Palisades Gold Radio

Mario Innecco, financial and macroeconomic analyst with 25+ years in private banking and London markets, explains why the gold rally may have much further to run. He discusses de-dollarization, soaring global debt, the shift from paper to physical precious metals markets, and central bank gold buying. He also covers silver’s potential to outperform and the mechanics that could force a major gold revaluation.

Chris Rutherglen, PhD scientist/engineer and Level 3 CFA who runs The Gold Investor Research Substack, lays out a quantitative framework for precious metals cycles. He maps gold to Fed rate phases and mid-cycle multiples. He discusses possible targets from near-term highs to long-term scenarios like $24,000 gold and $840 silver. He also highlights indicators to watch for timing and a potential extra cycle extension.

Josh Young, the Chief Investment Officer and founder of Bison Interests, brings nearly two decades of expertise in oil and gas investing. He discusses the potential for geopolitical tensions, particularly with Iran, to massively disrupt oil supply. Young emphasizes that the market is underestimating these risks, with possible supply losses ranging from 1 to 20 million barrels per day. He also highlights challenges in production sustainability and the surprising resilience of oil demand, driven by economic factors and unique recession dynamics. Young shares his insights on identifying promising investment opportunities in the energy sector.

Stijn Schmitz welcomes Clive Thompson to the show. Clive Thompson is Retired Wealth Manager and Swiss Banker and, Host of the ‘Clive Thompson’ YouTube Channel. The episode centers on the current state of precious metals markets, with a particular focus on silver and gold. Thompson highlights a critical shift in the silver market, where industrial demand now exceeds mine supply. He explains that this dynamic is creating significant pressure on the market, with industrial consumers becoming increasingly concerned about potential silver shortages. The gap between physical and paper silver prices has widened dramatically, indicating underlying market tensions and potential supply chain disruptions. Regarding investment strategies, Thompson advocates for a measured approach to precious metals. He recommends investors gradually accumulate physical silver and gold as a form of insurance against potential financial system instability. He emphasizes that these assets should be viewed as a protective measure rather than a short-term speculation opportunity. The conversation also explores broader economic trends, including rising government debt, central bank behaviors, and potential future monetary systems. Thompson suggests that the increasing global debt burden could lead to significant financial transformations, potentially including the introduction of central bank digital currencies (CBDCs) that might restrict financial freedoms. On gold and mining stocks, Thompson sees significant potential. He explains that rising gold prices create leveraged profit opportunities for mining companies, with potential for substantial share price appreciation. He advises diversification within mining investments, recommending investors spread risk across different geographical regions and companies. Thompson’s insights are grounded in his extensive financial background, offering a nuanced perspective on precious metals as both an investment and a potential hedge against economic uncertainty. His approach is pragmatic, suggesting investors maintain a balanced portfolio while recognizing the potential volatility and systemic risks in the current financial landscape. Timestamps: 00:00:00 – Introduction 00:01:03 – Silver Bull Run Fundamentals 00:02:15 – Supply Demand Gap Analysis 00:04:41 – Industrial Off-Take Agreements 00:06:07 – Silver Substitution Challenges 00:09:00 – Rising Investment Demand 00:10:39 – Physical Market Bifurcation 00:12:24 – COMEX Delivery Surge 00:18:48 – Future Price Potential 00:21:18 – Retail Investor Strategies 00:24:51 – Gold Portfolio Drivers 00:32:24 – Global Debt Unsustainability 00:34:08 – CBDC Rationing Scenarios 00:42:17 – Mining Stocks Leverage 00:51:39 – Concluding Thoughts Guest Links: Website: https://clivethompson.com/ YouTube: https://www.youtube.com/@clivethompson-jc9my/featured Clive is a retired wealth manager and former managing director at UBP in Geneva, Switzerland.

Stijn Schmitz welcomes Gerald Celente to the show. Gerald Celente is Author, Founder, and Publisher of Trends Research Institute and Journal. The conversation delves into complex geopolitical and economic trends, with Celente offering a critical perspective on global politics, international conflicts, and economic dynamics. Celente provides a scathing critique of U.S. foreign policy, highlighting the disconnect between political rhetoric and actual actions, particularly focusing on leaders like Trump, Obama, and Biden. He argues that U.S. interventions in countries like Iran, Venezuela, and others are fundamentally driven by oil interests and geopolitical control rather than humanitarian concerns. Celente extensively explores the shifting global economic landscape asserting that the 21st century will be the “Chinese century.” He points to China’s significant investments in infrastructure, education, and emerging technologies like AI, contrasting this with what he sees as America’s declining innovation and increasing focus on military spending. Regarding economic trends, Celente predicts a potentially catastrophic economic scenario, which he terms the “greatest depression.” He emphasizes the critical role of precious metals, particularly gold and silver, as safe-haven assets during periods of geopolitical and economic uncertainty. Gerald highlights the massive U.S. national debt, potential digital currency implementations, and the ongoing erosion of the dollar’s global dominance. Celente is particularly critical of mainstream media, describing journalism as “dead” and advocating for comprehensive, multi-perspective reporting. Guest Links: Website: https://trendsjournal.com X: https://x.com/@geraldcelente Substack: https://trendsinthenews.substack.com Gerald Celente is the Founder/Director of the Trends Research Institute and Publisher of the weekly Trends Journal magazine. He is the author of the highly acclaimed and best-selling books “Trend Tracking” and “Trends 2000” (Warner Books). With a 43-year track record of identifying, tracking, and forecasting trends, Celente is world-renowned as today’s #1 Trend Forecaster. Celente has earned the reputation as a trusted name in trends for his many accurate forecasts; among them, the 1987 Stock Market crash, Dot com bust, “Gold Bull Run,” “Panic of ‘08,” the rise of organic foods, and the popularity of gourmet coffee long before Starbucks was a household name. Celente, who developed the Globalnomic methodology to identify, track, forecast, and manage trends, is a political atheist. Unencumbered by political dogma, rigid ideology, or conventional wisdom, Celente, whose motto is “Think for Yourself,” observes and analyzes current events forming future trends for what they are – not for how he wants them to be. A true American Patriot, Celente owns three pre-Revolutionary stone buildings on the most historic corner in America, where the seeds of Democracy were sown, Colonial Kingston, New York’s first Capitol. Self-described as a “Warrior for the Prince of Peace,” Gerald Celente is also the Founder “Occupy Peace & Freedom,” a not-for-profit movement to honor the Constitution and Bill of Rights and restore Freedoms.

