Keith Weiner: 2025 is the Perfect Storm for Gold

Palisades Gold Radio

#Collin Kettell #Business News #Politics #News #Bull Market #Finance #Business #Business Disciplines #Trading

33:19

What’s the secret to lasting friendships? How does queer community show up through the ebbs and flows of life? And what’s the REAL story behind the “YMCA” song? In the first episode of Silver Linings, The Old Gays dive into an essential part of queer life: chosen family. They discuss the vital love, support, and sense of belonging that community provides, especially during life's toughest moments. They open up about what “queer” means to them, how chosen family has impacted their lives, and how to maintain close bonds over time–including their love for each other! “We’ve come a long way, baby.” Family isn’t just what you’re born with; it’s the people who show up, shape you, and stick around. See omnystudio.com/listener for privacy information.…

about a year ago 56:56

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Tom Bodrovics welcomes back Keith Weiner for a discussion on the growing interest in gold as a hedge against economic instability and the risks associated with fiat currencies. Weiner highlighted that while some investors are drawn to gold due to its rising price momentum, others view it as a long-term insurance against the flaws inherent in government-backed money. He explained that governments often borrow without a clear plan to repay, leading to an unsustainable debt situation. This has led individuals and countries to seek alternatives like gold, which is seen as a stable store of value unaffected by monetary policy or political whims. Weiner also touched on the concept of "zombie credit," where corporations struggle to service their debts, particularly in the face of rising interest rates. The conversation delved into the geopolitical implications of de-dollarization and how countries are increasingly recognizing the limitations of relying solely on the US dollar for trade and reserves. Despite efforts by governments to create alternative currencies or payment systems, Weiner argued that these initiatives often fail due to a lack of trust and cohesion among nations. Additionally, Weiner discussed the impact of tariffs on global trade and their effect on debt servicing, noting how such policies can exacerbate financial instability. He also explored the differences between gold and silver markets, emphasizing that gold is more attractive to institutional investors as it offers a hedge against broader economic risks without the same level of volatility or storage challenges. Throughout the interview, Weiner emphasized the fundamental drivers behind gold's rise, including the decline in confidence in fiat currencies, the increasing debt levels globally, and the search for safe-haven assets. He concluded by noting that while gold faces short-term corrections, its long-term bullish trajectory remains intact due to ongoing structural economic issues and the relentless demand from both individual and institutional investors seeking stability amidst uncertainty. In summary, the interview underscored the role of gold as a critical hedge against an increasingly unstable financial landscape, driven by flawed monetary policies, geopolitical tensions, and the search for safe-haven assets. Talking Points From This Episode0:00 - Introduction0:38 - 2025 Gold Outlook7:25 - The Dollar Vs. Gold13:20 - Fiscal Responsibility19:46 - Dollar System & Debt25:58 - Usefulness of Tariffs?30:25 - Fed & Inflation Fight35:49 - Rates & Defaults39:18 - Perfect Storm for Gold?40:54 - Gold Vs. Silver Demand45:00 - Metal Demand & London51:20 - Gold Spreads & Traders53:42 - Gold Bull Outlook56:14 - Wrap Up Guest Links:Twitter: https://x.com/RealKeithWeinerWebsite: https://monetary-metals.comWebsite: https://goldstandardinstitute.netFacebook: https://www.facebook.com/keith.weiner.5 Keith Weiner is the founder and CEO of Monetary Metals, an investment firm that is unlocking the productivity of gold. Most people regard gold as a dry asset, to lock away in a vault, incurring storage fees. Many are waiting for it to rise in price. Keith and Monetary Metals are on a mission to change this. Gold should once again serve to finance productive enterprises and extinguish debts. The dollar performs one of these functions, but not the other. Bitcoin cannot finance anything, as no business can borrow a currency that’s expected to go up a hundred times. Gold is the one thing that fills both roles, par excellence. Keith writes and speaks extensively, based on his unique views of gold, the dollar, credit, the bond market, and interest rates. When he is not working on the business, he is developing his theory of monetary science, and an arbitrage theory of economics. Keith also serves as founder and President of the Gold Standard Institute USA. His work was instrumental in the passing of gold legal tender laws in the state of Arizona in ...

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Keith Weiner: 2025 is the Perfect Storm for Gold

Palisades Gold Radio

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published about a year ago

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959 episodes

#Collin Kettell #Business News #Politics #News #Bull Market #Finance #Business #Business Disciplines #Trading

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Ronald Stöferle: Gold has Entered the Public Participation Phase 49:08

