Tom welcomes back, Jesse Felder, founder, editor, and publisher of The Felder Report, to discuss inflation and its impact on investments. Felder argues that American citizens consider inflation a major issue, despite the Federal Reserve’s efforts to contain it. He suggested the Fed might accept higher-than-targeted inflation levels in the future.

Felder touches upon bond markets as indicators of potential inflation trends and the possibility of another “lost decade” for stock and bond portfolios due to current valuations. Felder criticizes passive investing, citing negative annual returns over a 10-year period, and emphasizes individual investors’ attention to Warren Buffett’s investment philosophy, focusing on valuation sensitivity.

Buffett’s massive cash position in Berkshire Hathaway was discussed, with reasons for his disinterest in gold and cautious approach due to concerns over the fiscal situation. Jesse suggests individual investors pay heed to Buffett’s underlying investment strategy while acknowledging opportunities unavailable to Berkshire Hathaway.

Felder also highlights the potential for a steep market reversal following the stock market’s overexuberance post-Trump’s election and emphasized insider activity and buy-sell ratios as indicators of earnings and economic disappointments in the equity market. He encourages investors to be cautious given current extreme valuations.

Felder expresses his interest on oil and gas stocks due to the changing inflation environment and the new floor at $70 for oil prices. He believes that energy producers would benefit from a more stable foundation for their commodity, despite concerns about the Strategic Petroleum Reserve’s size and potential implications of inflation and peak oil production.

Time Stamp References:
0:00 – Introduction
0:37 – Inflation Been Fixed?
3:45 – Fed & Inflation Targets
8:16 – Bonds & Reality
11:38 – Tariffs & Tax Cuts
14:10 – A Lost Decade?
18:05 – Warren Buffet Position
28:14 – Risk Exposure & Gold
32:08 – Market Exuberance
36:50 – Avoiding Loss
38:30 – Valuing Sectors
40:00 – Energy & Tech
43:44 – SPR & U.S. Production
46:38 – Peak Energy & Inflation
49:00 – Equity Mkt. Concerns
50:12 – Wrap Up

Talking Points From This Episode

• American citizens perceive inflation as a significant problem, despite Federal Reserve’s attempts to control it.
• The Fed might accept higher-than-targeted inflation levels in the future.
• Buffett’s cash position and disinterest in gold, potential market reversal, and focus on oil and gas stocks are notable.

Guest Links:
Twitter: https://twitter.com/jessefelder
Website: https://thefelderreport.com/
Articles: https://thefelderreport.com/blog/

Jesse Felder is the Founder, Editor, and Publisher of The Felder Report. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Since moving to Bend, Oregon in 2000 and founding The Felder Report shortly thereafter his writing and research have been featured in major publications and websites like The Wall Street Journal, Barron’s, Yahoo!Finance, Business Insider, RealVision, Investing.com, and more. Jesse also hosts and produces the Superinvestors and the Art of Worldly Wisdom podcast.

Tom Bodrovics interviews Doug Casey in-person at his home in Argentina assisted by Ivor Cummins. Doug emphasizes the importance of focusing on areas like economics, history, science, self-improvement, and traveling to broaden perspectives amidst political uncertainties. He suggests that Argentina, Chile, Uruguay, Paraguay, southern Brazil, and the Southern Cone of South America could be ideal for relocation due to their civility, open spaces, low population density, and capacity for food security.

Doug shares his affinity for Argentina, despite its political instability and frequent revolutions, and praises its culture, ranching, and potential for food security. Doug expresses dismay over U.S. politics and the nomination of Kamala Harris, labeling her ‘stupid’ and ‘evil,’ alleging communist leanings. He believes that a potential economic downturn might be preferable for societal rebuilding but fears the Democrats’ potential power consolidation.

Doug discusses the upcoming economic downturn’s potential severity and longevity, comparing it to the Great Depression, due to the historic size of the financial bubble and vast debt accumulated by individuals and governments. He advocates for individual preparedness and self-reliance, advising listeners to learn new skills, acquire gold and silver, and speculate in markets. Doug also expresses optimism, suggesting humanity might explore other planets to overcome challenges and discusses the recent election’s impact on Gold and Silver prices, maintaining their fundamentals despite short-term fluctuations. He disdains market distractions like meme stocks and advocates for gold miners due to their low valuation relative to historical standards.

