Fed’s Desperate Bid to Stop Gold Price - Why it Will Backfire

00:41:48
https://www.youtube.com/watch?v=MVnuez7zuPU

Summary

TLDRIn a recent discussion, Evie Tucker addresses the IMF's warning about economic repercussions from Trump tariffs and a lowered US growth forecast. He emphasizes the importance of gold as a stable investment amidst market volatility, advocating for a long-term investment mindset rather than seeking quick gains. Tucker critiques the current economic system and suggests that individuals should focus on sustainable wealth-building strategies. He also discusses the potential rise of central bank digital currencies, like Fedcoin, and the changing dynamics of the economy, urging listeners to prepare for a new financial landscape.

Takeaways

  • 📉 IMF warns of negative economic impacts from Trump tariffs.
  • 📊 US growth forecast slashed to 1.8% for 2025.
  • 📚 Evie Tucker emphasizes the importance of gold as an investment.
  • 💡 Focus on long-term wealth management, not instant success.
  • 💰 Fedcoin is expected to be the future of currency.
  • 🏠 Real estate and cash are recommended diversifications.
  • 🔍 The gold market reflects economic health and stability.
  • ⚖️ Shift your mindset to sustainable wealth-building strategies.
  • 🚀 New beneficiaries are emerging in the changing economy.
  • 🤔 Prepare for a new financial landscape.

Timeline

  • 00:00:00 - 00:05:00

    The IMF warns of a significant negative impact from Trump tariffs, reducing the US growth forecast for 2025 from 2.7% to 1.8%. Evie Tucker, author of 'Why Gold? Why Now?' and 'Not for Sale: How to Survive and Thrive in a World That Wants to Control You', discusses these economic concerns and the importance of critical thinking in the current climate.

  • 00:05:00 - 00:10:00

    Tucker expresses skepticism towards trusting bureaucrats and emphasizes the need for individuals to think independently. He believes that the current economic situation, while alarming to some, presents opportunities for those prepared for change. He critiques the previous economic management strategies that created a false sense of wealth through inflated asset prices.

  • 00:10:00 - 00:15:00

    Tucker shares his personal journey of education and skepticism towards traditional authority figures, suggesting that the current economic warnings from institutions like the IMF may not be as dire as they seem. He encourages a mindset shift towards embracing new opportunities rather than relying on outdated systems.

  • 00:15:00 - 00:20:00

    The conversation shifts to the topic of gold, with Tucker explaining that the gold market is not driven by consumer purchases but rather by market manipulation through futures trading. He believes that gold prices have been artificially suppressed and are now beginning to rise, indicating a shift in the economic landscape.

  • 00:20:00 - 00:25:00

    Tucker discusses the dynamics of the gold and silver markets, highlighting the challenges faced by silver due to its easier control compared to gold. He predicts that gold prices will continue to rise, albeit with fluctuations, and emphasizes the importance of holding physical gold as a hedge against economic instability.

  • 00:25:00 - 00:30:00

    The discussion touches on the mindset of instant wealth creation prevalent in society, with Tucker advocating for a long-term investment approach. He criticizes the 'sweepstakes mentality' that seeks quick returns and suggests that true wealth comes from thoughtful, long-term management of resources.

  • 00:30:00 - 00:35:00

    Tucker reflects on the importance of personal fulfillment over the pursuit of wealth, sharing his philosophy of making decisions based on enjoyment rather than financial gain. He believes that a shift in mindset is necessary for individuals to navigate the current economic challenges successfully.

  • 00:35:00 - 00:41:48

    The conversation concludes with Tucker's insights on the future of money, including the rise of central bank digital currencies (Fedcoin) and the potential implications for personal finance. He emphasizes the need for individuals to adapt to these changes and consider how they will manage their wealth in a rapidly evolving financial landscape.

Show more

Mind Map

Video Q&A

  • What is the IMF warning about?

    The IMF warns of a major negative shock due to Trump tariffs and has slashed the 2025 US growth forecast.

  • What are Evie Tucker's books about?

    Evie Tucker's books discuss investment strategies, particularly in gold, and how to thrive in a controlled world.

  • Why is gold considered a good investment now?

    Gold is seen as a hedge against economic instability and inflation, with its value rising due to market pressures.

  • What mindset does Evie Tucker suggest for investing?

    He suggests focusing on long-term wealth management rather than seeking instant returns.

  • What is Fedcoin?

    Fedcoin refers to a central bank digital currency that is expected to be implemented in the future.

  • How does Evie Tucker view the current economic situation?

    He believes there is a transition happening in the economy, with new beneficiaries emerging.

  • What does Evie Tucker say about the middle class?

    He expresses skepticism about the return of the middle class but acknowledges the need for rebuilding it.

  • What investment strategy does Evie Tucker recommend?

    He recommends diversifying investments, including gold, real estate, and maintaining cash.

  • What is the significance of the gold market?

    The gold market is seen as a barometer for economic health and a safe haven during uncertainty.

  • How does Evie Tucker suggest handling fear in investing?

    He advises staying focused and not getting carried away by market noise.

