It's Jimmy Connor, thanks for the positive comment! I don't get those very often. If there are any other guests you would like to see on the channel please let us know.
@@BloorStreetCapitalthank you Jimmy. It’s those types of questions that keep the show interesting for me. The deeper mechanics and why a person is doing what they are doing. I think others would be David Brady (@globalprotrader), Lyn Alden, Michael Green, Luke Gromen and Michael Oliver. Thank you.
It's Jimmy Connor, thanks for the comment/question. EPS and CF are not the best measures for gold producers but given their poor performance I cant imagine that they aren't cheap by those measurements or any other. NEM is down 20% on the year and we are only 2 months into it.
You're not missing anything, Newmont is a shitco and the only thing Barrick has delivered the last couple of years is falling production and increasing costs. Stick with franco and wheaton
Mr. Rule has been making these points for the last few years I have followed him. He never talks about the timing of his buys + sells. Only way he has gotten so rich is buying and selling gold [& gold equity - PM] within a it's cyclical ups and downs. This industry is very volatile, tremendously resources draining and affected by geopolitical moves by politicians. I am stuck with 40%+ looses for some of these companies. I wish he would also preach dangers associated with PM industry.
Do the math: after that 40% dip, how much does it have to go up for you to break even… Rule makes most of his money in very private/hidden corners of the PM sector….not so much from the regular equities available to most… The PM sector is rife with “snake oil salesmen” as much as those found in the cannabis/entertainment/crypto industry: best words to describe - dirty and murky…. Not gonna give you advice here…i myself “cut my leg off” and got rid of most PM equity positions…the industry is horrendous… A bit of physical PMs for “the end of the world” is all that is needed….the rest is all BS, smoke and mirrors…
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Rick has spoken about the perils of junior mining many times in past interviews with me. He has also said that the majority of junior mining companies are just life-style companies and they just steal money.
Those are your investments so if you want to study the dangers then go ahead. Rick Rule is not responsible for your investments. You are. If you bought something because of a recommendation of his then obviously you agreed with his analysis. He doesn’t talk about time because being right matters more than being right at the best time. If you are right then time will be on your side in the long run.
Pretty sure you didn't listen thoroughly: he is pretty clear about volatility, how only about 15% of companies are viable in the sector and that it's hard work to find them. Also his main audience are young professionals. His education program, which he says to be his main enterprise these days, is clearly geared towards full-time resource investors.
A strong economy is a mirage, a facade. The banks are teetering on the edge of an abyss. Political risk is through the roof, if you’ve been paying attention. Freedom just a catchword in America now. But it’s the unknown black swans off in the distance that are approaching with grim determination that are the scariest. And if you haven’t read the Fourth Turning I suggest you do so.
It's Jimmy Connor, thanks for the comment David! You raise some interesting points about the US banking systema and I wonder if there is more to come. Is NYCB the canary in the coal mine?
Excellent discussion gentlemen, thank you very much. I always learn a lot listening to Mr Rule. Five minutes into any discussion with David Rosenberg, Eric Basmajian, Mike Green, Danielle de Martini Booth or Jeff Snider will quickly relieve you of your false 'strong REAL (inflation adjusted) US economy' belief. All these would be great guests to cover true macro. For specialist precious metals and general metals exploration theme, none better than Tavi Costa of Cescat. For uranium, Mike Alkin is the number one guy (please don't waste his time by asking him about the safety aspects of nuclear power, as one other dunce did once). All the best from sunny Sydney, Australia.
I'd like to see Felix Zulauf , Michael Howell, Peter Gandich and Justin Huhn. Topics Commodities markets like Urainum, Gold, Oil, Nat Gas, Marco Economics
It doesn't hurt learning the mantra. It's VERY difficult to be a contrarian in practice and manage your emotions when most of your portfolio is in red....
It's Jimmy Connor, thanks for the comment/question. The one thing I have not heard him say before is that he likes gold but does not see it moving this year and doesn't expect a positive move until 2025.
@@BloorStreetCapital Every interview he does he talks about gold and that he's not interested in gold going to $2200 or $2500 he owns gold for insurance if things go bad. he hopes things dont go bad but if they do that's what his gold holdings are for.