Talking Points From This Episode

• Doug Casey advocates for relocation to South America due to political instability and potential food security.
• He criticizes U.S. politics, particularly Kamala Harris, and predicts economic downturn and societal rebuilding.
• Casey advises individual preparedness, learning new skills, acquiring gold and silver, and investing in markets.

Time Stamp References:
0:00 – Introduction
1:01 – Politics & Perspectives
3:55 – Plan B & Safe Countries
10:09 – Feel of South America
14:44 – Elections & Kamala?
16:30 – Positivity & Trump?
17:28 – Power & Deep State?
20:35 – The Greater Depression
24:19 – Migratory Invasion
26:20 – Agendas & Migration
27:30 – Financial Bubbles & Debt
29:40 – Fight and/or Flight?
31:20 – Election & The Dollar
34:15 – Gold Bull Markets?
37:03 – Debt & Depression
39:30 – Gold Bull Markets
41:48 – Knowledge & Trust
42:33 – Government Dependence
43:39 – Novels & Wrap Up

Doug Casey:
YouTube: https://www.youtube.com/channel/UCEJR3OAeHBNz7aGtFRZXArQ
Doug Casey’s Take: https://internationalman.com/
Amazon Novels: https://tinyurl.com/an3uxhc

Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on “rational speculation,” especially in the high-potential natural resource sector. Doug’s most recent book, “Assassin,” can be found on Amazon.

He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. Doug has lived in 10 countries and visited over 175. Today you’re most likely to find him at La Estancia de Cafayate (Casey’s Gulch), an oasis tucked away in the high red mountains outside Salta, Argentina.

Ivor Cummins:
X: https://x.com/FatEmperor
Website: https://thefatemperor.com/
YouTube: https://www.youtube.com/@IvorCumminsScience

Ivor Cummins BE(Chem) CEng MIEI completed a Biochemical Engineering degree in 1990. He has since spent 30 years in corporate technical leadership positions. His career specialty has been leading large worldwide teams in complex problem-solving activity.

Since 2012 Ivor has been intensively researching the root causes of modern chronic disease. A particular focus has been on cardiovascular disease, diabetes and obesity. He shares his research insights at public speaking engagements around the world, revealing the key nutritional and lifestyle interventions which will deliver excellent health and personal productivity. He has recently presented at the British Association of Cardiovascular Prevention and Rehabilitation (BACPR) and also at the Irish National Institute of Preventative Cardiology (NIPC) annual conferences.
Ivor’s 2018 book “Eat Rich, Live Long” (co-authored with preventative medicine expert Jeffry Gerber MD, FAAFP), details the conclusions of their shared research.

https://rumble.com/embed/v5necnn/?pub=13ry0f

In an in person interview at Doug Casey’s home in Argentina, Tom Bodrovics hosts Michael Yon and Ivor Cummins. The discussion revolves around the profound shifts in the global order post-Trump election. Michael Yon, a combat correspondent, author, and former Green Beret, underscores this era as pivotal due to evolving geopolitical dynamics rather than the election itself. He believes globalism, an age-old concept, gains traction with modern technology.

Yon implicates certain entities, namely Zionists, seeking control over specific territories for their interests. He warns of their intent to target Iran, Hamas in Gaza, Hezbollah, and Russia. Furthermore, he highlights the struggle between oligarchs, some aiming to decrease the world population and deindustrialize Europe.

The conversation delves into U.S. intentions behind the Nord Stream pipeline conflict with Russia. Factors include maintaining geopolitical distance, economic implications, and European deindustrialization. Threats from the U.S. towards fertilizer and agriculture sectors as potential means to instigate famines are also examined.

Michael questions Trump’s ability to end wars based on campaign promises and cautions about their unpredictability and longevity. He introduces concepts like staked goat tactics and green flag attacks, hinting at potential deception in conflicts.

Emphasizing the significance of clear language and context, Michael defines ongoing issues as invasions instead of crises or migrations. Weaponized migration as an ancient tactic of warfare is also discussed. Possible safe havens for personal freedom and security are debated, with reference to Doug Casey’s preferred countries.

The evolving perspective on drugs as weapons is addressed, including historical examples like the opium wars. Various forms of warfare, such as drug warfare and information warfare, are explored as tools used by adversaries to disrupt societies. Personal insights from Asia regarding Chinese infiltration into American political systems and banking sectors are shared. The detrimental effects of drugs on families and society are acknowledged, with concerns about their potential to weaken resistance against adversaries’ strategies.

