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Is NOW the Best Time to Buy Gold? · Earn Your Leisure

• 0:00
  Speaker 1: I want to talk about gold and oil, okay, because
• 0:07
  Speaker 1: this is something that is very, very relevant to the
• 0:11
  Speaker 1: times that we're in right now. So first let's start
• 0:15
  Speaker 1: with gold. Right, Is this the time to buy gold?
• 0:22
  Speaker 1: Because you said gold is in the band market, we
• 0:24
  Speaker 1: see it drop twenty percent since its all time hot,
• 0:28
  Speaker 1: even though it went up pretty crazy, so it had
• 0:30
  Speaker 1: to come down eventually. But you know, ideas that money
• 0:35
  Speaker 1: might be flowing back into higher interest rate vehicles and
• 0:39
  Speaker 1: gold might be a little less attractive. So is this
• 0:42
  Speaker 1: the time to buy gold?
• 0:45
  Speaker 2: Last year or towards the tail end of last year,
• 0:48
  Speaker 2: everyone was gold crazy, and I don't understand because of
• 0:51
  Speaker 2: this war why people may not love gold. And if
• 0:55
  Speaker 2: we're talking about commodities, it's the commodity that probably outside
• 0:59
  Speaker 2: of orter matters the most. So I think with this
• 1:03
  Speaker 2: drop it does present a great time to be able
• 1:06
  Speaker 2: to buy. Normally, in stock club, I give three prices,
• 1:09
  Speaker 2: but for the audience tonight, I think I was supposed
• 1:11
  Speaker 2: to give a price last week and I did, so
• 1:13
  Speaker 2: let me make a fourth this week. For God, write
• 1:16
  Speaker 2: this down. The lowd to boat price is three hundred
• 1:19
  Speaker 2: and thirty one dollars and sixty one cent I'll repeat
• 1:22
  Speaker 2: it again. Low to boat is three thirty one sixty one,
• 1:26
  Speaker 2: and then a second entry is three hundred and ninety
• 1:30
  Speaker 2: one dollars and thirty six cent, So the swing trade
• 1:33
  Speaker 2: price is three ninety one thirty six If if gold
• 1:38
  Speaker 2: is incredibly valuable, right and if it has this tremendous tear,
• 1:42
  Speaker 2: and you can also make the argument, if inflation is
• 1:46
  Speaker 2: going to continue to pace the way that it has,
• 1:48
  Speaker 2: why would you get off the train now? Because of
• 1:51
  Speaker 2: the war it win. Gold would be more valuable as
• 1:54
  Speaker 2: a result from a commodity perspective, and it's been valuable
• 1:57
  Speaker 2: for thousands of years. So I think this is a
• 2:00
  Speaker 2: little bit of an overcorrection. Is there's some money swinging
• 2:03
  Speaker 2: into different asset classes, for sure, But I always say
• 2:06
  Speaker 2: sector rotation is not for us. It's for hedge funds
• 2:11
  Speaker 2: and fund of funds that are selling clients for that
• 2:14
  Speaker 2: quarter or for that year. That's why you'll go like
• 2:18
  Speaker 2: it's interesting. They'll say they're putting money in that fund,
• 2:20
  Speaker 2: but didn't tell the public that you can short the
• 2:22
  Speaker 2: private credit market. Be careful of sector rotations. Buy quality
• 2:27
  Speaker 2: commodities and quality stocks that are gonna be good for
• 2:30
  Speaker 2: a long period of time, and gold is definitely one
• 2:32
  Speaker 2: of them.
• 2:33
  Speaker 1: And I will say this too, there's nobody that's doing
• 2:35
  Speaker 1: that as far as giving you actual prices that you
• 2:39
  Speaker 1: can actually look at and see if it hits that
• 2:42
  Speaker 1: price that you could potentially buy it. You know, that
• 2:44
  Speaker 1: was just the preview what they're doing red pandemic, but
• 2:47
  Speaker 1: that was you know, gold, we'll go up over the
• 2:50
  Speaker 1: course of the next ten years. That we know based
• 2:54
  Speaker 1: off of if six thousand years of any historical data
• 2:58
  Speaker 1: has anything to do with it, we know that goes
• 3:00
  Speaker 1: up over the course of time. So once again, I
• 3:02
  Speaker 1: ain't gold at the right price holding it for a
• 3:03
  Speaker 1: long periods of time as a pathway to get rich.
• 3:07
  Speaker 1: It's right.
• 3:08
  Speaker 3: The question I would ask myself, has the narrative change
• 3:12
  Speaker 3: is gold at heads against inflation?
• 3:15
  Speaker 1: Right?
• 3:15
  Speaker 3: Some of the fear last week when the FED meeting
• 3:17
  Speaker 3: happened with power was like, okay, we're not talking about
• 3:21
  Speaker 3: potentially lowering rates. Maybe this is a story that interest
• 3:25
  Speaker 3: rates kid increased, right, and then that was set off inflation. So,
• 3:30
  Speaker 3: I mean gold has always acted as that. I don't
• 3:33
  Speaker 3: see the story changing it. Has it gone into a
• 3:35
  Speaker 3: beer market? Yeah, but this is what we look for
• 3:38
  Speaker 3: and this is when we're talking about okay, here's a
• 3:40
  Speaker 3: time where we can now invest.
• 3:41
  Speaker 1: This is the opportunity