Gold prices are skyrocketing before our eyes, climbing past $3,458 per ounce and setting new records by the minute. After tracking inflation trends for over a decade, watching this explosive growth unfold is both validating and shocking – even surpassing our bullish predictions from last year.
What we're witnessing follows a predictable historical pattern. Gold doesn't appreciate steadily; it moves in dramatic bursts after prolonged periods of artificial suppression. From 2012-2022, gold prices failed to keep pace with inflation, creating the perfect conditions for today's dramatic correction. The parallels to the Carter-era inflation are striking, though today's surge is even more dramatic, with gold doubling in value since November 2023 alone.
The timing illustrates a fascinating economic principle: when widespread public awareness of inflation finally aligns with economic reality, precious metals experience their most dramatic movements. My analysis suggests a potential floor between $2,900-$3,200, with a significant correction of $400-600 likely coming sometime in 2025. The wildcard? The proposed Fort Knox audit that could send prices stratospheric if reserves prove lower than officially reported.
Whether you're a long-time listener or discovering this podcast for the first time, I appreciate your support. Rather than speculating on short-term movements, consider viewing gold as what it truly is – a long-term inflation hedge designed to protect wealth over decades. Subscribe on Apple Podcasts, Spotify, or find us on YouTube at Stephan Piscano or Vacation Wealth Partners to stay updated on these rapidly evolving economic trends.
www.stephanpiscanopodcast.com
To Follow Us On YouTube: https://www.youtube.com/@VacationWealthPartners
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
All right, guys.
Thank you so much and welcome.
This is Stephan Piscano, withthe Stephan Piscano podcast
coming to you for the first timein 11 weeks.
We did that prize last secondimpromptu podcast on February
1st, when the Lakers traded LukaDoncic, the first full sports
(00:21):
podcast we've ever done and Iguess the Luca trade just blew
my brain a little bit because wehave not been back since due to
a combination of health slash,family slash, tech slash, travel
issues.
So I apologize, I missed youguys.
I hope you miss me a little bitas well, and I want to wish
everybody in my network a veryhappy Easter, and this is going
(00:43):
to be a short one too, but Ihonestly really did just miss
everybody in the network andmiss the podcast.
So, as gold is exploding todayand I'm going to go ahead and
pull the live chart up here Atthe time I'm recording this,
actually, in the two minutes ofmy intro, gold has gone from
$34.52 an ounce to $3,458 perounce, so we've gone up another
(01:10):
six bucks just in the lastminute and a half.
This is something that we'vebeen talking about for years and
years, privately and publicly,and on this podcast, obviously
tracking oh, now it's a $34.60.
On this podcast, the volatilityof gold and rapid inflation has
probably been the number onetopic we've covered the most.
(01:32):
And I got to say, even thoughwe told you our official
predictions both in the firstepisode of this show, going back
to last gosh, I guess, octoberof 2024.
And then, after the election inNovember, we projected, based
on the historical inflation data, that if we tracked the same
(01:55):
way we tracked historically,using rapid inflation similar to
what we saw in 1976 to 1980,during the Jimmy Carter
administration, going into theReagan administration, where we
saw at that time probably theworst rapid inflation that we've
ever seen, and we compare thatto what's been going on the last
few years here 2023, 2024, now2025.
(02:18):
If we use that same statisticalmodel, we projected gold could
hit $3,200 an ounce, whichobviously it's soared past that
and as of today, it's just everyminute it's a new record high,
which is shocking even to me.
We're flirting with $3,500 anounce.
Nobody really knows how farit's going to go.
(02:38):
I'm going to tell you I reallydo believe while this is what
we've talked about so much onprevious podcasts really do
believe while this is what we'vetalked about so much on
previous podcasts that eventhough historically go and you
look over a 20, a 40, a 60, a100 year period, gold does keep
(02:59):
up with inflation and is a niceinflation hedge.
But historically that nevercomes in a consistent, you know,
6% a year type model.
It usually comes in these hugechunks to where really the last
20 years certainly the last 10,11, 12 years here gold has not
on a year by year basis kept upwith inflation.
But then it all hits in bigchunks and there's a lot of
reasons for that.
They're up.
(03:20):
Now we're 34.64 an ounce.
We'll see what we're at by theend of the podcast here.
