Latest / The Big Mig Show / Global Finance Forum From Bullion To Borders We Cover It All |EP605

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Global Finance Forum From Bullion To Borders We Cover It All |EP605 · The Big Mig Show

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The. None.
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Welcome back to the big big show Global Finance Forum, the number
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one finance show on Rumble. That's right, powered by Genesis
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Coal Group. Of course, with your host George
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Valentin and myself, Lance Miliaccio, we're going to be
1:12
bringing you a go to source for cutting edge insights in the
1:15
world of finance. Genesis Gold Group believes in
1:17
empowering faith driven stewardship where gold and
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silver are an integral part of a balanced portfolio.
1:23
Protecting your finances with precious metals has never been
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more crucial. Join us as we explore the forces
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shaping global markets, the power of precious metal digital
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assets, and the dynamics influence economies across the
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globe. George, man, how are you?
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I'm good. Second show of the two.
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Baby round two, huh? Yep, second show of the day, you
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know, But they listen. Finance things are exploding all
1:46
over the place. Gee, I wonder why?
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We got trade deals. We got the big beautiful bills
1:53
signed. S&P and NASDAQ closed at an all
1:56
time high yesterday. We'll see what happens today at
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the end of the day. But you know what I don't know.
2:03
But you know what we don't got? We don't got lower interest
2:07
rates because Jerome Powell doesn't know what he's doing.
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Yeah, he's a Jag off. Yeah, he, you know, he's going
2:13
out of his way to try to hurt the economy.
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He can't have Trump looking good.
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I've said it all along, let's nationalize the Federal Reserve
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and kick his ass out of there. But it is what it is.
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Start up by thanking our sponsor, of course, Genesis Gold
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grab yourself a couple of bars. Break.
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Me off a piece of that prepper bong.
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There it is, there it is. You know he's got to do it.
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All right, so let's dig in. We got a lot to cover today.
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There's a lot going on, man. It's the markets are moving very
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quickly and Bitcoin is on a frigging tear Yeah.
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I mean, it hit an all time high already.
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A lot of people are saying it can run to 120,000.
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There's a lot of support. You know of course it reached
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170,000 four O 1 and that was an all time high for the second day
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in a row, causing a boom in the entire market.
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Of course this bullish momentum is building crypto analysis from
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the B to B in pay shared with cryptonews.com Of course, more
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ever all coins could be the biggest winners in this cycle.
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The oil all kinds are moving. We're going to be talking about
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that also. And after weeks of trading at
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about 1:06 and a little bit lower at different times,
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Bitcoin broke that 110. Then it broke that key level at
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1:12, and it confirms the market has broken out of its indecisive
5:07
phase. A lot of people have been
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talking about that for a while. I don't know, George.
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Do you think 120 is around the corner, man?
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I mean, listen, it hit a high all time high yesterday 1/17 and
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change 1:20 is right around the corner.
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Everything's going up even XRPI mean look, you know once
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Congress got that bill passed, you know sentiment people will
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give me a more positive. You know, they're saying they're
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looking at even the money from the tariffs coming in and if it
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stays where things are staying and then and our GDP grows, that
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2 trillion deficit they're saying over 10 years from that
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big beautiful bill is covered. It won't be no deficit.
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So listen. But The thing is, you only got
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Trump for four years, right? That's why you going to make the
5:56
right choice in these next elections.
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Well, the news is, is that a lot of people were wondering if the
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alt coins were going to follow and it's already proven so that
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they are, you know, Bitcoin's always really resilient.
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It's more resilient than the all coins are usually, you know,
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even a theory of an XRP and Solana and you know, it'll,
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it'll impact those macro shocks moving a little bit.
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But man, the all coins are usually more sensitive.
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But here it goes. Of course, anything that lowers
6:23
risk appetite, here it goes, man.
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The all coins are moving and I think we're going to see more of
6:28
this in the short term. So if you're not in the market,
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I recommend that you watch our show at 3:00 PM on Wednesday and
6:35
Fridays. That's the Crypto Power hour.
6:37
For everybody out there that doesn't know about crypto, it's
6:39
the go to show. It's the number one crypto show
6:41
on Rumble based on views. If you're looking for a place to
6:45
get an education, find out about current news and events, maybe
6:48
find out about projects it might be worthwhile getting involved
6:50
with, that's the show to do it with Crypto Power Hour.
6:53
It's on its own channel here on Rumble.
6:55
So you've got to actually hit it and you'll go find the channel.
6:57
It's called the Crypto Power Hour.
6:59
All right, So what do you think, George?
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I'm being pretty bullish on the all coins right now.
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Listen well XRP has been jumping up to what 240 I think 2:40 and
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change salon is up there it. Was in two 50s.
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Was it two 50s? OK, Yeah, two fifties, 256,
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seven. Even better.
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So what does that tell you? They're going to follow.
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Everything's going to follow suit.
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Most of like this, you know, the stronger, you know, backing
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coins, all coins like XRP Therium Solana, they're going to
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they're going to I think they're going to continue to rise right
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on the heels, you know but what's going to be the next
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breakout? What's the resistance level for
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XRPI think it's well, it seems like it's like 260 mark 270
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before it hits the three again. That's what it seems like, but
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we saw that suit that has to get finalized, that got finalized.
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I think XRP would be the biggest breakout.
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Could be on a tear for sure. I mean, you know, clearly the
8:02
the percentage wise it's doing really, really well.
8:06
But you know, I think this I think for anybody that is in the
8:08
markets when it comes to crypto, definitely important to start
8:12
dipping your toe in it. If you guys you should have
8:15
known we talked about in the crypto power.
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I think we even mentioned on the Global Finance forum a couple
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weeks, we were talking about that Circle blockbuster IPO, you
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know, and that's making stable coins go mainstream.
