Palisades Gold Radio

Jaime Carrasco, a Senior Portfolio Manager at Harbourfront Wealth Management with 25 years of experience, shares insights on the critical economic shifts affecting investors today. He discusses the looming debt bubble and the implosion of the fiat currency system, positioning gold and silver as essential assets during this transformation. Carrasco highlights silver's production deficit amid a green energy shift and warns against complacency in the investment community. He advocates for strategic allocation in precious metals to safeguard wealth in these uncertain times.

Tom welcomes back Michael Pento, from Pento Portfolio Strategies. The discussion revolves around the current economic landscape, highlighting the Federal Reserve’s challenges in balancing inflation control and recession fears. Pento argues that the Fed is constrained by a “Gordian knot” of conflicting mandates, emphasizing its focus on bailing out banks and managing government debt rather than addressing inflation effectively. He critiques the dual mandate of stable prices and full employment, suggesting that employment rates have little bearing on inflation, which stems from fiat currency devaluation. Pento also delves into the impact of tariffs, particularly those imposed by former President Trump, noting their role in exacerbating economic instability. While he acknowledges the intent behind these measures—to rebuild the middle class and reduce trade deficits—the lack of clear planning and frequent changes create uncertainty for businesses. This unpredictability complicates financial decision-making, especially for manufacturers considering relocating production. Pento advocates for a model that considers credit spreads, real interest rates, and financial conditions. He warns against passive investing in market-cap weighted indices like the S&P 500, which concentrates capital in overvalued stocks and amplifies market volatility. Instead, he recommends an active approach, emphasizing short-term bonds, gold, and selective equity exposure. Pento also discusses the role of gold as a hedge against inflation and economic instability, distinguishing between physical gold (held personally) and liquid paper gold (ETFs and mining stocks). He advises investors to allocate 5% of their net worth to physical gold for safety, with additional exposure to liquid gold based on market conditions. Finally, Pento addresses the potential for geopolitical conflicts, such as tensions with China, to drive demand for gold. He concludes by highlighting the importance of an active investment model in navigating economic uncertainty, emphasizing that investors cannot rely solely on passive strategies or the hope of market recovery. Time Stamp References:0:00 – Introduction0:32 – Fed & Economic Numbers2:52 – Tariff & Uncertainties8:02 – Crash & Fed Reactions11:12 – Yields Spiking Meaning14:32 – Demand Into Gold19:38 – Reserves & Rev. Repos21:53 – Uncertainty & Massive Q.E.26:12 – Passive Investments?32:28 – Gold & Rumors of War34:35 – Mining/Gold Investments39:30 – Institutional Interest41:50 – Thoughts on Silver42:30 – 2025 is Exhausting43:26 – Wrap Up Guest Links:Website: http://pentoport.comE-Mail: mpento@pentoport.comTwitter: https://twitter.com/michaelpento Michael Pento is the President and Founder of Pento Portfolio Strategies with more than 30 years of professional investment experience. He worked on the floor of the NYSE during the mid-90s. Pento served as an economist for both Delta Global and EuroPacific Capital. He was also the portfolio creator and consultant to Delta/Claymore’s commodity portfolios, which were distributed through Claymore/Guggenheim’s sales network.

Martin Armstrong, owner of Armstrong Economics and expert in economic predictions, shares his insights on global economic trends and geopolitical tensions. He critiques the rising distrust in governments, linking it to populist movements and free speech issues. Armstrong clarifies the nuances of tariffs, citing historical examples, and emphasizes the media's role in shaping market perceptions. He also highlights gold's significance as a safe haven during unstable times, particularly in light of increasing global tensions.

In this engaging discussion, Simon Hunt, a consultant specializing in the global economy and the copper industry, dives into the escalating tensions between the U.S. and Iran. He warns that Trump's tariff policies could spark regional conflicts, severely disrupting global supply chains. Hunt highlights the shifting power dynamics as nations like China and Russia enhance their ties, while also predicting significant changes in the value of the dollar. He emphasizes the importance of monitoring these developments and their potential impact on copper prices as an economic indicator.

John Rubino, a former Wall Street analyst and author focused on resilience, shares his thoughts on the end of the credit supercycle. He discusses the looming risks of hyperinflation and deflation, stressing the importance of investing in real assets like gold and silver. Rubino explores how energy prices, especially oil, affect inflation dynamics and warns of potential currency resets. He highlights the significance of community ties and personal resilience in navigating financial chaos, urging listeners to consider strategic investments amidst uncertainty.

Tim Price, Director at Price Value Partners, brings over 30 years of capital market expertise. He advocates for filtering media information and distrust of conventional narratives, especially after political upheavals like Brexit. Price critiques Keynesian economics, emphasizing the need for human behavior in financial models and highlights gold's stability compared to volatile cryptocurrencies. He underscores emotional discipline in investment strategies and warns against over-financialization, suggesting a return to fundamental investing principles.

The discussion challenges the interpretation of rising job numbers, framing them as signs of economic struggle instead of strength. J.E.S. highlights stubborn inflation and the delayed effects of interest rate changes on the economy. The dangers of excessive personal and national debt, including potential defaults, are delved into. Emphasizing creativity and education, the conversation advocates for innovative solutions to navigate economic challenges, urging a deeper understanding of economic indicators and principles.

Keith Weiner, Founder and CEO of Monetary Metals, dives into the compelling reasons behind gold's resurgence as a safe haven amid economic turmoil. He discusses the troubling implications of government debt and the rising interest rates affecting 'zombie credit' companies. Weiner highlights the geopolitical shift towards de-dollarization and critiques the effectiveness of alternative currencies. The conversation also covers the impact of tariffs on global trade and the comparative stability of gold versus traditional investments.

Florian Grummes, an independent financial analyst with over 30 years of market experience, shares his insights on the future of gold and silver. He predicts silver may hit $50 per ounce by late spring 2025, driven by industrial demand. Grummes also examines the effects of geopolitical tensions on precious metals and warns of possible volatility in gold prices. He emphasizes the importance of understanding market psychology and advocates for responsible trading practices. Additionally, he highlights the potential in mining stocks as the industry adapts to changing demands.

Jeff Clark, Founder of The Gold Advisor and author of "Paydirt," shares his insights on the mining industry. He discusses the current bull market for gold, advocating for mining stocks as a lagging investment opportunity. Jeff highlights the impressive earnings growth of major gold producers and hints at increasing M&A activity in the sector. He also explores bullish trends for uranium and copper, emphasizes diverse portfolio strategies, and encourages investors to stay proactive and informed amid market fluctuations.