Latest / The Big Mig Show / Global Finance Forum From Bullion To Borders We Cover It All |EP526

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Global Finance Forum From Bullion To Borders We Cover It All |EP526 · The Big Mig Show

0:26
The. The welcome back to the big big
1:00
show Global finance Forum, the number one finance show on
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Rumble, I might point out, of course, powered.
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And they stay there and they say, yeah, yo, exactly.
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So I'm feeling all we do is win on this show.
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Of course, powered by Genesis Gold Group, of course.
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Jonathan Rosary joins us today. Myself, Lance Miliaggio and
1:26
George Valentin from bullion to borders, you know, this is your
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go to source for cutting edge insights into the world of
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Group believes in empowering faith driven stewardship, or
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Join us as we explore the forces shaping global markets, the
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I'm telling you right now, these babies are a necessary part of
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any diversified portfolio. Of course, you know, on this
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4:27
Street, it's all included. It's a great way to catch up on
4:30
the end of the week. We got to start off with
4:32
inflation. I mean, I know tariffs in the
4:34
big news. We're definitely going to be
4:35
talking about tariffs. But let's go back into
4:37
inflation. Finally, we're seeing some
4:40
numbers that make people smile. Just fell below 3% for the first
4:44
time since March of 2021. Maybe the effects of the Biden
4:48
administration are finally starting to recede like a dirty
4:53
cesspool of toilet water. Is it going back into the sewer?
4:57
That's what I want to know. Jonathan, what do you think
4:58
about these inflation numbers? Yeah.
5:01
I mean, they're kind of numbers on a sheet.
5:03
But if you're speaking to the general public and their
5:06
sentiment of things becoming more expensive or less
5:10
expensive, I think you'll probably have a counter argument
5:13
on their hands there. And I think to kind of see a
5:16
little bit of reprieve, whether it's at the gas pump or the
5:19
grocery store, I think we're gonna have to wait for a little
5:22
bit of a trickle effect because I think with what's happening
5:25
globally, I actually think we're going to end up with with a
5:29
higher core inflation rate. So I guess time will tell and
5:32
and we'll see if I'm correct on that.
5:34
But I'm not seeing any any, any prices coming down at grocery
5:38
stores or consumer goods right now.
5:40
In fact, I'd probably say it's the opposite.
5:42
What's your guidance? You know, it's interesting.
5:44
I'm seeing prices come down at the grocery store.
5:46
You know, I do my own shopping. I also do my mom's shopping.
5:49
Clearly eggs are down. You can get two dozen over to
5:52
Costco now for under 9 bucks and they're actually the organic
5:55
free range ones that they've been selling for that price.
5:58
You know, look what we're looking at is over the last
6:01
three months we've seen inflation drop by 90 basis
6:03
points. Now, just like you always say on
6:05
the show, short term gain, you know, short term pain, long term
6:08
gain, I think you're right. I think the tariffs are going to
6:11
have an impact, although of course, art of the deal, the
6:16
real strategy for tariffs may have to do with the bonds.
6:18
It may have to do with other things.
6:20
I think there's a lot of layers. I think it's 5D chess.
6:23
The bond market just broke a 90 day tariff pause.
6:27
And you've seen that we can throw up that chart, George.
6:29
This chart kind of shows what's been going on with that, what's
6:32
kind of happened with the bond market.
6:33
Now, of course, we know that China's dumping U.S.
6:36
Treasuries right now. They've been dumping them in
6:38
retaliation to these tariffs. I think it was overdue.
6:42
We had to get into this trade deficit issue sooner than later.
6:47
Biden wasn't capable of fixing it.
6:49
Donald Trump was an end. So we only had to wait it out.
6:52
Now he's back in. Of course, he's going to focus
6:54
on this. Do I believe it's going to
6:56
impact our? Yeah, of course.
6:57
I think price is going to go up. But I also think that Trump has
7:00
got a plan for the American people to have generational
7:03
wealth. I do believe, and I know this
7:05
first hand, I'm going to give up a little tip here to our
7:08
audience behind the scenes. The discussion is to get rid of
7:11
the federal income tax. He wants to get rid of it.
7:14
He's trying to figure out a solution.
7:16
Our country was founded. The framers actually planned on
7:19
this country being run on nothing but porch duties and
7:22
tariffs. So getting back to that and
7:24
getting rid of this, you know, this unfair, you know, tariffing
7:28
1 sided relationship. I think it's really important,
7:31
George. I think this means that, you
7:32
know, of course the trade war could continue because rates are
7:36
falling. But I, you know, I think this is
7:37
important. I think we had to have this kind
7:39
of a strategy. If you don't want to get into a
7:41
kinetic event, you have to use economic solutions.
7:44
Well, you know, it just came out not too long ago, I think
7:48
yesterday in the afternoon that President Trump is actually
7:51
considering the leading Chinese these public company shares from
7:54
the US exchanges. Ouch.
7:56
And now you like you have the cumulative tariffs on on China.
7:59
They're at 145%. I should keep it going.
8:01
But you know, prior to April 2nd, the reciprocal tariffs
8:05
there were the 10 year 10 year yield note was falling in a
8:09
straight line lower, you know, and that's telling us like the
8:13
trade war would continue. Rates were falling how it but
8:16
however, this is something different guys.
8:19
The trade, the basis trade unwound due to volatility.
8:24
You know, gold, we like volatility.
8:25
The 10 year note yield surged 65 basis points to 4.5%.
8:32
I'm going to put up the chart like John did.
8:33
This is, I mean, we're going to get into the gold part of this,
8:36
but Trump knows what he's doing. I think he's the man like he we
8:44
have to take on China. It's well overdue in order for
8:47
our economy to flourish. We allow them to flourish and
8:52
look what they're building, building a big army.
8:54
They're they're second in GDP, right behind us.
8:59
And we got it. We have to stop it in order for
9:00
us to survive in this world. Yeah, I think this graph is
9:07
like, if you haven't seen the the 10 year yield note right
9:10
now, it's it's, you know, super high and people move into
9:14
yields, you know, when they're they're scared of and they want
9:18
to move out of the US dollar. So, you know, there's a lot of
9:22
volatility and people not trusting in US currency right
9:25
now, especially whilst these, you know, trade wars are going
9:28
on. And you know what, Lance?
