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Tom welcomes back Tavi Costa, Portfolio Manager at Crescat Capital, to discuss the current state of gold, silver, mining stocks, and broader economic trends. Costa emphasizes that despite technical indicators suggesting overbought conditions in gold, the underlying macroeconomic factors point to continued strength in precious metals. He highlights the role of central banks, particularly in emerging markets like China, Russia, and Turkey, which have been significant buyers of gold. Costa argues that gold's revaluation is driven by global debt imbalances, de-globalization trends, and countries seeking to stabilize their monetary systems. He also explains how higher gold prices can increase the U.S. Treasury’s cash reserves, enabling buybacks of Treasuries without quantitative easing, which he believes will be a critical tool for managing debt. Costa is bullish on mining stocks, noting they are historically undervalued relative to U.S. equities and have outperformed over the past decade. He suggests that

Tom welcomes back David Kranzler of Investment Research Dynamics to the show. Dave discusses his perspectives on various risks that he sees in the current economic and geopolitical landscape. He expresses concerns about the growing federal debt load in the US and the potential implications of the dollar losing its status as the world's reserve currency. Kranzler also touches upon the geopolitical tensions between major powers like China, Russia, and the US, which he believes could lead to significant consequences for the global financial system if cooler heads don't prevail. On a more positive note, Kranzler emphasizes the potential opportunities in the mining sector, specifically gold and silver miners, as these metals continue to perform well during this economic climate. He highlights several companies that he believes have strong potential for growth. He shares his thoughts on the recent M&A activity in the mining industry and the implications of a potential shift towards a gold-backed currency monetar

Tom welcomes back Peter Goodburn from WaveTrack International to discuss his analysis of the financial markets. Goodburn's focus is on Elliott Wave analysis and he believes that the current market environment can be understood as a binary relation to tariffs. If tariffs continue, stock markets will decline, and gold prices will rise. Conversely, if negotiations cool off, the stock market may recover, but gold prices may experience profit-taking sell-offs. Goodburn also shared his perspective on interest rates, suggesting that Treasury yields are heading lower due to the perception of increasing inflation risks. He believes this decrease in yields indicates that a US downturn is likely, although he did not specify a timeframe for when this may occur. The interview also touched upon copper prices, with Goodburn noting that China's position on strategic metals could impact their availability and pricing going forward. As the conversation concludes, Goodburn emphasized the importance of following price leve

In this episode on Palisades Gold Radio, Tom Bodrovics welcomes back Jaime Carrasco. Jaime is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management. Jaime discusses the current economic landscape and the implications for investors. Carrasco emphasizes the importance of understanding the paradigm shift in the monetary system, particularly the role of gold and silver as sound money. Carrasco highlights that the global economy is facing a debt bubble, where each additional dollar of debt fails to stimulate growth, leading instead to social instability. He argues that this situation is similar to what Latin America experienced, with the US now reaching a critical point. Carrasco believes that the current fiat system is imploding, and gold will play a central role in the upcoming reset of the monetary system. He discusses the rise of gold prices across major currencies, noting that this reflects the decline in purchasing power of fiat currencies rather than an increase in

Tom welcomes back Michael Pento, from Pento Portfolio Strategies. The discussion revolves around the current economic landscape, highlighting the Federal Reserve's challenges in balancing inflation control and recession fears. Pento argues that the Fed is constrained by a "Gordian knot" of conflicting mandates, emphasizing its focus on bailing out banks and managing government debt rather than addressing inflation effectively. He critiques the dual mandate of stable prices and full employment, suggesting that employment rates have little bearing on inflation, which stems from fiat currency devaluation. Pento also delves into the impact of tariffs, particularly those imposed by former President Trump, noting their role in exacerbating economic instability. While he acknowledges the intent behind these measures—to rebuild the middle class and reduce trade deficits—the lack of clear planning and frequent changes create uncertainty for businesses. This unpredictability complicates financial decision-making

