Don Durrett: There is No Path Forward Where Gold Doesn't Do Well

Don touches upon the Federal Reserve's challenges in managing inflation and interest rates, pointing to unprecedented debt levels. He voices concerns about the reliability of economic data, questioning their accuracy and suggesting consumer spending might be weaker than presented. He predicts a potential 50 basis point rate cut due to signs of slowing growth.

*Palisade Radio Links:*

The conversation also addresses market volatility caused by Japan's potential interest rate hike and its impact on the yen carry trade. Don raises concerns about imminent challenges in the bond market, which holds more significance than the stock market, as credit could get turned off when countries reach a point of no return. He advises investing in gold and silver as alternatives during economic instability and predicts significant price increases for these metals.

Don also anticipates that gold miners will benefit from a rate cutting cycle due to their improved margins during recessions.

Time Stamp References:
0:00 - Introduction
1:07 - Gold & Recent Fed Policy
5:46 - Trends and Gold
8:29 - Fed Cuts & History
14:10 - 70s Inflation or Deflation
17:20 - Metrics & Data Revisions
22:37 - BOJ & Western Volatility
26:20 - Political Extremes
32:15 - Asset Tops & Metals
36:40 - Debt Servicing & GDP
40:00 - Rate Cuts & the Miners
45:37 - Insider Activity?
47:33 - Share Dilution & Red Flags
54:38 - Fall Market Direction
1:01:00 - Wrap Up

Talking Points From This Episode
- Gold's growth influenced by U.S.'s weakening economy & global uncertainty, with floor at $2,200 due to inverse relationship with economy.
- Federal Reserve's dilemma managing inflation & interest rates due to historic debt levels.
- Concerns about economic data reliability & potential 50 basis point rate cut as signs of slowing growth emerge.

Guest Links:

[peterlee]

Thanks Palisades and Don Durrett for a great interview and useful information and analysis!

[garysbraccia]

I have been telling family and friends to buy physical gold and silver for the past 9 years. Not one person has....YET.

[johnalice]

A wise man once said, inflation in the things you need, and deflation in the things you own.

[gregorylawrence]

Just paid $23 for olive oil at Costco and it was $16 two months ago.

[jonnybinder]

Awesome interview, I'm going to subscribe 👍

[officialveszelyvonal]

Thanks! Your video calms me down everyday, Gold has long been hailed as a store of value and a hedge against economic uncertainty, cryptocurrencies offer a new paradigm of digital scarcity, decentralization, and disruptive potential. From Bitcoin to Ethereum and beyond, these digital assets are rewriting the rules of finance, captivating investors with their unprecedented growth and innovation..managed to grow a nest egg of around 7.2Biitcoin to a decent 26.4Biitcoin. At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....

[hpaulfuchs]

Please update your Rumble channel in a timely fashion.

[MikeBeckett-vq]

I have been thinking about the hyperinflation scenario for 7-8 years. I just don't see it without the US Government and FED going full MMT. I agree there is too much debt the system for hyperinflation. The purging of the debts will negate the money printer. In the end, I am in the camp of things people "need" that are not financed will see heavy inflation, i.e. food, basic clothing and energy. Things people "need" that are financed like a basic house or basic car will stagnate. Things people "want" like iphone, sports tickets, etc. will deflate. The things people "want" that are financed like an RV or motorcycle will collapse and suffer serious deflation.

[fortstocktonjeffBarber]

Good Project without a plan. OMG did Don nail it! Thanks for a terrific interview

[jamieleseelleur]

Miners should do well in a slowing economy as their margins increase when the gold price doesn’t drop at the same rate as oil. A somewhat stable gold price with lowering oil is perfect for miners

[issenvan]

How about GDX? Will it go down 50% as it did in 2008? Or, are we past that point?

[mutantryeff]

If the Fed continues to cut the Fed Funds rate while maintaining QT, then PMs will get hurt. If they switch to QE, everything will do well.

[mwalsh]

I think it is a HUGE mistake to look backwards for gold because of the government manipulations … I suggest you look now to BIS and Asia now demanding and showing that it will now go back to its normal unregulated past ….. think on this

[mutantryeff]

The reason the Ukraine War occurred is not as he described. It is based on Game Theory and the UK is driving that game. The UK has done this same thing for years to prop up their economy. If Ukraine fails, then the UK will financially collapse. The second part of the game is to force Russia to pay to rebuild Ukraine - that isn't going to happen and the UK's game is going to collapse their economy.

[WW_SHTFF_WW]

Getting dems to cut spending? C'mon bub.
Fed say to dems...you've got to cut spending, this can't go on. Dems say...hold my beer!

[caseyrindal]

Stick to metals. There's one party.

[brmmrb]

I don't buy gold and silver stocks, when banks go bankrupt, maybe all world wide, the banks and brokers will take my stocks with them.😢😢😢

[mutantryeff]

I'm not impressed by Don Durrett's understanding of global economics, etc.

[paweczosnek]

This guy has no idea what is he talking about as far as Russia and Putin is considered. You are doing yourself disservice Tom. If you want to know what Putin and Russia means talk to Bill Bowder.

[ArnetteScott]

"I've experienced significant losses in trading, which has left me feeling very frustrated. What can I do to achieve consistent profitability as a trader?"