00:02:20.460What does that typically mean for the economy as a whole?
00:02:25.500Yeah, great question. So the first thing we want to keep in mind is that oftentimes gold works like a teeter-totter with the market, meaning that when gold is high, the market is generally falling.
00:02:36.600Now, we've seen that not be the case a couple of times, the most recent of which would have been 2008, where gold was beginning its really strong ascent there, kind of like a rocket ship going up.
00:02:46.720And the market was right in tandem there. And obviously, we all know how that ended.
00:02:50.540So historically, the way to think about it is that gold operates like a financial bloodhound.
00:02:56.760And so it's sniffing out inefficiencies or issues with the broader market.
00:03:02.500And if it is going up in the way that it is, it's generally telling us something.
00:03:06.220And it's telling us that something is coming.
00:03:17.560And so it gives us a pretty good indication that we are seeing something developing in the world of finance, maybe that otherwise we wouldn't have.
00:03:25.260That's why people use a bloodhound, is to keep the scent here.
00:03:28.360So as we see gold continuing to push these all-time highs, we look around at everything else and say, hmm, how long can this really go on for?
00:03:36.020And that's where we find ourselves today is a precipice, because people often look at gold and they'll tell me, Bill, gold seems very high today.
00:03:43.740And I would reply with, have you seen the market?
00:03:46.100and at least with gold there's pretty good you know reasons to think that it should be high
00:03:51.100with the market we've got price to earnings ratios at all time highs numbers that would astound you
00:03:56.300were talking 40 50 60 to 1 price to earnings numbers that we've only ever seen prior to the
00:04:01.700great depression so again we're seeing some of this everything bubble that maybe people have
00:04:06.980heard about talked about yeah not great that is a little bit what it feels like Antonio what do
00:04:14.900you think? Yeah, I think it would be helpful, Bill, if you shared a little bit of your perspective on
00:04:19.440some of the different factors that influence the price of gold. So, you know, you could think of
00:04:24.560think about things like interest rates. You could think about just general political, you know,
00:04:29.340geopolitical instability and those sorts of things, because it feels to me or appears to me that
00:04:33.580there are all sorts of reasons that people would be flocking to gold. And I think we're actually
00:04:38.000at a really unique time, economically speaking, where it isn't evident which which of those
00:04:43.860reasons or which of those factors is the primary cause. So we'd love to hear more about that.
00:04:49.660Yeah. And you bring up a really great point. And that is that there are so many, it's almost like,
00:04:54.580you know, they don't rake the forest in California. And sure enough, eventually you have a forest fire
00:04:59.440and that can be created in any sort of way. And there's a lot of different issues similarly in
00:05:04.720gold that are driving it higher. But the thing that really launches it into the stratosphere,
00:05:09.120who knows which domino will fall first. So you touched on a couple great ones. I want to start
00:05:13.940with really maybe the most prevalent, and that's the national debt. Ever since we left the gold
00:05:18.580standard in 1971, we've begun this unbelievable, I mean, incalculable divergence away from reality
00:05:26.040by printing money ad nauseum there. So we now reach a point where we've got $35 trillion in
00:05:32.080national debt. And I think people hear this number and they just water off a duck's back.
00:05:37.400But that is an unbelievable number, $35 trillion. I mean, we were talking about hundreds of millions
00:05:43.820of dollars of debt 30, 50 years ago, and now we're talking about $35 trillion, $1,000 million,
00:05:49.740$1,000 billion, and then 35 times that to get to where we are. The interest on the national debt
00:05:55.980now ends up being the largest line item on our country's budget. To give people a scope of really
00:06:02.200how long it took to get to a trillion. We took 205 years from the time we started the dollar
00:06:08.540to reach a trillion dollars in national debt, this country's history. We now do that every
00:06:13.040hundred days. So 205 years, now we do it every hundred days. So that cycle there, it's parabolic,
00:06:20.380right? It's not going to go 35, 36, 37. Eventually it's 35, 45, 55, 100, and then we get to
00:06:27.820quadrillion. So at some point, there is a critical mass that this reaches where it does
00:06:33.580completely implode there. So the question is not if, it's when. This is an unsustainable debt
00:06:38.660problem. I like to call it a debt bomb because at some point that does explode. So that would be
00:06:44.120probably the first piece I would point out to people. You touched on interest rates. Obviously,
00:06:49.220that plays a part, but not in the way that people often think. One thing that people may not realize
00:06:53.940is that as interest rates come down, that's actually good for gold. Historically, we see gold
00:06:58.080do its best work when interest rates are low, because people want to protect their money,
00:07:02.140but they're not getting as much forward in bonds and whatnot. And bonds have been very flat as of
00:07:06.000late. So as interest rates come down in the future, that's actually going to be a benefit for gold. So
00:07:10.420we haven't even seen that price movement yet. And then just kind of moving right along, the other
00:07:15.160one you touched on was geopolitical instability, which is, I would say, the second one I would put
00:07:19.680right under fiscal irresponsibility. So the geopolitical climate here, and a little bit of
00:07:25.740background about myself, I did eight years in the army and military intelligence. And so I do have
00:07:30.640some of a background on this to speak to this, is that you look at other countries and there is
00:07:35.760effectively financial warfare that is occurring. That's why China, Russia have been stockpiling
00:07:41.120their central banks, stockpiling gold at all time levels. So that is very intentional. And then
00:07:46.760even just, you know, they would like to create things like bricks. I mean, there's operations
00:07:52.140in motion to dethrone the dollar for the first time since Bretton Woods. Our dollar is at risk
00:07:58.260of not being the world reserve currency. So big, big ideas there, big things going on. Which is
00:08:03.360the one that really causes gold to launch to that next level? Anyone could say it could be any of
00:08:08.820any of any of these. But that's the benefit of being in gold is that instead of looking over
00:08:13.120your shoulder constantly and waiting to find which one has has ruined your retirement or your
00:08:18.880savings, you can know that whatever happens, that that's positive for you. It's a prudent thing to
00:08:23.220do to be in metals. Yeah, that's helpful. And so is it is it a right way to think about gold?