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  • 00:00:00
    The IMF, the International Monetary
  • 00:00:02
    Fund, warning of a major negative shock
  • 00:00:06
    that will emerge from the Trump tariffs.
  • 00:00:08
    They're also slashing 2025 US growth
  • 00:00:11
    forecast to 1.8% from 2.7% citing the
  • 00:00:16
    trade tensions. Here to talk about all
  • 00:00:18
    this and dissect so much more, Evie
  • 00:00:21
    Tucker. He is the author of Why Gold?
  • 00:00:24
    Why now? and he's also back with his
  • 00:00:26
    latest uh Not for Sale: How to Survive
  • 00:00:29
    and Thrive in a World That Wants to
  • 00:00:31
    Control You. And uh you can also read
  • 00:00:34
    him um much more often at the two books
  • 00:00:37
    at evtucker.com with the Tucker letter.
  • 00:00:40
    How did I do? Did I get all those boxes?
  • 00:00:42
    Evie, sounds good to me. Now, you're
  • 00:00:45
    officially a best-selling author.
  • 00:00:48
    I think that's technically the case. Uh
  • 00:00:51
    but you know, people some people like to
  • 00:00:53
    read these days. Some people want
  • 00:00:55
    instant success like a sweep stakes and
  • 00:00:59
    uh which I find fascinating. We're
  • 00:01:01
    writing about that this week in the
  • 00:01:02
    Tucker letter. By the way, the Tucker
  • 00:01:04
    Letter has no advertising and has
  • 00:01:06
    nothing to sell you and comes out every
  • 00:01:08
    other Thursday. And if you want to
  • 00:01:10
    really learn how someone thinks, you'll
  • 00:01:12
    read it. And if you want to stop reading
  • 00:01:14
    it, you just stop reading it. It's just
  • 00:01:16
    come and go as you please. Well, look,
  • 00:01:18
    you've always kind of been ahead of the
  • 00:01:20
    curve here uh with the Tucker letter,
  • 00:01:21
    with your books. I mean, why gold? Why
  • 00:01:23
    now? We're obviously going to talk about
  • 00:01:24
    why gold now, but first I want to get
  • 00:01:27
    your your thoughts on the IMF here
  • 00:01:30
    warning of a major negative shock. I
  • 00:01:32
    mean, look, the headline doesn't
  • 00:01:33
    surprise me. Um, but does it scare you?
  • 00:01:38
    Nothing really scares me. Uh, Fedcoin is
  • 00:01:42
    a little bit scary, but we're ready for
  • 00:01:43
    that too at the Tucker letter, but
  • 00:01:45
    that's coming. Uh people, it's funny
  • 00:01:47
    right now because I was a dropout, which
  • 00:01:49
    a lot of people have a hard time
  • 00:01:51
    understanding and then I didn't read a
  • 00:01:53
    book until I was, I don't know, maybe 29
  • 00:01:56
    or something. And then I read thousands
  • 00:01:57
    of pages of books like in months. And
  • 00:02:01
    the consequence of that is that is that
  • 00:02:02
    I never really trusted the teachers and
  • 00:02:05
    the people that, you know, were in
  • 00:02:07
    charge of me growing up. And what I see
  • 00:02:10
    right now, it's very amusing because
  • 00:02:12
    everyone says, um, you got to trust
  • 00:02:14
    these people in Brussels and in, you
  • 00:02:17
    know, and in, uh, uh, Geneva and, uh, in
  • 00:02:20
    Washington, they know best. These are
  • 00:02:22
    the people, these administrative people,
  • 00:02:24
    the the people that have been given
  • 00:02:26
    their life to
  • 00:02:27
    government. But maybe, maybe not. I
  • 00:02:30
    mean, what if what if what if give the
  • 00:02:32
    other side a shot? And what if it works?
  • 00:02:34
    What if business people and what if, you
  • 00:02:36
    know, why why not give it a shot? you
  • 00:02:38
    know, maybe the maybe the people that
  • 00:02:39
    are bureaucrats don't know. So, when the
  • 00:02:41
    IMF comes out with a warning, you know,
  • 00:02:44
    it's maybe it won't be as scary as you
  • 00:02:45
    think. And uh somebody will do better.
  • 00:02:48
    That's the thing people don't realize is
  • 00:02:50
    that is that people have done very well
  • 00:02:52
    the last 15 years. We have this thing
  • 00:02:54
    called the virtuous circle that we've
  • 00:02:56
    been talking about of the Tucker letter
  • 00:02:57
    that that was the Bernani Obama plan to
  • 00:03:00
    manage society with levitating stock and
  • 00:03:03
    home prices. And that would cause
  • 00:03:05
    everyone to feel rich even though they
  • 00:03:07
    were getting poor. And that's over. And
  • 00:03:10
    so now there's a new regime. And if
  • 00:03:13
    you're ready for it, it's exciting. And
  • 00:03:15
    if you're waiting for the professor to
  • 00:03:17
    come back in and tell you that you're a
  • 00:03:19
    good student, you know, just follow
  • 00:03:20
    their instructions and you'll be okay.
  • 00:03:22
    Probably. It is scary. Okay. I like this
  • 00:03:25
    mindset. I want to uh learn a little bit
  • 00:03:28
    more here because as you know a lot of
  • 00:03:30
    people watching are you know looking at
  • 00:03:33
    what's going on in the world terrified
  • 00:03:35
    what we don't know what we're going to
  • 00:03:37
    wake up to right yeah so how do you stay
  • 00:03:41
    in control how do you stay focused and
  • 00:03:43
    how do you not get carried away by all
  • 00:03:45
    the noise I play a lot of tennis that's
  • 00:03:48
    number one that helps you really stay
  • 00:03:50
    focused tennis is like running around
  • 00:03:53
    playing chess yeah uh and and also these
  • 00:03:57
    people never really did me any favors,
  • 00:03:59
    you know, that were in charge for a long
  • 00:04:01
    time. So, so I think that helps. Okay,
  • 00:04:04
    because if you were benefiting from a
  • 00:04:07
    system where you didn't really have any
  • 00:04:08
    skills and you were just seeing like
  • 00:04:10
    you're levitating, you know, in your
  • 00:04:12
    401k and you bought a townhouse near
  • 00:04:14
    Washington and it went up in value, then
  • 00:04:16
    I guess it is scary, right? But, you
  • 00:04:18
    know, we were we were talking about
  • 00:04:20
    gold. I mean, you know, this this is the
  • 00:04:22
    this is a just a hunk of metal and
  • 00:04:24
    everybody was saying like, how dumb is
  • 00:04:26
    that, you know? But I mean, this is like
  • 00:04:28
    120 grand now and it's going higher and
  • 00:04:31
    everybody's just bugging out and it's
  • 00:04:34
    this is not going up in value, by the
  • 00:04:36
    way, the the silver. So, it's 105 to
  • 00:04:39
    one, you know, the price of gold to
  • 00:04:41
    silver. Now, there's a reason there's
  • 00:04:42
    this is important, right? Because
  • 00:04:43
    everybody's like, "Oh, what about
  • 00:04:45
    silver?" Well, silver is not going up
  • 00:04:47
    because it's easier to control, but gold
  • 00:04:49
    is become hard to control. Okay? So,
  • 00:04:51
    what you see is there's something going
  • 00:04:53
    on with the nations of the world.
  • 00:04:55
    Someone's putting pressure on the New
  • 00:04:57
    York and London process of keeping the
  • 00:05:00
    gold price mellow. And we've talked
  • 00:05:03
    about this for years. You Everybody
  • 00:05:05
    wants me to write a new why gold, why
  • 00:05:07
    now? Like an updated version. I'm not
  • 00:05:09
    going to do it. The reason why is
  • 00:05:11
    because you just don't read chapter 24.
  • 00:05:13
    that didn't work out well. And
  • 00:05:15
    everything else in the book is totally
  • 00:05:18
    the same. And if you just read the book,
  • 00:05:20
    it takes only a few hours. You
  • 00:05:22
    understand the whole gold market. And so
  • 00:05:24
    the gold market is not driven by people
  • 00:05:26
    buying gold. In fact, the dealers tell
  • 00:05:28
    me that people are not really buying
  • 00:05:30
    gold so much. I mean, there's a lot of
  • 00:05:32
    people still selling, which is shocking.
  • 00:05:35
    But what's happening is the pricing is
  • 00:05:38
    changing. And I think it's going to keep
  • 00:05:39
    going up. It's going to go too high, by
  • 00:05:41
    the way, and then it's going to come
  • 00:05:43
    back down. And people are very confused
  • 00:05:45
    by this. But what what you see is it's
  • 00:05:47
    been held too low. And it's been done
  • 00:05:49
    with the futures market. And we've been
  • 00:05:51
    we've been uncovering this for years.
  • 00:05:53
    And I don't like when people call it
  • 00:05:55
    manipulation. It's management because
  • 00:05:56
    they figured out that if the gold price
  • 00:05:58
    stayed down, it would mask the overall
  • 00:06:01
    kind of deterioration of the money in
