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Gold Just Fired a Warning - Ed Siddell #6368 · Financial Survival Network

• 0:00
  Speaker 1: And as soon as it hit fives, in short order,
• 0:01
  Speaker 1: it's going to hit seventy five hundred, and then it's
• 0:03
  Speaker 1: going to hit ten. And we see that happening, We
• 0:06
  Speaker 1: really do. And again I don't know if it's within
• 0:09
  Speaker 1: twelve months or a couple of years. But the other
• 0:12
  Speaker 1: thing that I talked about there is a couple issues. Right,
• 0:14
  Speaker 1: So the economy, interest rates and then the devaluate the dollars.
• 0:18
  Speaker 1: It relates to the national debt. I mean, we're as
• 0:20
  Speaker 1: soon as we hit forty trillion, the dollar is going
• 0:24
  Speaker 1: to be more debased than ever before. You can't get
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  Speaker 1: out of that much debt. You either have to default
• 0:29
  Speaker 1: or you have to inflate. You're listening to Carrie.
• 0:32
  Speaker 2: Let'sa's Financial Survival Network where you get valuable information you
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  Speaker 2: just can't find anywhere else to thrive in today's trying times.
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  Speaker 2: You need the Financial Survival Network now more than ever.
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• 0:58
  Speaker 3: And welcome you are listening to and watching the Financial
• 1:02
  Speaker 3: Survival Network. I'm your host, Carrie Lutz. Our good friend
• 1:05
  Speaker 3: Ed sidel is with us now he's freezing up in
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  Speaker 3: the north from this bomb cyclone thing that they came up.
• 1:15
  Speaker 3: We used to just say, hey, it's really cold out
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  Speaker 3: or it's an arctic chill or whatever. But now it's
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  Speaker 3: a bomb cyclone.
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  Speaker 1: Well they yeah, well there's.
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  Speaker 3: A bomb cyclone taking place in the markets now too,
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  Speaker 3: isn't there.
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  Speaker 1: Yeah? Absolutely, Well, like we were talking about, excuse me,
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  Speaker 1: you know, when you take the dog for a walk
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  Speaker 1: and she doesn't want to go outside and it's minus
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  Speaker 1: eleven without the wind hill, it's just cold, you know,
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  Speaker 1: for us here at all, it's just cold.
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  Speaker 3: Yeah, yes, it's definitely cold. So the market's pretty cold
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  Speaker 3: now too. But gold and silver have heated up really.
• 1:56
  Speaker 1: Well, huh, it really has a p now it's pulled
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  Speaker 1: back obviously. I mean gold was up another two hundred
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  Speaker 1: dollars this morning, and silver was I think it was
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  Speaker 1: approaching I don't know if it actually hit it, but
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  Speaker 1: it was approaching you know, one hundred and twenty an ounce,
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  Speaker 1: and it's since pulled back. Now they're both down. I
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  Speaker 1: think gold is down almost one hundred dollars and silver
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  Speaker 1: is down five or six bucks. But you know, we're
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  Speaker 1: I think we're just seeing a lot of panic buying,
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  Speaker 1: not to say that it's not justified, but a lot
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  Speaker 1: of fomo. If you look at the volume just since
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  Speaker 1: yesterday this morning, it was a multiple of volume compared
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  Speaker 1: to what it was at the close yesterday, so less
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  Speaker 1: than twenty four hours. It's just so I think we'll,
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  Speaker 1: I think, be a little pulled back, but it's going
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  Speaker 1: to ramp right back up again. Yeah, that's what it's
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  Speaker 1: been doing.
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  Speaker 3: It'll go down for a day, sometimes a matter of hours,
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  Speaker 3: that'll turn red a little bit, and then boom, it's
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  Speaker 3: back and it's back bigger than ever. In fact, it's
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  Speaker 3: already starting to fade. I mean, at one point gold
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  Speaker 3: was down two hundred, silver was down five point fifty.
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  Speaker 1: Now they're fading. So what is the.
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  Speaker 3: Gold and silver prices telling us about about the economy,
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  Speaker 3: about the dollar, about inflation and all that good stuff?
