Latest / Financial Survival Network / Gold Battles the $5,000 Barrier - Jerry Robinson #6371

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Gold Battles the $5,000 Barrier - Jerry Robinson #6371 · Financial Survival Network

0:00
Speaker 1: It's been pretty interesting to see how resilient gold in
0:03
Speaker 1: particular has been. It's still sitting above as we record this.
0:06
Speaker 1: I don't want to date it, but as we record this,
0:09
Speaker 1: gold is still holding that five thousand dollars level. Gold
0:12
Speaker 1: and silver having their moment, I mean, what a moment
0:14
Speaker 1: they've had over the last couple of months.
0:16
Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
0:20
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0:43
Speaker 3: And welcome you are listening to and watching the Financial
0:47
Speaker 3: Survival Network. I'm your host, Carry Lutz and special trade
0:51
Speaker 3: for you today. Someone has been on the show a
0:54
Speaker 3: number of times over the years, uncannily been correct and
0:58
Speaker 3: certainly has been a master strategist as far as the
1:02
Speaker 3: market's concerned. I'm talking about Jerry Robinson. Follow the Money
1:06
Speaker 3: dot com. Jerry, it's great to have you back on
1:08
Speaker 3: the show, and it's overdue. I mean, the recent movement
1:13
Speaker 3: of gold and silver's taken the so called experts by surprise.
1:20
Speaker 1: Indeed, thank you carry for the invite to be here.
1:23
Speaker 1: I appreciate your work. Yeah, gold and silver having their moment,
1:27
Speaker 1: I mean, what a moment they've had over the last
1:29
Speaker 1: couple of months.
1:30
Speaker 3: Yeah, so right now they're hitting some volatility, which is
1:34
Speaker 3: really to be expected. Especially silver. At one hundred and
1:38
Speaker 3: twenty dollars, it literally went straight up parabolic, so there
1:43
Speaker 3: had to be a crash. Fortunately, if you're holding physical,
1:47
Speaker 3: you don't really care. If you're in the paper, then yeah,
1:53
Speaker 3: you know, I'm in both, but out and out I'm
1:56
Speaker 3: a physical bull. But you know, gold it's still like
2:00
Speaker 3: close to fifty five hundred bucks. Where does it all end?
2:05
Speaker 1: Well, it's been pretty interesting to see how resilient gold
2:09
Speaker 1: in particular has been. It's still sitting above as we
2:11
Speaker 1: record this. I don't want to date it, but as
2:13
Speaker 1: we record this, gold is still holding that five thousand
2:16
Speaker 1: dollars level, even though it you know, rallied up to
2:20
Speaker 1: fifty six hundred, pulled back to. In fact, I have
2:24
Speaker 1: a chart.
2:25
Speaker 3: Maybe we should show this. Let's let's go to the videotape.
2:29
Speaker 1: Sounds great, let me pull this up. Yeah, here we go.
2:32
Speaker 1: This is on our website follow themoney dot com slash
2:35
Speaker 1: charts where we can come down and look at some
2:36
Speaker 1: different charts. But let's go to the Gold chart and
2:39
Speaker 1: you'll see here what we were, what we're seeing, and
2:42
Speaker 1: hopefully that's big enough. Can you see that carry as
2:44
Speaker 1: i'd perfect good? Well, you can see here that you
2:47
Speaker 1: know we had we get all the way up at
2:49
Speaker 1: one point to about fifty six hundred. I'm sure many
2:51
Speaker 1: of your listeners and viewers are familiar with that rally
2:56
Speaker 1: that was just so incredibly breathless. The pullback, interestingly brought
3:01
Speaker 1: us back to the rising fifty day moving average, and
3:05
Speaker 1: despite an intra day cross below it, it never closed
3:09
Speaker 1: below it, and so we actually on a daily basis,
3:12
Speaker 1: and so it's held. There was one moment when we
3:15
Speaker 1: came down and found support there again, and so that
3:19
Speaker 1: fifty day moving average really working out well for gold,
3:23
Speaker 1: holding on really well, and we're holding that five thousand
3:27
Speaker 1: dollars now. The thing that has me concerned as far
3:30
Speaker 1: as the near term, not longer term, I'm like you,
3:34
Speaker 1: I think that we are just living in this constant
3:37
Speaker 1: state of debasement, currency debasement. I wrote about it in
3:40
Speaker 1: my book bankruptcy of our nation, which has been around
3:42
Speaker 1: for a long time. All of this stuff is in there,
3:44
Speaker 1: talking about the debasement of fiat currency, the fractional reserve banking,
3:49
Speaker 1: the national debt, all of this stuff. Well, it's all
3:52
Speaker 1: weighing upon the dollar. And of course gold and silver,
3:58
Speaker 1: but particularly gold is a huge beneficiary of poor monetary policies.