00:08:29.060As you think about the price change of gold, right? It's actually not gold getting more expensive,
00:08:34.980so to speak, but it's actually the dollar weakening with respect to gold. Is that the
00:08:39.040right way to think about it? That's a great way to think about it. So in a statistic here,
00:08:43.960just kind of to make that point here, when again, when people talk about gold being so high,
00:08:48.440it seems overvalued, gold relative to the strength of the dollar is actually lower than it was in
00:08:54.860the 80s. So that means that all this growth in gold, we're still under the natural progression
00:09:00.240of gold, meaning that you've got an even greater relative growth to be expected here. Right now,
00:09:05.720people are this is a not an economy where people are you know dying to protect themselves this is
00:09:10.960a greed economy and as we know through all of history when everyone else is being greedy that's
00:09:16.400the time you want to be safe and conservative you know whenever you know there's that old saying but
00:09:20.220in this time here where i mean you can look at what i remember nfts were a thing a couple years
00:09:26.480ago and all of a sudden people were paying millions of dollars for pictures on the internet i mean
00:09:30.500i've never seen that before cryptocurrencies is you know going ballistic and don't get me wrong
00:09:35.160I mean, there's certainly some some value to cryptocurrency. But when you look at it and you say, man, this feels like a bubble.
00:09:41.780Guess what? You're right. And and absolutely no need to be chasing a bubble before it pops the the last sucker in before it pops, as they say.
00:09:50.880Yeah. Yeah. And that's where I think it's like the most interesting. Right. With respect to gold is like the extent to which you should view it as sort of a leading or a lagging indicator of what the market's going to do.
00:10:00.460because obviously, you know, we do tend to view that the stock market is hyper efficient or at
00:10:05.580least efficient. And so when you see the price of gold go up or you see a weakening dollar,
00:10:11.480you like to try to take signals in terms of, OK, what should my general sentiment toward the
00:10:16.640economic outlook be? So whether it's, you know, I expect interest rates to fall and I see gold
00:10:22.680going up and so I have higher confidence that that's going to occur, you know, you can then
00:10:29.180start to sort of practically speaking as an individual uh think about your finances in that
00:10:33.840way yeah absolutely oh go ahead well i was i was gonna ask what do you think about um in this
00:10:41.740economic climate what do you think about banks like bank of america wells fargo um is is this
00:10:48.580like because you mentioned 2008 um but wasn't correct me if i'm wrong wasn't um a lot of the
00:10:55.680crash like 2006 and seven and eight it was starting to uh it was starting to recalibrate by that point
00:11:03.060or no yeah so so really what was happening was we were starting to see the cracks obviously you know
00:11:09.600the mortgage-backed securities crisis was really what caused that and so as as those uh guardrails
00:11:15.740had dissipated there is this this fiend for more money people want to create more money and so
00:11:20.580they'll cut corners to do that. And so that's what was starting to occur into six and seven.
00:11:26.660And there was a lot of, we saw the sign, at least we saw some of the signs. I mean,
00:11:30.880people like Michael Burry, obviously, were more aware than others, but the numbers were there.
00:11:35.080But I think throughout history, there is a reality that when the problem becomes too big,
00:11:41.520people will ignore it. And I think that we're in a similar position now, for instance, with
00:11:46.040national debt when the problem becomes so great that it becomes unfixable people would rather
00:11:52.200bury their head in the sand than acknowledge it because it could never happen here well it would
00:11:57.000never happen and i'm sure people in venezuela said the same thing about their currency i'm sure people
00:12:01.960in zimbabwe said the same thing about their currency i'm sure uh in throughout europe as
00:12:06.120currencies have failed they've all said the same thing well it couldn't happen here well it
00:12:09.000wouldn't happen here it absolutely does happen here fiat as a whole has one natural end result
00:12:14.760And when I say fiat, just for those listening that may not understand what I mean by that, fiat is money that is backed by nothing, or at least nothing tangible. So the good faith and trust of the United States government as our money is. The natural result of fiat, and this is, I think, a theological point, but the natural result of fiat, when it is based on man's greed and what man can do, will always be more greed more and eventually collapse. It cannot last forever.
00:12:39.620And I think that that is one of the fundamental biblical financial truths that I've come to in my studies is that when we put man in charge of this in that way, that is going to be the natural result.
00:12:51.020And if you are playing in the sandbox, shall we say, with these people that make the rules, the bankers, et cetera, that make the rules in such a way that creates this kind of calamity, you really, in a way, only have yourself to blame because, you know, I think every person knows that the game is rigged against them in this way and that people, you know, bankers and whatnot will make out tremendously well and they will be left on the sideline, as did happen in 08.
00:13:16.440And so if you're in that system and you say, man, I'm realizing, I'm having an epiphany that this will not end well for me, you're right. And you don't have to be in that sandbox. And that's where, you know, why I'm so passionate about metals and where we come in.
