Don Durrett, a seasoned author and investor behind GoldStockData.com, shares his insights on the looming economic challenges. He warns of an impending severe recession and the potential for a monetary reset by 2027-2028, driven by unsustainable debt growth. Durrett emphasizes gold and silver as safe havens amidst rising inflation and de-dollarization risks. He advises investors to focus on mid-tier mining stocks, predicting gold could skyrocket to $6,000 to $8,000 per ounce pre-reset, while cautioning about an upcoming market crash.
01:37:57
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Long-Term Deterioration From Debt
The U.S. economy has been deteriorating since 2000 due to sustained debt growth and cheap money policies.
That created asset bubbles, a hollowed-out middle class, and a fragile growth dependent on printing and low rates.
insights INSIGHT
Fed's MMT-Like Path Mirrors Japan
The Fed's modern monetary approach prevented deep recessions but produced flat, debt-driven growth like Japan's 'zero-growth' era.
That policy created persistent fragility and higher long-term risk of inflation and currency damage.
insights INSIGHT
Fed's Dilemma: Inflation Vs. Recession
The incoming recession will be unusual because the Fed may be forced to choose between fighting inflation or fighting recession.
That tradeoff could produce prolonged stagnation or a long, Japan-like malaise and eventual financial reset.
Get the Snipd Podcast app to discover more snips from this episode
Tom Bodrovics welcomes Don Durrett, author, investor, and founder of Goldstockdata.com, to discuss the current economic landscape and the future of gold and silver mining stocks. Durrett expresses concern about the U.S. economy, which he believes has been deteriorating since the early 2000s due to excessive debt accumulation. He argues that the economy has been artificially propped up by low interest rates and money printing, leading to asset bubbles and a hollowed-out middle class. Durrett also highlights the risks posed by the U.S. dollar’s status as the global reserve currency and the potential for de-dollarization, which could lead to a significant loss of wealth for the United States.
Durrett predicts that the current economic cycle will culminate in a severe recession, potentially worse than the 2008 financial crisis. He believes that the Federal Reserve’s attempts to combat inflation and stimulate economic growth will ultimately fail, leading to a prolonged period of economic stagnation and potential currency reset. He sees gold and silver as safe havens in this environment, with gold potentially reaching $6,000 to $8,000 per ounce before a reset occurs.
Durrett also discusses the potential for AI and automation to displace jobs, exacerbating economic inequality and slowing economic growth. Don advises investors to focus on mid-tier gold and silver mining stocks, which he believes offer the best combination of growth potential and risk management. He emphasizes the importance of companies maintaining pristine balance sheets and avoiding excessive debt. He also discusses the concept of optionality, where investors can buy gold and silver in the ground at a significant discount to market prices, providing potential for substantial gains as metal prices rise. Durrett cautions that the stock market is likely to experience a significant correction in the near future, which could provide buying opportunities for investors in gold and silver mining stocks.
Don Durrett received an MBA from California State University Bakersfield in 1990. He has worked in IT-related positions for 20+ years. He has been a gold investor since 1991, with a focus on Junior Mining stocks since 2004. Realizing the value of investing in gold and silver and noticing the lack of available material for first-time investors, Don set out to provide information. First, he wrote a book, How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks. He followed up the book with a website (www.goldstockdata.com) to provide data, tools, and analysis for gold and silver stock investors. His gold and silver mining stock newsletter is widely regarded as one of the best. He is a frequent guest on financial podcasts and a contributor to SeekingAlpha.com.
Competent Man Podcast 