9:29
You know why I think inflation maybe doesn't hit me as much as
9:32
it hits you guys. I live in Los Angeles.
9:35
They just they just want to nickel and dimers put up an in
9:37
fact, they released another tax the other day.
9:39
They raised taxes on us and no wonder why I never feel any re
9:43
private the pump or these grocery stores.
9:45
It's just like might. Might be time to to rethink that
9:49
domicile residency is on the table.
9:52
Many people are leaving California because the taxation
9:54
is so excessive. People don't like the over
9:56
politicized governor and how he seems to think that everybody
10:00
except the people of California matter.
10:03
You know, so you got, I guess you always have to look at that
10:05
nowadays. Taxation is such an important
10:07
part of any strategy when it comes to your finances.
10:10
But, you know, Trump's made it clear that these interest rates
10:12
are one of his top priorities. He wants to drive them down.
10:14
He's talked about a 10% Max cap on credit cards, which could be
10:18
a windfall for the American people.
10:20
I do believe that the income tax is on the chopping block if he
10:23
can figure out a way to pay the bills in this government.
10:26
And, of course, he's also working on reducing the bills.
10:30
You know, he posted, now, let's put this up.
10:32
He said this would be a perfect time for Fed Chairman Jerome Cow
10:34
to cut interest rates. He's always late, but he could
10:37
now change his image quickly. Energy prices are down.
10:40
Interest rates are down. Inflation is down.
10:42
Even eggs are down 69% and jobs are up, all within two months.
10:45
I don't know about 69% of eggs. I don't know if I'm buying that.
10:48
A big win for America. Cut interest rates from him and
10:51
stop playing politics. There's also a dialogue behind
10:54
the scenes that he wants to nationalize the Federal Reserve,
10:58
which I have always agreed with. It's a private institution
11:00
currently controlled by a number of families.
11:02
It's, you know, nothing federal about it, nothing reserve about
11:05
it. I don't like the way they
11:06
operate. I don't like the way they take
11:08
the US dollar, print it, charge us full face value and then
11:11
charge the interest on it. It's a Fiat currency.
11:13
I'd love for us to get back to the gold and silver standard
11:16
because, you know, on this show we believe in gold.
11:18
So, you know, this is a big deal.
11:20
And the bonds are crashing at a faster rate than any stock's
11:23
thinking about. And they're supposed to be
11:25
considered the safe havens. You know, this kind of says the
11:28
opposite of that. Jonathan doesn't.
11:30
It it really does. And you talk about, you know,
11:32
going back on a gold standard or, you know, the bond market
11:36
crashing and people looking for safe harbor.
11:38
You can also throw in the mix, you know, Bitcoin because Larry,
11:41
think of BlackRock said that the way we're going right now,
11:45
especially with the US trade deficit, he could see the US
11:48
dollar being completely replaced as the world reserve currency
11:52
and actually replaced with Bitcoin.
11:54
So maybe, you know, as radical as that seems, that could also
11:58
be on the cards. And you know, and This is why
12:00
Trump's paving the way for the fundamental pillars to be set up
12:05
for assets like Bitcoin to be part of America's U.S.
12:09
Treasury balance sheet. So we can be the capital of the
12:13
world when it comes to digital assets.
12:15
So, you know, as you know, I've been a big speaker of assets
12:19
like gold as a safe harbor, but it looks.
12:21
Yeah, you mentioned great interviews on Newsmax.
12:23
You also wrote an article that's been really going viral on
12:26
Newsmax. Maybe share that with the
12:28
audience and filament you've been over.
12:30
They've you've got a lot of stuff going on.
12:31
Of course, many people want to hear what you have to say.
12:34
I don't know if it started, maybe it started with the show
12:36
Global Finance for wait a minute, That was the beginning.
12:39
You're on Newsmax. I hope you told everybody that
12:41
you could be seen here every Friday.
12:42
I'm just. Saying, well, you know what?
12:44
I'm I'm on this afternoon as well with Ed Henry, so I will
12:48
make sure we we throw in the picnic the big.
12:51
Global Finance Forum that you're on Friday.
12:53
That's great what we do to grow together.
12:55
We want to work together but share with the audience what's
12:57
been going on because you've had a lot going on.
12:59
Yeah. No, obviously with Block Trust
13:01
IRA that launched where people can invest in cryptos with us,
13:05
with our managed strategies. It's really been, you know, just
13:08
making the news and, and really just honestly, guys, just just
13:11
taking off. So, you know, people want to
13:14
know how the crypto market and Trump's tariffs, like is there
13:17
any correlation? How's the market reacting to
13:20
this? And obviously, you know,
13:22
tariffs, tariffs, tariffs, that's what everyone wants to
13:24
talk about, right? And it's the powder keg that if
13:27
you're, if you're a trader, a futures trader and you get up
13:30
and go to the bathroom, you'll, you'll, you'll come back, watch
13:33
your positions. You could have missed something
13:35
because one minute the market was up the other day, then it
13:37
was a reversal and then it spiked right back up again.
13:41
So, you know, people are watching these markets and they
13:44
they've got questions. People are still asking why do
13:47
we have these tariffs, right? You know, how's it affecting the
13:50
market? What would be the long case
13:53
scenario if we kept tariffs in play?
13:56
If we fix these tariffs, what comes next?
13:58
So it's really just been a, a discussion with a lot of
14:02
financial reporters that are looking for kind of the inside
14:06
track from a financial guy like myself off on to see where this
14:09
markets going and really how block trust IRA is also being
14:14
capitalizing on this. Because a lot of the times when
14:17
you see this market volatility, there's two things happening.
14:21
One is the retail investors are getting chewed up to pieces and
14:24
they're scared to open up their statements.
14:26
And then obviously there's people like us that that see
14:30
this volatility and can make people's retirement money on
14:33
volatility. So volatility and risk
14:36
necessarily doesn't have to be a bad thing.