1 day ago49:08

49:08

Ronnie Stöferle, researcher and fund manager at Incrementum and author of the In Gold We Trust report, emphasizes that gold remains a critical asset as its role evolves alongside shifting global dynamics. Over nearly two decades, Stöferle has observed significant changes in how gold is perceived and demanded, particularly driven by emerging markets like Saudi Arabia, India, China, and Turkey. These regions now account for the majority of physical gold demand, both from central banks and private investors, underscoring a growing recognition of gold’s value as a safe haven and store of wealth. Stöferle highlights that while gold is often seen as low volatility, it is currently in the “public participation phase” of its bull market cycle. This phase is characterized by increased media attention, higher price forecasts, and broader acceptance into investment portfolios. Despite gold’s recent rise to around $3,300 per ounce, Stoferle maintains a bullish outlook, projecting a long-term target of $4,800 by the end of the decade. He attributes this confidence to underappreciated demand from emerging markets and growing skepticism toward traditional financial systems. The discussion also delves into the distinction between “safe haven gold” (physical gold stored securely) and “performance gold” (silver mining stocks and commodities). Stöferle suggests that while physical gold serves as a defensive hedge, performance gold offers higher potential returns. However, he cautions investors to actively time their exposure to these assets due to their volatility. Additionally, Stöferle addresses the role of Bitcoin alongside gold, viewing it as a complementary asset within a broader portfolio diversification strategy. He notes that while Bitcoin faces skepticism from traditional financial institutions, its adoption is steadily gaining traction, particularly among younger investors. Timestamp References: 0:00 – Introduction 0:50 – Gold and Global Change 2:55 – Golds Performance 7:20 – Demand West Vs. East 12:48 – C.B. Gold Demand 15:57 – Int. Rates & Bond Mkts. 18:55 – Trump & Weaker Dollar 23:45 – New Gold Theory 27:54 – ETF Flows & Public Demand 30:48 – Silver’s Potential? 34:34 – Miner’s & Fundamentals 37:53 – Metals & Bitcoin’s Role? 44:27 – Tether & Treasuries 45:57 – Wrap Up & Final Thoughts Guest Links: In Gold we Trust 2025 – Full version: https://ingoldwetrust.report/download/46285/?lang=en In Gold we Trust 2025 – Compact version: https://ingoldwetrust.report/download/46286/?lang=en Video with all highlights of the report: https://www.youtube.com/watch?v=vM4_NDZL9mA&t=2s Slidedeck Key Takeaways of IGWT25: https://ingoldwetrust.report/wp-content/uploads/2025/05/Presentation-Press-Conference-In-Gold-We-Trust-report-2025-english.pdf Link to Incrementum’s Monthly Gold Compass: https://ingoldwetrust.report/monthly-gold-compass/?lang=en Subscription Link: https://ingoldwetrust.report/subscribe/?lang=en Twitter: https://x.com/@IGWTreport https://x.com/@RonStoeferle Webpage IGWT-report: https://ingoldwetrust.report/?lang=en Webpage Incrementum: https://www.incrementum.li/en/ Ronnald Stöferle is fund manager and managing partner of Incrementum AG. He studied Business Administration and Finance in the USA and at the Vienna University of Economics and Business Administration, and also gained work experience at the trading desk of a bank during his studies. Upon graduation he joined the Research department of Erste Group, where he published his first “In Gold We Trust” report in 2007. Over the years, the Gold Report has proceeded to become one of the benchmark publications on gold, money, and inflation. Since 2013 he has held the position as reader at scholarium in Vienna, and he also speaks at Wiener Börse Akademie. In 2014, he co-authored the book “Austrian School for Investors” and in 2019 “Die Nullzinsfalle” (The Zero Interest Rate Trap). He is also a member of the board of Tudor Gold, a Canadian exploration company with projects in the legendary Golden Triangle, British Columbia, and an advisor to VON GREYERZ, a global leader in asset preservation in the form of physical gold stored outside the banking system. Ronnie is married and proud father of three daughters. He likes to spend his spare time with his family, watching and playing football, running, and at classical concerts.…

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Tony Greer: Gold is Trading like a Prophecy, What are the Risks? 46:20

6 days ago46:20

46:20

Tom Bodrovics welcomes back Tony Greer, trader, editor of The Morning Navigator , and co-founder of the MacroDirt podcast, to discuss the current state of global markets. The conversation begins with an overview of the chaotic economic landscape, including regime change dynamics, inflationary pressures, and market volatility across sectors like bonds, gold, oil, and Bitcoin. Tony highlights the breakdown of traditional market correlations, making it difficult to predict trends. He emphasizes gold as a key store of value, noting central bank buying but expressing caution about its current highs and potential vulnerabilities if buyers step back. Gold miners, meanwhile, are performing well, though Tony questions whether larger investors will shift allocations into them. The discussion turns to bond markets, particularly the Japanese situation, where yields have spiked, raising concerns about central bank intervention. Tony suggests that yields may continue to rise before any potential stabilization. He also touches on inflation, noting that while official numbers appear tame, everyday costs remain high, and the impact of tariffs could linger. Oil prices are surprisingly stable despite geopolitical tensions, with plenty of supply keeping prices in check. Tony speculates that energy stocks could rebound if oil prices stabilize but remains cautious about their profitability at current levels. The interview also covers the broader economic picture, including the risks of a U.S. recession and the impact of Trump’s trade policies. Tony expresses skepticism about chasing recession narratives, instead focusing on market trends and central bank behavior. He concludes by reiterating the importance of watching stores of value like gold and Bitcoin, given the ongoing themes of currency debasement and geopolitical uncertainty. Timestamp References: 0:00 – Introduction 0:43 – Interesting Times 1:42 – Politics & Correlations 3:44 – C.B. & High Gold Prices 12:05 – Timeframes & Signals 16:46 – Capital Rotation Miners 19:44 – Global Debt Markets 22:57 – Volatility & Confusion 25:16 – C.B. Coordination & YCC 27:00 – Inflation Threats? 28:41 – Oil Price Drivers 33:18 – Recession Risks? 35:25 – Tariff Ramifications 37:14 – Copper? 38:10 – Trump’s Administration 40:40 – 2025 What to Watch 43:58 – U.S. Debt Overhang? 45:21 – Wrap Up Guest Links: Substack: https://tgmacro.substack.com/ Twitter: https://x.com/tgmacro Website: https://tgmacro.com/ E-Mail: tony@tgmacro.com Macro Dirt Podcast: https://www.google.com/search?q=macro+dirt+podcast After graduating from Cornell University in 1990 Tony followed in his father’s footsteps to a Wall Street trading operation. He quickly learned his career path would be vastly different. He says, “I would not be sitting in the same seat on the same trading desk managing the same risk for the same firm for over 30 years.” We have clearly entered a new era in financial markets. He began in the treasury department of Sumitomo Bank on the 107th floor of the World Trade Center downtown Manhattan. Tony was an FX trading assistant while the Quantum Fund was breaking the Bank of England in 1992. In 1993 he joined Union Bank of Switzerland as an FX and commodities trader, spending half a year as a Vice President in their Zurich treasury department. Then returned to New York City early in 1995 to join J. Aron & Company, the privately held commodity trading arm of Goldman Sachs. He managed risk for the Goldman Sachs Commodities Index, in precious and base metals trading, and futures and options trading on the New York Mercantile Exchange. He started his first venture in 2000 – Machine Trading which happened right before the tech bubble burst. That decision was his first excruciating life lesson in market timing. It turned out to be an extremely valuable learning experience. He believes there is a massive opportunity with both the unprecedented situation in global markets and in the way financial news is consumed. In 2016, he started TG Macro, LLC.…

