4.4 • 677 Ratings
🗓️ 20 August 2020
⏱️ 63 minutes
🧾️ Download transcript
Gold and silver have soared higher and higher lately.
And many listeners are asking, "What happens to gold and silver next?"
But frankly, Dan thinks that's the wrong way to look at it. On this week's episode, Dan explains the mindset you should have about owning precious metals.
He also sits down to have a conversation with Marty Fridson, the Chief Investment Officer at Lehman, Livian, and Fridson Advisors, an SEC registered investment advisor. Marty is one of the most widely-respected fixed income analyst around. In 2000, he was the youngest person ever to be inducted into the Fixed Income Analyst Society Hall of Fame.
Dan and Marty discuss what's happening in the high yield bond market, a massive market that people need to pay attention to, but sadly gets nowhere near the attention that equities do.
Listen to all this and more on this week’s new episode.
Click on a timestamp to play from that location
0:00.0 | Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour. |
0:11.5 | Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour. |
0:20.0 | Sign up for the free show archive at InvestorHour.com. |
0:23.6 | Here's your host, Dan Ferris. |
0:25.6 | Hello and welcome to the Stansberry Investor Hour. |
0:28.6 | I'm your host, Dan Ferris. |
0:29.6 | I'm also the editor of Extreme Value published by Stansberry Research. |
0:34.6 | Today we'll talk with Marty Fridson, the Dean of high-yield bonds. It's been a weird, |
0:40.6 | crazy year, and I'm really, really curious to hear from him, given all that's happened in |
0:46.2 | 2020. This week in the mailbag, Stansberry Alliance member, GP, wants me to help him |
0:51.7 | understand gold better. I'll take a crack at that. Plus, not one, |
0:56.0 | but two questions about crony capitalism. In my opening rant this week, I'll talk about gold, |
1:01.5 | silver, reserve currencies, and what I think is likely to happen over the next 12 months and |
1:07.4 | beyond. That and more right now on the Stansberry Investor Hour. |
1:17.1 | I'm getting a lot of questions to the tune of what's going to happen next in gold and silver, |
1:24.4 | right? This always happens. And what's going to happen next in the stock market, too, |
1:28.3 | of course, because it's making new hearts. Don't want to talk about that so much because I always talk |
1:32.8 | about stocks. You know I think they're crazy expensive and you know I think returns over the next |
1:37.2 | 10 years are going to be poor. There, done. Stock's done. But gold, silver, and I said I talk about |
1:43.9 | reserve currencies too. I don't think you can |
1:45.9 | talk about one without talking about the other. So I put gold and silver in the same category. |
1:52.0 | They're both monetary assets. And sure, we use gold for a few things. About 50% of the demand is |
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