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Speaker 3: But Mike Novagrass gave some interesting commentary. So from an
Speaker 3: investing standpoint, if you'll know what Mike Novagrass is, He's
Speaker 3: a billionaire, He's spoken to invest fast, He's been on
Speaker 3: market mondays. He said that his biggest concern was the
Speaker 3: US debt.
Speaker 1: That was the biggest concern.
Speaker 3: He said his top investments would be hedges for inflation,
Speaker 3: like if somebody had money to invest right now, he said.
Speaker 3: He said that he was leary of the stock market
Speaker 3: long term. He said Crypto, particularly bitcoin coin and Solana
Speaker 3: on the all coin side, and he said gold. He said,
Speaker 3: go he thinks gold can get to ten thousand.
Speaker 1: Yeah, there was another one. He's up what tech he said?
Speaker 3: He said tech stocks for sure, but he said tech
Speaker 3: stocks is going to have a crash at some point.
Speaker 3: And then he referenced he was talking about like all
Speaker 3: the different crashes and he was like, he's like there's
Speaker 3: always He's like, there's a spike before the party's over.
Speaker 3: And he was like, in year two thousand in they
Speaker 3: have fireworks that went from Japan all the way to
Speaker 3: Australia and everybody, and then the next day the stock
Speaker 3: market craft.
Speaker 2: He said, every great party has a hangover.
Speaker 3: So he was saying that tex still has it happened,
Speaker 3: said he said tech still has a ride up.
Speaker 1: Yeah.
Speaker 3: He said he didn't know it was gonna be two months,
Speaker 3: two years, five years, but he said, eventually the tech
Speaker 3: wave is going to fall off a clip.
Speaker 1: Yeah, him, him and Dave.
Speaker 2: I mean, these are just brilliant guys, just brilliant dudes,
Speaker 2: man like and shout out to mail too. Brilliant dude
Speaker 2: in his own right. But every great party has a hangover.
Speaker 2: And so the question is, well, what hour are we
Speaker 2: in in this party, right, like, is it after midnight yet?
Speaker 2: And they were kind of like, I think, as far
Speaker 2: as AI, we still might be in the early innings.
Speaker 2: But eventually, right, it's gonna come to end. It's gonna
Speaker 2: come to an end. We just got to be prepared.
Speaker 2: But I mean, there's always opportunities. I mean, there's so
Speaker 2: many ways you can look at it. Every every crisis
Speaker 2: has an opportunity.
Speaker 3: Let's take this one by one half group discussion. Gold
Speaker 3: hitting ten thousand at some point and post it's impossible,
Speaker 3: So like, yeah, principle ten years, Well let's go if
Speaker 3: we're going four years now.
Speaker 1: Possible? Could it get to.
Speaker 3: That's the hell of a return in ten years it's
Speaker 3: twenty seven hundred.
Speaker 4: Now, yeah, five thousand ago I could see it getting
Speaker 4: too five thousand.
Speaker 1: That's almost three x.
Speaker 4: Yeah, well we have a pullback, a deep one absolutely
Speaker 4: in gold.
Speaker 1: Yeah, in tech.
Speaker 3: So so all right, so gold, we got gold at
Speaker 3: least doubling.
Speaker 2: And it's important to tell people how to invest in
Speaker 2: go if that's right, you said through ETF Oh yeah,
Speaker 2: we talked about it.
Speaker 1: I'm gonna make sure everything. Well, how do I buy it?
Speaker 1: Where do I buy it?
Speaker 3: You could buy physical Goal, but then you know the
Speaker 3: ETF is g l D, it is Spider.
Speaker 1: We talked about that on Mark Mondays.
Speaker 3: But Goal tech tech stocks because tech is was driving
Speaker 3: the US economy. That's why even they put that report out.
Speaker 3: I forgot what bank. I think it was Gold and
Speaker 3: Sacks that they direct to three percent on the S
Speaker 3: and P over the next ten years. I was so excited,
Speaker 3: I mean because really, if you look at it, the
Speaker 3: S and P is not performing well outside of a
Speaker 3: few stocks. Right, So it's five hundred companies and it's
Speaker 3: like ten stocks that's driving in. All of those ten stocks,
Speaker 3: for the most part, are all technology companies. So how
Speaker 3: long you know, it's like one of these things, right,
Speaker 3: like you can't carry dead weight for But so.
Speaker 1: Long we've got some time.
Speaker 3: So tech stock, the tech stock craze. How long is
Speaker 3: this gonna what's the.
Speaker 1: Deal with this?
Speaker 4: It's just gonna do incredibly well until late twenty twenty six.
Speaker 4: I've been saying it's four few years in stock club.
Speaker 4: Twenty twenty seven is when we're gonna see hell on
Speaker 4: Earth and a lot of companies that are not doing.