Criticisms of political figures like Trump and Harris are voiced, as well as HIAS’s role in facilitating migration through the Darien gap in Panama. Influential figures like Alejandro Mayorkas, now leading the Department of Homeland Security, are mentioned in this context.

Timestamp References:
0:00 – Introduction
1:08 – Changing World Order
10:45 – Euro Problems & Farms
15:42 – Trump & The Conflicts?
23:00 – Invasion of the West
32:00 – Getting Out of Dodge?
34:10 – Attack Vectors & Drugs
38:53 – Stress and Life Quality
42:10 – Darien Gap & NGO’s
50:52 – Building Resilience?
53:20 – Gold & Jekyll Island
57:38 – Strategic Metals & Silver
1:00:04 – Get On Your A-Game
1:01:18 – Wrap Up

Talking Points From This Episode

• Zionism desire to control regions and planned actions against Iran, Hamas, Hezbollah, and Russia.
• Globalism’s revival: Yon argues that it has existed since ancient times but is now more feasible with advanced technology.
• The U.S.’s Nord Stream motivations: Geopolitical separation, economic implications, and deindustrialization of Europe.

Michael Yon:
X: https://x.com/Michael_Yon
Website: https://michaelyon.com
Website Mentioned: https://hias.org

Michael Yon is a former Green Beret, native of Winter Haven, Fl. who has been reporting from Iraq and Afghanistan since December 2004. No other reporter has spent as much time with combat troops in these two wars. Michael’s dispatches from the frontlines have earned him the reputation as the premier independent combat journalist of his generation. His work has been featured on Good Morning America, The Wall Street Journal, The New York Times, CNN, ABC, FOX, as well as hundreds of other major media outlets all around the world.

Ivor Cummins:
X: https://x.com/FatEmperor
Website: https://thefatemperor.com/
YouTube: https://www.youtube.com/@IvorCumminsScience
Book: https://www.amazon.com/Eat-Rich-Live-Long-Mastering/dp/1628602732/

Ivor Cummins BE(Chem) CEng MIEI completed a Biochemical Engineering degree in 1990. He has since spent 30 years in corporate technical leadership positions. His career specialty has been leading large worldwide teams in complex problem-solving activity.

Since 2012 Ivor has been intensively researching the root causes of modern chronic disease. A particular focus has been on cardiovascular disease, diabetes and obesity. He shares his research insights at public speaking engagements around the world, revealing the key nutritional and lifestyle interventions which will deliver excellent health and personal productivity. He has recently presented at the British Association of Cardiovascular Prevention and Rehabilitation (BACPR) and also at the Irish National Institute of Preventative Cardiology (NIPC) annual conferences.
Ivor’s 2018 book “Eat Rich, Live Long” (co-authored with preventative medicine expert Jeffry Gerber MD, FAAFP), details the conclusions of their shared research.

Tom Bodrovics welcomes back Christopher Aaron, founder of iGold Advisor and senior editor for Gold Eagle, for a discussion about market sentiment towards gold post-U.S. election results and the Federal Reserve meeting. Aaron shares his perspective on market cycles and warns investors about potential resistance levels for gold while expressing caution against abandoning precious metals entirely due to unforeseen circumstances.

They explore the impact of the U.S. election, Fed meeting, Trump presidency, and the Dow to Gold ratio on markets, emphasizing the significance of considering both present situations and future developments. Aaron also discusses his analysis of the gold to silver ratio chart, focusing on trends and their implications for investors, and the potential implications of Elon Musk’s involvement in Trump’s administration on reducing the U.S. government.

Chris also discusses Ron Paul’s advocacy for ending the Federal Reserve System and the possible significance of his inclusion in Trump’s administration, as well as the expected timeline for tax cuts and regulatory changes under the new administration and broader themes for the next decade. Throughout the conversation, they encourage listeners to broaden their perspectives and consider various markets and investments beyond precious metals.

