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The Future of Gold: Can It Reach $10,000? · 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 1: On what matters most Ready.
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  Speaker 2: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
• 1:02
  Speaker 2: Let's Square handle the back end so you can keep
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  Speaker 2: pushing your vision forward. This episode is brought to you
• 1:11
  Speaker 2: by P and C Bank, a lot of people think
• 1:13
  Speaker 2: podcasts about work are boring, and sure they definitely can be,
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  Speaker 2: but understanding of professional's routine shows us how they achieve
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  Speaker 2: banking with P and C Bank. It might seem boring
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• 1:51
  Speaker 3: But Mike Novagrass gave some interesting commentary. So from an
• 1:56
  Speaker 3: investing standpoint, if you'll know what Mike Novagrass is, He's
• 1:58
  Speaker 3: a billionaire, He's spoken to invest fast, He's been on
• 2:00
  Speaker 3: market mondays. He said that his biggest concern was the
• 2:07
  Speaker 3: US debt.
• 2:08
  Speaker 1: That was the biggest concern.
• 2:10
  Speaker 3: He said his top investments would be hedges for inflation,
• 2:17
  Speaker 3: like if somebody had money to invest right now, he said.
• 2:20
  Speaker 3: He said that he was leary of the stock market
• 2:23
  Speaker 3: long term. He said Crypto, particularly bitcoin coin and Solana
• 2:33
  Speaker 3: on the all coin side, and he said gold. He said,
• 2:38
  Speaker 3: go he thinks gold can get to ten thousand.
• 2:40
  Speaker 1: Yeah, there was another one. He's up what tech he said?
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  Speaker 3: He said tech stocks for sure, but he said tech
• 2:47
  Speaker 3: stocks is going to have a crash at some point.
• 2:50
  Speaker 3: And then he referenced he was talking about like all
• 2:53
  Speaker 3: the different crashes and he was like, he's like there's
• 2:55
  Speaker 3: always He's like, there's a spike before the party's over.
• 2:58
  Speaker 3: And he was like, in year two thousand in they
• 3:01
  Speaker 3: have fireworks that went from Japan all the way to
• 3:05
  Speaker 3: Australia and everybody, and then the next day the stock
• 3:07
  Speaker 3: market craft.
• 3:08
  Speaker 2: He said, every great party has a hangover.
• 3:10
  Speaker 3: So he was saying that tex still has it happened,
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  Speaker 3: said he said tech still has a ride up.
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  Speaker 1: Yeah.
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  Speaker 3: He said he didn't know it was gonna be two months,
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  Speaker 3: two years, five years, but he said, eventually the tech
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  Speaker 3: wave is going to fall off a clip.
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  Speaker 1: Yeah, him, him and Dave.
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  Speaker 2: I mean, these are just brilliant guys, just brilliant dudes,
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  Speaker 2: man like and shout out to mail too. Brilliant dude
• 3:30
  Speaker 2: in his own right. But every great party has a hangover.
• 3:34
  Speaker 2: And so the question is, well, what hour are we
• 3:37
  Speaker 2: in in this party, right, like, is it after midnight yet?
• 3:41
  Speaker 2: And they were kind of like, I think, as far
• 3:43
  Speaker 2: as AI, we still might be in the early innings.
• 3:45
  Speaker 2: But eventually, right, it's gonna come to end. It's gonna
• 3:49
  Speaker 2: come to an end. We just got to be prepared.
• 3:51
  Speaker 2: But I mean, there's always opportunities. I mean, there's so
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  Speaker 2: many ways you can look at it. Every every crisis
• 3:56
  Speaker 2: has an opportunity.
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  Speaker 3: Let's take this one by one half group discussion. Gold
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  Speaker 3: hitting ten thousand at some point and post it's impossible,
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  Speaker 3: So like, yeah, principle ten years, Well let's go if
• 4:10
  Speaker 3: we're going four years now.
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  Speaker 1: Possible? Could it get to.
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  Speaker 3: That's the hell of a return in ten years it's
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  Speaker 3: twenty seven hundred.
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  Speaker 4: Now, yeah, five thousand ago I could see it getting
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  Speaker 4: too five thousand.
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  Speaker 1: That's almost three x.
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  Speaker 4: Yeah, well we have a pullback, a deep one absolutely
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  Speaker 4: in gold.