4:03
Speaker 1: And this particular chart here kind of tells the story.
4:08
Speaker 1: You'll notice from a technical perspective whenever you are watching
4:13
Speaker 1: a chart, this is a weekly chart, and again maybe
4:16
Speaker 1: a little difficult to see there, but you'll see that
4:18
Speaker 1: there are some long upper wicks that develop on these candlesticks,
4:22
Speaker 1: and no longer that that upper wick is, the more
4:26
Speaker 1: prohibitive that area can be from a technical standpoint as
4:30
Speaker 1: far as overcoming it. So, for example, we hit this peak,
4:34
Speaker 1: let me zoom in just a bit more there. We
4:36
Speaker 1: hit that peak right there at about thirty five hundred
4:40
Speaker 1: back in early twenty twenty five, and you'll notice that
4:42
Speaker 1: we didn't actually get back above it for several months.
4:46
Speaker 1: Something similar here back in early twenty four we had
4:49
Speaker 1: this long wick and then it took us a while,
4:51
Speaker 1: you know, several months to get past it go back
4:55
Speaker 1: to twenty twenty two. We had a long upper wick
4:57
Speaker 1: there and it took us, you know, practically a year
5:01
Speaker 1: and a half maybe even more to get past it.
5:04
Speaker 1: So this is the longest weekly upper wick that we
5:09
Speaker 1: have on the chart, on this chart going back for
5:12
Speaker 1: the last five or six years. And so this one's
5:14
Speaker 1: really long. This one is just going you know, not
5:17
Speaker 1: that we can't just overcome it quickly, but typically it
5:20
Speaker 1: takes some time. So from a technical perspective, you know,
5:25
Speaker 1: my view is that we do have more time to accumulate,
5:29
Speaker 1: if that's what your goal is. I now, whether this
5:34
Speaker 1: is like a twenty eleven rally and they kind of
5:39
Speaker 1: blow off top and then we don't get back there
5:42
Speaker 1: for fifteen years, I'm not of that opinion. Because we
5:47
Speaker 1: are in year Are we still in year one? No,
5:50
Speaker 1: we're in year two of the Trump presidency, right, this
5:52
Speaker 1: is the year two.
5:53
Speaker 3: H So back in January twentieth, there you go.
5:56
Speaker 1: So we just entered year two and so we have,
5:59
Speaker 1: you know, a few more years going into the second
6:04
Speaker 1: Trump term. My thesis was he's like the best president
6:08
Speaker 1: for gold. I mean, can you find a better president
6:10
Speaker 1: for gold? I don't think you can find one. No
6:14
Speaker 1: one really drives up gold like and go back to
6:17
Speaker 1: the first term when Trump was in office, it was
6:19
Speaker 1: great for gold. So the point being is that this
6:24
Speaker 1: because Trump is going to be in office for three
6:26
Speaker 1: more years and I can't imagine the chaos levels going
6:30
Speaker 1: down at all. I can't even imagine what that would
6:32
Speaker 1: look like. This is only a there's a premium built
6:35
Speaker 1: in for Trump.
6:36
Speaker 3: Now.
6:37
Speaker 1: Part of the reason we saw it pull back so much,
6:40
Speaker 1: Carrie was it came on the announcement. And there's arguments
6:43
Speaker 1: about this. It's arguable whether this is the actual reason
6:47
Speaker 1: it came down, But there was a huge announcement when
6:50
Speaker 1: it came down, and that was that Trump had selected
6:53
Speaker 1: Kevin Warsh as the nominee for the Federal Reserved replace
6:57
Speaker 1: chair Jerome Powell. Well, the idea around Worsh was that
7:02
Speaker 1: he was an inflation awk. This is how he's been viewed,
7:05
Speaker 1: this is how he's kind of positioned himself over the years.
