Summary
➡ The speaker discusses the current economic situation, comparing it to the Reagan era and highlighting the significant increase in national debt, now over $34 trillion. They express concern about the potential for a commercial real estate crisis and the impact of inflation on wages. The speaker also mentions the shift in the marketplace due to sanctions on Russia and the potential for gold prices to rise significantly, driven by China’s need to increase its gold holdings.
➡ Experts predict a significant increase in the value of gold and silver by 2025, with some forecasts suggesting gold could reach over $44,000 per ounce and silver $45 per ounce. These predictions are backed by respected financial institutions like Bank of America, Goldman Sachs, and J.P. Morgan. The rising value of these precious metals is attributed to their increasing demand in various industries, such as technology and green energy. It’s suggested that investing in physical gold and silver could be a smart move to protect and diversify one’s financial portfolio.
➡ The demand for silver is increasing due to its use in solar panels, electric vehicles, and artificial intelligence (AI) technology. However, the supply is limited as silver in discarded electronics is not often recycled. Financial institutions predict a significant increase in the value of gold and silver by 2025. Patriot Gold Group, a highly-rated company, offers guidance and services for investing in these precious metals.
Transcript
Jack and I want to talk to you about something that, that I brought up that, that was exciting was a year ago we were talking about how people need to get into gold because it was going to hit $2,000 an ounce. And you don’t want to miss out. Last December. Last December, we were basically notifying your viewers to get into gold before it surpassed $2,000 an ounce. That was last December. So it was exactly a year ago. Because the smart money always goes into gold and silver ahead of the holidays, ahead of the new year. Historically, January through March, gold and silver explodes to the upside.
Now, what happened was, yes, gold surpassed $2,000 an ounce, as we mentioned. There was no looking back. Right. No looking back. And, and yeah. So last December we were informing your viewers to get into gold before it surpassed $2,000 an ounce. And now we’re doing it again this December and we’re notifying them and informing them to get into gold before it surpasses $3,000 an ounce. You know, it’s, it’s funny. You know, we’ve seen gold hit new highs. We’ve seen, you know, a tumultuous economy over the last year year and with the election and everything happening. But one thing that you cannot deny is all these banks that are stepping forward and making these predictions about where gold is going to go.
We have JP Morgan saying it’s eerily reminiscent of the 70s, forecasting $3,000 an ounce gold in 2025, bank of America, $3,000 an ounce gold, Bloomberg and Goldman Sachs. And at the same time, Goldman Sachs is forecasting paltry returns over the next decade for the S and P. As a matter of fact, now we’ll look at the stock market over the last week. It’s starting to teeter. And you’re starting to see things happen that give you some warning signs. Well, Nvidia is starting to slide. And you look at Nvidia and just how Lofty and not even lofty, but just how outrageous the valuations are.
If you ever look at a chart and if you look at the, the all time chart, I mean, the valuations are so extreme and so outrageous. And that’s why ubs, just this week UBS released a report that billionaires wealth has increased over a hundred percent over the last decade. And now 40% of billionaires are saying they need to increase their gold and precious metals holdings and safe haven assets holdings preparing for a market storm in 2025. Billionaires. Yeah, that’s huge. You know, when you think about this, one thing that I remember being old enough is the Ronald Reagan era when he came into office, you know, you know, my father had a construction company and they relied heavily on financing and with the prime interest rate at 18%, it was catastrophic.
And then Ronald Reagan came in and had all these plans and how he was going to fix everything, which he did. But it took a lot of time. And that’s what, you know, I’ve talked about this over the course of the last week and a half with the channel and people need to understand that. You know, I feel an optimism, I feel that the economy is going to get better, but we’re going to have a slide before we go up. Elon Musk even warned that there was going to be a lot of hardship and a lot of difficulty if Trump was to be elected.
And that’s because of of course, that Department of Government efficiency with federal workers and laying off federal workers, mass deportation. Trump’s stance on tough tariffs. So in order to return America to its prosperous and make America great again, there’s going to be a period of difficulty ahead. And as a matter of fact, if anything is an indicator, there’s one indicator that has been right since 1950, 1950, and that’s the labor market and the unemployment. Now unemployment just last week hit 4.2% and it surpassed its 36 month moving average. Now every single time that has happened since 1950, it has indicated that a recession is around the corner, right? Every single time.