The price of fule has a intervenes link between gold mines and gold production, as you are investing most of your money into burning fule in a tractor, than pulling gold out of the ground. Wars in the middel east dont always help this prosses. But if there's a bank crisis these stocks start looking real nice in less than a few hours.
who likes fishing. I don't like killing fish. Where i grew up we had thousands of lake. I used to like to watch the fish. I did fish but later i just couldn't kill them. they are so beautiful.
No need to kill any animals. We kill 2.7 trillion sea animals every year destroying the ocean eco system yet these 8 billion fish eaters won't stop eating fish... but virtue signal by not using plastic straws.
Rick, you say that we can send you our natural resources portfolio for you to look at but based on my personal experience, this is not true. I sent you my portfolio over a year ago and I'm still waiting to hear from you. If you don’t do what you say you're going to do, why should we trust you?
Just like Interest Rates stayed LOW for 15 years. Interest Rates will stay HIGH for 15+ years. Raising rates is not necessary. Just keeping them at 4-5% for 15 years will do the trick.
Thanks Jimmy and Rick but I have agree with Jimmy in that the gold price is artificially high because of CB buying. Gold stocks tell you everything you need to know.
Some of us have been in the mining stocks for a long time. They have been "cheap" for years. Rick may be elated by the price, but that assumes one can time market bottoms correctly. Most people cannot do that. These markets are managed by the bankers. It is a rigged game. Gold IS money.
Squawk Box is the number one business show in the world. Rick Santelli would be a great guest he knows the markets he's well-known and I think his insight would be pertinent
I have lost tens of thousands in commodity type stocks. It’s a gamble. I don’t want to give up investing but luck plays a part. Sometimes I trade stock options too. You need mad patience to gain from the markets. I ain’t in commodity stocks no thanks.
I want wealthion to interview putin. The going rate is around 1 million for an interview, and we will all know that Adam Taggart and thoughtful money give better interviews.
There is “ALOT” of Geopolitical risk in the world, Ukraine , Israel , potential Middle East regional war , China/Taiwan and a weak US president , an election coming that’s going to create a lot of opposing angry feelings regardless who wins ; all that adds up to higher gold and silver in the near future.
Private business does not get better it looses also quality. Ofcourse if for you " Made in America" is less important compared to " Served and government imposed",.
Oh god he doesn't know when to bugger off into the sunset. The biggest promoter on the web. But only promotes his pals. Pay your way Rick equal to the amount of money you have instead of hiding from it. Joke.
@@BloorStreetCapital I'd like to hear people who aren't smug and think it's funny that they've been telling people for 3yrs it's going up but now it's not sucked in I get to buy it cheaper. This guy needs a serious humbling.
It's Jimmy Connor, thanks for the comment Bob and for taking the time to view our content! I am with you however, I am surprised it's not above $100 given what's happening in the world.
How many Americans know or care about lets say the difference between white and brown eggs? Even not mentioned from heans and their keeping standard behind!
Different times now ,gold silver are old stuff and don’t work anymore,moreover JPMorgan rules the world whit its paper derivatives contracts dumping again and again
It's Jimmy Connor, thanks for the comment! I agree in that it doesn't have the significance it did 10 r 20 years ago but I think it still deserves a spot in the portfolio (physical and some quality producers and royalties).
You can only write so many bad checks before someone wants to cash them. One day people could wake up and realize they don't need a goverment running there life or spending all there time and money just to lie to them.
OH YES, ONE OF THESE DAYS JANET YELLEN WOULD PUT OUT A BUNCH OF BILLS, NOTES AND BONDS AND FIND SHE HAS NO BIDS FOR ANY OF THOSE - SORT OF DAY OF ENLIGHTENMENT FOR USA...
Us milliary dose. In 1976 the FPA determined that the Nation's silver stockpile of 139.5 million troy ounces exceeds national defense requirements. During ww2 they had to do a nation wide collection.
It's Jimmy Connor, thanks for the comment/question Andrew. I suggested that CBs are holding up the gold price not Rick. IMO, the stocks are reflecting the true value of gold which is below $2000. Rick is bullish on silver but I'm not.
@@BloorStreetCapital I would argue that the true value of gold is the price at which it's trading. I would also argue that with CB purchases driving the gold market, the concept of a gold/silver ratio is dead.
This is a pointless discussion as nothing is going to change and IF ther is a crash everything is then over and done this is just all guess work about nothing
I believe true inflation is 11%. I am trying to beat 11% so as to beat the debasement of the currency. The debasement must pick up due to the current national debt situation. This is why 8% gold isn't high enough. You are still going backwards.