00:13:29.640what what do you think uh real quick what do you think about bitcoin um i so so for myself i i like
00:13:36.400it in the sense that it's similar to gold that it's uh it has scarcity right bitcoin is finite
00:13:42.040um you know there's 21 million there'll never be any more um and i feel like a decent portion of
00:13:47.940that by this point has been lost um you know so if anything uh it could decrease um in terms of
00:13:53.640the amount not not its value but the amount of bitcoin whereas gold i mean it's certainly scarce
00:13:58.820it's certainly rare but it's you know the you know it's it's basically it's it's basically finite
00:14:04.400um uh in reality in practice but theoretically you know elon musk could uh find some golden
00:14:10.340comet you know circulating around mars and bring it home and you know and and gold is is common as
00:14:15.860grass you know so like that that is possible uh but gold also you know bitcoin doesn't really
00:14:21.220have much utility blockchain technology you know there's some utility but at this point anybody
00:14:26.080you know can make you know some kind of cryptocurrency and so you can you know bitcoin
00:14:30.360is bitcoin because it's it was the first but there's there's lots of other people who can
00:14:34.260make you know in terms of the utility of bitcoin um and whereas gold actually it's it's one it's
00:14:39.880beautiful there's an aesthetic that is desirable for people in addition to that um as a metal it's
00:14:45.600actually unique it's malleable so it's able to be used in tech and different things like that
00:14:49.840um in a in a useful uh way and then you know and then also um you know gold yes you can find a
00:14:56.800golden comet maybe you know in theory you know it probably won't happen but in theory it could
00:15:00.480happen uh but bitcoin um is is secure as it may seem as technology increases quantum computing
00:15:07.400uh is something that comes to mind like it is feasible that bitcoin could be hacked um you
00:15:13.080know whereas gold you know gold can be physically stolen you know there could be some great heist
00:15:18.100you know or something like that but um but gold can't be you know it's not not one hacker in the
00:15:23.540middle of the night could crack the code and then all of a sudden the gold is you know vaporized and
00:15:27.960gone so in that sense gold seems valuable i think bitcoin also has value but i i was wondering if
00:15:33.500you could you know compare and contrast the two just a little bit um but then also i i'd love to
00:15:38.780hear you know not not that you know you don't have to speak from authority uh but just as a human
00:15:43.660being what what are your predictions uh for for bitcoin um alongside gold because i think bitcoin
00:15:49.900is treated as as basically a digital gold and so i i think i think both are you know are probably
00:15:56.460going to rise together that's my prediction but i'd love to hear yours yeah absolutely so i think
00:16:02.380when we talk about gold and bitcoin one of the first things i like to point out is how have they
00:16:08.860performed you know i like a track record with any investment i always think a track record is very
00:16:12.940important and one thing that i will always you know point out with bitcoin at least to this point
00:16:17.900and this is goes back to my earlier point here that uh you know some some of the the bubble talks
00:16:22.940here about everything is that every time we've been faced with a major financial upheaval we've
00:16:29.660actually we've seen bitcoin retract dramatically which tends to tell me that the confidence there
00:16:34.860is maybe not in the same way that it is in gold in fact and it's the opposite we saw you know the
00:16:39.660the pandemic, you know, COVID, all of that. When that came through, of course, gold, you know,
00:16:45.300went up, was very, very strong, the strongest asset around. And of course, Bitcoin dropped
00:16:50.380dramatically initially, eventually, obviously came back. And, you know, what we see that is
00:16:54.220that when things hit, you know, the Bitcoin investors do get scared, which tells me something
00:16:58.720psychologically about the people that even own crypto. And that's that they may not believe in
00:17:03.020it as much as they are excited by it. Now, I'm not trying to say that Bitcoin doesn't have its
00:17:08.720purposes. I think it sure does. But, you know, and I look at this just again, track record. And
00:17:13.140then the other piece that I look at any sort of investment with is my fundamental understanding
00:17:17.120of my faith and how that plays in to this. And I look through, you know, I read through
00:17:20.940Genesis to Revelation. And one thing that seems constant is, you know, gold as both in the
00:17:28.420beginning and in the end here. And so I understand that, you know, they didn't have the context of
00:17:32.980the words to talk about Bitcoin in the Old and New Testament. But I also realized that I think
00:17:37.860there is a lot of truth in, you know, God's commandments to give us tangible. And you're
00:17:43.060right. We could go out and find a meteor. Sure, anything could happen. But I think a more likely
00:17:48.320scenario, you're right, is something like quantum computing. So I just look at it purely in terms of
00:17:53.920track record, security, safety on metals, and then a little bit more skepticism. I look with
00:17:59.380a bit more skepticism on something like cryptocurrency. And I'm not saying that
00:18:02.960people can't own it, shouldn't own it or anything like that. That's their own decision.
00:18:05.720i'm just saying that uh you know i'm a tried and true kind of guy uh gold and silver have been
00:18:10.900tried and true from genesis and will be tried and true until revelation so i look at that and that's
00:18:16.160you know getting a little more into the theological basis there so i don't want to touch too much as
00:18:19.900we can i i appreciate that that's honestly that's really compelling for me um because i i think if
00:18:25.660there are certain points in the old testament where um all of a sudden you know like uh the
00:18:30.480price of wheat you know drops immensely you know or you know different commodities you know we
00:18:36.540think that we're so sophisticated and that you know everybody was a Neanderthal before us which
00:18:40.560is not true at all but the reason why there would be big swings like that is like if Israel went out0.69
00:18:45.840to battle and you know and God was with them and gave them victory and they plundered their enemies
00:18:51.020and all of a sudden they have all these resources so you know they had you know far more limited
00:18:55.880resources in israel one day and therefore the price was was higher and then they conquer this
00:19:02.500entire you know tribe over here and and this tribe was a wheat tribe you know that had a bunch
00:19:08.620of wheat and so now the cost of wheat is um significantly cheaper and and that swings in a
00:19:14.200day but there's no story that i'm aware of um in scripture where that happens with gold um even if
00:19:21.940even if they conquered kings that had a bunch of gold then it's just like okay now you know now we
00:19:26.820just have twice as much gold and twice as much value it doesn't cut the value in half because
00:19:31.460gold is still viewed as as valuable uh regardless but the thing that you said that i thought was
00:19:36.260really compelling is thinking of you know the book of revelation and you know i'm post-millennial so
00:19:41.540i think a decent portion of the book of revelation has actually been fulfilled i'm a partial preterist
00:20:12.500And they're not paved with whatever, with wheat there.
00:20:16.760And so it seems as though in the mind of God, in God's economy, not only was gold valuable in the beginning, I like how you said Genesis to Revelation, not only was it valuable in the beginning, but it's still valuable in the present, and it would even be valuable in heaven, that it would have kind of an eternal value, which is really unique.
