Gold Is Thriving, but Silver Needs a Recession

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 7 August 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Stansberry Investor Hour, Dan and Corey are joined by Patrick Yip, director of business development at the American Precious Metals Exchange ("APMEX"). Dan and Corey kick off the podcast by discussing the latest news surrounding their skepticism of the U.S.'s credit downgrade and discuss the recent jobs report and the implications of unemployment levels reaching a historic low. (00:43)

Then, Patrick joins the conversation to talk about the silver and gold markets and their respective prices. He notes that there's almost a lack of interest in precious metals right now, which has led to them being undervalued. Patrick believes that a recession would give them the chance to appreciate significantly in the coming years. (19:40)

With regards to the role of the U.S. dollar as a global reserve currency, Patrick raises concerns about the dollar being weaponized for political agendas. This would prompt investors to seek refuge in gold and silver. Yip also delves into the nuances of choosing between coins, bars, and rounds in the precious metals market. And he offers practical advice for investors based on their individual preferences and investment goals. (38:46)

Then, Dan asks Patrick about the idea of minting a trillion-dollar platinum coin as a way to avert the debt ceiling... To hear Patrick's opinion on whether this proposal would work and what would happen to the price of precious metals if the government were to mint such a coin, check out today's podcast. (52:40)

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Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value and the Ferris Report, both published by Stansberry Research. And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today, Dan interviews Patrick Yiff, Director of Business Development at AftMex. But first, Corey and I will talk about the U.S. government debt downgrade and 54-year low unemployment.
0:26.9	And remember, if you want to tell us what's on your mind or ask us a question, email us at
0:31.1	Feedback at InvestorHour.com.
0:33.5	That and more right now on the Stansbury Investor Hour.
0:42.0	Okay. That and more right now on the Stansberry Investor Hour. The pitch thing is a joke.
0:44.8	Fitch ratings downgrading the U.S.
0:47.1	government's debt is kind of a joke, no?
0:51.5	I mean,
0:52.8	they're saying what everybody has has known, I suppose, if that's the joke.
0:59.0	Sure.
1:00.0	Well, yeah, but the joke, of course, is that they're supposed to be rating the creditworthiness,
1:05.0	and they're saying that there's any chance in the world that the printer of the world's reserve
1:13.2	currency might not pay its debts.
1:16.4	It's like they're giving credence to this idea of these debt ceiling things where,
1:20.2	oh, we're going to default on the debt.
1:21.6	Like that will ever be allowed to happen.
1:24.2	It's pure kabuki.
1:26.2	I think this holds,
1:27.1	I think if there's any credibility or credence or
1:30.8	anything to Fitch, which is like, you know, Fitch is like the third tier, you know, they're not exactly
1:38.6	the big boys in the ratings business. If there's any credence to it at all, it's simply, they're saying,
1:45.7	well, they won't default, but of course they'll inflate away some value of the currency
	...

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