It's Jimmy Connor, thanks for the comment Brian and for taking the time to view our content! I agree 100%! Inflation is much higher then the gov purports and when you factor inflation into your inflation decisions it is almost impossible to beat it.
I have heard ,these things for few years , Silver to $ 3000.00 Gold ,$ 30,000.00 all nonsense, nothing come through .all talk With out any base and logics . 😊
SCHEDULE YOUR FREE PORTFOLIO REVIEW with Wealthion's endorsed financial advisors at www.wealthion.com.
😂😂.
Scared of 2008 events 😂😂.
Wait for the Marie Antoinette guillotine based justice events.
Rick Rule is the the best of the best. Thanks for the video!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! He is a fan fav!
I love the hosts probing questions that get Rick to keep divulging more info. Good job.
It's Jimmy Connor, thanks for the positive comment! I don't get those very often. If there are any other guests you would like to see on the channel please let us know.
@@BloorStreetCapitalthank you Jimmy. It’s those types of questions that keep the show interesting for me. The deeper mechanics and why a person is doing what they are doing. I think others would be David Brady (@globalprotrader), Lyn Alden, Michael Green, Luke Gromen and Michael Oliver. Thank you.
Made me smile James... If inflation is reported at 4% I just round it to 8% ...
Classic , but true 👌
Ha, thanks for the comment and happy I made you smile. I actually think inflation is running at 10% plus and if oil rips look out!
100% this inflation is destroying the American dream and I would argue 8% is low.
Love Rick Rule!!
Thank you or having him on!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! We will get him back for sure!
When I look at Barrick and Newmont superficially, I don't see that they are cheap relative to earnings or free cash flow. What am I missing? Thanks!
It's Jimmy Connor, thanks for the comment/question. EPS and CF are not the best measures for gold producers but given their poor performance I cant imagine that they aren't cheap by those measurements or any other. NEM is down 20% on the year and we are only 2 months into it.
@@BloorStreetCapital, energy price is the key
In my view they are reasonably priced but definitely not cheap.
You're not missing anything, Newmont is a shitco and the only thing Barrick has delivered the last couple of years is falling production and increasing costs. Stick with franco and wheaton
One of the VERY INVESTMENT LEGENDS of our time. Thank you.
It's Jimmy Connor, thanks for the comment and taking the time to view our content! He is one of the best!
Mr. Rule has been making these points for the last few years I have followed him. He never talks about the timing of his buys + sells. Only way he has gotten so rich is buying and selling gold [& gold equity - PM] within a it's cyclical ups and downs. This industry is very volatile, tremendously resources draining and affected by geopolitical moves by politicians. I am stuck with 40%+ looses for some of these companies. I wish he would also preach dangers associated with PM industry.
Do the math: after that 40% dip, how much does it have to go up for you to break even…
Rule makes most of his money in very private/hidden corners of the PM sector….not so much from the regular equities available to most…
The PM sector is rife with “snake oil salesmen” as much as those found in the cannabis/entertainment/crypto industry: best words to describe - dirty and murky….
Not gonna give you advice here…i myself “cut my leg off” and got rid of most PM equity positions…the industry is horrendous…
A bit of physical PMs for “the end of the world” is all that is needed….the rest is all BS, smoke and mirrors…
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Rick has spoken about the perils of junior mining many times in past interviews with me. He has also said that the majority of junior mining companies are just life-style companies and they just steal money.
Those are your investments so if you want to study the dangers then go ahead. Rick Rule is not responsible for your investments. You are. If you bought something because of a recommendation of his then obviously you agreed with his analysis. He doesn’t talk about time because being right matters more than being right at the best time. If you are right then time will be on your side in the long run.
Do your home work
Pretty sure you didn't listen thoroughly: he is pretty clear about volatility, how only about 15% of companies are viable in the sector and that it's hard work to find them. Also his main audience are young professionals. His education program, which he says to be his main enterprise these days, is clearly geared towards full-time resource investors.
Thanks Rick, so great to hear from you!
It's Jimmy Connor, thanks for the comment and taking the time to view our content!
A strong economy is a mirage, a facade. The banks are teetering on the edge of an abyss. Political risk is through the roof, if you’ve been paying attention. Freedom just a catchword in America now. But it’s the unknown black swans off in the distance that are approaching with grim determination that are the scariest.