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  Speaker 1: Yeah, in tech.
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  Speaker 3: So so all right, so gold, we got gold at
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  Speaker 3: least doubling.
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  Speaker 2: And it's important to tell people how to invest in
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  Speaker 2: go if that's right, you said through ETF Oh yeah,
• 4:39
  Speaker 2: we talked about it.
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  Speaker 1: I'm gonna make sure everything. Well, how do I buy it?
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  Speaker 1: Where do I buy it?
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  Speaker 3: You could buy physical Goal, but then you know the
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  Speaker 3: ETF is g l D, it is Spider.
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  Speaker 1: We talked about that on Mark Mondays.
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  Speaker 3: But Goal tech tech stocks because tech is was driving
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  Speaker 3: the US economy. That's why even they put that report out.
• 4:57
  Speaker 3: I forgot what bank. I think it was Gold and
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  Speaker 3: Sacks that they direct to three percent on the S
• 5:01
  Speaker 3: and P over the next ten years. I was so excited,
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  Speaker 3: I mean because really, if you look at it, the
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  Speaker 3: S and P is not performing well outside of a
• 5:11
  Speaker 3: few stocks. Right, So it's five hundred companies and it's
• 5:14
  Speaker 3: like ten stocks that's driving in. All of those ten stocks,
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  Speaker 3: for the most part, are all technology companies. So how
• 5:22
  Speaker 3: long you know, it's like one of these things, right,
• 5:24
  Speaker 3: like you can't carry dead weight for But so.
• 5:28
  Speaker 1: Long we've got some time.
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  Speaker 3: So tech stock, the tech stock craze. How long is
• 5:34
  Speaker 3: this gonna what's the.
• 5:36
  Speaker 1: Deal with this?
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  Speaker 4: It's just gonna do incredibly well until late twenty twenty six.
• 5:41
  Speaker 4: I've been saying it's four few years in stock club.
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  Speaker 4: Twenty twenty seven is when we're gonna see hell on
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  Speaker 4: Earth and a lot of companies that are not doing.
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  Speaker 4: A old boy who kept talking to me about Intel
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  Speaker 4: and Video replaced it. I do this for a living
• 5:53
  Speaker 4: before y'all knew who I was humbling. Respectfully, I'm in
• 5:56
  Speaker 4: a good place, so it's for shod But I need
• 5:58
  Speaker 4: y'all to stop criticizing because y'all don't read and because
• 6:00
  Speaker 4: you don't actively invest in the market. Twenty two to seven,
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  Speaker 4: we're going to have a dramatic pullback. Could I see
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  Speaker 4: a twenty five to forty percent drop then for sure.
• 6:11
  Speaker 4: Dropbox just laid off twenty percent of its workforce. If
• 6:14
  Speaker 4: you are not aled, you're having a dramatic issue. The
• 6:17
  Speaker 4: rust of two thousand is still struggling. I've been talking
• 6:20
  Speaker 4: about the debt to GDP ratio forever, which has been
• 6:23
  Speaker 4: a major issue. Trillions of dollars of losses are sitting
• 6:27
  Speaker 4: inside of banks and nobody's talking about it.
• 6:31
  Speaker 1: Free Thug.
• 6:31
  Speaker 4: We talked about young Thug getting free more than that
• 6:34
  Speaker 4: the last six weeks, and no one's talking about this
• 6:36
  Speaker 4: as scale, which is a student loan crisis is really big.
• 6:39
  Speaker 4: But what's driving our value and what is our main
• 6:41
  Speaker 4: export technology? So in video will get bigger at some point. Apple,
• 6:46
  Speaker 4: I think by twenty twenty seven will be third in
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  Speaker 4: terms of market cap for.
• 6:51
  Speaker 1: Years.
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  Speaker 2: Well, let me let me just run down these numbers, right,
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  Speaker 2: because if we're talking about that, how far can we
• 6:57
  Speaker 2: go in terms of growth? Do you think in video
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  Speaker 2: be a four trillion dollar company in the next three years?
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  Speaker 1: Absolutely right? Do you think Apple will?
