Let's talk about Trump, gold, copper, grandma, and a question....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 15 March 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Let's talk about Trump, gold, copper, grandma, and a question....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it's Bell again. |
| 0:05.0 | So today, we're going to talk about Trump, gold, copper, grandma, and a question. |
| 0:12.0 | While diamonds are a girl's best friend, today we're going to talk about a question about |
| 0:18.0 | grandma's economic advice and what the price of metals tells us about where we're |
| 0:23.3 | headed economically. We're going to do this because we got a question about it and gold |
| 0:29.3 | hit its highest price in all of history. So here's the question. Okay, so about grandma's economic barometer, if gold goes up and copper goes |
| 0:41.0 | down, it's a bad sign. Gold is going up, but so is copper. What does that mean? So, just a quick |
| 0:49.9 | explainer on this piece of advice. It's called Grandma's advice because it's Folkseywit, |
| 0:56.0 | but it's a known economic metric known as the copper to gold ratio. It basically measures |
| 1:02.6 | the same thing, just a little bit more advanced. Gold is viewed as a safe haven asset. When there |
| 1:09.4 | are shaky economic times, |
| 1:11.4 | investors flock to gold driving up the price. |
| 1:14.8 | Copper is an industrial metal. |
| 1:17.2 | When copper goes down, it's less in demand, |
| 1:20.5 | which means there's less industrial activity. |
| 1:23.5 | So when both of those things happen, |
| 1:25.9 | it's a clear sign that the economy is in trouble. |
| 1:29.3 | Gold hit an all-time high of $3,05 per ounce, before dropping back down a little below 3,000. |
| 1:38.3 | If you're not familiar with the normal price, this is huge. It's really high. |
| 1:47.7 | That means investors are definitely driven by fear of an economic downturn. Copper is getting incredibly pricey as well. Normally, that means |
| 1:54.8 | there's a lot of industrial activity, which is good. Is that what it means right now? Not really. Analysts attribute this increase in price |
| 2:04.5 | to Trump's tariffs. Trump has talked about a 25% tariff, so there's a lot of activity trying to import |
... |
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