And if you haven’t read the Fourth Turning I suggest you do so.
It's Jimmy Connor, thanks for the comment David! You raise some interesting points about the US banking systema and I wonder if there is more to come. Is NYCB the canary in the coal mine?
Excellent discussion gentlemen, thank you very much. I always learn a lot listening to Mr Rule.
Five minutes into any discussion with David Rosenberg, Eric Basmajian, Mike Green, Danielle de Martini Booth or Jeff Snider will quickly relieve you of your false 'strong REAL (inflation adjusted) US economy' belief. All these would be great guests to cover true macro. For specialist precious metals and general metals exploration theme, none better than Tavi Costa of Cescat. For uranium, Mike Alkin is the number one guy (please don't waste his time by asking him about the safety aspects of nuclear power, as one other dunce did once).
All the best from sunny Sydney, Australia.
It's Jimmy Connor, thanks for the comment and suggestions Frank!
precious interview as always with Mr Rick rule. Thank you for sharing!
Rick, we so much appreciate your very interesting assessments!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Very informative,which I appreciate.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Thank you very much...
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Excellent discussion
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Gold did not take off in 1975, Dec 1974 was a market high, and gold took off in August-1976, 20 months later.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
I'd like to see Felix Zulauf , Michael Howell, Peter Gandich and Justin Huhn.
Topics Commodities markets like Urainum, Gold, Oil, Nat Gas, Marco Economics
It's Jimmy Connor, thanks for the comment and for the suggestions!
@@BloorStreetCapitalYou're Welcome. I'm subscribed to your channel too. Great content keep up the good work.
Would love to see Felix. He's a little outlandish at times but I would like to hear what he is saying about this raging bull.
Thank you!
Great video!!!
Does Rick say anything new here to his last 50 interviews?
No. Except Rick says he wants to move.
It doesn't hurt learning the mantra. It's VERY difficult to be a contrarian in practice and manage your emotions when most of your portfolio is in red....
@@chrisdowns422yeah cause he refuses to pay tax.
Oh and he's stepped out his gold to the moon by another year. 😂😂😂
It's Jimmy Connor, thanks for the comment/question. The one thing I have not heard him say before is that he likes gold but does not see it moving this year and doesn't expect a positive move until 2025.
@@BloorStreetCapital Every interview he does he talks about gold and that he's not interested in gold going to $2200 or $2500 he owns gold for insurance if things go bad. he hopes things dont go bad but if they do that's what his gold holdings are for.
Rick is awesome!!!
My favourite oil stocks at the moment are i3E and BP. Good luck everyone!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
David Rosenberg. No Harry Dent please.
It's Jimmy Connor, thanks for the comment and suggestion! We will work on David and keep you posted!
The price of fule has a intervenes link between gold mines and gold production, as you are investing most of your money into burning fule in a tractor, than pulling gold out of the ground. Wars in the middel east dont always help this prosses. But if there's a bank crisis these stocks start looking real nice in less than a few hours.
It's Jimmy Connor, thanks for the comment Aaron and for taking the time to view our content!
Rick Rule is Brilliant as Always Brilliant information 👍👍👍👍👍
As a suggestion - Melody Wright - deserves another episode.
It's Jimmy Connor, thanks for the comment and suggestion. I will discuss it with the team!
RR/SPROTT lost me THOUSANDS...Forgot to read between the lines; "*Investments may lose value."
I would love to see an interview with Sir Steven Wilkinson.
Were is Adam????? Adam is the BEST 👍👍👍👍👍
It's Jimmy Connor, thanks for the comment/question Roger but I'm not sure who you are referring to.
He left Wealthion. Launched out on his own. Thoughtful Money.
@@candacelenz2019 this is strange because Adam started Wealthion . Unless he sold the site to someone else
@@rogerburn5132 he was the idea/creator behind wealthion and CEO, but not the actual owner. Now he has both , he owns and controls his new program.
The best thing Wealthion did was get rid of Adam. He likes to hear himself pontificate about the market.
Microsoft, google, and Amazon didn’t just pop out of some garage with some pimply faced kids but that’s what they would like for you to believe
Yeah, agreed.
That would be great. An interview on a fishing trip in BC
It's Jimmy Connor, thanks for the comment! I agree, providing the water is not too rough.
ha yeh wud love to see that
who likes fishing. I don't like killing fish. Where i grew up we had thousands of lake. I used to like to watch the fish. I did fish but later i just couldn't kill them. they are so beautiful.
