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Speaker 1: Welcome to another episode of the Chicks on the Right podcast.

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Today we have our very special guest, the spokesperson from

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Birch Gold, Philip Patrick, with us to talk about what's

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going on in this crazy economy right now, because there's

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the latest inflation report that came as a bit of

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a surprise to a lot of people.

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Speaker 2: What is happening with inflation right now?

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Speaker 3: It is increasing, it is surging, and we sort of

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expected that. Look last month, the Fed cut interest rates

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by half a percent, and the excuse was that the

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cooling labor market was now a bigger risk than inflation,

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so they cut rates. And of course the very next

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inflation report saw core CPI, which is basically inflation outside

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of food and energy, rose three point three percent year

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over year, reversing that the downward trend that we've seen

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at the start of the year. And I think it's

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problematic because by cutting in rest rates, the Fed are

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basically saying that the war on inflation is over mission accomplished,

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and it's clearly not the case. And more concerningly, if

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you delved into the numbers, we start to realize that

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only two categories have actually declined in price over the

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last twelve months, and that's energy commodities, so gasoline and fuel,

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oil and vehicle prices, and that's it. Every other category, food, utilities, insurance,

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home price, everything else is more expensive. So obviously that's

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unwelcome news because it tells us that while inflation is

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no longer sort of blazing hot, it's still smoldering. And

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I think there's a lot of fuel out there to

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see it spark.

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Speaker 4: M yeah, and we're feeling it. So what are the

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what are the inflationary pressures? And then where are they

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coming from?

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Speaker 3: Honestly, there's a lot of different forces that are driving

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prices up, some obvious and some more surprising. I think

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the big one, the elephant in the room, is obviously

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government spending. Right, We've got to remember that federal dollars

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compete for the same resources that our dollars do. So

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Biden's seven trillion dollars in deficit spending is directly contributed

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to higher prices. We have a lot of immigration now,

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a lot of illegal immigration, putting a strain on sort

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of resources competing for food and other things. We have

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wars in the Middle East, right, contributing to higher prices,

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not just in terms of oil prices, but a significant

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surge in international shipping costs, and then we've got other

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things grind demand for AI services, the expansion of credits,

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so we're getting hit from almost every direction. I think

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all of these factors are contributing to an economy where

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American families are just struggling to make ends meet, and

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that's what we're hearing a lot now.

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Speaker 2: Well, yeah, I mean there's like a recent survey that

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said two out of three American households are living paycheck

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to paycheck, and I think everybody worries, like, how much

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worse can this get?

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Speaker 3: I mean, you're absolutely correct, we're feeling it across the board,

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and sadly, I think it could. And you know, I'm

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desperate to come on with some better economic news soon, right,

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but I'm not sure.

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Speaker 5: We're there yet.

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Speaker 3: Look, the problem that we're seeing is tens of millions

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of Americans have been accumulating debt in recent years because

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their paychecks just aren't keeping pace with the cost of living.

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Speaker 5: The report last week said that a record.

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Speaker 3: Number of working Americans are now having to have multiple

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jobs just to keep make ends meet, and people earning

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over one hundred thousand dollars a year in America are

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struggling to make ends meet, which is crazy. Look, what

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I think is becoming increasingly clear is that their the

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US economy is splitting right between the wealthiest households whose

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net worth are invested in assets and every you know,

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who are actually doing quite well at the moment because

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prices are surging up across the board, and of course

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everyone else whose net worth is in their paycheck who

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are getting crushed with sort of rising prices and slower growth.

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Speaker 5: But you know, we have to remember, inflationary pressures push

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all prices up.

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Speaker 3: It's not just food, fuel, but real estate, natural resources,

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and commodities. So I think the key to thriving in

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environments like this is to avoid debt and to preserve

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purchasing power by owning tangible assets that increase with the

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cost of living.

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Speaker 4: Okay, so people that pay attention to Steff know that

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gold resists inflation. Talk about the price of gold lately.

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Speaker 3: Yeah, we're hitting we're hitting highs, right, and it's a

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reflection of inflation and dollar devaluation that we're talking about, right.

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Infation dries the price of commodities up, right, So that

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works for wheat, corn, pork bellies and gold. The difference

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between gold it's an invest it's an investable asset. I

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can't have a million bushels of wheat in my living room.

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Speaker 5: They will sud it's problematic.

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Speaker 3: So we're seeing obviously inflation driving the value of gold

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up and demand. I mean demand is at all time

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highs across central governments for the last two and a

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half years. So look what applies to the big guys,

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it applies to us, right, they have their wealth in

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dollars that they need to use to buy goods for

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their country. It's the same for us. Right on a

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much smaller scale. They're hedging their dollar exposure. They're hedging

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inflation using gold. And you know that's why we're seeing

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all time.

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Speaker 2: Eyes Well, I mean we tell our audience all the

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time that they should be looking to Birch Gold for

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an education first of all, about how to invest in gold,

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why it matters, why it might be a great addition

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to any retirement portfolio. How can people learn more?

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Speaker 3: It's really simple tech text chicks to nine eight nine

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eight nine eight, Chicks to nine eight nine eight nine eight.

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That's going to get them access to free information like

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you said, for us, being informed is like the high part.

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Once people are their decision making becomes easy. So we

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offer free information, no obligation, checks to nine eight nine

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eight nine eight, read it, and then from there, if

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they want to learn more, they can give us a call.

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They'll have access to people like myself who are there

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to sort of guide them through answer questions and step

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by step.

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Speaker 4: Fantastic, Thank you, Philip.

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Speaker 2: It's always so informative to hear from you.

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Speaker 5: Thank you for having me. Guys, it's so much fun.