4.4 • 677 Ratings
🗓️ 27 June 2019
⏱️ 68 minutes
🧾️ Download transcript
What if we were in the midst of a gold rally, and no one was talking about it? Now that gold is up 7-8% over the last few months, Dan sheds light on why the uptick is so unreported, going largely unmentioned by mainstream media like The Wall Street Journal and Financial Times.
Dan thinks the answer lies in the aftermath of the Federal Reserve’s latest meeting, and the dovish interpretation that prevailed.
Clearly, the Fed is now thinking about supporting asset prices, now that their stated objectives of reaching full employment have already been met. Of course, that has some inevitable consequences. “If you screw with the market this long, the market says, “Uncle, Uncle!” And you gotta have some gold.”
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0:00.0 | Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the Stansberry Investor Hour. |
0:08.0 | Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour. |
0:16.0 | Sign up for the free show archive at InvestorHour.com. |
0:20.0 | Here is your host, Dan Ferris. |
0:22.3 | Hello and welcome to another episode of the Stansbury Investor Hour. |
0:27.2 | I'm your host Dan Ferris. |
0:28.6 | I'm also the editor of Extreme Value. |
0:31.4 | That's a value investing service published by Stansberry Research. |
0:35.0 | We've got a really cool show with an awesome guest today, so let's just |
0:40.4 | get on to it. Okay, it's time for my weekly, I'm going to call it my weekly perturbation, |
0:48.1 | which is a crazy word, and I'll explain it at the end of the show in the mailbag. I don't know if I'm really going to |
0:54.8 | call it this every week, but I just thought it was funny to do it this week. So the weekly |
1:00.1 | perturbation is about gold because it's up a bunch recently, about 7 or 8% last few months here. |
1:10.1 | It's just coming on really strong. And I don't see a lot of |
1:15.4 | people talking about it. I went to both the Wall Street Journal website and the Financial Times website |
1:21.9 | just before we started recording my words here, just a few minutes ago. and I just typed in the search box the word gold. |
1:31.2 | And at the Wall Street Journal, I got zip, zero, nada, nothing. |
1:35.1 | On the entire front page scroll all the way down, nothing. |
1:39.3 | Financial Times, I got one mention of gold. |
1:43.6 | It said gold hits six-year highs, |
1:46.1 | and there was a link to a short article. |
1:49.4 | And I think that's a little odd, don't you? |
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