Time Stamp References:
0:00 – Introduction
0:50 – Sentiment & Gold
8:50 – Fundamentals & Possibility
12:50 – Dow To Gold Chart
19:50 – Gold To Silver Chart
28:52 – Dollar Index & Outlook
34:00 – Energy & Mkt. Direction
46:50 – End The Fed?
50:08 – Tax Cuts & Timeframes
52:10 – Space Exploration
59:08 – Concluding Thoughts

Guest Links:
Twitter: https://twitter.com/iGlobalGold
Website: https://igoldadvisor.com/
YouTube: https://www.youtube.com/channel/UCjG_4Kg7ZWWs8o7EnfnDc9Q

Talking Points From This Episode

• Aaron warns investors about potential resistance levels for gold while emphasizing the importance of not abandoning precious metals entirely.
• U.S. election results, Federal Reserve meeting, Trump presidency, and Dow to Gold ratio impact markets, with both present situations and future developments significant.
• Analysis of gold to silver ratio chart reveals trends and implications for investors, and Elon Musk’s role in Trump’s administration could potentially reduce the U.S. government debt.

Christopher Aaron is Senior Editor for the precious metals investment portal Gold Eagle.

A former counter-terrorism officer for the CIA and Department of Defense, Christopher has always had an independent analytical outlook. He volunteered to serve two tours to Iraq and Afghanistan from 2006 – 2009, conducting pattern analysis and mapping for the US Intelligence Community in Washington, DC. Drawing upon his investigative background, he turned attention to the financial markets in the early 2000s.

Mapping shares similarities with technical analysis of the financial markets because both involve the observation and interpretation of patterns found in human nature. Through his work, Christopher shares with clients how these patterns are cyclical and embedded. Recognizing these patterns can be used to profit.

Christopher Aaron holds a degree in history and business, with advanced Department of Defense training in intelligence analysis.

Tom welcomes back Dr. Nomi Prins, financial expert and best-selling author, about the impact of the U.S. election on markets and her outlook for the economy. Dr. Prins highlights the disconnect between the thriving financial markets and the stagnant real economy, with high debt levels and inflation surpassing wage growth. The election brought attention to voters’ economic concerns, although neither candidate presented substantial plans for addressing debt and deficit issues. Trump’s promises on immigration and inflation reassured some, but his lack of a comprehensive economic strategy remains a concern for Dr. Prins.

Tom and Dr. Prins explore the economic implications of tariffs, focusing on Trump’s plan to impose tariffs on imports. The reduction in supply from tariffs causes price increases and inflation, potentially harming the domestic economy unless the country can offset these costs by participating in multiple parts of the supply chain.

The nuclear energy industry is positioned for growth following the election results, with companies like Microsoft and Amazon considering nuclear power deals. The state of energy development in the United States is also explored in the context of Trump’s plans to deregulate.

Dr. Prins discusses the movement of the US dollar after the election results and the potential for de-dollarization. The US dollar continues to be the world’s top reserve currency, but longer-term trends suggest de-dollarization through trade agreements in non-dollar currencies, alternative trading currencies, and infrastructure development. Central banks’ interest in gold as a hedge against risks, coupled with increasing demand from consumers in countries like China and India, positions gold to play an essential role in this framework.

Time Stamp References:
0:00 – Introduction
0:54 – Election Change Anything?
4:03 – Trump Economic Policy?
7:54 – Tarriffs & Consequences
11:35 – Senate & House
15:37 – Energy & Deregulation
17:53 – Permian Shale Status
20:22 – Strategic Mineral Reserve
24:02 – Capital Deployment Goals
26:40 – Nuclear Energy & Tech
32:54 – BRICS & Dedollarization
37:12 – Banking Architecture
38:31 – Gold Reserves & Trust
42:20 – Russia Silver Reserves
46:46 – Banks Diversification
49:02 – Banking System Stress
52:26 – Wrap Up

Talking Points From This Episode

• Financial expert Dr. Nomi Prins discusses economic disconnect between markets and real economy, focusing on US election impact.
• Trump’s promises on immigration and inflation influenced markets, but lack of economic strategy remains a concern.
• Tariffs, nuclear energy growth, and de-dollarization are major economic shifts following the U.S. election.

Guest Links:
Twitter: https://x.com/nomiprins
Website: https://nomiprins.com/
Substack: https://prinsights.substack.com/

Dr. Nomi Prins as a Wall Street insider and outspoken advocate for economic reform, Nomi Prins is a leading authority on how the widespread impact of financial systems continues to affect our daily lives. She has spent decades analyzing and investigating economic and financial events at the ground level and meeting with those that shape the world’s geopolitical-economic framework. She continues to break stories by conducting independent research, writing best-selling books, and traversing the globe to share her knowledge and demystify the world of money.