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  Speaker 1: Ed you know when when we look at the So
• 3:27
  Speaker 1: let's talk about the economy first, all right, So I
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  Speaker 1: think there's three things that come into play here. Our
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  Speaker 1: economy is getting stronger. We're looking at the Atlanta Fed GDP,
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  Speaker 1: it's going to be over five percent. You know, if
• 3:41
  Speaker 1: we look at durable good orders, they're positive. So the
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  Speaker 1: economy is growing, but when you see excessive growth in
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  Speaker 1: such a short period of time, that's inflationary and wages
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  Speaker 1: can't keep up with that, and so the Federal Reserve
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  Speaker 1: they're not going to lower rates. I mean, honestly, they
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  Speaker 1: legitimately they can't. If if you look at mortgage rates,
• 4:01
  Speaker 1: the bond market is already telling us that we're really
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  Speaker 1: in an inflationary cycle. So that's number one. Number two
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  Speaker 1: because of the debt, the interest rates, and a lot
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  Speaker 1: of uncertainty, you're seeing central banks all around the world
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  Speaker 1: rebuilding their stockpiles and gold and they're replacing US treasuries
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  Speaker 1: with golden so that's increasing the gold prices silver. You know,
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  Speaker 1: if you look at the ratio of gold is silver, historically,
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  Speaker 1: you know, since the beginning of time, it was ten
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  Speaker 1: to one, so ten ounces of silver equaled one ounce
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  Speaker 1: of gold, and really since the early nineteen hundreds, the
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  Speaker 1: average has been about thirteen to one here in the US.
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  Speaker 1: But if we go back to a year ago, it
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  Speaker 1: was ninety two to one, so it was ninety two
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  Speaker 1: ounces of silver at equal one ounce of gold. Now
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  Speaker 1: it's coming back a little bit more into reality, but
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  Speaker 1: still we believe that silver is still way undervalue. You
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  Speaker 1: go back to what it was last year. Really silver
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  Speaker 1: should be five hundred and fifty dollars an ounce. You know,
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  Speaker 1: we see it hitting over two hundred, and we've been
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  Speaker 1: calling for that since you know, last year, this time
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  Speaker 1: last year, and it's for a whole host of reasons.
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  Speaker 1: Number one, we think it's the value has been held
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  Speaker 1: down artificially. But now we're seeing you know, industrial uses,
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  Speaker 1: you know AI as well as you know these these
• 5:31
  Speaker 1: data centers and chips and everything else. So it's pushing
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  Speaker 1: the value up as we go through. And I would
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  Speaker 1: not be surprised if in twelve to eighteen months we
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  Speaker 1: don't see it over two hundred dollars an ounce.
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  Speaker 3: Yeah, I wouldn't be surprised either. Been calling for this
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  Speaker 3: for a while, and there's no surprises here, is there?
• 5:55
  Speaker 1: No no? And you know we we were saying too
• 5:57
  Speaker 1: that gold is going to hit five, and it's as
• 6:00
  Speaker 1: soon as it hit fives, in short order, it's going
• 6:01
  Speaker 1: to hit seventy five hundred, and then it's going to
• 6:03
  Speaker 1: hit ten. And we see that happening, we really do.
• 6:07
  Speaker 1: And again, I don't know if it's within twelve months
• 6:09
  Speaker 1: or a couple of years. But the other thing that
• 6:12
  Speaker 1: I talked about there was a couple issues. Right, So
• 6:14
  Speaker 1: the economy, interest rates and then the devaluate the dollars.
• 6:17
  Speaker 1: It relates to the national debt. I mean, we're as
• 6:20
  Speaker 1: soon as we hit forty tryon, the dollar is going
• 6:23
  Speaker 1: to be more debased than ever before. You can't get
• 6:26
  Speaker 1: out of that much debt. You either have to default
• 6:29
  Speaker 1: or you have to inflate. Those are the only two
• 6:31
  Speaker 1: ways out of it. And then I think gold is
• 6:34
  Speaker 1: just going to skyrocket at that point in time.
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  Speaker 3: Yeah, yeah, there is no way. I mean, the debt
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  Speaker 3: is unsustainable. We've been in this situation for a while.
• 6:44
  Speaker 3: They've been kicking the can down the road. It doesn't
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  Speaker 3: matter who's in office, they all do exactly the same thing.
