Gold’s Breakout : Cause For Cheer Or Concern?
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 5 April 2024
⏱️ 56 minutes
🧾️ Download transcript
Summary
Every investor needs to carefully consider the implications of gold’s recent breakout. It all began on Feb 28th, 2022 when the US seized Russia’s sovereign assets. The rest of the world seems to be saying “message received!” and this will greatly complicate an already precarious US fiscal situation.
Transcript
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| 0:00.0 | Hello, everybody. Chris Martinson here, and today we're going to be talking about finance |
| 0:03.9 | and economics as part of finance you. Remember, anything that you see in this video and all |
| 0:10.2 | resources available at our websites or affiliated websites are not intended as or construed us financial |
| 0:15.8 | advice. This is for educational purposes. Remember, if you have a financial decision, please |
| 0:20.7 | consult a financial |
| 0:21.7 | professional. We are not attorneys. We're not CPAs. We are not financial managers. As well, we do our |
| 0:28.4 | best to be accurate, and everything we represent is as accurate as we know to be. Now, let's turn |
| 0:33.3 | to our program. So one of the things we have to do that's considered custody over the assets, |
| 0:38.1 | you have to have surprise random audits on the accounts that you do that. And that's important |
| 0:43.2 | because it verifies and makes sure that the client's best interest are taking care of. Why can't |
| 0:49.6 | we as the people, like you said, be able to verify that the Federal Reserve is doing what's in the |
| 0:54.4 | best interest of the American people versus the best interests of those in their circle of |
| 0:59.1 | influence. |
| 1:28.9 | Hello, everyone. Welcome to another episode of Finance University. I am Chris Martinson, CEO of Peak Financial Investing, back here with Paul Kiker. We're going to discuss all things market. We're going to do it in a way you can understand, and we're going to do it with high integrity because, hey, you matter to us. Paul, good to see you again. |
| 1:33.3 | Good to see you, Chris. Lots of things to talk about in the past week have happened. |
| 1:43.5 | I know. I know. Um, so I am, and this is not investment advice, and I have to be very clear, |
| 2:01.7 | everything we're talking about is educational. The people often ask me, Paul, hey, Chris, how much do you have in gold and silver? Like it's one word, it's not. There are two words, gold and silver, separate words, right? Because they occupy different parts of my thinking, right? One's a monetary metal, the other's an industrial metal. It could have monetary uses again, but let's be clear about its current use. And so they say, hey, how much |
| 2:08.2 | do you have? And that sounds suspiciously like financial advice. So here's what I will tell people. I am |
| 2:13.0 | irresponsibly long, both. And I have been since the early 2000s, because that's just how I go. |
| 2:22.3 | So here we are. I want to talk about gold today in what it means. We can talk about silver, too, |
| 2:29.0 | but gold because it's signaling something. Paul, I've been watching this market ever since I first |
| 2:33.5 | invested. I remember my first purchase. It was in March of 2001 Paul, I've been watching this market ever since I first invested. I remember |
... |
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