No need to kill any animals. We kill 2.7 trillion sea animals every year destroying the ocean eco system yet these 8 billion fish eaters won't stop eating fish... but virtue signal by not using plastic straws.
Please do not fish then let them go. Not only dies it give them a huge fright but often injures them so they die anyways
Why use gold when we have $?
how about moving to argentina some day.
I would love to! An amazing country with an amazing culture!
I thought aboit it . Even if you rent an Apt. for $250 a month and use it a a second home while you scope out all the options. Food is cheep as well.
@@PeterErikson-rd5tj And beautiful scenery!
Rick, you say that we can send you our natural resources portfolio for you to look at but based on my personal experience, this is not true. I sent you my portfolio over a year ago and I'm still waiting to hear from you. If you don’t do what you say you're going to do, why should we trust you?
yeh me too
It's Jimmy Connor, thanks for the comment! I will bring this to his attention.
Rick Rule rules,
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Yes he does!
Rick Rule has a powerful weapon::Long term vision¡¡
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Just like Interest Rates stayed LOW for 15 years. Interest Rates will stay HIGH for 15+ years. Raising rates is not necessary. Just keeping them at 4-5% for 15 years will do the trick.
In 2020 I bought 5 random companies and keep averaging down in them. I just hope one day Mr rule is right
It's Jimmy Connor, thanks for the comment Peter! What companies did you buy?
Hi Jimmy, longtime no see. Go fuck yourself. All the best, peter
Thanks Jimmy and Rick but I have agree with Jimmy in that the gold price is artificially high because of CB buying. Gold stocks tell you everything you need to know.
that is calling inflation with a sexy name quantitative
....and look at the economy Now!
Some of us have been in the mining stocks for a long time. They have been "cheap" for years. Rick may be elated by the price, but that assumes one can time market bottoms correctly. Most people cannot do that. These markets are managed by the bankers. It is a rigged game. Gold IS money.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Agreed, gold is money!
Brilliant idea; include our taxes to the CPI. As the government spends irresponsibly like an addict; our taxes will increase dramatically…
Squawk Box is the number one business show in the world. Rick Santelli would be a great guest he knows the markets he's well-known and I think his insight would be pertinent
Uranium 🤣🤣🤣🤣🤣
How many of you have gone BROKE listening to these old people talking about gold and all the old stuff?
recently uranium has done well.
Exactly
I (almost) only invest in companies that have actual $$$ earnings. It takes much longer to go broke that way.
I have lost tens of thousands in commodity type stocks. It’s a gamble. I don’t want to give up investing but luck plays a part. Sometimes I trade stock options too. You need mad patience to gain from the markets. I ain’t in commodity stocks no thanks.
@@kludgedude Boom!
Out of control spending is why the eCONomy appears to be doing well
It's Jimmy Connor, thanks for the comment and great point! It's amazing what you can accomplish with a few trillion.
when does it mention silver is the new uranium.
90% physical 10% spec miners
Bring Lyn Alden on your show
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I would love to chat with Lyn!
For a future guest I recommend a fellow by the name of Adam T. 😢
It's Jimmy Connor, thanks for the comment and taking the time to view our content! Apologies but Adam who?
I want wealthion to interview putin. The going rate is around 1 million for an interview, and we will all know that Adam Taggart and thoughtful money give better interviews.
It's Jimmy Connor, thanks for the comment and suggestions David.
There is “ALOT” of Geopolitical risk in the world, Ukraine , Israel , potential Middle East regional war , China/Taiwan and a weak US president , an election coming that’s going to create a lot of opposing angry feelings regardless who wins ; all that adds up to higher gold and silver in the near future.
economies that have inflation isn't a great economy.
You will always have inflation it's just a matter of how much. We complain about inflation at 5 or 10% but check out Turkey or Argentina.
Private business does not get better it looses also quality. Ofcourse if for you " Made in America" is less important compared to " Served and government imposed",.
rick has made his easy money in uranium now e is in silver so talking silver up now .
It's Jimmy Connor, thanks for the comment John and for taking the time to view our content!
Wow rick is special powerful! 🙄
Greg Manarino needs an interview
Nah he’s a clown
why don't you move to puerto rico
People are more interested in pancake coin meaning that his thesis is out the window.