14:38
It's how you manage that risk and look at that volatility.
14:41
Now we're not out the woods yet, right?
14:44
But I think like George mentioned earlier, you know,
14:47
when it comes to China, everyone seems to be bending the knee and
14:50
coming back to the table and and talking shop with President
14:54
Trump when it comes to tariffs. But I still think we have a long
14:57
way to go with what's happening in China, right?
15:00
Are they going to play ball? Are they going to stick this out
15:03
to the very end, as they said? And what's their next play?
15:07
Would they then try to devalue the yuan, which they probably
15:10
would. They probably try to devalue
15:12
their own currency at that point if they wanted to play play
15:14
hardball with us and make their consumer goods even even cheaper
15:19
to buy, which means that if their currency is devalued, they
15:22
would be putting their money elsewhere besides the dollar,
15:25
which actually would be very positive for assets like gold
15:28
and assets like Bitcoin. So there's definitely a few
15:31
branches that split off left and right with with these tariffs
15:34
right now. And again, if you're a trader
15:37
and you're playing the futures market, you literally don't have
15:40
time to get up and and move your eyes from the screen because
15:44
it's it's the difference from making millions or losing
15:46
millions. You know, and I think you just
15:49
nailed it, although I will tell you this from insiders we have
15:51
at the NFSC, which that's the new federal state of China.
15:54
They're the anti CCP group. They say that a lot of Chinese
15:58
economy is smoke and mirrors. So a Deval of the wand could
16:01
really put them even further shaky ground.
16:04
I think we're going to see that that some of what they're doing
16:07
is bravado. I think more of that's going to
16:10
come out. That's my prediction.
16:12
I've heard a lot of not good things about the real estate
16:14
market, the the commercial real estate market and residential in
16:19
China. We know about some of it, but
16:20
it's far worse than anybody thinks.
16:23
They've got some real financial issues.
16:25
That isn't the picture they portray to the public, but
16:28
inside, behind the scenes, that is the discussions.
16:30
And they're worried about this much more than say, the US is.
16:34
Go ahead. Well, no, it's funny you should
16:36
say that. I I took a poll on one of my
16:39
guilty pleasures that I read, which is the Daily Mail, which
16:42
is like a British tabloid. And I was.
16:44
I like the Daily Mail. Yeah, we love the Daily Mail and
16:47
I was reading an article about China, you know, you know, and
16:51
the reciprocal tariffs, etcetera.
16:53
But they had a box and inside the box was a questionnaire,
16:56
live questionnaire polling. And it said, do you think
16:59
China's bluffing with these charges that they want to to do
17:04
to America or they're going to like, you know, bend the knee or
17:08
you're not sure? And I put their bluffing.
17:10
So I'm on the same kind of mindset.
17:12
I think you're hold on, hold on. Listen.
17:15
I got to add something to this real quick and I need you guys
17:17
to see it. So we all know that the Chinese
17:19
Jean is fell to lower like since 2007 right now sort of taking
17:23
hit. But this is what's going to
17:25
happen. Let me just show this.
17:27
Oh, wait, one second, One second, guys.
17:30
Here we go. Slap Jesus, he's got that
17:33
nickname for a reason. Slap Jesus doesn't mess around.
17:35
Get him out of here. No coach.
17:46
In the shadows of the neck. You know, I think I think that
17:51
it probably is is kind of a, you know, a, a real world, yeah.
17:56
A real world position on what my I.
17:58
Didn't get to finish my story, so let me tell you quickly.
18:02
No, no, love it. But the poll was, are they
18:05
bluffing? Do they mean business or not?
18:07
Sure. And I said they're bluffing.
18:10
But it was only 33% of a poll of over 10,000 people said they're
18:15
bluffing. Everyone else was actually of
18:17
the mindset that no, they're, they can, they can stick it to
18:20
us. So it's interesting how, how you
18:23
know, people like you and I, Lance and George, like we, you
18:25
know, we think it's maybe smoke and mirrors, but the consensus
18:28
of the general public, I got outvoted and people were very
18:31
concerned about that. So just goes to show you you.
18:34
Know general opinion. I think the general public
18:37
relates the the need for China through them, through their
18:40
purchases on Temu, Alibaba, Aliexpress, of course, all the
18:44
Chinese goods that are all over Amazon.
18:46
And they've become very reliant on that.
18:49
You know, it's, it's like the mother's milk.
18:50
They just can't get off the Chinese tit.
18:52
And I think when you look at it from that perspective, you have
18:54
to think to yourself, you know, what is the bigger picture?
18:58
And for us, we go to our sources, the most accurate
19:01
sources we've had on whether it's Chinese military action,
19:04
Chinese infiltration has always been the NFSC.
19:07
That group, they're a lot. They really have a big presence
19:09
over on Getter. We know them personally.
19:12
So my information is coming from an actual source.
19:14
It's not speculation. They've told me all along that
19:16
China has some very complex issues within their financial,
19:21
you know, government that people don't know about.
19:25
There's, there's lots of liquidity issues and all other
19:27
things. And all it could take is maybe
19:29
that smallest push. Donald Trump's not playing.
19:32
A lot of people talked about this market move.
19:34
I think, you know, this 90 day pause had to do with the 10 year
19:37
treasury. George, you and I talked about
19:39
this on the crypto Power Hour. Let's face it, the bond market,
19:43
I don't fully understand it, even myself at times.
19:45
It's really tricky. And you know, right now he's
19:47
talking about the fact that it looks really beautiful.
19:49
It wasn't an interest rate driven rate move.
19:52
I think it's more than that. I think it's a bunch a much
19:54
bigger strategy, but he's talking about this basis trading
19:58
unwinding. You know, Trump knew the $800
20:00
billion basis trade would send the 10 year to a 5% if he did
20:05
not intervene. And I think he's concerned with
20:07
that. Of course, as a result of what
20:09
he did, we've now seen a a move there.
20:12
So what do you think? Was this more than just if
20:15
tariffs? Was there a real strategy behind
20:17
the scenes? George and then Jonathan?
