Soar Financially cover image

Soar Financially

GOLD: MACROSHOCKS With Dramatic Effect | Garrett Goggin

Dec 19, 2024
In this discussion, Garrett Goggin, Chief Analyst and Founder of Golden Portfolio, reveals how political events, especially Trump's policies, affect gold's value and the broader economy. He tackles the potential resurgence of a gold-backed monetary system and the implications of liquidity crises on markets. The conversation dives into the Federal Reserve's role in shaping mining stock performance and strategizes on identifying value among mining companies. Garrett also reflects on gold's enduring stability in the face of evolving financial trends, including cryptocurrencies.
35:56

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The rise in national debt is likely to result in higher gold prices, underscoring its enduring intrinsic value as a monetary asset.
  • The Federal Reserve's influence on mining stocks highlights the importance of operational efficiency for long-term profitability amid market fluctuations.

Deep dives

Gold's Enduring Value Amid Political Changes

The podcast highlights the enduring value of gold, asserting that as national debt rises, gold prices are likely to increase as well. Contrary to the recent drop in interest surrounding gold, it is suggested that its intrinsic value as a monetary asset remains significant. Even though political changes, such as the election of Trump and his economic strategies, have influenced market sentiments, gold continues to be seen as a foundational element of the financial system. Observations from industry conferences reveal that despite fluctuations, gold's role is still recognized by central bankers, who tend to acknowledge its importance informally.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode