October 22, 2025 • 6 mins
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
As gold prices dip, listeners are asking: is it time to buy? Chris breaks down why valuing gold—or any commodity—is trickier than it looks. From shiny bars and rare diamonds to nostalgic baseball cards, he explains why “value” often comes down to belief, sentiment, and timing. Forget the hype—here’s what really matters when it comes to sound money, commodities, and knowing when to take profits.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
As gold prices dip, listeners are asking: is it time to buy? Chris breaks down why valuing gold—or any commodity—is trickier than it looks. From shiny bars and rare diamonds to nostalgic baseball cards, he explains why “value” often comes down to belief, sentiment, and timing. Forget the hype—here’s what really matters when it comes to sound money, commodities, and knowing when to take profits.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Gold diamonds and baseball cards got a few questions past
day or two regards to gold sell off in gold?
Does that mean should I be buying in right now? Wow?
Look at the dip here? Should I step in now?
I don't know. I don't I've never I've never been
(00:42):
able to value a commodity like gold. It goes into favor,
it goes out of favor. You've got lots of different
arguments out there. People talk about that's the only sound
money that's out there. Why why does it sound like
(01:03):
well it's been that way for thousands and thousands of year. Well, okay, fine,
you know my argument, and I made this argument decades ago,
and I'm saying to myself, you know, you get all
of the preppers out there, you know, the dollar is
going to die, and this is going to happen. That's
(01:23):
going to happen. That happens, my friends, I am going
to value I'm going to value my guns more than
I am gold. Let's just be honest. Okay, your zombie
apocalypse comes, what do you need goal for? I've always
(01:46):
talked about commodities and then you know, having to play
a part in one's portfolio. And I've always been a
believer in a basket of commodities, and I happen to
think that other commodities quite frankly, are of much greater
use than gold is. That's just me, That's just me. Yeah,
(02:07):
we've owned parts of it. We talked about some of
the gold mining stocks and how they're going to be
doing much better because the price is up and obviously
their break even point has met at a lower level,
so they can become a little bit more profitable. We
talked about the fact that the amount of dollars that
are flowing into the United States UH in terms of
companies in particular tech companies and central banks and others
(02:33):
hedging hedging their position utilizing gold. I get that. I
get that. Give her held like a bar of gold
in your hands, it's kind of heat, you know, the
weight to it to some degree. I don't have any
(02:54):
sentimental attachment to it. You see in some of the
commercials that they have out there with the people fondling.
You know, their their gold. It's tangible. I can hold
onto that, Okay, Okay, you can also you know, go
out and you can you know, rub your hands in
some dirt, some farmland, and that's worthwhile too, right water,
(03:18):
you put your hands out, I mean, that's worthwhile. I
mean there's a lot of things that have value to it.
And listen, people, with the prices where they are, even
though they come back a little bit. I said, there's
going to be a lot more supply hitting the market.
And that's one thing again that I have. I have
a difficult time getting my arms around trying to value
(03:39):
this because I don't know what that's going to be.
I don't know how much they're going to put on
the market. It's the same thing when you talk about
this when it when it comes to diamonds. You know,
one of the most manipulated markets going and how they
hold diamonds off the market in Antwerp and it keeps
the prices artificially high. So again, you know, okay, that's great.
(04:04):
It's a piece of coal that was compressed over time. Wow.
Pretty I don't get it. I don't get it. Certain
people like that stuff. I don't. It has a value
based upon what people believe in at that point in time.
That's that's all. Okay, that's all any of this these
things are. Do you understand? It's the word credit has
(04:26):
a you know, a bit of root there. It's called
credira from the Latin Latin for to believe. If people
believe it's worth five thousand dollars and out, well, then
it'll be worth five thousand dollars. People won't believe that anymore.
It's gonna come down. That's the same thing, you know
as my you know, my baseball card collection where oh
(04:47):
you know, and anyone some of my old baseball cards,
especially take a look at some of the ones from
the nineteen fifties and nineteen sixties. Nineteen fifty was in
particular the artwork. It's just they're beautiful in my opinion,
I think their gorge like artwork to me, neat on
the back and I just how they did things back then.
I have a value on them. There's a value if
I want to sell them, But I have sentimental value
(05:07):
that's attached to these things. How do I value gold?
Do should I step in? Now? I wouldn't be buying
one commodity one in particular. You have to do it
as a basket, and as quickly as gold has come up,
it most certainly can go back down. And I know
(05:31):
I'm caring guaranteed to get a flood of pe. Oh
you know all this Federal Reserve printed money, alternative asset.
I I hear you, man, I get you. I do.
But until people start thinking, people start actually using it
as money, because they talk it being sound money, and
actually going to Walmart and paying with gold, you know,
(05:57):
that's a different story. And quite frankly, I don't see
that happening any time soon. Fine, part of your portfolio,
I get that. I get that. And quite frankly, if
you have done this well, and if you've held on
to it for an extended period of time, like anything else,
anything else that's done extraordinarily well, you take profits off
(06:20):
the table. Always take profits off the table, reallocate assets,
but crede it on what. I have no idea how
much leverage is built into this system right now, I
(06:40):
have no clue. I have no clue. So I'm basically
what I'm doing is flipping a coin. I don't flip
coins that's not what we do here. Watch Dog and
wall street dot Com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Gold diamonds and baseball cards got a few questions past
day or two regards to gold sell off in gold?
Does that mean should I be buying in right now? Wow?
Look at the dip here? Should I step in now?
I don't know. I don't I've never I've never been
(00:42):
able to value a commodity like gold. It goes into favor,
it goes out of favor. You've got lots of different
arguments out there. People talk about that's the only sound
money that's out there. Why why does it sound like
(01:03):
well it's been that way for thousands and thousands of year. Well, okay, fine,
you know my argument, and I made this argument decades ago,
and I'm saying to myself, you know, you get all
of the preppers out there, you know, the dollar is
going to die, and this is going to happen. That's
(01:23):
going to happen. That happens, my friends, I am going
to value I'm going to value my guns more than
I am gold. Let's just be honest. Okay, your zombie
apocalypse comes, what do you need goal for? I've always
(01:46):
talked about commodities and then you know, having to play
a part in one's portfolio. And I've always been a
believer in a basket of commodities, and I happen to
think that other commodities quite frankly, are of much greater
use than gold is. That's just me, That's just me. Yeah,
(02:07):
we've owned parts of it. We talked about some of
the gold mining stocks and how they're going to be
doing much better because the price is up and obviously
their break even point has met at a lower level,
so they can become a little bit more profitable. We
talked about the fact that the amount of dollars that
are flowing into the United States UH in terms of
companies in particular tech companies and central banks and others
(02:33):
hedging hedging their position utilizing gold. I get that. I
get that. Give her held like a bar of gold
in your hands, it's kind of heat, you know, the
weight to it to some degree. I don't have any
(02:54):
sentimental attachment to it. You see in some of the
commercials that they have out there with the people fondling.
You know, their their gold. It's tangible. I can hold
onto that, Okay, Okay, you can also you know, go
out and you can you know, rub your hands in
some dirt, some farmland, and that's worthwhile too, right water,
(03:18):
you put your hands out, I mean, that's worthwhile. I
mean there's a lot of things that have value to it.
And listen, people, with the prices where they are, even
though they come back a little bit. I said, there's
going to be a lot more supply hitting the market.
And that's one thing again that I have. I have
a difficult time getting my arms around trying to value
(03:39):
this because I don't know what that's going to be.
I don't know how much they're going to put on
the market. It's the same thing when you talk about
this when it when it comes to diamonds. You know,
one of the most manipulated markets going and how they
hold diamonds off the market in Antwerp and it keeps
the prices artificially high. So again, you know, okay, that's great.
(04:04):
It's a piece of coal that was compressed over time. Wow.
Pretty I don't get it. I don't get it. Certain
people like that stuff. I don't. It has a value
based upon what people believe in at that point in time.
That's that's all. Okay, that's all any of this these
things are. Do you understand? It's the word credit has
(04:26):
a you know, a bit of root there. It's called
credira from the Latin Latin for to believe. If people
believe it's worth five thousand dollars and out, well, then
it'll be worth five thousand dollars. People won't believe that anymore.
It's gonna come down. That's the same thing, you know
as my you know, my baseball card collection where oh
(04:47):
you know, and anyone some of my old baseball cards,
especially take a look at some of the ones from
the nineteen fifties and nineteen sixties. Nineteen fifty was in
particular the artwork. It's just they're beautiful in my opinion,
I think their gorge like artwork to me, neat on
the back and I just how they did things back then.
I have a value on them. There's a value if
I want to sell them, But I have sentimental value
(05:07):
that's attached to these things. How do I value gold?
Do should I step in? Now? I wouldn't be buying
one commodity one in particular. You have to do it
as a basket, and as quickly as gold has come up,
it most certainly can go back down. And I know
(05:31):
I'm caring guaranteed to get a flood of pe. Oh
you know all this Federal Reserve printed money, alternative asset.
I I hear you, man, I get you. I do.
But until people start thinking, people start actually using it
as money, because they talk it being sound money, and
actually going to Walmart and paying with gold, you know,
(05:57):
that's a different story. And quite frankly, I don't see
that happening any time soon. Fine, part of your portfolio,
I get that. I get that. And quite frankly, if
you have done this well, and if you've held on
to it for an extended period of time, like anything else,
anything else that's done extraordinarily well, you take profits off
(06:20):
the table. Always take profits off the table, reallocate assets,
but crede it on what. I have no idea how
much leverage is built into this system right now, I
(06:40):
have no clue. I have no clue. So I'm basically
what I'm doing is flipping a coin. I don't flip
coins that's not what we do here. Watch Dog and
wall street dot Com
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