Palisades Gold Radio

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.

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

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.

Stijn Schmitz welcomes Clive Thompson to the show. Clive Thompson is Retired Wealth Manager and Swiss Banker and, Host of the ‘Clive Thompson’ YouTube Channel. The episode centers on the current state of precious metals markets, with a particular focus on silver and gold. Thompson highlights a critical shift in the silver market, where industrial demand now exceeds mine supply. He explains that this dynamic is creating significant pressure on the market, with industrial consumers becoming increasingly concerned about potential silver shortages. The gap between physical and paper silver prices has widened dramatically, indicating underlying market tensions and potential supply chain disruptions. Regarding investment strategies, Thompson advocates for a measured approach to precious metals. He recommends investors gradually accumulate physical silver and gold as a form of insurance against potential financial system instability. He emphasizes that these assets should be viewed as a protective measure rather than a short-term speculation opportunity. The conversation also explores broader economic trends, including rising government debt, central bank behaviors, and potential future monetary systems. Thompson suggests that the increasing global debt burden could lead to significant financial transformations, potentially including the introduction of central bank digital currencies (CBDCs) that might restrict financial freedoms. On gold and mining stocks, Thompson sees significant potential. He explains that rising gold prices create leveraged profit opportunities for mining companies, with potential for substantial share price appreciation. He advises diversification within mining investments, recommending investors spread risk across different geographical regions and companies. Thompson’s insights are grounded in his extensive financial background, offering a nuanced perspective on precious metals as both an investment and a potential hedge against economic uncertainty. His approach is pragmatic, suggesting investors maintain a balanced portfolio while recognizing the potential volatility and systemic risks in the current financial landscape. Timestamps: 00:00:00 – Introduction 00:01:03 – Silver Bull Run Fundamentals 00:02:15 – Supply Demand Gap Analysis 00:04:41 – Industrial Off-Take Agreements 00:06:07 – Silver Substitution Challenges 00:09:00 – Rising Investment Demand 00:10:39 – Physical Market Bifurcation 00:12:24 – COMEX Delivery Surge 00:18:48 – Future Price Potential 00:21:18 – Retail Investor Strategies 00:24:51 – Gold Portfolio Drivers 00:32:24 – Global Debt Unsustainability 00:34:08 – CBDC Rationing Scenarios 00:42:17 – Mining Stocks Leverage 00:51:39 – Concluding Thoughts Guest Links: Website: https://clivethompson.com/ YouTube: https://www.youtube.com/@clivethompson-jc9my/featured Clive is a retired wealth manager and former managing director at UBP in Geneva, Switzerland.

Stijn Schmitz welcomes Gerald Celente to the show. Gerald Celente is Author, Founder, and Publisher of Trends Research Institute and Journal. The conversation delves into complex geopolitical and economic trends, with Celente offering a critical perspective on global politics, international conflicts, and economic dynamics. Celente provides a scathing critique of U.S. foreign policy, highlighting the disconnect between political rhetoric and actual actions, particularly focusing on leaders like Trump, Obama, and Biden. He argues that U.S. interventions in countries like Iran, Venezuela, and others are fundamentally driven by oil interests and geopolitical control rather than humanitarian concerns. Celente extensively explores the shifting global economic landscape asserting that the 21st century will be the “Chinese century.” He points to China’s significant investments in infrastructure, education, and emerging technologies like AI, contrasting this with what he sees as America’s declining innovation and increasing focus on military spending. Regarding economic trends, Celente predicts a potentially catastrophic economic scenario, which he terms the “greatest depression.” He emphasizes the critical role of precious metals, particularly gold and silver, as safe-haven assets during periods of geopolitical and economic uncertainty. Gerald highlights the massive U.S. national debt, potential digital currency implementations, and the ongoing erosion of the dollar’s global dominance. Celente is particularly critical of mainstream media, describing journalism as “dead” and advocating for comprehensive, multi-perspective reporting. Guest Links: Website: https://trendsjournal.com X: https://x.com/@geraldcelente Substack: https://trendsinthenews.substack.com Gerald Celente is the Founder/Director of the Trends Research Institute and Publisher of the weekly Trends Journal magazine. He is the author of the highly acclaimed and best-selling books “Trend Tracking” and “Trends 2000” (Warner Books). With a 43-year track record of identifying, tracking, and forecasting trends, Celente is world-renowned as today’s #1 Trend Forecaster. Celente has earned the reputation as a trusted name in trends for his many accurate forecasts; among them, the 1987 Stock Market crash, Dot com bust, “Gold Bull Run,” “Panic of ‘08,” the rise of organic foods, and the popularity of gourmet coffee long before Starbucks was a household name. Celente, who developed the Globalnomic methodology to identify, track, forecast, and manage trends, is a political atheist. Unencumbered by political dogma, rigid ideology, or conventional wisdom, Celente, whose motto is “Think for Yourself,” observes and analyzes current events forming future trends for what they are – not for how he wants them to be. A true American Patriot, Celente owns three pre-Revolutionary stone buildings on the most historic corner in America, where the seeds of Democracy were sown, Colonial Kingston, New York’s first Capitol. Self-described as a “Warrior for the Prince of Peace,” Gerald Celente is also the Founder “Occupy Peace & Freedom,” a not-for-profit movement to honor the Constitution and Bill of Rights and restore Freedoms.