Before becoming a renowned journalist and public speaker, Nomi reached the upper echelons of the financial world where she worked as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, was a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. During her time on Wall Street, she grew increasingly aware of and discouraged by the unethical practices that permeated the banking industry. Eventually, she decided enough was enough and became an investigative journalist to shed light on the ways that financial systems are manipulated to serve the interests of an elite few at the expense of everyone else.

Tom welcomes back Dudley Baker, the founder of Common Stock Warrants. The discussion revolves around the current state of the resource sector, particularly precious metals, and the potential opportunities for investors in undervalued mining companies. Despite recent historic highs in gold and silver prices, many juniors and micro-caps in the mining industry have not yet seen significant gains. Dudley believes that an inflection point is near, when investors will recognize the value of these companies, possibly triggered by market crashes or impressive earnings reports.

Dudley explains that warrants, often attached to private placements act as incentives for investors, offering upside leverage and can be tradable. He emphasizes the importance of liking the underlying company before investing in its warrant and shares resources to monitor Canadian private placements and their associated warrants. The mining sector has the potential for massive gains, especially with the vast amount of data available. Dudley maintains a positive outlook and encourages investors to look for opportunities while they are still cheap.

Dudley shares his experience with successful warrant trades and discusses the differences between common stocks and warrants. He explains that publicly traded warrants, which can be bought and sold like any other stock, provide upside leverage without requiring the buyer to exercise them. However, for U.S. investors dealing with Canadian companies, you need access to specific platforms for exercising warrants.

Throughout the conversation, Dudley stresses the importance of insider activity as a crucial indicator for potential investments and shares his extensive database of warrants in various sectors. He also discusses misconceptions about stock warrants and offers advice on making informed investment decisions based on price charts and personal risk tolerance.

Time Stamp References:
0:00 – Introduction
1:14 – Macro Picture Resources
5:00 – Crash & Capital Shift?
7:30 – Elections & Trades
10:13 – Precious Metals & Politics
14:05 – Insider Activity
16:42 – Warrants Vs. Stocks
28:18 – Other Sectors & Opportunity
32:52 – Analysing Companies
39:06 – Warrant Watchlist
40:33 – Accessing Warrants?
46:00 – Picking Exit Points
52:12 – Costs & Benefits
58:05 – Wrap Up

Talking Points From This Episode

• Resource sector on the brink of major investment opportunity due to macro background improving.
• Warrants offer upside leverage and can provide significant gains; follow insider activity for potential investments.
• Mining sector has vast data opportunities with potential for massive gains, especially in precious metals.

Guest Links:
Website: https://commonstockwarrants.com

Tom Bodrovics your host welcomes back Dave Kranzler from Investment Research Dynamics. Kranzler discusses the impact of the upcoming election on national debt and market conditions, expressing concern over the mounting deficit and lack of government spending reductions. He highlights the importance of military spending, handouts, and domestic spending in keeping the economy afloat, but warns of potential economic collapse without significant spending cuts.

Kranzler expresses concerns about the U.S. Treasury and the Federal Reserve’s gold holdings. He questions their true possession of reported reserves and lack of audits.

Kranzler believes that liquidity, not monetary policy, is the crucial factor keeping markets and banks functioning in today’s hyper-financialized economy. Despite the Fed’s reduction in its balance sheet and hawkish monetary policy, M2 has continued to grow, and over $2 trillion has been drained from the reverse repo facility to finance the treasury deficit and prop up sagging markets.

Kranzler expresses his belief that gold’s price in dollars is setting up a favorable position and silver’s cup-and-handle formation and industrial usage make it an attractive investment opportunity. He also shares his concerns about banks’ actual silver positions, the opacity surrounding these positions, and potential consequences if hedge funds request delivery of actual bars from the COMEX market.

Kranzler discusses the importance of understanding the production deficit in the silver market and investing in pure silver plays. He emphasizes that all stock purchases involve risk but is currently watching closely mid-tier producers.

Kranzler also discusses the role of confidentiality agreements and feasibility studies in attracting larger companies to junior mining projects. He encourages investors to focus on a few stocks they believe in and learn how to analyze these stocks for potential returns.