  • 00:06:04
    the society. And so that was very easy
  • 00:06:05
    to do, but it blew up. Totally blew up.
  • 00:06:09
    Okay, good point there. Why did it blow
  • 00:06:11
    up? Why can't they mask it anymore? It
  • 00:06:14
    went too far. Like all cartels, there's
  • 00:06:16
    a saying that any cartel eventually, you
  • 00:06:19
    know, erodess, right? It it's it never
  • 00:06:21
    holds together for for for so long
  • 00:06:24
    because because you push it too you push
  • 00:06:26
    it too far. That's what happened. And so
  • 00:06:29
    you managed it with the futures market.
  • 00:06:31
    We would write in the newsletter that
  • 00:06:32
    there would be like half a year's gold
  • 00:06:34
    supply trading in the futures market on
  • 00:06:36
    a day and it would knock the gold price
  • 00:06:38
    down. It was very obviously driven by
  • 00:06:41
    someone, you know, unloading tons of
  • 00:06:43
    futures contracts that had nothing to do
  • 00:06:45
    with actual gold. And that became
  • 00:06:47
    expensive all of a sudden because it
  • 00:06:49
    went too far. People say 100 to one.
  • 00:06:52
    People say, you know, there's 100 ounces
  • 00:06:54
    of futures trading for every ounce of
  • 00:06:55
    gold. Who knows? Also, who cares? What
  • 00:06:58
    we see now is that there's some sort of
  • 00:07:01
    nation versus nation. Let me have the
  • 00:07:04
    actual gold. And then, you know, it's
  • 00:07:07
    it's there. I mean, there's gold there.
  • 00:07:09
    It's like it's kind of like saying the
  • 00:07:10
    futures market is not a bad thing. I
  • 00:07:12
    mean, if you're a farmer and you need to
  • 00:07:14
    buy a tractor, you know, you'll sell
  • 00:07:16
    next year's corn harvest today and
  • 00:07:19
    you'll buy a tractor. That's how the
  • 00:07:20
    whole thing started. But how it's
  • 00:07:22
    finished in the gold market is going to
  • 00:07:24
    be it's really unraveling. That's what's
  • 00:07:26
    happening. And so if you have the medal,
  • 00:07:29
    you're in a whole different ballgame.
  • 00:07:30
    And and if you don't have the metal, you
  • 00:07:32
    know, good luck. Good luck. Like I mean,
  • 00:07:35
    you just have paper. And everybody kind
  • 00:07:38
    of like the the other thing is I want to
  • 00:07:40
    talk about this sweep stakes mentality.
  • 00:07:42
    Like I just think the market's going to
  • 00:07:44
    keep going down until all these people
  • 00:07:46
    that want instant success are gone. Like
  • 00:07:51
    it's not how it works, right? I mean
  • 00:07:53
    like like people like yesterday my the
  • 00:07:55
    guy I played tennis with David he in the
  • 00:07:57
    weekdays he he was like
  • 00:07:59
    um what my girlfriend wants to know what
  • 00:08:02
    I should what she should do with $10,000
  • 00:08:04
    and I'm like you should tell her to do
  • 00:08:06
    something fun with her boyfriend and
  • 00:08:09
    he's like well no no like an investment
  • 00:08:10
    and I'm like look I'm trying to tell you
  • 00:08:12
    like take the money and do something
  • 00:08:15
    memorable. Well we can't do that like we
  • 00:08:18
    need to multiply it and it's like why?
  • 00:08:21
    Like why I mean why is this mentality of
  • 00:08:24
    like I have to instantly create this
  • 00:08:26
    like massive effect or whatever and
  • 00:08:29
    somebody's got a secret for me and if
  • 00:08:30
    they'll give it to me then I could
  • 00:08:31
    change my life. You're supposed to make
  • 00:08:33
    money grow. That's what he wants his
  • 00:08:35
    money to grow. He wants his wealth. But
  • 00:08:37
    it's like you encounter these times
  • 00:08:40
    where if you're a like if you're me okay
  • 00:08:42
    so so like I see myself as a as a
  • 00:08:44
    long-term manager like a like a steward
  • 00:08:47
    of of money. Okay. And I think it's
  • 00:08:49
    because that's the way that I learned
  • 00:08:51
    about I didn't my grandfather taught me
  • 00:08:54
    about stocks. They traded in fractions.
  • 00:08:56
    So it' be like 22 and an eighth or
  • 00:08:57
    whatever. And there was never a time
  • 00:08:59
    where he was like you multiply you go on
  • 00:09:01
    a trampoline effect, you know, and you
  • 00:09:03
    like it was like no, you buy something
  • 00:09:06
    like a business that seems like a really
  • 00:09:08
    like a good thing that you like and and
  • 00:09:11
    then you keep an eye on it, right? And
  • 00:09:13
    you and you over time like that business
  • 00:09:15
    should grow. You know, if you've made a
  • 00:09:17
    good call like with that like if you
  • 00:09:19
    feel like you paid a good price. If you
  • 00:09:20
    bought an exercise bike with an iPad on
  • 00:09:22
    it for $100, that was a bad idea. You
  • 00:09:25
    know, that that that didn't work. Okay.
  • 00:09:27
    But if you bought something that you
  • 00:09:29
    know grew over time like the stocks and
  • 00:09:31
    the Tucker letter, if you bought
  • 00:09:32
    something that actually it makes money
  • 00:09:34
    and it gets bigger and it's not
  • 00:09:36
    dependent on like u meme memes or
  • 00:09:40
    something like that, right? then the
  • 00:09:42
    business gets bigger and your money does
  • 00:09:43
    grow. But we're like a long way away
  • 00:09:45
    from that. Like we're way way far away.
  • 00:09:47
    We're we're into this like just give me
  • 00:09:49
    the ticker symbol right now. I can put
  • 00:09:51
    it in my Robin Hood and I just need the
  • 00:09:53
    answer and you have it for me. And if
  • 00:09:55
    you're right, I'm not going to give you
  • 00:09:56
    any of the money. And if you're wrong,
  • 00:09:58
    I'm going to throw eggs at your house.
  • 00:10:00
    So, so that's not going to work. And
  • 00:10:03
    what I'm trying to say to you is is that
  • 00:10:05
    the market will keep going down until
  • 00:10:06
    those people are out of money. And
  • 00:10:08
    they're not out of money yet. they still
  • 00:10:09
    have $10,000 to like multiply. And EIE,
  • 00:10:12
    I think along those lines, uh those are
  • 00:10:15
    the same folks who didn't want to buy
  • 00:10:16
    gold because it wasn't going to give
  • 00:10:18
    them that instant return. They're not
  • 00:10:19
    going to buy it now either because
  • 00:10:20
    they're like, it's too high. It's gone
  • 00:10:22
    up, but it's not too high. I bought 20
  • 00:10:24
    coins this weekend. Okay, I bought my
  • 00:10:26
    kids. I was like, let let's buy some
  • 00:10:27
    coins. We bought them on online through
  • 00:10:29
    a dealer. I'm nervous now they're not
  • 00:10:31
    going to ship them to me. If they don't,
  • 00:10:33
    I'll publicize the trade in the
  • 00:10:35
    newsletter because it's like there's an
  • 00:10:37
    asterct that says um we reserve the
  • 00:10:40
    right to like cancel sales if the market
  • 00:10:42
    moves too much and the market's up
  • 00:10:44
    obviously like 150 an ounce or something
  • 00:10:46
    like that. But I thought that might
  • 00:10:47
    happen. So, I've bought the 20 coins.
  • 00:10:49
    But my point is is that when I buy gold,
  • 00:10:52
    it's not really a trade. It's like I'm
  • 00:10:54
    trying to kind of say what percentage of
  • 00:10:57
    my money do I want in gold. That's what
  • 00:11:00
    I'm doing. And nobody understands that.
  • 00:11:02
    They're like, "Well, what's I can't do
  • 00:11:04
    that with my 10,000. I'll never become
  • 00:11:06
    super rich."
  • 00:11:09
    Yep. They They're missing. Why do you
  • 00:11:10
    want to be super rich anyway? I mean,
  • 00:11:12
    here's the other thing. Like my entire
  • 00:11:14
    life, which I piece by piece show people
  • 00:11:18
    in the end of the Tucker letter, right?
  • 00:11:20
    It's all if none of it is designed on
  • 00:11:22
    like being super rich, it's all designed
  • 00:11:24
    on doing things that I find extremely
  • 00:11:27
    enjoyable. Okay?
  • 00:11:29
    Like everything I do is that's how I
  • 00:11:31
    decide. I don't like for example I don't
  • 00:11:33
    go to a restaurant because there is a
  • 00:11:35
    coupon. Like I go to if I feel like
  • 00:11:38
    having Italian, I'm going to go to
  • 00:11:40
    Italian or or if I feel like French, I'm
  • 00:11:43
    going to go to French. And like it's
  • 00:11:45
    nothing to do with like is a coupon like
  • 00:11:47
    like that. That's what people don't
  • 00:11:49
    understand. They don't understand that
  • 00:11:50