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And you know, the Circle came out June 5th.
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The the stock climbed more than 500% and they've issued over 61
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billion worth of its stable coins, the USDC Dash USD, and
8:43
that makes it the second largest in the 250 billion, $3 billion
8:48
stable coin market. Second largest stable coin out
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there. Big stuff.
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There's a chart there if you want to throw it up towards the
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Oh yeah, look what it's been doing.
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I can't believe it over the climbed over 500%.
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Wow. That 500%.
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That's an MPO. Man, people were cleaning up.
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It's amazing. I, I just, I'm like, I didn't
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know they went that much higher. I mean, all about the stable
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coins, right? Yeah, and here's the deal.
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Circle didn't wait. They've already gone into, you
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know, bringing out other stuff. I mean, there there was no slow
9:24
down in them going public in kind of a waiting phase.
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They just announced June 30th, they applied to establish a
9:29
National Trust bank charter. It's gonna be called First
9:33
National Digital Currency Bank. And if it gets approved, it
9:38
would be a big step toward integrating stable coins into
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traditional banking and financial markets.
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Now, you know, Ripple is their big plan is to replace the SWIFT
9:47
system and to be a big part of that transition.
9:51
But let's talk about, you know, I know this audience isn't quite
9:54
as familiar because you guys aren't the crypto guys.
9:56
Maybe let's talk about stable coins a little bit.
9:58
George, what are stable coins for the audience?
10:00
I'm so glad you asked. This is like education.
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This is my thing I love. It yeah, you like the education
10:05
George always does. Let me say this.
10:06
He does the education piece on the crypto power hour and we
10:09
cover everything. This week we're going to be
10:11
covering staking and you're going to be blown away by some
10:14
of the returns you can get it staking.
10:15
They're really unbelievable. But go ahead, George.
10:17
All right, so stable coins, what are they are a type of
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cryptocurrency where whose value aims to mirror that of another
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asset. So let me give you an example,
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right. So let's say I'm going to say
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Lance is buying a stable coin pegged Nah to the US dollar
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would expect the value of the stable coin to remain at a
10:36
dollar, right, which some referring to these coins as
10:39
digital dollars. This sets stable coins apart
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from other crypto currencies everybody which can change in
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value significantly. Stablecoins, they're, they're a
10:48
popular payment option. You're going to see that which
10:51
is a forefront and probably paying bills, going to your
10:58
machine, a local supermarket, whatever that's going to be the
11:01
go to, I think. But you know, it's popular
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payment. It's other than cryptocurrencies
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because it, it has stability. Their their price is so stable
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and it's easier and quicker online transactions than
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traditional funds. And that's a key right there.
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We have price stability, quicker transactions, that's what we
11:24
want. Some believe that these
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qualities could bring stable coins into broader use.
11:28
So over long term, we expect stable coins to evolve from
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money rail of crypto markets to money rail of the Internet.
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This is bursting analysts, he wrote when initiating coverage
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of a circle. We believe total industry stable
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coin supply will reach listen to this number guys, 4 trillion
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over the next decade, meaning it I don't want 4 trillion, Lance.
11:55
And that's a big, it's a big number.
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Yes, and then I. Wouldn't have guessed it would
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go that high because look like I guess today's stable coin
12:02
markets 253 billion. So now you're talking about four
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trillion. That is a massive, massive
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increase. You know, and I think don't
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forget now there, there are more than one kind of stable coin.
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There's two types of stable coins.
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There's collateralized, collateralized in what I would
12:20
call the algorithmic. And I think on collateralized
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coins, you know, they keep the prices stable with reserves.
12:27
So when you get these providers issuing stable coins pegged to
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the dollar, keep reserves at least a dollar or equivalent
12:34
holdings for each coin they issue.
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So they actually have to have those U.S. dollars on hand.
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And of course, with those reserves, the users expect to be
12:41
able to exchange their stable coins for dollars.
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They're looking for instant liquidity or other backing
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assets at any time. So if they want to take the
12:49
stable coin and cash it and do another currency, if they had to
12:52
use USD, they can do it right on the spot.
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And of course, stable coins can be backed by a Fiat currency.
12:58
Of course, we know the US dollar is a Fiat currency or
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commodities like gold, which you know, Solem Global, if you
13:04
haven't checked them out, Solem dot global.
13:07
They're doing some stuff with gold backed stable coins and
13:10
also below market gold that you can buy.
13:13
Pretty interesting. They've got a new proposition
13:15
coming out. It'll be released here in the
13:16
next week or so. That was a little teaser I just
13:18
gave you. So I think the majority of the
13:21
value right now in the stable coin market is held by U.S.
13:23
dollar or you know, cash equivalent backed stable coins.
13:28
But this, you know, circle CEO, I know that he's Co founder
13:31
Jeremy Allar. He believes that the US
13:35
shouldn't take that for granted. And I think he's right because I
13:39
don't think it's only going to be US backed stable coins.
13:41
I mean, I know the US dollar would love to see that, but
13:44
there's a there, this is a serious digital currency space
13:47
race is what he's contended. And then US needs to put laws in
13:50
place allow for digital dollars to thrive.
13:54
And he added to that on the question of whether a commodity
13:57
money like gold or digital commodity like Bitcoin could
14:00
play a larger role as a store of value or a reserve asset.
14:04
I'm open minded about that. I think that could grow over
14:06
time. Well, it is growing.
14:09
Lots of people are adding their strategic reserve with Bitcoin
14:11
kicking ass like it is. You can't blame them.