• 7:07
  Speaker 2: I'll say, yeah, yes, yeah, Microsoft, of course, right, they're
• 7:12
  Speaker 2: all right, And so then it leads you so well,
• 7:14
  Speaker 2: if those are going to affoord, does Alphabet look like
• 7:16
  Speaker 2: it can get to three trillion?
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  Speaker 1: Yeah, Alphabet fux I'm gonna.
• 7:20
  Speaker 2: Be I think it can. I think Amazon will get
• 7:22
  Speaker 2: there first. Yes, but then I met us right there
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  Speaker 2: at that one. TSM is about to be a trillion
• 7:28
  Speaker 2: dollar company? Do we see that slowing down? So like
• 7:31
  Speaker 2: that can now jump a few places. And so if
• 7:33
  Speaker 2: we're talking about does technology lead for the next two
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  Speaker 2: to three years, for sure.
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  Speaker 1: Lead the next decade.
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  Speaker 4: But like we're trying to say it though the other
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  Speaker 4: okay company fifteen through four ninety.
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  Speaker 2: Eight, we still got some ones in there, reserve player.
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  Speaker 1: But why twenty twenty seven.
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  Speaker 4: Let's just say because I'm tired of people stilling, so
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  Speaker 4: my mom telling me so they couldn't still don't tell everything,
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  Speaker 4: But twenty twenty seven is going to be a changing
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  Speaker 4: of the guard for a lot of companies, like Apple's
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  Speaker 4: apex will be in twenty thirty four, just like we
• 8:09
  Speaker 4: had a shift from twenty nineteen to twenty twenty one,
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  Speaker 4: and what companies led.
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  Speaker 1: Twenty twenty seven is.
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  Speaker 4: A very pivotal year on a decade level, when a
• 8:19
  Speaker 4: lot of hedge funds are going to offload certain investments
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  Speaker 4: and then people are going.
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  Speaker 1: To start to walk away.
• 8:25
  Speaker 2: So here's a follow up question to that, right, because
• 8:29
  Speaker 2: it's important because this happened over the weekend as well.
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  Speaker 1: First, tire I had to way three hundred billion billion
• 8:37
  Speaker 1: in reserves. YEP, I don't think Buppet.
• 8:40
  Speaker 2: Let's say he's not there's a chance he doesn't make
• 8:43
  Speaker 2: it to twenty twenty seven.
• 8:44
  Speaker 1: There's a chance he doesn't make it to.
• 8:47
  Speaker 2: Why the cash pile and the selling of tech if
• 8:50
  Speaker 2: that's his case.
• 8:51
  Speaker 4: Because when you have that amount of shares, you can't
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  Speaker 4: liquidate all at one time. You have to eventually leg out.
• 8:58
  Speaker 4: And also too, I think he knows something. Okay, if
• 9:00
  Speaker 4: I'm looking at America as a say possible the commercial
• 9:05
  Speaker 4: real estate is messed up.
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  Speaker 1: No one wants to talk about it.
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  Speaker 4: There's maybe fifteen companies in tech that are driving all
• 9:12
  Speaker 4: the valuations. Startup scene is in shambles, private equities in shambles.
• 9:19
  Speaker 1: Banks are in shambles.
• 9:22
  Speaker 4: If I told you that that was my business model,
• 9:24
  Speaker 4: which you invest in me, yes or no? The answer
• 9:27
  Speaker 4: is going to be known. So at some point the
• 9:29
  Speaker 4: House of cards has to correct. And I think he's
• 9:33
  Speaker 4: jumping now. I think it's a mistake to look with
• 9:34
  Speaker 4: Athis early. But there's a reason he has that cash
• 9:38
  Speaker 4: on hand. And going back to why he sold off
• 9:39
  Speaker 4: in Bank of America, I want to say this again,
• 9:42
  Speaker 4: there are trillions. Okay, imagine if you're a trader and
• 9:45
  Speaker 4: you're a p and L said negative three trillion.
• 9:49
  Speaker 1: There's ten banks that are and for.
• 9:53
  Speaker 4: Those of you who don't know, the level of losses
• 9:56
  Speaker 4: that are sitting on the books is worse than two
• 9:58
  Speaker 4: thousand and eight. And I'm going to declare this too
• 10:01
  Speaker 4: about twenty twenty seven that Max seven is going to
• 10:04
  Speaker 4: be a fantastic four. Whoever I heard that analogy before.
• 10:08
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