Stijn Schmitz welcomes Bob Moriarty to the show. Bob Moriarty is Author, Founder 321 Gold, and a Former Marine Fighter Pilot. The conversation delves into complex geopolitical dynamics, focusing on the current global tensions between the West’s debt-based system and the East’s resource-based system. Moriarty offers a critical perspective on recent global conflicts, suggesting that the United States and Israel are the most aggressive nations, with potentially catastrophic consequences. Discussing Venezuela, Iran, and global tensions, Moriarty argues that these conflicts are not about oil or resources, but about maintaining Western economic dominance. He believes the current geopolitical landscape represents a fundamental shift, with the West’s debt-based system collapsing while Eastern nations like China, Russia, and Iran are becoming increasingly powerful. He emphasizes that these countries are not enemies of the West, but are simply defending their interests. Moriarty is particularly critical of U.S. foreign policy, describing current leadership as potentially the worst in world history. He warns of a potential financial collapse, comparing the current economic situation to 1929, but “ten times worse.” He strongly advocates for a return to a gold or silver-backed monetary system as a solution to the impending economic crisis. On precious metals, Moriarty is bullish, believing silver and gold are critical protection during financial chaos. He sees significant potential in these metals, noting their historical monetary importance and current industrial applications. He predicts a potential return to a gold or silver standard within the next decade. The discussion also touches on global conflicts, including potential tensions with Iran, the Ukraine-Russia war, and U.S. interventionist policies. Moriarty’s perspective is unequivocal: the United States risks significant losses by pursuing aggressive military and economic strategies. He argues that the world is witnessing a fundamental restructuring of global economic and political power, with the Western debt-based system facing inevitable collapse. Timestamps: 00:00:00 – Introduction 00:01:05 – Venezuela Intervention Analysis 00:05:54 – Attack on China Motive 00:08:42 – Trump’s Warpath Netanyahu 00:10:01 – Iran Protests CIA Role 00:13:36 – Strait of Hormuz Risks 00:16:39 – Ukraine-Russia Conflict Insights 00:22:10 – Debt vs Resource Systems 00:25:47 – Precious Metals Protection 00:29:11 – Fed Investigation Power Play 00:32:59 – Financial Collapse Parallels 00:37:11 – Silver Investment Thesis 00:42:55 – Future Gold Standard Outlook 00:45:41 – 321gold.com and Wrap Up Guest Links: Website: http://www.321gold.com Amazon: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU?ref=sr_ntt_srch_lnk_3&qid=1599932580&sr=8-3 Bob Moriarty founded 321gold.com with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind, and nuclear energy. Both sites feature articles, editorial opinions, pricing figures, and updates on both sectors’ current events. Previously, Moriarty was a Marine F-4B and O-1 pilot, with more than 832 missions in Vietnam. He holds fourteen international aviation records.

Stijn Schmitz welcomes back Josef Schachter to the show. Josef Schachter is Founder, Schachter Asset Management Inc. The discussion centers on the current and future outlook for the global energy market, with a particular focus on oil and natural gas production and investment opportunities. Schachter presents a bullish perspective on the energy sector, forecasting a significant upward trajectory for oil prices. He predicts WTI oil prices will range from $52-$66 in Q1 2026, rising to $74-$84 in Q4, potentially reaching $100 per barrel by 2028-2029. This projection is underpinned by several key factors, including normal demand growth of 1.2-1.3 million barrels per day and constrained OPEC production capabilities. A critical aspect of Schachter’s thesis is the global lack of new oil discoveries and declining production rates. He highlights that shell oil production experiences 30-50% decline rates in the first year, necessitating continuous drilling. He notes, that over a billion people worldwide lack stable electricity access, presenting a significant future demand opportunity for energy resources. The conversation explores investment strategies within the energy sector, with Schachter recommending a diversified approach based on individual risk profiles. He suggests considering natural gas, light to medium gravity oil exposure, and service industry stocks. Notably, he emphasizes the importance of companies with strong balance sheets, insider ownership, and prudent management. Schachter is particularly optimistic about Canadian energy companies, many of which are currently trading at two to three times cash flow, with potential to expand to seven or eight times during a potential energy super cycle. He points out attractive dividend yields from various energy companies, ranging from 5% to 11%. The conversation also touches on geopolitical factors, including potential developments in Venezuela and the global shift in energy production and consumption. Timestamps: 00:00:00 – Introduction 00:01:23 – Oil Price Outlook 00:04:39 – Inventory Analysis 00:08:29 – Venezuela Oil Shift 00:10:21 – Rule of Law 00:14:53 – Canadian Stock Impacts 00:17:11 – Investment Opportunities 00:19:00 – Dividend Yields 00:21:30 – Energy Super Cycle 00:22:49 – M&A Activity 00:35:32 – Discovery Shortages 00:40:38 – Global Demand Growth 00:48:16 – Energy Report Details Guest Links: Website: https://schachterenergyreport.ca Josef Schachter is a 40+ year veteran of the Canadian Investment Management Industry, Josef Schachter has experienced several exceptional and turbulent global economic and stock market cycles. With his primary focus in the stock market and the energy sector, Josef is able to weave global political, economic and monetary issues with current energy data into a compelling story of what’s going on, what is to come, and why. Josef is a frequent guest on Michael Campbell’s Podcast ‘Mikes Money Talks’ and other podcast and radio shows and is often quoted in the media. He is a regular Guest Speaker at the annual World Outlook Financial Conference in Vancouver and he delivers presentations to various companies and organizations. For several years, he was a frequent and notably colourful commentator on BNN Bloomberg’s Market Call. Josef provided Oil and Gas research to Maison Placements Canada geared to their institutional clients for 15 years ending April 2017, and was acknowledged as the first analyst in Canada to predict the Oil Price Plunge of 2014. Prior to establishing his firm Schachter Asset Management Inc. in 1996, Josef was the Chief Market Strategist at Richardson Greenshields, a Director of RGCL and a member of its Investment Policy Committee. He holds a Chartered Financial Analyst designation and is a past Chairman of the Canadian Council of Financial Analysts.

