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Jaime Carrasco: Copper Signals Inflation As Gold Remains Suppressed

Tom welcomes forward thinker and returning guest Jaime Carrasco of Canaccord Genuity to the show.

Jaime discusses 2020, the elections, and why the world needs a monetary reset. Whoever wins the election will have the job of negotiating with the world. Canada is making many stupid decisions around energy and the economy. Globally, the consequences are becoming evident from all the money printing.

Language can change what we think and control narratives. There are consequences as things become more polarized and cautions that populist waves are often unpredictable. It seems we are living through a fourth turning.

Central banks today are the real problem, and today, we are already beyond the end of the road. There is a good chance of a central bank blow-up this year or the next. There are too many issues, and these debts have to be reset, or there will be no economic growth.

Copper is the global barometer for economic activity because it is hard to manipulate. Coper prices are moving higher, and he believes it is tracking monetary devaluation.

He discusses precious metals manipulation and how it is done through massive paper dumps to control the price. The consequence of these actions is that soon they will only be able to slow the rise but won’t stop it.

Producers have incredible potential and will provide a lot of leverage in this environment. He’s betting that his portfolio of producers will outperform.

Jaime argues that blockchain is a digital currency system that can’t be controlled and eventually will overwhelm the banker’s control of gold. Before too long, we won’t need the banks. Gold is the one constant that will endure and remain the ultimate form of money. He says, “Follow the yellow brick road.”

Time Stamp References:
0:00 – Intro
0:37 – Election & Populism
3:20 – Language & Censorship
7:45 – Monetary Buoyancy
10:28 – The Real Problem
15:05 – Copper Breakout
16:47 – Metal Manipulation
19:25 – Silver & Miners
21:44 – Blockchain Profits
23:32 – Structuring Portfolios
28:00 – Bitcoin, Gold, & Currency
31:40 – The End of Banking?
34:15 – Hedge Accordingly
37:02 – Wrap Up

Talking Points From This Episode

  • Elections and coming monetary reset.
  • Controlling narratives and populism.
  • Protecting your financial position.
  • Rising commodity prices and gold.

Guest Links:
Website: Canaccord Genuity
CME Video:

Jaime Carrasco is portfolio manager at Canaccord Genuity Inc. in Toronto. From 2014-2018 he worked as Director of Wealth Management and Associate Portfolio Manager for ScotiaMcLeod. Before this, he worked for Macquarie Group, CIBC Wood Gundy, BMO Nesbitt Burns, Gordon Capital, and Merrill Lynch.

Jaime is a leading Canadian investment professional with 25 years of experience providing wealth management and investment counsel to affluent families, businesses, and institutions. He has garnered a reputation for questioning and challenging the status quo and exploring the most innovative investment strategies.

Jaime, whose mother tongue is Spanish, also speaks Italian and French. He completed a BA in political science and economics at the University of Toronto in 1988. While a student, he worked for CS Yacht, a company that built luxury sailboats, thus spending his summers as a skipper for the Canadian establishment members. Jaime credits this experience and having survived sailing through Hurricane Bob in 1991. This experience taught him lessons that have become a metaphor for his financial investment strategies.

“Like one’s financial wealth, sailing is not about controlling the wind, but rather about adjusting the sails.”

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