Talking Points From This Episode- Metals under a Biden Presidency- Pending Stimulus Plans & Stagflation- Declining Mine Supply- Mining Equity Picks
Time Stamp References:0:00 - Introduction0:40 - Biden & Stimulus5:38 - Flationary Forces8:58 - Interest Rates & Inflation10:45 - Janet Yellen12:42 - Gold & Silver Mine Supply16:51 - Last Buying Opportunity?19:18 - When Should I Exit Gold?21:04 - Financial Planners25:04 - Jeff's Portfolio29:03 - Conserving Value31:40 - Is Bitcoin a Store of Value?33:48 - Mining Stock Picks42:09 - Junior Criteria45:18 - Wrap Up
Tom welcomes a Jeff Clark back to the show. Jeff is Senior Precious Metals Analyst of GoldSilver.com.
Jeff discusses the risk of a Biden presidency and the potential for a long slow decline in the U.S. Dollar. The primary reason is because of the monetary and fiscal stimulus being conducted by the Fed and treasury. The current proposal for the "Build Back Better Program" is 7 trillion, and the only way to get that is to print it. We can expect ongoing massive dilution of the U.S. currency.
There has been and will continue to be a lot of deflation. He reviews the stagflationary period that occurred during the 1970s. Inflation can happen simultaneously with deflation. This year the U.S. hit the highest level of deficit spending in its history. All of this is supportive for gold.
Jeff discusses why the new mine supply of bullion could fall dramatically. Silver is already in a significant downtrend, and gold is also entering a structural decline. We need sustainably higher silver prices before much exploration and development occur.
He says, "This could be one of the last great buying opportunities, especially when you consider the large macro picture. The bigger the sell-off, the bigger the opportunity." March was an excellent example of a sell-off, and we also briefly saw the highest gold to silver ratio in history.
The time to stop buying gold and silver would be only after a massive reduction in risk in the world today.
He discusses some of the best investment strategies that will terrify most financial planners.
Jeff discusses the potential benefits that crypto will have on society. For him, it's mostly a speculative investment.
Gold today, relative to anything else, is still inexpensive. Huge potential remains for gold and silver equities. Jeff discusses some mining equities that currently excite him.
Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. He is also the Senior Precious Metals Analyst at GoldSilver.com. Having worked on his family's gold claims in California and Arizona, and analyzing the big trends in gold's bull market, Jeff and his team aim to highlight safe and profitable ways for the prudent investor to capitalize on today's long-term rise.