Stijn Schmitz welcomes back the legendary Rick Rule to the show. Rick Rule is Investor, Speculator, Founder & CEO of Rule Investment Media. In this wide-ranging interview, Rule provides insights into various commodity markets and economic trends, highlighting key perspectives on precious metals, oil, and global economic dynamics. Reflecting on the remarkable performance of commodities in 2025, Rule notes that gold has actually been steadily growing at 9% compounded annually since 2000. While he doesn’t expect the same parabolic moves to continue, he believes gold will continue to appreciate over the next decade. For silver, Rule discusses significant market disruptions, including changes in trading patterns in Dubai and China, and notes that industrial demand remains structurally inelastic. Regarding the broader economic landscape, Rule offers a stark assessment of the US dollar’s purchasing power, which has lost 97% of its value since 1913. He predicts a potential further 75% loss in purchasing power, suggesting that governments will likely continue to inflate away debt obligations. This perspective underpins his strategy of saving in gold and maintaining liquidity in US dollars. In the commodity sector, Rule sees significant opportunities in copper, oil, and select mining stocks. He emphasizes the long-term supply constraints in copper, driven by decades of underinvestment and lengthy permitting processes. For oil, he recommends companies like Exxon and Canadian producers, noting the sector’s current undervaluation. Timestamps: 00:00:00 – Introduction 00:00:40 – 2025 Commodity Rally Drivers 00:01:25 – Gold Bull Market History 00:02:52 – Silver Shortage Fundamentals 00:05:49 – Silver Market Disruptions 00:08:00 – Silver Demand Inelasticity 00:12:40 – US Dollar Purchasing Power Loss 00:17:13 – Fiscal Challenges and Inflation 00:19:17 – Precious Metals Miners Value 00:23:20 – Private Placements 00:25:25 – Oil and Gas Opportunities 00:32:25 – Hated Commodities Overview 00:36:00 – Coal & Copper 00:44:20 – Concluding Thoughts Guest Links: X: https://x.com/@realrickrule Website: https://ruleinvestmentmedia.com YouTube: https://www.youtube.com/@RuleInvestmentMedia Classroom: https://ruleclassroom.com Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Besides the knowledge and experience gained in a long and focused career, he has a global network of contacts in the natural resources and finance sectors. Mr. Rule is a frequent speaker at industry conferences and is regularly interviewed for radio, television, print, and online media outlets concerning natural resources investment and industry topics. Prominent natural resources-oriented newsletters and advisories frequently quote him. Mr. Rule and his team have expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water.

Stijn Schmitz welcomes Marc Faber to the show. Marc Faber is Contrarian Investor and Publisher of the Gloom, Boom, & Doom Report. Their discussion centers on global economic trends, monetary policy, and the impact of continuous money printing by central banks. Faber, a proponent of the Austrian school of economics, critically examines the current financial landscape, highlighting how central banks and financial institutions are incentivized to continuously print money, which leads to uneven price increases across various assets. Faber argues that money printing fundamentally distorts economic systems, with financial institutions benefiting first from monetary expansion while average workers experience declining real wages. He points out that while nominal GDP might show growth, real purchasing power for most people has actually decreased. The conversation explores the historical context of economic cycles, with Faber referencing economists like Kondratiev and discussing how societies rise and decline. The discussion shifts to geopolitical dynamics, particularly the changing global power balance between the United States and emerging powers like China and Russia. Faber suggests that the US is no longer in the dominant position it held post-World War II, with potential competitive challenges emerging from other global powers. Regarding investment strategies, Faber recommends diversification across assets like real estate, precious metals, stocks, and cash. He sees particular potential in gold, silver, and platinum as alternative currencies, and believes these metals can serve as protection against monetary devaluation. He’s especially bullish on platinum, suggesting it might eventually surpass gold in price. Faber’s investment philosophy emphasizes understanding price dynamics over specific company details, advocating for purchasing assets below their intrinsic value. He remains skeptical of government interventions and central bank policies, viewing them as potentially destructive to long-term economic stability. Timestamps: 00:00:00 – Introduction 00:00:51 – Precious Metals Bull Run 00:01:25 – Gold Market History 00:02:31 – Money Printing Effects 00:05:33 – Financial Industry Incentives 00:07:15 – Austrian Economics Overview 00:09:10 – Keynesian Policies Critique 00:14:40 – Economic and War Cycles 00:20:25 – Geopolitical Tensions Rise 00:22:47 – Global Financial System Risks 00:24:00 – Safe Currencies Gold Silver 00:27:12 – Approaching Economic Crises 00:33:02 – Portfolio Diversification Advice 00:35:49 – Silver Platinum Investment Benefits 00:42:05 – Newsletter and Personal Reflections 00:45:44 – Concluding Thoughts Guest Links: Website: https://www.gloomboomdoom.com/ X: https://x.com/gloomboomdoom Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna cum laude. Between 1970 and 1978, Mr. Faber worked for White Weld & Company Limited in New York, Zurich, and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, Marc was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, publishing a widely read monthly investment newsletter, “THE GLOOM BOOM & DOOM,” a report highlighting unusual investment opportunities. Dr. Faber is also the author of several books, including “TOMORROW’S GOLD – Asia’s Age of Discovery,” first published in 2002 and highlighted future investment opportunities. “TOMORROW’S GOLD” was on Amazon’s bestseller list and translated into Japanese, Korean, Thai, and German. Marc is also a regular contributor to several leading financial publications around the world. In addition, Dr. Faber is a frequent speaker at various investment seminars and is well known for his “contrarian” investment approach.

