
This is a recording and an edited version of our live Twitter Spaces event from Friday May 19, 2022. This is an open discussion and this weeks participants include Steve St. Angelo, Bob Coleman, and Jim Hunter. David Morgan joins us in part two due out later in the week.



Steve St. Angelo takes us on a deep dive into the serious energy problems the world is facing. He explains why there are no easy solutions.



Follow our Twitter to find out when the next live stream space will occur. Be a part of the conversation!



Bob ColemanTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/



Jim HunterTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com



Steve St. AngeloWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g

Palisades Twitter Spaces – Part One – Featuring Steve St. Angelo – Rebroadcast – May 19, 2022

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Tom Bodrovics welcomes back John Rubino, a former Wall Street financial analyst and author, to discuss the current bull market in gold. Rubino asserts that gold's intrinsic value is significantly higher than its present price, which could reach $5,000 to $10,000 per ounce based on historical analysis. He also posits that a potential collapse of the financial system due to debt could lead to a return to a gold-backed currency or a currency reset.



They explore the implications of inflation and currency devaluation on various assets including stocks, real estate, bonds, and gold. John argues that adjusting investment numbers for inflation offers a different perspective on asset value over time. He warns about potential risks in the financial system, such as a commercial real estate crash or an equities bear market. He also discusses the deficit in the silver market, which could result in significant price spikes and potential defaults on futures contracts.



Despite uncertainty, John suggests investment strategies for investing in real assets like gold and silver. Investors should consider gold as a long-term investment and focus on positive goals during uncertain times to build capital for future challenges. Gold is currently seen as a store of value, but demand for it is minimal but starting to rise. Once gold breaks through resistance and support levels, it could lead to a significant run in the market.



Time Stamp References:0:00 - Introduction0:45 - Gold Market Developments4:10 - Gold Backing & Debt8:15 - Who Will Buy US Bonds?12:45 - Inflation Outlook17:28 - Asset Valuations22 :38 - Gold Drivers & Geopolitics27:26 - Next Financial Crisis?33:10 - Silver & Supply Issues38:10 - Silver Industrial Demand42:38 - Investment Demand & FOMO47:35 - Wrap Up



Talking Points From This Episode




* Gold's potential value increase, reaching $5,000-$10,000 per ounce based on historical analysis.



* Risks of financial panic, potential scenarios like commercial real estate crash or equities bear market.



* Investment strategies proposed to protect against times of crises.




Guest LinksSubstack: https://rubino.substack.comBooks: https://tinyurl.com/5buyvy6v



John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022, and now publishes on Substack.

John Rubino: What Do You Get When Central Banks are Panic Buying Gold?


Tom welcomes back Ravi Sood to the show to discuss the many changes in the economy and mining industry. Ravi touches upon various topics related to the global financial system, gold prices, and the impact of the 2007-2008 financial crisis. He discusses the lack of significant changes in the financial system since the 1970s and the potential role of Bitcoin in challenging traditional monetary systems. He also highlights the uncertainty and potential risks in the current economic situation due to the pandemic and other factors. The conversation also delves into the importance of investing in physical commodities like gold and other minerals, as well as the role of technology in driving demand for these resources.



Furthermore, they explore the effects of a strong US dollar on the economy and suggests alternative policies to improve trade balance. The discussion also covers the challenges in regulating cryptocurrencies and the potential impact of CBDCs. The gold market is analyzed, with the author noting signs of optimism amidst a perceived bubble, and the mining industry's financial issues are also discussed, along with the interest in renewable energy transition and the cyclical nature of commodities business.



Throughout the interview, Ravi emphasizes the need for a better understanding of the financial system and the importance of making informed decisions based on current economic conditions and potential future changes.



Time Stamp References:0:00 - Introduction3:30 - Gold, Bias & Sound Money10:17 - Global Can Kicking17:42 - A No Win Scenario?20:00 - US Commodity Demand22:28 - Feds Levers & Control Risk26:44 - Bitcoin, Banks, & ETFs33:50 - Commercial Banks & Economy36:05 - Unhedged Mining44:52 - Gold Highs & Reality49:05 - Mining Industry Health56:17 - Energy & GDP Correlation59:00 - 3 Phases of New Energy1:02:20 - Green Energy Storage1:05:04 - Commodities & Capital1:07:18 - Wrap Up



Talking Points From This Episode




* The financial system has not seen a major shift since the 1970s, with concerns about sustainability of the existing monetary systems.