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  Speaker 1: And now the bill's coming due, isn't it. The chickens
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  Speaker 1: are coming home to roost, you know. In it people
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  Speaker 1: are shocked, you know, and I don't know if they're
• 7:02
  Speaker 1: acting or if they really believe that they're shocked that.
• 7:06
  Speaker 1: You know, people are upset and central banks are ditching
• 7:09
  Speaker 1: you know, US treasuries for gold. But when you listen
• 7:12
  Speaker 1: to the pundits and you listen to d C. They're
• 7:16
  Speaker 1: either ignoring it or completely discounting it. And and that's
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  Speaker 1: scary in and of itself.
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  Speaker 3: Yeah, so what do you make of all the war
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  Speaker 3: clouds on the horizon here, the Venezuela's situation, the Cubas situation, Iran.
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  Speaker 3: It's all like coming to a head, isn't it?
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  Speaker 1: It is and it is unnerving. But I'm trying to
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  Speaker 1: think of it along the lines of the tariff situation.
• 7:47
  Speaker 1: You know, tactics versus taxes, right, so they it was
• 7:51
  Speaker 1: a tactic the art of the deal, and you have
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  Speaker 1: to be willing to go through with what you're talking about.
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  Speaker 1: In uh, the Venezuela situation, I think that put everyone
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  Speaker 1: on notice that, hey, you know, we are willing to
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  Speaker 1: do this. But that in and of itself is also unnerving.
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  Speaker 1: You know, So if you are willing to do that,
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  Speaker 1: what is that going to look like going forward? I
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  Speaker 1: think we had to do it. We couldn't have Russian
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  Speaker 1: and China in our backyard. They were already had a
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  Speaker 1: strong foothold. I think we're going to see more things
• 8:23
  Speaker 1: as it relates to the Panama Canal zone and Cuba. Again,
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  Speaker 1: that's uh, sure, We're that is literally in our backyard,
• 8:34
  Speaker 1: so I think we're gonna see more geopolitical uncertainty there Greenland.
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  Speaker 1: I'm still anxious to see with the deal that's cut
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  Speaker 1: and the impact that that's going to have and what
• 8:44
  Speaker 1: that's going to cost you and me and everyone else.
• 8:47
  Speaker 1: But I think that that's a necessary evil as well.
• 8:51
  Speaker 1: I do believe that NATO is well, I'm trying to
• 8:56
  Speaker 1: think of a nice term, but I think it's feckless.
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  Speaker 1: I think it really is nothing other than a cost
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  Speaker 1: center for US. I mean, we're paying all the money
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  Speaker 1: and we're really getting no benefit. I think it is
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  Speaker 1: it's a worthless entity now and going forward. I do
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  Speaker 1: believe that we do need Greenland, not just for national security,
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  Speaker 1: but also for the resources. I'm just glad we're bringing
• 9:21
  Speaker 1: everything back on shore from prescription meds manufacturing. We have to.
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  Speaker 1: We can't believe in this global society anymore because look
• 9:30
  Speaker 1: at the situation that it put us in. You know what,
• 9:34
  Speaker 1: you have to depend on our competitors or our enemies enemies. Yes,
• 9:41
  Speaker 1: I was trying to think of a better word, but yeah,
• 9:43
  Speaker 1: our enemies for our medications, our steel are the things
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  Speaker 1: we need to fight the war that didn't make any sense.
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  Speaker 1: So I'm glad we're bringing that manufacturing back on shore.
• 9:54
  Speaker 1: But it's not going to be an overnight fix. It's
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  Speaker 1: going to take years. Well it took years to do it.
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  Speaker 3: But the AI revolution seems to really be having an impact,
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  Speaker 3: doesn't it.
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  Speaker 1: It does? It does, And you look look at ups,
• 10:09
  Speaker 1: you know, everyone's saying, well, you know, all these jobs
• 10:11
  Speaker 1: are being replaced by AI. You know, if you look
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  Speaker 1: at the thirty thousand jobs that they're getting rid of,
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  Speaker 1: you know, I think possibly that's part of it. But
• 10:21
  Speaker 1: I also think that they way over hired during COVID, remember,
• 10:25
  Speaker 1: you know, couldn't get anything they needed, all the drivers,
• 10:27
  Speaker 1: everyone was working over time, So I think they're kind
• 10:30
  Speaker 1: of cleaning house. I'm looking at it as a good
• 10:33
  Speaker 1: thing as an investor long term for the health of
• 10:36
  Speaker 1: the company. And they're they're leveraging AI to be more
• 10:40
  Speaker 1: productive so that you know, the you know, the shareholders
• 10:44
  Speaker 1: reaped the benefits and the rewards of being a more efficient,
• 10:47
  Speaker 1: profitable company.