There hasn’t been a single instance since 1950 where a recession hasn’t followed when the unemployment surpassed its 36 month moving average. One thing that is crazy is the, you know, I think that what we’re heading for is going to be a much more difficult time and that people need to prepare themselves for this because I think this is recessionary right now. I really believe that. Now you can look at the numbers and the thing that’s going to happen is we’re going to get the real numbers. Once Trump gets in office, we’re going to get real numbers.
Because what they determined was a lot of these labor numbers over the course of the last year were absolute lies. Well, they kept revising them downward and they revised the 1 employment numbers downward. The 11 month unemployment numbers down by over 100,000. Terrible. Unbelievable when you think about that. And again, it’s just, you know, again, you know, we can talk politics till we’re blue in the face. I don’t think that, you know, Joe Biden was really running anything but these people. We have to have real numbers. Don’t you want to know the truth? I want to know the truth.
You know, as far as, if things are bad, you can work through it because that, the one thing I’ve learned in business is you work with the hand that you’re dealt. And if you know you’re going to have a tough economy, I know a lot of people that made a lot of money during a tough economy. I know that you can make money during this time. But protecting yourself is the most important thing with your retirement, with, with the future and gold. You know, it’s just proven how well it’s done over the course of the last.
Well, that brings up a very good point. The Fed’s really bad because we’re looking at persistent inflation. You look at grocery store prices, if you look at dining out, if you look at airfare, if you look at hotels, persistent inflation. Meanwhile, because of our national debt surpassing 34 trillion, the Fed is backed into a corner. In fact, the Fed meeting is today and tomorrow. It’s widely anticipated that they’re going to cut interest rates a quarter basis point. But they do say going into 2025 they’re going to be slowing down on the rate cuts. Because what’s happened here is all inflation indicators is that inflation has already resurfaced.
And it’s not that it’s just resurfaced. The inflation is persistent because we can talk about jobs, the employment reports, but when you look at the wages and when you look at inflation and what kind of jobs are these that are being added? Because we’re going to have the seasonally adjusted jobs here throughout the holidays when Macy’s and Bloomingdale’s hires seasonal workers. Yes. So in January they’re going to try to come out with some blockbuster jobs report. But we know those are seasonal jobs and most of the jobs that are being added are service industry jobs. Right.
Plus the government jobs. And you know, this is not, you know, Again, there’s gonna be problems with the economy. There’s going to be, things are going to get much worse before they get better. I just, I’m curious if they are going to cut interest rates right now. If they do, 25 basis points is not going to make your credit cards go down. It’s not going to make mortgages drop, you know, 20%. You know, I, I spoke to a lender recently who said when they did the half point bump, people just felt that they wanted to get on this bandwagon.
And she had a 10 day period where things took off as far as refinances, as far as people wanting to get in. And then 10 year treasury mortgage rates ticked up. So mortgage rates were at a 30 year high. Everyone has been waiting on and anticipating that rate cuts would lower mortgages significantly. And mortgage rates have just ticked up. Now what’s happened is home buyers have become exhausted waiting for prices to drop and mortgage rates to drop and they’re entering back into the market even with prices at all time highs and rates at 30, 30 year highs.
So they’re entering into the, the marketplace and we’ve seen a uptick in home sales, but that’s only because of exhaustion on waiting for prices and rates to drop. Now another thing that you brought up as well, you had mentioned about the recession indicators and about the Reagan years And that’s why JP Morgan said that it’s eerily similar to the 1970s and when Reagan first took office, what interest rates were and the first real year or two of Reagan’s presidency as a matter of fact. So my father was a conservative Republican vice mayor of Westchester County. Okay.