* Physical commodities like gold and other minerals could help the United States address economic challenges by creating jobs and reducing reliance on foreign currency.



* The gold market exhibits signs of optimism for an eventual end to its current bubble, with factors such as increased production and lower interest rates affecting its future.




Guest Links:Website: https://golcondagold.comWebsite: https://evrec.energy



Ravi Sood is Chairman of Golconda Gold and an experienced financier focused on emerging markets. Mr. Sood was the founder and former CEO of Navina Asset Management, a Toronto-based investment firm that was acquired by a major financial institution. Mr. Sood also serves as a director of several companies including Blockchain Power Trust, Feronia Inc., and Eve & Co. Previously Mr. Sood was a director of ICC Labs (acquired) and Elgin Mining (acquired).



Ravi Sood has a bachelor's degree in Mathematics from the University of Waterloo.

Ravi Sood: All the Monetary Alarms are Deafening


This is a rebroadcast of our April 10 Twitter Spaces focusing on the recent metal moves, the metals industry, and overall investor sentiment. Bob Coleman and Vince Lanci discuss the effects of big players in the markets and how investor sentiment remains cautious. Jim discusses why margin requirements have to be adjusted during periods of volatility. Vince and Bob discusses at length the various big players in the market and how they influence it along with their general strategies. Lastly, Bob discusses the role of ETF's and the current premiums on physical metals.



Note:  Unfortunately, the last hour of this spaces was not recorded properly.



Bob Coleman - Idaho Armored VaultTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/



Vince LanciSpecial Discount: https://vblgoldfix.substack.com/TomPalisadesWebsite: https://vblgoldfix.substack.com/Twitter: https://twitter.com/SorenthekZeroHedge: https://tinyurl.com/3x72ndfcLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://twitter.com/boobsbullion



Jim Hunter - Registered Commodity Broker with AllendaleTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com

Spaces: Precious Metals Market Sentiment & Analysis with Bob, Vince, and Jim


Tom welcomes back Simon Hunt to the show. They discuss various economic and geopolitical issues shaping the global landscape. Topics range from potential conflicts and their impact on markets to the shift towards physical assets and a gold-backed monetary system. Simon touches upon underreported inflation, economic instability in America, China's role in reshaping the global economy, potential crisis scenarios, and the importance of diplomacy versus war.



Simon is concerned about the risk of conflicts escalating, with Russia as a key player, and the emergence of gold-backed currencies to counteract perceived vulnerabilities in fiat currencies. Additionally, they discuss the significance of rising interest rates, potential crises, and implications for U.S. elections and global geopolitical outcomes. Throughout, Simon encourages caution and emphasizes the importance of understanding the underlying economic trends and geopolitical dynamics.



Time Stamp References:0:00 - Introduction0:46 - The World & War5:38 - Equity Complacency7:02 - Russia & Syria9:17 - Economic Catalysts14:32 - Serious Correction18:18 - Leveraged Bank System19:24 - Capital Shifts & China22:57 - Gold Backed Currency29:26 - Dollar & Rates30:53 - Chinese Demographics33:50 - China's Manufacturing37:40 - Nuclear Energy39:31 - China Debt42:32 - Chasing Rainbows44:30 - Europe In Recession48:15 - Inflation Issues52:25 - Expect More Unknowns53:35 - Wrap Up



Talking Points From This Episode




* Geopolitical tensions could lead to significant market shocks in equity and base metal markets before mid-year due to underreported inflation and weak economic activity.



* Shift towards gold-backed currencies is inevitable as countries seek alternatives to perceived vulnerabilities in fiat currencies, with China and Russia likely taking a leading role.



* Diplomacy could prevent war, but tensions between the US and countries like Russia suggest that war may be an outcome if Washington continues to support the dollar at the expense of its treasury market.




Guest Links:Email: simon@shss.comWebsite: https://simon-hunt.com/



Simon Hunt began his career in 1956 in Central Africa as a PA to the Chairman of Rhodesian Selection Trust, one of the two large copper companies in what was then Northern Rhodesia, now Zambia.