7:08
Speaker 1: Also that you know that he was eager to raise
7:10
Speaker 1: interest rates, you know, and so yeah, and so overall,
7:16
Speaker 1: the idea of gold having this, you know, the FED
7:20
Speaker 1: independence being challenged, Worsh seemed like a safe pick. It
7:25
Speaker 1: seemed like he was very Out of all the guys
7:28
Speaker 1: that you could have picked, this guy seemed to have
7:32
Speaker 1: perhaps the most spine. However, if you just scratch the
7:39
Speaker 1: surface a little deeper, you'll find that mister Walsh has
7:41
Speaker 1: really flipped the script over the last year. So as
7:44
Speaker 1: he's gotten closer to Trump's orbit, even more close to
7:47
Speaker 1: Trump's orbit, he's definitely toned down the hawkish language. And
7:52
Speaker 1: I suspect that we'll get at least, you know, three
7:56
Speaker 1: rate cuts out of mister worsh well, three rate cuts
7:59
Speaker 1: this year, let me put it that way. Whether he'll
8:01
Speaker 1: be delivering all of them or whether Powell will do
8:03
Speaker 1: one and he does two, who knows. But I suspect
8:06
Speaker 1: about three rate cuts, And so I think it was
8:08
Speaker 1: overdone on gold. I think there was a premium driving
8:12
Speaker 1: up gold due to the fear of the loss of
8:15
Speaker 1: the independence of the Fed. Warsh seemed to put a
8:19
Speaker 1: band aid on that fear, and so therefore that premium
8:23
Speaker 1: was knocked out of the price of gold. But there's
8:26
Speaker 1: always something else to worry about, as the markets so
8:30
Speaker 1: well know, and so I suspect that we'll find another
8:33
Speaker 1: premium to price into gold, and so that's why I
8:36
Speaker 1: don't think gold is going down the way that some
8:39
Speaker 1: might think it does. It's still if you look at
8:41
Speaker 1: this monthly chart, it's still just going up into the right.
8:44
Speaker 1: So yeah, that's a long upper wick on the monthly
8:47
Speaker 1: chart there, But I don't think it's the end. I'll
8:49
Speaker 1: just put it that way, all right. I see your
8:51
Speaker 1: point and agreed. So what else we got here? We
8:57
Speaker 1: can look Also, you had mentioned silver. Let me come
8:59
Speaker 1: down to the silver charts, their cordon sort of down
9:02
Speaker 1: here a little bit silver obviously got more to the
9:04
Speaker 1: wind knocked out of it. One of the key moving
9:06
Speaker 1: averages that I've watched on silver for years, in addition
9:09
Speaker 1: to the two hundred and the fifty, is the thirty SMA.
9:13
Speaker 1: This just tends to be an area where silver is
9:15
Speaker 1: very sensitive. It'll tend to pivot, be a key pivot point.
9:19
Speaker 1: You'll see how it kind of held up at that
9:21
Speaker 1: thirty SMA right there back in October November. It got
9:24
Speaker 1: tangled up at back, you know, last summer. But we
9:28
Speaker 1: really slice below it in a meaningful way in late December,
9:34
Speaker 1: our late January, I'm sorry, and you can see that
9:37
Speaker 1: the damage up there. I mean we went from one
9:39
Speaker 1: twenty down to sixty four. I want to say, that's
9:43
Speaker 1: like an intro. Yeah, it was nuts, I mean, just
9:47
Speaker 1: incredible decline so quickly. But you know, again, Carrie, you
9:53
Speaker 1: probably can speak to this as well. You could see
9:56
Speaker 1: it coming. I mean, it was clear. I mean I
9:58
Speaker 1: often tell my students think about how you feel whenever
10:02
Speaker 1: you're in one of these moments. I can think back
10:04
Speaker 1: many times of different assets that I would be holding
10:07
Speaker 1: and I would see them going up, and then they
10:09
Speaker 1: would start getting irrational as they were going up, and
10:11
Speaker 1: you begin to feel begin to feel something. And I
10:15
Speaker 1: often tell my students you really pay attention to those
10:18
Speaker 1: things that you begin to feel, because once you start
10:22
Speaker 1: to feel that, once you start to see it. I'm
10:24
Speaker 1: talking about people who have experienced that's just people who
10:26
Speaker 1: you know, they don't know anything about it, but you
10:28
Speaker 1: have some experience, and you've been doing this for a while.
10:31
Speaker 1: When it you know, when you start to feel it
10:33
Speaker 1: and it's really starting to get pretty wild, that's usually
10:37
Speaker 1: a big sun. Every time I've felt that, going back
10:40
Speaker 1: through the years, it's usually been one or two weeks.
10:44
Speaker 1: Oh it's you know, right before the end, you know, uh,
10:47
Speaker 1: and it's usually right around the time when big major
10:51
Speaker 1: outlets like the Wall Street Journal are like it's time
10:53
Speaker 1: to buy silver, you know, or or it'll be a
10:56
Speaker 1: or you know, or they'll be you know, seeing it.
