Globally, there is a growing perspective shift…
Tom welcomes Jaime Carrasco of Canaccord Genuity back to the show.
Jamie says people should focus on the positive and globally there is a growing perspective shift. The real debt ceiling broke some fifty years ago under Nixon. Debt is the problem and equity markets are tiny in comparison. Gold remains the ultimate hedge.
The Evergrande default has similarities to the Lehmann Brothers collapse but it’s larger. Since 2008 we’ve been able to postpone the collapse but since then a lot of gold has moved from west to east.
China has had a massive win in Afghanistan and they did it without firing a shot. That region is key for trade and has potential energy implications for Iran.
More companies and individuals are looking for fiat alternatives to preserve their wealth. If you’re going to ‘hedge accordingly’ you should consider gold, silver, and blockchain.