kebman
3 жыл бұрын
So a pretty short period. Certainly a lot shorter than Lynette Zang, Peter Schiff or Gerald Celente. :)
@justinsands4633
3 жыл бұрын
@Josue Miguel they didn't call covid though did they? it was a once in a lifetime pandemic, stop grasping at straws because they/you have been so wrong for so damn long.
@johnwicksfoknpencil
3 жыл бұрын
@Josue Miguel Covid was well over a year ago. Irrelevant statement.
@petejames1326
3 жыл бұрын
if the FED dont raise % rates and let inflation run, the stock market will just keep getting higher and higher, with unlimited QE and if the FED cut rates to NEGATIVE levels the DOW could get to 50,000 or 100,000 im serious, why sell your stocks to be in cash thats losing 5% a year in value? if you think we will get hyperinflation just keep your money in stocks.
@davelawson2564
3 жыл бұрын
with low to negative rates , less investors will buy T. Bills , lowering demand for dollar , stocks will have to drop , gold will surge
@j.lizbardo
3 жыл бұрын
Good interview. Gentil is clear with his thought process.
@sotocine99
3 жыл бұрын
I remember 1999 and 2008. Now it is the same game.
@SupermanCrypto1
3 жыл бұрын
David is doing some great interviews.
@moon1val
3 жыл бұрын
Explained the current scenario brilliantly. Excellent interview.
@pabs5270
3 жыл бұрын
Bought loads of silver @ $27 about 10 years ago. Was told is was a great “inflation hedge”. Was told it would probably be about $100-$200 in ten years. Silver has been a big loser.
@johnwicksfoknpencil
3 жыл бұрын
Silver is the longest game in the game. Most painful but also the most rewarding in the end.
@pabs5270
3 жыл бұрын
@@johnwicksfoknpencil look at a chart. Sharp spikes up every decade - for about 30 days. Then back DOWN, for the rest of the decade. Miss the spike and you’re holding a loser.
@johnwicksfoknpencil
3 жыл бұрын
@@pabs5270 The last 90% of movement happens during the final 10% of the time
@dave8212
3 жыл бұрын
Thanks Michael & David 👍😉❤️
@HelnoIaint
3 жыл бұрын
PM’s is a valued hard asset , fiat and crypto’s are backed by nothing but faith we’ll see who wins when shit hits the fan
@tonebonetones
3 жыл бұрын
If you are foolish enough to place FIAT and crypto in the same 'backed by nothing' boat, then you should really stay clear of any form of investing.
@drip369
3 жыл бұрын
@@tonebonetones well prescious metals aren't an investment, since they have no risk, they have no return. They are literally payment in fist. Maybe pinch your nose when you try to troll so we all can get a small chuckle out of the noise
@drip369
3 жыл бұрын
@Wesley Henry they didn't hack my hidden gold and silver while one crypto lost multiple millions. I prefer things of certain.
@eurojay4847
3 жыл бұрын
@@drip369 inflation has outperformed gold over the past 10 years so you are holding a melting ice 🧊 cube….I’ll take my BTC
@ppg4667
3 жыл бұрын
@@eurojay4847 Yeah but noone else will take it "for anything" when it's crashing. . .
@tenplus1025
3 жыл бұрын
David is a stud! All the guests are awesome. This channel is the shi$
@AtMyHappyPlace
3 жыл бұрын
Michael Gentile is an excellent guest - please bring him back often.
@tgymartin
3 жыл бұрын
Awesome stuff here David! Always love to hear the tough questions being thrown out.
@stuartmalin661
3 жыл бұрын
There is a presumption here that gold continues to serve its historical function as a store of wealth. I submit that may no longer be the case.
@simony2801
3 жыл бұрын
Your wasting your time, kitco just pumps gold. They must have a financial interest in gold to keep doing this.
@bender9929
3 жыл бұрын
Shhh
@HassanPoyo
3 жыл бұрын
Crypto
@gregfawcett5152
3 жыл бұрын
Yes...Gold confiscation act 1933...This guy is a good salesman just trying to pump up gold...