Palisades Gold Radio

1
Chris Whalen: Inflated – Money, Debt, and the American Dream 57:39

7 days ago57:39

57:39

Tom Bodrovics introduces Chris Whalen, author of Inflated: Money, Debt, and the American Dream , which has been re-released in a second edition with significant updates. The conversation focuses on the current state of markets, the impact of President Trump’s tariff policies, and the challenges posed by the federal debt and inflation. Chris explains that he removed 20,000 words from his original book to make space for a new chapter analyzing the Federal Reserve’s management of the money supply under Ben Bernanke, Janet Yellen, and Jerome Powell. He highlights how the U.S. housing market has become heavily government-supported, leading to increased volatility and rising costs for consumers. Discussing inflation, Chris notes that it is driven by the inability of governments to generate sufficient income to meet their people’s needs, as seen in countries like Argentina. He argues that borrowing from future income through debt creates distortions, particularly in housing markets, where prices have surged due to low interest rates and government intervention. He also critiques the dysfunctionality of Congress, which he believes is unable to pass budgets or manage spending effectively. Chris emphasizes the importance of gold as a hedge against inflation and expresses skepticism about stablecoins and cryptocurrencies, calling them speculative vehicles rather than reliable alternatives to fiat currency. He suggests that the U.S. dollar’s dominance in global markets contributes to inflationary pressures, as other countries benefit from using dollars without bearing the associated costs. The discussion concludes with Chris offering an optimistic outlook, noting that while challenges remain, opportunities exist for investors to navigate inflation through real estate and gold. He encourages listeners to manage investments with a long-term perspective, considering the erosive effects of even low levels of inflation over time. Time Stamp References: 0:00 – Introduction 1:02 – His Revised Book 3:08 – Tariffs & Debt Distortions 7:12 – Reserve Currency & Inflation 11:03 – Debt Markets & Fed/Banks 17:32 – National Debt & Spending 21:18 – DOGE Cuts & Old Systems 30:17 – Trump’s Strategy? 34:04 – Gold During Nixon Era 39:08 – Book & US Administrations 44:13 – MMT Era & Cryptocurrency? 50:21 – Silver Supply & 1800s 52:06 – Stablecoin Backing 55:02 – Concluding Thoughts 56:33 – Wrap Up Guest Links: Website: https://www.rcwhalen.com/ X: https://x.com/rcwhalen Books (Amazon): https://tinyurl.com/mv3wctcr LinkedIn: https://www.linkedin.com/in/rcwhalen/ Richard Christopher Whalen is an investment banker and author based in New York. He serves as Chairman of Whalen Global Advisors LLC, focusing on banking, mortgage finance, and fintech sectors. Christopher is a contributing editor at National Mortgage News and a general securities principal and member of FINRA. From 2014 to 2017, he was the Senior Managing Director and Head of Research at Kroll Bond Rating Agency, leading the Financial Institutions and Corporate Ratings Groups. Previously, he was a principal at Institutional Risk Analytics from 2003 to 2013. Over three decades, Chris has worked as an author, financial professional, and journalist in Washington, New York, and London. After graduating, he served under Rep. Jack Kemp (R-NY) at the House Republican Conference Committee. In 1993, he was the first journalist to report on secret FOMC minutes concealed by Alan Greenspan. His career included roles at the Federal Reserve Bank of New York, Bear Stearns & Co., Prudential Securities, Tangent Capital, and Carrington Mortgage Holdings. Christopher holds a B.A. in History from Villanova University. He is the author of three books: “Ford Men: From Inspiration to Enterprise” (2017), published by Laissez Faire Books; “Inflated: How Money and Debt Built the American Dream” (2010) by John Wiley & Sons; and co-author of “Financial Stability: Fraud, Confidence & the Wealth of Nations,” also with Wiley. He served on FINRA’s Economic Advisory Committee from 2011 to 2023 and was an advisor on Season 5 of SHOWTIME’s “Billions.” Additionally, he was a fellow at Indiana State University (2008-2014), a member of Villanova School of Business’ Finance Department Advisory Council (2013-2016), and a board member of the Global Interdependence Center (2017-2019). Christopher edits The Institutional Risk Analyst and contributes to other publications and forums. He has testified before Congress, the SEC, and FDIC. A regular media commentator on CNBC, Bloomberg, and Fox News, Chris is active on social media under “rcwhalen.” He is also a member of The Mortgage Bankers Association and The Lotos Club of New York.…

Palisades Gold Radio

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David Skarica: Mega Returns – Profiting from Maximum Pessimism 1:03:28