Stijn Schmitz welcomes Bill Holter to the show. Bill is a Precious Metals Expert and Broker. In this in-depth discussion about the precious metals market, Holter provides a comprehensive overview of the current dynamics driving silver and gold prices, highlighting a significant structural shift in the global metals market. Holter emphasizes a substantial supply and demand deficit in silver, estimated at 300-400 million ounces, driven by increasing industrial applications such as AI technology and electric vehicle batteries. He notes that physical metal exchanges like Shanghai are experiencing significant premiums over paper markets, indicating a fundamental change in metals trading. This phenomenon, known as backwardation, suggests investors are increasingly prioritizing physical metal ownership over paper contracts. Bill predicts a potential transformation in global currency systems, suggesting that the US dollar is declining while BRICS nations are developing a potentially gold-backed settlement currency. Holter believes this shift could dramatically impact global financial markets, with gold and silver emerging as the only truly trustworthy currencies. Institutional buying is currently driving the precious metals market, with family offices, hedge funds, and even sovereign nations like Russia purchasing significant quantities. Holter sees this as a critical moment for metals, potentially leading to a delivery failure in silver markets that could trigger massive price increases. For individual investors, Holter recommends starting with silver, particularly “junk silver” coins minted before 1965, which offer the most practical and recognizable form of silver ownership. He stresses that it’s not too late to enter the market, warning that current financial systems are fundamentally unstable and that precious metals represent a critical hedge against potential economic collapse. Timestamps: 00:00:00 – Introduction 00:01:00 – 2025 Precious Metals Review 00:01:41 – Structural Supply Deficit 00:02:29 – Industrial Demand & Vaults 00:03:21 – Backwardation and Premiums 00:06:04 – Historical Interventions 00:07:17 – Gold vs Silver Differences 00:09:30 – BRICS Remonetization Outlook 00:11:42 – Failure to Deliver Risks 00:13:58 – Institutional Buying Trends 00:14:56 – Retail Flows and Junk Silver 00:20:10 – Silver Going Mainstream 00:21:48 – Investment Advice for Beginners 00:23:17 – Fiat Collapse and Great Taking 00:26:03 – Concluding Thoughts Guest Links: Facebook: https://facebook.com/groups/jsmineset/ Website: https://billholter.com E-Mail: mailto:bholter@proton.me Bill was a stockbroker for 23 years and a branch manager for 12. He retired and moved his family out of the U.S. to Costa Rica in late 2006. He returned to Texas in 2011. He was a contributor to GATA since 2007 and began writing for Miles Franklin from 2012 to 2015. He then joined with Jim Sinclair and the Holter/Sinclair collaboration from 2015-2022. Bill is a precious metals expert and broker, he clears through Miles Franklin.

Stijn Schmitz welcomes Chris Vermeulen to the show. Chris Vermeulen is Founder & Chief Investment Officer, The Technical Traders. In this episode, Vermeulen provides an in-depth analysis of current market conditions, focusing primarily on precious metals, equities, and potential economic cycles. Chris suggests the precious metals market may be approaching a potential peak, characterized by high volatility and significant price fluctuations. He believes the market is currently experiencing its “last parabolic phase” and warns investors to be cautious. While acknowledging the excitement surrounding precious metals, he emphasizes the importance of having a strategic approach to manage potential risks. A key aspect of Vermeulen’s analysis is the relationship between stock market performance and precious metals. He observes that the stock market, particularly the Magnificent Seven tech stocks, has not yet experienced the significant pullback that typically precedes a precious metals rally. He anticipates that when the equity market begins to sell off, it could trigger a substantial correction in precious metals. Vermeulen recommends a strategy of following price action rather than getting caught up in market narratives. He suggests investors should be prepared to rotate between stocks, bonds, currencies, and cash positions. He is currently bullish on gold, equities, and potentially the US dollar index, while being bearish on oil and energy sectors. Looking ahead to 2026, Vermeulen predicts significant market volatility. He warns that the current low VIX (volatility) index suggests a lack of market fear, which could be a potential warning sign. His analysis indicates that the market might experience a relatively swift pullback, potentially lasting eight to twelve months, which could create opportunities for strategic investors to re-enter markets at more attractive valuations. Ultimately, Chris’s message is about maintaining flexibility, following technical indicators, and being prepared to adapt to changing market conditions. He emphasizes that successful investing is not about predicting exact market tops and bottoms, but about having a disciplined strategy to manage risk and capitalize on market movements. Timestamps: 00:00:00 – Introduction 00:01:00 – Precious Metals Volatility 00:03:34 – Parabolic Phase Thesis 00:07:56 – Timing Physical Positions 00:09:55 – Market Cycle Analysis 00:13:04 – Equities Rollover Indicators 00:16:12 – Current Investment Opportunities 00:20:54 – Oil Gas Outlook 00:28:22 – 2026 Volatility Expectations 00:30:42 – Technical Traders Service 00:32:08 – Concluding Thoughts Guest Links: Website: https://thetechnicaltraders.com/ X: https://x.com/TheTechTraders Chris Vermeulen is the Founder & Chief Investment Officer of The Technical Traders and the visionary mind behind Asset Revesting. In his book Asset Revesting – How to Exclusively Hold Assets Rising in Value, Profit During Bear Markets, and Continue Building Wealth in Retirement, he lays out this investment framework. Chris launched his financial career at 16, parlaying his knack for trading and risk management into funding his final year of college, where he earned a business diploma in operations management. By his twenties, he had achieved financial independence as a full-time entrepreneur and trader. After a setback—blowing up a trading account—Chris dedicated himself to treating trading as a business, completing the Trading Strategy Mastery and Trading Is Your Business courses. A technical analysis expert, he devises systematic methods to spot market opportunities and control portfolio risk, rejecting traditional buy-and-hold approaches that cling to depreciating assets. His efficient asset allocation models balance short- and long-term strategies to minimize drawdowns and consistently outperform benchmarks. Those seeking reliable capital preservation and growth turn to his proven techniques.

