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Why Gold Is Set to Soar: Market Forecast - Alan Hibbard #6152 · Financial Survival Network

• 0:00
  Speaker 1: But yeah, I mean, I'm expecting gold to perform very
• 0:03
  Speaker 1: well for the next few years. You know, we're on
• 0:06
  Speaker 1: pace to I did the calculation a few days ago,
• 0:09
  Speaker 1: but I over thirty percent. Get over a thirty percent
• 0:11
  Speaker 1: return this year, and gold might be thirty five percent,
• 0:14
  Speaker 1: which is basically going to be its best annual return
• 0:17
  Speaker 1: since nineteen seventy nine.
• 0:19
  Speaker 2: You were listening to Carrie Letz's Financial Survival Network where
• 0:22
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• 0:26
  Speaker 2: to thrive in today's trying times. You need the Financial
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  Speaker 2: dot com and get your free newsletter and gift. Financial
• 0:39
  Speaker 2: Survival Network now more than.
• 0:42
  Speaker 3: Ever, And welcome you are listening to and watching the
• 0:49
  Speaker 3: Financial Survival Network. I'm your host, Carrie Letz. Another day,
• 0:53
  Speaker 3: another record for Gold. So why not go over to
• 0:56
  Speaker 3: Alan Hibbertgoldsilver dot com. Allen, great to have you back
• 1:00
  Speaker 3: on the shows. So when does the fun? Is the
• 1:04
  Speaker 3: fun going to get pick up even more?
• 1:06
  Speaker 4: We're going to see.
• 1:07
  Speaker 3: Higher highs or are we going to get to a
• 1:09
  Speaker 3: point where we're going to have a pullback?
• 1:11
  Speaker 1: And if so, when you think that's going to be Yeah, hey, Kerry, well,
• 1:14
  Speaker 1: thanks for having me. Yeah, we are having fun already.
• 1:18
  Speaker 1: I think there's more fun in store, certainly for anyone
• 1:21
  Speaker 1: holding gold and silver. You know another question, that's that's
• 1:25
  Speaker 1: probably going to pick up soon. It's very hard to
• 1:28
  Speaker 1: put a timeline on that, but yeah, I mean, I'm
• 1:30
  Speaker 1: expecting gold to perform very well for the next few years.
• 1:34
  Speaker 1: You know, we're on pace to I did the calculation
• 1:37
  Speaker 1: a few days ago, but I over thirty percent, get
• 1:40
  Speaker 1: over a thirty percent return this year, and gold might
• 1:42
  Speaker 1: be thirty five percent, which is basically going to be
• 1:45
  Speaker 1: its best annual return since nineteen seventy nine, and in
• 1:48
  Speaker 1: that year it more than doubled. It had over a
• 1:50
  Speaker 1: one hundred percent return in nineteen seventy nine. So gold
• 1:53
  Speaker 1: is performing very well and it doesn't look like we're
• 1:56
  Speaker 1: at the end of the bold market yet. And of course,
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  Speaker 1: this is all coming from tremendous global uncertainty. Like you
• 2:02
  Speaker 1: can name just about any country on the planet and
• 2:05
  Speaker 1: it has some form of crisis or more than one.
• 2:08
  Speaker 5: So I think it's going to continue.
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  Speaker 1: Very hard to put a price on the stopping point,
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  Speaker 1: or a date for that matter, but I think we've
• 2:15
  Speaker 1: got a few more years and a lot, a lot
• 2:17
  Speaker 1: of percentages to go.
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  Speaker 3: All right, So let's talk about silver. The party is
• 2:24
  Speaker 3: just getting started for silver. We broke thirty two bucks.
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  Speaker 3: Thirty five seems to be the psychological number that we've
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  Speaker 3: got to hit, and we got to stay above it
• 2:34
  Speaker 3: monthly close over thirty looks like it's baked into the
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  Speaker 3: cake for September.
• 2:41
  Speaker 1: When is the party getting started for silver? Yeah, that's
• 2:44
  Speaker 1: everybody's question. People haven't want to drink that for years. Unfortunately,
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  Speaker 1: it's been it's been a tough stretch for silver holders.