00:20:38.340yeah i was just gonna say like in that way you know gold is is was made by god and bitcoin and
00:20:45.640these digital you know store of values they've been made by man they're man's abstraction in
00:20:51.320the same way that uh fiat currency is frankly i mean i really like that but even to the practical
00:20:56.600point bill you you'd made about um i think what you were saying is that you know bitcoin and
00:21:01.180ethereum uh these kinds of things they actually behave like like equities or historically they've
00:21:07.840behaved like equities moving up and down with the nasdaq moving up and down with apple and so even
00:21:13.100as a practical investment vehicle it's like i actually i see gold as an asset that diversifies
00:21:19.300more portfolio in other words i actually want it to move inversely for example with with inflation
00:21:23.960and with the money supply not not in uh in accordance with it and so i thought i thought
00:21:29.600that was helpful i did want to introduce i this is really just selfishly i've had this thesis
00:21:34.640about, uh, you know, Bitcoin specifically, uh, and its universality. And, uh, I, I obviously
00:21:41.440think biblically speaking, the civil magistrate has a responsibility to control its economy to
00:21:46.400some extent, not, not necessarily to, um, you know, a totalitarian extent, but in the sense
00:21:52.920of protecting its borders, protecting its center citizenry. And I think Bitcoin actually, there is
00:21:57.380a unique exposure, um, uh, to, you know, foreign influence in the economy when you use a currency
00:22:03.840like that. I would love to hear a point about that. And then I guess I'll just throw in this
00:22:07.880other concept of the centrally banked digital currency and sort of how that's different and
00:22:13.780what that, you know, we see something like that in China, for example, emerging and how that's
00:22:18.340different. Sure. So to the first piece there, you're right. I mean, obviously, you know, gold
00:22:23.720suffers from this blessing and a curse in some ways as well, in that it does maintain quite a
00:22:29.420bit of anonymity there. And this is specifically talking about cryptocurrencies and gold. So,
00:22:33.380not CBCs, which I can get to in a second. But there is an anonymity there, which presents,
00:22:40.080again, benefits, but also problems. Because who's to say a politician isn't being funded directly by
00:22:47.000another country, a rival country? And we couldn't really stop that or find that much easier to do,
00:22:53.780not totally possible, but much more possible to do when we're talking about more common,
00:22:59.820conventional means of funds. So it does present somewhat of a problem. But the other piece that
00:23:06.360you touched on, CBDCs, that I would say is much more scandalous in my mind. And the reason being
00:23:13.240is it gives such a broad amount of control to the issuer of that. Whereas I think every person
00:23:21.460wants some level of anonymity with their finances, some level of privacy with their finances. I don't
00:23:27.180think that's saying that much. And, you know, people can debate where they want to draw that
00:23:30.340line more or less, and that's fine. But when we talk about complete and utter surveillance on your
00:23:36.880money, which is something like CBDCs, and for viewers that aren't familiar, central bank digital
00:23:41.720currencies, that would be a currency issued by government similar to a cryptocurrency that would
00:23:47.660then be accessible and controllable by the issuing body. So for the United States, that the talk of
00:23:52.920that would be fed now. That would be the coin that they're speaking of. So what it gives is
00:23:57.780a tremendous level of control that I think should make every person uncomfortable. I would absolutely
00:24:02.900say that that starts pushing the boundaries into, you know, how could this be weaponized against a
00:24:08.920public? So it's not something I'm super comfortable with. You know, I'm sure there's people will
00:24:13.020disagree with me, but that's why we live in America. Okay. Super helpful. I want to come
00:24:19.180back. I want to talk about Bitcoin a little bit more and hear your predictions and give an excuse
00:24:24.560for me to give some of my predictions because it's just fascinating and fun. So I want to talk
00:24:29.980about Bitcoin, talk about gold. I want to talk about really specific for the audience. This is
00:24:35.780not financial advice. This is just strictly entertainment. We give theological counsel,
00:24:41.760but we are not qualified to give financial counsel. But I do think that it's interesting
00:24:48.320to look to the future and even the near term.
00:24:52.500So I want to come back from this commercial break,
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00:29:37.380All right, we are back. I saw a couple guys in the chat saying,
00:29:41.540RightResponseBibleGold.com, is that Pastor Joel's personal company?
00:32:20.420And I think some people, it's like, on the one hand, there's arguably a bubble, maybe
00:32:25.840it's not, maybe it is, but a bubble forming in the market.
00:32:30.120On the other hand, though, you think of Warren Buffett cashed out a ton.
00:32:35.880you know, he was, he's been an Apple forever and Apple was late to the AI game. Uh, Tim Cook seems
00:32:41.880more like a peacetime CEO than a wartime. He's not like Steve jobs. He's kind of, he's your
00:32:46.500quintessential boomer. Um, you know, God bless him. But, uh, but that's, you know, probably the
00:32:50.260best way to describe him. So just kind of, you know, back in my day, you know, uphill both ways
00:32:55.100in the snow, you know, steady, uh, steady, she goes, you know, and, and so, you know, a lot of
00:32:59.720other companies um you know really invested like microsoft you know microsoft the last 18 months
00:33:05.840has been phenomenal and apple has been left behind it's it has not seen all-time uh new all-time
00:33:12.540highs uh in quite a while and so i see some of these companies growing but you know but there
00:33:17.040actually might be some value there with artificial intelligence and some of the things that it could
00:33:21.060produce um it could just be that that we're sitting on you know but it's a gold mine uh with
00:33:27.100you know with new innovation and technology and those kinds of things or we could not but my my
00:33:31.440point is um you know warren buffett just as one example but i think i saw tom lee uh recently come
00:33:37.100out uh an economist for fund strat and he said that i think seven trillion dollars of institutional
00:33:42.780money big uh smart money uh investors is currently on the sidelines um so there's actually there's
00:33:49.260it's weird it's like we have all-time highs and yet at the same time there's uh in in my um in my
00:33:55.340analysis it seems like there's also simultaneously a lot of hesitation it's not like everybody you
00:34:00.320know it's one thing when it's like you and you know when when it's thanksgiving and your grandma
00:34:04.920is asking you how to purchase fart coin like get out abandon ship you know like like the sky is
00:34:13.560about to fall right when grandma starts asking you you know how to buy you know pepe you know
00:34:17.700or whatever then uh we're in big trouble um but but i i see kind of like there is some of the
00:34:22.820fanaticism with the market and AI and these kinds of things. And yet at the same time,
00:34:27.700there's like trillions of dollars on the sidelines right now. And I think that's part of what's
00:34:32.340driving up price of gold. I think some of those guys are in bonds and in gold and things like
00:34:38.960that. So when I look at the investing world and I look at actual hedge funds and firms and smart
00:34:45.660money. A lot of them don't seem like they're acting crazy, like 2006, 2007, you know, 2008
00:34:52.560before a crash. A lot of them, I think, are actually, in some ways, you look at the greed-fear
00:34:58.520index, and we're not. We believe it. I mean, yes, I understand total depravity and man's heart,
00:35:03.940you know, being greedy, you know, kind of as a default setting. But in terms of, you know,
00:35:10.420relatively speaking, we could be a lot more greedy right now. We're actually, there's,
00:35:14.000you know we're decently into the um you know kind of in the middle like a little bit of fear a little
00:35:19.100bit of greed uh even with retail investors you know people are kind of people are talking about
00:35:24.580well maybe this is a bubble i'll wait for it to come down uh let's let's see what happens in
00:35:29.780september with fed pal you know and maybe we'll get interest uh because you know he even you know
00:35:35.080came out dovish in in the last fed meeting um in uh august uh which you know because the market you
00:35:41.120could see the few days leading into that Fed meeting, there was, you know, there was a pullback
00:35:45.020and some hesitation. Is he going to come out hawkish and, you know, say the sky is falling?