Stijn Schmitz welcomes Trader Ferg to the show. Trader Ferg is Full-time Trader & Author of the Trader Ferg Substack. Trader Ferg provides a comprehensive analysis of the precious metals market, with a particular focus on platinum group metals (PGMs). He highlights the significant developments in the platinum market, notably China’s launch of new futures contracts and their strategic cornering of above-ground platinum inventories. Ferg estimates that approximately 85% of global platinum inventories are now held in China, creating a potential supply deficit that could drive prices significantly higher. They also explore the complex dynamics of platinum, rhodium, and other PGMs. Ferg challenges the narrative that electric vehicles will dramatically reduce demand for catalytic converters, arguing that hybrid vehicles actually require more catalytic converter material. Ferg also sees substantial potential in rhodium, having invested 5% of his net worth in the metal and believing it could experience another substantial price surge. Expanding to the broader precious metals complex, Ferg discusses the evolving market dynamics for gold, silver, and other commodities. He emphasizes the increasing importance of physical delivery markets, particularly in China, and the potential breakdown of paper trading markets. Ferg has an optimistic outlook on precious metals, driven by fundamental supply-demand imbalances, central bank buying, and increasing physical demand. His investment approach focuses on finding asymmetric opportunities in overlooked or undervalued sectors. He looks for markets with limited supply responses, consolidated industries, and fundamental misunderstandings about long-term demand. Beyond precious metals, he shows interest in energy services, offshore drilling, and tin production. Timestamps: 00:00:00 – Introduction 00:01:11 – Platinum Bull Drivers 00:02:41 – Chinese Futures Premiums 00:03:40 – Physical Market Shift 00:07:47 – Sponsor Break 00:08:36 – Supply Constraints Analysis 00:14:57 – Demand Surge Factors 00:16:38 – Rhodium Investment Case 00:20:37 – PGM Future Outlook 00:22:33 – Basement Trade Debate 00:26:32 – Silver Physical Crunch 00:33:01 – Gold Portfolio Role 00:39:20 – Other Commodity Setups 00:48:18 – Substack and Wrap Up 00:49:03 – Concluding Thoughts Guest Links: Substack: https://traderferg.substack.com/ X: https://x.com/trader_ferg Trader Ferg is a Full-time trader for going on 8+ years now. He has a habit of hanging out in hated corners of the market that are considered uninvestable. He enjoys sharing his research and thoughts about possible trades and markets.

Stijn Schmitz welcomes Brett Rentmeester to the show. Brett is the Founder of WindRock Wealth Management. Their conversation centers on the current economic landscape, highlighting critical challenges facing the global financial system, particularly the United States. Rentmeester argues that the economy has fundamentally changed since the mid-1970s, when the dollar decoupled from gold. Since then, the economic system has relied increasingly on debt and money printing, creating an unsustainable financial structure. He points to several systemic issues, including declining real wages, skyrocketing costs in healthcare and education, and massive government debt that is increasingly difficult to service. Stijn explores potential scenarios for economic transformation, presenting two primary paths: proactive systemic change or a potential catastrophic reset. Brett suggests we are in a “fourth turning” moment—a generational shift where existing institutions are losing public trust and facing potential fundamental restructuring. A key theme is the potential return to “sound money,” potentially through tokenized gold, cryptocurrency, or a new monetary system backed by hard assets. Brett believes there’s a significant likelihood of monetary reimagination within the next five to ten years, driven by increasing public dissatisfaction with current economic structures. For individual investors, he recommends a diversified approach: maintaining investments in traditional assets while also acquiring hard assets like gold, silver, and real estate. The strategy involves having “one foot in the existing system and one foot out,” preparing for potential significant economic disruption. Regarding potential global conflict, Rentmeester hopes for a collaborative reset rather than a destructive war cycle, emphasizing the importance of proactive monetary reform. His overall message is one of cautious preparation, understanding that while the current system faces significant challenges, there are potential pathways to a more stable economic future. Timestamps: 00:00:00 – Introduction 00:01:03 – Times of Great Change 00:02:33 – Debt Saturation Discussion 00:04:33 – Cracks in Society 00:08:11 – Demographic Challenges 00:11:16 – Fiat Money Creation 00:12:31 – Gold Standard History 00:14:00 – Central Banks Gold Buying 00:15:38 – Crony Capitalism Critique 00:16:44 – US Debt Mathematics 00:20:50 – Why Now Inflection 00:24:56 – Future Paths Outlined 00:28:42 – Global Power Shifts 00:42:03 – Portfolio Construction Strategies Guest Links: Website: https://windrockwealth.com/ LinkedIn: https://www.linkedin.com/in/brettrentmeester/ Brett Rentmeester founded WindRock Wealth Management to bring tailored investment solutions to investors seeking an edge in an increasingly uncertain world. Mr. Rentmeester is a veteran and entrepreneur in the investment business. Through his career, including as a co-founder of Altair Advisers and manager at Arthur Andersen, he was a trusted confidant for business owners, entrepreneurs and family offices. His entrepreneurial spirit led him to create and build a number of successful companies in the financial services industry through partnership with the Jaggi Family Office, where he serves as the Chief Investment Officer. Throughout his career, he has focused on the importance of strong relationships, strategic thinking, and an expertise in alternative investments. Mr. Rentmeester’s media appearances include appearances on the PBS Nightly Business Report program, the Chicago Tribune, and the World Presidents’ Organization. He graduated magna cum laude from the University of Arizona with a degree in Finance and earned his MBA from Northwestern’s Kellogg Graduate School of Management. He has been a multiple-year recipient of the Chicago Magazine Five Star Wealth Award, is a Chartered Financial Analyst charterholder (CFA®) and has the Chartered Alternative Investment Analyst designation (CAIA®).

