Tom welcomes returning guest Peter Grandich to the show, Peter Grandich. Peter discusses the potential for this gold bull market and why it’s likely extraordinary. Central banks are buying at record levels, and many of those buying are doing it for safety reasons. Don’t bet against the Fed and don’t bet against central banks when it comes to gold. Mining shares have yet to reflect, and arguably as cheap as they can get regarding the price of gold.

We started to see some liquidation last year, but not as much in the retail sector. Most investors and money managers today have never seen a real downturn. Investors need to start value investing because the tailwind of printing trillions has stopped. The Fed is probably not in a position to start the printers back up. Inflation is hard to fix.

People are more concerned about running out of money than dying because retirement is going to become a major issue.

The world has a tremendous immigration and social spending problem. Many immigrants will not be productive, but will fall into the support systems. There will be tremendous strains on government, and that will be passed onto the younger generation as a tax burden. This will create a war between age classes. There are many things that financial advisors are not taking into consideration.

It’s remarkable how many additional metals are needed for electrification and electric vehicles. The global supply chain is hampered by a lack of interest in mining and investment in these sectors.

Peter discusses some of the problems with the U.S. power grid and why we need better solutions that will have to come from Nuclear Energy. This will require a significant time lag to build these projects.

The recent employment number was so surprising because they changed most of the metrics they used. Inflation is here, economy is on the rocks and people are going to notice when they have no discretionary income.

Talking Points From This Episode

• The potential of the bull market in precious metals.
• Why the Fed is unable to restart the money printing train.
• Electrification, the need for metals, and a lack of capital investment.

Time Stamp References:
0:00 – Introduction
0:44 – Sentiment & Gold Buying
3:42 – Gold Price Behavior
5:38 – Paper Derivatives
8:55 – A Changing Landscape
11:20 – Inflation & Retirement
15:46 – Fed Stuck
18:39 – Demographics & Economies
22:12 – C.B. & the Dollar System
24:10 – Global Supply System
27:35 – Copper & Energy Metals
31:13 – Uranium Sentiment
36:10 – Grid & Energy Concerns
38:35 – Trends in 2023
42:29 – Rates & Latent Effects
44:54 – Wrap Up

Guest Links:
Website: https://petergrandich.com
Twitter: https://twitter.com/petergrandich

Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training. Within three years, he was appointed Head of Investment Strategy for a leading New York Stock Exchange member firm. He would hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds, and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. In addition, he has spoken at investment conferences worldwide, edited numerous investment newsletters, and was one of the more sought-after financial commentators.

Grandich has been a member of the National Association of Christian Financial Consultants, The New York Society of Security Analysts, The Society of Quantitative Analysts, and The Markets Technician Association. He is an active supporter of Athletes in Action, the Fellowship of Christian Athletes, Good News International Ministries, and Catholic Athletes For Christ. Through Athletes in Action, Grandich assisted with Bible study and chapel services for the New York Giants and New York Yankees from 2002 to 2016.

His autobiography, Confessions of a Wall Street Whiz Kid, was first published in 2011 and is now on its fourth printing.

Peter Grandich resides in New Jersey with his wife, Mary, and has one daughter, Tara. In 2015, he turned a three-decade dream into a reality by opening a storefront office in the “Norman Rockwell style” Jersey Shore town of Spring Lake. He then extended that vision by opening a satellite office in Millstone Township in 2019.