@AnthonyGiallourakis
3 жыл бұрын
On the day of the crash in 1987, gold stocks rallied.
@willsupernintendo
3 жыл бұрын
Yes but this has been the everything bubble and IMO a crash would be the everything crash. Every man and his dog has access to margin trading nowadays.
@apollobx709
3 жыл бұрын
Plesantly surprised by this interview. Fantastic guest.
@ChristianTakushi
2 жыл бұрын
Excellent interview - one of the best economics-investments analysis I’ve seen this year. Michael Gentile and the host are spot on
@franciscoperez789
3 жыл бұрын
Wow, this guy is on point! Great guest!
@michaeldob9526
3 жыл бұрын
Government's revenue depends on the market so I doubt Fed would ever go to war against the inflation. Politicians want to get elected and push the ball down the road and government needs revenue. This is why Fed will keep the gravy train going.
@stayyoungandstrong.260
3 жыл бұрын
This Michael guy is brilliant. Excellent logic.
@beesomsak6727
3 жыл бұрын
An excellent interview. One of the best. Well said interest rates need to go up soon to stem this inflation. The FED is trapped with debt. The cost for a 40ft FCL from Bangkok to New York is now $US19,000. Shipping costs have over doubled & containers are hard to get now. So that affects trade, cost of products, end market sales as inflation is killing logistics....
@quantumindicesfuturestrade6873
3 жыл бұрын
Glad I found you David. Followed on twit as well. Michael is working it out. We are in an inevitable damned if you do damned if you don't spot. I think gold and silver is a great hedge.
@ericulric223
3 жыл бұрын
"Inflation's not where it was in the 70s" Yeah, that happens when you've redefined inflation to exclude things it used to include so it appears lower.
@cramsa
3 жыл бұрын
Exactly, that man is probably a government shill… real inflation is about 13%.
@patmercer706
3 жыл бұрын
Great interview David. Michael is one of the smartest and clearest economic thinkers of our times.
@GamerNate
Жыл бұрын
Well, Mr Gentile, you were completely wrong about the Fed being trapped and not raising interest rates by more than 0.25%. Hindsight is a wonderful thing.
@tommysyrb6644
3 жыл бұрын
Buy gold and silver as much you can effort and continue with your life... don’t worry , no matter what’s gonna happen... YOU will be financial safe and a winner
@mikewalters
3 жыл бұрын
He said 30t in debt & highest rev was 2019 at 3.5t. That's sort of like being $5 million in debt with a HH income of only 500k. That doesn't sound fiscally healthy
@PorscheSweden
3 жыл бұрын
Imagine if the interest expenses go to 1,5 trillion a year. More than 30% of the annual budget is gone, the US will clearly have to cut back on every spending bill (AKA most of the US will develop like Detroit)
@bensensei22
3 жыл бұрын
great channel. the labelling of the topic on the scroller is great too!
@andrewalfredson7006
3 жыл бұрын
great interview!
@jonathonwagner2166
3 жыл бұрын
David....you should get David Hunter on for an interview. He's been saying all of this that MIchael Gentile just said since the crash last year. Many people are all now coming around to the thesis he's had all along. He's got a shockingly interesting macro view.
@josephspurgeon3668
3 жыл бұрын
Dave has swung for the fence as of late and struck out
@ATOR-GLADI
3 жыл бұрын
him and gregory mannarino
@jonathonwagner2166
3 жыл бұрын
@@josephspurgeon3668 Only his timing has been off. When all is said and done….I think his targets will be met. You listen to Chris Vermuelen starting to predict this blow off top end result, Fund Strats Tom Lee is predicting an “everything rally” once delta reverses….and the guys at Macrovoices continue to call for a melt up. As the saying goes…the markets can stay irrational longer than you can stay solvent. I think the Fed will do all it can to draw this inevitable out as long as possible.