Looked just like Ronald Reagan, as a matter of fact, the biggest Reagan fan in the world. Whenever my mother and father would come out to visit, we’d go to the Reagan library and see Valley. It’s spectacular. And we’d go up there on his birthday in February. But you know, everyone has to understand, you know, Volcker was the Fed chair leading into Reagan’s presidency and what interest rates were then. But now you look at our national debt, our national debt now, you know, over $34 trillion. Yeah, it’s climate. It’s climate. And, and the thing about this is that we spend a trillion dollars a year on interest more than our, you know, our defense.
$1.2 trillion is our interest payment on our debt alone. One other thing I wanted to mention is, you know, yes, there’s a huge amount of optimism, huge amount of optimism. And you know, you can see why after these past four years. But what your viewers need to know is you can’t rely on the Trump 2016 trade playbook because that was pre Covid. That was pre Covid. Interest rates were zero back in 2016 when he wanted rates to go negative too, he kept asking. He wanted them to go negative. But the Trump 2016 playbook is not applicable to 2024 because rates were zero.
Rates now are about four and a half, four and three quarters. Our national debt has absolutely exploded. It’s over $34 trillion. So I mean, this was pre Covid, the 2016 playbook. And the 2024 playbook is not the same as the 2016 playbook. So one thing I think we’re definitely going to get is realism, though. We’re going to see a real numbers. We’re going to find out, you know, how bad employment is because I do not believe we’re at 4%. I think that we’re much higher, personally, I think think that we’re much higher. We are. And there’s the workers that aren’t even looking for work anymore or who have left the workforce that are not counted or who refused now to go back into an office after Covid, who worked from home for a period of time.
And now they’re being required to come back into the office and they’ve decided to not return to work. Before we go further, I want to remind everybody, number one rated for eight years in a row, Patriot Gold Group is the best place to buy gold silver, all precious Metals. Contact them today. 888-33-01431. IRAS, 401ks all backed by precious metals. Again, the advantage to the customer service is that they are second to none. You know, I’m not just a spokesman. I’m a customer of yours. And they’re. And they’re fantastic. But also home of the no Fee for Life IRA and the only company nationwide.
You, the client, work directly with the owners. Yeah. So you work directly with the owners. Consumer affairs, top rated eight years in a row. A rated on the Better business bureau. Over 2,000 five star reviews. Over 2,000. That’s unbelievable. We’ve just surpassed over a billion dollars in sales since our inception. So a billion dollars in sales with over 2000 five star reviews. Unbelievable. Okay. I always love doing this because I always get little tidbits for my commercials too. So. Okay. Now as far as the commercial real estate debacle that we’re about to experience, all of a sudden you’re not hearing about it as much.
Right. But, yeah, but but it’s out there, Jack and I have, like I told you driving here, I have two friends that own foreclosure companies having dinner with both of them tonight. And we’re talking about, you know, the problem with, you know, with these losses that these banks are going to experience are going to be huge. You know, I, on my last video, I spoke with the FDIC and called them directly and had emails going back and forth. It was very, very nice. They’re very helpful. But they listed 26 problem or 68 problem banks. 2. It had grown by 2.
And again, when you look at these smaller banks, they have something that they lend to, whether it be trucking companies that lend a truck, you know, they’re a bank that lends to trucking companies. And with the, you know, let’s call it the shipping recession that’s going on right now, you’re seeing shipping companies go out of business for the first time in December. This just doesn’t happen that you see shipping companies go out of business. A lot of people also don’t realize this, but the bailout from the regional banking crises just last year, Silicon Valley bank for First Republic bank and Signature bank, the amount of money the Fed had to come in and inject into these banks vastly surpasses the subprime mortgage crash crash of 2008, which was so bad it was more money to rescue those banks than the subprime mortgage crash.
And what’s happened now is, yeah, we are heading towards another banking crisis. There’s more banks that are going to go under. Even Warren Buffett had warned that more banks will go bust and the commercial real estate crises. Even Trump’s prized asset, 40 Wall street is so far behind on its loan and facing foreclosure. And that’s what we’re looking at with these commercial real estate properties. The thing that’s interesting is you’ve got a problem where people cannot refinance. You’ve got apartment buildings and generally These people get five year notes and you’ve got apartment complexes that have 100, 200 units in there.
