This post was originally published on this site.
00:00 Speaker A
I do want to talk to you about what’s going on with the precious metals because I mean, the run has already been incredible. And now we have this breaking of $5,000. How significant do you think that level was and what happens now?
00:23 Speaker B
Well, first of all, I I think the most biggest takeaway from the gold market is that it has been a very reliable mirror in that it shows all the potential cracks.
00:41 Speaker B
And at 5,000, what it’s really saying is are those cracks going to become more like fissures, right?
00:50 Speaker B
And so you’ve mentioned some of the cracks already, obviously geopolitical situation being one. Um, but on the other hand, we also have the silver market, right? And so essentially that gold to silver ratio is showing yet another potential crack that many people aren’t talking about, which is are we going from the prediction of disinflation into more of a super cycle of hyperinflation?
01:21 Speaker B
Because all of a sudden, even with all the economic growth that’s projected, the the demand on commodities is also going to continue to grow.
01:31 Speaker B
So it’s it’s I don’t see gold or silver going down. That doesn’t mean we can’t have a correction.
01:38 Speaker B
Would I be first buying at 5,000, probably very expensive to do so. But with predictions of 6,000, 8,000 and beyond, we don’t really know, but we do know this should be a little bit alarming to people about what’s going on.