US Dollar Dilemma | Luke Gromen

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Luke Gromen joins us for Metals & Markets this week, and he paints a bearish picture for the US dollar and makes the case for gold…

Luke Gromen of  Forest for the Trees interviewed by James Anderson of SD Bullion

Founder of the unique macroeconomic research firm, Forest for the Trees, Mr. Luke Gromen, comes on our podcast this week to discuss the big picture for the world economy.

Luke paints a bearish case for the fiat Federal Reserve notes value long term, making a case for tangible assets such as gold and other precious metals.

Hear Luke’s thoughts about how prior record level debt levels have gotten rectified in our past.

Gold is closing this week firmly while silver stayed flat.

The spot price of gold is likely to close just over the $1,300 oz mark in fully fiat Federal Reserve notes.

The silver spot price is likely to finish around the $14.60 oz mark, in fiat US dollar terms.

The gold-silver ratio has climbed to 89, a more than 26-year high level. The last time the gold-silver ratio hit 90 was in early 1993.

This week we’re pleased to welcome a new guest to this bullion podcast. Mr. Luke Gromen of Forest from the Trees (FFTT) visits with us right after these brief message from our sponsor.

Welcome to this week’s metals and market podcast.

With us this week, a new guest to the show.

Founder of unique macroeconomic research firm Forest for the Trees, Mr. Luke Growmen, thank you for taking the time to come on our podcast.

Luke if you would not mind, may we start with a bit about your background in finance?

Perhaps we could begin with your broadest macro view of where the world’s economy finds itself today, and specifically, the United States and it dominate fiat US dollar reserve currency.

I believe it was in 2016, and I stumbled upon your name through an online presentation that Grant Williams produced called, “Get it, got it, good.”

Where he explicitly cited your work specifically on China and oil.

What has been going on there over the past many years, and where do you see things headed for China and oil trading?

2008 financial crisis, QE, ZIRP NIRP now we have record global nominal debt levels, and promises in the west we cannot afford to pay at these current currency valuations.

Are we headed for another massive round of currency debasement like the 1950s?

With things like MMT gaining steam, and hinting that the Fed may begin targeting longer duration bond yields, or perhaps buying equities outright.

What kind of curveballs are you expecting or monitoring for into the 2020s?

Thoughts on Gold Bullion and the effective price management scheme that has occurred for most of this decade?

When might we see gold bullion shake off it derivative price controls?

How can listeners find and follow your work, Luke?

Luke Gromen’s twitter – https://twitter.com/LukeGromen

Thanks for coming on our show Luke, and thanks too to you for visiting us here at SD Bullion

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About the Author/Interviewer

James Anderson has a BA in finance from Loyola University New Orleans. He has both worked and invested in the physical investment grade bullion markets prior to the 2008 global financial crisis.

James’ twitter is @JamesHenryAnd and he has authored SD Bullion’s complementary 21st Century Gold Rush Book.

 

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