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Is Gold a Safe Investment · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
• 0:02
  Speaker 2: You ever walk into a small business and everything just
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  Speaker 2: don't hesitate. Let's Square handle the back end so you
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  Speaker 2: can keep pushing your vision forward. This episode is brought
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  Speaker 2: to you by P and C Bank, a lot of
• 1:12
  Speaker 2: people think podcasts about work are boring, and sure they
• 1:16
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  Speaker 2: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
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  Speaker 2: Financial Service Group, Inc. P and C Bank National Association
• 1:48
  Speaker 2: Member FDIC.
• 1:51
  Speaker 3: Let's talk about gold. Gold has hidden all time high,
• 1:56
  Speaker 3: so wish your thoughts on investing in gold.
• 2:02
  Speaker 1: It's a good hedge. But investing in gold and investing
• 2:06
  Speaker 1: in bitcoin is really an inverse trade of believing the
• 2:09
  Speaker 1: dollar will go up. So if the value of the
• 2:11
  Speaker 1: dollar over the last one hundred years dropped ninety six percent,
• 2:15
  Speaker 1: bitcoin in gold or store of value, and the returns
• 2:20
  Speaker 1: have been incredible on gold. Everyone's been asking where you
• 2:23
  Speaker 1: can buy gold. You can google that, you go to
• 2:25
  Speaker 1: cost go. But I do think as a dollar continues
• 2:28
  Speaker 1: to decline. We haven't had any rate cuts yet, even
• 2:32
  Speaker 1: though it's predicted we have four. I don't see that happen.
• 2:34
  Speaker 1: We may even have a raise and rates. You have
• 2:37
  Speaker 1: to put your money into things that are going to
• 2:39
  Speaker 1: go up in value, even by the house long term
• 2:42
  Speaker 1: is a inflation investment, like you're hoping that the price
• 2:47
  Speaker 1: of your home goes up in comparison to what you
• 2:50
  Speaker 1: pay for it and versus the dollar. So I want
• 2:53
  Speaker 1: you guys to make a list of the top ten
• 2:55
  Speaker 1: things you can invest in that will go up in value.
• 2:57
  Speaker 1: Home is one, gold is one, Bitcoin is one, Ethereum,
• 3:01
  Speaker 1: the S and P five hundred. All of those are
• 3:03
  Speaker 1: inverse dollar trades. You can look at on trade and
• 3:06
  Speaker 1: view backslash DX. Now just look at the chart of
• 3:09
  Speaker 1: the dollar or dxy and see truck. Can we pull
• 3:14
  Speaker 1: up a truck real quick of the US dollar over
• 3:16
  Speaker 1: the last fifty years if you can? If not, no, biggie,
• 3:19
  Speaker 1: But yeah. All of these are investments into believing that
• 3:22
  Speaker 1: the value of the dollar would not rise higher than
• 3:25
  Speaker 1: what it currently is. So I like it. It's not
• 3:28
  Speaker 1: in my primary portfolio because I have a particular set
• 3:30
  Speaker 1: of skills like Leingam meeson. But if I was just
• 3:33
  Speaker 1: a general investor, would I invest in goal Yes. And
• 3:36
  Speaker 1: for those you've been trading gold features short target ten ticks.
• 3:41
  Speaker 1: If you can't get ten ticks out of or ten
• 3:43
  Speaker 1: pennies out of gold, I don't know what to tell you.
• 3:46
  Speaker 1: So yeah, I like it as a sore value and
• 3:49
  Speaker 1: a way to offset the drop and value of the dollar.
• 3:52
  Speaker 3: What about rate cuts? Do you expect rate cuts this year?
• 3:57
  Speaker 3: And do you think that we will have two this
• 4:00
  Speaker 3: year as predicted?
• 4:01
  Speaker 1: Well, they predicted multiple yeah, four or five? Right? Yeah?
• 4:07
  Speaker 2: I think sixth was the highest number they got every month.
• 4:10
  Speaker 1: It seems to be changing.
