Episode Transcript
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Speaker 1 (00:00):
My gut instinct which
thankfully, on this, seems like
it's been pretty accurate sofar, from being obsessed with
this data as I am my gutinstinct is that number for a
baseline is somewhere around3,000.
There's probably a floor in thehigh 2,000s, low 3,000s, say
2,900 to 3,200, somewhere inthat range.
(00:21):
I could see it spiking more andmore.
I mean we're up $135 an ouncejust today alone.
You know, I could see itspiking up a little bit more 36
to 3,800.
And I do think we are going tosee a pretty large dip at some
point this year, in 2025.
That's my, again, you know myopinion is just as good as yours
(00:44):
or anybody else's, but thatwould be my official guess,
educated guess is that at somepoint we're going to hit a
target where we're going to seea $400 to $600 an ounce drop.
That'll probably happen prettyquick, over a few month period
would be my guess.
And when that happens and towhat level it drops to, that's
(01:06):
anybody's guess.
I mean because, like I said,this is outperformed.
Even though we've been bullishon gold for several years, this
has outperformed what I thoughtit was going to do.
So, who knows, I could be wrong.
It could be at $6,000 an ounceand you could make a
mathematical profile that wouldsupport that.
So it's exciting to watch.
It's really interesting towatch.
(01:27):
Another thing to think about,guys there was a lot of noise a
couple months back thatPresident Trump, and I believe
it was RFK, were going to gointo Fort Knox to actually audit
the gold and basically see ifthe gold is there and, if so,
how much is there exactly, andhave an accounting of that,
because it's wild to me.
Apparently nobody's done thatfor a while, so, and I don't
(01:51):
know when that's actually goingto happen or if it's ever going
to happen.
But if and when, it does thinkabout from a narrative
standpoint what would happen ifthey went in there and found out
and reported and it was madepublic that there's 20% less,
50% less, 70% less gold thanwhat we thought was in Fort Knox
(02:12):
.
From a mental standpoint, froma narrative standpoint, and from
a factual standpoint, to someextent, that might skyrocket the
price of gold based on thatchaos and that scarcity.
So my official opinion is Idon't know if I'd be buying any
more gold right this moment, butit'd be a great time to hold
the gold that you already have,if we do have some, and you know
(02:35):
it wouldn't be a horrible timeto sell a little bit too.
But I would imagine there'sstill a little bit more to go in
this and, as always when itcomes to gold or any inflation
hedge, you're going to want tohold it for the long term anyway
.
You know you're not reallytrying to speculate whether you
shouldn't be.
It should be used as aninflation hedge that can be held
for, hopefully, many years,many decades, and over time it's
(02:57):
always going to pencil out.
So that's my gold update, guys,that I had to get on here and do
, just because, as shocked andexcited as I was as a former
maybe once again current Lakerfan about the Luca trade, I'm
equally as shocked and I guessyou could say excited or just
fascinated to see gold at nearly$3,500 an ounce here in 2025.
(03:21):
On a personal note again, guys,I just I want to, I want to
thank all of you for yoursupport.
It really does mean a lot.
I got so excited about the goldand the lucid trade I didn't
even ask anybody to subscribe orlike anything, but if you have
listened for a while and youhaven't subscribed, if you could
join us either on ApplePodcasts, player FM, spotify or,
(03:44):
of course, youtube.
You can find us on YouTube, mypersonal channel at Stephan
Piscano, which is where we'regoing to try to move most of the
podcast stuff to, but right nowthere's also a lot of great
content on our company page,which is at Vacation Wealth
Partners, and you can also see alot of the properties that we
invest in and purchase there aswell, and some of the strategies
(04:04):
we use with buying homes andinvestment properties with
seller financing as well, and soit'd be great to have you as
part of our network.
If you are already part of yournetwork, but you haven't given
us a rating.
If you could give us afive-star rating on Apple and or
Spotify, we'd really appreciateit.
That really helps the algorithm, and the more of those I get,
then, you know, the more I canjustify taking time off of other
(04:29):
things to make the episodesmore frequent, which I really
hope we do.