Steven Feldman, CEO of Gold Bullion International, discusses gold as a must-have asset, its outperformance against the S&P 500, upcoming rate cuts, and the role of gold as a hedge against government chaos. The podcast also touches on economic growth predictions, the impact of American complacency in investing, geopolitical implications, and strategies for portfolio management during volatile economic times.
Gold serves as a hedge against economic turmoil and government chaos.
Diversifying investments across sectors like precious metals and technology helps safeguard portfolios.
Deep dives
American Investor's Complacency and Gold Reliance
The podcast discusses the American investor's historical reliance on technology and government, highlighting a current shift where solutions may become problems. It warns against complacency, specifically addressing the misguided notion of eliminating $35 trillion in debt. The conversation emphasizes the investment potential of gold amidst financial instability and potential consequences of misconceptions.
Gold's Performance and Economic Trends
The episode delves into the performance of gold, particularly in comparison to major US companies in the S&P 500. The discussion shifts to economic concerns like government chaos, wars, deficits, and inflation, underscoring gold's appeal as a hedge against turbulence. The conversation also touches on the resilience of gold's value despite investor reluctance, hinting at its potential for explosive growth.
Market Predictions and Balancing Portfolios
The podcast explores predictions for various aspects including economic growth, budget deficits, and international relations, showcasing insights on the evolving global landscape. Additionally, suggestions for portfolio rebalancing are offered, emphasizing the need to address market risks and diversify investments across sectors like precious metals and technology. The discussion advocates for a cautious yet strategic approach to wealth preservation and growth amid market uncertainties.
Discover why gold is a must-have asset, its surprising outperformance, and the threats your portfolio could face in an upcoming financial Armageddon.
In this episode of Wealthion, Anthony Scaramucci talks with Steven Feldman, CEO of Gold Bullion International (GBI). They discuss gold, the markets, the looming threats facing the economy, and the best strategies to safeguard your portfolio during such volatile economic times.
Steven also shares his thoughts on upcoming rate cuts by the Fed, the importance of not being complacent while investing, and the role of gold as a hedge against government chaos.
Be sure to hit the like button and let us know in the comments what topics you'd like us to discuss in upcoming episodes.
TIMESTAMPS:
00:00 - Introduction
02:26 - Economic Overview
04:46 - Gold Outperforming the S&P 500
07:35 - Economic Growth & Recession Predictions
09:15 - Rate Cuts on the Horizon
10:53 - The Impact of American Complacency
13:30 - Bitcoin & Cryptocurrency Discussion
17:35 - Geopolitical Implications & NATO
19:18 - Reordering of Global Alliances
22:11 - 2024 US Presidential Election Predictions
24:59 - The Role of AI in Gene Therapy
27:20 - Investment Advice & Portfolio Management
30:43 - Calmness in Investment Strategy
31:49 - Wealthion Advisors & Closing Remarks