    like you don't do things to become
  • 00:11:52
    something else. You do things because
  • 00:11:54
    it's what you want to do. And so that
  • 00:11:56
    changes your entire mentality when it
  • 00:11:58
    comes to what are you going to do with
  • 00:12:00
    your money. It it's the whole thing
  • 00:12:03
    becomes easier. And and what I'm trying
  • 00:12:05
    to tell you is nobody that's in that
  • 00:12:07
    mindset is going to be talked out of it.
  • 00:12:09
    You cannot talk someone out of delusion.
  • 00:12:11
    The only thing that talks them out of it
  • 00:12:13
    is running out of steam. For example, if
  • 00:12:15
    you have a problem with with drinking or
  • 00:12:17
    something or drugs, you can never reason
  • 00:12:19
    with someone that has a problem with
  • 00:12:21
    drinking or drugs. Forget about it. You
  • 00:12:23
    actually have to encourage them to do
  • 00:12:24
    more because eventually they'll run out.
  • 00:12:27
    They'll run out of, you know, the their
  • 00:12:29
    own horsepower and then they'll come to
  • 00:12:31
    you and they'll say, "I think I have a
  • 00:12:32
    problem drinking or drugs." You'll go,
  • 00:12:34
    "Really? You think?" Like, is this new
  • 00:12:37
    information? We're trying to tell you
  • 00:12:39
    this for 10 years. And that's why like,
  • 00:12:41
    you know, the Tucker kids like will
  • 00:12:43
    never have the chance to go to rehab. By
  • 00:12:45
    the way, this is like something I did
  • 00:12:47
    that the lawyers were like spun out when
  • 00:12:49
    I did this. I'm like, "No, it doesn't
  • 00:12:50
    work." Like the only thing that works is
  • 00:12:53
    running out of gas. Now, how does that
  • 00:12:54
    relate to your money? Well, once these
  • 00:12:57
    people with the 10,000 are like, you
  • 00:12:59
    know what I'm going to do with the
  • 00:12:59
    10,000 is I'm going to save
  • 00:13:02
    it. Then we're probably at a market
  • 00:13:04
    bottom. Because if you remember in 2010,
  • 00:13:06
    like when Bernani started the virtuous
  • 00:13:08
    circle, he told us in a Washington Post
  • 00:13:12
    essay that he was going to make the
  • 00:13:13
    stock market and the real estate market
  • 00:13:16
    slowly go up in value because it would
  • 00:13:18
    make people feel confident and they
  • 00:13:20
    would invest and they would spend and
  • 00:13:21
    that would create this virtuous circle.
  • 00:13:23
    And he did it, but we didn't listen. In
  • 00:13:25
    2010, everybody thought it was way risky
  • 00:13:28
    to have stocks. Now, of course, the
  • 00:13:30
    resource stocks were moving, okay? But
  • 00:13:32
    nothing else was moving. I mean, if you
  • 00:13:33
    told someone in 2010 you were going to
  • 00:13:35
    buy like tech stocks, anything, they
  • 00:13:37
    were like, "That's really dangerous. You
  • 00:13:40
    should definitely not do that." Remember
  • 00:13:41
    Occupy Wall Street was 2011. That was
  • 00:13:44
    2011. We were still a year before.
  • 00:13:47
    Remember the bull down there? You and I
  • 00:13:49
    used to do interviews like at the that
  • 00:13:52
    people were
  • 00:13:53
    living around the bull defacing the bull
  • 00:13:57
    that was still a year ahead. Okay. So,
  • 00:13:59
    everybody forgets all about that. So,
  • 00:14:01
    nobody was like, "What should I do with
  • 00:14:03
    10 grand? Like, should I buy some penny
  • 00:14:05
    stocks?" I mean, nobody was doing that.
  • 00:14:08
    So, so what I'm trying to say is is that
  • 00:14:11
    if you want to be successful over the
  • 00:14:13
    long term, you have to switch your
  • 00:14:17
    thinking away from this sweep stakes.
  • 00:14:20
    And you don't also you don't have to be
  • 00:14:22
    conservative. I mean, I'm really not
  • 00:14:24
    that conservative. Like, if somebody
  • 00:14:26
    hits me with an idea that's crazy, I'm
  • 00:14:28
    like, "Yeah, I got a little bit of money
  • 00:14:30
    for that." I mean, I'm not like it's not
  • 00:14:32
    like I'm buying bonds, right? It's it it
  • 00:14:34
    but what I'm trying to say is my mindset
  • 00:14:37
    is I'm responsible for this over the
  • 00:14:40
    long term. And once you do that, it
  • 00:14:42
    changes everything. And you'll buy some
  • 00:14:43
    gold. You don't care the price. You
  • 00:14:45
    know, if you have like a small
  • 00:14:47
    percentage of your portfolio in gold,
  • 00:14:49
    you don't care what the price is. You're
  • 00:14:50
    looking at a percentage. You're like,
  • 00:14:52
    I'm balancing I'm b I manage money for
  • 00:14:55
    my kids, okay? I balance the portfolio
  • 00:14:58
    like every six months. Like I look at
  • 00:15:00
    the portfolio and I'm like what
  • 00:15:02
    percentage do I have in this stuff? It's
  • 00:15:04
    too much. I just go down. I'm not like
  • 00:15:05
    oh it's the price is not the driver of
  • 00:15:08
    it. I'm like I want them to have this
  • 00:15:10
    and this and this. It's it's
  • 00:15:11
    interesting. I you know having been in
  • 00:15:14
    gold for so long.
  • 00:15:16
    It just feels to me that excuse me that
  • 00:15:19
    gold
  • 00:15:20
    is almost finally liberated. That's
  • 00:15:23
    getting to do its thing. It's going to
  • 00:15:25
    go too far. And and so I want to pick up
  • 00:15:28
    where where you said that. Um because
  • 00:15:31
    the fear is, you know, how sustainable
  • 00:15:33
    is this? So what a little bit more
  • 00:15:36
    sustainable. A little bit more
  • 00:15:37
    sustainable. But because it has to if
  • 00:15:39
    you Okay. If you hold a beach ball
  • 00:15:41
    underwater, it's going to fly out of the
  • 00:15:43
    water and then it's going to come back.
  • 00:15:45
    Yeah. And it's going to hit the water,
  • 00:15:47
    but it's still going to be higher than
  • 00:15:48
    where you held it under the water. And
  • 00:15:50
    so what you don't want to do is try to
  • 00:15:52
    time when it's going to come out of the
  • 00:15:54
    water. That's the problem with the
  • 00:15:56
    silver people. Silver people, listen to
  • 00:15:58
    me. You have a lot of problems. The
  • 00:16:00
    first problem is you don't understand
  • 00:16:02
    how the market is going to work. You
  • 00:16:03
    will have this thing. Trying to catch
  • 00:16:06
    this thing is very dangerous. It's very
  • 00:16:09
    dangerous. Now, if you catch it in the
  • 00:16:10
    futures market, you're going to make
  • 00:16:12
    like a a fortune of a lifetime, but you
  • 00:16:14
    probably won't hold on to it because
  • 00:16:15
    it's very it's almost impossible. If you
  • 00:16:18
    catch it, it's almost luck. So, you want
  • 00:16:20
    to be aware that it's going to shoot and
  • 00:16:21
    then it's going to come back and it's
  • 00:16:23
    still going to end higher. gold price at
  • 00:16:25
    34 and a quarter. Let's see. Yeah, 3420
  • 00:16:28
    speaking. That's $24 trillion worth of
  • 00:16:32
    gold in the whole world. Okay. Now, we
  • 00:16:35
    what do we have a 90 something trillion
  • 00:16:37
    dollar GDP or something like that? I
  • 00:16:39
    think it's less than 100. We have a
  • 00:16:41
    stock market worth like 55 trillion. We
  • 00:16:43
    have real estate market worth 50
  • 00:16:44
    trillion in the US. We have like 300
  • 00:16:47
    plus trillion of assets around the
  • 00:16:48
    world. 24 trillion. It's not crazy. But
  • 00:16:52
    Bitcoin is 1.8 8 trillion. It's quite a
  • 00:16:55
    bit smaller. I mean, if you think about
  • 00:16:57
    think about it in these terms, right? I
  • 00:16:58
    mean, you start you need to start
  • 00:17:00
    looking at these things now. If gold
  • 00:17:01
    goes to 5,000 an ounce or something like
  • 00:17:04
    that, like now you're into the 30
  • 00:17:06
    trillion range, that's starting to get
  • 00:17:07
    pretty high. Okay? So, so like people
  • 00:17:10
    talk about the Dow to gold ratio. You
  • 00:17:12
    know, you start thinking about like if
  • 00:17:14
    the Dow to gold ratio was down really
  • 00:17:16
    low, like 2 to1 or something, that's
  • 00:17:18
    like really that means gold is like
  • 00:17:19
    really really high. and and that means
  • 00:17:22
    fear is at a level that's so high that
  • 00:17:24
    like you know is starting to become
  • 00:17:26
    something that you know I think people
  • 00:17:29
    should be aware of. What do you make of
  • 00:17:31
    this reading through the tea leaves or
  • 00:17:33
    the clues or crumbs whatever you want to