8 days ago1:03:28

1:03:28

David Skarica discusses his book “Mega Returns: Profit from Maximum Pessimism,” highlighting key themes such as the end of asset price inflation driven by excessive debt and government spending. The conversation begins with an exploration of how COVID-19 and the 2008 financial crisis fueled a period of unprecedented debt, leading to inflated asset prices across sectors. Skarica emphasized the dangers of governments overspending during COVID, particularly in the U.S., where interest payments now surpass defense budgets. A concerning sign of fiscal strain. He warned that rising debt levels globally, especially in Japan and emerging markets like Canada and Australia, could trigger a debt crisis, potentially leading to hyperinflation. Investment strategies were a focal point, with Skarica advocating for precious metals such as gold, silver, platinum, and palladium as hedges against inflation. He also suggests specific ETFs for corporate bonds and options trading as actionable strategies. Additionally, he highlighs opportunities in emerging markets, particularly India’s growth potential and Argentina as a turnaround play. Green energy and technology are discussed with cautious optimism. While skeptical of some trends, Skarica identifies opportunities in green energy companies and rare earth metals. He remains cautious about cryptocurrencies like Bitcoin, noting their volatility but acknowledging their role as a hedge against dollar devaluation. Finally, Skarica underscores the importance of monitoring bond markets for signs of economic stress, particularly rising yields, which could indicate broader financial instability. His insights provide a comprehensive view of current market dynamics and actionable strategies for investors navigating a complex financial landscape. Timestamp References: 0:00 – Introduction 0:40 – Profit From Pessimism 4:28 – Timing the Debt Mkts. 8:52 – Canada & Australia 11:40 – Global Bail Outs? 14:44 – Revaluing Gold Res. 19:23 – Corporate Debt Concerns 25:01 – Trade Ideas & Theories 27:28 – Opportunity Still in PMs 32:52 – Platinum Metals? 35:54 – Commodity Prices 40:37 – Energy & Agriculture 43:52 – Oil Company Risks 47:32 – Emerging Markets? 49:55 – Argentina? 52:01 – New Technology 55:05 – Bitcoin & Ethereum 57:24 – G. Energy & Rare Earths 1:01:08 – New Book Details 1:02:16 – Wrap Up Guest Links: Twitter: https://x.com/DavidSkarica YouTube: https://youtube.com/@profitpess Website: https://profitfrompessimism.com David Skarica had an interest in financial markets at an early age. At the age of 16, he read the small booklet “The Plague of the Black Debt”, by James Dale Davidson, which was given to him by his uncle. David was always a sports stat nut, loving football, hockey and baseball stats, which lead to David becoming intrigued with economics and markets. David is such an avid Football and Las Vegas Raiders fan — his principal in grammar school was Bernie Custis, who was the late Raiders owner Al Davis’ roommate at Syracuse University, and the first ever African American quarterback in college and pro football history — that he also runs his own football vlog, Raiders Greats, which discusses great Raiders player of the past. He also is a soccer fan who supports Leeds Utd., as his father was born in Leeds, England. In 1996, at the age of 18, David became the youngest person on record (that he knows of anyhow) to obtain the Canadian Securities Course (CSC) license to trade investment securities. In the late 1990s, David felt that the market was becoming another epic bubble similar to the bubble of the 1920s, so he decided at the tender age of 20 to write his first book, Stock Market Panic!, which was published in 1998. Over the next decade, gold soared from $250 an ounce to nearly $1900, while the S&P 500 lost value. In the same year that this book was published, he decided to start his newsletter, Addicted to Profits. The newsletter’s name was a spin on Robert Palmer’s famed song Addicted to Love. The irony was Robert Palmer recorded this song in the Bahamas ay the famous Compass Point Recording Studio, and David himself would end up moving to the Bahamas in 2005 (another Irony about David moving to the Bahamas is that his mentor Sir John Templeton also resided there).…

Palisades Gold Radio

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Lyn Alden: Trump Team’s Attempts at Cutting the Deficits Will Fail 1:01:30

13 days ago1:01:30

1:01:30

Tom welcomes back Lyn Alden, Founder of Lyn Alden Investment Strategy, to the show to discuss the intricacies of trade deficits, the role of the US dollar as a global reserve currency, and the broader economic implications for the United States. Lyn explains that a trade deficit occurs when a country imports more than it exports, and while some countries experience this cyclically, others, like India, have managed structural deficits by investing in long-term growth rather than overconsumption. The US, however, faces a unique challenge: its trade deficit is deeply tied to its status as the world’s reserve currency, which creates an excess demand for dollars and makes it difficult to manufacture competitively. Lyn highlights that the dollar’s strength perpetuates this cycle, making imports expensive and exports cheaper, while also forcing the US to rely on foreign investment to fund its deficits. This dynamic has contributed to deindustrialization and a shift in economic power globally. She contrasts this with historical examples like the UK during the Bretton Woods era, where a similar situation led to stagnation before the rise of new powers like the US. The discussion shifts to fiscal dominance, where large government deficits constrain monetary policy, making central banks more reliant on fiscal authorities. Lyn notes that the Fed is increasingly limited in its ability to control inflation due to these fiscal pressures. She also addresses Trump’s tariff policies, arguing they harm domestic industries and shift costs onto American consumers while failing to address the root causes of trade imbalances. Inflationary pressures from tariffs are uneven, with specific sectors facing price increases while others experience disinflation. Lyn emphasizes that sustained inflation requires broader money supply growth, which has not been a significant factor in recent years. She concludes by exploring alternatives like gold and Bitcoin as potential reserve assets, suggesting that diversification into neutral reserves could help mitigate risks but remains largely theoretical at this stage. Time Stamp References: 0:00 – Introduction 0:40 – Trade Deficits & Tariffs 5:02 – Sustainable Economics? 10:33 – Dollar & Liquidity 14:02 – Fiat Currency ‘Growth’ 15:49 – Fed & Fiat Deflation? 21:40 – Tariff Model & Truth 25:05 – Gold, Bitcoin, & Dollar 28:30 – Trade, Tariffs, & Conflict 33:04 – Bond Market Impacts 36:36 – Taxes & Gradual Tariffs 39:05 – DOGE & Reducing Deficits 42:00 – Fiscal Dominance 46:23 – Devaluing/Lower Dollar? 49:43 – U.S. Gov’t Buying Gold? 52:20 – Bitcoin Reserve? 56:09 – Tariffs & Inflation Effects 59:40 – Watch for Fiscal Issues 1:00:50 – Wrap Up Guest Links: Twitter: https://x.com/LynAldenContact Website: https://www.lynalden.com/ Lyn Alden is editor and publisher of LynAlden.com, where she has both a subscription and a free financial newsletter. She says, “Her background lies at the intersection of engineering and finance.” Her site provides investment research and strategy, covering stocks, precious metals, international equities, and alternative investments, with a specialization in asset allocation. Whether you’re new to investing or experienced, there’s a lot there for you. Lyn has a bachelor’s degree in electrical engineering and a master’s degree in engineering management, focusing on engineering economics and financial modeling. She oversees the finances and day-to-day operations of an engineering facility. She has been performing investment research for over fifteen years in various public and private capacities. Her work has been editorially featured or cited on Business Insider, Marketwatch, Time’s Money Magazine, The Daily Telegraph, The Philadelphia Inquirer, The Street, CNBC, US News and World Report, Kiplinger, and The Huffington Post. She has also appeared on Real Vision, The Investor’s Podcast Network, The Rebel Capitalist Show, The Market Huddle, and many other podcasts. She is also a regular contributor to Seeking Alpha, FEDweek, and Elliot Wave Trader.…

Palisades Gold Radio

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Brett Heath: Silver’s Big Moment – Is a Market Reversal Coming? 40:52