14:14
They're looking for the upside. You know, the people that got in
14:17
at 100 are already up, up nearly 20 grand per statement or
14:21
Bitcoin. People like Michael Saylor are
14:24
way up. You know, he's gone up just
14:25
crazy amounts of money, hundreds of millions of dollars in the
14:28
last couple of days. So you know, of course
14:31
stablecoins got their start, you know, roughly A decade ago when
14:35
the 1st and largest Fiat based Tether USDT, that's the the
14:40
stablecoin the tether does that's the USD dash USD and but
14:44
they came out in 2014. So they're probably the the O GS
14:48
in the game. So I think it remains the
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largest stablecoin by market capitalism with 159 billion in
14:55
circulation. So Tether is not to be trifled
14:59
with. They've got a Bigfoot in the
15:00
game, and people have already been using their coin for a long
15:03
time and they like it. So they're going to be a hard
15:06
one to knock over. All right, let's talk about all
15:09
this debt, George. We got a bunch of debt, U.S.
15:12
debt. They're talking about how it's
15:14
going to push gold prices higher even without any kind of fiscal
15:17
crisis. Yeah.
15:20
Well, the problem is we're not doing anything to lower debt, it
15:24
seems like. I mean, just the interest in
15:25
loan loan is astronomical. But gold prices, you know,
15:28
they're going to benefit from soaring US deficits and mounting
15:31
fiscal instability even if no near term crisis occurs.
15:36
But still it's going to, you know, gold's going to benefit.
15:39
This is now, this is coming from the analysts at the World Gold
15:43
Council. I didn't even know we had a
15:45
World Gold Council. WTC, right?
15:49
Gold member runs it. Gold member we got we got all
15:52
these world council things and I don't know I just don't like
15:54
anything where we have world council like W whatever who and.
16:00
WEF World Economic. Forum and who and all them you
16:04
know, but they're saying they're saying these uncertainties
16:07
they're they're triggered a global reallocation of capital
16:11
and they're saying but as a weaken the US dollar, but the
16:13
dollar, you know, is starting to bounce back.
16:16
Yeah, but isn't it all because of the big beautiful bill that
16:19
triggered this? I mean, all of a sudden the US
16:21
is staring down at what, 3.43 point?
16:24
5 trillion more in debt over the next decade?
16:27
And they've. Got no plan in place, 36
16:29
trillion and the US $5 trillion lift to the debt ceiling, which
16:34
they said they could lift it so they added to heal up another 5
16:37
trillion. I mean, that's what they keep
16:39
doing. They don't come up with a plan
16:40
to pay it off. They just keep leaving it,
16:41
lifting the debt ceiling well. So they say that with the big
16:46
beautiful bill, add 2 trillion. But however, you're not looking
16:50
at what it's how it's going to stimulate the economy, the
16:54
growth, the the money coming in from tariffs.
16:59
I think you might be low on the $2 trillion number.
17:01
No, but they're saying that's going to offset that and there's
17:05
not going to be a deficit. However, that's great and dandy,
17:08
but we still need either to cut the government, like break, you
17:14
know, cut it more and figure out ways to save more money or, or
17:18
fight the wherever the corruption is and the money
17:21
stealing because we need to pay, start paying that debt down.
17:25
I mean, it's, it's crazy. How about the 2.6 trillion they
17:30
owe Social Security? Yeah.
17:33
I mean, I think the other one, listen, I think, I think Trump
17:37
should just tell China we're not whatever debt we owe China,
17:41
whatever, we should just say, you know what, we're wiping it
17:43
off for the for COVID. Yeah, COVID and a lot of crap.
17:47
Yeah. You know, but I mean, I think
17:50
our biggest. I think it's a great idea.
17:52
I love it. Yeah.
17:53
Well, you know, this all kind of started with Liberation Day.
17:56
You know, Donald Trump's initial tariff announcement set off a
17:59
bunch of alarms and all kinds of unprecedented sell off in U.S.
18:03
Treasury. Everybody was in the panic and
18:06
of course, the market barely recovered from that turmoil.
18:08
Now it's pondering the potential impact of the BBB.
18:12
I don't think it's beautiful. That's my own opinion.
18:15
But you know, nonpartisan Congressional Budget Office
18:18
estimates it's going to add the 3.4 trillion and then that's
18:23
already we're at 36.2 trillion. So that's damn near 40 trillion
18:28
with AT dollars. So of course the investors are
18:32
watching to see what kind of impacts the spending bill having
18:34
on asset allocation strategies. I can't blame them.
18:37
Makes sense to do that. But you know, the rising
18:41
interest rates would normally be seen.
18:42
I think it's a significant headwind to gold prices.
18:44
That's usually what happens. But there's been kind of an
18:47
inverse thing that started in 2022 that again, you know, it's
18:52
been counterbalanced by other factors.
18:54
Normally you would see gold prices going down, but gold
18:58
prices have been generally rising even as you know, the the
19:01
rates rose currently above 2% over this time period.
19:07
I mean, it's kind of a big deal. And you look at the higher
19:09
opportunity cost counterbalance by other factors.
19:11
And we talked about it in the show.
19:13
We talked about you have to look at the big picture on gold
19:16
because you got to look at things like the central banks
19:18
that are buying up, you know, and accelerating their
19:20
purchasing of gold and you got to look at what bricks is doing
19:24
their acceleration of purchasing gold.
19:26
So of course MO got gold that gets bought, the less there is
19:29
the market scarcity increases prices.
19:32
So those are, you know, a lot of the emerging markets central
19:35
banks, you know, are, are all looking at do you know, buying
19:39
gold for diversification of course to kind of offset
19:43
geopolitical risk. And of course gold's performance
19:46
has been excellent. We talked about it.
19:49
I think when we started pitching gold on this show, we were 21,
19:52
maybe 19102 thousand an ounce and now we're what, 3400 and
19:57
change today? I think that's right, 3433,
20:01
George. What's the price of gold today?
20:04
It's like almost 34. Yeah.