20:21
At first when he, when I, when he first said he suspended it, I
20:24
was kind of mad. I was like, man, that's a sign
20:27
of weakness because that, you know, it was the first thought I
20:29
was like, but after thinking about it and then looking I, I,
20:33
I, it Trump's, it's called the art of the deal.
20:36
It's 5D chess. And he, he wants, that's what
20:39
he's trying to do with the bond markets.
20:40
He's, he's trying to get the interest rates lower.
20:42
Let me put up the graph for everybody.
20:45
But he's basically confirmed that, you know, the reason he's
20:49
doing this because of the bond market.
20:51
And another thing, like I'm going to say Trump has an ego
20:55
and he doesn't want to see the stock market tank, even though I
21:00
don't think he's really paying attention to the stock market.
21:02
He's really paying attention to the bond market.
21:04
And it's, you know, if we read if they re buy the bonds or it's
21:08
more money for the US. So I don't know, Jonathan, what
21:10
what's your take? You're you're the financial guru
21:13
here. Yeah, well, the, the checkmate
21:15
play here that he's already laid out the chess board here ages
21:18
ago for this is to have the Federal Reserve intervene,
21:23
right, and goal to slash interest rates so we can
21:26
refinance all of our trade deficit, which is $36 trillion
21:30
and growing. Because if we don't address
21:32
that, there is no future value in the US dollar.
21:35
So this ultimately big squeeze that we are seeing is, is a lead
21:40
up to crash the markets to have the the Fed Reserve step in so
21:45
we can refinance that debt, which would be the ultimate
21:48
checkmate move and would go down in history as one of the best
21:51
economic plays we've ever seen by any president.
21:54
So this is a a dangerous game of chess.
21:56
But ultimately that's that's the final move that he's looking
21:59
for. But I gotta add this for you
22:00
though. Like you know what?
22:02
You know, the US it's, it's volatile, and the US dollar has
22:05
been declining. However, central banks and
22:08
foreign investors are buying up even more gold.
22:11
Here's a chart. I know Johnson likes this one.
22:13
Yeah. I think George.
22:16
Yeah, of course, the result of basis trading collapse, that
22:19
safe haven demand, it's been quickly funneled into gold.
22:22
I know we had a dip recently. Now we're back up another $200,
22:26
nearly hitting that all time high, I think.
22:28
I don't know if we encroached it, went over it.
22:29
I didn't get a chance to check the chart, but this is we're
22:32
talking about central banks and foreign investors are continuing
22:35
to accumulate, of course, gold strong safe haven.
22:40
That demand is surging, you know, and this is going to
22:43
happen more and more as we see volatility.
22:45
Let's talk about you're the gold expert on the show.
22:48
It's not George and I Let's go into why gold prices are posting
22:51
these strong gains and where this is heading.
22:54
Jonathan. Yeah, absolutely.
22:56
Well, First off, people see the tariffs, the instability, the
23:01
fear sets in the retail market, you know heads to higher ground
23:05
from the floodwaters and and that asset for them for safety
23:08
is, is the yellow metal itself. So whether people are putting it
23:12
in their Iras or 401 KS, holding something physical that retains
23:16
its value whilst the dollar stands there on shaky legs makes
23:19
a lot of sense to the smart money out there.
23:22
When you look at the recent dip in the price of silver and gold,
23:26
that was just, it's merely a lot of these fund managers actually
23:29
liquidating gold positions and covering some margins that they
23:33
had exposures to as the market dropped.
23:35
So gold essentially played its role as a rainy, a rainy fund, a
23:40
rainy fund, a little stash to put away that they can liquidate
23:44
and cover their position. So I think the future looks
23:47
really bright for gold. I think just a couple months ago
23:50
you were asking me, which I've never really done before because
23:53
I never like to be put on the spot, Where do you see the price
23:56
of gold going? And I believe I was mentioning
24:00
like 3200 thirty $300.00. I believe I said by the end of
24:07
the quarter or by summertime, I'd have to go back and have a
24:10
look. So we're, we're we're getting
24:12
close 3173 as I as I speak to you today.
24:16
So you know, if I said 3200, I'm, I'm I'm, I'm pretty,
24:20
pretty, pretty close. I'll take.
24:22
No, I've got to tell you, you're usually spot on.
24:24
And I got to tell you on on the Global Finance Forum show, I've
24:28
got to make it clear, sometimes you have to put the proverbial
24:31
balls on the line. We're going to do that over and
24:33
over again for our our viewers, watchers and listeners because
24:36
of course, at the end of the day, this isn't financial
24:39
advice, but we want to educate you.
24:40
But I also want experts like yourself to give them the
24:43
opportunity at least for a projection.
24:45
Doesn't mean that I'm telling anybody to run out and do it.
24:47
Talk to your financial advisors, talk to the experts over Genesis
24:51
Gold Group. Head over there and have a
24:53
discussion with them about just investing your IRA.
24:56
I've always believed in diversification.
24:58
It's not because Genesis Gold Group is a sponsor of this show.
25:00
To hell with that. My point is that diversification
25:03
is a safety net. And as you get older, you have
25:06
to think, think about how do you protect yourself from any really
25:09
heavy downside risk? Doesn't matter what your
25:12
portfolio is. We want you to be in crypto
25:13
because it's generational wealth.
25:15
We want you to be in gold and silver because it's a hard,
25:17
tangible asset you can hold onto.
25:19
And I'm not telling you not to expose yourself to the stock
25:21
market. But all of that takes a level of
25:23
expertise. And that's why Jonathan Rose is
25:25
here with us. That's why we have him and why
25:27
he's part of this show. Yeah, please.
25:30
You know, I love him for sponsoring the big, big show.
25:32
I love him for sponsoring this show.
25:34
But really what it comes down to is we're trying to provide a
25:36
service for you guys. So when Jonathan, you know you
25:38
went out on a limb, are you still on the weight of 7030 for
25:42
portfolio silver to gold or has any of that changed in the last
25:45
couple of days or weeks? No, I'm still long term.