10:58
Speaker 1: It'll be like, it's time to buy gold. How do
10:59
Speaker 1: we buy gold? You know, it's like already up at
11:01
Speaker 1: the you know. So usually you get all you know,
11:04
Speaker 1: the the.
11:05
Speaker 4: The the cab driver's given you advice and you know,
11:09
Speaker 4: we've been here and so so you definitely felt that
11:12
Speaker 4: with silver on the way up, and it got pretty
11:15
Speaker 4: crazy there in January, so we knew we were due for.
11:20
Speaker 1: A pullback this one. I'm not as confident that it's
11:24
Speaker 1: going to get back to a new old time high
11:26
Speaker 1: as quickly as gold, but I do think there's still
11:31
Speaker 1: plenty of upside for silver as well. The industrial demand,
11:35
Speaker 1: you know, case in point.
11:37
Speaker 3: Yeah, so silver is a lot different than it was
11:40
Speaker 3: in twenty eleven and in the nineteen eighty with the
11:44
Speaker 3: Hunt Brothers, right, it's way way different. We've got basically
11:50
Speaker 3: structural shortage, increasing demand on the industrial side, and to
11:57
Speaker 3: some extent, increasing demand on the on the investment side.
12:03
Speaker 3: So you know that it became parabolic. So anytime you
12:08
Speaker 3: see a parabolic move, it doesn't matter what it's in,
12:11
Speaker 3: it's going to get slammed, whether it's bitcoin, whatever, And
12:15
Speaker 3: we're just seeing it now. But the fundamental demand side
12:20
Speaker 3: of silver not.
12:21
Speaker 1: Changing, Yeah, I mean not really. I mean you've got
12:25
Speaker 1: really sustainable investment industrial demand going out for as far
12:29
Speaker 1: as we can see, barring just some sort of black
12:33
Speaker 1: swan event that takes down global demand, which could happen.
12:36
Speaker 1: You know, we need to be prepared for that. That's why,
12:39
Speaker 1: that's why we want to be diversified. You don't put
12:41
Speaker 1: all your money into gold. You don't put all your
12:43
Speaker 1: money into so, you don't put all the money into bitcoin.
12:46
Speaker 1: You spread it out. You got to spread out the
12:47
Speaker 1: weal if you never know what kind of evil will
12:49
Speaker 1: come upon the land. As the old quote says. You know,
12:52
Speaker 1: if you look at silver s and P ratio for example,
12:56
Speaker 1: you know we're not anywhere near where we were back
12:58
Speaker 1: in say twenty eleven. We're still way below it. But
13:02
Speaker 1: you know, for a while there, I think people were
13:04
Speaker 1: starting to give up on silver, right, I mean, silver
13:07
Speaker 1: had just gone so long where you know there were
13:12
Speaker 1: I mean you was looking saying, is this thing going
13:14
Speaker 1: to do anything, and sure enough it came back and
13:16
Speaker 1: played its role in an incredible way. I think that's
13:20
Speaker 1: the other thing important thing to keep in mind about
13:22
Speaker 1: the metals too, is that you know, even though you
13:25
Speaker 1: have that core position that I hold physical gold, physical silver,
13:30
Speaker 1: I call it portfolio insurance. I usually keep you know,
13:34
Speaker 1: ten percent ten to maybe fifteen percent at most in
13:38
Speaker 1: you know, hard assets like that, barring you know, and
13:43
Speaker 1: I consider real estate to be a hard asset as well,
13:45
Speaker 1: but I consider that another bucket. So you know, I
13:47
Speaker 1: have some money in real estate. I got some money
13:49
Speaker 1: in stocks, I got some money in hard assets. I
13:52
Speaker 1: got some money in crypto. I got some money him
13:54
Speaker 1: own businesses and invest in other people's business. So you
13:57
Speaker 1: just got to spread it out. And I think that
13:59
Speaker 1: the danger is for those who just go all in.