00:35:49.940But he actually used the kind of language that investors, you know, in the market were looking
00:35:53.840for in terms of he said, I think we now need to shift our focus, right? He's been banging the
00:35:59.280drum of inflation, inflation and inflation. And, you know, but he came out and actually said,
00:36:04.680you know, now he's a little bit more worried about unemployment and some other. So he actually
00:36:10.420shifted his rhetoric to saying, I think maybe now we've tamped down inflation some. It's not great,
00:36:17.980but some. It's not like it was in 2021, 2022. And now the bigger fear is stagnation rather than
00:36:27.700inflation. And so making money cheaper for corporations to use them. And so my point is,
00:36:33.660i i see like bitcoin i don't think it's done i i think it's it's going to continue to uh to to go
00:36:40.260to the moon i think 168 000 i definitely don't think gold is done i think that's going to keep
00:36:44.840going and unlike bitcoin it's not necessarily this four cycle you know four-year cycle thing
00:36:49.320but then even the market i i personally i could be wrong i tend to be more of a pessimist but
00:36:56.100but right now i actually think the market has uh some legs i could see an end of the year rally
00:37:01.320similar to 2020, we spiked after COVID all the way to like January. And then we came down some
00:37:08.400and then 2021, that last final Q4, again, kind of spike. So I could see the market coming down
00:37:16.320towards the very end of the year, Q1 of 2026 and recalibrating, maybe a sell-off, maybe a strong
00:37:25.200pullback or even a correction um maybe maybe a crash uh but but i don't see uh the market coming
00:37:32.240down next week um not not significantly especially now that i think uh the latest is um it's 90
00:37:39.140percent you can bet on everything you can bet on uh not just the market uh but you can bet on
00:37:44.460interest rate cuts you can bet on you know sports you know all these and and right now you know you
00:37:49.300look at um polling and uh some of the the betting sites and uh it's a 90 percent um a bet for rate
00:37:57.640cuts in september um is is what right now people are pricing in um and i think most people are
00:38:03.500expecting a 25 basis point uh rate cut and personally again not financial advice i wouldn't
00:38:09.260be surprised if fed pal right here at the end of his tenure you know comes out and um and and even
00:38:15.460gives us you know a surprise you know 50 point basis uh cut which the market would rally and
00:38:21.120soar off of that and so would bitcoin and so would gold so i i think i don't know it's weird but it's
00:38:26.220like all three right now are are going together and i think part of the reason all three are going
00:38:30.040together is because i personally um i i think that yeah a lot of people are in the markets but
00:38:35.480seven trillions on the sidelines and i think people are invested in gold because there actually
00:38:38.980is some fear and not just greed right now i think we have like a pretty even mix of fear and greed
00:38:44.040and so this i think we just have a ton of money i think i think we just have a ton of money right
00:38:49.860now and so it's just every everything is going off the charts uh because america despite all
00:38:55.140of our problems and mass immigration all these kinds of things at the same time um part of the
00:39:01.020reason why we haven't had a crash this year um you know we had the scare after tariffs in april but0.70
00:39:06.160but since then is because um each quarter these these monolith companies keep putting up they
00:39:13.780keep beating the earnings expectations. Like they actually are producing, you know, and I'm not even
00:39:20.500saying they're moral or anything like that, but they are putting up massive numbers, massive
00:39:25.320production, tons and tons of money continuing to pour in. And so I do think it's different than
00:39:32.300like 2006, 2007, 2008, and some of the things that have led to a crash before. But that's my
00:39:39.060prediction i think 168 000 for uh bitcoin i wanted to see if you think bitcoin will keep rising or
00:39:45.160if you think it's already hit the top and then also what's your prediction let's just say for
00:39:49.620end of year end of year prediction for gold yeah absolutely so i mean i won't be as quite as eloquent
00:39:57.020as you and and of course you know there's there's people out there that uh know bitcoin probably a
00:40:01.800lot better than i do or other cryptocurrencies but you know not a prediction not a prediction
00:40:06.140in the sense that, you know, anyone should take this as financial advice or anything like that.
00:40:09.700But but I would look I would even be actually a little more generous to Bitcoin than you and
00:40:14.240probably say about one hundred and seventy thousand roughly. I think that we do see,
00:40:18.860you know, this kind of, you know, tandem move here. So I don't think that's tremendously uncommon.
00:40:23.860You know, and then, of course, maybe longer term, I would see a pullback. To me, it's not so much
00:40:28.940about the short term of how Bitcoin behaves. You know, you can rally can go up, go down. It goes
00:40:35.580left, right, sideways. To me, I look at it as there is a point here of major retraction of all
00:40:42.620across all these economic vehicles, gold withstanding, which is, you know, maybe
00:40:48.000self-serving. Obviously, I recognize, you know, where I work, but that is my belief. And so I
00:40:54.160would say that retraction, when that comes, the only question is how far are we falling off of
00:40:59.580the ledger? How high have we climbed up the ladder? So to me, you know, if people are looking
00:41:04.740to squeeze the last bits of juice out, then that's completely their prerogative. People know
00:41:09.400their own finances better than I ever will. But I do see it that way in that whether it's $170,000
00:41:15.940and then maybe it runs again, maybe it's $250,000, whatever that number is, is to me as someone who
00:41:21.900looks at this over really a long term and oftentimes with clienteles that want to hedge or
00:41:29.800they want to protect themselves from general market instability. I look at this as an if,
00:41:34.840not a when, or excuse me, a when, not an if. So I see it as almost a non-issue in that sense.
