Jeff Clark: Last Great Buying Opportunity For Gold
Tom welcomes a Jeff Clark back to the show. Jeff is Senior Precious Metals Analyst at GoldSilver.com.
Jeff discusses the risk of a Biden presidency and the potential for a long slow decline in the U.S. Dollar. The primary reason is because of the monetary and fiscal stimulus being conducted by the Fed and treasury. The current proposal for the “Build Back Better Program” is 7 trillion, and the only way to get that is to print it. We can expect ongoing massive dilution of the U.S. currency.
There has been and will continue to be a lot of deflation. He reviews the stagflationary period that occurred during the 1970s. Inflation can happen simultaneously with deflation. This year the U.S. hit the highest level of deficit spending in its history. All of this is supportive for gold.
Jeff discusses why the new mine supply of bullion could fall dramatically. Silver is already in a significant downtrend, and gold is also entering a structural decline. We need sustainably higher silver prices before much exploration and development occur.
He says, “This could be one of the last great buying opportunities, especially when you consider the large macro picture. The bigger the sell-off, the bigger the opportunity.” March was an excellent example of a sell-off, and we also briefly saw the highest gold to silver ratio in history.
The time to stop buying gold and silver would be only after a massive reduction in risk in the world today.
He discusses some of the best investment strategies that will terrify most financial planners.
Jeff discusses the potential benefits that crypto will have on society. For him, it’s mostly a speculative investment.
Gold today, relative to anything else, is still inexpensive. Huge potential remains for gold and silver equities. Jeff discusses some mining equities that currently excite him.
Talking Points From This Episode
- Metals under a Biden Presidency
- Pending Stimulus Plans & Stagflation
- Declining Mine Supply
- Mining Equity Picks
Time Stamp References:
0:00 – Introduction
0:40 – Biden & Stimulus
5:38 – Flationary Forces
8:58 – Interest Rates & Inflation
10:45 – Janet Yellen
12:42 – Gold & Silver Mine Supply
16:51 – Last Buying Opportunity?
19:18 – When Should I Exit Gold?
21:04 – Financial Planners
25:04 – Jeff’s Portfolio
29:03 – Conserving Value
31:40 – Is Bitcoin a Store of Value?
33:48 – Mining Stock Picks
42:09 – Junior Criteria
45:18 – Wrap Up
Jeff Clark is Senior Precious Metals Analyst at GoldSilver.com. He is an accomplished analyst, author, speaker, and a globally recognized authority on precious metals. The son of an award-winning gold panner with family-owned mining claims in California, Arizona, and Nevada, Jeff, has deep roots in the industry. An active investor with a love of writing, Jeff eventually became a mining industry analyst, including ten years as senior editor for the world-renowned publication BIG GOLD. Jeff has been a regular conference speaker, including at Cambridge House and Sprott Resources events, the Silver Summit, and many others. He currently serves on the board at Strategic Wealth Preservation, a bullion storage facility in Grand Cayman, and provides analysis and market commentary for GoldSilver.com. Jeff’s previous positions include Senior Precious Metals Analyst for Hard Assets Alliance and, before that, was a Senior Editor for Casey Research.