• 4:12
  Speaker 2: Larry Fink spoke on Friday, which is I mean, he
• 4:15
  Speaker 2: stood his ground. Where you're talking about the leader of
• 4:19
  Speaker 2: the largest financial firm in the world saying that we're
• 4:23
  Speaker 2: gonna have two, but he's he's reiterated that, like he
• 4:26
  Speaker 2: said that in January. I think we're gonna have two
• 4:27
  Speaker 2: rate cuts. I don't think inflation gets to two percent,
• 4:30
  Speaker 2: even though that's what the Fed wants. But is it
• 4:32
  Speaker 2: bad if it gets down to three point one or
• 4:34
  Speaker 2: if it gets down to two point eight, I mean,
• 4:37
  Speaker 2: if if it decreases. I think that's an improvement. It
• 4:41
  Speaker 2: looks like that's kind of how the FED is going
• 4:43
  Speaker 2: to move. So I think two is still very likely.
• 4:48
  Speaker 2: Six is out the question for sure.
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  Speaker 1: Yeah, six possible.
• 4:51
  Speaker 2: There are some talks that they're saying that maybe none,
• 4:56
  Speaker 2: and that's what I think we're gonna end up with.
• 5:00
  Speaker 2: And then this is something I told everybody in Red Panda.
• 5:03
  Speaker 2: They're not obligated to tell you how many cuts they
• 5:05
  Speaker 2: can lead, but they don't have to directly tell you
• 5:09
  Speaker 2: how many cuts they have planned. Now, if we have
• 5:12
  Speaker 2: rates rise, it's over with for Biden, like it's guarantee loss.
• 5:15
  Speaker 2: I think they also want to be a little bit fair,
• 5:18
  Speaker 2: so that's why I can see zero rate cuts happening.
• 5:21
  Speaker 2: Two would be amazing, especially if one of them came
• 5:24
  Speaker 2: towards the election season. That would help the.
• 5:27
  Speaker 1: Biden Harris campaign a ton. But I think we'll be flat.
• 5:32
  Speaker 1: And it's sad that like twenty five percent of all
• 5:34
  Speaker 1: money got printed because of COVID and what was happening there.
• 5:38
  Speaker 1: I wish we would have just listened to biologists who
• 5:42
  Speaker 1: was telling everyone initially, protected the kids and the elders,
• 5:46
  Speaker 1: let everyone else go to work, but keep the kids
• 5:48
  Speaker 1: and elders at home, because the mismanagement of that bio
• 5:52
  Speaker 1: attack from China led to a financial disaster. Going back
• 5:56
  Speaker 1: to my point about bricks, the turning of the god
• 6:00
  Speaker 1: for bricks getting momentum was COVID and our mismanagement of it,
• 6:04
  Speaker 1: which led to a many financial crisis. Now, it was
• 6:06
  Speaker 1: great for investment, it was great for the housing market.
• 6:10
  Speaker 1: But as a result, sometimes you have to let nature
• 6:14
  Speaker 1: take its course and let these things settle in because
• 6:16
  Speaker 1: we didn't. We mismanagement. We've been mismanaging, overprinted like crazy,
• 6:20
  Speaker 1: and here we are. So I think we'll be flat
• 6:22
  Speaker 1: on the rates cuts for the year. If I'm wrong,
• 6:25
  Speaker 1: I'll come back and say that. But I don't think
• 6:27
  Speaker 1: we will have any this year, and we need them.
• 6:29
  Speaker 1: But we can't go back to lower rates when rates
• 6:33
  Speaker 1: were at zero for Damnar fifteen years.
• 6:35
  Speaker 3: So okay, so let's do earnings report.
• 6:39
  Speaker 2: Yes, yeah, yeah, it's a big earnings week, big earnings week,
• 6:43
  Speaker 2: and we're going into earning season. I feel like that
• 6:45
  Speaker 2: that's happened pretty quickly.
• 6:47
  Speaker 3: So we got a lot.