14 days ago40:52

40:52

Tom Bodrovics welcomes back Brett Heath, CEO of Metalla Royalty and Streaming, to discuss the current state of the gold industry. Brett highlights a strong bid under gold, driven by macroeconomic factors such as shifting perceptions around US assets and central bank diversification into gold. He notes that emerging market economies are reducing their exposure to US treasuries and increasing gold reserves, creating sustained demand. Brett emphasizes the undervalued nature of gold equities compared to historical standards, suggesting they are attractively priced for investors seeking stability and cash flow. He points to increased M&A activity as companies scramble to acquire high-quality assets amid a scarcity of scalable projects. Brett also discusses the speculative nature of silver, which is currently underperforming relative to gold, but sees potential for a rebound if sentiment shifts. Overall, Brett paints a bullish picture for gold, with significant long-term appreciation expected despite short-term volatility. He urges investors to monitor trends in asset valuation and central bank activity, signaling that now may be an opportune time to invest in high-quality gold assets. Time Stamp References: 0:00 – Introduction 0:40 – Global Macro Picture 5:20 – C. Banks East Vs West 6:27 – Who Buys Next? 8:26 – Timeline & Mkt. Direction 10:25 – GDX & GDX.J Outflows 12:38 – Gold, Fed & Catalysts 16:05 – Inflation Drivers 19:08 – U.S. Debt & Servicing 21:42 – Industry Sentiment 25:28 – Hurdles for Gold? 28:53 – Chaotic M&A Coming? 30:50 – Perception & Valuations 36:03 – Silver Ratio Thoughts 39:13 – Violent Reversal Silver 40:15 – Wrap Up Guest Links: Website: https://www.metallaroyalty.com/ LinkedIn: https://www.linkedin.com/company/metalla-royalty-and-streaming-ltd. Twitter: https://x.com/metallaroyalty Brett Heath is Chief Executive Officer and Director of Metalla Royalty & Streaming. Mr. Heath has a comprehensive career in the royalty sector and public markets with over two decades of experience. Over his career, he has founded and built over $1 billion in value using the royalty model in the public and private markets. He is currently the Chief Executive Officer of Metalla Royalty (NYSE: MTA) and Director of Key Carbon Ltd. (Private). He has completed over 50 royalty transactions in gold, silver, copper, nickel, and carbon markets with a diverse group of counterparties from major corporates, private equity, and private interests.…

Palisades Gold Radio

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Michael Gentile: The Perfect Storm in Mining – Record Gold Prices and Undervalued Stocks 1:00:53

15 days ago1:00:53

1:00:53

Michael Gentile, strategic investor in the junior mining sector and co-founder of Bastion Asset Management, discusses the current state of the gold mining industry and its potential for mean reversion. He highlights that gold mining stocks are trading at depressed levels despite record-high gold prices, creating a compelling entry point for investors. Gentile notes that while gold prices have tripled since 2018, gold mining stocks have lagged behind, offering significant value. Gentile emphasizes the importance of investing in commodities during periods of low sentiment and depressed prices, as this setup often precedes substantial returns. He points to historical cycles where negative sentiment and undervaluation led to major rebounds in gold mining stocks. Gentile also underscores the strong fundamentals of the industry, including record margins and free cash flow generation, which he attributes to higher gold prices and stable costs. He contrasts the current market with past periods, such as 2015-2020, where similar conditions led to significant rallies in gold mining stocks. Gentile believes that the sector is poised for a rotation, driven by improving fundamentals and macroeconomic factors like central bank buying of gold and geopolitical uncertainties. He also notes that while tech stocks have outperformed gold mining stocks historically, the latter now offers a unique opportunity due to its undervaluation. Gentile advises investors to diversify their exposure to the sector through ETFs or baskets of producing companies before moving into higher-risk junior miners. He stresses patience and a long-term perspective, as building mines takes time and requires careful consideration of jurisdictional risks and infrastructure challenges. In conclusion, Gentile sees the gold mining sector as a multi-year tailwind driven by macroeconomic trends, including the repositioning of gold as a hedge against inflation and the US dollar’s decline. He encourages investors to allocate at least 5-10% of their portfolios to gold or related equities to preserve wealth in uncertain times. Timestamp References: 0:00 – Introduction 0:43 – Mining Valuations & Risk 3:08 – Catalysts & Charts 7:24 – Margin Expansion Growth 13:53 – Miners & Projections 16:08 – Global Slowdown Impacts? 19:10 – Capital Rotation Charts 25:15 – Timing & Positioning 28:43 – Lassonde Curve & Patience 32:13 – Other Metals & Sentiment 34:46 – Project Timelines & Risks 40:00 – M&A & Finding Projects 45:50 – Secondary Project Factors 48:20 – Rating Jurisdictions 50:37 – Development & Resource Est. 53:47 – Advice for New Investors 56:37 – Portfolio Weightings 59:23 – Concluding Thoughts Guest Links: LinkedIn: https://www.linkedin.com/in/michael-gentile-01028552 Website: https://bastion-am.com Michael Gentile, CFA, Founding Partner & Senior Portfolio Manager Before founding BAM, Michael was Vice President and Senior Portfolio Manager at Formula Growth Ltd for over 17 years. Michael co-managed the FG Alpha Fund (US SMid equity market neutral) between 2012 and 2018, co-managed the FG Focus Fund (US SMid long short strategy) between 2014 and 2018. Since leaving FG in 2018, Michael has been very successful investing in the gold sector also acting as Strategic Advisor and Director for several companies in the natural resource sector. Michael graduated with Great Distinction from the John Molson School of Business (Concordia University) with a Bachelor of Commerce (Finance) and received the Calvin Potter Fellowship from Concordia’s Kenneth Woods Portfolio Management Program. He also holds the Chartered Financial Analyst designation (CFA)…

Palisades Gold Radio

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Luke Gromen: Gold Can be Used to Rebalance the Global Economy Without a World War 1:23:12