Tom welcomes back Martin Armstrong from Armstrong Economics to explore current global economic trends, geopolitical tensions, and market reactions. Armstrong discusses how governments worldwide are facing declining trust due to progressive agendas, citing examples like Germany's shift toward far-right parties and Europe's struggles with migration. Armstrong highlights the cyclical nature of political movements, referencing Trump's 2016 victory as a starting point for this global anti-government sentiment. He also touches on free speech restrictions, drawing parallels between historical financial suppression in Europe and today's broader censorship trends. Regarding U.S.-China trade tensions, Armstrong explains that tariffs are often misunderstood, citing historical context from the 1930s to show they don't cause economic collapses but can lead to trade wars. He critiques media coverage for sensationalism, particularly Bloomberg's recent claims about market corrections, arguing these panic-inducing narra

Tom welcomes back Simon Hunt, an expert on global economics, China, and the copper industry. Hunt discusses the escalating tensions between the U.S. and Iran, driven by Trump's tariff policies and geopolitical ambitions. He explains that these tensions could lead to regional conflicts, with significant implications for global markets and supply chains. Hunt also explores the broader shift in global power dynamics, highlighting how nations like China, Russia, and Iran are strengthening ties through organizations like BRICS. He warns that U.S.-China trade disputes, including high tariffs on Chinese goods, are causing severe disruptions to global supply chains and manufacturing sectors. These disruptions are expected to lead to a global economic slowdown or recession. The conversation delves into the potential impact of these developments on financial markets, particularly the value of the dollar, which Hunt suggests may undergo significant changes as countries seek alternative currencies tied to gold. He

Tom welcomes back John Rubino, Former Wall Street Analyst, Author & Substacker for a discussion on the current economic landscape and its implications for investors. Rubino discusses the end of a credit supercycle, highlighting the risks of hyperinflation, deflation, and stagflation due to global fiat currency systems. He emphasizes the importance of real assets like gold, silver, and energy during potential financial chaos. Rubino also addresses the role of energy prices, particularly oil, in driving inflation or deflation. He suggests that lower oil prices could lead to a short-term deflationary period, followed by inflationary pressures as central banks respond with low interest rates. This creates uncertainty but opportunities for resilient investments. The discussion touches on President Trump's policies, including tariffs and reshoring, which could lead to wage inflation and geopolitical tensions. Rubino warns against the risks of negative interest rates and the potential need for a currency reset

Tom welcomes back Tim Price, Director at Price Value Partners. The discussion begins around the importance of filtering information in today's overwhelming media landscape. He suggests turning off legacy media and instead seeking alternative sources like Substack or Twitter for deeper insights. Price warns against over-financialization and the risks it poses to economic stability, advocating for a return to fundamental principles such as value investing and staying within one's zone of competence. He highlights the current geopolitical chaos as a critical moment, noting similarities to past crises like the 1930s. Price critiques Keynesian economics, arguing that treating the economy as a machine fails to account for human behavior. He also discusses the collapse of trust in institutions, particularly after events like Brexit and the Trump presidency, which have led to increased skepticism among voters. Price underscores the role of gold as a reliable store of value during uncertain times, contrasting it

Tom Bodrovics welcomes back J.E.S. to delve into the complexities of the current economic landscape, highlighting several critical issues. JES begins by challenging the notion that rising job numbers indicate economic strength, arguing instead that they may reflect desperation as people are forced to work due to financial hardship and soaring living costs. A significant focus is placed on inflation, which J.E.S. explains has not decreased but rather slowed its growth rate. This distinction is crucial, as it clarifies that inflation remains a persistent problem despite appearances of improvement. Additionally, the discussion touches on the Friedman Lag effect, where interest rate changes take time to influence the economy, and their impacts are now becoming evident in areas like the stock market and debt markets. The conversation also addresses the trap of the debt market, emphasizing the unsustainable levels of personal and national debt. J.E.S. warns that the U.S. could face a default as interest payme