Stijn Schmitz welcomes Bob Moriarty to the show. Bob Moriarty is Author, Founder 321 Gold, and a Former Marine Fighter Pilot. The conversation delves into complex geopolitical dynamics, focusing on the current global tensions between the West’s debt-based system and the East’s resource-based system. Moriarty offers a critical perspective on recent global conflicts, suggesting that the United States and Israel are the most aggressive nations, with potentially catastrophic consequences. Discussing Venezuela, Iran, and global tensions, Moriarty argues that these conflicts are not about oil or resources, but about maintaining Western economic dominance. He believes the current geopolitical landscape represents a fundamental shift, with the West’s debt-based system collapsing while Eastern nations like China, Russia, and Iran are becoming increasingly powerful. He emphasizes that these countries are not enemies of the West, but are simply defending their interests. Moriarty is particularly critical of U.S. foreign policy, describing current leadership as potentially the worst in world history. He warns of a potential financial collapse, comparing the current economic situation to 1929, but “ten times worse.” He strongly advocates for a return to a gold or silver-backed monetary system as a solution to the impending economic crisis. On precious metals, Moriarty is bullish, believing silver and gold are critical protection during financial chaos. He sees significant potential in these metals, noting their historical monetary importance and current industrial applications. He predicts a potential return to a gold or silver standard within the next decade. The discussion also touches on global conflicts, including potential tensions with Iran, the Ukraine-Russia war, and U.S. interventionist policies. Moriarty’s perspective is unequivocal: the United States risks significant losses by pursuing aggressive military and economic strategies. He argues that the world is witnessing a fundamental restructuring of global economic and political power, with the Western debt-based system facing inevitable collapse. Timestamps: 00:00:00 – Introduction 00:01:05 – Venezuela Intervention Analysis 00:05:54 – Attack on China Motive 00:08:42 – Trump’s Warpath Netanyahu 00:10:01 – Iran Protests CIA Role 00:13:36 – Strait of Hormuz Risks 00:16:39 – Ukraine-Russia Conflict Insights 00:22:10 – Debt vs Resource Systems 00:25:47 – Precious Metals Protection 00:29:11 – Fed Investigation Power Play 00:32:59 – Financial Collapse Parallels 00:37:11 – Silver Investment Thesis 00:42:55 – Future Gold Standard Outlook 00:45:41 – 321gold.com and Wrap Up Guest Links: Website: http://www.321gold.com Amazon: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU?ref=sr_ntt_srch_lnk_3&qid=1599932580&sr=8-3 Bob Moriarty founded 321gold.com with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind, and nuclear energy. Both sites feature articles, editorial opinions, pricing figures, and updates on both sectors’ current events. Previously, Moriarty was a Marine F-4B and O-1 pilot, with more than 832 missions in Vietnam. He holds fourteen international aviation records.

Josef Schachter, founder of Schachter Asset Management and a seasoned energy analyst, shares insights into the bullish outlook for the global oil market. He forecasts WTI prices climbing between $52-$100 over the next few years, driven by demand growth and constrained supply. The conversation touches on Venezuela's role in the oil landscape, the challenges of declining shale production, and the vast unmet energy needs of over a billion people. Schachter also offers savvy investment strategies, highlighting the importance of strong management and balance sheets in oil producers.

Join the legendary Rick Rule, an investor and founder of Rule Investment Media, as he delves into the shifting landscapes of commodities. He highlights gold's steady growth at 9% since 2000, the structural challenges in the silver market influenced by China, and urges caution with the US dollar facing a potential 75% decline in purchasing power. Rule emphasizes the long-term opportunities in copper, underscoring a decade of underinvestment, while recommending key players like Exxon in oil. His insights are a goldmine for resource investors!

Marc Faber, a contrarian investor and the mind behind the Gloom, Boom & Doom Report, dives deep into the impact of central bank money printing on the economy. He argues this distortion benefits financial institutions while hurting real wages. Faber explores historical economic cycles, the evolving power dynamics between the US, China, and Russia, and predicts a potential rally for silver and platinum. He offers investment strategies emphasizing diversification and highlights the diminishing purchasing power faced by average workers.

Bill Holter, a precious metals expert and former stockbroker, dives into the volatile world of gold and silver. He uncovers a staggering 300-400 million ounce supply deficit in silver, fueled by industrial demands from AI and electric vehicles. Holter explains the phenomenon of backwardation, where physical metal commands higher prices. With institutional buyers like Russia and India on the hunt for precious metals, he warns of imminent delivery failures in the silver market. Holter also predicts a shift towards a gold-backed currency among BRICS nations, signaling a transformative moment for global finance.