Time Stamp References:
0:00 – Introduction
0:42 – Election & Market Effects
3:24 – Implosion Inevitable
4:20 – U.S. Gold Audits & Fed
11:57 – Liquidity & Banks
16:09 – Fed’s Next Move?
20:36 – Precious Metals Outlook
28:38 – Silver Production Deficit
33:26 – Mexico & Mining?
36:34 – Silver Miners?
43:05 – Silver Speculation?
44:44 – Eric Sprott
47:07 – M&A Targets?
50:23 – Feasibility Studies?
55:10 – Streaming Agreements
56:34 – Finding Value in Miners
1:01:02 – Risks & Considerations
1:05:39 – Wrap Up

Talking Points From This Episode

• David’s insights on the current state and future trends of the precious metals market.
• Kranzler expresses concern over mounting national debt and potential economic collapse without spending cuts.
• The role of royalties and streams in funding mining projects, and the pros and cons.
• Kranzler’s advice to investors regarding focusing on a few stocks and analyzing them thoroughly.

Guest Links:
Twitter: https://twitter.com/InvResDynamics
Website: https://investmentresearchdynamics.com
Newsletter: https://investmentresearchdynamics.com/mining-stock-journal

David Kranzler spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, he traded junk bonds for Bankers Trust. Dave earned a master’s degree in business administration from the University of Chicago, concentrating on accounting and finance. He writes a blog to help people understand and analyze what is going on in our financial system and economy.

As the sun sets, the video quality improves, and Tom Bodrovics once again engages in a thoughtful conversation with the legendary Rick Rule. The discussion revolves around Rick’s busy post-retirement life, the current gold and silver investment environment, and investing strategies in the metals industry.

Rick admits his retirement was unsuccessful as he continues to be engrossed in work, but he appreciates the reduced regulatory engagement since leaving Sprott. He enjoys sharing knowledge of past mentors through interviews and events like the Rule Investment Symposium, which offers a money-back guarantee for attendees. Rick believes that attending conferences for informal conversations and connections is essential.

They discuss the macroeconomic factors influencing gold and silver investments, such as increasing costs affecting mining companies’ profitability and the potential $135 trillion debt in the US economy leading to inflation and boosting metal prices. The conversation delves into investing strategies for retail investors, from owning physical gold first to building a portfolio based on beta.

Rick shares his experiences with political risk and success stories in countries like Chile, Congo, and South Sudan, emphasizing the importance of understanding political and jurisdictional risks. He discusses investment opportunities in natural resource sectors like gold and silver, as well as contrarian picks such as North American natural gas and the lithium market. Rick also expresses interest in investing in private placements that can significantly enhance a company’s value.

Throughout the conversation, they touch upon topics such as patience, long-term vision, competency, and corporate strategy. They also discuss the importance of having an opinion on value and being able to endure market volatility. Rick shares key lessons from his career as an investor, stressing the significance of contrarianism, understanding market dynamics, and patience.

Time Stamp References:
0:00 – Introduction
0:48 – Failing at Retirement
3:00 – Conference & Guarantee
5:36 – State of Resource Sector
8:54 – Fed Cuts & Politics
17:07 – A Triumph of Politics
18:35 – Shelton & Gold Treasuries?
20:18 – First Gold Bull Moves
25:30 – Investor Risk Appetites
27:02 – Global Demand & Bullion?
30:36 – Investor Types & Gold
35:32 – Studying Miners & Risks
39:30 – New Investor Advice
42:25 – Common Sense Rules
45:33 – A Contrarian Approach?
49:26 – Timeframe & Questions
54:04 – M&A Deals & Newmont
57:26 – Management & Mine Cycles
59:57 – Exploration Cap-Ex
1:04:10 – Other Mkt. Sectors
1:10:29 – Private Placements
1:12:44 – Lessons Learned
1:17:33 – Offers & Wrap Up

12:20 – Highlight Clip

Talking Points From This Episode

• Rick Rule emphasizes the importance of attending conferences for knowledge and connections.
• Now failing at retirement, Mr. Rule continues to engage in work due to his passion for the industry.
• Macroeconomic factors, such as inflation and debt, could positively impact gold and silver prices.

Guest Links:
Twitter: https://twitter.com/realrickrule
Twitter: https://twitter.com/realinvestmentmedia
Website: https://ruleinvestmentmedia.com
YouTube: https://www.youtube.com/@RuleInvestmentMedia
Classroom: https://ruleclassroom.com
Bank Site: https://battlebank.com

Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Besides the knowledge and experience gained in a long and focused career, he has a global network of contacts in the natural resources and finance sectors.

Mr. Rule is a frequent speaker at industry conferences and is regularly interviewed for radio, television, print, and online media outlets concerning natural resources investment and industry topics. Prominent natural resources-oriented newsletters and advisories frequently quote him. Mr. Rule and his team have expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water.

