5 'Serious Issues' That Will Lead To Great Depression 2.0 | Peter Grandich
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- เผยแพร่เมื่อ 28 พ.ค. 2024
- Peter Grandich, Founder of Peter Grandich & Co., discusses the most serious challenges the U.S. economy faces right now, as well as his outlook on the stock market and commodities.
*This video was recorded on April 17, 2024
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Peter Grandich & Co.: petergrandich.com/
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For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:00 - Gold price fundamentals
10:55 - Mining stocks
19:23 - Peter's favorite commodity
21:55 - EVs and copper
23:15 - 5 serious issues
26:55 - Demographic changes
29:41 - Small businesses in America
32:40 - Financial Ark
34:47 - Peter Grandich's advice for young people
#investing #economy #stocks
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What is the best wealth preservation strategy for you? Comment below and don't forget to subscribe!
FOLLOW PETER GRANDICH:
Twitter (@PeterGrandich): twitter.com/PeterGrandich
Peter Grandich & Co.: petergrandich.com/
😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢
Right now i believe it is quite hard with volatility of everything but i have my faith in metals. Also you havent bought your home yet i think buying will be better than waiting for right moment since you never time the market. Buying for investing is a different matter right now advise against it.
4 week treasuries right now but outside of that gold.
looking wild and windswept Peter..like it
Great Interview. What effect do you think environmental issues will have in the longer future?
Peter Grandich puts it well: ”You have grown before my eyes”. I very much agree. I remember you from just a few years back at Kitco, David, and you have really developed to be relaxed, open, curious and deeply professional. You are a brilliant teacher for the audience without ever taking credit for it or standing in the way of your guests. Kudos!
David Lin has turned out to be one of the best in this game.
Every video is worth watching.
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are neck dip on inflation,it is always the poor who take the hit.
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Caroline. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
@@anlatakI'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
Thanks to Mrs Carolina Maria Bravo
She's a licensed broker.
Another great video, thanks! I think the market is over-heated. And I am concerned that people are focusing less on fundamentals and just chanting the mantra of dollar cost averaging and driving the market higher without considering fundamentals. It is a catch-22 for me. I mean I like stock prices going higher but I also hate buying over-priced stocks and ETFs. Personally, I have stopped buying growth ETFs- they are ridiculously over-valued. Dividend stocks and ETFs are a little better but they are still over-valued. There is some hope with small and mid caps. I am not sure they are undervalued but at least they are less over-valued..This pattern offers a valuable insight for strategic planning. Despite these trends, i have delve deeply into active trading and managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Tobias Hawke, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Tobias insights. It's akin to finding a diamond in a coal mine.
Tobias Hawke program is widely available online..
It doesn't matter if you are a current hodler or a newbie, you can capitalize on the fluctuation of bitcoin by trading with good strategy/signals..
Tobias gave me the autonomy I need to learn at my own pace and ask questions when I need to he’s so accommodating.
Not only that Peter is one of your the most genuine guests, but also his advice is phenomenally useful despite being numerically non specific.
8414z
Peter is top notch. Gold is going higher than he thinks. Peter, you were early in miners because our markets are manipulated and distorted. We are heading into a debt crisis. The powers that be will do and have done everything to suppress metals. Gold can go ultimately to 5K-10K.
Agree! If the US increases interest rates - the cost of debt goes up, and the US can not afford to pay the interest on the principal. The US reduces interest rates the debt increases and inflation goes to the moon!
The US has printed and expanded money and credit, they have destroyed production with lockdowns and sanctions and hyperinflation is the path of least resistance. Can the US stick handle around this, slim to no chance and slim is on his horse, ready to leave town!
Top Notch??? 😂😂 Top nothing absolutely nothing.. I prefer Rafi or Mario inneco
@KoDeMondo Peter thinks in Dollars, and Mario and Raffi think in wealth and real value. I save in Gold and Silver; I transact in fiat. Mario is a God send, and he speaks nothing but truth and facts.
20K
True, true and true. Peter suggested BRAU PPP and SUP in the last interview. I believe he is doing his due diligence professionally and will go on and speculate with him.