Stijn Schmitz welcomes Ross Beaty to the show. Ross Beaty is a Renowned Geologist, Serial Mine Builder & Conservation Advocate. Beaty provides a comprehensive overview of the current gold market and mining industry landscape. He suggests that while gold is currently at record highs around $4,300, the market still has potential for growth, driven by strong macro and supply-demand fundamentals. Beaty anticipates a wave of new gold mine production in 2025-2027 that might eventually dampen prices, but remains optimistic about the sector’s near-term prospects. Drawing from his extensive experience building successful mining companies like Pan American Silver and Equinox Gold, Beaty emphasizes the importance of understanding specific commodity dynamics and investing in projects with significant scale and potential. He highlights the critical factors for successful mining investments, including geological potential, project location, commodity demand-supply fundamentals, and management quality. Beaty candidly discusses the mining industry’s inherent risks, noting that even well-planned projects can face unexpected challenges from geological complexities, political instability, community tensions, and volatile metal prices. He advocates for diversification and strategic portfolio management, as demonstrated by Equinox Gold’s recent divestment of Brazilian assets to focus on tier-one projects and manage debt. Beyond his mining endeavors, Beaty is deeply committed to environmental conservation through his philanthropic work. Timestamps: 00:00:00 – Introduction 00:00:58 – Gold Bull Market Phase 00:03:04 – Exploration Under-Investment 00:05:09 – Lessons from Past Cycles 00:06:40 – Investment vs Mining Differences 00:09:49 – Ross’s Company Categories 00:11:40 – Spotting Special Projects 00:13:20 – Project Evaluation Criteria 00:16:28 – Commodity Fundamentals Analysis 00:21:30 – Common Mining Pitfalls 00:23:00 – Growth and Debt Risks 00:24:05 – Industry Dilution Problems 00:26:30 – Equinox Brazil Divestments 00:29:10 – Future Plans Philanthropy 00:30:23 – Concluding Thoughts Guest Links: Website: https://www.equinoxgold.com Foundation: https://sitkafoundation.org Ross Beaty is a renowned Canadian geologist, mining entrepreneur, and philanthropist with over 50 years of experience in the international minerals and renewable energy sectors. Born in Vancouver in 1951 to a forestry entrepreneur father and a teacher mother, Beaty earned degrees in geology and law from the University of British Columbia, followed by an MSc in geology from Imperial College London. His career began in the 1970s, blending scientific expertise with business acumen to build a legacy of resource innovation. Beaty founded Pan American Silver Corp in 1994, where he serves as Chair Emeritus, growing it into a global leader in silver production. He is currently Chair of Equinox Gold Corp’s Board of Directors, a position he has held since its inception in 2017. Over four decades, he has founded and divested more than a dozen public companies, including Equinox Resources (sold in the 1990s) and Alterra Power Corp, a clean energy firm, generating an estimated $6 billion in shareholder value. A former President of the Silver Institute in Washington, DC, Beaty is a Fellow of the Geological Association of Canada, Society of Economic Geologists, and Canadian Institute of Mining. Beyond business, Beaty is a passionate environmental advocate. He co-founded and presides over the Sitka Foundation, focusing on biodiversity conservation in British Columbia through strategic grants and impact investing. He chairs the BC Parks Foundation, serves as a director for Panthera and the Pacific Salmon Foundation, and is Patron of the Beaty Biodiversity Centre at UBC. His accolades include induction into the Canadian Mining Hall of Fame (2018), the Order of Canada (2017), and an honorary Doctor of Laws from UBC (2018). An optimist at heart, Beaty champions a shift from consumerism to conservation. Married to physician Trisha Beaty, he enjoys beekeeping, cider production, and sea kayaking in Howe Sound. His journey from mining magnate to green evangelist exemplifies resilient entrepreneurship.

Stijn Schmitz welcomes Lobo Tiggre to the show. Lobo Tiggre is Author and Founder of the Independent Speculator Founder and CEO of Louis James LLC. The conversation explores the current state of precious metals and broader commodity markets, with Tiggre offering a nuanced perspective on the ongoing bull market. While gold has reached impressive heights, hitting over $4,000 and silver surpassing $66, Tiggre believes the market is not yet at its peak. He anticipates a potential consolidation period similar to previous market cycles, which could provide opportunities for investors who missed earlier entry points. Tiggre highlights significant macroeconomic factors driving precious metals, including widespread inflationary pressures, central bank gold buying, and a potential reallocation of investment portfolios towards gold. He notes interesting developments like Tether’s substantial gold purchases, which exceed those of many central banks, and increasing institutional interest in gold as a hedge. Regarding other commodities, Tiggre is particularly bullish on copper, citing constrained supply and growing demand from various sectors including technology and population growth. He remains cautious about oil, lithium, and nickel, waiting for more compelling value propositions. On the potential for a market rotation into precious metals during an economic downturn, Tiggre believes such a scenario is possible but warns that sudden market crashes could temporarily impact even safe-haven assets. He advocates for maintaining liquidity to capitalize on potential market overreactions, emphasizing the importance of being prepared to invest when opportunities arise. Tiggre’s investment philosophy centers on seeking conservative, value-driven opportunities rather than chasing momentum. He suggests investors should be patient, avoid FOMO, and be ready to act when market conditions create genuine value propositions. His overall outlook remains constructive on precious metals, with an expectation of continued long-term growth driven by fundamental economic shifts. Timestamps: 00:00:00 – Introduction 00:01:04 – Precious Metals Bull Outlook 00:03:13 – Inflationary Macro Pressures 00:06:32 – Central Bank Gold Buying 00:08:47 – Retail ETF Flows 00:09:46 – Tokenized Gold Demand 00:15:28 – Silver Physical Crunch 00:19:53 – Mining Stocks Value 00:29:38 – Base Metals Opportunities 00:35:51 – Oil Market Analysis 00:40:15 – Nickel Supply Challenges 00:42:55 – Recession Fears Discussion 00:47:16 – Capital Rotation to Metals 00:51:31 – Concluding Thoughts Guest Links: Website: https://independentspeculator.com X: https://x.com/duediligenceguy Facebook: https://www.facebook.com/louis.james.965580/ LinkedIn: https://www.linkedin.com/in/lobotiggre/ Lobo Tiggre, aka Louis James, is the founder and CEO of Louis James LLC, and the principal analyst and editor of IndependentSpeculator.com. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James.” While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey. Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. However, his long tutelage under world-class geologists, writers, and investors resulted in an exceptional track record. A fully transparent, documented, and verifiable track record is a central feature of the IndependentSpeculator. Mr. Tiggre will put his own money into the speculations he writes about, so his readers will always know he has “skin in the game” with them.