25:48
You know, this isn't something I'm liquidating tomorrow, next
25:51
year. You know, this is something I
25:53
will hold on to, you know, five years, you know, possibly 7, you
25:57
know, unless there's a time I need these reserve monies
26:01
liquidated and moved elsewhere. But you know, my position hasn't
26:04
changed. You know, gold's great.
26:06
You know, I think silver's the new gold that will make itself,
26:11
you know, I think pushed to the front here when that happens,
26:14
I'm not exactly sure, But I think under Trump's term, I
26:18
think we're going to have some very positive gains for silver.
26:22
And when you just look at the market as a whole, it's just
26:25
really a powder keg ready to kind of explode on us, right?
26:29
So gold and silver's never, ever going to go out of fashion.
26:34
And, and when you're, you know, looking at world events, whether
26:37
it's domestically or internationally, gold's always
26:40
going to have a pivotal role in a portfolio.
26:43
It's, it's, it's really important to, to be diverse.
26:46
I always say we don't have a crystal ball, but we've got a
26:49
pretty good road map, right? And and I think you mentioned
26:52
earlier about auto loans, defaulting credit card, credit
26:56
cards defaulting at a high rate. When you look at Social
26:59
Security, Medicare debt, when you look at all the problems
27:04
that we're facing in the future, it's like rolling a big boulder
27:08
up a hill. And you want to make sure that,
27:11
you know, we have that insurance, that protection
27:13
that's going to protect us against all that volatility.
27:16
And that's always going to make assets like gold and silver a
27:20
real a real winner. And if you haven't done so
27:23
already, now is the time I would say get, get an education 11
27:26
trend I have noticed is we've probably been speaking to a lot
27:30
more financial advisors from brokerage companies who have
27:33
actually called in for their clients.
27:35
And you know, a lot of these brokerage companies don't sell
27:37
gold or they'll do ETFs. And a good financial advisor or
27:41
planner, if they're recommending gold, they will recommend the
27:44
physical stuff. Not, not the paper, not the
27:47
paper gold, not gold mining stocks, no doubt electronically
27:50
traded funds. But so that's been very
27:52
interesting to see with the tariff wars that the financial
27:55
advisors and these aren't run-of-the-mill financial
27:58
advisors. These are financial advisors
28:00
that had maybe 20 year relationships with their clients
28:04
and they're like family members to them or they are family to
28:07
them. So even even FAS have been
28:10
calling us and and asking us for assistance in.
28:13
You know what I think is interesting?
28:15
I think the persona of gold and silver, we've seen a lot of, you
28:19
know, music industry artists, you know, rappers and otherwise,
28:23
and other people boasting about their ownership of gold and
28:26
silver, meaning that they'll actually hold up bars online,
28:30
Even some big influencers. And, you know, people over on
28:33
Twitch where they're showing they've got actual gold in their
28:37
hand and actual silver bars in their hand.
28:39
I think that that really even the trend there is positive for
28:42
gold and silver because these people are saying, hey, look,
28:45
I'm diversifying because I, I want to make sure I've got
28:47
something in my hand just in case everything goes FUBAR At
28:50
the end of the day, You have to think about the possibilities of
28:53
not having something like that. And everything does go belly up.
28:56
You know, listen, financial markets are volatile and at the
29:00
end of the day, you have to think that through before you
29:01
make that move. All right, listen, when we come
29:04
back, we're going to finish this story up, talk about how a lot
29:07
of people, I don't agree with them, are saying Trump blinked
29:09
in the global trade war stare down.
29:11
I don't think it's true. I know George doesn't think it's
29:13
true. The Global Finance Forum powered
29:16
by Genesis Gold Group will be right back.
29:18
George Ballantine, myself, Lance Maniaccio, and the number one
29:22
expert in bullion in my opinion, Jonathan Rose from Genesis Gold
29:25
Group. We'll be right back.
29:27
Stay tuned. American who keeps up with the
29:30
real news. You know by now the severity of
29:32
the economic issues that are plaguing our great nation.
29:36
My name is Jonathan Rose and I'm the CEO of Genesis Gold Group,
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the only major faith driven company in the industry. 2024 is
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Big Make Show Global Finance Forum that's powered by Genesis
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Gold Group with your hosts, Lance Migliaccio, George
32:46
Ballantine, our Jonathan Rose had to go.
32:50
He has a emergency appointment. He's.
32:52
Going to give you the Queen's wave.
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Make sure you you mentioned that the big big show sent you.
34:16
We appreciate it. Here's a take a screenshot QR
34:19
code take you right there too. You know, do I need them?
34:24
You want to do you want me to call for you?
34:25
I'll come over to your house and call help you out.
34:28
I'll do it. I can send Lance if you want.
34:30
Exactly, except except I'm a lighter eater.
34:33
George is going to want a full meal when he gets there.
34:35
He's going to want a full meal. George is a food connoisseur
34:38
compared to me anymore. I do like to eat, but you know.
34:42
Yeah, but you like to eat good food.
34:43
I appreciate the fact that you focus on also the quality of
34:46
what you eat. Dude, we've, it's been like that
34:48
since we were kids, you know? Yeah, a lot of people actually
34:51
don't know what good food is, believe it or not.
34:53
Not not the same, but I think you.
34:54
Have to. You have to be in a family that
34:56
cooks, and you have to be in a family that learns how to cook
34:58
together. I mean, I eat mostly protein and
35:00
vegetables at this point, but it's crazy, you know, I just
35:03
went to the doctor, was doing some hormone stuff and it's just
35:05
interesting what the impact of that is.
35:07
As you get older, you got to pay attention.
35:09
I like this, this news. I don't agree with a lot of the,
35:11
a lot of experts are saying that President Trump blinked in the
35:14
global trade war, don't agree with it.
35:15
They're also saying Trump can't beat the bond market.
35:18
I'm not sure that's right, George.
35:20
I don't know either, because I think this is exactly what Trump
35:24
wanted to do. I don't.
35:25
Trump doesn't care. Let me put the graphic up later
35:28
so we can see Trump doesn't care about the stock market.
35:31
I think he's made it pretty clear it's not about the stock
35:34
market. It's about, you know, getting
35:36
the Fed pal, the lowered interest rate, but also like,
35:39
you know, with the bond market. And he knows what exactly what
35:43
he's doing, I mean. Well, look what it did to gold
35:45
here with this 24 hour Spot gold chart you put up.