David's a true GEM. Thanks for having Peter on the channel. We appreciate great interviews👌
Be cautious. This is not gold rally. This is commodities rally. Entering supercycle? Nobody knows. Commodities are driven higher for only one reason: higher usd demand.
Peter is right. Lin is a great interviewer indeed. You have to be technically good to do this job and this guy's got everything dialled in!
Love this guy. So honest. Practical. Sees the big picture.
Did the same 4 years and 3 months ago , heavily in on metal and miners, metal is up 64% today, my average miner is down approx 35% , Barrack, Newmont, Fresnillo , lot of patience needed here. Do enjoy my small producing miners though and watching them develop. 9 more years on my horizon so I am hoping it all goes as expected or I will be a poor pensioner.😂 Great interview David, thank you.
All the miners are diwn?? Y would that be?
David,
If Peter is willing please have him on more often 🙂.
NO THANK YOU... already he started to say gold need a correction is completely false
Retail sales surge 0.7% due to inflation. People are spending more and getting less. I’m not sure why people are not understanding the connection between inflation and retail sales rising. People are trying to spend less but they don’t have options. Those with salary
Absolutely correct! Sales are up not based on demand but based on inflationary
costs. However, you will never hear it reported from the MSM.
Yes sales are up but so are Credit Card company write offs. In the last year each (with exception of American Express) have almost had double the number of people who can't pay the amount owing on their cards. So GDP shows we are booming with sales, and CC Companies have double the number of uncollectible balances. It is the hidden numbers no one is showing us.
Having lived through the 70’s, I see the fundamental difference between then and now is the easy access to credit that everyone has today. No one seems to talk about this but I think it matters.
David Lin, working overtime on a weekend while the rest of us are getting stoned. 😅 Still a good listen, im sure ill listen again! 😊
The big move in PMs will come when fear takes over. We are closer to that moment than anybody thinks.
Yesss im sensing a fomo here too....
Thanks Peter, and great advice at the end. My "dash" would be "he lived within his means, has been debt free, and stayed home to cook his own food (and a few pesos in the bank)"
Great interview and very useful financial and life tips. I often speak to young people here in Australia about the virtues of saving, and they look at me like I'm a complete nutjob and they laugh at me. Here, cool people don't think or talk about money, they just spend it and enjoy. They'll learn one day when the sh*t hits the fan.
I taught my classes about The Millionaire Next Door by Stanley and Danko for more than 20 years. I taught them that there is only one way to wealth, investing, and the media is a brainswashing tool.
I'm an accountant also in Australia. Not only do few people truly understand money, they also do not understand debt. We are living in interesting times.
Western education needs to include finance and social media as compulsory subjects from primary one. Children need to learn about how to build and manage their finances and about debt, and also the dos and don’ts and dangers of social media.
Peter is awesome what a lovely interview
Always love Peter’s interviews
i love his honesty
David, with his all-star group of guests, is knockng it out of the park! keep up the good work.
Peter applies commonsense to the current fiscal situation brilliantly
His opinions are well worth the listen
I’m holding my Gold position for the longer term. I fear the Global fiscal situation, we’re cooked here in the US & it’s only time before a massive fiscal reality check !!
As a Country we are so over extended it borders on ridiculous… if we were managed like a decent business we’d be forced into Bankruptcy very quickly
Everyone with half decent gut feelings knows this is simply fact.
I didn’t see 30 % correction by the end of April as he said last year!
THANK YOU GENTLEMEN!
Peter's a class act. Great interview
Love your interviews with Peter.
Oh no the sky is falling, Davids hair to the rescue
Smart man, great analyst. 👍
Definitely a dynamic duo. Love your conversations.
David is the best! Thank you for the programs!
Great interview with Peter...agree with his thesis. Really like Peter Grandich...a good NY'er and great Philosophizer! -Leslie
Thanks!
One of the best discussions I’ve heard with Peter. You guys covered a lot of ground. Excellent 👍🏼👍🏼
Thank you David and Peter for the intelligent and helpful dialogue.
Peter is so enlightening because his allegiance is to a higher authority
hell have to answer to his sins for shilling penny stocks to elderly folks for exit liquidity... shame
Great interview, thanks
Enjoyed that David thanks. Great questions. Great answers.
✔️😊
Nice guy, sound advice. Thanks David and Peter for a great discussion!