00:41:41.060To me, if I were to think about it biblically, I was talking to someone the other day,
00:41:46.020and we were talking about, and this conversation came up between us, how people look at,
00:41:52.300you know, I talk about gold and silver as, you know, hey, you want to get in before
00:41:56.580things really go sideways. And oftentimes the response I can get, not from everyone, but some
00:42:02.980people is, well, I've just, I, you know, the market is doing so well, or this is doing, you know, so
00:42:08.500great. And so I just want to hang on a little longer. And I think we see that when we, when we
00:42:13.320do any sort of ministry with people oftentimes is there's this sense of pullback with people of,
00:42:18.760well, I really don't want to, cause Christ is going to convict me on these things. I really
00:42:22.640don't want to change this because I'm having, you know, I'm having so much fun or I want to live
00:42:26.780this lifestyle. And so I really would rather just engage with Christ and, you know, come to faith
00:42:32.400later in life or whatnot. So I know that's maybe a bit of a stretch to compare those two, but
00:42:37.740functionally, I think they actually play out the same. And that is that a lot of the people I talk
00:42:42.720to seem to have an understanding that there is going to be this major retraction at some point.
00:42:48.000And the only question is when that will be. And to my point or my point to that would just be, you're either early or you're late and no one is ever on time. And that was one thing you learn in the military as well as you're never you're never you're never on time. You're just late at that point. So best to be early. So I see that here as well is when you want when you're talking about diversification, you're talking about avoiding some of this this calamitous disaster. It's being early.
00:43:14.000So that would be kind of my, but still, I would stand by, you know, what I said there at about 170,000 for Bitcoin. On the side of gold, I would say in the shorter term, so the next, I should backtrack. With gold, just to clarify, we look at it in terms of the general, if nothing happens.
00:43:31.180We talked earlier about sort of all of the kindling that exists, you know, that we're waiting for a fire to start to really dramatically rise gold.
00:43:39.720And so if any of these things happen and we go into World War Three or, you know, we see bricks really gain steam, dramatic steam, you know, things like that, where all of a sudden we're not talking about gold that, you know, 20 percent returns.
00:43:52.640We're talking about gold, you know, three, four or five hundred percent returns.
00:43:55.300And people may look at me and say, OK, you know, but no, these are these would be massive.
00:44:00.260I mean, on huge seismic shifts in our entire economic landscape and they're on the horizon.
00:44:06.040So if those happen, then then obviously all of this goes out the window.
00:44:09.920But otherwise, I would say a pretty good estimation, as far as most experts would agree, is around four thousand dollars for the end of the year.
00:44:17.080Obviously, it's about thirty five hundred roughly, give or take about thirty five fifty today.
00:44:21.140So that still represents, you know, a pretty good return, about a 15%, excuse me, about 19, 20% return there on gold there. So still quite a return in the rest of the year. And then over the next two to three years, I think 5,200 is a pretty good approximation.
00:44:39.320nation. Cool. Great. Antonio, any thoughts? Yeah, well, I don't think I'll go as far to make a
00:44:44.880prediction, but I would say I have a generally bearish assessment of the market right now. I
00:44:51.540think about this AI momentum that we see happening. Obviously, the stock market is trading heavily
00:44:58.880tech skewed, and I think that's partly because of retail investors. They're interested in the
00:45:04.480most cutting edge sort of high growth, high yield assets. And obviously it happens to be tech that
00:45:09.900happens to be Palantir and Tesla and Nvidia. And so there's those sort of represent a disproportionate
00:45:15.480amount of trading volume and those sorts of things in the market. But I tend to see this time in the
00:45:22.480economy as sort of like, I guess I would call it stably uncertain. So going back to your point of
00:45:27.340like, you have all of this dry powder on the sidelines, and we're trying to wait and see what
00:45:31.960will happen with tariffs, what will happen with, you know, interest rates, but also people are
00:45:37.520seeing the market and they see, particularly in tech stocks, high PE valuations. And they're not
00:45:44.380really sure if there's anything, any juice left to squeeze out of some of these sort of high
00:45:49.660momentum companies and stocks. And so I think there's, that's sort of where we're at. We're
00:45:55.940just sort of in a waiting period, so to speak. And then I think that the most important piece
00:46:00.140is this AI, what some would call a bubble, which is you're seeing a ton of investment into AI. AI
00:46:06.360for my tractor, and if I'm John Deere, AI for my finance system, if I'm a bank, for example,
00:46:17.560right? So everyone's investing in AI, and we haven't really seen the payout, if you will,
00:46:22.400or the yield from that investment. And so people are really trying to figure out, like, is this a
00:46:26.140bubble everyone's talking about ai every startup saying we're this company ai right they're trying
00:46:31.660to capitalize on the on the wave and i think in this way where we're at is kind of analogous
00:46:36.200similar to the dot-com exactly oh you have a website yeah and that's exactly what i was going
00:46:41.080to go to is say okay well let's look at the dot-com bubble and what we were seeing happen
00:46:44.340there and i i think we kind of feel the same trends as we're coming to the close or potentially
00:46:49.140the pop of that bubble and i'm not i'm not necessarily convinced that it is a bubble but
00:46:53.660I do have a sort of a tummy rumble that it is. And so I guess I wanted to go back to like if we
00:46:59.220were to assume that was true, Bill, I wanted to go back to you and say, well, what do you think
00:47:03.440happens to gold if we're in a bubble, if that happens sort of in the short term? If the market
00:47:08.800crashes. Exactly. So we could look at you could look at the dot com bubble and say, hey, what was
00:47:13.100the movement of gold then? Obviously, gold after the great financial crisis, same situation we see
00:47:18.580it spike. And then, of course, the pandemic as well. We see gold spike. And so I'm curious if
00:47:22.240you see any upside, if you will, Bill, past that 4,000 mark that you'd set for the end of the year
00:47:29.960and what you think that sort of bull case upside looks like? Yeah. Yeah. Great question. And I want
00:47:37.800to touch just real briefly on what you said, because I thought it was great, is people,
00:47:42.540maybe people know this, maybe people don't. The top 10 companies in the S&P make up 40% of all
00:47:47.820the market share. And I always think that's interesting when you compare that with something
00:47:52.520like the Russell 2000 or something like that. And you draw up the S&P 500 versus the Russell 2000
00:47:59.400over the last 10 plus years. And you start to notice a change that I think should make people
00:48:04.540nervous. And that is that there is this sucking coming from these top 10 companies, Magnificent
00:48:10.5807, wherever you want to draw the line at. But they are continuing to grow and grow dramatically.