And you just can’t raise the rate. The rent so high that people can’t afford it because then you’ve got, you know, 100% vacancy. And the problem with it is that these people that are out there cannot refinance those, those units right now. So you’re going to see problems with the banks, you’re going to see problems with hotels. Travel, like you said, is so expensive. Airfare is so expensive. Everything has gone up exponentially over the course of the last year and wages have not followed suit. Right. And that’s the big issue here is, you know, you can look at employment, the economy, but at the end of the day, wages have not followed suit with inflation at all.
I mean, when you look at the cost of goods and services and airfare and hotels, it’s, it’s unbelievable. You know, I don’t even. Bob Kudla comes on the channel. He’s the, the stock, he does stock picking stock. He’s just, he’s good at everything from dividends to stock trading. Every, every aspect of the stock market itself. But the one thing that he said, and he’s talked about, you know, a lot with you guys too when he’s been on the channel is that, you know, gold is going to go much higher. Gold’s going to hit $3,000 an ounce.
He’s, he’s convinced of that. But he says that there’s no, you know, ceiling to gold at all. And that’s a very exciting thing because we have tumultuous things that are happening. And yeah, you can believe in the Trump train, you know, which is great and there’s people that out there that don’t believe in the Trump train at all. But we need to understand that there’s going to be things that are going to bring the economy, it’s going to have challenges and you need to protect yourself. Well, not only with retail investors, but there has been a shift in the marketplace and that shift took place when this administration imposed sanctions on Russia for invading Ukraine.
And when they seized oligarchs properties, when they seized their yachts, when they seized their football clubs, when they kicked them out of the Swift banking system. What had happened was, and if you notice, it was announced last week now China had a six month hiatus on purchasing gold, the People’s bank of China when Trump won the election in November. And he threatened to impose 100% tariffs on BRICS countries, which is not only Brazil, Russia, India, China and South Africa. It now includes United Arab emirates, it includes 40 other countries have a, applied to be a part of brics.
It’s almost half of the global gdp, half of the global population and half of the global landmass have applied to be a part of brics, which is an alternative currency which will challenge the US Dollar as the dominant reserve currency. So what happened was China had a six month hiatus. Trump won the election. And it was announced just last week that China added 5 tons of gold to their reserves for the first time in six months. But that China only held 6% of its foreign exchange reserves in gold. 6%. And China needs to hold up to 20% of its foreign exchange reserves in order to be recognized by the other G7 Global 7 economies.
So China is going to have to increase its gold holdings exponentially. China alone, they’re saying, is going to drive gold prices over $3,000 an ounce. Absolutely. Central bank gold purchases are going to drop. Central bank purchases alone are going to drive gold prices over $3,000 an ounce going into 2025. You know, I’ve seen predictions and we’ve talked about them where individual people at bank of America that they’ve talked about $44,150 gold, they talked about easily talked about $50 silver. And you know, it’s important that people understand this, that these are not, you know, the kooks of the world.
These are people that are well respected, that Goldman Sachs. Yeah. J.P. morgan. J.P. morgan at the London Bullion Market association conference just a month ago forecasted 45 an ounce silver in 20. 25. 45 an ounce silver. Now, silver is at $30 an ounce right now. Guys. That’s huge. Guys, silver just joined the party. And as a matter of fact, I have something in my pocket and I want to show this to Dan. Oh, hey. This is a 1 oz silver coin that Dan gave me. And look, it features. Hey, that’s the I allegedly. It’s the I allegedly coin.
Dan gave this to me last year. Now when Dan gave it to me last year, it was worth $17. Now it’s worth $31. Can you believe that? We can buy a Happy Meal at McDonald’s now. But I mean, it’s nearly doubled in price since you gave this to me. That’s awesome. Right? And you know, and I also have here. Yeah. As we had mentioned last December, get into gold before it surpasses $2,000 an ounce. And now here we are a year later saying get into gold before it surpasses $3,000 an ounce. The smart money is purchasing physical gold and silver ahead of the holidays and ahead of the new year because we come back from the New Year, Monday, January 6th.