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  Speaker 3: Hey, Amazon today just announced the sixteen thousand office workers going.
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  Speaker 3: And notice they're not getting rid of the the drivers
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  Speaker 3: and the warehouse people.
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  Speaker 1: Yeah, absolutely, because they're needed the office people. That's that's
• 11:08
  Speaker 1: a you know, when when you're paying six figures and
• 11:13
  Speaker 1: a lot of that you can use leverage and technology
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  Speaker 1: and AI to replace those office workers.
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  Speaker 3: That just makes sense, totally, totally, and we're seeing it
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  Speaker 3: here right. I mean, it's happening now as we speak. So,
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  Speaker 3: so what do you think is the upshot for for
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  Speaker 3: twenty twenty six?
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  Speaker 1: Her head? I think from an economic standpoint, from a
• 11:38
  Speaker 1: market standpoint, it's going to be positive. I think we're
• 11:41
  Speaker 1: going to see a lot of volatility. My fear is
• 11:45
  Speaker 1: my concern is right before the midterms, so we're going
• 11:47
  Speaker 1: to see a correction, and you know, typically what we
• 11:51
  Speaker 1: see is the the party that's in power, they loses power.
• 11:55
  Speaker 1: They lose power at the midterm. We've got to do
• 11:57
  Speaker 1: a better job messaging as far as you know what's
• 12:00
  Speaker 1: happening the good. Otherwise it's going to be a lame
• 12:04
  Speaker 1: duck presidency for the last two terms and nothing will
• 12:07
  Speaker 1: get happen. If we see an impeachment, which I think
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  Speaker 1: probably could happen, that is going to have negative effects
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  Speaker 1: on the economy going forward. So I am thinking positive
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  Speaker 1: for the rest of this year, possibly even double digit
• 12:21
  Speaker 1: growth again for the markets, but that's as forward looking
• 12:25
  Speaker 1: as we're seeing right now until after the midterms.
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  Speaker 3: All right, Ed, Well that's interesting here. Just tell us
• 12:33
  Speaker 3: where do we find you? How do we connect with
• 12:35
  Speaker 3: you on the web.
• 12:37
  Speaker 1: Yeah, we are at e G. Sifinancial dot com in
• 12:41
  Speaker 1: our podcast The Retirement Trainer. You can find us on Spotify, Apple,
• 12:47
  Speaker 1: all the big names so you can, and our YouTube
• 12:50
  Speaker 1: channel as well, ETSI Financial.
• 12:52
  Speaker 3: All right, excellent, appreciate you coming on. Any questions comments
• 12:56
  Speaker 3: for Ed myself, shoot me an email kl.
• 12:59
  Speaker 1: At Carrie let Gold and Silver.
• 13:02
  Speaker 3: It'll be interesting to see how high they can go
• 13:06
  Speaker 3: right now, it's obvious there's a concerted effort to drive
• 13:10
  Speaker 3: them back into saner territories. We'll see how that works out,
• 13:15
  Speaker 3: and we'll see how the market responds as well. The
• 13:19
  Speaker 3: market is liked inflation so much for the past ten
• 13:25
  Speaker 3: twenty years, unlike the seventies. So as long as you
• 13:29
  Speaker 3: have economic growth and you have inflation, I guess the
• 13:32
  Speaker 3: market will figure out a way to deal with it,
• 13:34
  Speaker 3: right print more money. All right, on that note, take care,
• 13:38
  Speaker 3: We'll talk to you soon.
• 13:40
  Speaker 2: All right, Thanks Gerry, thanks for listening to carry Letz's
• 13:43
  Speaker 2: Financial Survival Network. Your solution to today's trying times. For
• 13:48
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  Speaker 2: Network
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  Speaker 1: Now more than ever