Palisades Gold Radio

Collin Kettell

Podcast by Palisades Gold Radio

  1. 5D AGO

    Doomberg: Gold’s New Role in A Multi-Polar World, World War 3 & The AI Singularity

    Stijn Schmitz welcomes Doomberg to the show. Doomberg is the head writer For The Doomberg Team and creator of the Doomberg Substack. The interview delves into the complex geopolitical landscape, focusing on the transition from a unipolar to a multipolar world, with particular emphasis on the rising power of China and the potential decline of the United States. Doomberg argues that the world is effectively in the early stages of World War III, which began around 2014, characterized by economic and strategic conflicts between the Western-based financial system and the emerging global south led by China and BRICS countries. A significant part of the discussion centers on technological transformation, particularly artificial intelligence (AI). Doomberg highlights the rapid acceleration of AI capabilities, with the doubling time of technological advancement potentially shrinking to weeks. He suggests that AI and robotics could fundamentally reshape geopolitical dynamics, potentially mitigating demographic challenges for countries like China. The conversation also explores critical mineral dynamics, energy markets, and the potential for de-dollarization. Doomberg believes there is substantial room for gold to appreciate as a neutral reserve asset, potentially reaching prices around $5,000 to $21,000 per ounce to rejuvenate US manufacturing and global trade settlements. Regarding the United States’ future, Doomberg remains cautiously optimistic. He argues that despite current challenges, the US has significant advantages, including being the world’s largest energy producer, advanced AI capabilities, and substantial natural resources. However, he emphasizes the importance of strategic focus and avoiding resource-draining international conflicts. Lastly the conversation touches on Europe’s diminishing global relevance, primarily due to its energy dependence and lack of industrial capacity. Doomberg suggests the European Union is already experiencing structural challenges that could potentially lead to its fragmentation. Ultimately, Doomberg presents a nuanced view of global power dynamics, emphasizing technological innovation, energy resources, and strategic adaptability as key factors in determining future geopolitical landscapes. Timestamps: 00:00:00 – Introduction 00:00:44 – Geopolitical Landscape Overview 00:02:05 – Historical Empire Parallels 00:03:35 – World War III Framework 00:05:15 – Critical Minerals War 00:07:58 – China’s Energy Security 00:11:43 – Trump’s Venezuela Iran Strategy 00:14:08 – Iran Conflict Energy Markets 00:21:20 – AI Singularity Approach 00:26:37 – Gold & US Power Retention 00:30:59 – BRICS Currency & Settlement 00:35:40 – Critical Mineral Concerns 00:37:22 – U.S. Outcomes 00:40:48 – Europe’s Multipolar Irrelevance 00:45:09 – Commodity Trends 00:51:42 – Silver Fundamentals 00:54:28 – Concluding Thoughts Guest Links: Substack: https://doomberg.substack.com X: https://x.com/DoombergT Website: https://doomberg.com Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity, and finance to deliver innovative thinking and clarity to complex problems.

    56 min
  2. 6D AGO

    Henrik Zeberg: Expect a Final Rally Before a Dot-Com-Style Crash & Huge Pullback on Gold