20:09
Well, here's the thing. When you start looking at this
20:11
stuff and you start thinking to yourself, OK, where's it going
20:13
to go? I think gold's going to continue
20:15
to go up. My prediction, like Georgia
20:16
said, it's going to continue to go.
20:18
I think the the, and a lot of this, you have to look at the
20:20
big picture. Again, the difference between
20:22
the yield on AUS government bond and the fixed rate of an
20:25
interest rate swap has been pushed up.
20:27
And I think what that is, that's a potential sign of fiscal
20:29
concerns. So in other words, in simple
20:32
terms, I think, you know, we're witnessing investors inabilities
20:35
or maybe even unwillingness to absorb debt issuance or sales by
20:39
other bondholders at prevailing prices, you know, because so
20:43
that's exerting upward pressure on bond yields, pushing that
20:47
U.S. Treasury swap that spread
20:49
higher. And you know, if you look at
20:52
gold, we've got a chart here, gold rising alongside US fiscal
20:56
concerns. That chart, Media five kind of
20:59
just lays it out what's really going on in the market.
21:03
So when you know, I think this for a simplified point, you
21:07
know, the, the differential between U.S.
21:09
Treasury swap, you know on the swap which which we believe you
21:13
know of course is, I think that's partially linked to the
21:15
US fiscal concerns. I think it's statistically
21:18
significant. That explains the movement in
21:21
the gold price. Volatility, volatility,
21:25
volatility, but. No doubt.
21:26
Are you going to, is there still you think going to be volatility
21:29
now? I don't know.
21:30
I think it's going to it seems, it seems like it's going to
21:33
stabilize more. Well, here's the thing.
21:38
I think the US is in kind of a precarious fiscal position,
21:41
right? And we talked about it on our
21:42
regular show. I can't see that the gold market
21:45
isn't going to continue to be supported by that US fiscal
21:49
issues, You know, as the bond market is going to remain
21:51
sensitive to U.S. debt sustainability.
21:55
Everybody's worried about whether or not the US would
21:57
default on this debt because again, there's nothing in the
22:01
beautiful bill to really compensate and do something to
22:04
change that. Now that World Gold Council,
22:07
they say that's not, you know, they, they, they don't see a
22:09
full blown fiscal crisis in the US as an imminent threat to gold
22:13
or to actually the markets. I don't know if I agree with
22:17
them. The bigger the debt gets, the
22:19
harder it's going to be for us to maintain the interest.
22:23
So I, I don't know where this is all going to head.
22:25
My personal opinion, you know, hope for the best but expect the
22:30
worst maybe. You know, it seems like the
22:32
government, like the Congressional Budget Office,
22:36
they're never right anyway with their predictions.
22:39
They're off by so much. They're off in 2017 with Trump.
22:43
But The thing is, you always talk when Congress and any
22:48
president, they always talk about all that we got to balance
22:50
the budget, adding this much to the debt, to the our debt.
22:54
But they never talk about any plan to start paying off that
22:58
debt. You never see anything.
23:01
You don't hear nothing. It's like, you know they don't
23:07
care. It's not their money, right?
23:09
Yeah, well, I think they do. In essence, it is their money
23:11
because they're they're taxpayers too.
23:13
I should I shouldn't have said that, but.
23:15
No, I don't think they do. They spend it like it's not
23:18
their money. I don't know.
23:23
It's just and they and they fight to people like fight tooth
23:27
and nail for programs that are just wasting money and nothing's
23:32
getting done. It's like when's enough, enough?
23:34
When will it stop? I don't know.
23:41
I don't. Just all we can do is wait and
23:42
see. Wait and see.
23:44
Try to be patient, you know. Yeah, sorry, I'm just.
23:52
What are you doing? Somebody just Eric Rhodey, just
23:55
Eric Rhodey, just text me from a different number.
23:58
I didn't know who it was. And he's like, like.
24:01
Well, I think we got to take a short break, don't we?
24:03
Yeah, Yeah, it's time. We can if you want.
24:05
Or you want to show money, money, money in the Honey,
24:08
honey, what do you want? No.
24:09
Let's go ahead and take a short break and then we come back.
24:11
We'll cover a lot of it all. Right.
24:13
So don't go nowhere, but listen, hold on.
24:15
Before we go to break, wait a minute.
24:17
Don't forget to hit the like button, follow button, share
24:21
button. I'm going to get to that after
24:22
the break, but don't go nowhere. Join the chat if you can.
24:25
We'll be right back. I'm going to send Lance after
24:28
you notice you don't get the sling on right now.
24:30
You must be feeling better. Yeah, they told me I'd.
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The world's first 4 trillion. That's right, $4 trillion
30:14
company NVIDIA almost a giant roller.
30:18
I remember when companies George, which seemed like a
30:20
couple of billion dollar company was a big deal.
30:22
Then it went to 50 or 100 billion, but 4 trillion.
30:27
This is crazy. This is this is a big I got to
30:30
give it to them. You got to give it to NVIDIA.
30:31
They have been around for a while.
30:33
They've been doing it, man. They are bringing returns like
30:36
nobody's business. So for the people that own the
30:38
stock, I'm jealous. Great job having the foresight
30:42
to buy that stock in. Advance.
30:44
Yeah, I mean, it is unbelievable, but you know.
30:47
This happened on Wednesday too man.
30:50
It, it is, but I want to bring up something because there,
30:52
there was in a Seeking Alpha survey, there was from November
30:55
2024, WSB subscribers were polled on what would be the
30:59
first US company to reach for a trillion market cap.
31:02
And guess what? NVIDIA was chosen by a
31:04
landslide. Being out Microsoft, Apple, I
31:07
thought, you know, maybe Apple would have been there.
31:09
I don't know what is Apple up to now?
31:11
I don't. Know, but I don't think they're
31:12
in the realm of this. No, maybe.