• 6:48
  Speaker 2: Of the big banks of reporting, a couple of airlines reporting,
• 6:52
  Speaker 2: but the big one that I'm watching, I'm sure you're
• 6:54
  Speaker 2: watching too. Ian is Netflix on Thursday? What's your thoughts
• 6:58
  Speaker 2: on the earning season? And I guess we could start
• 7:01
  Speaker 2: with Netflix. I think Netflix will be fine. They came
• 7:06
  Speaker 2: out of that route in twenty twenty two.
• 7:07
  Speaker 1: They adjusted well, been incredibly focused, stop people from scamming
• 7:12
  Speaker 1: and having fourteen different people on one account. They've done
• 7:15
  Speaker 1: incredibly well. So I think they're earnings will be okay.
• 7:19
  Speaker 1: I don't force shadow any reason why they shouldn't be good.
• 7:23
  Speaker 1: So I'm bullish on Netflix. They've done a great job
• 7:26
  Speaker 1: since twenty twenty two, one of the media giants. So yeah,
• 7:30
  Speaker 1: I like where they're earning shall fall this week? All right?
• 7:34
  Speaker 2: We got Goldman Sachson Bank of America reporting this week
• 7:37
  Speaker 2: as well as Morgan Stanley boats on the banks.
• 7:41
  Speaker 1: Bank of America, it hasn't been above forty bucks. It's
• 7:46
  Speaker 1: getting close, but it hasn't been above forty since twenty
• 7:49
  Speaker 1: twenty one. Not that excited about it. So it's a
• 7:52
  Speaker 1: known Bank of America shot to Brian morning Hand, everybody
• 7:55
  Speaker 1: in Charlotte go to You got the Masters on the
• 7:56
  Speaker 1: twenty seventh, don't want to run their relationships Goldman Sacks.
• 8:00
  Speaker 1: I'm bullish on Goldman has been doing an incredible job. Uh,
• 8:07
  Speaker 1: probably one of the best banks there is out right
• 8:10
  Speaker 1: now for sure of them at JP Morgan, So I
• 8:13
  Speaker 1: am bullish on them for sure, and Morgan, I like,
• 8:19
  Speaker 1: I don't I don't love, but I like it. It's solid.
• 8:21
  Speaker 1: If I have to, like pick a back up, Morgan
• 8:23
  Speaker 1: Stanley would be like my financial side piece.
• 8:27
  Speaker 3: Let me say something real quick. I'm glad you said that,
• 8:29
  Speaker 3: because as you did, I'm not just pandering because we're
• 8:32
  Speaker 3: coming there. But North Carolina seems like that they have
• 8:34
  Speaker 3: some promise on the upcoming as well. Charlotte is a
• 8:39
  Speaker 3: financial hub and it's one of the largest financial hubs
• 8:43
  Speaker 3: in America, actually number two. So yes, part of me
• 8:48
  Speaker 3: I forgot to mention that. And we are coming to
• 8:51
  Speaker 3: Charlotte next weekend for a free event, So Arthur, if
• 8:53
  Speaker 3: you're on the website, But that's one state that I forgot,
• 8:56
  Speaker 3: North Carolina. Shout out to Dreamville who and the boy Who.
• 9:04
  Speaker 3: We'll talk about that later on. But Charlotte, you guys,
• 9:08
  Speaker 3: you guys are on the rise.
• 9:10
  Speaker 1: We'll be wrapping y'all going forward. Charlotte, Charlotte, Dreamville, Charlotte.
• 9:16
  Speaker 2: Maybe that stay in North Carolina if needed, they need
• 9:20
  Speaker 2: proper representation, Jermaine Jamine.
• 9:25
  Speaker 3: Person is North Carolina, Jamaine, He's still the biggest question
• 9:28
  Speaker 3: in Calina.
• 9:30
  Speaker 1: Who is the Mellow ball. I wasn't thinking bigger than
• 9:35
  Speaker 1: mellow Come on, I think I thought, Mike.
• 9:38
  Speaker 2: Yeah, I'll say Mike. I think they still claim them.
• 9:40
  Speaker 2: They still claimed Mike, Michael Jordan. I'm talking about it.
• 9:42
  Speaker 3: That's fifty years ago, talking about currently right now the
• 9:45
  Speaker 3: biggest Oh yeah yeah.
