Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about Trump debasement, gold, copper, and grandma.

So, we've talked about Grandma's economic indicator before, and we got a question about it,

and we'll go over what it means for Trump's

economic policies quote so grandma's economic indicator said gold up copper down

is a bad sign what does gold weigh up without massive changes to copper mean okay Okay, so just a quick clarification.

Grandma in this case is actually Grandma,

not shorthand for a general old person's economic indicator.

The idea is that when gold goes up,

rich people are getting their money into safe assets. When copper goes down,

there's less construction and production. So, that's a bad sign for the economy. Grandma was right.

It's a pretty solid indicator. Right now, gold is reaching all-time highs. It broke $4,000 per Troy ounce. If you're not familiar

with prices, that's ridiculously high. To put it in context, from September 14th, 2012, until

November 8th, 2024, the price increased about 52%. Since Trump was elected, gold is about 45% up.

That's a huge swing in less than a year. It's gone up 20% in just the last 30 days.

Gold goes up during times of economic uncertainty. Can we rule out some special gold need for industrial use?

Yes. Silver has also gone up about 50% since Trump took office.

Investors don't trust the dollar.

So, why isn't copper going down?

You know what needs a lot of copper?

Data centers.

Just like with the GDP and stock market, data centers are potentially masking this effect as well.

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