A lot of reasons why it hasthese big chunks is partially
because the price can somewhatbe artificially held down, but
it can only be held down for solong by government entities and
holders of large quantities ofgold.
(03:40):
You know a fun fact if you took, they say and I don't know if I
believe this is true, but theysay, if you took all the known
quantities of gold in the worldand you put them all in one spot
, it would only bill up abouthalf of a football field, which
is wild to think about.
That's all the gold that weknow about in the world.
That's privately held, publiclyheld at this time, and so
(04:03):
there's not much of it, and sothere's a lot of things that can
be done to push it up or down.
A lot of it is.
When we see these big breakingpoints, it's usually towards the
tail end, just like 76 to 80,which is why we predicted this
in 2020, 2023, and then heavilyagain last year in 2024.
It's usually at the end of atwo to five year period where
(04:26):
you've seen consistent, intense,rapid inflation, like what we
saw then and like what we'reseeing now, at the culmination
of that, combined with a medianarrative where everyone finally
acknowledges it.
Now you can go back to my stuffand people close to me.
We've been talking aboutinflation for more than a decade
15 years plus publicly.
(04:47):
But back then even as recentlyas some of the webinars I did
with a good friend of mine who'sone of the most brilliant guys
I know, ben Summers, going backjust 2020, 2021, we were talking
about it intensely then andpeople didn't really know what
you were talking about.
Or if they did know what youwere talking about, they might
know the term, but they don'treally know the effects.
(05:08):
Now everybody does, and notonly does everybody know it.
You can go to the bus stop, youcan go to the boardroom, you
can go to the grocery store.
Everybody knows inflation hastaken place at a historic level
the last several years and whenthat culminates, that narrative
culminates with reality uh,that's what.
(05:29):
What a lot of times have thesebig booms get pushed up Now,
personally, so I do thinkthere's a base level that gold
had been held under, because ifyou look at the numbers going
back to even 2012, let's say,after we saw the last boom, from
08 to 2011, you go back to2012,.
It's really been artificiallypressed down for that 10-year
(05:52):
stretch from 2012 to say 2021,2022.
So there's a period it neededto catch up to, just like it did
in 1980, to where it went upabout 400% from 76 to 1980.
So, just year over year, rightnow, going back to November of
2023, we're now officially morethan double where the price of
(06:16):
gold was in November of 2023.
So just my gut instinct whichthankfully, on this seems like
it's been pretty accurate so farfrom being obsessed with this
data as I am, my gun instinct isis that number for a baseline
(06:37):
is somewhere around 3,000.
There's probably a floor in thehigh 2,000s, low 3,000s, say
2,900 to 3,200, somewhere inthat range.
I could see it spiking more andmore.
I mean we're up $135 an ouncejust today alone.
You know I could see it spikingup a little bit more $36 to
$3,800.
And I do think we are going tosee a pretty large dip at some
(07:00):
point this year, in 2025.
That's my, again, you know myopinion is just as good as yours
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,
(07:20):
would be my guess.
And when that happens and towhat level it drops to, that's
anybody's guess.
I mean because, like I said,this is outperformed.
Even though we've been bullishon gold for several years, this
is outperformed what I thought Iwas going to do.
So, who knows, I could be wrong.
It could be at $6,000 an ounceand you could make a
(07:42):
mathematical profile that wouldsupport that.
So it's exciting to watch.
It's really interesting towatch.
Another thing to think about,guys and I haven't I don't
follow politics as much as maybeI should, but there was a lot
of noise a couple months backthat President Trump and I
believe it was RFK were going togo into Fort Knox to actually
(08:05):
audit the gold and basically seeif the 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 know
when that's actually going tohappen 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
(08:28):
out and reported and it was madepublic that there's 20% less,
50% less, 70% less gold thanwhat we thought was in Fort Knox
.
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.
(08:50):
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
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
(09:15):
.
You're not really trying tospeculate 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
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 get on
here and do just because asshocked and excited as I was as
(09:35):
a former maybe once againcurrent Laker fan about the Luca
trade.
I'm equally as shocked and, uhI guess you could say excited or
just fascinated, uh to see goldat nearly $3,500 an ounce here
in 2025.
Um, on a personal note again,guys, I just um, I want to, I
want to thank all of you foryour support.
(09:57):
It really does mean a lot.