In 1961, he came back to London and joined Anglo American Corporation of South Africa as a PA to one of the Board Directors, followed by being part of a small sales and marketing team for copper. From there, he helped start up a new copper development organization, CIDEC, financed by copper producers, which he then joined, focusing on conducting end-use studies of copper in Europe.



He then went into the City to gain financial experience and founded Brook Hunt in 1975. He was instrumental in setting up the company's cost studies and end-use analyses. Simon appeared as material witness and consultant in two ITC anti-dumping cases in 1978 and 1984, winning both at the commission level.



He has spent 2-4 months every year in China since 1993, and until a few years ago would be visiting some 80 wire and cable and brass mill factories across the country every year. He now restricts these factory visits to a smaller number, all of which he has known for many years. Simon also spends many weeks each year traveling around Asia.



The focus of the company's services is on the global economy, including the changing geopolitical and financial structures, China's economy and its copper sector, and then the global copper industry as each part is interconnected.

Simon Hunt: Will the Dollar or Bond Market Be Sacrificed First in the Next Crisis?


Tom welcomes back Tony Greer from the Morning Navigator to delve into the various market trends and investment strategies. Greer, who is bullish on gold, S&P;, industrial miners, and uranium, while bearish on bonds, shares his perspective on the current economic climate. He references the volatile year of 1994, when the Federal Reserve raised interest rates to combat inflation, and believes that if similar circumstances arise again, the Fed will respond with rate cuts, leading to a bullish stock market environment. The commodity sector, particularly natural resources and housing, has seen a significant shift from tech markets, which remain mixed or flat. Greer attributes this trend to potential geopolitical tensions and increasing ISM manufacturing figures, possibly pointing towards the early stages of a World War III scenario.



Greer discusses his bullish stance on gold due to central bank buying and physical demand. While some may view the recent gold rally as a head fake, he remains committed to the precious metal. He believes that declining total gold ETF holdings could indicate less speculation and increased interest in physical gold ownership. The speakers also touch upon the potential implications of increasing national debt on the US dollar and the possibility that fiat currencies, including the US dollar, will decline against gold. They ponder if the current trends in oil, copper, and other commodities represent a cyclical shift from underinvestment to materials necessary for economic growth.



Throughout their discussion, they emphasize the importance of staying informed about market changes and adjusting investment strategies accordingly. Greer suggests repositioning portfolios towards natural resources and industrial sectors, despite slower growth compared to tech stocks, as these markets may have more significant impacts with smaller amounts of capital. The conversation highlights potential long-term consequences of current economic trends, including national debt levels and the role of gold as a safe-haven asset.



Timestamp References:0:00 - Introduction0:40 - Bullish Stocks & Gold9:23 - Fed Games & Inflation15:12 - Gold Rally & Disorder17:15 - Gold Vs. Silver18:12 - Metals & Frustration20:30 - Capital Rotation23:17 - Gold ETF Declines24:42 - Metal Investing26:20 - The WHO Quagmire28:44 - Confidence in Media30:18 - Exponential Debt31:49 - Oil & Copper Cycles33:52 - Peak Frustration36:40 - Uranium Fundamentals39:13 - Time to Pay Attention42:30 - Wrap Up



Talking Points From This Episode




* Tony is bullish on both gold, miners and the S&P; 500.



* Declining Gold ETF Holdings could signal a shift from paper to physical.



* Tony discusses the importance of paying careful attention to your portfolio this year.




Guest Links:Substack: https://tgmacro.substack.com/Twitter: https://twitter.com/tgmacroWebsite: https://tgmacro.com/E-Mail: tony@tgmacro.com



After graduating from Cornell University in 1990 Tony followed in his father’s footsteps to a Wall Street trading operation. He quickly learned his career path would be vastly different. He says, "I would not be sitting in the same seat on the same trading desk managing the same risk for the same firm for over 30 years."



We have clearly entered a new era in financial markets.



He began in the treasury department of Sumitomo Bank on the 107th floor of the World Trade Center downtown Manhattan. Tony was an FX trading assistant while the Quantum Fund was breaking the Bank of England in 199...

Palisades Twitter Spaces – Part One – Featuring Steve St. Angelo – Rebroadcast – May 19, 2022

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