  • 00:17:35
    call it that this administration is
  • 00:17:37
    showing us in regards to gold. There's
  • 00:17:39
    all of a sudden talk of gold. President
  • 00:17:41
    Trump tweeting he who holds the gold
  • 00:17:43
    makes the rules. What does that mean? Is
  • 00:17:46
    there a reset back to gold? I mean,
  • 00:17:48
    everyone's trying to interpret, you
  • 00:17:50
    know. What's your your your take or
  • 00:17:53
    insights here, ees? I mean, I I I think
  • 00:17:56
    you've got to understand that that Trump
  • 00:17:59
    is first of all, my favorite book is
  • 00:18:01
    Infinite Jest. The the
  • 00:18:03
    the president in the story is this guy
  • 00:18:07
    who is like exactly like Trump, okay?
  • 00:18:09
    He's like a showman. He's like a
  • 00:18:11
    microphone swinging like, you know, like
  • 00:18:13
    everything is a show, you know? and and
  • 00:18:16
    you just have to understand that that
  • 00:18:18
    it's like this guy says things for
  • 00:18:20
    effect. I mean, it's like, you know, the
  • 00:18:21
    way it starts to become very
  • 00:18:23
    predictable. So, I I I I I think these
  • 00:18:26
    absolute things of like you're going to
  • 00:18:28
    a gold standard, it's totally
  • 00:18:29
    ridiculous. Like, you're not going to a
  • 00:18:30
    gold standard. I mean, if you did that,
  • 00:18:32
    like people would be totally wiped out.
  • 00:18:34
    And what's the point of that? I mean, it
  • 00:18:35
    doesn't doesn't make any sense. I mean,
  • 00:18:37
    sure, you have the gold, you make the
  • 00:18:39
    rules, it can mean a lot of different
  • 00:18:41
    things. Nobody has any gold. I mean,
  • 00:18:43
    China has a lot of gold. You know, the
  • 00:18:44
    US does have a lot of gold. Germany has
  • 00:18:46
    a lot of gold. So, it's all it's been
  • 00:18:48
    highly
  • 00:18:49
    financialized and you're going to unwind
  • 00:18:52
    some of that and that's the bottom line.
  • 00:18:54
    Now, the the system is not going to
  • 00:18:56
    collapse. This is crazy thinking. You
  • 00:18:58
    know, it's not going to happen like
  • 00:19:00
    this. But the leaders of the pack are
  • 00:19:02
    changing and the beneficiaries are
  • 00:19:05
    changing. And as you see, there's been a
  • 00:19:06
    lot of people close to the previous
  • 00:19:09
    administration. And when I say that, I
  • 00:19:11
    mean the last 15 years close to
  • 00:19:13
    Washington that have done very very
  • 00:19:15
    remember my story last year when I was
  • 00:19:18
    at the the Hey Adams and the guy the guy
  • 00:19:21
    eating the mascapone pancakes and
  • 00:19:24
    everything. People don't read this
  • 00:19:26
    stuff. I mean it's like those people are
  • 00:19:28
    right now are freaking out and they're
  • 00:19:30
    they're flailing around and they're
  • 00:19:31
    trying to like, you know, throw uh
  • 00:19:34
    insults at people and all. It's
  • 00:19:35
    ridiculous. It's just changing. It's
  • 00:19:38
    changing. there's a new group of people
  • 00:19:39
    that are that are benefiting and you
  • 00:19:41
    should be one of those people. That's
  • 00:19:43
    totally doable. When you say it's
  • 00:19:45
    impossible though, I want to bring you
  • 00:19:47
    back
  • 00:19:47
    there. Maybe it's come to a point where
  • 00:19:50
    there's so much loss of confidence in
  • 00:19:52
    the dollar, the dollar crumbling that
  • 00:19:54
    you need to have another solution. There
  • 00:19:57
    is no choice. There's no way out but a
  • 00:19:59
    reset. You're going to get Fedcoin.
  • 00:20:02
    That's what's going to happen. You're
  • 00:20:03
    not going to get honest money. Okay,
  • 00:20:05
    Fedcoin. Here's a concept. And Fedcoin,
  • 00:20:08
    by the way, folks, or EB Tucker is
  • 00:20:10
    central bank digital currency. He coined
  • 00:20:12
    the term. Yeah. A long time ago. Long
  • 00:20:14
    time ago. Patent EB Tucker. 10 years. E.
  • 00:20:18
    So, we stopped talking about central
  • 00:20:20
    bank digital currencies. By we, I mean,
  • 00:20:23
    that's right. Right. Um, that's right.
  • 00:20:25
    It's out of the It's out of the All of
  • 00:20:27
    We were talking about it for so long.
  • 00:20:28
    It's coming. It's coming. Plumbing's
  • 00:20:31
    done. Get ready. And then silence.
  • 00:20:34
    That's right. So, it's all setting up.
  • 00:20:36
    Okay. So, the next crisis, you know, or
  • 00:20:38
    the next crisis after that, it's going
  • 00:20:40
    to come and it's going to feel like a
  • 00:20:42
    safe solution. And there's going to be
  • 00:20:44
    beneficiaries. There's going to be
  • 00:20:46
    companies that are that are that are
  • 00:20:47
    going to help put this into place and
  • 00:20:49
    restore safety and confidence to the
  • 00:20:51
    market. There's going to be people
  • 00:20:52
    that'll that'll that'll sell it as a big
  • 00:20:55
    idea. There's going to be, you know,
  • 00:20:56
    tech leaders that are going to be there.
  • 00:20:57
    You can use your imagination as to which
  • 00:20:59
    ones might be involved. And and gee,
  • 00:21:02
    this is you're going to take this and
  • 00:21:04
    you're going to love it.
  • 00:21:06
    And to me, it's the year
  • 00:21:10
    2025. I think the Tucker kids are going
  • 00:21:14
    to look at the gold and say this was
  • 00:21:18
    kind of dumb because, you know, it just
  • 00:21:20
    sits in a box, but it is worth a lot,
  • 00:21:23
    but it's sort of underground. Like I
  • 00:21:25
    think there's going to be an excise tax
  • 00:21:27
    on gold. I mean, you're not going to
  • 00:21:28
    have anywhere to hide from Fedcoin.
  • 00:21:30
    Okay? So, like you're gonna take the
  • 00:21:31
    Fedcoin. It's kind of like you like I am
  • 00:21:35
    in New York all the I fly out of JFK and
  • 00:21:37
    the line the security line is really
  • 00:21:40
    long unless you submit to um facial
  • 00:21:43
    recognition software which is optional
  • 00:21:46
    and the option is you can stand in line
  • 00:21:48
    for like an hour and I probably fly in
  • 00:21:50
    and out of JFK like 25 times a year or
  • 00:21:53
    something at least and it's not really
  • 00:21:56
    practical that I can avoid facial
  • 00:21:59
    which you're already in the system. I
  • 00:22:02
    mean, just walking into the airport, you
  • 00:22:04
    know, they're taking like 300 pictures
  • 00:22:06
    of you, you're already in there. There's
  • 00:22:07
    no avoiding it. So, with Fedcoin, it's
  • 00:22:09
    like, unless you plan on living in
  • 00:22:11
    Helena, Montana in a in a cabin or
  • 00:22:14
    something, you know, and chopping wood
  • 00:22:16
    and killing elk or whatever, which
  • 00:22:18
    doesn't really sound like that much fun,
  • 00:22:20
    you know, for 40 years. I've lived up
  • 00:22:23
    there before, by the way, the panhandle
  • 00:22:25
    of Idaho, as you know, and it's fun, but
  • 00:22:28
    it does wear on you after a while. I
  • 00:22:29
    mean, you you occasionally want someone
  • 00:22:31
    to cook a meal for you or do something,
  • 00:22:33
    you know, so so it's not going to be
  • 00:22:36
    practical to avoid. It's coming. It's
  • 00:22:39
    coming and it's going to it's going to
  • 00:22:41
    you're going to be part of it. Why are
  • 00:22:42
    you see that? How are you so convinced?
  • 00:22:45
    What makes you so convinced? I mean, I
  • 00:22:46
    know the EC why why let's argue against
  • 00:22:49
    it. Why would why would anyone in
  • 00:22:51
    Washington do any favor for the for the
  • 00:22:54
    Let me Why did they come out this
  • 00:22:58
    administration say Yeah. Yeah, we're not
  • 00:22:59
    going or he even signed the executive
  • 00:23:01
    order banning central bank digital
  • 00:23:03
    currencies, however you want to
  • 00:23:05
    interpret it. And yes, you could just
  • 00:23:06
    say it's a magic trick. They're going to
  • 00:23:09
    just call it something else or, you
  • 00:23:10
    know, they're going to pretend to ban it
  • 00:23:12
    and it's something else. So it's it's
  • 00:23:15
    it's it's it's like uh the the same as
  • 00:23:19
    virtue signaling or something like like
  • 00:23:22
    like all the people to be popular now,
  • 00:23:25
    you know, you as a as a wealth, you
  • 00:23:27
    know, person on media, you have to say
  • 00:23:30
    that you grew up poor, you know, it's
  • 00:23:32
    like you have to like establish that you
  • 00:23:34
    grew up poor, which is so stupid. I