• 2:51
  Speaker 1: And remember, I'm sure anyone holding silver knows this, but
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  Speaker 1: you know, the all time high for silver is you know,
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  Speaker 1: around fifty dollars, which has happened twice, you know, in
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  Speaker 1: nineteen eighty and then again in twenty eleven. So, I mean,
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  Speaker 1: there's this tremendous energy built up in silver that this
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  Speaker 1: forty four year cup and handle pattern, and investors have
• 3:10
  Speaker 1: been waiting like when am I going to see you know,
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  Speaker 1: nominal gains for that matter, for anyone who bought at
• 3:15
  Speaker 1: the top, but certainly the inflation adjusted real gains. I mean,
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  Speaker 1: there's just been so much pressure built up in the
• 3:21
  Speaker 1: silver market, and I think it's coming very soon. For
• 3:25
  Speaker 1: the last three and a half almost four years now,
• 3:28
  Speaker 1: we've had a structural deficit in the silver market. So
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  Speaker 1: the demand for silver for industrial uses and monetary uses
• 3:36
  Speaker 1: has exceeded the available supply, So we're consuming more of
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  Speaker 1: the silver than we're digging up out of the ground. So,
• 3:43
  Speaker 1: since it's obviously a physical metal, you know, eventually you
• 3:47
  Speaker 1: run out of it, and as you get closer to
• 3:49
  Speaker 1: running out of it, supply demand forces takeover and you've
• 3:53
  Speaker 1: got to pay more for the silver that's left.
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  Speaker 5: So we're seeing that happening now.
• 3:58
  Speaker 1: It is playing out, and of course the percentage games
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  Speaker 1: on silver are pretty impressive this year, around the same
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  Speaker 1: as gold actually so, so it is already taking off
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  Speaker 1: a little bit. It's just so far suppressed from its
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  Speaker 1: all time highs that not many people are paying attention
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  Speaker 1: to it. But when it takes off like a rocket,
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  Speaker 1: people will, and that's coming soon. So what's what's your
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  Speaker 1: target number for silver? I try not to do target numbers,
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  Speaker 1: but they also have to be they also have to
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  Speaker 1: be accompanied by a timeline, right, otherwise they're kind of meaningless.
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  Speaker 1: So I mean, I could say, you know, silver's going
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  Speaker 1: to one hundred bucks, but the question is when. And
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  Speaker 1: you know, I do think it will hit one hundred
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  Speaker 1: dollars eventually, but you know, in order to triple from
• 4:35
  Speaker 1: where we're at, boy, how long does that take?
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  Speaker 5: A few years?
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  Speaker 3: Eric Sproat says three hundred dollars silver, and I learned
• 4:44
  Speaker 3: never bet against Eric Sprott potentially the next Elon Musk.
• 4:48
  Speaker 3: But in terms of total financial wealth, when all of
• 4:52
  Speaker 3: these bets that he's made over the past several decades
• 4:56
  Speaker 3: start to pay.
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  Speaker 4: Off, which I believe they will.
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  Speaker 3: But you know, they always say, if you want to
• 5:01
  Speaker 3: be a successful forecaster, you could predict what's going to happen,
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  Speaker 3: or you could predict when it's going to happen, but
• 5:09
  Speaker 3: never do both of them together because then you're going
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  Speaker 3: to be wrong.
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  Speaker 1: Right it wall exactly, Yeah's exactly it. And keep in
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  Speaker 1: mind that when we forecast these prices, I mean, we're
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  Speaker 1: making forecasts just as much about silver or gold as
• 5:22
  Speaker 1: we are about the dollar itself. So it's it's just
• 5:26
  Speaker 1: it's as much a question as you know, how many
• 5:28
  Speaker 1: dollars are they going to print? Are there are those
• 5:30
  Speaker 1: dollars going to flood back into the financial markets or
• 5:32
  Speaker 1: are they going to sit on balance sheets? So yeah,
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  Speaker 1: I mean it's it's it's a multifaceted question. And you know,
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  Speaker 1: if you're going to ask like should I own dollars
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  Speaker 1: or you treasuries or silver or gold? I mean I would,
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  Speaker 1: you know, as I do. I own gold and silver
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  Speaker 1: and not so much of the other stuff. So that's
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  Speaker 1: sort of an easier decision.