00:48:15.980but we're not seeing other companies grow. We're not finding these companies on the Russell,
00:48:20.680for instance, that are becoming darlings and growing. So what that should tell us is,
00:48:25.320I mean, how much bigger is something like Apple going to get? Is Tesla going to get? I mean,
00:48:30.360are they, what, are they going to be overlords that, you know, 10 companies that control the
00:48:33.480whole country? I doubt it. So at some point, yeah, maybe. That's exactly what I think is
00:48:41.500going to happen, but go ahead. Yep. No, I mean, I, I, I'm just saying that at what point can,
00:48:47.420can they do, we're putting so much on so few, I guess is what I should say. So it's kind of like,
00:48:53.460you know, uh, there's, there's one team that everyone thinks is going to win the game and, uh,
00:48:58.020and they don't always win. And so if you, if all your chips, all the marbles and we're all counting
00:49:03.180on 10 companies to carry the market, something goes wrong at one of those companies and things
00:49:07.880go wrong at companies every day. I mean, you look back 20 years ago, companies that people thought
00:49:12.180were going to be here forever are no longer here. And we'll see that again. I mean, who they are,
00:49:16.060no one really knows, but to act like they're invincible and that if we don't have players
00:49:21.460in place to replace that should work, it's extremely dynamic. You can see things change
00:49:26.780really overnight. Yeah, no, that's a good point. It seems at bare minimum, it seems like it would
00:49:33.300be wisdom uh to say that everybody's portfolio should contain at least some gold as a hedge
00:49:39.720um so to say like hey you know what i i've done i've done my analysis i've done you know i've
00:49:45.820looked at the fundamentals i'm not just you know looking at at the charts and i'm not just playing
00:49:49.740the game but i've looked at the fundamentals of these three companies or whatever it may be and
00:49:53.780i really believe in them i think there's a lot of upside and i've looked at their plan i've looked
00:49:58.340at their earnings you know and um i believe in them and so i'm going to invest in this and i'm
00:50:02.720going to invest in that. But to also contain, you know, within your portfolio, say like, I'm also
00:50:07.440going to put a certain amount in gold. And so I guess to pose it as a question, what do you think
00:50:14.920is a wise percentage when it comes to somebody's investments? What do you think is a good kind of
00:50:21.700at least minimum that they should have in precious metals like gold? Yeah, great question. And I
00:50:27.780always, you know, because you understand the position that I'm in when people ask how much
00:50:31.960should I have in metals? So I try what I always aim to do. And this is my goal for the entire
00:50:37.200process. This is kind of a company motto in a sense, too, is to provide a really good case
00:50:42.720and understanding across the board of metals, you know, really everything that we can provide for
00:50:48.140the listener, for the people that talk to us, that seek our wisdom on this and help them to
00:50:54.740be the captain of their own ship. And what I mean by that is we're really just helping to explain
00:50:59.660the roadmap and whatnot. And at the end of the day, you know, I never want to tell someone,
00:51:03.520look, you should do this or you shouldn't do that. That's really not my place. Because as I mentioned
00:51:08.200before, I think that I'm never going to know someone's financial situation better than they
00:51:14.060will. I don't pretend to, you know, everyone's a little different there. But what I can provide
00:51:18.420is a tremendous amount of information that can help them make really informed decisions. So
00:51:22.820with that said, I mean, you know, there are some clients that want to get as, you know,
00:51:26.860shove as much as they can into metals, you know, as close to every dollar as possible.
00:51:30.340And there's some that want to do, you know, 10 percent. And there is a chasm between those two
00:51:34.580numbers. And depending on how you see the world and the way that information affects you and
00:51:39.540your understanding, I mean, you know, I could tell you that gold is going to go to 10,000
00:51:43.420tomorrow. It doesn't mean you should listen to me. So with all of that said, you know,
00:51:47.860it's hard for me to give a solid answer to that. I would say, of course, you know, do your own
00:51:52.640due diligence your research on this and ask questions and i can help but i try not to give
00:51:56.880hard and fast numbers like that uh in that way but i don't want to just i i do want to just
00:52:03.200touch back real quick because i realize i didn't quite get to answer the question of what happens
00:52:08.880if we do see a some sort of crash or whatnot and the answer is that historically what we see
00:52:14.480is there is a period when the crash first happens immediately actually people may not know this
00:52:19.040gold drops a little bit and that's because there's a pullback of every asset where there's a moment
00:52:24.000of they're looking around and say okay is this real is this fake what is happening here and then
00:52:29.040once it becomes validated that this is in fact going to be a recession a crash whatever that
00:52:34.160might be then you start to see the inflows into metals and that initial purchase is because people
00:52:39.760are saying we understand that this will be a somewhat of a long-term hold here and we want
00:52:44.240something that's going to produce for us going to grow in the midst of economic turbulence gold does
00:52:48.880great when there's instability. Gold does great when there's uncertainty. So in that junction,
00:52:54.420gold does tremendously well, and you tend to see those great price hikes. And then once that starts
00:53:00.020happening, you get the sort of the chasers a little bit down the road. And those are the people
00:53:03.920that lost in the market. They were late. And then now they see this other thing going up,
00:53:08.260and now they chase that as well. So that's why I always tell people, you want to be preactive,
00:53:12.420not reactive. If you're going to stay in the market, stay in the market. That's all right.
