Bizarro World Podcast,
with Nick and Gerardo
Nov. 4, 2024
It is a buy-the-dip-moment in gold.
Prices are down slightly from the $2,790-per-ounce record hit last week.
Volatility surrounding the election is only one reason it will move back higher.
The debt that both candidates are avoiding now costs the country over $1 trillion per year just in interest.
The consequences of their ignorance will mean the disappearance of social safety nets like Social Security over the next decade. Any victory that either party claims tomorrow is pyrrhic in nature as a result. Google it.
It’s why people are drowning in debt, working two jobs, or turning to wonky financial advice and strategies purveyed by the “experts” over at TikTok. One recent viral trend called the “ATM hack” told viewers to write a bad check to themselves, then withdraw the money before the check bounced.
Instead of finding themselves rich or out of debt, those folks are finding themselves in court.
And yet, the government will pursue the same tactic to pay off its debt.
It’s that money printing and financial engineering that have sent gold to record-high prices. Bitcoin touched record highs last week as well.
The only winners this election season are the assets that can protect you from the government’s ineptitude.
This gold stock is up more than 200% this year as we head into the election.
It’s not an ATM hack. But it works and it's real.
We discuss all this and more in the 291st episode of Investing in Bizarro World.
0:00 Intro
2:01 Buy the Dip Moment in Gold
9:25 Base Metals and Energy Market Dynamics
13:21 The Consequences of Politicians Ignoring the Debt Crisis
24:22 Better Than an ATM Hack
38:58 Premium Portfolio Picks: Aldebaran Resources