Sir, there are a lot more people from the funniest places on the planet that are interested in what you have to say ❤ thank you for the talk , regards from Serbia
Great job David i have been watching you from Kitco days you are doing great.
What a beautiful soul that Peter is. Awesome and genuine insight so greatly appreciated. Kudos. Be well.
Excellent interview. Thank you.
This was a wonderful interview. Thank you!
Good interview!
Love your program it's honesty and you're reliable . Keep on sharing
Peter is a wise man. Loved the interview. Thanks David
Great interview!
Everyone loves Peter, as long as you didn't follow him into Arizona Metals!
I did and now I live in my car
@@juanreese6933I had to sell my car. And sleeping on a bicycle is really difficult
Good interview and guest. Thanks!
Happy 4/20 David
Im guessing there are few potheads in the financial space, but im here so cheers.
Really a great interview and intelligent conversation 🎉
I been in a resession since I moved out of my parents house in 1997😂
Great interview thanks
Very very good material. Thank you both very much!
Peter is always top notch! A lot of experience and interesting views. Love to listen to him
Great Interview
I agree with the sentiment in this vid David , you do inspire folks , I know you have for me I’ve watched you go out and do what you love and started working for yourself , it’s a very brave step and look at what your hard work has got you so far , keep pushing and I believe your channel will keep growing with you .
What a wise point of view. Enjoyed his interview. Thank you.
Peter has a great dash!!
Very good david lin report
Great interview
Can't think of a better human being to get financial advice from. Thank you David for this interview.....and Peter, thank you for all that you do.
Congress is for sale. On the take. BOTH PARTIES. And Congress mandates the Federal Reserve. What could go wrong?
Modern fiat finance, debts, and deficits corrupts all.
Nothing will go wrong. Just keep printing more $$$$$$$$$$$$$$$$
Hey David! Thanks for a great interview with a true gentleman and no underwear ad. 👍 I'm subbed again. Have a great 4-20 weekend.
So enlightening true wisdom
Good job gentlemen
Great interview David! Thanks
Great work David. Congrats on a successful transition to independence! 🚀🚀🚀
Great discussion!!
Fabulous interview from 2 incredible people.
Great Interview. Keep up the Good work. 🙏
Peter is very Intelligent,
I enjoy listening to him.
My view is Money provides one FREEDOM to do whatever they want when they want! So if you are free from a dumb 9 to 5 job,
Then ABSOLUTELY money provides HAPPINESS!!!
Intelligent?? 😂
Enjoyed hearing Peter's perspective. Hopefully he can come back soon.
Awesome interview, appreciate the levelheadedness and honesty
Thank you Booth
Such important information needed to be reached to average people!!!!
Great last question David! I'm in that camp. Doing everything I can to build a secure financial future. Seems very uncertain though. 😢
Great interview. Thank you.
Excellent interview 👍
what a true to earth starting ,or admiration for the host David . mutual respect play out .
Love this guy.
Saw a meme this morning showing citizens in tents on the street and new arrivals being put up in hotels. Peter is right instability is brewing. This stuff is political dynamite
Great interview with Peter. Thank you.
Peter has a calling. Others don't have a Devine purpose like Peter has.
Civil unrest not in Canada???? What was the Truckers Strike!!
One of the very best 🙏
Thank you guys
Great fair feedback.
Thank You David!
Really good interview - thank you David and Peter!! some hard things to hear but good none the less for hard times we live in!
He said 5 serious issues. I am tracking 14 of those bad boys.
Its the time for speculators now. Peter suggested SUP, PPP and BRAU in the last interview. I still agree with him that these are unbelievably cheap now.
Great show David!!!
Almost 6 million net immigrants gained between 2022 and 2023 and almost 400k of them we invited in via the Parole program. They were able to skip normal immigration avenues to fly here via commercial airlines and immediately given work permits.
Is Solana overbought? ;)
yes!
The gold pullback may not occur. Too many variables. Thx I you Mr Grandich
The lowest the dollar can go is zero so the highest gold can go is infinity dollars an ounce
As a small business owner in a red Southern state. Not a party issue. There is no party that is advocating for the small business owner.
I like this guy he is somewhat politically neutral yet highly intellectual about things, and California terrifies me.