And historically, historically, gold and silver explode in the first quarter. Okay, explode. And we’re going into Q1. No, no, no, hold this up. You know, one thing that you had talked about last gentleman’s drop, that one thing was this is cat. Oh, yeah. Don’t drop my face. Okay. The cat. This is worth cash. Oh yeah. And you know what? And the one thing that, that you had said Was, hey, I think it was Wilshire gold. Is that what you said? You mentioned some gold place. You could just walk right in, put it on the counter and you could walk out with $2,750 in cash today.
2,750. So it’s, it’s money. Now, one thing that was in the news last week that I talked about was, was crazy was the state of Florida their CFO is weighing, is gold going to be considered currency, Silver as well? Gold and silver currency in the state of Florida. Now think about this, guys. And not taxed, by the way. Oh, it’s huge. Not taxed. So it wouldn’t be taxed. You guys think about that. Could you imagine having precious metals. There’s 11 states now that they would join. 11 states, is that correct? That treat gold and silver as real currency.
And the thing about this is that when you, when you have this, imagine taking this in and purchasing something and then giving you change for that, that would be the advantage to that. Well, last December, you know, you’d walk in there and you’d get $2,000 for this. Now here we are this December and you’ll get $2,750 for this. That’s great. And what we’re going to find in 2025 is this going to be, this will be worth over $3,000. Now you have Jefferies forecasting $5,500 an ounce gold. Again, central bank gold purchases have. And especially the BRICS countries because it is widely believed.
So BRICS countries have developed an alternative currency to challenge the US Dollar as the world’s reserve currency. Donald Trump said that would be our greatest defeat in over 200 years. And Tucker Carlson said that is a war that we cannot afford to fight. Now, the BRICS countries, they developed what’s called the unit. Yes, it’s called the unit and it’s going to be backed by 40 gold. So 40% of the unit’s going to be backed by gold. You have to get yourself into precious metals. It’s just, it’s that simple. And as far as, and, and even if you use it as a hedge, you know, when you look at Robert Kiyosaki, which I love Robert Kiyosaki because, you know, he’s had warning after warning after warning.
But the latest warning has been you need to be in bitcoin, you need to be in precious metals, especially any and. And gold and silver. And he has just predicted crazy prices. Think about it now, because bitcoin’s a hundred and seven thousand dollars so let’s just say you have $107,000. Would you prefer 30 ounces of gold, right. Or. Yeah, almost 3,000 ounces of silver for a single digital currency that could be incinerated or evaporated by a click of a mouse where, you know, you own no more than a binary code. We don’t know who developed it.
I mean, really, what people are moving forward with? Billionaires. But billionaires, billionaires are moving forward with physical gold and silver. Right. As a hedge, as you know, to protect the purchasing power of the dollar, to diversify their portfolios. It’s as simple as bank of America had a report just about a month ago. You do what central banks are doing. That simple. You do what central banks are doing. Michael Hartnett and that gold, silver. Bank of America is very conservative in the sense of fiscally conservative. And Michael Hartnett, you know, he has been a decent leader for this.
And you have to look at things with the banks. You know, we just talked about the problem banks with fdic and you got it. You cannot ignore the fact that Warren Buffett has just sold over $9 billion worth of their stock. He’s not even buying Berkshire Hathaway stock. So when you have Warren Buffett, the single most followed investor in the history of the stock market, not purchasing shares of his own company, it’s not even purchasing Berkshire Hathaway stock right now. That was reported just last week. Yeah. One thing, John laforge of Wells Fargo, he said we are in a commodities super cycle and we are just at the very beginning of it, that there’s at least another 10 years left in this commodity super cycle.
So when we’re watching gold go from two to $3,000 in a single year, we’re going, we’re watching silver go from 17 to 30, by the way, aside from bitcoin, yes. But gold and Silver are the second and third best performing asset classes of 2024, outperforming the NASDAQ outperforming Nvidia Gold and Silver. Silver is up over 30% and Gold is up 29 on the year. The best asset class in 2024. Now a great bitcoin story. I was a mentor for, for the marketing department at Cal State Fullerton. And they would bring us in, they’d bring different experts in to mentor the students on different business plans.