35:49
I mean it had an immediate impact.
35:50
It went up, you know, just instantly we'd seen a small dip,
35:53
but you know, it's high. I think it was one 3188.
35:56
It's creeping back up right against it at 3187.
36:00
I think it's going to breakthrough.
36:01
There's a lot of support at this level.
36:03
You can see by the chart. There's not there's the
36:05
resistance is dropping and the support at those levels is
36:08
continuing to grow. These gold futures, you know,
36:11
they have a strong overall near term technical advantage in my
36:15
opinion. I think the next upside
36:18
objective is probably 3002 O1 to maybe 3002 O3.
36:23
That's what I see next. And once it breaks through
36:25
there, I think 3150 is right around the corner, George. 3150.
36:31
No, I'm sorry, 3250. Oh, OK, because I was going to
36:34
say 3250. I think it's going to go 33
36:36
pretty soon. Watch.
36:38
I well, you know, Jonathan's predicting 33.
36:40
And by the way, guys, we just wanted to tell you Jonathan has
36:42
an interview on Newsmax. So he was tight on time today.
36:45
You know, he is being pulled in more and more.
36:47
And I think it's because of the Global Finance Forum.
36:49
George, it is. I think he's, yeah.
36:51
What it is, why what are you talking about #1 show bro just.
36:56
Going in on the bus because I've never been defeated in a I'll
37:00
stop now. Keep your hands up.
37:02
Exactly. But so, man, I lost my train of
37:06
thought there. Oh, but you know, Lance, I might
37:09
have to. I think we both said like what
37:12
the goal will be at the end of December.
37:13
And I think we both picked 35. I'm going to have to change
37:16
that. I think it's going to be higher,
37:17
man. I'm thinking I'm going to say
37:22
38. Wow.
37:24
Yeah, I think it's going to go. That's a.
37:26
Bold prediction, but I don't want to push against you because
37:28
I own gold, so I want to see it go up.
37:30
What I think is really interesting here, whoa, is that
37:33
I think these dips are opportunities to buy George.
37:35
Time out. It's not I own gold.
37:37
It's we own gold, OK? Yeah, exactly.
37:40
All right. I just want to clarify that
37:41
everybody, because. You know, at the end of the day,
37:43
you know, right now, Silver's on a dip.
37:45
Some people have kind of been, you know, talking to this silver
37:48
prices a wild ride. They've been volatile.
37:51
But to me this volatility is an opportunity to buy some.
37:54
I still see silver by the end of the year moving way up from
37:58
where it's at now. There is a shortage.
38:00
I don't think the market is, you know, really read that shortage
38:04
into the pricing currently. I think it's going to get worse.
38:07
That EV battery technology from Samsung, they have contracts now
38:11
with two major manufacturers. So I think we're going to see
38:16
silver, that's 1K of silver per EV that's needed.
38:20
And until they figure out a substitution for that, I think
38:22
this is where this is going. And there's recession fears and
38:26
a slowing global economy. I think, I think we're they
38:30
think there's going to be sapping demand.
38:32
I think it's going to be the exact opposite.
38:33
I think all the institutions, all the industry will stockpile
38:37
if there's any kind of a pullback.
38:39
Yeah, listen, Silver look, it's we always say this, I always say
38:44
this, you say this from throughout history, gold and
38:48
silver is always hold held value.
38:51
You can't go wrong with it. So I mean, it's secure and if
38:56
you want security, you pick that.
38:59
If you want volatility, go buy some stocks, but definitely
39:02
buying a dip. And I just want to bring
39:04
something up, Lance, because you know, people are talking about
39:07
like Trump did this, you know, he's he was manipulating the
39:11
market inside of trading, blah. Blah.
39:13
No, no, no, no, no, no, no, no. And I want to tell you just one
39:17
little reason. Before he announced he was
39:20
holding off the tariffs, he put a post on True Social telling
39:24
everybody to buy right now. Yeah, that's not.
39:28
He told the he told the world, yeah.
39:30
Everybody, yeah. So I mean, he's got 90 million
39:33
followers, I think on Truth and I don't know how many on, I
39:36
mean, on Truth Social. What has he got?
39:37
It doesn't matter. So the numbers are colossal.
39:40
That wasn't some private message.
39:41
Group OK, but as soon as he put that up everybody took
39:44
screenshots and shared it so it just it went everywhere so
39:49
there's no there he said it buy buy now buy him the tip.
39:53
Yeah, buy the dip. There is no nefarious things
39:55
going on. That's just the way the left
39:57
wants to spin it to make you nervous.
40:00
I mean, it's so you seen like the last few days, the stocks
40:03
went down and they went up and now they're back down.
40:07
It's just people playing the market.
40:09
But watch the bonds. No doubt.
40:12
Watch the bonds. Well, let's switch gears and
40:14
let's talk about Trump's new 125% and growing tariff.
40:18
Lot of people think this is going to increase China's BRICS
40:21
trade. These import tariffs.
40:23
We know these have been leveraged.
40:25
It's art of the deal. This is April 9th.
40:28
We're talking about that date. The move comes out to China,
40:30
raise its tariff on US goods by an additional 84%.
40:33
Understanding that you already didn't understand, There was a
40:35
major trade deficit between US and the United States.
40:37
It was growing. In fact, China was also cracking
40:40
us for tariffs and we weren't doing the same to them.
40:43
Even an equal reciprocal playing field, it would have been
40:46
necessary to move tariffs. But there's much more than this
40:48
and that I think these moves are unprecedented.
40:50
I think there's a lot of US tariffs that were necessary, but
40:53
we're also strategic or 77 countries came to the table.
40:58
And those are the countries that John, that Donald Trump of
41:00
course said, I'm going to wait, I'm going to hold these tariffs
41:03
in abatement until you guys come to the table.
41:05
He doesn't, you know, if you think about it, if he's going to
41:07
meet with 77 countries, you can imagine how many meetings that
41:10
is. He's probably going to have to,
41:12
you know, maybe move a little over that around the table.