Tom Bodrovics welcomes back Keith Weiner for a discussion on the growing interest in gold as a hedge against economic instability and the risks associated with fiat currencies. Weiner highlighted that while some investors are drawn to gold due to its rising price momentum, others view it as a long-term insurance against the flaws inherent in government-backed money. He explained that governments often borrow without a clear plan to repay, leading to an unsustainable debt situation. This has led individuals and countries to seek alternatives like gold, which is seen as a stable store of value unaffected by monetary policy or political whims. Weiner also touched on the concept of "zombie credit," where corporations struggle to service their debts, particularly in the face of rising interest rates. The conversation delved into the geopolitical implications of de-dollarization and how countries are increasingly recognizing the limitations of relying solely on the US dollar for trade and reserves. Despite ef

Tom Bodrovics welcomes Florian Grummes back to the show to discuss his outlook for silver, gold, and the broader economic landscape. Grummes, a veteran technical trader and analyst, set a target of $50 per ounce for silver by late spring 2025, noting that silver often lags behind gold but tends to surge at the end of a bull market. He highlighted silver's industrial demand, particularly in the solar and electric vehicle sectors, as key drivers for its price appreciation. Grummes also pointed to physical silver shipments from London to New York as a sign of an impending spike. Grummes emphasized the role of macroeconomic factors, including central bank policies and geopolitical tensions, in shaping precious metals markets. He warns that while gold has reached record highs, significant volatility could emerge if stock market corrections deepen. Grummes also touches on the importance of seasonality, suggesting that summer months might see reduced trading activity. Discussing mining stocks, Grummes acknowle

Tom welcomes Jeff Clark back to the show! Jeff is the Founder of TheGoldAdvisor.com and author of the new book "Paydirt.". Jeff discusses the current state of the mining industry. He emphasizes that while gold is in a bull market, mining stocks have lagged behind, creating an opportunity for investors and highlights historical trends where mining stocks eventually outperform gold and expressed optimism about future gains. Clark discussed the financial health of major producers, noting significant increases in earnings and free cash flow due to rising gold prices. This cash influx could lead to increased M&A activity, benefiting juniors and explorers. However, he cautions investors to expect pullbacks in the market and advised maintaining a diversified portfolio with a mix of seniors, developers, and juniors. Jeff also touches on uranium and copper, noting their bullish fundamentals despite recent price corrections. He encourages investors to focus on companies with strong management, favorable jurisdict

Tom Bodrovics welcomes back Professor Vince Lanci, MBA Finance and Publisher of the Goldfix Substack, and all-around nice guy for a discussion into the complexities of gold and silver markets, particularly focusing on shorting positions in ETFs like PSLV and SLV. Lanci explains that these metals are ideal for carry trades due to their indestructible nature, allowing banks to borrow and lease them easily. However, he highlights how increased physical demand, driven by central bank repatriation and tariffs, has strained this system, leading to potential short squeezes. Lanci discusses the differences between gold and silver markets, noting that while gold benefits from central bank backing, silver lacks such support, making it more vulnerable to supply shortages. He connects the rise in lease rates for silver to these market dynamics, suggesting that higher demand and logistical challenges are driving prices upward. Tom also touches on the impact of tariffs, which Lanci believes will further boost preciou

Tom Bodrovics welcomes back Doomberg, head writer for the Doomberg Substack, to discuss a range of topics including Trump's presidency, national debt challenges, energy policy, and global geopolitical dynamics. Doomberg begins by analyzing Donald Trump's first 58 days in office, highlighting his whirlwind pace of executive actions. He notes that Trump is fulfilling many promises but acknowledges the limitations of relying on executive orders, which can be undone by future administrations. Doomberg expresses concern about the long-term effects of policy whiplash on industries with lengthy planning cycles, emphasizing the importance of predictable governance for capital investment. The conversation shifts to the national debt and Treasury Secretary Scott Bessent's challenges in refinancing $6.7 trillion of maturing debt. Doomberg criticizes Janet Yellen's management of the debt maturity curve, comparing it to practices seen in emerging markets before crises. He suggests that Trump's team is navigating a d

