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Will Gold Keep Climbing? Deep Dive into Safe Havens & Market Hedging · Earn Your Leisure

• 0:01
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• 0:43
  Speaker 2: We'll start with Goal Goals at nearly an all time
• 0:47
  Speaker 2: high and it's been reaching high. Saw some six stat
• 0:50
  Speaker 2: the other day with Goal has actually outperformed the Nasdaq
• 0:54
  Speaker 2: over the last year to day. And once again, you know,
• 1:00
  Speaker 2: talked about gold before the election, like Novograds, that was
• 1:05
  Speaker 2: one of his things that he was real big on
• 1:07
  Speaker 2: before the election. He was just saying that he thought
• 1:09
  Speaker 2: that gold and bitcoin were the two assets to hold
• 1:13
  Speaker 2: because of the volatility in the government. And then with
• 1:15
  Speaker 2: the government shut down, We're gona talk about it a little late.
• 1:17
  Speaker 2: As far as bigcoin, you know, breaking new levels, but
• 1:20
  Speaker 2: gold also, as far as like has been doing well
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  Speaker 2: for a very long period of time, and that's a
• 1:25
  Speaker 2: safe haven for people that don't believe in central currencies.
• 1:31
  Speaker 2: So gold is this something that's going to continue to
• 1:36
  Speaker 2: go up over the course of time.
• 1:38
  Speaker 3: Absolutely. You have two types of investors. You have risk
• 1:41
  Speaker 3: on investors, which are pro AI, pro crypto, pro technology,
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  Speaker 3: and then you have pro hedge investors, and in this
• 1:50
  Speaker 3: case both are right. We're going to talk later if
• 1:54
  Speaker 3: this era is mirroring nineteen ninety nine to two thousand.
• 1:58
  Speaker 3: But the thing that's really important is when you own
• 2:01
  Speaker 3: asset classes, you want them to hedge against each other.
• 2:04
  Speaker 3: Gold does the ultimate hedge that is ended up outperforming
• 2:07
  Speaker 3: a lot of classes as you just mentioned, and I
• 2:10
  Speaker 3: don't see this pulling back anytime soon. I know it's
• 2:13
  Speaker 3: outside of a normal range for if you look at
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  Speaker 3: a multi quarter range, but I think possibly by end
• 2:23
  Speaker 3: of year we could even be at three ninety one
• 2:26
  Speaker 3: twenty three ninety one two on gold. There is inherent
• 2:31
  Speaker 3: risks in the market that people are talking about. I
• 2:34
  Speaker 3: know IWM is up. I know the knee k was
• 2:36
  Speaker 3: up because of the Prime minister being elected or selected,
• 2:41
  Speaker 3: but I think too many people have risk on and
• 2:44
  Speaker 3: no hedge. So if the market does tank, I think
• 2:47
  Speaker 3: gold will still continue to climb. One of the best
• 2:51
  Speaker 3: investments and best assets of all time if you look
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  Speaker 3: at it from since inception, and it's not going to
• 2:57
  Speaker 3: slow down anytime soon.
• 2:59
  Speaker 4: So yes, go continue to climb higher. I agree with you.
• 3:02
  Speaker 4: I agree with you.
• 3:03
  Speaker 1: I'll take the other position and a standpoint of what
• 3:07
  Speaker 1: would cause it to have retracement? Right, especially with government uncertainty,
• 3:11
  Speaker 1: We're not going to like they was supposed to be
• 3:13
  Speaker 1: a job support last week.
• 3:14
  Speaker 4: We didn't get it.
• 3:15
  Speaker 1: We're not getting it since there's a lockdown. Is this
• 3:17
  Speaker 1: something I don't even know if it's in the their future,
• 3:19
  Speaker 1: but at some point that would cause a sharp retracement
• 3:22
  Speaker 1: and gold.
• 3:24
  Speaker 4: Yeah.
• 3:26
  Speaker 3: So in twenty ten through fifteen, it was printed of
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  Speaker 3: money quantitative easy, and that money flowing around. So unless
• 3:35
  Speaker 3: they printed the way they did in two thousand and
• 3:37
  Speaker 3: eight two thousand and nine and that money circulates through
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  Speaker 3: that would be the only thing to take some of
• 3:42
  Speaker 3: the capital off. Because now if interest rates go to zero,
• 3:46
  Speaker 3: it's risk going for every asset, meme, stocks, crypto tech,
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  Speaker 3: Russell two thousand, Russell one thousand, s and P four hundred.
• 3:57
  Speaker 3: It's all bets on all money and shot the net
• 3:59
  Speaker 3: Russell piece. But unless we have that kind of money
• 4:02
  Speaker 3: flowing the worldwide, there's no reason to take a short
• 4:06
  Speaker 3: against gold. Because some people are starting to say, well,
• 4:08
  Speaker 3: gold is overvalued, hidding sort love is on RS side.
