The Three Elements that Drive Gold Purchases
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 11 October 2024
⏱️ 72 minutes
🧾️ Download transcript
Summary
In this interview, Chris and David Russell discuss how global uncertainty is driving gold prices, with central banks and high-net-worth investors acting prudently, and a potential rise in fear-based investing looming.
Transcript
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| 0:00.0 | Nothing in this program should be considered investment advice. It is for educational purposes only. |
| 0:05.3 | Please hit pause and read this disclaimer in full. |
| 0:10.7 | I think what they're saying publicly as less, we've got to admit. We're going to look ridiculous |
| 0:14.8 | if we don't, if we don't say gold is going to go up, right? So publicly we've got to admit |
| 0:19.8 | it. We'll sanitize that message. But when we're on the phone to our top clients, we're going to go up, right? So publicly we've got to admit it. We'll sanitize that message, |
| 0:21.4 | but when we're on the phone to our top clients, |
| 0:24.0 | we're going to be reallocating heavily to a number of different things. |
| 0:28.7 | One of them is probably going to be defense stocks, |
| 0:30.8 | and one of them is going to be a defensive asset, and that's gold. |
| 0:35.1 | The following is the audio version of a video released at peak prosperity.com. |
| 0:40.7 | Visit peakprosperity.com to watch the video and to find other insightful content |
| 0:45.5 | such as articles, discussion forums, and exclusive subscriber-only content. |
| 1:01.3 | Hello. Hello, everyone, and welcome to this very special edition of Finance You. |
| 1:07.0 | Today we're going to be discussing gold, precious metals, all things within a context of what's going on in the world. |
| 1:08.2 | Big things going on. |
| 1:11.2 | Goldman Sachs raising their price target for gold. |
| 1:13.0 | We've got China making some big moves. |
| 1:17.4 | Of course, what is the budget situation in the United States and its deficit spending? |
| 1:19.7 | And then also an upcoming BRIC summit. |
| 1:24.3 | So we'll be discussing all of these things and more with David Russell, CEO of Goldcore. |
| 1:25.6 | David, so good to see you again. |
| 1:29.8 | As ever, Chris, it's great to be on with you. Really appreciate it. |
... |
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