Speaker 1: And as soon as it hit fives, in short order,
it's going to hit seventy five hundred, and then it's
going to hit ten. And we see that happening, We
really do. And again I don't know if it's within
twelve months or a couple of years. But the other
thing that I talked about there is a couple issues. Right,
So the economy, interest rates and then the devaluate the dollars.
It relates to the national debt. I mean, we're as
soon as we hit forty trillion, the dollar is going
to be more debased than ever before. You can't get
out of that much debt. You either have to default
or you have to inflate. You're listening to Carrie.
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie Lutz. Our good friend
Ed sidel is with us now he's freezing up in
the north from this bomb cyclone thing that they came up.
We used to just say, hey, it's really cold out
or it's an arctic chill or whatever. But now it's
a bomb cyclone.
Speaker 1: Well they yeah, well there's.
Speaker 3: A bomb cyclone taking place in the markets now too,
isn't there.
Speaker 1: Yeah? Absolutely, Well, like we were talking about, excuse me,
you know, when you take the dog for a walk
and she doesn't want to go outside and it's minus
eleven without the wind hill, it's just cold, you know,
for us here at all, it's just cold.
Speaker 3: Yeah, yes, it's definitely cold. So the market's pretty cold
now too. But gold and silver have heated up really.
Speaker 1: Well, huh, it really has a p now it's pulled
back obviously. I mean gold was up another two hundred
dollars this morning, and silver was I think it was
approaching I don't know if it actually hit it, but
it was approaching you know, one hundred and twenty an ounce,
and it's since pulled back. Now they're both down. I
think gold is down almost one hundred dollars and silver
is down five or six bucks. But you know, we're
I think we're just seeing a lot of panic buying,
not to say that it's not justified, but a lot
of fomo. If you look at the volume just since
yesterday this morning, it was a multiple of volume compared
to what it was at the close yesterday, so less
than twenty four hours. It's just so I think we'll,
I think, be a little pulled back, but it's going
to ramp right back up again. Yeah, that's what it's
been doing.
Speaker 3: It'll go down for a day, sometimes a matter of hours,
that'll turn red a little bit, and then boom, it's
back and it's back bigger than ever. In fact, it's
already starting to fade. I mean, at one point gold
was down two hundred, silver was down five point fifty.
Speaker 1: Now they're fading. So what is the.
Speaker 3: Gold and silver prices telling us about about the economy,
about the dollar, about inflation and all that good stuff?
Speaker 1: Ed you know when when we look at the So
let's talk about the economy first, all right, So I
think there's three things that come into play here. Our
economy is getting stronger. We're looking at the Atlanta Fed GDP,
it's going to be over five percent. You know, if
we look at durable good orders, they're positive. So the
economy is growing, but when you see excessive growth in
such a short period of time, that's inflationary and wages
can't keep up with that, and so the Federal Reserve
they're not going to lower rates. I mean, honestly, they
legitimately they can't. If if you look at mortgage rates,
the bond market is already telling us that we're really
in an inflationary cycle. So that's number one. Number two
because of the debt, the interest rates, and a lot
of uncertainty, you're seeing central banks all around the world
rebuilding their stockpiles and gold and they're replacing US treasuries
with golden so that's increasing the gold prices silver. You know,
if you look at the ratio of gold is silver, historically,
you know, since the beginning of time, it was ten
to one, so ten ounces of silver equaled one ounce
of gold, and really since the early nineteen hundreds, the
average has been about thirteen to one here in the US.
But if we go back to a year ago, it
was ninety two to one, so it was ninety two
ounces of silver at equal one ounce of gold. Now
it's coming back a little bit more into reality, but
still we believe that silver is still way undervalue. You
go back to what it was last year. Really silver
should be five hundred and fifty dollars an ounce. You know,
we see it hitting over two hundred, and we've been
calling for that since you know, last year, this time
last year, and it's for a whole host of reasons.
Number one, we think it's the value has been held
down artificially. But now we're seeing you know, industrial uses,
you know AI as well as you know these these
data centers and chips and everything else. So it's pushing
the value up as we go through. And I would
not be surprised if in twelve to eighteen months we
don't see it over two hundred dollars an ounce.
Speaker 3: Yeah, I wouldn't be surprised either. Been calling for this
for a while, and there's no surprises here, is there?
Speaker 1: No no? And you know we we were saying too
that gold is going to hit five, and it's as
soon as it hit fives, in short order, it's going
to hit seventy five hundred, and then it's going to
hit ten. And we see that happening, we really do.
And again, I don't know if it's within twelve months
or a couple of years. But the other thing that
I talked about there was a couple issues. Right, So
the economy, interest rates and then the devaluate the dollars.
It relates to the national debt. I mean, we're as
soon as we hit forty tryon, the dollar is going
to be more debased than ever before. You can't get
out of that much debt. You either have to default
or you have to inflate. Those are the only two
ways out of it. And then I think gold is
just going to skyrocket at that point in time.
Speaker 3: Yeah, yeah, there is no way. I mean, the debt
is unsustainable. We've been in this situation for a while.
They've been kicking the can down the road. It doesn't
matter who's in office, they all do exactly the same thing.