• 4:12
  Speaker 3: But it's like, if you don't know the macro economic environment,
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  Speaker 3: I don't think the United States or even China is
• 4:19
  Speaker 3: in a position to print money how they did in
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  Speaker 3: eight oh nine or twenty twenty. As a result, and
• 4:23
  Speaker 3: for that reason, I'll stay long on gold.
• 4:26
  Speaker 4: Yeah, I mean we printed the money.
• 4:29
  Speaker 1: Printing definitely during COVID was even higher than that, and
• 4:32
  Speaker 1: so now you know, I'm with you real I think
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  Speaker 1: it still appreciates. I just wonder if there is something
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  Speaker 1: like is it a FED policy that changes? Obviously we
• 4:41
  Speaker 1: know if interest rates the expectations that interest rates will
• 4:44
  Speaker 1: continue to fall. I don't think we'll get to zero
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  Speaker 1: anytime soon, or no, if we ever will. Just that
• 4:49
  Speaker 1: piece is like, yes, this is a hedge that we
• 4:51
  Speaker 1: should be in.
• 4:53
  Speaker 3: Just a thought though, going back to Ray Dallio's conversation,
• 4:57
  Speaker 3: though shot the ray you want to all weather portfolio.
• 5:02
  Speaker 3: I don't agree with the assessment of because the public
• 5:05
  Speaker 3: all weather portfolio versus what's done probably at that firm
• 5:09
  Speaker 3: is different. But gold is a good cornerstone investment for sure.
• 5:16
  Speaker 3: But I don't think unless interest rates go back to
• 5:18
  Speaker 3: one percent or zero percent and money is printed, that
• 5:21
  Speaker 3: gold is going to fall apart. And once again, if
• 5:24
  Speaker 3: No Regrets is bold enough and loving enough to tell
• 5:28
  Speaker 3: you this is what's going to happen, and this is
• 5:30
  Speaker 3: what I'm investing in, why not just listen to what
• 5:34
  Speaker 3: he's saying. He's not just talking his book. He's given
• 5:37
  Speaker 3: you the playbook ahead of time. This follow to what
• 5:42
  Speaker 3: he's saying as well. I think the golden rule is
• 5:46
  Speaker 3: we follow the money like the leaves.
• 5:48
  Speaker 1: Are left for you follow We will tell We have
• 5:50
  Speaker 1: a tough time in this space when you're learning and
• 5:53
  Speaker 1: you're learning things on your own, uh, and you're kind
• 5:56
  Speaker 1: of like, well I should follow it, but you go
• 5:59
  Speaker 1: against you know, your intuition. Sometimes it's painted for you,
• 6:04
  Speaker 1: it's right in front of you. You just gotta follow
• 6:06
  Speaker 1: the path and stop being hard headed yeah, yeah, I
• 6:11
  Speaker 1: will be a disciplined investor.
• 6:13
  Speaker 3: Thank you, yes, Or you deserve to be broke.
• 6:17
  Speaker 4: You don't even need a book.
• 6:19
  Speaker 3: You deserve to be broke if you don't deserve it
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  Speaker 3: after you, that's.
• 6:23
  Speaker 4: A fact at all times.
• 6:25
  Speaker 2: And goal you know we have we are one of
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  Speaker 2: the major hubs of gold right now as far as
• 6:30
  Speaker 2: Guinea and UH. A lot of people are not even
• 6:33
  Speaker 2: familiar with the country, never heard of the country before,
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  Speaker 2: but the country has UH. It's a population of twelve
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  Speaker 2: million people, so it's a relatively small country.
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  Speaker 4: But the UAE, the so they have they have a
• 6:48
  Speaker 4: flight what's the airline Emirates and it flies two times
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  Speaker 4: a week from here to the u A m hmm.
• 7:01
  Speaker 4: In the plane is a is a cargo plane that's
• 7:05
  Speaker 4: UH loaded with gold and to two trips every single
• 7:10
  Speaker 4: week full of gold to Dubai or you to Dubai
• 7:17
  Speaker 4: about that every every every twice a week every week.
• 7:25
  Speaker 1: The real transfer fee and that's the gold that they
• 7:29
  Speaker 1: can account for.
• 7:30
  Speaker 4: Yep.
• 7:30
  Speaker 3: Important.
• 7:32
  Speaker 1: There are other minerals that they're shipping that might contain
• 7:34
  Speaker 1: gold in side of it just because of the refining
• 7:37
  Speaker 1: process that hasn't been online yet. There might be gold
• 7:40
  Speaker 1: that's going through other minerals as well, mm hmm.
• 7:45
  Speaker 3: And and for commodities. A good exercise is to look
• 7:49
  Speaker 3: at like a fifty year historical chart just to see
• 7:52
  Speaker 3: what the overall trend is. There's a reason why that
• 7:58
  Speaker 3: plane is going and then that and you know we
• 8:02
  Speaker 3: have such a robust storage of it at Fort Knox.
• 8:07
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