21 days ago1:23:12

1:23:12

Tom welcomes back Luke Gromen of Forest For The Trees back to the show. The discussion delves into complex economic and geopolitical dynamics, focusing on how global powers might navigate a transition away from the dollar-based system towards a neutral reserve asset like gold. He begins by highlighting that the current dollar-centric system is unsustainable due to high deficits and debt levels. A potential solution, he suggests, involves using gold as a neutral reserve asset, which would allow commodities to be priced in multiple currencies and facilitate trade settlements. This shift could create a more balanced and resilient global economic framework. Moving on to geopolitical implications, Gromen notes that the conflict in Ukraine has underscored the limitations of conventional military strategies, shifting the balance of power dynamics. He points out that countries like Russia and China are driving efforts to move away from the dollar system, which necessitates a new economic framework. This transition is not just an economic shift but also a significant geopolitical realignment. Luke emphasizes the importance of incentives for avoiding direct military confrontation with major powers. He explains that such conflicts are strategically unwise due to nuclear deterrence and the deep interdependence of economies. Instead, he argues that negotiating a new economic order aligns with long-term strategic interests and avoids the catastrophic consequences of war. Drawing on historical context, Mr. Gromen observes that the post-World War II debt-based economy is nearing its limits, making it imperative to return to a more sustainable model. He suggests that transitioning to gold as a reserve asset could reboot global economies, fostering stability and growth without resorting to conflict. This approach not only addresses current economic challenges but also positions nations for future prosperity. Time Stamp References: 0:00 – Introduction 0:55 – Tariffs & China’s Response 5:52 – Trade Disruption & Inflation 8:26 – Inflation & Real Rates 10:35 – Bessent Put & Move Index 12:26 – Treasury Auction Thoughts 16:45 – W. Buffett Cash Reserve 22:14 – Inv. Funds and Mandates 23:53 – News Cycle/Gold Theory 31:00 – Chinese Fin. Officials 34:46 – Large U.S. Gold Imports 40:48 – Official Denial/Confirm 44:44 – Revaluing Gold Reserves 48:28 – Gold Backed Treasuries? 51:49 – Gold Pricing Cui Bono 54:17 – Oil/Dollar Scenarios 1:02:03 – Russia/Saudi & Oil Mkts. 1:03:39 – Economics & Derisk. Conflict 1:14:53 – Incentives & Ukraine 1:17:17 – End of Debt as Assets Era 1:21:30 – Wrap Up Guest Links: Twitter: https://x.com/lukegromen Website: https://fftt-llc.com/ Luke Gromen began his career in the mid-1990s in Research at Midwest Research before moving over to institutional equity sales and becoming a partner. While in sales, Luke was a founding editor of Midwest’s widely-read weekly summary (“Heard in the Midwest”) for the firm’s clients. He aggregated and combined proprietary research from Midwest with inputs from other sources. In 2006, Luke left FTN Midwest to become a founding partner of Cleveland Research Company. At CRC, Luke continued to work in sales and edit CRC’s flagship weekly research summary piece (“Straight from the Source”) for the firm’s customers. In 2014, Luke left Cleveland Research to found FFTT, LLC (“Forest for the Trees”), a macro/thematic research firm catering to institutions and individuals that aggregates a wide variety of macroeconomic, thematic, and sector trends in an unconventional manner to identify investable developing economic bottlenecks. Luke also provides strategic consulting services for corporate executives. He is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University and earned the CFA designation in 2003.…

Palisades Gold Radio

1
Chris Vermeulen: Gold is Signaling a Financial Reset is Upon Us 52:07

22 days ago52:07

52:07

Tom welcomes back Chris Vermeulen, the founder of The Technical Traders, to discuss the highly volatile year of 2025 so far. He notes that volatility has been extreme across various asset classes, driven by factors like geopolitical tensions, AI advancements, and fears of an impending recession. Vermeulen emphasized that while day traders thrive in such environments due to significant intraday swings, swing traders face increased risks with massive price gaps. Long-term investors should prioritize capital preservation by moving to cash until market clarity emerges, as he believes a bear market has already begun. He warned against the “buy the dip” mentality, especially for those nearing retirement, cautioning that this approach could lead to significant losses in a prolonged bear market. Vermeulen points out key indicators of an impending financial reset, including economic data showing hiring declines and rising unemployment, as well as housing market corrections with inventories soaring. Gold was discussed as a safe haven asset, though Vermeulen cautioned about potential pullbacks. He suggested that gold miners could offer better opportunities once the market stabilizes. Seasonality plays a role in his analysis, noting that stock markets typically struggle post-May, aligning with his bearish outlook. Real estate was also addressed, with Vermeulen predicting price drops of 15-20% and warning about the broader economic impact as housing values decline. He highlighted the psychological effect on investors when their largest asset depreciates, potentially leading to panic selling across markets. The U.S. dollar’s potential strength was discussed, with Vermeulen suggesting it could rally in a risk-off environment. Time Stamp References: 0:00 – Introduction 0:52 – Market Volatility & Trading 4:58 – Markets in Topping Stage 8:30 – Cliff Phase Indicators 15:22 – Downside Targets Gold 18:50 – Expectations for Miners? 23:18 – Seasonality in 2025? 26:00 – Silver Markets & Risk? 28:57 – Bitcoin Decoupling 31:45 – Real Estate & Nest Eggs 34:30 – Google Search Trends 42:08 – Dollar Thoughts 48:49 – Mkt Resets & Wrap Up Guest Links: Twitter: https://twitter.com/TheTechTraders Website: https://www.thetechnicaltraders.com/ Chris Vermeulen is the Founder of Technical Traders Ltd. Chris has been involved in the markets since 1997. He is an internationally recognized technical analyst, trader, and author. Years of research, trading, and helping individual traders worldwide have taught him that many traders have great trading ideas, but they lack one thing. They struggle to execute trades systematically for consistent results. Chris helps educate traders, and his mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility. He has also been on the cover of AmalgaTrader Magazine and featured in Futures Magazine, Gold-Eagle, Safe Haven, The Street, Kitco, Financial Sense, Dick Davis Investment Digest, and dozens of other financial websites.…