Tom welcomes James Anderson back from SDBullion to discuss the significant developments in the precious metals market. James delves into the recent all-time highs for gold at $3,000 per ounce, highlighting its historical significance and the potential implications for investors. Anderson emphasizes that breaking through key price levels like $1,000, $2,000, and now $3,000 is not just a numerical milestone but often signals shifts in market dynamics. He recalls past volatility, such as the 2008 financial crisis when gold prices plummeted before rebounding, illustrating how these events shape investor behavior and market trends. James also touches on the broader economic context, including the role of central banks and the potential for a paradigm shift in asset valuation. Anderson suggests that gold is likely to reassert its dominance over traditional assets like stocks and bonds, driven by factors such as debt levels, inflation, and geopolitical tensions. Silver's recent market dynamics are explored

Tom Bodrovics welcomes back the always forthright Chris Irons host of Quoth the Raven podcast host and author of QTR's Fringe Finance Substack. The conversation covers a wide range of topics, from economic policies to mental well-being. They discuss the inefficiencies of government-run services compared to private sector alternatives, using examples like FedEx versus the Postal Service. They also critique the Federal Reserve's role in managing economic crises, arguing that bailouts have conditioned people to expect comfort without facing necessary consequences. Chris expresses concerns about market bubbles in cryptocurrencies, equities, and real estate, warning of potential cascading effects from options trading, ETFs, and leveraged loans. The duo also discusses the possibility of a significant market crash and its psychological impact on individuals who are conditioned to expect bailouts. The conversation touches on social issues like gender rights, emphasizing the importance of common sense and mod

Craig Hemke from TF Metals Report discusses macroeconomic trends, gold markets, and investment strategies. He emphasizes the importance of central bank demand for gold, driven by geopolitical tensions like Russia's invasion of Ukraine, which has led to record purchases over the past three years. This demand has created a physical floor under the gold market despite rising interest rates and a strong dollar. Hemke also explores the role of the Federal Reserve, noting its significant impact on liquidity and market expectations. He discusses potential quantitative easing measures due to high government spending and deficits, which could further inflate asset prices. The yield curve inversion in 2024 was highlighted as a precursor to economic challenges, with the Fed's policy shifts influencing currency and metals markets. The conversation touches on the complexities of investing in precious metals, particularly silver, which straddles commodity and monetary roles. Hemke warned against passive investments l

Tom welcomes back Matthew Pipenburg from Von Greyerz Gold Switzerland for another thoughtful swap-fest. They began by discussing the ongoing conflict in Ukraine and its impact on military spending, which has diverted resources away from domestic priorities like healthcare and education. They pointed out that many countries are facing significant debt issues, leading to a shift away from the US dollar as the primary reserve currency. This trend has increased interest in gold as an alternative asset for reserves. The role of gold was a key topic, with Matthew noting that while revaluing gold could offer short-term benefits but it wouldn’t resolve the underlying debt crisis. Central banks, especially those in BRICS countries, have been increasing their gold holdings as a strategic reserve, reflecting growing doubts about fiat currencies. Matt criticized high military spending relative to domestic investments in the US, arguing that this imbalance is unsustainable. They also talked about central bank oper

In this podcast episode of Palisades Gold Radio, your host Tom Bodrovics welcomes back Michael Oliver from Momentum Structural Analysis. A length discussion on the outlook for silver and gold, stock market trends, and broader economic factors ensues. Oliver explains his $250 target for silver as realistic, noting historical precedents where silver outperformed gold during bull markets. He highlights the spread between silver and gold, emphasizing that silver could reach 2% of gold’s price, a significant move from its current level of around 1.13%. This would translate to a substantial increase in silver prices if gold rises significantly. Oliver believes gold will lead the way up but notes silver and gold miners may outperform due to their lower valuations relative to gold. He shows charts indicating gold’s strength against the S&P 500, with gold currently at about 45% of the index compared to a peak of 60%. Gold’s momentum remains strong despite minor pullbacks. Oliver warns that the stock mar