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  Speaker 3: And that's just wait, wait, wait, waiting, you know, like
• 5:58
  Speaker 3: the song goes Tom pet The waiting is the hardest part, right,
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  Speaker 3: that's right? And how long do you wait? And when
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  Speaker 3: do you sell? Because all markets, I don't care what
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  Speaker 3: they are, eventually they go right. When they go parabolic,
• 6:15
  Speaker 3: then eventually they're going to go down, right, yeah, exactly.
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  Speaker 1: So what's nice about gold in particular is it forms
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  Speaker 1: this really nice rounded bottom and that it goes up
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  Speaker 1: like a rocket. And that's sort of the pattern that repeats,
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  Speaker 1: and those those rounded bottoms can take, you know, twenty
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  Speaker 1: years of playout like it did from nineteen eighty to
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  Speaker 1: two thousand, but there is that sort of like nice
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  Speaker 1: predictable pattern to it. And when it does take up
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  Speaker 1: like a rocket, okay, that's the time you sell. I
• 6:39
  Speaker 1: don't think we're quite there yet. I think we have
• 6:41
  Speaker 1: a few more years. But the question is, you know,
• 6:44
  Speaker 1: when you sell, where do you put your capital?
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  Speaker 5: It's got to go somewhere.
• 6:47
  Speaker 1: And so to answer that question, I like to look
• 6:50
  Speaker 1: at the Dow goold ratio or similar ratios like that,
• 6:53
  Speaker 1: and when the dowgold ratio is really high, that means
• 6:56
  Speaker 1: the Dow has overperformed. So that's the time to sort
• 6:59
  Speaker 1: of get out of a Dow or get out of
• 7:01
  Speaker 1: stocks in general, and get into gold. And then when
• 7:03
  Speaker 1: that ratiow comes back down, that's gold outperforming the Dow
• 7:07
  Speaker 1: or outperforming stocks in general. And when that ratio sort
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  Speaker 1: of bottoms or gets close, that's when you sell your
• 7:15
  Speaker 1: gold and get back into stocks. So that's sort of
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  Speaker 1: the move I'm going to make. It takes, you know,
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  Speaker 1: a decade or more for the ratio to move a
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  Speaker 1: single direction, and then a decade or more for it
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  Speaker 1: to move back, so you might be able to play
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  Speaker 1: it two or three times throughout your investing career. So
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  Speaker 1: that's my plan at least right now. Maybe something will change,
• 7:35
  Speaker 1: but you know, that's when I sell, is when that
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  Speaker 1: ratio gets out of whack. And then sort of convert
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  Speaker 1: my capital from one to the other.
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  Speaker 3: Okay, I'll buy it, I'll buy it, all right. I
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  Speaker 3: remember guest on the show Beiederman. I can't remember his
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  Speaker 3: first name, might have been Charles Biederman, and he said
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  Speaker 3: that at the time, right now, silver is the worst
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  Speaker 3: investment in the world, but one day you're going to
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  Speaker 3: wait up and silver will be the best investment in
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  Speaker 3: the world. What do you think about that statement?
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  Speaker 1: Yeah, I mean that's definitely how silver moves. It's extremely volatile.
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  Speaker 1: So if you held if you held silver in the
• 8:12
  Speaker 1: nineteen seventies, that was the best performing asset, better than gold,
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  Speaker 1: no question, and golded twenty five acts. So silver was
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  Speaker 1: something like forty x. I think it moved from a
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  Speaker 1: dollar twenty nine to over fifty dollars, like fifty two fifty,
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  Speaker 1: so whatever that is. So it was the clear winner
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  Speaker 1: for ten years. But then if you held it for
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  Speaker 1: the next forty four years, you're still down. You're still
• 8:32
  Speaker 1: down for forty four years, so you'd be kicking yourself.
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  Speaker 1: And you know, I'd love to meet the people who
• 8:37
  Speaker 1: have been holding for forty four years. What is their mindset?
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  Speaker 1: You know, how do they still love it? Or are
• 8:43
  Speaker 1: they just you know, psychologically destroyed.
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  Speaker 3: I think those people who've been holding for forty four
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  Speaker 3: years probably they got buried with their silver exeterally.