41:14
But look. Hold on this.
41:16
Is big numbers here. I want to let's talk about
41:18
tariffs because the UAE and the EU who agree to launch free
41:22
trade negotiations, right? There's a lot going on here.
41:26
Then you have Canada says it will drop tariffs tomorrow if
41:29
U.S. President Trump drops his.
41:31
Now check this out. So China wants to play with us,
41:33
right? You know, China and the European
41:36
Union is in talks to abolish EU tariffs on Chinese electrical
41:39
vehicles. So he wants to negotiate with
41:43
them. When it comes to us, he don't
41:45
want it. He wants to try to play tough.
41:47
Xi Jinping, you ain't going to win, Tony.
41:50
All right for now. And you know what they're,
41:52
they're kind of the salvo of, of tariffs.
41:54
What they're waving around is that the United States is not
41:56
China's, although a lot of people think it is.
41:58
We're not China's primary trading partner. the US is
42:02
actually third in place before the Asian, you know, ASEAN,
42:05
which is of course, is the Asian Union and the European Union.
42:09
Those numbers are higher than ours.
42:10
The United States, for example, that ASEAN group, that's 982.3
42:17
billion in trade, the European Union's 700 and 85.8.
42:21
And then here comes the US at 668.3 with Latin America at 518
42:25
1/2. So there a lot of people are
42:27
thinking that somehow China is going to find the extra support
42:29
in these other countries. I disagree because what China is
42:33
trying to do with this trade deficit and the reciprocal
42:36
tariffs that are much higher than ours is to of course impact
42:40
the US as an impact the US dollar.
42:42
They've got a much bigger strategy.
42:44
This is a Mao style strategy. I think that this had to happen.
42:48
And I think that at the end of the day, they think they're
42:50
going to find the market somewhere else.
42:52
We'll go ahead. That's just going to strengthen
42:53
the US dollar in the long run because we'll move all the
42:55
manufacturing back to the United States.
42:57
And once that happens, I don't think we're going to go back to
43:01
the Chinese tit. I think we're going to focus on
43:03
what it takes to make America great again.
43:05
And this is part of that big global game plan, 5D chess.
43:09
It's not checkers, George. It is 5D chess.
43:13
I mean, I think we're going to be going like 6D chess soon,
43:15
could be there already. I mean, no doubt.
43:19
All right. I was looking up something
43:21
interesting. But listen, China, you're not
43:24
going to win. I'm going to say this politely
43:26
as I can. You guys are used to bowing,
43:29
right? So just bow down right now.
43:30
I mean, I don't understand how like the EU want to make free
43:36
trade deals with them, but they don't want to do it at us.
43:38
That just shows everybody and China wants to do it vice versa.
43:41
That just shows that they want to keep taking advantage of us.
43:44
They've been taking advantage of the United States of America.
43:46
Well, no more. We're not going to allow that to
43:48
happen. And I hope to God, I pray to
43:51
God, that our Congress can actually put some law in where
43:56
it keeps the tariffs like this, that if any country tries to
44:00
raise tariffs or make the trade, you know, take away the deal
44:04
that we reciprocate because enough is enough.
44:08
Because let's face it, we didn't have a strong leader the last
44:11
four years and they took advantage.
44:13
So God forbid that ever happens again.
44:15
God forbid. Please know, I hope you people
44:17
got smart now. But in case it does, we have
44:20
security measures in place. It needs to be done.
44:23
All right, let's, let's move it up a little bit.
44:25
Let's talk about Bitcoin. Before Jonathan was on the the
44:27
show, he mentioned that Larry thinks that the Bitcoin is going
44:30
to become the global currency. I do not agree with that.
44:32
I would have told Jonathan I didn't if we got into this
44:34
story. I don't think it's the coin that
44:37
people think it is. I don't think it's going to be
44:39
long term, not that I don't think it's part of the
44:40
blockchain and it's part of the decentralized finance community
44:44
and I don't think it's going away anytime soon, but I think
44:47
it's on an antiquated network. I think long term people should
44:51
be looking at diversification. So also Michael Saylor, he also
44:55
is saying the same thing. I disagree.
44:57
I think if any coin is going to become the number one part of
44:59
the blockchain, I believe it's XRP.
45:01
Now George and I hold both. We hold both Bitcoin and XRP
45:04
beneficially. I can't say that either one of
45:06
them should be any more important than the other.
45:09
When you look at the short term of the long term, I think that
45:12
the network that XRP is on, it's much more sophisticated.
45:15
They've got contracts X or 3300 or more, different governments,
45:19
agencies and corporations. You've seen the integration into
45:23
the SWIFT system, what's going on, and lots of other things.
45:26
The ETFs for XRP are starting to come online.
45:29
I think XRP is going to be, in my opinion, in the long term.
45:32
If I had to bet my money, I only had $1.00 to bet.
45:34
I would bet my whole dollar on XRP versus Bitcoin.
45:37
Maybe I'd find out the long way. I still believe in
45:39
diversification, let me say that.
45:41
But the Bitcoin did recover right now I think you know,
45:44
Thursday it you did see a pullback 79,000 change, so not
45:49
quite 80,000. No, it's at.
45:50
It's at 80. No, I just checked 79,002
45:54
something was was the chart as of.
45:56
Thursday was like that, but today, Friday, it went hit 80.
46:00
Yeah. Well, anyway, here's the deal.
46:01
My point is that those numbers I think are temporary.
46:04
I do think bitcoins going to rise again, but these I think
46:07
the overall gains are limited. I think it's by the fears of all
46:11
this rapidly escalating US China trade war.
46:14
There's a lot of uncertainty. Crypto prices always move in
46:17
lockstep with broader risk driven markets.
46:20
So the rallies Wednesday evening after Trump announced the tariff
46:24
exemptions. But Bitcoins lagging.
46:27
And I think there's a reason it's lagging.
46:28
You know, my thought is that people, it's still new, smaller
46:32
part of the market, the Bitcoin holder is prohibitively
46:34
expensive for the average investor.