    Stijn Schmitz welcomes Henrik Zeberg to the show. Henrik Zeberg is Head Macro Economist at Swissblock. In this in-depth discussion, Zeberg provides a comprehensive analysis of the current economic landscape, focusing on potential market dynamics and an impending economic recession. Zeberg argues that the current market, particularly in technology and AI, resembles the dot-com bubble, with valuations reaching unsustainable levels. He suggests that while AI will indeed be transformative, the current market exuberance is reminiscent of previous technological bubbles where expectations far outpace immediate economic realities. The market capitalization to GDP ratio currently stands at approximately 230%, compared to 137% during the dot-com bubble, indicating extreme market overvaluation. Regarding the economic outlook, Zeberg predicts a recession starting no later than the second quarter of 2026, potentially in March or April. He points to significant weaknesses in the job market, with job creation at its lowest levels in 50 years and a growing disconnect between the financial world and real economic conditions. The labor market indicators suggest a substantial economic slowdown, with 50% of consumer spending coming from just 10% of the population. Henrik anticipates a complex economic cycle involving an initial deflationary period followed by potential inflationary pressures. He expects the Federal Reserve will attempt to intervene, potentially creating a market rally before an eventual significant market correction. He suggests that investors should be prepared for volatility and consider hard assets like real estate, commodities, and precious metals as potential long-term investments. In terms of investment strategy, Zeberg recommends controlling emotional responses, avoiding getting caught in market euphoria, and being patient. He believes the current environment requires careful navigation, with potential opportunities emerging after a meaningful market pullback. The key is understanding that the era of double-digit growth in speculative assets is likely coming to an end. Timestamps: 00:00:00 – Introduction 00:00:46 – AI vs Dotcom Bubble 00:04:20 – Current Market Valuations 00:09:58 – Market Cap GDP Anomalies 00:12:07 – Consumer Job Market Weakness 00:15:18 – Delinquency Trends 00:16:38 – Historical Recession Parallels 00:18:40 – Government Debt Constraints 00:21:24 – Fed Intervention Inflation 00:26:25 – Deflationary to Inflationary Shift 00:29:37 – Asset Allocation Strategies 00:32:00 – Key Economic Indicators 00:36:05 – Gold Silver Outlook 00:43:14 – Recession Timeline Prediction Guest Links: Substack: https://henrikzeberg.substack.com X: https://x.com/HenrikZeberg Website: https://swissblock.net/ Henrik Zeberg is a Macroeconomist (M.Sc. Econ) from the University of Copenhagen. He is a Business Cycles student, Elliott Wave practitioner, and Chartist. He is the Head Macro Economist at Swissblock where he writes the Zeberg letter a comprehensive monthly macroeconomic report.

    51 min
  3. FEB 9

    William Rhind: Gold Price Manipulation, The AI-Bubble & Passive Investment Distortions

    Stijn Schmitz welcomes William Rhind to the show. William is the Founder and CEO of GraniteShares. Rhind provides insights into the current market landscape, emphasizing the early stages of AI development and the potential for significant transformation across various sectors. Regarding market volatility, Rhind attributes recent fluctuations to multiple factors, including potential Federal Reserve leadership changes, cryptocurrency market movements, and concerns about AI’s impact on software companies. He argues that we are in the early stages of AI development, with significant potential for innovation and disruption across industries. Rhind highlights the ongoing bull market for hard assets, driven by global economic uncertainties, central bank buying, and concerns about currency debasement. He notes that emerging market central banks are actively diversifying their reserves by purchasing gold, viewing it as a strategic hedge against paper currencies. Platinum receives special attention, with Rhind explaining its unique market dynamics. He points out that platinum is about 30 times rarer than gold and currently sits in a market deficit. The metal’s future looks promising, particularly as previous bearish sentiment around internal combustion engines has dissipated and industrial demand remains strong. Rhind suggests that while passive investing has benefits, too much concentration can potentially create market inefficiencies. He advocates for a “core and satellite” approach to investing, balancing long-term retirement strategies with more speculative investments. Timestamps: 00:00:00 – Introduction 00:01:00 – Investor Demand Trends 00:02:00 – Market Volatility Drivers 00:04:28 – AI Bubble Debate 00:06:30 – Dot-com Bubble Comparison 00:10:45 – Commodities in AI Chain 00:12:40 – Energy Sector Opportunities 00:14:12 – Currency Debasement Thesis 00:17:03 – Precious Metals Bull Market 00:19:00 – Central Bank Gold Buying 00:22:02 – De-dollarization and Dollar Outlook 00:28:00 – Silver Market Dynamics 00:32:42 – Platinum Investment Case 00:39:30 – Passive Investing Trends 00:44:40 – U.S. Equity Market Size 00:46:12 – Concluding Thoughts Guest Links: Website: https://graniteshares.com LinkedIn: https://www.linkedin.com/in/william-rhind-5434367 In 2016, Will Rhind challenged himself to find a way to do things differently. As a 18-year veteran of the ETF industry with experience working at, building and running, well-established successful ETF businesses, he made a keen observation: investing just isn’t as exciting as it once was. He asked himself, how do you bring back that excitement? As an experienced entrepreneur, he decided to answer that question by launching his own ETF company – GraniteShares was born. Will’s focus on disrupting the financial industry has taken GraniteShares from an idea to a successful start-up garnering the attention of Bain Capital and other well-known ETF investors who support his passion to create products that will change the way people see investing. Will spends his time outside of GraniteShares with his wife and three children. He’s on the Board of Directors of the Bath University Foundation, has a passion for classic cars, Manchester United, and travel – especially back to his roots in Aberdeen, Scotland, “The Granite City.” Will has over 25 years of experience in the industry.