I got so excited about the goldand the lucid trade.
I didn't even ask anybody tosubscribe or like anything, but
if you have listened for a whileand you haven't subscribed, if
you could join us either onApple Podcasts, player, fm,
spotify or, of course, youtube.
You can find us on YouTube, mypersonal channel at Stephan
(10:18):
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
we use with buying homes andinvestment properties with
seller financing as well.
So it'd be great to have you aspart of our network.
(10:40):
If you are already part of yournetwork, but you haven't given
us a rating, if you could giveus a five-star rating on Apple
and or Spotify, we'd reallyappreciate it.
That really helps the algorithm, and the more of those I get
then, the more I can justifytaking time off of other things
to make the episodes morefrequent, which I really hope we
(11:01):
do.
All right, guys.
Thank you so much and welcome.
This is Stephan Piscano, withthe Stephan Piscano podcast
coming to you for the first timein 11 weeks.
We did that prize last secondimpromptu podcast on February
1st, when the Lakers traded LukaDoncic, the first full sports
(00:21):
podcast we've ever done and Iguess the Luca trade just blew
my brain a little bit because wehave not been back since due to
a combination of health slash,family slash, tech slash, travel
issues.
So I apologize, I missed youguys.
I hope you miss me a little bitas well, and I want to wish
everybody in my network a veryhappy Easter, and this is going
(00:43):
to be a short one too, but Ihonestly really did just miss
everybody in the network andmiss the podcast.
So, as gold is exploding todayand I'm going to go ahead and
pull the live chart up here Atthe time I'm recording this,
actually, in the two minutes ofmy intro, gold has gone from
$34.52 an ounce to $3,458 perounce, so we've gone up another
(01:10):
six bucks just in the lastminute and a half.
This is something that we'vebeen talking about for years and
years, privately and publicly,and on this podcast, obviously
tracking oh, now it's a $34.60.
On this podcast, the volatilityof gold and rapid inflation has
probably been the number onetopic we've covered the most.
(01:32):
And I got to say, even thoughwe told you our official
predictions both in the firstepisode of this show, going back
to last gosh, I guess, octoberof 2024.
And then, after the election inNovember, we projected, based
on the historical inflation data, that if we tracked the same
(01:55):
way we tracked historically,using rapid inflation similar to
what we saw in 1976 to 1980,during the Jimmy Carter
administration, going into theReagan administration, where we
saw at that time probably theworst rapid inflation that we've
ever seen, and we compare thatto what's been going on the last
few years here 2023, 2024, now2025.
(02:18):
If we use that same statisticalmodel, we projected gold could
hit $3,200 an ounce, whichobviously it's soared past that
and as of today, it's just everyminute it's a new record high,
which is shocking even to me.
We're flirting with $3,500 anounce.
Nobody really knows how farit's going to go.
(02:38):
I'm going to tell you I reallydo believe while this is what
we've talked about so much onprevious podcasts really do
believe while this is what we'vetalked about so much on
previous podcasts that eventhough historically go and you
look over a 20, a 40, a 60, a100 year period, gold does keep
(02:59):
up with inflation and is a niceinflation hedge.
But historically that nevercomes in a consistent, you know,
6% a year type model.
It usually comes in these hugechunks to where really the last
20 years certainly the last 10,11, 12 years here gold has not
on a year by year basis kept upwith inflation.
But then it all hits in bigchunks and there's a lot of
reasons for that.
They're up.
(03:20):
Now we're 34.64 an ounce.
We'll see what we're at by theend of the podcast here.
A lot of reasons why it hasthese big chunks is partially
because the price can somewhatbe artificially held down, but
it can only be held down for solong by government entities and
holders of large quantities ofgold.
(03:40):
You know a fun fact if you took, they say and I don't know if I
believe this is true, but theysay, if you took all the known
quantities of gold in the worldand you put them all in one spot
, it would only bill up abouthalf of a football field, which
is wild to think about.
That's all the gold that weknow about in the world.
That's privately held, publiclyheld at this time, and so
(04:03):
there's not much of it, and sothere's a lot of things that can
be done to push it up or down.
A lot of it is.
When we see these big breakingpoints, it's usually towards the
tail end, just like 76 to 80,which is why we predicted this
in 2020, 2023, and then heavilyagain last year in 2024.