  • 00:23:36
    mean, because all the people that say
  • 00:23:38
    they grew up poor are raising their kids
  • 00:23:40
    like little princes and princesses,
  • 00:23:42
    right? So, and you're like, well, if you
  • 00:23:43
    grow up poor, why don't you raise your
  • 00:23:45
    kids poor, you know, like, wow, it's
  • 00:23:47
    just stupid. So, so everything is like
  • 00:23:49
    signaling, you know, and so you're going
  • 00:23:51
    to signal that you're protecting and
  • 00:23:53
    you're going to you're all about the
  • 00:23:55
    individual, which, you know, it's like
  • 00:23:57
    whatever. I mean, that's it's not like
  • 00:23:58
    bad to signal that, but when it comes to
  • 00:24:01
    managing this blob, which let's be
  • 00:24:03
    clear, is the biggest economy in the in
  • 00:24:05
    the world, which also, let's be clear,
  • 00:24:08
    is pretty powerful. I mean, if you
  • 00:24:10
    notice like all this talk of reckless,
  • 00:24:13
    you know, decisions out of Washington,
  • 00:24:15
    there's a lot of countries that are like
  • 00:24:17
    on their knees. I'm not saying it's a
  • 00:24:19
    good idea or a bad idea. I'm just saying
  • 00:24:21
    that like it's a pretty big system, you
  • 00:24:23
    know, and so when you're going to evolve
  • 00:24:25
    the system, how are you going to do it?
  • 00:24:27
    I mean, you already have the Patriot
  • 00:24:29
    Act, you already have um, you know, the
  • 00:24:32
    facto laws and all the it's forget about
  • 00:24:35
    trying to do anything outside of the
  • 00:24:38
    system. I mean literally forget about
  • 00:24:39
    it. It's already set up and so the next
  • 00:24:42
    wave of it is and also with money I mean
  • 00:24:45
    I don't know I keep a decent amount of
  • 00:24:47
    cash like not for any reason by the way
  • 00:24:50
    it's just because like I have a couple
  • 00:24:52
    places and you know you're some of them
  • 00:24:55
    have hurricanes and some of them have
  • 00:24:57
    like you have to pay off the super in
  • 00:24:59
    the building in New York and all this
  • 00:25:00
    stuff. So you got to keep cash around.
  • 00:25:02
    It's actually very hard to get cash.
  • 00:25:04
    Like best case scenario, you got like a
  • 00:25:06
    thousand at a time, right? I mean, like
  • 00:25:09
    if I go in for like five or 8,000,
  • 00:25:12
    they're like, "We need to know the
  • 00:25:13
    purpose of the money." And I'm just
  • 00:25:16
    like, I don't know, like drugs, you
  • 00:25:18
    know? I mean, it's like, right. So, so
  • 00:25:21
    that's what you got to tell them, by the
  • 00:25:22
    way. You have to tell them drugs because
  • 00:25:24
    nowadays doing drugs is like um
  • 00:25:27
    acceptable. You know what I mean? So it
  • 00:25:29
    used to be bad to so you just tell them
  • 00:25:31
    yeah I gota I got a drug habit you know
  • 00:25:33
    so they can't judge you for that if you
  • 00:25:35
    say be because you know I want to have a
  • 00:25:38
    lot of cash
  • 00:25:40
    I need to come with you I need to come
  • 00:25:42
    with you next time you go to the bank
  • 00:25:43
    and just want to see the person's face
  • 00:25:46
    it's unbelievable by the way the bank
  • 00:25:48
    the bank has turned into like where
  • 00:25:50
    people that used to work like at the
  • 00:25:54
    city now work there right it's like it's
  • 00:25:56
    literally like Like I'm sorry if people
  • 00:25:59
    that are watching that work at a bank,
  • 00:26:01
    but like it's got to be the dumbest
  • 00:26:04
    people out there because I mean you try
  • 00:26:05
    to explain anything to them. Like like
  • 00:26:07
    like for example like uh sending a wire,
  • 00:26:11
    go into your bank, try to send a wire
  • 00:26:14
    and let me know what happens. Yeah. I
  • 00:26:16
    I'm unbelievable. Like if you're buying
  • 00:26:19
    gold getting the number keyed in
  • 00:26:22
    properly are low. Yes. Yeah. It's crazy.
  • 00:26:25
    Yes. I have my own personal experience
  • 00:26:27
    in how that work. By the way, the
  • 00:26:29
    solution for that, let me tell you who
  • 00:26:30
    who's been a bank for me, I'm just gonna
  • 00:26:33
    just give them a plug, is Fidelity
  • 00:26:35
    Private Client. You like they're a great
  • 00:26:38
    bank. Okay. They they don't mess up,
  • 00:26:40
    period. Wow. That's unbelievable. Yeah.
  • 00:26:43
    I've I've had like they've saved me, by
  • 00:26:45
    the way, because everybody else let me
  • 00:26:47
    down. I want to talk about the Fed a
  • 00:26:50
    second here with Fedcoin and who really
  • 00:26:52
    wants it. Is it the Fed? Is it the
  • 00:26:54
    government? Is it much bigger than that?
  • 00:26:57
    Um, but this this I want to talk about
  • 00:27:00
    the tension between the Fed and
  • 00:27:02
    President Trump. Can Fed keep its
  • 00:27:05
    independence here? How do you see this
  • 00:27:07
    playing out? Is it was it ever
  • 00:27:08
    independent? Ah, I mean I mean it's a
  • 00:27:12
    whole thing. The whole thing is silly,
  • 00:27:14
    right? I mean, yeah. The thing people
  • 00:27:17
    got to realize though is the banks no
  • 00:27:18
    longer matter, you know? It's it's all
  • 00:27:19
    about the flow of the money. That's
  • 00:27:21
    that's what really matters. Like the
  • 00:27:23
    banks are totally a early 20th century
  • 00:27:27
    construct. I mean you read all these
  • 00:27:28
    books about like the history of the Fed
  • 00:27:30
    and all this stuff. It started it's
  • 00:27:31
    morphed now. It's totally about the flow
  • 00:27:34
    of money and uh so yeah I mean I mean
  • 00:27:37
    look the the thing is the whole thing is
  • 00:27:39
    goofy. I mean Powell was pretty loyal to
  • 00:27:41
    the previous administration who by the
  • 00:27:42
    way let's not forget tried to basically
  • 00:27:45
    like destroy the current regime. that
  • 00:27:47
    that I mean, imagine having like 95
  • 00:27:49
    felonies and like not being able to go
  • 00:27:52
    on television and not being able to go
  • 00:27:54
    on social media and not being able to do
  • 00:27:56
    anything and then you come to power and
  • 00:27:58
    you're like, "Hey, guess what? You you
  • 00:28:00
    lowered interest rates multiple times
  • 00:28:02
    trying to get the previous regime
  • 00:28:04
    reelected and I'm not happy about it."
  • 00:28:07
    So, like, you know, it's like obviously
  • 00:28:09
    there's tension. So probably the way
  • 00:28:10
    this resolves itself is the Fed lowers
  • 00:28:13
    the rates two or three times and makes
  • 00:28:16
    an upward sloping yield curve. I hope
  • 00:28:18
    that's not too much for people to
  • 00:28:19
    understand, but I think Trump wants
  • 00:28:21
    American growth. That's what he wants.
  • 00:28:23
    He wants people to build things. He
  • 00:28:25
    wants projects. He wants um you know the
  • 00:28:28
    local plumber to expand the business. Um
  • 00:28:31
    please don't get into I'm not for this
  • 00:28:34
    or against this. I could care less. I'm
  • 00:28:36
    not registered to vote. my job is to is
  • 00:28:39
    to steer the ship. You don't want the
  • 00:28:41
    guy steering the ship arguing about, you
  • 00:28:44
    know, something on land. It's forget
  • 00:28:46
    about it. Like this is what's happening.
  • 00:28:48
    And and so we have stocks in the Tucker
  • 00:28:50
    letter that are going to benefit from
  • 00:28:52
    this. And they're they're not going down
  • 00:28:55
    like all the tech stocks. Yeah. That
  • 00:28:58
    benefited from the previous regime. I
  • 00:29:00
    was make sense. I was having this
  • 00:29:01
    conversation with my father and I
  • 00:29:03
    actually thought of you. I was like, I
  • 00:29:04
    wish Eie was he would have loved it. I
  • 00:29:06
    was, you know, he he runs his own
  • 00:29:07
    business and I was asking about, you
  • 00:29:09
    know, the late 80s, early 90s. I
  • 00:29:11
    remember when my dad would come home
  • 00:29:14
    with so much merchandise from companies
  • 00:29:16
    like people, he'd be like, "Oh, this
  • 00:29:17
    this this company gave me like a case of
  • 00:29:20
    sweaters, like swag and whatnot." But
  • 00:29:22
    companies had all this merch that they
  • 00:29:24
    were giving out. And I was like, and he
  • 00:29:26
    and he said something interesting. He
  • 00:29:28
    said, "It just felt like everyone had
  • 00:29:29
    money now, right? People weren't taking
  • 00:29:32