    49 min
  4. FEB 6

    Shawn Khunkhun: The 40% Silver Smackdown, A Financial Reset & The State of Junior Mining

    Stijn Schmitz welcomes back Shawn Khunkhun to the show. Shawn Khunkhun is CEO, President, & Director, Dolly Varden Silver Corp. The interview centers on the current state of the precious metals market, with a particular focus on silver and gold. Khunkhun explains that silver has been in a structural deficit for years, with annual demand exceeding supply by approximately 200 million ounces. After a significant price surge from $40 to $120, the market recently experienced a correction, which Khunkhun views as a healthy part of the bull market. Khunkhun remains bullish on silver, arguing that production cannot meet demand until the next decade. He highlights growing industrial demand, particularly from the electric vehicle market and solar panel industries. The silver market is complex, with only one in four ounces coming from primary mines, making price incentives challenging for producers. The conversation shifts into geopolitical factors affecting precious metals, including the growing divide between physical and paper markets. Khunkhun emphasizes the different cultural attitudes towards gold and silver in Eastern and Western countries, noting that many regions view these metals as critical wealth preservation tools, especially during economic uncertainty. Recently, Dolly Varden merged with Contango Ore in a strategic move to create a more robust precious metals company. Khunkhun sees this as an opportunity to leverage Contango’s cash flow and expertise to develop Dolly Varden’s silver properties, creating a unique North American precious metals business. Looking ahead, Khunkhun believes the precious metals market is still in its early stages. He anticipates continued volatility but sees significant potential for growth, particularly if global asset allocation to precious metals increases from its current less than 0.5%. He remains optimistic about gold and silver, suggesting potential prices of $150 per ounce for silver and potentially $8,000 to $9,000 per ounce for gold in the future. Timestamps: 00:00:00 – Introduction 00:00:41 – Precious Metals Volatility Surge 00:03:02 – Strong Bull Case Silver 00:04:20 – Incentivizing Silver Production Levels 00:06:34 – Industrial Demand Substitutions 00:09:09 – Paper vs Physical Markets 00:11:33 – Geopolitical Physical Demand 00:16:00 – Silver Premiums East/West 00:21:15 – Gold Future Recession Impact 00:24:12 – Financial Reset Possibilities 00:26:17 – Company Merger Rationale 00:31:22 – Mining M&A Activity State 00:39:22 – Volatility Concerns Guest Links: Website:: https://dollyvardensilver.com X: https://x.com/SilverVarden LinkedIn: https://www.linkedin.com/company/dolly-varden-silver-corp YouTube: https://www.youtube.com/channel/UCK4YE6ftyxv4G-6zu9BYJvgerved=0 Mr. Shawn Khunkhun has over 20 years of expertise in capital markets and mineral exploration, with a strong focus on creating shareholder value. Over his career, he has facilitated over $2 billion in capital raises, playing a transformative role in advancing exploration, development, and production companies. In his leadership roles as CEO, Director, and Executive Chairman, Mr. Khunkhun has been instrumental in elevating the profiles of undervalued companies and driving strategic growth. Mr. Khunkhun’s success in incubating and scaling companies through capital raises, acquisitions, and spinouts is powered by an extensive network of high-net-worth investors, private equity, institutional investors, analysts, brokers, and bankers. Mr. Khunkhun currently serves as a Director of Goldshore Resources and Gladiator Metals and as Director & Executive Chairman of Strike Point Gold. Additionally, he advises West Red Lake Gold Mines, Nations Royalty, and NexGold and is the Founder of Argenta Silver.