Palisades Gold Radio

1
Byron King: Gold is Being Remonetized, Like It or Not 1:12:00

23 days ago1:12:00

1:12:00

Tom welcomes back geologist and newsletter writer Byron King for a discussion on various aspect of the mining industry and the impacts of tariffs. They touch upon the fact that central banks are buying large amounts of gold and the impact this has on gold prices. They also mention the neglect of mining shares in comparison to the rise in gold prices, creating opportunities for investors. They also discuss the current mining cycle and how companies are reporting good earnings due to high gold prices. Byron suggests investors look for companies with assets, a strong management team, and resources worth exploring further. He mentions several examples of promising companies and opportunities within the gold space, as well as mentioning his own experiences at mining conferences. Additionally, Byron gives us his thoughts on the global market situation and how tariffs may affect various industries and economies. Byron encourages listeners to explore more about hard assets and investing in metals and energy for potential opportunities and growth. Time Stamp References: 0:00 – Introduction 0:52 – First 100 Days & Gold 4:35 – Gold, Uncertainty & Price 10:45 – Trump Taxes & Deficits 17:57 – W. Vs E. Gold Monetization 25:44 – China & Trade War Options 35:17 – Trump Greenland & Canada 44:44 – Underinvestment in Mining 55:00 – Miner Margins & Sentiment 1:02:43 – Opinions at Conferences 1:09:23 – Wrap Up Guest Links: Website: https://paradigmpressgroup.com/ Byron King has first-hand expertise and connections in important industries like commodities and defense. He literally goes the extra mile to bring you perspectives you won’t find anywhere else. His insights have been featured on MSN Money, Marketwatch.com, Fox Business News, CNBC’s Squawk Box, Larry Kudlow, Glenn Beck and PBS’s NewsHour. He has also been published in the Financial Times, The Washington Post and The Wall Street Journal. Byron graduated from Harvard University with a degree in geological sciences. He then went to work as a geologist for Gulf Oil Exploration and Production. Next came a tour as a flight officer for the U.S. Navy. At one point, he was an aide to the United States Chief of Naval Operations. After leaving active duty, Byron began practicing law. In 2002, he started corresponding with the staff of The Daily Reckoning. His work was featured so frequently he was often called an “unpaid contributor.” When he officially joined the staff, he began criss-crossing the globe in search of the world’s best mining investment opportunities. Even now Byron spends much of his time away from home, checking out remote exploration sites, mines, rigs and plants to bring you a first-hand account of almost every investment opportunity he recommends. His way of breaking down technical language into everyday English has earned him a lot of fans. And you can count on him to give you the clearest picture of companies that make the world work.…

Palisades Gold Radio

1
John Johnston: America’s New Bull Market and the Unknown Top for Gold 56:32

28 days ago56:32

56:32

Tom Bodrovics welcomes John Johnston (JJ), a seasoned trader with over 47 years of experience and 30-Years on the Comex and Nymex. John expresses a bullish stance on gold, emphasizing its long-term potential despite near-term volatility. He acknowledges silver's struggles due to contango and high costs but remains optimistic about its eventual rebound. He also highlights his bullishness on bonds and the U.S. economy, crediting President Trump for fostering positive change and balance in the financial system. JJ's trading strategy revolves around technical indicators like the slow stochastic oscillator and Wells Wilder’s directional movement indicator, which he applies across various markets. He stresses the importance of position sizing, risk management, and understanding one's limitations as critical components of successful trading. The conversation delves into broader economic themes, including Trump's policies on taxation, tariffs, and antitrust measures, which JJ believes could redistribute wealth more equitably. He also touches on risks such as geopolitical tensions and potential recessions but remains optimistic about the administration's ability to navigate these challenges. John critiques the Federal Reserve's dual mandate, arguing it should prioritize protecting the dollar and banking system. He reflects on the historical significance of current events, likening them to pivotal moments in American history that will shape the nation's future. Time Stamp References:0:00 - Introduction0:57 - Current Market Thoughts3:30 - Comex Experience11:23 - Gold Bull & Sentiment15:00 - Crude / Gold Ratio24:46 - Trump Policies & Risks34:48 - Silver Scenarios39:50 - Manipulation & Metals?43:20 - Vault Audits & Tungsten47:16 - Powell Challenges53:12 - Concluding Thoughts55:25 - Wrap Up Guest LinksSubstack: https://jj745.substack.comX: https://x.com/Alyosha745 John Johnston (JJ) is a veteran trader for 47-years with 30-years experience with the Comex and NYMEX. Known for his expertise in energy, gold, and silver, his views are old school pit wisdom with decades of technical evolution, and a somewhat literate overview of history and maket-lore. He writes about market trends and insights on the Market Vibes Substack. He says, "As a writer, I never try to be right. I try to be honest. I never want a reader to think what I think. I want the reader to know what I know."…

