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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding of professionals

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to safe plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC.

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Speaker 2: We'll start with Goal Goals at nearly an all time

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Speaker 2: high and it's been reaching high. Saw some six stat

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Speaker 2: the other day with Goal has actually outperformed the Nasdaq

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Speaker 2: over the last year to day. And once again, you know,

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Speaker 2: talked about gold before the election, like Novograds, that was

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Speaker 2: one of his things that he was real big on

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Speaker 2: before the election. He was just saying that he thought

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Speaker 2: that gold and bitcoin were the two assets to hold

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Speaker 2: because of the volatility in the government. And then with

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Speaker 2: the government shut down, We're gona talk about it a little late.

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Speaker 2: As far as bigcoin, you know, breaking new levels, but

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Speaker 2: gold also, as far as like has been doing well

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Speaker 2: for a very long period of time, and that's a

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Speaker 2: safe haven for people that don't believe in central currencies.

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Speaker 2: So gold is this something that's going to continue to

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Speaker 2: go up over the course of time.

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Speaker 3: Absolutely. You have two types of investors. You have risk

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Speaker 3: on investors, which are pro AI, pro crypto, pro technology,

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Speaker 3: and then you have pro hedge investors, and in this

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Speaker 3: case both are right. We're going to talk later if

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Speaker 3: this era is mirroring nineteen ninety nine to two thousand.

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Speaker 3: But the thing that's really important is when you own

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Speaker 3: asset classes, you want them to hedge against each other.

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Speaker 3: Gold does the ultimate hedge that is ended up outperforming

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Speaker 3: a lot of classes as you just mentioned, and I

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Speaker 3: don't see this pulling back anytime soon. I know it's

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Speaker 3: outside of a normal range for if you look at

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Speaker 3: a multi quarter range, but I think possibly by end

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Speaker 3: of year we could even be at three ninety one

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Speaker 3: twenty three ninety one two on gold. There is inherent

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Speaker 3: risks in the market that people are talking about. I

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Speaker 3: know IWM is up. I know the knee k was

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Speaker 3: up because of the Prime minister being elected or selected,

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Speaker 3: but I think too many people have risk on and

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Speaker 3: no hedge. So if the market does tank, I think

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Speaker 3: gold will still continue to climb. One of the best

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Speaker 3: investments and best assets of all time if you look

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Speaker 3: at it from since inception, and it's not going to

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Speaker 3: slow down anytime soon.

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Speaker 4: So yes, go continue to climb higher. I agree with you.

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Speaker 4: I agree with you.

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Speaker 1: I'll take the other position and a standpoint of what

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Speaker 1: would cause it to have retracement? Right, especially with government uncertainty,

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Speaker 1: We're not going to like they was supposed to be

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Speaker 1: a job support last week.

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Speaker 4: We didn't get it.

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Speaker 1: We're not getting it since there's a lockdown. Is this

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Speaker 1: something I don't even know if it's in the their future,

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Speaker 1: but at some point that would cause a sharp retracement

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Speaker 1: and gold.

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Speaker 4: Yeah.

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Speaker 3: So in twenty ten through fifteen, it was printed of

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Speaker 3: money quantitative easy, and that money flowing around. So unless

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Speaker 3: they printed the way they did in two thousand and

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Speaker 3: eight two thousand and nine and that money circulates through

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Speaker 3: that would be the only thing to take some of

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Speaker 3: the capital off. Because now if interest rates go to zero,

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Speaker 3: it's risk going for every asset, meme, stocks, crypto tech,

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Speaker 3: Russell two thousand, Russell one thousand, s and P four hundred.

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Speaker 3: It's all bets on all money and shot the net

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Speaker 3: Russell piece. But unless we have that kind of money

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Speaker 3: flowing the worldwide, there's no reason to take a short

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Speaker 3: against gold. Because some people are starting to say, well,

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Speaker 3: gold is overvalued, hidding sort love is on RS side.