Tom welcomes back Chris Rutherglen to take a very deep dive into a few gold charts. Chris is a PhD Scientist/Engineer, Level 3 CFA, and Publisher of the Gold Investor Research Substack. Chris explains how the long-term outlook for gold prices involves several key factors that influence its trajectory over time. One important aspect is the mid-cycle level of gold, which reflects the balance between the amount of gold available above ground and the overall money supply. When the money supply increases, this can raise the mid-cycle level, potentially leading to higher gold prices. Currently, gold is trading above this mid-cycle line, suggesting that a correction downward might be possible in the near term. Chris shows his charts for the debt-to-money supply ratio. Historically, this ratio has remained relatively stable at around 2.5% from the 1920s up until the late 1970s. However, after the financial crisis of 2008, it began to rise and has been declining since then. If this downward trend continues, it c

Tom welcomes back Jan Nieuwenhuijs to explore the dynamics of the global gold market and its implications for global monetary systems. Key topics include the movement of gold from London to Comex, driven by concerns over tariffs and geopolitical shifts. Jan explains that this flow reflects both physical arbitrage and strategic reshuffling of gold reserves, with banks moving gold into the U.S. for potential future use or resale in Asia. The discussion also delves into the lack of transparency around U.S. gold audits, particularly at Fort Knox. Jan highlights issues with the auditing process, noting that compartments have been reopened multiple times without proper justification, raising questions about the integrity of the audits. He argues for an independent audit to ensure accountability and reassurance regarding the nation's gold holdings. Another significant point is the valuation of U.S. gold reserves at $42 per ounce, a relic from the Bretton Woods era aimed at demonetizing gold. Jan suggests that

Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the never ending news cycle. Martin begins by reflecting on the current political landscape, comparing it to the challenges faced during the first Trump administration. Armstrong highlights how President Trump has learned from past mistakes, particularly in assembling a cabinet that is not tied to the "deep state." This shift, Armstrong argues, is crucial for enacting meaningful reforms. The conversation then turns to government waste and corruption, with Armstrong referencing specific examples of misallocated funds, such as support for a transgender opera in Columbia. He emphasizes the importance of transparency and accountability, especially given the staggering levels of debt that governments worldwide are accumulating. Armstrong warns that the current system is unsustainable and that a reckoning is inevitable when buyers for new debt no longer exist. Armstrong also delves into the global reserve currency status of the US

Tom welcomes back Lawrence Lepard from Equity Management Associates to discuss his new book, "The Big Print: What Happened to America and How Sound Money Will Fix It." Lepard explains that the book aims to simplify complex monetary issues for the average reader, highlighting how the broken monetary system has fueled inflation, wealth inequality, and economic dysfunction. Lepard emphasized that the U.S. monetary system began deteriorating with Nixon's abandonment of the gold standard in 1971, leading to persistent inflation and debt accumulation. He argued that sound money — gold, silver, and Bitcoin — is essential to fix these issues. Gold provides stability, while Bitcoin offers a digital solution to scarcity and divisibility, though it is still volatile. The interview explored how inflation affects everyday life, with Lepard noting that the government's reported inflation rates often underestimate real costs. He criticized the Federal Reserve for prioritizing debt servicing over economic fairness,

Tom welcomes back an always interesting guest who dives deeply into various financial topics; John Titus. Several key topics were discussed, including the banking crisis of March 2023, federal debt, central bank independence, and the implications of the Fed's policies. Titus began by revisiting his prediction of the banking crisis, attributing it to the Federal Reserve's quantitative easing program during the pandemic. He explained that this led to a surge in commercial bank deposits, which ultimately caused instability when large deposits were withdrawn from banks like Silicon Valley Bank (SVB). Titus emphasized that these massive deposits, often exceeding $1 billion, were uninsured and posed significant risks when withdrawn rapidly. He discussed how the Fed's actions during the pandemic injected liquidity into non-bank entities, leading to a buildup of deposits in commercial banks. This created a situation where the failure of SVB was inevitable due to the withdrawal of large deposits. Moving on to