The instructor in that was a great professor, but he had told me that his son was given 20 bitcoin from his grandmother on his birthday years ago and lost the code to get into it. Now this is when bitcoin was like $20 or something. So he has. Now think about it, it’s over $2 million of money that they cannot find. Well, I mean, we hear stories of this. Yeah. All the time. All the time. And I mean, the thing with bitcoin. So it was back In, I think, 2013, I wrote the white paper. At the time, I was the director of sales of an algorithmic automated trading platform company working with, introducing brokers out of Geneva in Chicago.
And I wrote the white paper on the legitimacy of bitcoin when it reached what was called dollar parity. And one bitcoin was worth one dollar. So let’s ask ourselves if it was a dollar back in 2013, 2012, and now it’s $107,000. Wow. I mean, the reality is it’s if you have 107,000 or if you have 214,000, do you want to own two Bitcoin? That again, is no more than a binary code. Or you can own, you know, 60 ounces of gold or 6,000 ounces of silver. Now, one thing we brought up, JP Morgan’s forecasted silver of $45 an ounce.
But have you heard about the new Samsung battery? Oh, it’s. It uses silver. It uses so much silver. So much silver. And the new technology in solar panels is now requiring five times the amount of physical silver than previous technologies. There is not enough silver to manufacture to keep up with the demand right now. So with that, you’re going to see more and more of a price increase per ounce of physical silver. With the medical industry, with, you know, all the green energy, the green technology, with all of the electric cars, it’s just going to China and India, the amount that they’re importing, and we’re running into a 250 million ounce supply deficit every year on silver, on silver.
And in fact, many believe silver to Surpass Gold in 2025. Wow. That silver will outperform gold in 2025. And again, silver went from $17 an ounce a year ago to it was $35 an ounce just ahead of the election. So that’s where it’s headed. That’s going up, guys. It’s going up. So we’re not going to run into a situation where we’re using less silver. That’s just going to end. So as far as the demand is just insane right now. And you know, as much as there’s been challenges with the green initiatives, they’re going to still build solar panels, they’re still going to build EV cars, They’re still going to have the medical demand and then Samsung batteries.
The wild thing about this is that when you buy a new iPhone or a new Samsung phone that’s got a life on it, it’s not going to last you 20 years. And people are not going to dig the gold, the silver out of that. That’s it’s going to eventually be gone and thrown away and there’ll be some recycling, but minimal. Some economists are saying that the next AI play is silver because AI requires so much energy and that’s why the solar push in order to have that energy for AI and the amount of silver that’s required in every one of these solar panels and in electronics.
So the next AI play could be silver. You look into the materials that are responsible and necessary to power AI. Wow. Well, guys, let’s close this out with again. Patriot Gold Group has been my number one sponsor on my channel over the last couple years. And you guys are great. Just the customer service, everything about them has been fantastic. So many people thank me when they do business with you guys. But call number one rated Patriot Gold Group today, 888-330-1431 and get a free investor guide. They will answer all your questions. Like Jack said, you’re dealing with the owners directly and the, the company directly.
You guys just surpassed a billion dollars in sales, which is unbelievable because there’s a lot of companies that in, in any industry that can never say that. So anything you want to add to that? Just that when you have J.P. morgan, Goldman Sachs, bank of America, all forecasting $3,000 an ounce gold in 2025. You have J.P. morgan forecasting $45 an ounce silver in 2025. And then you have Goldman Sachs forecasting paltry returns on the S and P over the next decade saying lower than 3%, lower than inflation. Give us a call. We’re home of the no fee for life IRA.
Work directly with an owner. Over 20005 star reviews, A Plus rated on the Better Business Bureau. So thank you, guys. Don’t forget to the like button. Don’t forget to subscribe to the channel. Join the Christmas card list, guys, because it’s going to end soon and we’re giving away thousands of dollars to the stock. And add some gold and silver to your Christmas list this year. Yes. And you’ll be a lot happier in 2025 that you did. Absolutely. Okay. Email is hello illegally.com and we will see you real soon. Thank you, sir. Thank you. Thank you for, for being back because I just.
People were writing me about? What’s the Gold Guy thing ahead of the New year. Okay, so we will see you guys very soon. Thank you for everything.
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