31:15
I don't think so. Maybe close to two, maybe.
31:17
But yeah, but, you know, listen, that forecast has now been
31:22
realized. It's a they're hitting my zone.
31:24
Just, you know, during a break. I was telling Lance, I've just
31:26
seen that NVIDIA is also for making special AI chips for
31:31
China, which should be ready in September.
31:35
I mean, they're moving fast. For everybody out there that
31:36
didn't knew NVIDIA, I remember when they came out, it was in
31:39
the early 90s, they were just, they were really just for video
31:43
gamers. They had a high performance
31:44
graphic cards and if you had an NVIDIA graphics card, it was a
31:48
big deal. And you know, they they and they
31:51
really leveraged the way now their CEO, Jensen Wong, and
31:54
that's HUEANG for anybody out there that wants to look them
31:58
up, you know, but you know, they leveraged their way into the
32:02
mainstream computing, you know, and they and they came out with
32:04
gaming computers. You know, they, they allege that
32:07
they're the speeds for the gamers were that beat the market
32:11
and man, they have just they have just exploded since they're
32:15
they're now the king of the AI revolution.
32:17
Everybody that's anybody that's building an AI solution ChatGPT
32:22
grok, you know, anybody that's building powerful computing the
32:26
US government, guess what, NVIDIA is what they're using.
32:30
So these these they're they're powering these massive
32:33
infrastructure build outs. You know that that they need
32:37
that kind of high performing chips and I don't think the
32:40
demand's letting up because of course the big tech rivalry is
32:43
going on. Facebook's building their system
32:45
X is expanding their system Grok, you know, and all these
32:49
language models. Well, the Stargate project,
32:53
that's America's AI footprint, that's going to be a big one
32:55
also. And there that there's big money
32:57
going into that. And guess what?
32:59
NVIDIA is the process, but you know so NVIDIA.
33:02
'S stock. Really.
33:03
It took off when they when they in 2022 in November when they
33:07
had when they announced break out the release of ChatGPT,
33:10
that's when their stock really took off.
33:11
But I have a correction to make. Apple is worth 3.2 trillion.
33:16
Yeah. So I'm not too far behind, but.
33:21
You know, think about it like this.
33:23
He has a public company. NVIDIA is worth more than in
33:26
than the stock markets of entire countries like Canada, the UK,
33:31
France and Germany. Now I want to say this to you.
33:35
What's even more amazing is NVIDIA was a penny.
33:38
Stock. Less than 10 years ago.
33:42
So if you owned $1000 with NVIDIA back in 2015 as an
33:46
example, you'd now be sitting on $326,000.
33:54
Now there are a lot of people that a lot of people are saying
33:57
is it expensive? Is it too expensive?
34:00
Not really. Well, a lot of people are saying
34:02
no, George, the summary I have to say is the answer is no.
34:07
It's not too expensive. So maybe break a little bit of
34:10
this down for the audience because who knows, maybe there's
34:12
some people out there still thinking out there sitting on
34:13
the fence and buying NVIDIA and maybe this will push you over.
34:16
Of course, this is nothing on the show's financial advice.
34:19
Always talk to your own financial advisors.
34:21
We just try to educate you and maybe what what you're going to
34:24
learn about the show on NVIDIA. Maybe now you're going to want
34:26
to add NVIDIA stock to your portfolio.
34:28
It's not too late. If you can, I mean, listen,
34:31
Nvidia's their evaluation, it's justified by what dominant AI
34:35
infrastructure, explosive, really explosive earnings growth
34:39
and unmatched margins. This it's not about hyper bubble
34:44
dynamics. This is real people.
34:46
Their company delivers record-breaking revenue, profit
34:49
and free cash flow with expanding software like margins
34:52
and and the defensible ecosystem that's powered by CUDA and
34:56
proprietary networking. I mean, they're just moving and
34:59
they're building up what big plant here in the in the States
35:01
too now, right? Because of Trump, that's
35:03
correct. So imagine how much more they're
35:05
going to go up. I mean, what they're, they're
35:08
risk though. Every, every company's going to
35:10
have risk. By the way, anybody that says
35:12
they don't have risk is full of it.
35:14
But it's mainly geopolitical and competitive.
35:16
But who's their competitor? Who's even coming close?
35:20
I don't think they have one right now.
35:22
But their quality growth and and profitability are our pace
35:26
industry peers. And that's why they're they're
35:30
they're such a high premium valuation.
35:33
It's very high. So you can buy Lance just said
35:36
you can buy. You still can put it in your
35:38
portfolio. Buy NVIDIA stock.
35:41
You you can't go wrong. Does it seem too expensive for
35:44
you? I don't know, but we're going to
35:45
throw you some numbers right now and someone throw these numbers
35:48
up. Let me get the chart here.
35:50
Sure there's the chart, right. Every time they hit a new high,
35:56
someone, someone cries bubble right, They're going to cry.
36:00
But that these numbers come in and they've beaten all that BS
36:04
chatter, all the cry babies. It's it's.
36:08
Well, a lot of people said, George, it was too expensive at
36:10
500 billion, then it was too expensive at a trillion, then it
36:14
was too expensive at 2 trillion, now it's 4 trillion.
36:18
I'm not sure. Of course, the market, you know,
36:20
yeah, the market could be incredulous.
36:22
There's no doubt about it. You know how they like the down
36:25
talk. Anybody that's on a tear, but I
36:27
mean look at the look at the Q1 of you know of there generated
36:31
44 billion in revenue and 26 billion in cash in just three
36:36
months. So that 90% of that revenue
36:39
comes from data centers. But the good news, I think if
36:42
those margins are still expanding, and I think a lot of
36:45
that's got to do with the arrival of that new Blackwell
36:47
chip, which has given a super boom to all that proprietary
36:51
networking. I don't think it's, I don't
36:54
think it's a cheap stock, but I don't think it's expensive
36:57
because the PEO is falling, the EPS is steadily exploding, the
37:00
PEG is close to 1, The FCF yield is positive.
