Bizarro World Podcast,
with Nick and Gerardo
July 22, 2024
We’ve long said that the US was in a period of heightened socioeconomic, generational, and political instability and volatility that would only intensify this decade.
In the context we view the world and our investments, assassination attempts and party infighting are par for the course.
In fact, for the past few years, all new members of Foundational Profits have received a copy of a special report called “Get Ready for the Turbulent 20s.” It’s not so much about stock market turbulence as it is about political and social turbulence, and how it relates to your long-term wealth and taxation. You can get it and much more here.
Anyway, we had plenty of fodder for this week’s episode of Investing in Bizarro World, which is the 278th.
Trump could be dead. Biden could be out.
And that is just the start of the discussion in the 278th episode of Investing in Bizarro World.
Gold & Gold Stocks Break Out
Assassination attempts and political infighting.
When uncertainty strikes, investors reach for the cold comfort of gold.
It is at an all-time record high price near $2,500 per ounce.
Gold stocks are now breaking out to 52-week highs.
This one is leading the pack and will continue to.
From there we take a look at how the market is reacting to this new tier of political craziness.
And as always, when investors get spooked they head for the cold comfort of a gold bar, the price of which has hit all-time highs in the past week north of $2,480 per ounce.
This gold stock we have been telling you to buy for months has now doubled so far this year. It is up 100% while the S&P, which has hit nearly three dozen all-time highs, is up 16%. We are very bullish on precious and base metals, and expect the price of gold to reach new highs shortly.
We also look at what a Trump presidency would mean for energy and tech stocks, with a focus on oil and uranium.
And we cap it off with a new discussion about private placements because there are two that we’re currently participating in. One is a lithium deal. And one is a silver IPO that will be trading in a month or two.
We recap why private placements can be so lucrative and we give you the details of the lithium and silver private placements. Click here for more information or to participate. Or call 844-334-4700.
All that and more in the 278th episode of Investing in Bizarro World.
You can watch the full episode here.
0:00 Intro
0:23 US Political Volatility
21:17 US Market Response: Volatility, Gold, Energy, Tech
33:14 A Look at New Private Placements (Silver IPO)