Speaker 4: A old boy who kept talking to me about Intel
Speaker 4: and Video replaced it. I do this for a living
Speaker 4: before y'all knew who I was humbling. Respectfully, I'm in
Speaker 4: a good place, so it's for shod But I need
Speaker 4: y'all to stop criticizing because y'all don't read and because
Speaker 4: you don't actively invest in the market. Twenty two to seven,
Speaker 4: we're going to have a dramatic pullback. Could I see
Speaker 4: a twenty five to forty percent drop then for sure.
Speaker 4: Dropbox just laid off twenty percent of its workforce. If
Speaker 4: you are not aled, you're having a dramatic issue. The
Speaker 4: rust of two thousand is still struggling. I've been talking
Speaker 4: about the debt to GDP ratio forever, which has been
Speaker 4: a major issue. Trillions of dollars of losses are sitting
Speaker 4: inside of banks and nobody's talking about it.
Speaker 1: Free Thug.
Speaker 4: We talked about young Thug getting free more than that
Speaker 4: the last six weeks, and no one's talking about this
Speaker 4: as scale, which is a student loan crisis is really big.
Speaker 4: But what's driving our value and what is our main
Speaker 4: export technology? So in video will get bigger at some point. Apple,
Speaker 4: I think by twenty twenty seven will be third in
Speaker 4: terms of market cap for.
Speaker 1: Years.
Speaker 2: Well, let me let me just run down these numbers, right,
Speaker 2: because if we're talking about that, how far can we
Speaker 2: go in terms of growth? Do you think in video
Speaker 2: be a four trillion dollar company in the next three years?
Speaker 1: Absolutely right? Do you think Apple will?
Speaker 2: I'll say, yeah, yes, yeah, Microsoft, of course, right, they're
Speaker 2: all right, And so then it leads you so well,
Speaker 2: if those are going to affoord, does Alphabet look like
Speaker 2: it can get to three trillion?
Speaker 1: Yeah, Alphabet fux I'm gonna.
Speaker 2: Be I think it can. I think Amazon will get
Speaker 2: there first. Yes, but then I met us right there
Speaker 2: at that one. TSM is about to be a trillion
Speaker 2: dollar company? Do we see that slowing down? So like
Speaker 2: that can now jump a few places. And so if
Speaker 2: we're talking about does technology lead for the next two
Speaker 2: to three years, for sure.
Speaker 1: Lead the next decade.
Speaker 4: But like we're trying to say it though the other
Speaker 4: okay company fifteen through four ninety.
Speaker 2: Eight, we still got some ones in there, reserve player.
Speaker 1: But why twenty twenty seven.
Speaker 4: Let's just say because I'm tired of people stilling, so
Speaker 4: my mom telling me so they couldn't still don't tell everything,
Speaker 4: But twenty twenty seven is going to be a changing
Speaker 4: of the guard for a lot of companies, like Apple's
Speaker 4: apex will be in twenty thirty four, just like we
Speaker 4: had a shift from twenty nineteen to twenty twenty one,
Speaker 4: and what companies led.
Speaker 1: Twenty twenty seven is.
Speaker 4: A very pivotal year on a decade level, when a
Speaker 4: lot of hedge funds are going to offload certain investments
Speaker 4: and then people are going.
Speaker 1: To start to walk away.
Speaker 2: So here's a follow up question to that, right, because
Speaker 2: it's important because this happened over the weekend as well.
Speaker 1: First, tire I had to way three hundred billion billion
Speaker 1: in reserves. YEP, I don't think Buppet.
Speaker 2: Let's say he's not there's a chance he doesn't make
Speaker 2: it to twenty twenty seven.
Speaker 1: There's a chance he doesn't make it to.
Speaker 2: Why the cash pile and the selling of tech if
Speaker 2: that's his case.
Speaker 4: Because when you have that amount of shares, you can't
Speaker 4: liquidate all at one time. You have to eventually leg out.
Speaker 4: And also too, I think he knows something. Okay, if
Speaker 4: I'm looking at America as a say possible the commercial
Speaker 4: real estate is messed up.
Speaker 1: No one wants to talk about it.
Speaker 4: There's maybe fifteen companies in tech that are driving all
Speaker 4: the valuations. Startup scene is in shambles, private equities in shambles.
Speaker 1: Banks are in shambles.
Speaker 4: If I told you that that was my business model,
Speaker 4: which you invest in me, yes or no? The answer
Speaker 4: is going to be known. So at some point the
Speaker 4: House of cards has to correct. And I think he's
Speaker 4: jumping now. I think it's a mistake to look with
Speaker 4: Athis early. But there's a reason he has that cash
Speaker 4: on hand. And going back to why he sold off
Speaker 4: in Bank of America, I want to say this again,
Speaker 4: there are trillions. Okay, imagine if you're a trader and
Speaker 4: you're a p and L said negative three trillion.
Speaker 1: There's ten banks that are and for.
Speaker 4: Those of you who don't know, the level of losses
Speaker 4: that are sitting on the books is worse than two
Speaker 4: thousand and eight. And I'm going to declare this too
Speaker 4: about twenty twenty seven that Max seven is going to
Speaker 4: be a fantastic four. Whoever I heard that analogy before.
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