A 1930s Economic Crisis is Here: “I’m Going to Be Screaming to Buy Gold”

Join Daniela Cambone for an electrifying episode of The Daniela Cambone Show! Today’s guest, Joel Litman of Altimetry, warns us of a potential return to economic conditions similar to the 1930s and 1970s. With five key policies being discussed in Washington—including raised taxes, capital gains hikes, and price controls—we could be on the brink of significant market shifts. Joel shares why, for the first time in his career, he believes gold could outperform the S&P 500, and he explains the critical factors investors should be watching now.

Could these economic headwinds signal a gold rush? Or will the stock market prevail? Tune in as Joel dives into how government policies, potential tax changes, and economic history could impact your investments.

"ITM did a great job of educating me on the history of the dollar, the financial markets, the banks, gold, and the laws so that I had a better understanding of things." - Kristen W.

📖 CHAPTERS:
00:00 5 things in economy to watch out
3:50 Harris and Biden’s economic plans
5:52 Gold performance
6:46 Stock market
8:30 Fed rate cuts
10:01 Debt crisis
11:42 Trump’s tariff protection policy
14:14 AI
15:41 Gold
18:42 Joel’s conference

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🌎 ABOUT ITM TRADING:

For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.

Disclaimer: The views, opinions, and financial recommendations expressed in this video are solely those of the guest and do not necessarily reflect the views of ITM Trading. ITM Trading is not responsible for any financial decisions made based on the content provided in this video.

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#economy #stocks #gold

[t]

Gold is not an investment, gold and silver are money and they will protect your savings while fiat currencies crash

[SK-xwhu]

I don’t mind hearing alternative views for a perspective check. But regardless of what he said, I keep coming back to the fact that gold was made a tier one asset by Basel 3, central banks across the globe are buying gold, inflation is still a concern, the US gov’t is spending like there’s no tomorrow, and we’ve had several bank failures over the past two years.

[adamdavies]

Joel is definitely your best guest. More pleae!

[adambrooks]

since 1997 gold has out performed the S&P 500 with dividends reinvested. Why wasn't this said in a respectful way to Mr. Litman?

[markbutterfield]

I always enjoy your interview with him, I like to hear the alternative view and his reasoning for his advice, but I will stick with gold.

[stolenjunk]

Went shopping. A can of salmon $9.16. A can of sardines $2.97. 5lbs hamburger $19.93. My town is filling up with homeless people. They are living in the woods. Things are getting bad quick. Things change by the week.

[petervanderbent]

This guy is full of it. The Rubel is up 50% since 2020 is still rising.

[beefbottom]

I don’t take investment advice from narcissistic peacocks who are late to the party

[ksquish]

LOL I love how this guy gets sewered every time he comes on.
We went from $1700 gold in August 2022 to $2600 just over two years later. Not bad for having no counterparty risk...

[markneilson]

Joel was doing interviews about 2 months ago. He thought the S&P 500 would keep going up so he was right. He is very wall street but if he is turning to gold now that's great. Good to get a different perspective.

[jahneimultieight]

Different comments is healthy and one thing that makes this country great

[charlieevans]

I wouldn’t take financial advice from this guy for nothing. He’s not in realsville!!!

[thenexusagency]

Always glad to see Joel on! He is right again - you have to measure the debt to the ability to pay that debt which is currently not an issue. Many great insights here 👏👏

[horacioocean]

The Gold to Dow ratio. The number of ounces of gold to buy the Dow has been declining for several years. Buy gold when the Dow is expensive. Buy stocks when gold is expensive.

[reinhardrinaldo]

So the idiot missed the rise from 250 to 2500 but wants to buy now.
Should I sell😊?

[jimwood]

The S&P investment record does not account for the 50% loss of purchasing power over the last 10 yrs

[dbanks]

Art Laffer?
The guy who debated Peter Schiff about the real estate market not being a bubble, right before the 08 collapse?

[clownworld]

You are better off going to the Casino than listening to financial analyst.

[MickyDee]

made sense to me about the Unit. Great to hear alternate views. Love Danni.

[catdaddy]

I think he came to this interview to flash his watch!