Oh god he doesn't know when to bugger off into the sunset. The biggest promoter on the web. But only promotes his pals.
Pay your way Rick equal to the amount of money you have instead of hiding from it.
Joke.
It's Jimmy Connor, thanks for the comment. Please let us know who else you would like to hear from.
@@BloorStreetCapital I'd like to hear people who aren't smug and think it's funny that they've been telling people for 3yrs it's going up but now it's not sucked in I get to buy it cheaper.
This guy needs a serious humbling.
I am Betting on OIL
It's Jimmy Connor, thanks for the comment Bob and for taking the time to view our content! I am with you however, I am surprised it's not above $100 given what's happening in the world.
How many Americans know or care about lets say the difference between white and brown eggs? Even not mentioned from heans and their keeping standard behind!
Different times now ,gold silver are old stuff and don’t work anymore,moreover JPMorgan rules the world whit its paper derivatives contracts dumping again and again
It's beginning to look like that yes, greetings from belgium
It's Jimmy Connor, thanks for the comment! I agree in that it doesn't have the significance it did 10 r 20 years ago but I think it still deserves a spot in the portfolio (physical and some quality producers and royalties).
You can only write so many bad checks before someone wants to cash them. One day people could wake up and realize they don't need a goverment running there life or spending all there time and money just to lie to them.
old stuff? its the only thing people will trust when shit hits the fan… All other financial assets can go to 0 and eventually will…
Richard Duncan on AI
It's Jimmy Connor, thanks for the comment and suggestion David!
OH YES, ONE OF THESE DAYS JANET YELLEN WOULD PUT OUT A BUNCH OF BILLS, NOTES AND BONDS AND FIND SHE HAS NO BIDS FOR ANY OF THOSE - SORT OF DAY OF ENLIGHTENMENT FOR USA...
Rick saving this entire interview with a scathing and factual analysis of how useless the CPI is! US economy is not 'doing well'
Not hedonistically rather hedontically...
If gold is propped up by central bank buying, why would silver follow? Central banks don't buy silver.
Us milliary dose.
In 1976 the FPA determined that the Nation's silver stockpile of 139.5 million troy ounces exceeds national defense requirements.
During ww2 they had to do a nation wide collection.
It's Jimmy Connor, thanks for the comment/question Andrew. I suggested that CBs are holding up the gold price not Rick. IMO, the stocks are reflecting the true value of gold which is below $2000. Rick is bullish on silver but I'm not.
@@BloorStreetCapital I would argue that the true value of gold is the price at which it's trading. I would also argue that with CB purchases driving the gold market, the concept of a gold/silver ratio is dead.
This is a pointless discussion as nothing is going to change and IF ther is a crash everything is then over and done this is just all guess work about nothing
RICK RULES!.
He's Da Man!
I've been hearing this for years. Crypto is swallowing up the precious metals market bc of its speed of use and value transfer superiority.
It's Jimmy Connor, thanks for the comment and taking the time to view our content! No one can argue your point. Bitcoin has crushed gold.
I believe true inflation is 11%. I am trying to beat 11% so as to beat the debasement of the currency. The debasement must pick up due to the current national debt situation. This is why 8% gold isn't high enough. You are still going backwards.
It's Jimmy Connor, thanks for the comment Brian and for taking the time to view our content! I agree 100%! Inflation is much higher then the gov purports and when you factor inflation into your inflation decisions it is almost impossible to beat it.
Rafi farber, Mario Maneco64,
I call BS. Gold is Not volatile and is not nor ever has it made exceptional ROI.
He had me until he mentioned silver.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
World’s richest draft dodger. Care to refute?
I have heard ,these things for few years ,
Silver to $ 3000.00
Gold ,$ 30,000.00 all nonsense, nothing come through .all talk
With out any base and logics . 😊
How does rick think $20/hr is 'a stupendous wage'? Rick too wrapped up in his own importance.
Get Adam Tagert back on the show or else I am going to do something very bad
He has his own channel now, Thoughtful Money.
It's Jimmy Connor, thanks for the comment and taking the time to view our content!
Adam's a short. Glad he's gone. Would never let the guest speak.
I like the guy but he was always too bearish for me.
What will you do?
The problem is that PM's keep going down while Bitcoin keep going up
It's Jimmy Connor, thanks for the comment! So true! What's your take on this? Why do PMs go down and BTC up?