Tom welcomes back economist John Williams, the founder of Shadow Government Statistics to discusses the current state of the economy and inflation under the Trump administration. Williams highlights the disconnect between market optimism and underlying economic weakness, emphasizing that while GDP growth appears strong, key indicators like retail sales, industrial production, and housing are lagging or negative year-over-year. He critiques the government's reporting methods, arguing that metrics such as GDP and CPI are manipulated to downplay inflation and inflate economic health. For instance, Williams points out that the consumer price index (CPI) has been redefined since the 1980s to suppress reported inflation rates by about 8 percentage points. This manipulation masks the true cost of living increases, particularly felt in housing costs. Williams also discusses the role of the Federal Reserve, noting its focus on maintaining banking stability over controlling inflation or economic growth. Despite e

Tom welcomes a new guest Eric Yueng to explore the current state of the gold market, focusing on the LBMA's physical delivery delays, the surge in physical gold demand at the COMEX, and the implications for investors. Yueng explains that the London Bullion Market Association (LBMA) has seen significant delays in physical gold deliveries, increasing from T+2 or T+4 to T+30 or even T+60. This has led to a surge in physical gold delivery requests at the COMEX, with volumes reaching 15 times normal levels in December and January, and continuing to rise in February. He attributes this surge to investors seeking physical metal rather than cash-settled contracts, driven by concerns over the LBMA's ability to deliver. Yueng discusses the role of exchange-for-physical (EFP) trading pairs, where arbitrageurs typically profit from price differences between COMEX and LBMA markets. However, the current demand for physical delivery has disrupted this mechanism, potentially leading to a "short squeeze" as those unable

Tom welcomes back Francis Hunt, known as "The Market Sniper," to discuss the importance of understanding various time frames in market analysis, particularly for gold and silver. He emphasizes that being bullish or bearish can vary across short-term, medium-term, and long-term perspectives. Hunt highlights the technical patterns he uses to predict market movements, such as head-and-shoulder setups and falling wedges, which help identify key entry and exit points. Hunt is long-term bullish on gold due to its role as a hedge against debt-based economic collapse. He warns that while gold may experience short-term corrections, it remains a strategic investment for preserving wealth. He advises investors to avoid putting lump sums into the market at current highs and instead use dollar-cost averaging or wait for pullbacks. Francis touches on silver, noting that it has broken out of a significant resistance level but could face volatility. Hunt suggests maintaining a diversified portfolio with a focus on gold

Tom welcomes back Peter Schiff, the CEO and Chief Economist of Euro Pacific Asset Management, Chairman of Schiff Gold, and host of Schiff Radio to the show. Peter discusses inflation, central banking policies, and the implications of stagflation on the economy. He emphasizes that inflation is fundamentally caused by an expansion in the money supply and credit, rather than rising prices alone. Schiff argues that the Federal Reserve's actions, including quantitative easing and low interest rates, have fueled inflation and exacerbated economic instability. Schiff critiques the government's handling of inflation, noting that it often deflects blame onto businesses or labor unions instead of addressing the root causes. He warns that continued deficit spending and debt accumulation will lead to higher inflation and potentially a financial crisis. Schiff also highlights the role of tariffs and trade policies in affecting prices and trade deficits, though he doubts their effectiveness in fundamentally altering

Tom welcomes back Robert Sinn to share his background in precious metals, junior mining, and biotech investing. Robert emphasizes the attractiveness of gold mining equities due to their underappreciated nature and the potential for significant returns. He highlights that the sector is less competitive compared to mainstream stocks like Apple or Microsoft, offering investors an edge through lower competition and fewer institutional players. Sinn structures his portfolio by considering market capitalization and volatility, allocating smaller percentages to high-risk junior miners (e.g., 2-3%) and larger allocations to more stable major miners (e.g., 10%). He prioritizes risk management, focusing on potential losses before profit opportunities. He also advises against holding overly concentrated positions in volatile stocks, suggesting that investors should cap their exposure based on market feedback. He touches on the macroeconomic backdrop, particularly the secular bull market for gold driven by centr