Speaker 1: And now the bill's coming due, isn't it. The chickens
are coming home to roost, you know. In it people
are shocked, you know, and I don't know if they're
acting or if they really believe that they're shocked that.
You know, people are upset and central banks are ditching
you know, US treasuries for gold. But when you listen
to the pundits and you listen to d C. They're
either ignoring it or completely discounting it. And and that's
scary in and of itself.
Speaker 3: Yeah, so what do you make of all the war
clouds on the horizon here, the Venezuela's situation, the Cubas situation, Iran.
It's all like coming to a head, isn't it?
Speaker 1: It is and it is unnerving. But I'm trying to
think of it along the lines of the tariff situation.
You know, tactics versus taxes, right, so they it was
a tactic the art of the deal, and you have
to be willing to go through with what you're talking about.
In uh, the Venezuela situation, I think that put everyone
on notice that, hey, you know, we are willing to
do this. But that in and of itself is also unnerving.
You know, So if you are willing to do that,
what is that going to look like going forward? I
think we had to do it. We couldn't have Russian
and China in our backyard. They were already had a
strong foothold. I think we're going to see more things
as it relates to the Panama Canal zone and Cuba. Again,
that's uh, sure, We're that is literally in our backyard,
so I think we're gonna see more geopolitical uncertainty there Greenland.
I'm still anxious to see with the deal that's cut
and the impact that that's going to have and what
that's going to cost you and me and everyone else.
But I think that that's a necessary evil as well.
I do believe that NATO is well, I'm trying to
think of a nice term, but I think it's feckless.
I think it really is nothing other than a cost
center for US. I mean, we're paying all the money
and we're really getting no benefit. I think it is
it's a worthless entity now and going forward. I do
believe that we do need Greenland, not just for national security,
but also for the resources. I'm just glad we're bringing
everything back on shore from prescription meds manufacturing. We have to.
We can't believe in this global society anymore because look
at the situation that it put us in. You know what,
you have to depend on our competitors or our enemies enemies. Yes,
I was trying to think of a better word, but yeah,
our enemies for our medications, our steel are the things
we need to fight the war that didn't make any sense.
So I'm glad we're bringing that manufacturing back on shore.
But it's not going to be an overnight fix. It's
going to take years. Well it took years to do it.
Speaker 3: But the AI revolution seems to really be having an impact,
doesn't it.
Speaker 1: It does? It does, And you look look at ups,
you know, everyone's saying, well, you know, all these jobs
are being replaced by AI. You know, if you look
at the thirty thousand jobs that they're getting rid of,
you know, I think possibly that's part of it. But
I also think that they way over hired during COVID, remember,
you know, couldn't get anything they needed, all the drivers,
everyone was working over time, So I think they're kind
of cleaning house. I'm looking at it as a good
thing as an investor long term for the health of
the company. And they're they're leveraging AI to be more
productive so that you know, the you know, the shareholders
reaped the benefits and the rewards of being a more efficient,
profitable company.
Speaker 3: Hey, Amazon today just announced the sixteen thousand office workers going.
And notice they're not getting rid of the the drivers
and the warehouse people.
Speaker 1: Yeah, absolutely, because they're needed the office people. That's that's
a you know, when when you're paying six figures and
a lot of that you can use leverage and technology
and AI to replace those office workers.
Speaker 3: That just makes sense, totally, totally, and we're seeing it
here right. I mean, it's happening now as we speak. So,
so what do you think is the upshot for for
twenty twenty six?
Speaker 1: Her head? I think from an economic standpoint, from a
market standpoint, it's going to be positive. I think we're
going to see a lot of volatility. My fear is
my concern is right before the midterms, so we're going
to see a correction, and you know, typically what we
see is the the party that's in power, they loses power.
They lose power at the midterm. We've got to do
a better job messaging as far as you know what's
happening the good. Otherwise it's going to be a lame
duck presidency for the last two terms and nothing will
get happen. If we see an impeachment, which I think
probably could happen, that is going to have negative effects
on the economy going forward. So I am thinking positive
for the rest of this year, possibly even double digit
growth again for the markets, but that's as forward looking
as we're seeing right now until after the midterms.
Speaker 3: All right, Ed, Well that's interesting here. Just tell us
where do we find you? How do we connect with
you on the web.
Speaker 1: Yeah, we are at e G. Sifinancial dot com in
our podcast The Retirement Trainer. You can find us on Spotify, Apple,
all the big names so you can, and our YouTube
channel as well, ETSI Financial.
Speaker 3: All right, excellent, appreciate you coming on. Any questions comments
for Ed myself, shoot me an email kl.
Speaker 1: At Carrie let Gold and Silver.
Speaker 3: It'll be interesting to see how high they can go
right now, it's obvious there's a concerted effort to drive
them back into saner territories. We'll see how that works out,
and we'll see how the market responds as well. The
market is liked inflation so much for the past ten
twenty years, unlike the seventies. So as long as you
have economic growth and you have inflation, I guess the
market will figure out a way to deal with it,
right print more money. All right, on that note, take care,
We'll talk to you soon.
Speaker 2: All right, Thanks Gerry, thanks for listening to carry Letz's
Financial Survival Network. Your solution to today's trying times. For
the latest, go to Financial Survivalnetwork dot com. Financial Survival
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