It's usually at the end of atwo to five year period where
(04:26):
you've seen consistent, intense,rapid inflation, like what we
saw then and like what we'reseeing now, at the culmination
of that, combined with a medianarrative where everyone finally
acknowledges it.
Now you can go back to my stuffand people close to me.
We've been talking aboutinflation for more than a decade
15 years plus publicly.
(04:47):
But back then even as recentlyas some of the webinars I did
with a good friend of mine who'sone of the most brilliant guys
I know, ben Summers, going backjust 2020, 2021, we were talking
about it intensely then andpeople didn't really know what
you were talking about.
Or if they did know what youwere talking about, they might
know the term, but they don'treally know the effects.
(05:08):
Now everybody does, and notonly does everybody know it.
You can go to the bus stop, youcan go to the boardroom, you
can go to the grocery store.
Everybody knows inflation hastaken place at a historic level
the last several years and whenthat culminates, that narrative
culminates with reality uh,that's what.
(05:29):
What a lot of times have thesebig booms get pushed up Now,
personally, so I do thinkthere's a base level that gold
had been held under, because ifyou look at the numbers going
back to even 2012, let's say,after we saw the last boom, from
08 to 2011, you go back to2012,.
It's really been artificiallypressed down for that 10-year
(05:52):
stretch from 2012 to say 2021,2022.
So there's a period it neededto catch up to, just like it did
in 1980, to where it went upabout 400% from 76 to 1980.
So, just year over year, rightnow, going back to November of
2023, we're now officially morethan double where the price of
(06:16):
gold was in November of 2023.
So just my gut instinct whichthankfully, on this seems like
it's been pretty accurate so farfrom being obsessed with this
data as I am, my gun instinct isis that number for a baseline
(06:37):
is somewhere around 3,000.
There's probably a floor in thehigh 2,000s, low 3,000s, say
2,900 to 3,200, somewhere inthat range.
I could see it spiking more andmore.
I mean we're up $135 an ouncejust today alone.
You know I could see it spikingup a little bit more $36 to
$3,800.
And I do think we are going tosee a pretty large dip at some
(07:00):
point this year, in 2025.
That's my, again, you know myopinion is just as good as yours
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,
(07:20):
would be my guess.
And when that happens and towhat level it drops to, that's
anybody's guess.
I mean because, like I said,this is outperformed.
Even though we've been bullishon gold for several years, this
is outperformed what I thought Iwas going to do.
So, who knows, I could be wrong.
It could be at $6,000 an ounceand you could make a
(07:42):
mathematical profile that wouldsupport that.
So it's exciting to watch.
It's really interesting towatch.
Another thing to think about,guys and I haven't I don't
follow politics as much as maybeI should, but there was a lot
of noise a couple months backthat President Trump and I
believe it was RFK were going togo into Fort Knox to actually
(08:05):
audit the gold and basically seeif the 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 know
when that's actually going tohappen 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
(08:28):
out and reported and it was madepublic that there's 20% less,
50% less, 70% less gold thanwhat we thought was in Fort Knox
.
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.
(08:50):
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
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
(09:15):
.
You're not really trying tospeculate 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
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 get on
here and do just because asshocked and excited as I was as
(09:35):
a former maybe once againcurrent Laker fan about the Luca
trade.
I'm equally as shocked and, uhI guess you could say excited or
just fascinated, uh to see goldat nearly $3,500 an ounce here
in 2025.
Um, on a personal note again,guys, I just um, I want to, I
want to thank all of you foryour support.
(09:57):
It really does mean a lot.
I got so excited about the goldand the lucid trade.
I didn't even ask anybody tosubscribe or like anything, but
if you have listened for a whileand you haven't subscribed, if
you could join us either onApple Podcasts, player, fm,
spotify or, of course, youtube.
You can find us on YouTube, mypersonal channel at Stephan
(10:18):
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
we use with buying homes andinvestment properties with
seller financing as well.
So it'd be great to have you aspart of our network.
(10:40):
If you are already part of yournetwork, but you haven't given
us a rating, if you could giveus a five-star rating on Apple
and or Spotify, we'd reallyappreciate it.
That really helps the algorithm, and the more of those I get
then, the more I can justifytaking time off of other things
to make the episodes morefrequent, which I really hope we
(11:01):
do.
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