Tom welcomes back David Murrin for a comprehensive analysis of global geopolitical dynamics, economic trends, and historical cycles. He begins by discussing the terminal decline of American power, comparing it to Britain's post-empire struggles in the 1970s. Murrin argues that President Trump's policies, while intended to revitalize the nation, face significant headwinds due to high inflation, debt dynamics, and geopolitical challenges. He warns against the erosion of democratic institutions under Trump's administration, highlighting concerns about executive overreach and constitutional challenges. Murrin contrasts the U.S.'s declining influence with China's rise, noting that while both nations confront internal issues—such as demographic challenges for China and systemic decay for the U.S. China's military advancements and strategic initiatives position it to challenge American hegemony. He expresses concern about potential conflicts in the Middle East, particularly involving Iran, which could escalate

Tom welcomes back Gary Savage, founder of Smart Money Tracker Premium, to discuss the current state and future outlook of gold and silver markets. Savage shares his insights on market cycles, volatility, and how investors can navigate this evolving landscape. Savage begins by highlighting the significance of an eight-year cycle in precious metals, which he believes is nearing its peak. The cycle, which started in October 2022, is expected to reach a parabolic top within two to four years, potentially pushing gold prices as high as $7,000 or even $10,000. While this phase will be volatile, Savage emphasizes that it’s crucial for investors to stay focused on the long-term trend rather than getting distracted by short-term corrections. Silver, according to Savage, is currently suppressed around $33 per ounce due to heavy shorting and manipulation by bullion banks. However, he predicts that once silver breaks through this resistance level, a strong short squeeze could push prices significantly higher, pos

Tom welcomes back Don Durrett, author, investor, and founder of Goldstockdata.com, to discuss the current state of gold, silver, and the broader economic developments. During their conversation, gold reached an all-time high, with spot prices near $2863 and futures above $2900. Silver is trading around $32.26, while the HUI (Hard Rock Miners' Index) stood at 328. The London Bullion Market Association (LBMA) reported delivery delays of four to eight weeks, indicating potential shortages. Lease rates have spiked to five percent, a significant increase from the usual one percent or less. Don suggested this could be due to LBMA supply issues. Don emphasized silver's role as a proxy for gold, particularly during periods of economic uncertainty. He warned of potential shortages in silver, driven by competing demands from investors and industrial fabricators. This could lead to dramatic price increases if a fear trade begins. Despite strong stock market performance, Don expressed concerns about an impend

Tom Bodrovics, welcomes back Jeff Christian, Managing Partner of CPM Group, for a thought-provoking episode. The conversation begins around the far-reaching implications of tariffs on markets, industries, and economies. Tariffs are not one-size-fits-all, with their impact hinging on both the specific country and metal involved. Jeff expresses his disdain for tariffs, citing their detrimental effects on economic activity and inflation. The Smoot-Hawley Tariff Act of 1930 serves as a cautionary tale, illustrating the devastating consequences on imports, exports, and both the US economy and the global marketplace during the Great Depression. The threat of retaliation could trigger a US recession, while gold and silver might experience heightened demand due to market uncertainty. Tariffs involve importers bearing added costs, instigating inflation, complicating international trade, and affecting base metals. Two potential solutions for government funding - Value Added Tax (VAT) and gold-backed bonds - are exam

In this episode on Palisades Gold Radio, Tom Bodrovics welcomes back Jaime Carrasco. Jaime is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management. They discuss the global economic landscape and the significance of gold in today's context. Carrasco expresses his belief that Trump's election and proposed policies could lead to a reset of debt and potential devaluation of US dollars held in treasuries around the world. He emphasizes the importance of understanding history, as previous periods saw significant increases in dividends from gold mining companies during times of monetary instability. Carrasco encourages investors to consider gold as a hedge against inflation, purchasing power loss, and political instability. He also recommends silver mining companies due to their current undervaluation compared to gold. Central banks are increasingly buying gold as a safe haven asset, and Trump's actions are aimed at rebuilding America for Americans, possibly necessitating a full

