Peter Grandich: The Best Gold Bull Market I Have Ever Seen

Tom welcomes returning guest Peter Grandich to the show, Peter Grandich. Peter discusses the potential for this gold bull market and why it's likely extraordinary. Central banks are buying at record levels, and many of those buying are doing it for safety reasons. Don't bet against the Fed and don't bet against central banks when it comes to gold. Mining shares have yet to reflect, and arguably as cheap as they can get regarding the price of gold. We started to see some liquidation last year, but not as much in the retail sector. Most investors and money managers today have never seen a real downturn. Investors need to start value investing because the tailwind of printing trillions has stopped. The Fed is probably not in a position to start the printers back up. Inflation is hard to fix. People are more concerned about running out of money than dying because retirement is going to become a major issue. The world has a tremendous immigration and social spending problem. Many immigrants will not be productive, but will fall into the support systems. There will be tremendous strains on government, and that will be passed onto the younger generation as a tax burden. This will create a war between age classes. There are many things that financial advisors are not taking into consideration. It's remarkable how many additional metals are needed for electrification and electric vehicles. The global supply chain is hampered by a lack of interest in mining and investment in these sectors. Peter discusses some of the problems with the U.S. power grid and why we need better solutions that will have to come from Nuclear Energy. This will require a significant time lag to build these projects. The recent employment number was so surprising because they changed most of the metrics they used. Inflation is here, economy is on the rocks and people are going to notice when they have no discretionary income. Talking Points From This Episode * The potential of the bull market in precious metals.* Why the Fed is unable to restart the money printing train.* Electrification, the need for metals, and a lack of capital investment. Time Stamp References:0:00 - Introduction0:44 - Sentiment & Gold Buying3:42 - Gold Price Behavior5:38 - Paper Derivatives8:55 - A Changing Landscape11:20 - Inflation & Retirement15:46 - Fed Stuck18:39 - Demographics & Economies22:12 - C.B. & the Dollar System24:10 - Global Supply System27:35 - Copper & Energy Metals31:13 - Uranium Sentiment36:10 - Grid & Energy Concerns38:35 - Trends in 202342:29 - Rates & Latent Effects44:54 - Wrap Up Guest Links:Website: https://petergrandich.comTwitter: https://twitter.com/petergrandich Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training. Within three years, he was appointed Head of Investment Strategy for a leading New York Stock Exchange member firm. He would hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds, and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron's, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. In addition, he has spoken at investment conferences worldwide, edited numerous investment newsletters, and was one of the more sought-after financial commentators. Grandich has been a member of the National Association of Christian Financial Consultan...