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Speaker 3: But it's like, if you don't know the macro economic environment,

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Speaker 3: I don't think the United States or even China is

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Speaker 3: in a position to print money how they did in

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Speaker 3: eight oh nine or twenty twenty. As a result, and

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Speaker 3: for that reason, I'll stay long on gold.

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Speaker 4: Yeah, I mean we printed the money.

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Speaker 1: Printing definitely during COVID was even higher than that, and

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Speaker 1: so now you know, I'm with you real I think

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Speaker 1: it still appreciates. I just wonder if there is something

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Speaker 1: like is it a FED policy that changes? Obviously we

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Speaker 1: know if interest rates the expectations that interest rates will

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Speaker 1: continue to fall. I don't think we'll get to zero

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Speaker 1: anytime soon, or no, if we ever will. Just that

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Speaker 1: piece is like, yes, this is a hedge that we

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Speaker 1: should be in.

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Speaker 3: Just a thought though, going back to Ray Dallio's conversation,

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Speaker 3: though shot the ray you want to all weather portfolio.

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Speaker 3: I don't agree with the assessment of because the public

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Speaker 3: all weather portfolio versus what's done probably at that firm

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Speaker 3: is different. But gold is a good cornerstone investment for sure.

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Speaker 3: But I don't think unless interest rates go back to

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Speaker 3: one percent or zero percent and money is printed, that

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Speaker 3: gold is going to fall apart. And once again, if

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Speaker 3: No Regrets is bold enough and loving enough to tell

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Speaker 3: you this is what's going to happen, and this is

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Speaker 3: what I'm investing in, why not just listen to what

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Speaker 3: he's saying. He's not just talking his book. He's given

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Speaker 3: you the playbook ahead of time. This follow to what

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Speaker 3: he's saying as well. I think the golden rule is

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Speaker 3: we follow the money like the leaves.

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Speaker 1: Are left for you follow We will tell We have

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Speaker 1: a tough time in this space when you're learning and

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Speaker 1: you're learning things on your own, uh, and you're kind

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Speaker 1: of like, well I should follow it, but you go

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Speaker 1: against you know, your intuition. Sometimes it's painted for you,

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Speaker 1: it's right in front of you. You just gotta follow

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Speaker 1: the path and stop being hard headed yeah, yeah, I

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Speaker 1: will be a disciplined investor.

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Speaker 3: Thank you, yes, Or you deserve to be broke.

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Speaker 4: You don't even need a book.

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Speaker 3: You deserve to be broke if you don't deserve it

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Speaker 3: after you, that's.

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Speaker 4: A fact at all times.

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Speaker 2: And goal you know we have we are one of

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Speaker 2: the major hubs of gold right now as far as

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Speaker 2: Guinea and UH. A lot of people are not even

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Speaker 2: familiar with the country, never heard of the country before,

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Speaker 2: but the country has UH. It's a population of twelve

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Speaker 2: million people, so it's a relatively small country.

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Speaker 4: But the UAE, the so they have they have a

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Speaker 4: flight what's the airline Emirates and it flies two times

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Speaker 4: a week from here to the u A m hmm.

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Speaker 4: In the plane is a is a cargo plane that's

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Speaker 4: UH loaded with gold and to two trips every single

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Speaker 4: week full of gold to Dubai or you to Dubai

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Speaker 4: about that every every every twice a week every week.

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Speaker 1: The real transfer fee and that's the gold that they

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Speaker 1: can account for.

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Speaker 4: Yep.

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Speaker 3: Important.

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Speaker 1: There are other minerals that they're shipping that might contain

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Speaker 1: gold in side of it just because of the refining

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Speaker 1: process that hasn't been online yet. There might be gold

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Speaker 1: that's going through other minerals as well, mm hmm.

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Speaker 3: And and for commodities. A good exercise is to look

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Speaker 3: at like a fifty year historical chart just to see

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Speaker 3: what the overall trend is. There's a reason why that

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Speaker 3: plane is going and then that and you know we

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Speaker 3: have such a robust storage of it at Fort Knox.

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Speaker 4: Earners. What's up? Look?

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Speaker 1: This episode is brought to you by Square Banking. One

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