14:02
Speaker 1: You know, they watch a video online or they read
14:04
Speaker 1: an article and they say, oh, I just this is
14:06
Speaker 1: a can't lose investment, and then they just put all
14:09
Speaker 1: of it in, all the chips in, and then when
14:11
Speaker 1: that blows up, they think, well, investing doesn't work. I
14:13
Speaker 1: guess I'm not going to invest anymore. Well that's not
14:17
Speaker 1: how it works. You know. We need to be spread out,
14:18
Speaker 1: So for everybody listening, you know, I think that's one
14:21
Speaker 1: of the best things you can do. It's some of
14:23
Speaker 1: the oldest advice out there, but you know, it really
14:25
Speaker 1: is true. You really want to be spread out. Even
14:30
Speaker 1: even if you think that the United States government, you know,
14:34
Speaker 1: is bankrupt like I do. Even if you think that
14:36
Speaker 1: there's no way out for the United States government, there's
14:39
Speaker 1: still always these unknowns that you just can't account for,
14:43
Speaker 1: you know, like AI, like AI perfect example, right, and
14:47
Speaker 1: that was really you know, AI was a huge part
14:51
Speaker 1: of the silver rally because of all the expectations the
14:55
Speaker 1: silver going into data centers already had this huge demand
14:58
Speaker 1: from solar, which is growing, by the way, in every
15:01
Speaker 1: other country except the United States. Actually, the United States
15:04
Speaker 1: is actually doing pretty well. I've been surprised to see
15:06
Speaker 1: many renewable energy stocks actually thriving over the last couple
15:09
Speaker 1: of years, which is kind of interesting. But yeah, you know,
15:14
Speaker 1: definitely we're still seeing the build out of renewable energy
15:16
Speaker 1: all over the world, and that's huge for silver. If
15:20
Speaker 1: we turn to say the S and P or you know,
15:22
Speaker 1: just looking at the broader US stock market, you know,
15:25
Speaker 1: starting to starting to get a little top heavy here,
15:29
Speaker 1: even though the rally is not too terribly old. I mean,
15:34
Speaker 1: if we go back and we see the rally, it
15:36
Speaker 1: really kind of kicks off in the wake of the
15:39
Speaker 1: twenty and twenty two crash. She had that terrible time
15:42
Speaker 1: in twenty twenty two where everything was going down, it
15:45
Speaker 1: seemed like, and then as we enter twenty twenty three
15:48
Speaker 1: and the rate hikes stopped, you know, things like the
15:51
Speaker 1: S and P five hundred, you know, started to go
15:54
Speaker 1: back up, and they've been really trending higher since the
15:57
Speaker 1: end of twenty twenty two, albeit with some pullbacks like
16:01
Speaker 1: the big you know, tariff tantrum that we had back
16:03
Speaker 1: at the beginning of twenty twenty five. But you can
16:07
Speaker 1: see since that time, we hit like forty eight hundred
16:09
Speaker 1: on the S and P back in April, and it's
16:12
Speaker 1: not even a year later and we've already gone up
16:14
Speaker 1: to like seven hundred. So I mean, it's been really
16:16
Speaker 1: an incredible rally, and you can see we broke out
16:19
Speaker 1: above that two hundred day moving average, you know what
16:22
Speaker 1: was that That was like maybe nine months ago or so,
16:25
Speaker 1: not even nine months, So you know, it's not like
16:27
Speaker 1: it's that terribly of an old of an uptrend here
16:31
Speaker 1: kind of got reset there, So we're not I don't
16:34
Speaker 1: view the S and P five hundred or the the
16:36
Speaker 1: overall stock market as do for a you know, getting
16:39
Speaker 1: cut in half again. I think we're I see earnings
16:44
Speaker 1: power really big. Over the last couple of years, the
16:49
Speaker 1: S and P earnings have been just incredible and that's
16:52
Speaker 1: what drives stock prices. We've also had some volatility in
16:56
Speaker 1: the tech space. We've seen software stocks get hit kind
16:59
Speaker 1: of take some valuations down. So overall, as we look
17:03
Speaker 1: to the end of the year, I'm bullish on the
17:07
Speaker 1: broader market indices, the NAS back one hundred, the S
17:10
Speaker 1: and P five hundred, and the weakness that we see.
17:12
Speaker 1: I mean, take a look here at the S and P.
17:14
Speaker 1: I mean, it's still trading above that gold line that's
17:16
Speaker 1: the right rising two hundred day moving average, you know,
17:19
Speaker 1: and zaia break down. Yeah, until you break down below that,
17:23
Speaker 1: I mean, you're you know, you're you're doing pretty pretty fine.