    43 min
  5. FEB 5

    Dr. Nomi Prins: Why Gold Will Go To $10,000, Still ‘Early Innings’ for Silver & Critical Minerals

    Stijn Schmitz welcomes Dr. Nomi Prins to the show. Dr. Nomi Prins is Founder of Prinsights Global and Substack. This interview centers on the current state of precious metals markets, particularly gold and silver, highlighting significant market dynamics and future potential. Dr. Prins explains the recent volatility in precious metals, particularly the substantial price drop in silver, as primarily driven by technical trading events rather than fundamental market shifts. Nomi emphasizes that the sell-off was more a result of programmatic trading and margin announcements than actual market valuation changes. A key focus is the growing disconnect between paper and physical silver markets, with Shanghai exchanges showing substantial premiums for physical silver. Dr. Prins attributes this to increased eastern interest in physical metals, driven by geopolitical considerations, store of value concerns, and industrial necessities. She notes that the silver market is experiencing its fifth consecutive year of supply deficits, with the total deficit now equivalent to one year’s demand. Regarding gold, multiple drivers are propelling its momentum, including geopolitical tensions, central bank purchasing, and potential future scarcity. Central banks are increasingly viewing gold as a strategic asset, with some institutions like Morgan Stanley recommending higher gold allocations in investment portfolios. Dr. Prins believes the precious metals market is still in its early stages, comparing it to being in the “first or second innings” of a potential long-term bull market. She highlights the critical minerals landscape, pointing out that 80% of critical minerals are processed outside the West, with China dominating processing capabilities for rare earth elements and other strategic metals. Looking forward, she sees significant investment opportunities in the sector, potentially offering substantial returns for long-term investors who understand the fundamental shifts in global commodity markets. Her analysis suggests that geopolitical tensions, supply chain restructuring, and increasing demand for critical minerals will continue to drive precious metals and related investments. Timestamps: 00:00:00 – Introduction 00:00:47 – Recent Metals Volatility 00:02:51 – Shanghai Silver Premium 00:03:14 – Physical vs Paper Silver 00:06:22 – Silver Supply Deficits 00:08:05 – Incentivizing New Supply 00:09:38 – Industrial Demand Pain Points 00:11:07 – Gold Bull Market Drivers 00:14:15 – Central Bank Gold Buying 00:17:28 – Long-term Investment Strategy 00:19:49 – Global Debt Levels 00:22:07 – Demographics and Economic Growth 00:25:19 – Critical Minerals Supply Chains 00:28:58 – Concluding Thoughts Guest Links: X: https://x.com/nomiprins Website: https://nomiprins.com Substack: https://prinsights.substack.com Dr. Nomi Prins as a Wall Street insider and outspoken advocate for economic reform, Nomi Prins is a leading authority on how the widespread impact of financial systems continues to affect our daily lives. She has spent decades analyzing and investigating economic and financial events at the ground level and meeting with those that shape the world’s geopolitical-economic framework. She continues to break stories by conducting independent research, writing best-selling books, and traversing the globe to share her knowledge and demystify the world of money. Before becoming a renowned journalist and public speaker, Nomi reached the upper echelons of the financial world where she worked as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, was a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. During her time on Wall Street, she grew increasingly aware of and discouraged by the unethical practices that permeated the banking industry. Eventually, she decided enough was enough and became an investigative journalist to shed light on the ways that financial systems are manipulated to serve the interests of an elite few at the expense of everyone else.

    31 min
  6. JAN 30

    Mario Innecco: Why The Gold Rally Is Far From Over, ‘Very Strong’ Possibility for Gold Revaluation