37:05
And I, you know, and I think in the midst of an investment cycle
37:07
like this, you have to think about and of course, now if you
37:10
start comparing what they would be their competitors like AMD
37:13
or, or Intel or Broadcom, right? I think that NVIDIA shows a
37:18
clear advantage in profitability, earnings,
37:20
quality, returns on capital. I think their whole thing about
37:24
the, you know, becoming the infrastructure for all the new
37:27
AI economy. And I think whoever's going to
37:29
control that infrastructure controls the cycle.
37:32
So this isn't a bubble. This is, I think they're in a
37:35
dominant position and and you know, of course then they're
37:38
monetized to the highest degree. So I don't know, I think a lot
37:43
of investors that are thinking it's already over performed.
37:47
I think they're wrong. Yeah, I mean, look, they're
37:50
saying, they're saying, look, it's $164 a share.
37:56
I just looked, it looked to make sure to confirm right now.
37:59
So it's really not, it's not that it's not it's not expensive
38:02
to buy compared to some other stocks.
38:05
But look, they're not just on what GP us anymore.
38:08
They're saying it's passport to the future.
38:10
And anybody that's in the forefront with the AI and then
38:13
and has the chips and stuff, let me tell you, they are the
38:16
passport to the future because it's surprising, you know, the
38:19
company's trying to come out with starting their chips even
38:23
compete. It's not.
38:24
Easy. I mean, at the end of the day,
38:25
it takes a lot of infrastructure.
38:26
Think about these guys have been in the chip game and the, you
38:29
know, the gaming game since 1990.
38:31
Three, all you need is couple smart guys to come up with a
38:34
different way of making a chip or somehow making it better, and
38:38
no or. Maybe.
38:39
And maybe somebody can RIP a new chip out of an alien spacecraft.
38:42
There you. Go.
38:43
You know what, I wonder? Do you ever wonder this?
38:45
You know, Elon Musk is a big gamer.
38:48
Do you ever wonder how powerful the gaming computer is on that?
38:52
He's probably using, He's probably loaded.
38:54
He's probably got a quad processor and video machine
38:57
knowing him, because of course, maybe Or maybe he's using Grok.
39:01
Maybe he's using the Grok system to play games?
39:03
I'm surprised he hasn't went, gone into this field and tried
39:06
to develop because you know, you look at his, his solar panels
39:10
and stuff, the way he makes them.
39:11
They're, they're unbelievable. They don't, they're not like
39:14
your traditional big ass solar panels.
39:16
They actually look like roof shingles.
39:18
Well, I'll tell you this, I, you know, as amazing as he is and
39:21
stuff, I think with the what, what I, this is my opinion, this
39:23
is an opinion, I could be wrong. I think the market is
39:27
underestimating the strength of, of the, the, the integrated
39:30
ecosystem that NVIDIA has built in, in the recent years.
39:34
And I think they just don't know because it's not just about
39:37
really powerful chips that are being used as an AI.
39:40
It's a complete platform that has now become, in my opinion,
39:43
the de facto standard for enterprise AI.
39:47
So, you know, at the core of that is CUDA and that's CUDA for
39:50
some of you guys that don't know.
39:52
And that's a proprietary programming language that, you
39:54
know, that basically makes every AIA model, AI model, you know,
39:58
natively NVIDIA. So it's, that's what actually
40:01
locks NVIDIA into being the processor behind it.
40:04
So that lock in effect is that no competitor can replicate it.
40:08
And it doesn't end there. So now you look at their, their,
40:11
their infrastructure into the AI enterprise.
40:14
You know every deployment now becomes a license.
40:17
Which adds recurring income. So that's software that actually
40:20
monetizes the hardware. And now you've got the new GB
40:25
300, which they call the Blackwell chip, and that's
40:28
superior performance. And man, it's got a higher ASP
40:32
than the previous generation. And also it's got a high focus
40:36
on AI acceleration. So I think what's happening in
40:39
the back end is even more interesting because you've got
40:41
proprietary networking with NV Link and Spectrum X and then
40:46
you've got, because of these fundamentals you got, according
40:48
to the company's, you know, official presentation, ARR is
40:51
already estimated to exceed 8 billion.
40:55
So software architecture, licensing, networking, these
41:00
aren't accessories. These are things you have to
41:02
have if you want to be able to be competitive and all that adds
41:06
to the bottom line. But I think I think that's why
41:08
you've got these gravity defying margins, George.
41:12
That's that's why we have it. But if you look at their, their
41:15
margins, what they, they reach 71% further improving it from
41:19
68% in the in the previous quarter, right?
41:24
I mean they're increased their software margins business.
41:26
I mean it's what their company's doing is just, it's
41:32
unbelievable. I mean, it's crazy.
41:33
But their quarterly report that leaves no room for doubt, right?
41:36
So let's talk about that. Nvidia's first quarter of FOI
41:39
26, they left no room for doubt or optimistic interpretations.
41:43
It was a statement of like operational strength.
41:47
They have pricing power, industry dominance.
41:50
And like I said, until somebody comes around and comes up with a
41:53
maybe a better, more dominant chip, they're just going to keep
41:56
being the dominating the industry of it.
42:00
It is what it is, right? Somebody's going to be.
42:02
There's always somebody who's going to come up with something
42:03
better though. In April 25, their quarter
42:06
ending, they generated listen to this line.
42:08
It's 44 billion in revenue. That's up 69% compared to the
42:12
previous year. Is that all?
42:15
But they're up 69% from the previous year.
42:19
What? That's big I.