In this episode of Palisades Gold Radio, Tom Bodrovics welcomes back Kevin Wadsworth and Patrick Karim for a discussion on the probably capital rotation event coming soon to commodities generally and the stock market. They explore evidence suggesting gold's outperformance over key indicators like US money supply, the dollar index, and major indices such as S&P 500, Dow Jones, Nasdaq, and Russell. Kevin and Patrick highlight that significant shifts occur when sectors underperform gold for extended periods (10-15 years), often leading to substantial drops before recovery. They caution Bitcoin holders about potential underperformance during this rotation, a sector historically correlated with tech stocks. The conversation delves into the historical performance of SPX and NASDAQ versus gold, noting tech stocks and Bitcoin's significant drawdowns but eventual recoveries. Yet, these assets often lag behind gold for prolonged periods, resulting in real losses for investors holding them. The charting duo emp

In this Palisades interview, host Tom welcomes Trader Ferg, a full-time trader and author of the Trader Ferg Substack, discussing major narrative pivots in the energy market, focusing on topics like electric vehicles versus plug-in hybrids, net-zero projections, China's policy changes on renewable energy subsidies, battery technology shifts from lithium-ion to sodium-ion batteries, platinum group metals, geopolitical impacts like coal's comeback in Germany, and investment implications. Ferg also delves into the transformative potential of deep learning AI models, expressing excitement about their game-changing impact on technology and markets. Among these innovations, Ferg points to DeepSeek, an open-source AI model that is disrupting the tech industry and challenging major companies like NVIDIA, Microsoft, Google, and Facebook, potentially leading to significant declines in their valuations. Ferg also discusses platinum's unique market dynamics, noting its unpredictable demand and jurisdictional risks,

Tom Bodrovics welcomes back Professor Vince Lanci, MBA Finance and Publisher of the Goldfix Substack, for a discussion on polticis and recent global buying patterns particulary in China. Specifically the significant 'Chinese whale', Zhang Kai Futures. Despite public purchases, China's government has also bought gold clandestinely through other less obvious channels. Goldman Sachs updated projections reveal ongoing gold buying by China, causing market rallies and awareness. Vince explores Exchange for Physicals (EFPs) and premium spreads in bullion banks, discussing tariff anxiety's potential impact on global physical metal flows. The EFP mechanism links London's physical market to New York's financial center, but tariffs may influence production countries and traders' choices. Gold prices are expected to reach new all-time highs soon. Vince touches on tariffs' primary impact on silver in the U.S., as a significant importer compared to its gold production. Furthermore, they discuss America's potential

Tom welcomes back Alasdair Macleod, Head of Research at GoldMoney to discuss his insights into the silver market and its relationship with gold prices. He suggests that despite a seemingly undersupplied market, the price disparity between gold and silver does not reflect this reality. Macleod anticipates a significant shift in investor behavior once patience runs thin among those who have already bought into gold but yet to enter the silver market. The role of foreign investors, particularly central banks, in driving gold prices is highlighted. Macleod also emphasizes the importance of understanding the impact of the ongoing credit bubble on financial markets and encourages listeners to consider reducing their exposure to credit. Alasdair expresses his views on Donald Trump's impact on gold prices, citing increased foreign demand due to Trump's status as an inflationist and his executive orders. However, concerns over tariffs and potential economic repercussions remain. Macleod also touches upon historical

In this episode, Tom Bodrovics welcomes back Bob Coleman during Trump's second term inauguration when markets are closed. Bob discusses significant developments concerning Exchange for Physical Premiums (EFPs) in precious metals markets. The increasing EFP premiums stem from tariff concerns since Trump's campaign days, causing New York futures selling and London physical buying, creating a spread between the spot price and futures price. Trump's rhetoric on fair trade and potential tariffs could impact the 'product of origin', potentially affecting short positions expecting delivery to exchanges and could lead to major losses. Bob also touches upon the lack of retail interest in gold and silver markets despite their proximity to all-time highs due to changing consumer demographics, unregulated industry practices, and misleading sales tactics. He further discusses potential implications of tariffs on precious metals markets and the shift towards physical metal becoming a more price-dominant theme. Additi