17:26
Speaker 1: If you break down below that, well then you know
17:28
Speaker 1: you might have some some pain a head. But over
17:32
Speaker 1: all again, yeah, you're right. And and for us, I
17:35
Speaker 1: mean the way we approach this is we just DCA
17:38
Speaker 1: so we'll dollar cost average into our favorite stocks, our
17:40
Speaker 1: favorite ETFs, our favorite digital assets, our favorite hard assets,
17:44
Speaker 1: and just just take it all in stride, be patient,
17:48
Speaker 1: let patients have its work, and so S and P
17:52
Speaker 1: five hundred right now, for example, if you look and
17:54
Speaker 1: you look at the internals, you'll see that about sixty
17:56
Speaker 1: seven percent of those stocks in the S and P
17:58
Speaker 1: five hundred are above the two hundred day moving average.
18:01
Speaker 1: That's bullish. So you'll market's still looking pretty darn good
18:05
Speaker 1: right now. And I don't suspect this administration is going
18:09
Speaker 1: to do anything but print. Uh, it's way out of problems.
18:12
Speaker 1: So I don't think they're gonna I don't think they're
18:15
Speaker 1: gonna pay they're not paying off the national debt. They're
18:17
Speaker 1: not going to impose austerity. They're not going you know,
18:20
Speaker 1: they're at least upon the markets. They're going to you know,
18:23
Speaker 1: or upon investors. They're really just goosing the markets as
18:27
Speaker 1: much as they can. And and I think we just
18:31
Speaker 1: hit Dow fifty thousand the other day. Yeah, I saw Trump,
18:35
Speaker 1: you know, made a real big deal about that. President
18:37
Speaker 1: Trump said, hey, look doubt Dow fifty. I think that's
18:40
Speaker 1: that's code you need to realize that you know that
18:43
Speaker 1: that's something that's very important to him. It's part of
18:45
Speaker 1: his legacy. He ties himself to that stock market more
18:48
Speaker 1: than most presidents, and so therefore he's gonna he's going
18:50
Speaker 1: to consider it a personal insult if your stock portfolio
18:55
Speaker 1: starts to go down, He's going to worry about his legacy.
18:57
Speaker 1: So so therefore, in so in some way you have
19:00
Speaker 1: a little bit of extra insulation for your stock portfolio
19:04
Speaker 1: from mister Trump because he does tie it so closely
19:07
Speaker 1: to his legacy.
19:08
Speaker 3: Hey, well, not volatility. We're looking at higher volatility though
19:13
Speaker 3: in the markets.
19:14
Speaker 1: Well sure, I mean it has been threatening to pop
19:17
Speaker 1: up a little bit. I have a chart here we
19:19
Speaker 1: can just look at real quickly volatility. Let me pull
19:23
Speaker 1: this one up here. So volatility sitting in about twenty
19:27
Speaker 1: twenty one or so, you can see that that really
19:30
Speaker 1: big spike in volatility that came back in the tariffs.
19:33
Speaker 1: You know, are we going to have some of these?
19:35
Speaker 3: Absolutely?
19:37
Speaker 1: To me though, again, these volatility spikes, anytime you get
19:41
Speaker 1: above say twenty five on volatility, to me, it's a
19:45
Speaker 1: great time for me. I'm not talking to everybody, but
19:48
Speaker 1: for me, it's a great time. For me to double
19:50
Speaker 1: up my dollar cost averaging or I go a little
19:52
Speaker 1: more because because those moments don't last forever. And so
19:58
Speaker 1: the more scary it feels to me, the more, you know.
20:01
Speaker 3: The more I was in the streets, right, absolutely, absolutely, yeah.
20:06
Speaker 1: And you have to learn it. You have to learn
20:08
Speaker 1: it the hard way. I mean, you know, when I
20:10
Speaker 1: started investing, Carrie, I was you. I was very afraid
20:15
Speaker 1: so many years ago, probably two decades ago. Whenever I
20:17
Speaker 1: really started getting heavily invested and trying to become more
20:22
Speaker 1: of an investor, and I would get shaken out of
20:24
Speaker 1: stuff so easy. I would, you know, I'd see a
20:26
Speaker 1: headline and I'd scurry and sell and you know. And
20:29
Speaker 1: so I've learned over time just to be more callous
20:32
Speaker 1: and to be more to be less reactive, yea, and
20:36
Speaker 1: to really take age. It comes with age. I mean,
20:40
Speaker 1: you've got to take a few blows, You've got to
20:42
Speaker 1: kind of see. And so now when that volatility gets high,
20:46
Speaker 1: whereas in the past, I would be nervous and scared,
20:48
Speaker 1: you know, today I'm like, hey, you know, there's my opportunity.