    Stijn Schmitz welcomes Mario Innecco to the show. Mario Innecco is Financial and Macro Economic Analyst, and also host of the ‘Manneco64’ YouTube Channel. The discussion centers on the current bull market in gold and silver, driven by several fundamental factors. Innecco highlights four primary drivers: de-dollarization, global debt challenges, geopolitical uncertainty, and the transition from a paper to a physical precious metals market. The de-dollarization trend is particularly significant, with countries seeking alternatives to the US dollar-dominated system. Central banks are increasingly buying gold, potentially aiming to hold 40% or more of their reserves in physical gold. The massive global debt, now around 300 trillion dollars, is making it increasingly difficult for governments to manage financial obligations, leading to potential financial repression and currency devaluation. Mario emphasizes the importance of the Shanghai Gold Exchange in challenging the traditional Western paper trading markets. The exchange represents a shift towards physical trading, which could fundamentally change how precious metals are valued. He suggests that the transition from a paper to a physical market makes it harder to manipulate gold and silver prices. Looking at potential price targets, Innecco draws parallels with historical bull markets, suggesting gold could reach as high as $8,300 based on previous price movements. He also discusses the possibility of a gold revaluation by the US Treasury, which could provide a financial windfall without adding to the national debt. The conversation extends to silver, which Innecco believes will continue to outperform gold, particularly in the latter stages of the current bull market. He recommends a conservative investment approach, suggesting investors allocate 90% to physical precious metals and 10% to mining stocks. Timestamps: 00:00:00 – Introduction 00:01:12 – Gold’s Fundamental Drivers 00:04:30 – Debt and Financial Repression 00:05:10 – Paper Market Ending 00:09:42 – Silver Market Bifurcation 00:11:01 – Central Bank Buying 00:14:56 – Global Debt Inflation 00:19:51 – Gold Revaluation Potential 00:23:03 – Mystery Gold Flows 00:26:29 – BRICS Currency Remonetization 00:29:00 – Historical Bull Parallels 00:34:26 – Silver Bullish Breakout 00:39:27 – Commodity Rotation Outlook Guest Links: X: https://x.com/maneco1964 YouTube: https://www.youtube.com/c/maneco64 Mario Innecco is a seasoned financial markets and macroeconomics analyst with over 25 years of experience in the industry. He began his career in private banking in Geneva, Switzerland, before spending two decades in the City of London, specializing in exchange-traded derivatives, government bonds, interest rates, and broader economic trends. During this time, he advised major financial institutions and corporate clients on market strategies and risk management. A dedicated proponent of the Austrian School of Economics, Mario founded the maneco64 YouTube channel in November 2015, which serves as a platform for alternative economics and contrarian views. Through his videos, blog articles, and social media, he educates a worldwide audience on the intricacies of the fiat monetary system, financial markets, and the enduring value of precious metals like gold and silver.

    45 min
  7. JAN 26

    Chris Rutherglen: Why Gold Has ‘More Room To Run Higher’ | The Case For $24.000 Gold & $840 Silver

    Stijn Schmitz welcomes Chris Rutherglen to the show. Chris Rutherglen is PhD Scientist/Engineer, Level 3 CFA, and publisher ‘The Gold Investor Research’ Substack. Chris provides a comprehensive analysis of gold and silver market cycles, utilizing a scientific approach to forecasting price movements. He explains that gold typically moves through distinct cycles, with particular focus on the current “rate cut period” and potential future “quantitative easing (QE) period”. Using sophisticated analytical tools, he tracks gold’s price movements relative to the Federal Reserve’s interest rate changes and monetary supply. Rutherglen suggests gold is approaching its fifth intermediate cycle high, with a potential target range of $4,900 to $5,200. However, he believes the market may extend to a sixth intermediate cycle, potentially reaching around $6,700. Looking further ahead, he proposes a more dramatic long-term projection of gold potentially reaching $24,000 in the 2030s, based on historical debt-to-money supply ratios. For silver, Rutherglen applies similar analytical methods, projecting potential prices around $840, though he emphasizes these are speculative estimates based on current monetary trends. He notes that silver’s current price, while seeming high, is relatively consistent with historical inflation-adjusted prices. Chris highlights several key indicators for tracking these cycles, including call and put option volumes, central bank purchases, and the relationship between gold prices and moving averages. He stresses that a true QE period would likely require significant economic stress, prompting substantial monetary intervention. His analysis suggests the current gold bull market still has potential room to grow, with the most significant gains potentially occurring during the future QE period. Rutherglen recommends investors remain attentive to economic indicators and be prepared for potential market shifts. Listeners can find more detailed analysis on his Gold Investor Research Substack, where he provides weekly updates and in-depth reports on precious metals market cycles. Timestamps: 00:00:00 – Introduction 00:00:51 – Gold Cycle Position Overview 00:06:11 – Rate Cut Period Dynamics 00:08:16 – Mid-Cycle Level Explained 00:12:40 – Government Debt Impact 00:18:04 – Sixth Intermediate Cycle 00:22:25 – Market Indicators Analysis 00:25:35 – Gold Price Targets 00:30:18 – Options Volume Insights 00:33:21 – East-West Gold Flows 00:36:05 – Central Bank Purchases 00:37:48 – Bull Run Projections 00:40:06 – Silver Price Analysis 00:48:01 – Concluding Thoughts Guest Links: Substack: https://giresearch.substack.com X: https://x.com/CRutherglen Chris Rutherglen is a private investor whose primary occupation is in science & engineering with a focus on novel semiconductor devices for microwave and mm-wave applications. He began investing in the precious metal space in 2003 and has done well following a value-oriented investment approach. Although he has never been employed in the finance/investment field professionally, he did complete level 3 of the Chartered Financial Analyst (CFA) program in 2011. Chris has a BS in physics from the California Institute of Technology and a Ph.D. in Electrical Computer Engineering from the University of California, Irvin

