In this episode on Palisades Gold Radio, Tom Bodrovics welcomes back Jaime Carrasco. Jaime is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management. They discuss the global economic landscape and the significance of gold in today’s context. Carrasco expresses his belief that Trump’s election and proposed policies could lead to a reset of debt and potential devaluation of US dollars held in treasuries around the world. He emphasizes the importance of understanding history, as previous periods saw significant increases in dividends from gold mining companies during times of monetary instability.

Carrasco encourages investors to consider gold as a hedge against inflation, purchasing power loss, and political instability. He also recommends silver mining companies due to their current undervaluation compared to gold. Central banks are increasingly buying gold as a safe haven asset, and Trump’s actions are aimed at rebuilding America for Americans, possibly necessitating a full reset. The location of US gold reserves and geopolitical issues like China’s policy in Latin America, Europe’s response to immigration, and the US-China-Russia alignment are significant sociological factors affecting the global economy. Despite the current uncertainty, Carrasco advocates for a decentralized world where nations can thrive and encourages investors to consider gold, silver, and Bitcoin as financial lifeboats.

Talking Points From This Episode
0:00 – Introduction
0:42 – Current World State
3:30 – S&P Bond Chart
10:12 – Gold Bonds & Treasury
15:45 – Free Cash Flow Chart
19:23 – Hyper Financial World
26:00 – Gold & Silver
31:02 – Silver Volatility
34:02 – Shelton & Blockchain
36:20 – Resource Sec. Valuations
38:13 – 40-Year Shift?
42:22 – A Financial Reset?
44:52 – Bonds in a Reset
46:22 – PMs & Tariff Risks
49:18 – A Double Edged Sword
51:53 – Trump Implementation
53:30 – European Problems
56:00 – Negotiating Peace?
1:02:09 – Surviving Inflation
1:04:10 – Wrap Up

Guest Links:
Twitter: https://x.com/ijcarrasco
LinkedIn: https://www.linkedin.com/in/carrasco1/
Website: https://harbourfrontwealth.com

Jaime Carrasco is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management. From 2014-2018 he worked as Director of Wealth Management and Associate Portfolio Manager for ScotiaMcLeod. Before this, he worked for Macquarie Group, CIBC Wood Gundy, BMO Nesbitt Burns, Gordon Capital, and Merrill Lynch.

Jaime is a leading Canadian investment professional with 25 years of experience providing wealth management and investment counsel to affluent families, businesses, and institutions. He has garnered a reputation for questioning and challenging the status quo and exploring the most innovative investment strategies.

Jaime, whose mother tongue is Spanish, also speaks Italian and French. He completed a BA in political science and economics at the University of Toronto in 1988. While a student, he worked for CS Yacht, a company that built luxury sailboats, thus spending his summers as a skipper for the Canadian establishment members. Jaime credits this experience and having survived sailing through Hurricane Bob in 1991. This experience taught him lessons that have become a metaphor for his financial investment strategies.

“Like one’s financial wealth, sailing is not about controlling the wind, but rather about adjusting the sails.”