20:51
Speaker 1: I've been waiting for this. This doesn't happen all the time.
20:54
Speaker 3: Great point. All right, interesting insights here into the markets.
21:00
Speaker 3: We appreciate the tour Jerry, absolutely, yeah, So effectively metals
21:09
Speaker 3: could be getting some resistance. But gold looks like the
21:14
Speaker 3: political economic situation is bullish. Silver took such a hit
21:19
Speaker 3: that it's going to take time to get back, you know,
21:22
Speaker 3: it hit like a false breakout one twenty and then
21:27
Speaker 3: a false crash. It's sixty four. So somewhere in between
21:34
Speaker 3: those two numbers where we are kind of now, maybe
21:37
Speaker 3: between seventy five to ninety five, probably where it's going
21:43
Speaker 3: to be hanging around, there's seventy because to spread on it,
21:47
Speaker 3: the volatility has been so huge.
21:50
Speaker 1: Well, and you can complain about that, huh. I mean
21:52
Speaker 1: you and I talking about seventy five or ninety five
21:55
Speaker 1: dollars silver. I mean too, you know five years ago
21:58
Speaker 1: we be tickled, you know, to hear about it. So
22:00
Speaker 1: it's it's got a bad range to be in.
22:02
Speaker 3: You know, hey, I started buying in the crash of
22:08
Speaker 3: eight oh nine, and it went down, you know, most
22:11
Speaker 3: of my physical cell bust or I forget what it
22:14
Speaker 3: got eight eight to ten to ten bout you. I
22:17
Speaker 3: remember buying that.
22:19
Speaker 1: I remember buying my very first silver piece. It was
22:21
Speaker 1: at a pawn shop, uh, which I don't recommend you
22:25
Speaker 1: buy him a pawn shops. But it was my very
22:28
Speaker 1: first silver piece, and it was like two thousand and
22:31
Speaker 1: three or four, and it was five dollars, you know,
22:34
Speaker 1: it was just a five dollars silver round and that
22:37
Speaker 1: was what the mark that was with the markup, you know,
22:39
Speaker 1: and I thought, good night, how much how time is flown,
22:43
Speaker 1: and how things have changed. You know. It got to
22:45
Speaker 1: one hundred and twenty and I saw it five.
22:47
Speaker 3: It's crazy and it always does the same thing, but
22:51
Speaker 3: this time again there's just not a lot of silver
22:54
Speaker 3: above the ground. Actually, I'm putting together a special silver
22:58
Speaker 3: report called, you know, living the Living, the silver backed Lifestyle.
23:06
Speaker 3: And you know, the fact is back in seventy, I goad, Well,
23:12
Speaker 3: let's go back to when silver was still money. In
23:15
Speaker 3: sixty four, you could buy a gallon of gas for
23:19
Speaker 3: two silver dimes and or maybe twenty five cents. It
23:25
Speaker 3: did go down lower actually in the early seventies. I
23:29
Speaker 3: remember with my father buying gas at Pathmark in New
23:33
Speaker 3: Jersey at nineteen nine and twenty two nine for premium.
23:38
Speaker 3: But now two dimes buys you. I don't have the
23:43
Speaker 3: numbers in front of me, but basically buys you like
23:47
Speaker 3: three or four gallons. So the real purchasing power of silver,
23:51
Speaker 3: even though it's been suppressed and everything else and volatile,
23:55
Speaker 3: has done nothing but go higher. If you look at
23:58
Speaker 3: how many ounces of silver it would take to buy
24:01
Speaker 3: a house in nineteen sixty, it was like eleven or
24:05
Speaker 3: twelve thousand. Now the average house half a million, just
24:10
Speaker 3: call it seventy. It's basically seven thousand ounces or seven
24:16
Speaker 3: hundred ounces rather seven hundred seven thousand. So cost in
24:21
Speaker 3: silver has actually gone down, which means a real purchasing
24:25
Speaker 3: power has gone up, and the goal to silver ratio
24:29
Speaker 3: everything else is kind of wonky. All of that's going
24:32
Speaker 3: to be my report, So just shoot me an email.
24:35
Speaker 3: It'll be on my substack for paid subscribers to get
24:38
Speaker 3: an early early view of it, and a lot of
24:44
Speaker 3: insights in there, you.