Mr. Rule is particularly active in private placement markets, having originated in hundreds of debt and equity transactions with private, pre-public, and public companies.

Tom Bodrovics and Keith Weiner delve into the intricacies of fundamental price and basis rates in the gold and silver markets during their conversation on Palisades. The Gold Standard Institute president and Monetary Metals CEO, elucidates how their model offers insights into market tensions and potential price movements by determining where the market would settle if all futures speculation were to unwind. Keith also discusses lease rates, which reflect metal abundance or scarcity, in relation to market evaluations for gold and silver investments.

The conversation revolves around the disparity between the costs of producing and refining gold and silver, with significant spreads for refiners. Although mining costs are essential considerations, Keith argues that all potential gold supply remains in circulation due to its value and desirability. Keith challenges the Quantity Theory of Money and Milton Friedman’s treatment of gold and printed dollars as equivalent, emphasizing their differences in origin and effects on the economy.

Weiner also discusses the implications of an ever-growing US national debt and interest payments. He argues that the world operates on a dollar basis, creating a relentless bid on the dollar despite its growing debt. Keith discusses commercial real estate bubble and the impact on banks and zombie companies, raising concerns about potential insolvency due to rising interest rates and loan asset markdowns.

The conversation concludes with discussions about upcoming financial crises, including the ‘everything bubble,’ and the potential dilemmas facing the Federal Reserve in addressing it, given the larger debt levels and more significant interest rate hikes than during previous periods. Keith highlights the importance of creating an honest monetary system based on gold, emphasizing market-based alternatives to Keynesian philosophy and personal opt-out options to avoid capital debasement.

Talking Points From This Episode
0:00 – Introduction
0:40 – Measuring Price of PMs
8:32 – Current Market Temps
10:40 – Analysis & Lease Rates
14:14 – All-In Production Costs
19:22 – Do Fundamentals Matter?
22:57 – Qty. Theory of Money
35:27 – Debt & Interest Payments
41:37 – Commercial Debt & Banks
55:26 – Bank Bailouts & Fed
59:40 – Central Planning Problems
1:06:30 – Kicking Cans & Politics
1:11:32 – Any Possible Solutions?
1:23:18 – Net Worth & Risk/Return
1:31:10 – Wrap Up

Talking Points From This Episode

• Gold and silver market insights using fundamental price analysis.
• Challenging Quantity Theory of Money and gold vs. printed dollars equivalence.
• Implications of US debt, commercial real estate bubbles, Fed bank bailouts, and zombie companies.

Guest Links:
Twitter: https://twitter.com/kweiner01
Website: https://monetary-metals.com
Website: https://goldstandardinstitute.net
Facebook: https://www.facebook.com/keith.weiner.5

Keith Weiner is the founder and CEO of Monetary Metals, an investment firm that is unlocking the productivity of gold. Most people regard gold as a dry asset, to lock away in a vault, incurring storage fees. Many are waiting for it to rise in price.

Keith and Monetary Metals are on a mission to change this.

Gold should once again serve to finance productive enterprises and extinguish debts. The dollar performs one of these functions, but not the other. Bitcoin cannot finance anything, as no business can borrow a currency that’s expected to go up a hundred times. Gold is the one thing that fills both roles, par excellence.

Keith writes and speaks extensively, based on his unique views of gold, the dollar, credit, the bond market, and interest rates. When he is not working on the business, he is developing his theory of monetary science, and an arbitrage theory of economics.

Keith also serves as founder and President of the Gold Standard Institute USA. His work was instrumental in the passing of gold legal tender laws in the state of Arizona in 2017. He has met with central bankers, legislators, and government officials around the world.

Tom welcomes a well known and interesting guest for the first time to the show, Dr. Judy Shelton. Judy is Senior Fellow at the Independent Institute and author of Good as Gold, passionately advocates for sound money as a moral obligation of governments to their citizens. Sound money, according to Shelton, should maintain its value over time, acting as an unchanging standard for economic planning and transactions. She criticizes the Federal Reserve’s policy of debasing the U.S. dollar through inflation targeting, which undermines its purchasing power and creates inequality in society.

The Federal Reserve was initially established to provide an elastic currency that addressed seasonal economic fluctuations. However, the role of the Fed has shifted significantly over time, leading to concerns about its growing dependence on the government for budgeting needs and potential consequences for the economy and small businesses.