00:53:17.600That's a choice you can make. But if you're going to go to metals, do it now. Don't do it. Don't wait until you've lost dramatically to get into metals. Do it now or it's fine. If it's not for you, don't do it. You never hear me try to convince someone to do something that they don't feel comfortable with. But I will say that whatever decision that people make, it's always important to have those conversations and make those decisions beforehand.
00:53:39.040So as far as price targets and whatnot, if we see some sort of a crash or anything of that nature, that's where you get the big numbers where you start to see gold, you know, seven, eight, nine, $10,000 in the immediate future. And that's just, you know, going off of historic norms. I mean, if a major conflict erupts, we typically see gold jump about 40%. So on, you're looking at $1,200, $1,500 in the course of a couple of weeks, if you see a major geopolitical crisis erupt.
00:54:06.040yep helpful answer well i'll say this for the audience uh sake since you're uh not going to
00:54:12.000um steel man yourself i'll do it for you i really appreciate you as a guest on the show because i
00:54:18.320feel like you've been um uh you've done your best not to be biased you've been fair and uh so not
00:54:23.600just you know shilling for gold um as somebody who represents gold and um and not manipulating
00:54:29.440people so i appreciate that a lot i think i have a compromise that everybody can get behind you
00:54:33.900a little bit of investing with gold, a little bit in the market.
00:54:36.820I think if we invest in Tesla robots using chat GPT
00:55:15.400I thought it was a compelling point, talking about gold maintaining value in God's economy
00:55:20.560from Genesis all the way to Revelation, that there's no point even in our future, biblically
00:55:25.100speaking, where gold is not valuable any longer.
00:55:29.860And so I think that's really compelling.
00:55:31.140so you've done a great job we appreciate having you as a guest i want to end here uh just for
00:55:37.160anybody who may be interested not trying to compel anybody or manipulate anyone but for those who say
00:55:42.300yeah you know what i want to kind of hedge my bets a little bit and uh invest some in precious metals
00:55:47.500in addition to you know some of their more aggressive investments um where where should
00:55:52.180they go if they wanted to use genesis gold group uh being a christian bible believing company that
00:55:58.040would be my preference um where would they go if they want to invest with you guys yeah absolutely
00:56:04.120and i'm sure you've got the the url there plugged up somewhere accessible for people but you can
00:56:09.580yeah nathan let's let's pull that up on the screen just one more time so they can see the url but i
00:56:14.100believe it is um okay we don't have it ready but it's uh it's on the pre-recording and it's in the
00:56:20.440description okay so if you go to the description of this episode it's right response uh bible gold
00:56:26.640right response bible gold all lowercase.com but it's in the description for the uh the show notes
00:56:33.360right so they can go there they can also reach out 1-800-200-GOLD uh directly to us you're
00:56:39.540welcome to ask for me you can ask directly to speak with bill i'm more than happy to break
00:56:44.100this down and you know i i do appreciate you telling me that that i've been fair here i make
00:56:48.440a very concerted effort to to not try and create straw man arguments or whatnot i try to you know
00:56:54.780I have a firm belief that whatever people do that and this is going to sound corny, but it's my it's my truth.
00:57:00.420It's really what I believe. And that's that God is going to be the best financial advisor out there.
00:57:04.220And if people are praying on this and are really leaning on the Lord's wisdom and they come to me and say, hey, Bill, this is what I'm thinking.
00:57:10.940I'm going to support that all the way if they want to fax figures, information provided.
00:57:15.640I'm going to do that. What you're not going to see is a used car salesman.
00:57:18.840That's for myself and that's for anyone else at Genesis Gold. That's not the way that we do business here.
00:57:23.140we really do believe in educating people, putting them in a position where they can make
00:57:26.880a really great decision for their family. And frankly, I do this because I really believe in
00:57:32.340it. I got a degree in biblical studies. I was in the military. I worked at a church and came out
00:57:38.240of that to do finance on this side because I really started to see some of the uncertainty
00:57:42.260and unraveling in the financial system. And this was an economic and theological decision I made
00:57:47.340to work at this company. And I believe very strongly in it. So if you'd like help with that,
00:57:52.000any of the, again, the number, the 1-800-200-GOLD, you can go to the URL that's provided in the
00:57:57.600description there. Speak with a representative. We're going to answer any questions you have.
00:58:02.100We can assist with retirement accounts. That's 401Ks, IRAs, 403B. I mean, the whole gamut there
00:58:08.820is at least we can talk about and see if that is an option and is accessible. And then, of course,
00:58:13.380you've got what are called non-qualified funds. So that's money you've got sitting in the bank,
00:58:17.700savings, checkings, et cetera. And you say, you know what? I'd really like to have some gold or
00:58:21.540some silver. And we didn't even talk about silver. That's a whole other conversation. But I'd like to
00:58:26.280have some metals in some way or another. And we'll strategize with you and help you find out a way
00:58:30.700that's going to be great for you to accomplish that. So we're on your team here. We're going to
00:58:35.180do the best for you guys. And looking forward to chatting with anyone that reaches out.
00:58:39.860Awesome. Well, we appreciate Bill Armour and Genesis Gold. Thank you for coming on the show
00:58:44.340and helping to educate myself and our listeners on this topic. And the phone number, I didn't
00:58:50.840think about this, but for our sake, go ahead and forget the phone number and do not use it because
00:58:55.900we won't get credit for it. Go to, again, do rightresponsebiblegold.com, rightresponsebiblegold.com
00:59:03.740or call the phone number. That's fine. But tell them that Right Response sent you their way.
00:59:07.160Yes. Yeah. If you call in, please tell us where you came from.
00:59:11.360Yeah. Well, thank you, Bill. We appreciate it. Thank you to the listener for tuning in,
00:59:14.940and we will see you Lord willing on Friday. If you're new to the show, we live stream three
00:59:19.660times a week. It's Monday, Wednesday, Friday at 3 p.m. Central Time. Monday, Wednesday, Friday
00:59:24.620at 3 p.m. Central Time. We are broadcasting live on both YouTube and X, so you can follow us
00:59:30.760both of those places, and we will see you, Lord willing, on Friday. Thanks for tuning in.