24:46
Speaker 1: Know, Carrie, right along those lines. If we have one
24:50
Speaker 1: more minute, let me just show one more chart that
24:53
Speaker 1: relates to that. Not only have we lost that purchasing
24:59
Speaker 1: power in so many ways is immoral. The fact that
25:03
Speaker 1: we have lost so much and for no purpose other
25:08
Speaker 1: than the fact that the government just didn't want to,
25:12
Speaker 1: you know, keep itself within the constraints of normal spending.
25:17
Speaker 1: It wanted to you know, monetize debt, and it wanted
25:21
Speaker 1: just to go on and on. So we've entered up
25:23
Speaker 1: with this destruction and of our of our monetary value,
25:28
Speaker 1: which hurts everybody, you know, kids, women, men, workers, you know,
25:33
Speaker 1: as students. Everybody gets hit. But take a look at
25:36
Speaker 1: this chart from the Economic Policy Institute, which I find
25:39
Speaker 1: so interesting. And we've seen this reiterated so many times
25:43
Speaker 1: over the last couple of years. It was the latest.
25:45
Speaker 1: There was a Wall Street Journal report that came out
25:47
Speaker 1: that's newer than this, that shows even more stark numbers.
25:50
Speaker 1: But this just shows what happened to the growth and
25:54
Speaker 1: productivity I you know, output versus compensation. And you'll notice
26:02
Speaker 1: that that productivity in the country and compensation we're growing
26:05
Speaker 1: at basically the same rate, you know, all the way
26:09
Speaker 1: up until the nineteen early nineteen seventies. And it was
26:13
Speaker 1: at that time whenever the dollar got split from gold
26:17
Speaker 1: and from seven one got untethered, you know, yeah, August fifteenth,
26:21
Speaker 1: he interrupted that Bonanza show, Nixon did and told us
26:25
Speaker 1: about it. But then we see here that they begin
26:28
Speaker 1: to separate, and so you begin to see the compensation
26:32
Speaker 1: is not growing anymore, so your hourly rate, your wages
26:35
Speaker 1: are not growing, but the productivity is going up. So,
26:38
Speaker 1: in other words, the closer that you are, the closer
26:41
Speaker 1: that you are to that printing press, the more money
26:46
Speaker 1: you're making. And the further you weigh or you are
26:48
Speaker 1: from that printing press, the less you're benefiting. So investors
26:52
Speaker 1: are the only way for the little guy to get
26:56
Speaker 1: ahead in this kind of funkymy where we it's quite
27:01
Speaker 1: frankly immoral, is that you have to own assets. And
27:06
Speaker 1: you simply have to own assets because they will go
27:08
Speaker 1: up with the money printer, whereas your wages won't. And
27:11
Speaker 1: people know that. But this is a graphic, you know,
27:14
Speaker 1: this is a graphic proof that shows that it was
27:16
Speaker 1: right at that same time, that nineteen seventy one time
27:19
Speaker 1: period where we saw a lot of things break down,
27:22
Speaker 1: not just our monetary value, you know.
27:26
Speaker 3: Yeah, and you know what average Shad just six pex
27:29
Speaker 3: knows it from the value of his house going up. Yes,
27:34
Speaker 3: absolutely so true, so true. Well where do we find
27:38
Speaker 3: you these days, Jerry? Where is the best place? Carrie?
27:41
Speaker 1: Thank you for having me on followthemoney, dot com, whether
27:44
Speaker 1: people are looking to become better investors, learning how to trade.
27:48
Speaker 1: We have trading software, We do ongoing webcasts for our members,
27:53
Speaker 1: we have a trading software. We've got all kinds of
27:55
Speaker 1: stuff here and lots of free stuff podcasts and articles
27:59
Speaker 1: and things like that at follow the Money dot com.
28:02
Speaker 3: All right, we appreciate that and appreciate you coming on
28:05
Speaker 3: as always. Jerry, questions comments, shoot me an email kl
28:10
Speaker 3: at carrieluts dot com we answer all questions and my
28:15
Speaker 3: site Financial Survival Network dot com. But I totally switched
28:19
Speaker 3: to substack because it's just so much easier managing the
28:25
Speaker 3: whole thing myself, much less outside help needed, and just
28:32
Speaker 3: a very powerful platform. So join fifty five thousand others
28:36
Speaker 3: that are on our substack, and Jerry, we'll talk to
28:40
Speaker 3: you again real soon.
28:41
Speaker 2: Thank you, Kerry, thanks for listening to Carrie Lutz's Financial
28:44
Speaker 2: Survival Network, your solution to today's trying times. For the latest,
28:49
Speaker 2: go to Financial Survivalnetwork dot com. Financial Survival Network now
28:55
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