Shelton argues for market-determined interest rates, pointing to historical examples like the gold standard. She also highlights the importance of accurate data in monetary policy decision-making and critiques central banks’ conflicting policies on a global scale that can lead to currency wars and instability in international trade.

Shelton advocates for a new international monetary system anchored by a gold convertible long-term US Treasury bond, which would promote stability and accountability in international transactions. She recalls her unsuccessful nomination to the Federal Reserve and expresses her belief that economic growth under President Trump’s agenda and Elon Musk’s involvement could lead to controlling the budget and promoting sound money. Shelton urges for less central planning by governments, believing there is a collective yearning for trustworthy, stable money in society.

The interview concludes with Dr. Judy Shelton expressing her gratitude for the opportunity to discuss her ideas and the success of her book “Good as Gold” on Amazon’s charts. She encourages listeners to get radical and demand sound money from their governments for a more prosperous economy based on individual liberty.

Time Stamp References:
0:00 – Introduction
0:45 – Sound Money & Morality
2:27 – Money Vs. Currency
4:32 – Price Stability?
11:52 – Fed Control & Hubris
18:30 – Central Planning & Mkts
24:03 – Fed ‘Independence’
27:20 – Pricing Money Free Mkt.
36:10 – C.B. Global Effects
39:34 – BRICS & Gold?
44:34 – U.S. Gold Bonds?
55:30 – Golds History of Restraint
59:15 – Politics & Financial Plans
1:01:59 – Nominee & ‘Extreme Views’
1:10:22 – Book ‘Good as Gold’
1:11:50 – Get Radical & Wrap Up

Talking Points From This Episode

• Dr. Judy Shelton advocates for sound money as a moral obligation of governments to ensure economic stability and planning through unchanging currency value.
• The Federal Reserve’s inflation targeting policy weakens U.S. dollar purchasing power, leading to inequality and potential consequences for the economy.
• Shelton proposes a new international monetary system anchored by a gold convertible long-term US Treasury bond for stability in global transactions.

Guest Links:
X: https://x.com/judyshel

Book: Good as Gold: How to Unleash the Power of Sound Money
https://www.amazon.com/Good-Gold-Unleash-Power-Sound/dp/1598133896

Dr. Judy Shelton is a senior fellow at Independent Institute, former chairman of the National Endowment for Democracy, and former US director of the European Bank for Reconstruction and Development. She has provided testimony before the Senate and has been consulted on international monetary issues by the White House and the Pentagon. She is the author of multiple books and has written for the Wall Street Journal and Financial Times.

In case you missed part one, the full version is available on X, Rumble and various Podcast apps. In part two, the discussion continues around Dave's skepticism towards various economic topics, including the Federal Reserve's rate cuts and market valuations. He argues for a return to realistic expectations and understanding debt and returns. The Professor expresses concerns about current leaders, financialization, and growing geopolitical realignments. Dave envisions gold becoming the world's reserve currency within the next decade and expresses his high conviction in gold investments, advocating for cash during market downturns and sharing past experiences. He criticizes the Bank of England's selling tactics and platinum investment opportunities despite instability in South Africa. Lastly Collum discussed his recent podcast comment experiences, the declining value of college degrees, and proposed a funding plan for student loans. Time Stamp References:0:00 - Lack of Introduction0:19 - Staying Objective & Fed Cut s10:38 - Hedonic Adjustments13:54 - Easy Money & Bad Signals22:32 - General Vs. Specialization26:13 - BRICS Realignment30:42 - 40-Year Bear Market36:16 - Commercial Real Estate40:10 - Gold & Brown's Bottom43:39 - Platinum & Miners45:23 - Travel & Impressions50:04 - Opportunity & Miners52:29 - Podcast Comments & Tops54:40 - 1925 S&P To Now & M257:00 - Ponzi Demographics1:02:09 - Constructive Comments?1:05:24 - Education is Rotting1:10:00 - Wrap Up Guest LinksTwitter: https://x.com/davidbcollumWebsite: https://collum.chem.cornell.edu/ David B. Collum is an American Chemist and professor at Cornell University. He currently teaches a graduate Chemistry and Chemical biology course. He also runs the Collum group, which focuses on how aggregation and solvation dictate the reactivity and selectivity of organolithium compounds commonly used by synthetic chemists in academia and the pharmaceutical industry. Ph.D., Columbia University, MA Columbia University, BS Cornell University.