46:37
I saw a lot of buying on the pullback, George, lots of XRP,
46:41
Ethereum, Solana, you know, Ondo, XLMXDCXCN, lots of buying
46:47
when they bottomed out right before Trump's announcements.
46:51
So I think at the same time, people are diversifying because
46:53
they're also worried about these big swings in Bitcoin.
46:56
We're way back from the 109,000 high.
47:00
Now we're below that, you know, set high 70s to low 80s, kind of
47:03
a price range. What do you think?
47:05
I think you're right. Look, Bitcoins, you know,
47:08
everything's been volatile, but you know, I think people,
47:11
especially new people, crypto, they see Bitcoin and they say,
47:14
wow, 8, whatever, let's just say 80,000.
47:16
I can't afford that because I think they, they, they, until
47:21
they fully understand how crypto works, they're thinking like the
47:23
way stock markets work. So, and I'll say it you, if you,
47:29
if you have $500 a $100, you can still buy Bitcoin and own it if
47:32
you want. You can buy any crypto and own
47:33
it. There's no like limit on that if
47:37
it's 90,000 a coin, you can own percentage of it.
47:40
That's how crypto works. But listen, all coins are what
47:45
Dodge coin dodge coin boosted by ETFI mean there's they rallied
47:51
what 6% after their fund manager 21 shares said it applied to a
47:55
list of exchange trade fund tracking the popular mean coin
47:58
in U.S. markets. I mean, look, anything's a goal
48:01
right now, but I will and I'll keep saying this even though
48:05
everything's dipped, even Bitcoin and all that, buying the
48:08
dip if you can. But what's to me, the short, one
48:11
of the few short things, you know, Solana, definitely XRP,
48:14
Solana, even the ADA, they're they're going to do good.
48:18
But besides those contracts you talking about and I hope I don't
48:22
know when are they going to start releasing a couple of
48:24
them. I don't know because again, I
48:26
don't think we have absolute final conclusion on the SECI
48:29
Don't think the final documentation is traded hands.
48:32
I know they they there's been a lot of outward verbal comments,
48:35
but I haven't seen the final, you know, this is over with and
48:37
here's the final document. But you know, the courts move
48:39
slowly and I think they're being hesitant.
48:41
They don't want to over jump the gun and then find out, oh, wait
48:43
a minute, you shouldn't have done that.
48:44
We're not done yet, you know, so I think there's a little
48:47
hesitation on the side of ripple.
48:48
I don't blame them. But you hold on, the short thing
48:51
is like bank banking institutions want to deal with
48:54
XRP and that's a lot because of their security and and measures
48:58
and stuff. Well, I tell you this, the
49:00
Cardano founder which we mentioned, which is ADA Charles
49:03
Hoskinson, just says he thinks Bitcoin could be 250,000 by the
49:06
end of the year. He's talking about improving
49:08
market conditions. A bunch of stuff up to 50. 1000
49:11
a coin by the end of the year. That's what he's saying.
49:14
So that's that's kind of a big jump.
49:16
He's talking about all the legislative clarity.
49:18
Yeah, exactly. Especially around stable goings
49:21
could hold major corporations into the crypto space. the US is
49:25
moving forward with two major bills, the Genius Act in the
49:28
Senate and the Stable Act in the in the House, both of which
49:30
would clear committee stages. According to Hoskinson, these
49:33
developments may encourage the Magnificent 7 tech giants to
49:36
adopt dollar backed digital tokens.
49:39
He's talked about near term uncertainty.
49:42
He's talking about maybe there'll be a minor stall in the
49:44
crypto market, but he doesn't see that over the next 12
49:46
months. I agree with that.
49:48
I don't know if I agree with 250,000, but you're right,
49:51
there's a lot going on. And I think we have to talk
49:53
about even the increase in wallet holdings of XRPXRP is
49:57
moving rapidly. It's it's growing much stronger
50:01
by the minute. It's faced massive sell off
50:03
pressure recently. But that price decline didn't
50:05
dampen confidence. In fact the exact opposite.
50:08
Lots of people are now making sure they have some XRP holdings
50:14
in their wallets across the board now.
50:16
This is a big milestone despite XR PS, you know dip from over 2
50:20
to $2.10 to $1.60 this week. That was a big divergent that
50:25
went down there. Lots of people added to their
50:27
wallets and lots of new new short term, at least short term
50:31
for right now holders increase their wallet positions.
50:34
So I think there's a broader spectrum of XRP holders, which
50:36
is going to add stability and support for XRP.
50:40
The number of wallets with a non 0 balance of XRP is also
50:43
maintaining an upward trend, meaning that it used to be
50:46
wallets with more near 0 balances and now all of a sudden
50:49
they're showing holding balances in XRP and it seems like it's an
50:53
accumulation, not just let's buy a few.
50:56
You know, I think this is really interesting news, George.
51:00
It is. I love XRP, Lance, you said
51:05
250,000 and I'm thinking like my orcas here we come.
51:09
Is that what we're saying it I mean?
51:10
Yeah, my orca exactly. I mean, not my orcas.
51:13
You're using the border border guy's name.
51:15
It's my orca. I mean my orca, so you're like
51:18
you're saying like XRP basically what he's saying it, what he was
51:22
saying is XRP is going to outmaneuver Bitcoin.
51:26
I mean. There's a lot of potential for
51:29
XRP to take off. I mean, Bitcoin is clearly the
51:32
big number with that, with Hutchinson's thinking, 250,000
51:35
of Bitcoin. The point is XRP, when we start
51:37
talking about that, you know, a lot of people are predicting
51:41
that if Bitcoin moves into that hundred 150,000 territory, that
51:44
XRP could be in that hundreds of dollars very quickly.
51:48
We'll have to see. Of course, there's a lot more
51:50
XRP than there is Bitcoin. So it's not easy to predict
51:53
something where there's a lot more available in the market.
51:55
But the the consolidation of XRP by governments, by institutions
52:01
and the acceptance as as a cross-border and a possible
52:05
exchange token that bridges the gap.
52:07
It's a big deal. All right, listen, the crypto
52:09
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52:11
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53:25
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