• 9:45
  Speaker 1: Ja Cole Handsund Yeah yeah, yeah.
• 9:51
  Speaker 2: Uh, I don't know, Jermaine, what's up man world? Uh
• 9:56
  Speaker 2: we talked about this on the call. We were talking
• 9:58
  Speaker 2: about the healthcare sector and we're looking at the ETF.
• 10:01
  Speaker 3: We spoke about Lily all the time.
• 10:02
  Speaker 2: Let's talk about one of the star warts inside that space,
• 10:05
  Speaker 2: United health what's your thoughts.
• 10:07
  Speaker 1: Yeah, they've been sliding down a little bit. I think
• 10:08
  Speaker 1: they've adjusted, but I think they'll be fine overall long term.
• 10:12
  Speaker 1: For sure. If I can get it below four thirty seven,
• 10:14
  Speaker 1: I would be happy. I think you got to like
• 10:17
  Speaker 1: a hob like five thirty seven a little bit ago,
• 10:21
  Speaker 1: so I think that they will definitely go back up.
• 10:23
  Speaker 1: I like United Healthcare, love literly more that's my baby.
• 10:26
  Speaker 1: But United Healthcare is doing very good ticker U and H.
• 10:30
  Speaker 2: Yeah, they are the top two allocations inside of XLV,
• 10:33
  Speaker 2: the spider sector. Yeah, so the two solid companies. All Right,
• 10:37
  Speaker 2: you got one airline in here, United Airlines.
• 10:41
  Speaker 1: Got no sho out to United. I love y'all. Thank
• 10:44
  Speaker 1: y'ad for taking care of me. Investing in the stock
• 10:46
  Speaker 1: No until Bowen gets there shit together, Nah, I wouldn't
• 10:50
  Speaker 1: invest in any airline. There's too many issues going on.
• 10:53
  Speaker 1: Stock is at forty one bucks. Twenty nineteen was at
• 10:57
  Speaker 1: ninety two bucks. It still has not recovered. No matter,
• 11:01
  Speaker 1: I don't see. I mean, maybe the Ironers will be okay,
• 11:04
  Speaker 1: but I don't see a reason to even want to look.
• 11:06
  Speaker 1: Let me see some of the fundamental data. Real quick
• 11:10
  Speaker 1: profit margin one point sixty four percent. That's that's an automatic.
• 11:14
  Speaker 1: No go about every one hundred dollars that comes in,
• 11:17
  Speaker 1: you keep one sixty four y'all need charge more for that?
• 11:19
  Speaker 1: Wi fi, don't charge me. But gross margin eight point
• 11:23
  Speaker 1: nine to two percent, which is a dead range for me.
• 11:27
  Speaker 1: Market cap is twelve billion. AirPods make more money than
• 11:31
  Speaker 1: their market cap.
• 11:33
  Speaker 2: No.
• 11:33
  Speaker 4: An illegal alien from Guatemala charged with raping a child
• 11:37
  Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador
• 11:41
  Speaker 4: accused of murdering a Texas man of Venezuelan charged with
• 11:45
  Speaker 4: filming and selling child pornography in Michigan. These are just
• 11:49
  Speaker 4: some of the heinous migrant criminals caught because of President
• 11:53
  Speaker 4: Donald J. Trump's leadership. I'm Christine Noman, the United States
• 11:56
  Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 12:01
  Speaker 4: crossings are at the lowest levels ever recorded, and over
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  Speaker 4: one hundred thousand illegal aliens have been arrested. If you
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  Speaker 4: are here illegally, your next you will be fine nearly
• 12:12
  Speaker 4: one thousand dollars a day, imprisoned and deported, you will
• 12:16
  Speaker 4: never return. But if you register using our CBP home
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  Speaker 4: app and leave now, you could be allowed to return legally.
• 12:24
  Speaker 4: Do what's right. Leave now. Under President Trump, America's laws,
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  Speaker 4: border and families will be protected.
• 12:31
  Speaker 1: Sponsored by the United States Department of Homeland Security,