Stijn Schmitz welcomes back John Feneck to the show. John is CEO Feneck Consulting Group. They discuss the current state of precious metals markets, focusing on the remarkable performance of gold and silver in 2023. Gold has risen over 68% year-to-date, while silver has surged 125%, creating significant excitement in the sector. Feneck attributes the rally to weakening US labor market data and potential shifts in Federal Reserve policy. He notes growing interest from financial advisors and investors in precious metals equities, with his own business seeing a 300% increase in inbound inquiries since September 2022. Despite the impressive gains, the precious metals sector remains incredibly small, representing less than 1% of the overall market. The discussion highlights promising investment opportunities in mining and critical mineral sectors. He also emphasizes the importance of quality management, long-term industry experience, and strategic project locations when evaluating potential investments. Beyond traditional gold and silver, Feneck is bullish on critical minerals like tungsten, citing companies such as Guardian Metals as potential future performers. His investment approach prioritizes flexibility, with current positions including a 16-17% allocation to silver and strategic investments in junior mining and exploration companies. Feneck’s investment philosophy centers on thorough research, attending conferences, maintaining consistent communication with company leadership, and employing a disciplined approach to buying and selling based on technical indicators like RSI and fundamental company developments. Timestamps: 00:00:00 – Introduction 00:01:06 – 2024 Precious Metals Rally 00:02:16 – Economic Data Driving Surge 00:03:14 – Sector Rotation to Gold 00:04:45 – Investor Interest in Equities 00:06:34 – Silver Price Breakout Analysis 00:08:55 – Mining ETFs and Value 00:10:51 – Developer Mining Opportunities 00:15:12 – Acquisition Target Discussions 00:18:32 – Portfolio Allocation Strategies 00:21:33 – Critical Minerals Investments 00:25:27 – Royalty Model and Quality 00:29:29 – Conferences and Profit Taking 00:34:36 – Concluding Thoughts Guest Links: X: https://x.com/feneckconsult YouTube: https://youtube.com/feneckcommoditiesreport LinkedIn: https://www.linkedin.com/company/feneckcommoditiesreport E-Mail: mailto:john.feneck@yahoo.com Website/Newsletter: https://www.feneckconsulting.com/ Conference: https://topshelf-partners.com John’s upcoming conferences: May 17-19, 2026 at Grand Hyatt, Washington, DC and May 20-22, 2026 at Four Seasons, Fort Lauderdale, FL on the oceanfront Details to come: https://topshelf-partners.com/ Tickers discussed in this episode: Guardian Metal GMTLF, NexGold NXGCF, Norsemont Mining NRRSF, Silver47 Exploration AAGAF, US Gold USAU, ETFs: GDX, GDXJ, SIL, SILJ John Feneck is CEO of Feneck Consulting Group. He began his career in 1992 as an equity analyst for Merrill Lynch’s global allocation fund. From 1993 to 2019 he held senior executive roles at Merrill Lynch Funds (now BlackRock) and J.P. Morgan Chase Funds, where he ranked #1 in gross and net sales once at Merrill Lynch and three times at J.P. Morgan (among 40 peers).Since 2017 he has contributed articles to Kitco—becoming a regular contributor in 2021—and has appeared as a featured guest. He’s delivered over 250 client seminars and webinars, spoken at 12 global commodities events, and in 2017 joined Sprott’s precious metals portfolio-management team. There he developed a proprietary methodology combining technical analysis with direct insights from company management, advocating a “go anywhere” strategy and a diversified portfolio of 25–50 resource stocks to navigate the sector’s volatility. In September 2019 he founded Feneck Consulting Group, helping small- and mid-cap metals and mining companies raise brand awareness and advising high-net-worth advisors on market opportunities and risks. He holds Series 7, Series 63, CMFC and CIMA Level 1 certifications (though he is not a licensed advisor) and focuses on consulting. Based in Scottsdale, AZ, he’s a single dad to an 11-year-old daughter and spends weekends as a professional musician, athlete and traveler.

Stijn Schmitz welcomes Joel Salatin to the show. Joel Salatin is self described Christian Libertarian Environmentalist Capitalist Lunatic Farmer. The episode explores current trends and challenges in agricultural commodities, with a particular focus on beef, poultry, and farming practices. Salatin discusses the significant challenges facing the beef industry, including a severe drought in the southern United States, an aging farming population, and high entry costs for young farmers. The US beef cattle herd is currently at its lowest point since 1950, despite population doubling. This, combined with dietary trends like paleo and keto diets, has created unprecedented market pressure on beef prices. The conversation delves into the problematic nature of industrial farming practices. Salatin critiques the current agricultural system, highlighting how it has pushed biological systems beyond their natural capacity. He emphasizes the importance of creating habitats that allow animals to express their natural characteristics, contrasting this with large-scale industrial farming approaches. A key trend Salatin sees emerging is the “homestead tsunami” – a growing movement of small-scale farming and backyard food production. In 2020 alone, two million backyard chicken flocks started in the US. He believes this smallholder revolution could gradually challenge the industrial agricultural complex, aided by improved distribution logistics and direct-to-consumer online marketing. Regarding his own farm, Polyphase Farm, Salatin explains their approach of diversification and ecological farming. They focus on perennial systems, extensive composting, and creating a farm with multiple economic enterprises. The farm now supports 22 full-time employees and includes a stewardship program to launch young farmers. Salatin predicts future challenges including water scarcity, increasing veterinary problems in livestock industries, and continued pressure from industrial farming models that exceed their efficiency. However, he remains optimistic about the potential for small-scale, ecologically sound farming practices to create meaningful change in agricultural production. Timestamps: 00:00:00 – Introduction 00:01:10 – Beef Price Surge Drivers 00:07:52 – Understanding Cattle Cycles 00:13:54 – Incentivizing Young Farmers 00:16:24 – Intensive Grazing Advantages 00:24:17 – Soybean Bailouts Critique 00:28:59 – Market Consolidation Fragility 00:34:18 – Genetics Impact on Fertility 00:41:27 – Fertilizer Supply Dynamics 00:54:51 – Wheat Market Fluctuations 00:56:44 – Poultry Price Pressures 01:09:06 – Future Agriculture Trends 01:16:31 – Polyface Farm Overview 01:19:50 – Concluding Thoughts Guest Links: Website: https://www.thelunaticfarmer.com Instagram: https://www.instagram.com/polyfacefarm X: https://x.com/JoelSalatin Joel Salatin, 68, dubs himself a Christian libertarian environmentalist capitalist lunatic farmer. Admirers hail him as the world’s most famous farmer, the high priest of the pasture, and Virginia’s most eclectic thinker since Thomas Jefferson. Detractors label him a bio-terrorist, Typhoid Mary, charlatan, and starvation advocate. Armed with high school and college debate trophies, 16 published books, and a thriving multi-generational family farm, Salatin draws on decades of food, farming, and fantasy to captivate global audiences. Equally at home herding cows or keynoting for Wall Street CEOs, he covers profitable regenerative farming techniques alongside cultural debates like orthodoxy versus heresy.A master wordsmith, he shifts crowds from laughter to tears, frustration to hope, earning frequent standing ovations. He calls his talks “performances,” thriving on Q&A interaction: “I love the interaction,” he says. Salatin co-owns Polyface Farm in Swoope, Virginia—showcased in Michael Pollan’s New York Times bestseller Omnivore’s Dilemma and the award-winning documentary Food, Inc. The operation serves over 5,000 families, 10 restaurants, and five retail outlets with innovative products like salad bar beef, pigaerator pork, pastured poultry, and forestry goods. It ships nationwide, blending local roots with scalable business reach. When not speaking, Salatin farms hands-on, mentoring youth, inspiring visitors, and championing regenerative food systems. He’s editor of The Stockman Grass Farmer, the grass farming movement’s foundational voice, and pens columns like “Confessions of a Steward” for Plain Values magazine, “Homestead Abundance” for Homestead Living, pieces for Homesteaders of America, and monthly contributions to Manward e-magazine. His blog, Musings from the Lunatic Farmer, and co-hosted podcast BEYOND LABELS with Dr. Sina McCullough, extend his influence. A staple on radio and podcasts for preppers, homesteaders, ecological farmers, and foodies, Salatin blends practical, can-do entrepreneurial solutions with passionate sustainability advocacy.