    the trips that we were doing, but people
  • 00:29:34
    owned homes. Everyone owned their own
  • 00:29:36
    home. They weren't living as lavishly as
  • 00:29:39
    we live today. They had some autonomy.
  • 00:29:43
    Bingo. And but they all he said like all
  • 00:29:47
    his friends like they all had money.
  • 00:29:50
    Everyone just felt there was a middle
  • 00:29:52
    class. Right. That's right. So that's
  • 00:29:54
    right. So we got rid of that and that's
  • 00:29:56
    what we got rid of that and we we that
  • 00:29:58
    and Trump speaks to those. Right. So, do
  • 00:30:00
    you think do you think my question to
  • 00:30:02
    you is do you think Trump will be
  • 00:30:04
    because that's what he wants to do. He
  • 00:30:05
    wants to rebuild the middle class. Do
  • 00:30:06
    you think we'll get the middle class
  • 00:30:08
    again or do you think we're just so far
  • 00:30:10
    beyond that right now? I'm not quite
  • 00:30:12
    that optimistic, but but
  • 00:30:14
    but it won't be the same as as before
  • 00:30:18
    because there's been a hollowing out of
  • 00:30:20
    people's ability to think and there's a
  • 00:30:23
    lot of complicated factors involved
  • 00:30:26
    here. I just think that the bigger
  • 00:30:29
    picture is my attitude towards watching
  • 00:30:31
    these people work. I mean, I've met with
  • 00:30:33
    Bent not in like a one-on-one, but like
  • 00:30:36
    listen to him speak to a small group.
  • 00:30:38
    So, I've got a feel for him. This is way
  • 00:30:39
    before he was treasure when he's doing
  • 00:30:41
    Keys squared still. And I just think to
  • 00:30:44
    myself, like I don't have a television
  • 00:30:46
    and I watch any of this news. I have a
  • 00:30:47
    Facebook or Instagram, any of these
  • 00:30:49
    things. And so, I'm just basically
  • 00:30:51
    sensing what's going on with the prices.
  • 00:30:53
    And I think actually, you know, that
  • 00:30:55
    there's just a shift. It's a transition
  • 00:30:57
    and there there will be businesses he
  • 00:30:59
    will reward certain businesses. I mean
  • 00:31:01
    and we're buying those. That's what
  • 00:31:04
    we're buying. I mean there's going to be
  • 00:31:05
    winners and um maybe this is only in the
  • 00:31:08
    long term a a a short reprieve of
  • 00:31:11
    pressure. Like maybe the longer term
  • 00:31:14
    trajectory is not great, but who cares?
  • 00:31:16
    I mean the it's it's it's impossible to
  • 00:31:20
    steer a ship for what's going to happen
  • 00:31:21
    in a month. You you got to steer it for
  • 00:31:23
    what's going to happen this afternoon.
  • 00:31:25
    And that's what that's what you got to
  • 00:31:27
    do if you want to make give up these
  • 00:31:29
    absolute things of like this and that is
  • 00:31:31
    gonna whatever. But like think about
  • 00:31:33
    Canada. I mean you're you're in Canada.
  • 00:31:34
    Yeah. I'm here I'm here for the
  • 00:31:35
    election. I got to be here for I
  • 00:31:37
    remember like back in the day Canada was
  • 00:31:40
    like really less developed like in the
  • 00:31:43
    90s for example. First time going there.
  • 00:31:48
    the boom has been on the back of all
  • 00:31:51
    these things that Trump is is attacking
  • 00:31:55
    because like Vancouver was not a massive
  • 00:31:57
    like you know city like it is Toronto
  • 00:32:00
    was not it's not it wasn't like that it
  • 00:32:02
    was very different there's been the
  • 00:32:04
    Canada has been a huge beneficiary and
  • 00:32:08
    um I just don't think people have any
  • 00:32:10
    awareness there's a lot of name calling
  • 00:32:11
    there's a lot of this you know like like
  • 00:32:14
    confusion and disorientation because
  • 00:32:16
    they've been a big beneficiary of this
  • 00:32:18
    massive paper money boom. And if you're
  • 00:32:21
    going to take a pause on that, I mean,
  • 00:32:22
    it's not going to be pretty. Yep. It's
  • 00:32:25
    like it's going to be I don't know. I
  • 00:32:27
    think I think you want to really back
  • 00:32:28
    up, you know, if you're stuck in that. I
  • 00:32:31
    felt I had to come back to Canada during
  • 00:32:33
    just this election. Just feel it all. I
  • 00:32:35
    have to just be in it, you know. Yeah.
  • 00:32:38
    Um, one more point about the Fed here.
  • 00:32:42
    up because there's so much talk that you
  • 00:32:43
    know
  • 00:32:44
    when news circulating if nothing's
  • 00:32:47
    confirmed that they have a bailout
  • 00:32:49
    already planned to the tune of you know
  • 00:32:51
    two trillion whatnot. Any insights here?
  • 00:32:53
    Do you think that No. Yeah. Yeah. They
  • 00:32:55
    there's always plans like that by the
  • 00:32:56
    way. There's always there's always like
  • 00:32:59
    things like that planned. They don't
  • 00:33:01
    always work out. So I would kind of
  • 00:33:04
    trade what is. I mean things do not look
  • 00:33:06
    good for the overall market. I mean,
  • 00:33:07
    personally, I I'm I'm like lower
  • 00:33:09
    percentage of stocks than than I have
  • 00:33:12
    been in years. And I still like, you
  • 00:33:14
    know, I love stocks. I mean, I'm always
  • 00:33:16
    going to have stocks, but I'm I have low
  • 00:33:18
    a lower percentage stock allocation than
  • 00:33:21
    I've had in a long time. And so, that
  • 00:33:23
    just means that I've cut back the
  • 00:33:25
    positions, you know, a lot. And uh I've
  • 00:33:28
    gone with more cash, more gold, um more
  • 00:33:32
    real estate that I use. I don't mean
  • 00:33:34
    like investment real for investment real
  • 00:33:37
    estate. I bought last year a bunch of
  • 00:33:39
    trailers and I think people didn't
  • 00:33:42
    understand what I was doing but like the
  • 00:33:44
    there's a lot of demand for trailers and
  • 00:33:46
    the reason why is because housing became
  • 00:33:49
    out of reach and so there's a lot of
  • 00:33:51
    like hardworking people that are serious
  • 00:33:54
    about having a better life that are
  • 00:33:57
    renting in the trailer communities and
  • 00:33:59
    so the rents have been like really high.
  • 00:34:01
    Okay, just giving you an example. But my
  • 00:34:03
    point is is that like I've pulled back
  • 00:34:05
    on the stock market and I don't think
  • 00:34:07
    I'll amp it back up for a little while.
  • 00:34:09
    Yeah. Because I I don't think that
  • 00:34:11
    people are are fully digesting the
  • 00:34:14
    stomach punch that they got. Stomach
  • 00:34:16
    punch. Exactly. It's pretty bad. It It
  • 00:34:19
    is. Yeah. I mean like you're going to
  • 00:34:20
    get hit again.
  • 00:34:23
    So like so so you know and and and just
  • 00:34:26
    remember if if that goes sideways for a
  • 00:34:29
    year that also is like being punched.
  • 00:34:33
    Yeah. You will get hit again. Same. Yep.
  • 00:34:35
    Yeah. It's just not a great time to own
  • 00:34:37
    that stuff, you know. It's just not I
  • 00:34:38
    mean some stocks are doing well. I mean
  • 00:34:40
    I mean we we we have a smaller portfolio
  • 00:34:42
    in the the letter and it's doing quite
  • 00:34:44
    well. Yep. So, it's really well spelled
  • 00:34:46
    and um
  • 00:34:49
    yeah, I think it's it's it's you you
  • 00:34:51
    said it in a very matter-of-act grounded
  • 00:34:55
    way. Um that that is what's coming. Eie.
  • 00:34:59
    Yeah, that's right. So, anyway,
  • 00:35:02
    evtucker.com, you know, we'll we'll tell
  • 00:35:04
    you all about it every other Thursday.
  • 00:35:07
    Um, you can get E's book, uh, his latest
  • 00:35:10
    Not for Sale: How to Survive and Thrive
  • 00:35:12
    in a World That Wants to Control You on
  • 00:35:14
    Amazon, correct? Yeah, Amazon, Barnes &
  • 00:35:18
    Noble, local bookstore, Ingram. It's all
  • 00:35:20
    it's it's everywhere. Audible, Spotify,
  • 00:35:23
    you name it. And, uh, look, I mean, the
  • 00:35:25
    fact is is that if you're if you're
  • 00:35:27
    interested in how I got here, I mean, I
  • 00:35:30
    don't have this like rags to riches
  • 00:35:32
    story, you know, it's not really like
  • 00:35:34
    that. Um, I don't I think it's such a
  • 00:35:36
    dumb story, but I'll tell you about what
  • 00:35:40
    happened to me growing up and how I
  • 00:35:43
    ended up here. And I've known you for a
  • 00:35:46
    long time and we've talked about this in
  • 00:35:48
    the context of raising kids. And if you
  • 00:35:50
    want to do something, if you want to do
  • 00:35:51