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  Speaker 1: Yeah, yeah, exactly, it's possible. So I think that statement
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  Speaker 1: is pretty good. I mean, and it does sort of
• 9:01
  Speaker 1: capture the essence of silver that it has these absolute
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  Speaker 1: moonshot periods and then you just want to get out
• 9:07
  Speaker 1: and stay away from it. So I do expect something
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  Speaker 1: like that to happen soon. It's looking like a coiled
• 9:13
  Speaker 1: spring right now. It's building a forty four year cup
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  Speaker 1: in handle. I think it's going to take off like
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  Speaker 1: a rocket and then I'm going to sell and who knows,
• 9:20
  Speaker 1: maybe never buy silver again the rest of my life
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  Speaker 1: after that, and we'll go.
• 9:23
  Speaker 3: You'd be able to live off of your silver earnings, right,
• 9:27
  Speaker 3: that's right?
• 9:27
  Speaker 4: Hopefully? Yes? All right? So what about platinum.
• 9:33
  Speaker 3: I don't know how much you follow platinum, but if
• 9:35
  Speaker 3: you're like me, you follow it at least a little bit.
• 9:37
  Speaker 3: You got any thoughts about it? It is technically a
• 9:41
  Speaker 3: precious metal. In fact, they call it one of the
• 9:45
  Speaker 3: noble metals, like along with palladium, et cetera. So what's
• 9:49
  Speaker 3: your thoughts?
• 9:51
  Speaker 1: Yeah, I don't follow it too much. I definitely stick
• 9:54
  Speaker 1: to golden silver more so than anything else. So I
• 9:57
  Speaker 1: don't know if I could really offer up a great.
• 9:59
  Speaker 5: Comment on on that.
• 10:00
  Speaker 1: So yeah, maybe maybe I should just not say anything
• 10:04
  Speaker 1: so as not to steer anyone in the wrong direction.
• 10:06
  Speaker 3: Yeah, all right, Well, hey, I should just elucidate of
• 10:10
  Speaker 3: the noble metals. There's a bunch you never heard of,
• 10:13
  Speaker 3: like resthenium, roodium, we all know rhodium in that one.
• 10:17
  Speaker 4: Was like really high up there and then it crashed.
• 10:20
  Speaker 3: Silver is technically a noble metal, Palladium is platinum. They
• 10:25
  Speaker 3: even called gold a noble metal, but it's not really.
• 10:29
  Speaker 3: These are like noble white metals, as memium, as meium.
• 10:35
  Speaker 3: I don't even know what that is, aridium. I mean,
• 10:37
  Speaker 3: it's like crazy stuff here, but something to keep track of.
• 10:41
  Speaker 3: I just I'm going to buy one ounce of platinum
• 10:44
  Speaker 3: for the hell of it. But otherwise you're looking at
• 10:48
  Speaker 3: anything else to copper, nickel.
• 10:53
  Speaker 4: I know you're into precious metals, but I'm just curious
• 10:56
  Speaker 4: where your interests lead you.
• 10:59
  Speaker 1: Yeah, mostly into the precious metal, So I don't spend
• 11:01
  Speaker 1: a lot of time looking at the base metals or
• 11:03
  Speaker 1: anything like that only from only from a macro perspective,
• 11:06
  Speaker 1: not so much from an investment perspective, And it's sort
• 11:09
  Speaker 1: of how I look at a lot of other markets,
• 11:12
  Speaker 1: and a lot of my attention right now is focused
• 11:15
  Speaker 1: on the monetary system and what central banks are doing,
• 11:20
  Speaker 1: interest rates, a lot of fiscal moves by different governments.
• 11:24
  Speaker 1: So yeah, I'm sort of looking at the global macro
• 11:26
  Speaker 1: picture making sure that my overall investment thesis isn't out
• 11:30
  Speaker 1: of whack. And yeah, it just seems like there's a
• 11:33
  Speaker 1: lot of tension building up in the markets. A lot
• 11:36
  Speaker 1: of governments are just going to inflate their currencies to zero,
• 11:39
  Speaker 1: try to spend their way out of their problems, even
• 11:41
  Speaker 1: though most of their problems are caused by spending.