42:20
Mean big. You know, you'd be, I'm still
42:24
surprised there's doubters out there because they have just,
42:27
you know, at this point too, they're putting all that, a lot
42:29
of that revenue into R&D, which is giving them even a bigger
42:32
advantage. You know, how do people play
42:34
catch up at this point with this company?
42:36
So we'll keep an eye out of it. I just don't think it's as
42:38
expensive as everyone thinks. A lot of people say, how much do
42:43
you think NVIDIA should really be worth?
42:46
You know, you know, we've run the numbers a little bit here
42:49
and there. A lot of people are saying that
42:51
168 to 175 per share is no big deal.
42:55
It's an easy peasy, you know, and if it hits some support
42:59
there, the question is, you know, how long before it's 200 a
43:02
share? They keep posting numbers like
43:04
this. I don't think that's far away.
43:06
Let. Me just compare something real
43:07
quick. So they're a $4 trillion
43:10
company, right? Apple is a 3.2 trillion, NVIDIA
43:14
share is 164. Apple right now is their shares
43:18
are 212. Yeah.
43:21
I mean it's like a no brainer people it.
43:24
Seems like it. All right, let's switch gears
43:27
here a little bit. Let's talk about, and we've done
43:30
this on the show. We told you this many times,
43:33
we're going to talk about silver.
43:35
You know, we always like to talk about bullion and we have been
43:37
talking about the impact of AI and EV trends and why they're
43:42
boosting this precious metal. And it's not gold.
43:45
We're talking about silver. So, you know, a lot of the
43:49
commodities focused investors that watch this show, they're
43:52
hoping to ride the trends of AI growth and of course, the EV
43:54
technology, like Samsung's new EV technology.
43:59
That's why people are very bullish on silver even right
44:01
now. I know silver's been kind of
44:03
wobbling around. It hasn't been making the big
44:05
moves. George, how many times have we
44:07
talked about the impact of, you know, EV technology on the price
44:11
of silver? More than that can count because
44:14
I know you specifically this is one of your strong points.
44:18
You're told you brought it up is Samsung's EV battery.
44:21
I was just going to ask you, have we got any updates on that?
44:24
No, but maybe the next show I'll grab some stuff.
44:26
I haven't really looked at what they're doing.
44:28
The last thing I saw is they were in talks with several big
44:31
car manufacturers. They were in the contract
44:33
stages. Did they get those agreements
44:34
done? I don't know, but you know, when
44:37
you start looking at these modern EV batteries, that's
44:39
definitely going to continue to rise.
44:40
EV sales aren't going away anytime soon.
44:43
I'm not a fan of EVs, but many people are.
44:45
So at the end of the day, you know, I, I can't think that that
44:48
the demand for silver is going to decrease.
44:52
And of course, you know, even in the green energy, you need a lot
44:56
of silver for those solar panels and other, the Transformers and
44:59
the rest. So, so we've seen silver trading
45:02
higher, but a lot of people are saying it's not, you know, to
45:05
me, it's not just an investment, it's a trade.
45:07
I think the action on silver, you know, you know, basically
45:11
you can buy it when it, you know, looks terrible and you can
45:13
sell it when it looks great. So you don't have to stay just
45:15
in it. You know, you can trade through
45:17
ETFs and other things if you want to.
45:20
But of course, I think that for me, I always think, is it too
45:23
late to buy silver? I think the answer is absolutely
45:26
no. I think you have to think about
45:27
this. You know, you don't want to
45:29
necessarily hold it through a major downturn because that's a
45:33
buying time, right? But at the end of the day, is
45:35
there going to be a major downturn?
45:38
Right now there haven't been any large, really large easy to mind
45:42
deposits discovered holding that and saying where the demand is
45:46
in on the industry and green energy and of course EV
45:49
technology. I can't see where silver is
45:52
going to continue to go up. George, what do you think?
45:54
I think it's going to continue to go up.
45:56
I mean, especially, I mean with the car batteries because like
46:00
if you look at the EV cars, I look at them, they're I like
46:02
them, they're nice, they're great cars.
46:03
What I don't like is if you go on a trip, let's say I'm in, I'm
46:09
in North Jersey, I want to drive to Florida, which I've driven
46:12
whatever 16 hours, you know, I stop for gas, I don't know, 5
46:17
minutes I'm there if that and I'm back on the road.
46:20
Not with the EV battery though. I don't.
46:23
I don't even know how long it takes to even get a full charge.
46:26
Yeah, and how many miles? On the vehicle.
46:28
Yeah, how many miles? On the charging station.
46:30
That is and that's, that's one of the issues at hand.
46:33
It's not like I, I mean take trips, but you know, it's
46:35
something you got to keep in in your mind.
46:38
Listen, I, I I agree with you 100%, but they.
46:40
Do make like you look at some of the cars, they do make them
46:44
stylish, I tell you. No doubts, one of the ones
46:46
coming out of China are unbelievable.
46:48
When I was in Florida, I was actually with Kirk and and the
46:51
boys and we're waiting for a table for the restaurant and
46:54
we're walking around and I never seen them.
46:56
And also there was this electric car dealership, Genesis.
46:59
They're a nice cause. Oh yeah, those are nice.
47:01
What and you got and even the the financing pricing is not bad
47:05
at all A really nice cause yeah damn and they're coming out with
47:11
they're like SUV nice. We told the guy said Nah, Kirk
47:15
needs an SUV. He's got all these kids.
47:17
Well, we're coming out with one too and they said, but they're
47:20
really nice. But that's, you know, that's the
47:21
thing. So if they come out with the
47:24
battery that's going to you get more mileage to it and or faster
47:29
charging. Yeah, with the silver, Samsung
47:32
just recently increases the distance and the charging time
47:35
is super fast. So just imagine what's going to
47:38
happen. I think a full charge is 10
47:39
minutes. Interesting, so the price of
47:43
silver will just go? Yeah, you need a kilo of silver
47:49
for the Samsung technology. ETV requires a kilo of silver.