    a favor for your kids, put some thought
  • 00:35:53
    into how they should learn to think. I
  • 00:35:57
    mean, there were some people in my life
  • 00:35:58
    that were like angels, you know, that
  • 00:36:00
    came along at various times and and
  • 00:36:02
    taught me little tiny things that that
  • 00:36:05
    remarkably changed my my path. And it
  • 00:36:07
    wasn't STEM education. It wasn't, you
  • 00:36:09
    know, I and I can't tell preschool. How
  • 00:36:12
    many times I think about these
  • 00:36:14
    conversations we've had. I mean,
  • 00:36:15
    yesterday I was playing with my kids, my
  • 00:36:17
    boys. They just turned five. Um, you've
  • 00:36:21
    been you've been part of that whole
  • 00:36:23
    cycle. you've seen me pregnant and seen
  • 00:36:24
    me see how I'm growing them and raising
  • 00:36:27
    them and you know so they're out of
  • 00:36:29
    school this week. I I pulled them out of
  • 00:36:30
    school. I gave them an extra week off,
  • 00:36:32
    whatever. And we're playing in the dirt
  • 00:36:34
    and I'm just thinking this is wonderful.
  • 00:36:37
    Like I actually feel this is what they
  • 00:36:39
    should be doing. We were out the whole
  • 00:36:41
    day. You see the wheels turning in their
  • 00:36:44
    head. You see the wheels turn. You see
  • 00:36:45
    them solve a little a little problem.
  • 00:36:47
    Yes. we were problem solving and how
  • 00:36:49
    could we get to these bushes without,
  • 00:36:51
    you know, getting our feet wet and just
  • 00:36:53
    Exactly. I saw the wheels turning and I
  • 00:36:55
    almost had this aha moment where I'm
  • 00:36:56
    like, well, this is what we need to be
  • 00:36:59
    doing more of, right? That's right.
  • 00:37:00
    Yeah. That's right. A mix of everything.
  • 00:37:03
    I mean, it's not like it's the worst
  • 00:37:04
    thing in the world to go to school and
  • 00:37:06
    socialize and all this stuff, but like
  • 00:37:07
    the real learning Yeah. is in those
  • 00:37:09
    interactions with you as a parent. Yeah.
  • 00:37:12
    So, that's what And you start to see you
  • 00:37:13
    start to see a shift go on. You look at
  • 00:37:15
    these other kids, they they they they
  • 00:37:17
    you watch the ones that are heavily
  • 00:37:19
    institutionalized and the parents are
  • 00:37:21
    fully bought in and you just see them
  • 00:37:23
    turning into these like totally
  • 00:37:25
    predictable outcomes. You watch it
  • 00:37:27
    happen. It's funny because raise raise
  • 00:37:29
    radicals. Maybe the next book is called
  • 00:37:32
    Raising Radicals. Well, I and you know,
  • 00:37:34
    and not to to harp on this, but you
  • 00:37:36
    know, I had a mom saw me as I was
  • 00:37:38
    preparing the egg hunt for the kids, and
  • 00:37:40
    she was like, "Oh, aren't you glad
  • 00:37:42
    Easter's over and you don't have to be
  • 00:37:44
    doing this anymore?" And I wanted to say
  • 00:37:46
    to her, and maybe I should have said to
  • 00:37:48
    her, "Actually, not like I I No,
  • 00:37:50
    actually, I I I'm enjoying this moment.
  • 00:37:53
    I want to be in this moment, and I if I
  • 00:37:56
    could freeze this moment forever, I
  • 00:37:58
    would." Um, and yeah, but we can't. we
  • 00:38:01
    flow along down to the next thing and
  • 00:38:04
    the next thing and and then the hard
  • 00:38:06
    part then is then we have to let go of
  • 00:38:08
    them as they become independent thinking
  • 00:38:10
    and that's the real trick you know is
  • 00:38:12
    that you that's what people wouldn't do
  • 00:38:13
    with me they wanted to change me and so
  • 00:38:16
    the how to survive and thrive in a world
  • 00:38:18
    that wants to control you was born I
  • 00:38:19
    know but um but we can learn from
  • 00:38:22
    stories we used to learn from stories we
  • 00:38:24
    used to sit around and listen to people
  • 00:38:26
    tell stories and then it taught us
  • 00:38:28
    things and we can still do that you know
  • 00:38:30
    but not on TikTok
  • 00:38:32
    Absolutely. Absolutely. Amen to that.
  • 00:38:35
    Absolutely. Or how about rarely on Tik
  • 00:38:37
    Tok? I'm sure there is actually I'm not
  • 00:38:39
    even on it some useful person out there
  • 00:38:42
    somewhere on Tik Tok, but soon they'll
  • 00:38:45
    probably get off of Tik Tok out of total
  • 00:38:48
    frustration. But the real stories are
  • 00:38:50
    given to you for free, by the way.
  • 00:38:52
    That's why when you mentor someone, uh I
  • 00:38:54
    I mentor people, but I don't look for
  • 00:38:56
    them. They find me. we work together and
  • 00:39:00
    then they leave. That's how it works.
  • 00:39:02
    Mentors, people are shocked that a lot
  • 00:39:04
    of my mentors I don't speak with
  • 00:39:05
    anymore. They think it's bad, but it's
  • 00:39:07
    not bad because when you once that
  • 00:39:09
    relationship runs its course, you move
  • 00:39:12
    away and you go on and you keep growing
  • 00:39:15
    and evolving like that. Well, you give
  • 00:39:17
    away you give things away and then you
  • 00:39:19
    you freely give them away. Okay. And
  • 00:39:21
    then you go to the next thing and and
  • 00:39:23
    you're doing the same for for other
  • 00:39:25
    people. I'm meeting people all the time
  • 00:39:27
    that are very interesting, especially in
  • 00:39:28
    New York and and we are having a a
  • 00:39:31
    relationship for some time and meeting
  • 00:39:33
    and having coffee and talking about
  • 00:39:35
    interesting ideas and then you slowly
  • 00:39:36
    move away. You don't have to not
  • 00:39:38
    everything gets put in a capsule, you
  • 00:39:40
    know, some things are this moment in
  • 00:39:42
    time with your boys like you want to see
  • 00:39:43
    them eventually move into independent
  • 00:39:47
    thought and you can just kind of like
  • 00:39:49
    love them and let them go like that.
  • 00:39:51
    People have a hard time with that
  • 00:39:53
    concept. It's essential though. They're
  • 00:39:55
    going to be independent little intense
  • 00:39:57
    creatures. I've seen them. They're
  • 00:39:58
    they're like you're not going to want to
  • 00:40:00
    stand in their way. Oh no. And I won't.
  • 00:40:02
    Um I am grateful for you, Eie Tucker,
  • 00:40:05
    and I'm thrilled. Look, your first book
  • 00:40:07
    was a smash success. And I have no doubt
  • 00:40:11
    uh not for sale uh will will have the
  • 00:40:14
    same uh impact on on folks and lives and
  • 00:40:18
    just congrats. Wishing you success, my
  • 00:40:20
    friend. Thanks so much. I look forward
  • 00:40:22
    to seeing you this summer. Me too. And
  • 00:40:24
    thank you for watching. We'll have more
  • 00:40:26
    coming your way. So, as always, sign up
  • 00:40:27
    at
  • 00:40:29
    dingalon.com. We'll see you real soon.
  • 00:40:45
    In my recent interviews with Tim Wood
  • 00:40:47
    and David Stockman, both warned that
  • 00:40:49
    we're nearing a major reset, something
  • 00:40:52
    much bigger than a simple correction.
  • 00:40:54
    And if you've been watching the markets
  • 00:40:56
    this week, especially the volatility,
  • 00:40:58
    the headlines, the chaos you've seen and
  • 00:41:00
    you've felt it. If that leaves you
  • 00:41:02
    feeling uneasy or unsure of what to do
  • 00:41:04
    next, you're not alone. That's one of
  • 00:41:06
    the reasons I encourage you to speak
  • 00:41:08
    with someone at ITM Training. These are
  • 00:41:11
    people that I trust and work with
  • 00:41:13
    closely, and their focus is helping you
  • 00:41:15
    understand how to protect your wealth,
  • 00:41:17
    your future, and your family. So, even
  • 00:41:20
    with gold recently making all-time
  • 00:41:22
    highs, now may still be one of the
  • 00:41:24
    smartest times to add it to your
  • 00:41:26
    portfolio. So call them because they'll
  • 00:41:28
    walk you through how gold and silver can
  • 00:41:30
    act as insurance policies during these
  • 00:41:33
    uncertain times and help you build a
  • 00:41:35
    strategy that fits your goals. You don't
  • 00:41:38
    have to know all the right questions.
  • 00:41:39
    You just have to take that first step.
  • 00:41:40
    So call us or click on the link below or
  • 00:41:43
    just scan the QR code to schedule that
  • 00:41:46
    call today.
Tags
  • IMF
  • Trump tariffs
  • US growth forecast
  • Evie Tucker
  • gold investment
  • Fedcoin
  • economic stability
  • wealth management
  • middle class
  • investment strategy