What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp

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What's going on, guys? Today we got a great episode with John Pompilano. In this conversation, we talk about what's going on with Bitcoin, gold, AI stocks, the Fed, and of course the market. We're trying to figure out, are we going up, are we going down? Should we be worried? Should we be allocating? Why are retail investors at such an advantage compared to institutional investors and how are asset prices going to do going into the end of the year? All that and much more in this conversation with John. Before we get into the episode, though, I need your help. My goal is to get to 1 million subscribers on YouTube, and that's where you come in. Right now, we have about 632,000 subs, a little bit more than that. My goal is to get to $1 million. We're so close. So hit the subscribe button, help us get there. Let's get into this conversation with John. All right, John, what's the first topic? All right. Gold, best performing asset over the last 20 years, up 11% annualized return. Congratulations to the gold bugs. I'm very happy for them.

I think that gold bugs understood before most what was the problem in the traditional financial

system, which was they are going to debase the currency, hard assets are going to do well.

The stock guys, they were yelling and screaming.

They were all celebrating because they thought they had these productive things that were going to outperform nonproductive assets didn't happen. Gold bugs do not get enough credit

for not only one, buying gold, but the harder thing is if you bought gold 20 years ago and didn't

sell, you took it to the chin for years of people making fun of you. Why do you have that gold?

Oh, you're just some old

crazy person. Why are you still holding this thing? It doesn't go up. It's stable. Whatever. I've jumped in on the gold bugs at times. If you've held gold for 20 years, congratulations, you were right. You deserve all of the returns that you're getting. Now, what I will say is still only up 60% this year, which yes, that's a lot for this year. But if you go back and you look

at what was gold trading that in, I don't know, two Now, what I will say is still only up 60% this year, which, yes, that's a lot for this year.

But if you go back and you look at what was gold trading that in, I don't know, 2020, it's up 150-ish percent. Bitcoin's up 1,500%. So let's just put it, you know, just for my Bitcoiners out there, let's put this all in context. But gold bugs still, they should get plenty of credit. And I think what it does is it calls into question.

Why is it that a nonproductive asset all in context. But gold bugs still, they should get plenty of credit. And I think what it does

is it calls into question. Why is it that a nonproductive asset has beat the productive assets

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