47:53
So that's a big number. All right, let's talk about, you
47:56
know, the, of course, you know about the Wall Street, you know,
47:57
there was a big rally, you've seen it.
48:00
But the Asian stocks tagged right along, man.
48:03
They are, they are primed, primed and they are primed to
48:06
advance further. They're already advancing today.
48:09
Again, about this. A lot of people are bullish
48:11
about what's going to happen. Of course, the equity index
48:13
futures for Japan, Australia, and Hong Kong all gained.
48:17
They took cues from, of course, that three 0.3% rise from the
48:21
S&P 500. And of course, the US benchmark
48:24
is up 6.8% this year, having a bunch of erased losses spurred
48:29
by President Trump's reciprocal tariff announcement.
48:32
They're already making money with the tariffs.
48:34
There's more coming. He's in a fight with Brazil
48:37
right now. Looks like Lulu and him are
48:39
going at it. Not Couldn't be more well
48:42
deserved. I wish it was Bolson Arrow and
48:44
not Lulu. And there, of course, we'd
48:45
probably be down to the game and a tariff agreement's already
48:48
signed, but that's not how it goes.
48:50
Do you think actually Brazil's going to be able to last?
48:53
They want to do a tariff fight with us.
48:55
No. No way forgot about it.
48:57
They didn't go kick rocks. It's just he's showboating for
49:00
his people, like, you know, to show like he's got strength and
49:02
stuff. But, you know, even I think
49:04
Trump saying that tariffs are going to rise in Japan or
49:08
something right now, too. Yeah, they're going.
49:11
Well, there's a lot of upbeat forecasts.
49:13
You know, Delta had a great forecast.
49:15
Their stock took a jump. Tesla, they're going to expand
49:19
their robo taxi service. California and Arizona, NVIDIA,
49:24
we know we already talked about that and how great things are
49:26
for them. But I tell you, it looks like
49:30
Wang is going to be meeting with President Trump before his
49:33
planned trip to China. So that's interesting.
49:37
Now, I think what's really going on here is you're seeing this
49:38
resilience of the US consumer and in turn, U.S. companies.
49:42
That's definitely a big hero. And that's why I think the, you
49:45
know, the Asian markets, including some of the other
49:47
ones, not just Japan, but you're seeing great growth throughout
49:51
Hong Kong. Authorities intervened, you
49:53
know, for the fourth time in two weeks to prevent the city's
49:54
currency from weakening beyond its official trading ban.
49:58
China's having some issues. I don't know if they're going to
50:00
get full recovery. Of course, you know, there's
50:01
still trade issues going on there with the United States
50:05
that isn't all resolved yet. But, you know, look, policy
50:08
makers, borrowing costs, you know, they're steady.
50:11
They haven't gone down. I wish, I wish what would really
50:14
boost the markets if as if Powell, this shithead would go
50:17
ahead and lower interest rates. But I don't know if he's going
50:20
to do that. But he did get attacked today.
50:23
Trump's OMB director George, and you know him, you know who he
50:25
is, It's Russell Vaught. He grossly, he said that Powell
50:29
has gross mismanaged the Fed and of course White House pressure
50:34
is building because of it. Interesting.
50:39
I'm sorry, I was just taking care of some little glitch here.
50:42
No, no problem. But, you know, grossly
50:43
mismanaged the Fed is a big statement.
50:47
I've talked about how we need to nationalize it.
50:49
I don't want it to be a private institution controlling our
50:51
money. Yeah.
50:52
And Vaught, you got to remember he's the director of the United
50:54
States Office of Management and Budget, and his statement is as
50:58
follows. The president is extremely
50:59
troubled by your management of the Federal Reserve System.
51:02
Rd. Vaught, director of the Office
51:04
Management of Budget. Instead of attempting to write
51:07
the Fed's fiscal shift, you have plowed ahead with an an
51:11
ostentatious overhaul of your Washington, DC headquarters.
51:16
Well, he he his testimony pals what last month about the
51:19
renovations before Senate committee, right?
51:22
And Vaught said that he raised questions about the project's
51:25
compliance. I mean called cost overruns of
51:29
more than 700. Million, 700 million in cost
51:32
overruns. I you know, and again, I wonder,
51:34
is the US taxpayer paying for it?
51:36
Is the US taxpayer paying for that?
51:38
Rooftop Terrance gardens, VIP private dining rooms and
51:42
elevators, water features and marble.
51:44
Wow. Very.
51:44
Nice, they need this for. I don't know.
51:47
They need a rooftop garden, so they go up there and party, you
51:49
know, with all the money they're stealing from the United States
51:51
government and the American people.
51:54
I mean once again, 36 trillion debt and he wants rooftop
51:59
gardens and VIP private dining. And marble.
52:02
Yeah, I mean, listen, but Trump's no, no, no Angel either.
52:07
He he's also now sending wants to fast track these weapons to
52:12
Ukraine. Yeah.
52:14
We don't got money to do it bro. How about we pay off our debt?
52:18
Why? We got to keep helping
52:20
everybody. You know, you know what I think
52:23
focus on home, make America great again.
52:25
Let's do that. At the end of the day, it is
52:27
what it is, George. But I think Vaught is asking the
52:30
right questions. But of course, I'd like to, you
52:32
know, of course, they've had a banner year of the Fed ripping
52:35
off the country and have been for decades.
52:37
So, you know, my opinion is nationalize the feds, seize the
52:41
assets of all the banks and families that own it, and let's
52:44
get back to work. That way we control our money,
52:46
we control our own debt. We can get to do exactly what we
52:48
need to do. Of course, you know what that
52:50
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