Palisades Gold Radio

1
Josh Phair: The East Vs. West Race for Metals and Miners is Heating Up 46:45

29 days ago46:45

46:45

In this episode of Palisades Gold Radio, host Tom Bodrovics interviews Josh Phair, CEO of Scottsdale Mint and Wyoming Reserve. The discussion centers on the current state of global finance, particularly the role of gold as a reserve asset and its implications for central banks, markets, and investors. Phair highlights that central banks are increasingly turning to gold as a risk-free asset, replacing treasuries on their balance sheets. This shift is driven by de-leveraging and de-risking strategies amid concerns over fiat currency inflation. He notes that countries like China have been leading this trend, with significant imports of gold into the U.S., signaling a global "gold race." The conversation also touches on Basel III regulations, set to take effect in summer 2025, which require banks to hold more capital and physical gold. Phair explains that owning ETFs does not provide the same risk-free status as holding physical gold, prompting central banks to prioritize its acquisition. Phair discusses the recent LBMA delivery issues, where metals were being requested at unprecedented rates, leading to delays. He suggests this was a combination of factors, including tariffs, market dynamics, and regulatory preparedness. Phair also explores the role of gold in a potential monetary reset, suggesting that while it won't happen overnight, gold is likely to play a significant role due to its status as a trusted asset. He advises investors to follow the lead of central banks and accumulate physical gold as a hedge against uncertainty. Time Stamp References:0:00 - Introduction0:48 - Gold Vs. Treasuries3:20 - LBMA Deliveries & Tariffs10:37 - Exchange Purity Specs12:36 - Who is Buying?17:02 - Bessent & Gold19:24 - Risks & Scenarios24:27 - Public & Retail Interest27:25 - Fed & China Trade Collapse35:49 - Manufacturing Investment42:50 - Capital Rotation & BRICS45:02 - Wrap Up Guest Links:Website: https://www.scottsdalemint.comX: https://x.com/scottsdalemintX: https://x.com/JoshPhilipPhairInstagram: https://www.instagram.com/scottsdalemint/ Scottsdale Mint was started in 2008 by Josh Phair after working as Vice President of what is now known as Willis Towers Watson, where he ran the North American Mining Practice, personally managing dozens of the largest mining companies and their risk management operations. Dedicating himself to innovation, quality, and security, Mr. Phair orchestrated a remarkable transformation of the company, evolving it from a mere retailer into a prominent U.S.-based manufacturer. Simultaneously, he adeptly managed a sophisticated trade and hedge book encompassing commodities, currencies, and digital assets. Thanks to his strategic leadership, Scottsdale Mint has earned global recognition as a premier brand in the precious metals industry. Josh Phair also cofounded and serves as CEO of The Wyoming Reserve Opportunity Zone Fund, a tax-advantaged precious metals vaulting business. In addition to his remarkable achievements, Mr. Phair’s profound appreciation for fine art extends to a deep passion for both traditional and digital artistic expressions. This passion serves as the driving force behind the artistic excellence that sets Scottsdale Mint apart in the realm of precious metals.…

Palisades Gold Radio

1
Tavi Costa: Gold’s Revaluation – This Could Be History in the Making 49:42

5 weeks ago49:42

49:42

Tom welcomes back Tavi Costa, Portfolio Manager at Crescat Capital, to discuss the current state of gold, silver, mining stocks, and broader economic trends. Costa emphasizes that despite technical indicators suggesting overbought conditions in gold, the underlying macroeconomic factors point to continued strength in precious metals. He highlights the role of central banks, particularly in emerging markets like China, Russia, and Turkey, which have been significant buyers of gold. Costa argues that gold's revaluation is driven by global debt imbalances, de-globalization trends, and countries seeking to stabilize their monetary systems. He also explains how higher gold prices can increase the U.S. Treasury’s cash reserves, enabling buybacks of Treasuries without quantitative easing, which he believes will be a critical tool for managing debt. Costa is bullish on mining stocks, noting they are historically undervalued relative to U.S. equities and have outperformed over the past decade. He suggests that as global infrastructure needs grow and supply chains shift, mining companies will play a crucial role in meeting demand for essential commodities. Additionally, he points out the attractive valuations of silver, given its high gold-to-silver ratio, which he believes could lead to significant price appreciation. The discussion also touches on the U.S. dollar’s structural downtrend, driven by high debt levels and interest payment burdens, and how this impacts emerging markets positively. Costa predicts that lower yields on short-term Treasuries will benefit miners and other sectors. He concludes by advocating for increased exposure to energy stocks due to geopolitical tensions and rising oil prices. Time Stamp References:0:00 - Introductions0:38 - Technical Bear Signals?5:54 - Monetizing U.S. Assets11:08 - Gold Re-Valuation Chart15:00 - Tariffs & Fed Policy20:08 - Dollar Struct Downtrend26:10 - Mining Stock Value31:30 - A Correction Coming?35:33 - GS Ratio Imbalances40:09 - Gaining Metal Exposure43:43 - Education & Sentiment47:00 - Mkt. Rotation & Wrap Up Guest Links:X: https://x.com/tavicostaX: https://x.com/crescat_capitalWebsite: https://crescat.net Otavio ("Tavi") Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the U.S. economic cycle through a combination of 16 factors. His research is regularly featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil, and fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.…

Palisades Gold Radio

1
David Kranzler: This is the Start of a Healthy Long-Term Gold Bull Cycle 1:11:48

5 weeks ago1:11:48

1:11:48

Tom welcomes back David Kranzler of Investment Research Dynamics to the show. Dave discusses his perspectives on various risks that he sees in the current economic and geopolitical landscape. He expresses concerns about the growing federal debt load in the US and the potential implications of the dollar losing its status as the world's reserve currency. Kranzler also touches upon the geopolitical tensions between major powers like China, Russia, and the US, which he believes could lead to significant consequences for the global financial system if cooler heads don't prevail. On a more positive note, Kranzler emphasizes the potential opportunities in the mining sector, specifically gold and silver miners, as these metals continue to perform well during this economic climate. He highlights several companies that he believes have strong potential for growth. He shares his thoughts on the recent M&A activity in the mining industry and the implications of a potential shift towards a gold-backed currency monetary standard. Throughout the interview, Kranzler offers insights into his investment strategies, discussing the importance of due diligence and staying informed about economic and geopolitical developments while trying to enjoy life despite uncertain times. Time Stamp References:0:00 - Introduction0:58 - Ignoring Current Risks4:32 - U.S. Debt & DOGE7:10 - Trump & China Clash9:50 - Trillion Defense Budget12:08 - Global Dollar Trends14:58 - China T-Bill Holdings17:17 - Trust & Gold Holdings19:13 - Counterparty Risk24:35 - C.B. Secrecy27:56 - Gold Price & GSR31:00 - China Industry & Silver35:43 - Bank Reports & Gold39:12 - Thoughts on Bessent43:53 - A U.S. CBDC Coming?47:28 - Gold & Producers57:14 - Mergers & Acquisitions1:02:15 - Gold/Miner Downside?1:08:04 - Concluding Thoughts Guest Links:Substack: https://miningstockjournal.substack.comTwitter: https://twitter.com/InvResDynamicsWebsite: https://investmentresearchdynamics.comNewsletter: https://investmentresearchdynamics.com/mining-stock-journal David Kranzler spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, he traded junk bonds for Bankers Trust. Dave earned a master's degree in business administration from the University of Chicago, concentrating on accounting and finance. He writes a blog to help people understand and analyze what is going on in our financial system and economy.…

Palisades Gold Radio

1
Peter Goodburn: The Rise and Fall of King Dollar 1:11:42

5 weeks ago1:11:42