@walterlouis4828
3 жыл бұрын
Before discussing trading setups and possible strategies most importantly you needs trading plan. Trading is all about eliminating to the minimum the losing trades and achieving winning ones. A skill that takes time and a lot of work to achieve.
@stephentownsend3297
3 жыл бұрын
I totally agree with you, at the bane of issues with most traders is that they set unrealistic goals.
@vivianbrown7264
3 жыл бұрын
Been wanted to get into the market. still dont know how to. Any insight ?
@sophiamiller2682
3 жыл бұрын
I worked with TAMARA DIANE HAGAN as a beginner. Look her up .
@miaharper346
3 жыл бұрын
Thank you. Will look her up.
@miaharper346
3 жыл бұрын
Found her website . thanks
@juststeveful
3 жыл бұрын
Great discussion! Seriously speaking! Lots of information!
@jketheridge
3 жыл бұрын
A big issue further to this, is that this inflation issue is not localised to singular countries, it is something that is occurring world wide.. I find this deeply concerning.
@logicomega7
3 жыл бұрын
There is a possible flaw in this analysis. A large percentage of gold investments has gone to bitcoin and other crypto currencies. Its possible for this trend to continue. Gold may never re-capture its previous valuation.
@claudius_drusus_
3 жыл бұрын
Doesn't change any of the fundamentals. Cryptocoins aren't money. Gold and silver are.
@goldenman85
3 жыл бұрын
Crypto is an alternative and is good to be in both markets i believe...70 percent gold and silver 30 percent crypto. maybe less crypto...
@aucourant9998
3 жыл бұрын
A lot of crypto also went to gold in the last drop.
@aceyage
3 жыл бұрын
@@claudius_drusus_ Ok, boomer.
@logicomega7
3 жыл бұрын
@@claudius_drusus_ Thats a very limited viewpoint. Some crypto's absolutely are "money" and I suspect the role of blockchain will continue to expand. Also, look for more countries to adopt next year not unlike El Salvador. I'm not saying the Gold/Silver market goes away btw.
@drip369
3 жыл бұрын
I'm very confident in miners, royalties and a decent amount in the utility division, if that division gets a proper valuation while everything else pops. Ok. Let's listen to this interview
@rockymarcianothe3rd135
3 жыл бұрын
In miners??? You must be kidding
@rubenschipper5511
2 жыл бұрын
It's the first time I fully agree with an analist.
@philreuter4156
3 жыл бұрын
Love this dude keep bringing him on
@wesbaumguardner8829
3 жыл бұрын
In short, it is nothing but debt monetization: debasing the currency and robbing the holders of the debt notes blind.
@jimmash9353
3 жыл бұрын
And we had been complaining the petro dollar is at risk....
@strawberryme08
3 жыл бұрын
I wonder how long things will hover where it’s at now before the official hard crash.
@modo203
3 жыл бұрын
They've been calling it out since 2011, hosting one clueless guest after the other. I use kitco as a contrarian indicator. When they say crash I go out and buy some more.
@alordi2701
3 жыл бұрын
When they taper
@fudogwhisperer3590
3 жыл бұрын
Isn't reverse repo a form of tapering? Its taking liquidity out of the market.
@petercrosby6549
3 жыл бұрын
A very good explanation of the dislocation of inflation to interest rates, creating a once in a lifetime risk and reward scenario!
@richardpeychers4076
3 жыл бұрын
Rising gold price indicates a loss of confidence in the currency so it must be suppressed so the system can kick the can down the road.
@williamgilpin8571
3 жыл бұрын
Instead of gold, silver, etc....Hedge with crypto, crypto is now now inversely correlated inflation acting similarly to precious metals
@gerardm.5047
3 жыл бұрын
You mean the crypto market where 8 new coins and 1 new dApp coin appear everyday? And that's different from money printing how?
@aristark559
3 жыл бұрын
Patrick Karim and Michael Gentile, absolute remarkable interviews on Kitco!
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