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InvestTalk

07-24-2020: What’s Behind The ‘Perfect Storm’ Causing Silver Prices To Surge?

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Business, News, News Commentary, Entrepreneurship, Investing, Business News

4.41.5K Ratings

🗓️ 24 July 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Much of what’s driving silver also is driving gold — aggressive monetary policy financing.




Today's Stocks & Topics: BSX - Boston Scientific Corp., M - Macy's Inc., SIL - Global X Silver Miners ETF, OHI - Omega Healthcare Investors Inc., TSLA - Tesla Inc., Pension Plan, YETI - YETI Holdings Inc., Hand Sanitisers, GE - General Electric Co., China.




TRIVIA QUESTION: "With regard to LUXURY real estate in New York city-- Manhattan-- WHAT percentage of buildings today constitutes residential CONDOMINIUMS? And, famously, in WHICH YEAR did Dutch settlers purchase the island of Manhattan from local Indians?"




Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold, Silver and Treasury Yields.



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Transcript

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0:00.0

This podcast is produced by KPP Financial, Steve Peasley President,

0:10.4

KPP Financial, Independent Thinking, shared success.

0:15.0

And now today's podcast.

0:17.0

Good afternoon everybody and welcome to Invest Talk. It is Friday, July 24,

0:26.4

2020. Boy, time goes by fast, right? We have five training days left in July.

0:31.9

The first month of the... We have five training days left in July.

0:37.4

First month of the third quarter of the year.

0:40.3

And of course the market continues to be volatile. Another down day today, two down days a row.

0:42.4

We haven't seen one of those in a while

0:44.8

So what does that mean? It may not mean anything yet

0:49.1

And of course the code the effects of the COVID-19 virus is disrupting everything and you know as we

0:56.2

is it spikes in numbers you know we're just gonna to have more volatility. The government, the Democrats and Republicans

1:05.2

are trying to agree on another spending package. Europe's agreed on a big spending package already.

1:10.3

You know, we've already spent, three trillion six trillion what's a trillion dollars here

1:16.5

and there trillion it's hard to fathom I just tell you it's just so but that's what's going on. So in this program this is a this program

1:28.2

tries to bring all that stuff down to earth down to understandability by all of us. Okay, that's what we're trying to do here.

1:36.0

We're trying to provide answers, answers to your financial investment questions.

1:41.0

You know, you need strategies, you want to know how to deal with the volatility, and that's what we're here for.

1:48.0

88899 charters are a number. You can call and ask any question you want, as it's financial and we'll discuss it.

1:55.4

I'm Steve Peasley and here on Invest Talk and at my company KPP Financial based on

1:59.9

everybody in California. We always operate on the same premise, a philosophy of independent

2:06.3

thinking and shared success. Justin Klein and I, our firm is a bit different how, we buy the same things we do for ourselves as we do for our clients at the same time same price we call it parallel investing we've been doing it for years and years

...

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