• 11:44
  Speaker 3: So yeah, just sort of just what's that. Well, you
• 11:47
  Speaker 3: know what we call that, the cure is the disease. Yeah, yes, exactly.
• 11:52
  Speaker 3: So I don't think it's going to work.
• 11:54
  Speaker 1: So yeah, it's just sort of you know, waiting waiting
• 11:57
  Speaker 1: for the election, waiting for you know, tensions in Europe
• 12:00
  Speaker 1: in the Middle East to resolve some way hopefully, Yeah exactly.
• 12:06
  Speaker 1: So that's the thing is, I don't know what's going
• 12:08
  Speaker 1: to happen, and I'm just sort of waiting until there's
• 12:10
  Speaker 1: some kind of stability and some attractive place to put
• 12:14
  Speaker 1: my capital, you know, besides gold, silver and bitcoin, which
• 12:16
  Speaker 1: is really all I have right now.
• 12:18
  Speaker 3: He just remember, every cruise missile that gets fired is
• 12:21
  Speaker 3: five hundred ounce as a silver or five hundred grams
• 12:24
  Speaker 3: rather maybe five hundred grams bny ounces. So good for
• 12:29
  Speaker 3: precious metals, ballistic precious metals, giving new meaning to that term, right.
• 12:34
  Speaker 1: Hey, yeah, yeah, I mean you don't want to root
• 12:36
  Speaker 1: for that, Like, that's the tough spot to be in,
• 12:38
  Speaker 1: is Like, you know, as much as I as much
• 12:40
  Speaker 1: as I want the value of my portfolio to go up,
• 12:42
  Speaker 1: I don't want it to come at the cost of
• 12:44
  Speaker 1: you know, human suffering.
• 12:45
  Speaker 5: And you know I have no interest in being king
• 12:47
  Speaker 5: of the Ashes as it were.
• 12:48
  Speaker 1: So yeah, i'd gladly trade trade my fortune for for peace,
• 12:53
  Speaker 1: and you know, that's the world I want to live in.
• 12:55
  Speaker 1: But so, you know, in many ways, it's just a
• 12:57
  Speaker 1: hedge against what could happen, and I don't really know
• 13:00
  Speaker 1: what that is.
• 13:01
  Speaker 3: Yeah, Hey, if all of us knew that, you know, well,
• 13:05
  Speaker 3: we'd probably be building bunkers now as we speak.
• 13:09
  Speaker 4: But you know some people are yeh.
• 13:13
  Speaker 3: Never underestimate the stupidity of mankind to do exactly the
• 13:19
  Speaker 3: wrong thing at the wrong time, but never underestimate the
• 13:23
  Speaker 3: ability of mankind to rescue itself at the last possible moment.
• 13:27
  Speaker 3: So let's hope for the best here. Hey, just tell
• 13:30
  Speaker 3: us again. Find you at goldsilver dot com. What else, Yeah,
• 13:35
  Speaker 3: it's you for us. Yeah, Goldsilver dot com and our
• 13:37
  Speaker 3: Goldsilver YouTube channel.
• 13:39
  Speaker 5: You can find everything there, all right.
• 13:41
  Speaker 4: Hey, it's always great having you on. Alan be well.
• 13:43
  Speaker 3: Got a question for Alan or myself? Shoot me an
• 13:46
  Speaker 3: email kl at Kerrie LUTs dot com and the link
• 13:51
  Speaker 3: to Alan site is in the show. Outs to this
• 13:54
  Speaker 3: interview on Financial Survival Network dot com. While you're there,
• 13:58
  Speaker 3: sign up for our newsletter. Got a lot of great
• 14:01
  Speaker 3: info in there that will help you keep your money
• 14:03
  Speaker 3: when it hits the fan, will help you make money
• 14:06
  Speaker 3: when it hits the fan, and help you survive.
• 14:09
  Speaker 5: Alan appreciate it. We'll talk to you and so Hey, thanks, Cary,
• 14:12
  Speaker 5: talk to you soon.
• 14:13
  Speaker 2: Thanks for listening to carry Letz's Financial Survival Network your
• 14:17
  Speaker 2: solution to today's trying times. For the latest, go to
• 14:21
  Speaker 2: Financial Survivalnetwork dot com financial survival network now more than
• 14:27
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