    51 min
  8. JAN 22

    Josh Young: The Iran War, Massive Bull Run in Oil & How To Find 10x to 20x Opportunities

    Stijn Schmitz welcomes Josh Young to the show. Josh Young is Chief Investment Officer & Founder, Bison Interests. The interview explores the current landscape of the global energy market, focusing on geopolitical risks, supply and demand dynamics, and investment opportunities in the oil and gas sector. Young provides a comprehensive analysis of potential geopolitical tensions, particularly surrounding Iran and the Middle East. He suggests that the current situation presents significant risks to global oil supply, with potential disruptions ranging from 1 to 20 million barrels per day. The geopolitical uncertainty is largely underappreciated by the market, creating potential opportunities for investors who understand these dynamics. On the supply side, Josh highlights critical challenges in oil production. He notes that companies like Continental Resources are reducing drilling activities at current price levels, indicating that sustainable oil production may require prices in the $80-$90 range. The industry is experiencing a significant downcycle in both offshore and onshore exploration and development, with exploration success rates declining and existing reserves being depleted. Demand dynamics appear more robust than many analysts expect. Young argues that government stimulus, particularly in an election year, and emerging market growth could support oil consumption. He suggests that a potential economic slowdown might not necessarily reduce oil demand, as increased return-to-office trends could offset potential consumption reductions. Regarding investment strategies, Young cautions against large integrated oil companies trading at high valuations. Instead, he recommends smaller producers with clean balance sheets, debt reduction potential, and attractive valuation metrics. He emphasizes the importance of companies that can pay down debt, buy back shares, and potentially offer high dividends. Young also discusses his Bison Insights substack, where he shares investment ideas in the energy sector. He believes the current market presents unique opportunities, drawing parallels to previous commodity cycles and highlighting the potential for significant returns in carefully selected energy investments. Timestamps: 00:00:00 – Introduction 00:01:18 – Guest Welcome and Recap 00:03:01 – Silver Prediction Success 00:05:25 – Oil Geopolitical Risks 00:10:45 – Iran Production Impacts 00:16:34 – Risk Pricing Discussion 00:18:56 – China Oil Stockpiling 00:26:53 – Supply Cost Curve 00:30:51 – Underinvestment Trends 00:36:30 – Demand Surge Analysis 00:42:04 – US Consumer Strength 00:51:51 – Investment Pitfalls 00:57:10 – Debt Paydown Strategies 01:01:05 – Concluding Thoughts Guest Links: Substack: https://bisoninsights.info X: https://x.com/BisonInsights Website: https://bisoninterests.com Joshua Young has been professionally investing in publicly traded oil and gas securities for nearly two decades, achieving benchmark outperformance as Bison’s CIO. Josh possesses a deep understanding of the E&P business model and operating environment, with notable experience as Chairman of Canadian E&P company RMP Energy (rebranded as Ironbridge Resources). Under Josh’s leadership, the company achieved a successful turnaround, outperforming peers and ultimately being acquired at a 78% premium. Josh is the author of numerous articles on oil & gas investments and is a frequent guest speaker at various energy industry conferences. Prior to Bison, Josh began his career as a management consultant for Fortune 500 companies and private equity firms. He later worked as an investment analyst for a private equity fund and served as an energy investment analyst at a multi-billion-dollar single-family office, which was nominated as Institutional Investor’s Single Family Office of the Year in 2008. Josh holds a B.S. in Economics with honors from the University of Chicago.

    1h 4m
4.6
out of 5
259 Ratings

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