Stijn Schmitz welcomes Michael Oliver to the show. Michael Oliver is Momentum Structural Analysis MSA. In this detailed discussion, Oliver provides a comprehensive analysis of the current precious metals market, highlighting significant technical breakouts and potential future movements. Oliver emphasizes a critical technical shift occurring in the gold market, particularly in its performance relative to the S&P 500. He notes that gold has broken out of a long-standing trading range, signaling the beginning of a potentially multi-year bull market. This breakout suggests that gold is poised to outperform the stock market, with potential gains far beyond current expectations. The conversation takes an especially bullish turn when discussing silver. Oliver predicts an extraordinary surge in silver prices, potentially reaching $200 by the second quarter. He bases this projection on historical precedents of commodities breaking out of long-term trading ranges, such as copper and lead, which experienced rapid price appreciation after decades of stagnation. Oliver also highlights the potential for gold and silver mining stocks, arguing that they are currently undervalued and positioned for significant growth. He suggests that miners could potentially double in relative value to gold while simultaneously benefiting from rising precious metals prices. The broader commodity complex is another area of interest for Oliver. He sees a potential asset class shift favoring commodities over traditional paper markets, recommending investors consider commodity-related stocks in sectors like agriculture, oil, and base metals. 00:00:00 – Introduction00:01:05 – Gold’s Bull Market Outlook00:01:41 – Gold vs S&P Spread Breakout00:04:43 – Spread Charts Predictive Power00:08:37 – Silver’s Leadership in Bull Market00:09:55 – Silver vs Gold Ratio Breakout00:13:40 – Silver Historical Projections00:17:00 – Comparisons to Copper and Lead00:23:45 – Miners vs Gold Spread Analysis00:28:30 – Miners vs S&P Performance Shift00:31:10 – Other Commodities Investment Opportunities00:33:40 – Momentum Structural Analysis Overview00:34:45 – Concluding Thoughts Guest Links: Website: http://www.olivermsa.com/ X: https://twitter.com/Oliver_MSA Amazon Book: https://tinyurl.com/y2roa7p5 Email: mailto:michaeloliver@olivermsa.com Email MSA above, and they will send you this week’s report for free, which covers many of the topics from this interview. J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City’s Battery Park. He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX. n the 1980s, Mike began to develop his proprietary momentum-based method of technical analysis. He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth. In 1987 Mike technically anticipated and caught the Crash. It was then that he decided to develop his structural momentum tools into a full analytic methodology. In 1992, the Financial VP and head of Wachovia Bank’s Trust Department asked Mike to provide soft dollar research to Wachovia. Within a year, Mike shifted from brokerage to full-time technical analysis. He is also the author of The New Libertarianism: Anarcho-Capitalism.

Stijn Schmitz welcomes Florian Grummes to the show. Florian Grummes is Founder & Managing Director of Midas Touch Consulting. In this comprehensive interview, Grummes provides an in-depth analysis of the current precious metals market, focusing on gold, silver, and broader economic trends. Grummes argues that the fundamental driver of the precious metals bull market is the ongoing destruction of fiat currency’s purchasing power through continuous money printing. He believes we are in the “end game” of the current monetary system, with central banks forced to continuously expand the money supply to prevent economic collapse. This process is leading to significant inflation and eroding people’s trust in traditional currencies. Regarding gold, Grummes sees a bullish trajectory, with potential targets ranging from $5,000 to potentially $15,000. He notes that gold has been in a secular bull market since 2001 and is now accelerating. The recent price action, including central bank buying and physical demand from countries like China, supports this optimistic outlook. He anticipates “real fireworks” in January, with a potential move towards $5,000. Silver is even more exciting for Grummes. After breaking the critical $50 resistance level after 45 years, he believes silver could reach $72 in the short term and potentially $100 or higher in the coming years. He describes silver’s current movement as a “violent” breakout with significant upside potential. The discussion also touched on other precious metals like platinum, which Grummes considers undervalued, and emerging trends like tokenized precious metals. He sees tokenization as a potential future for more liquid and transferable metal investments. Regarding mining stocks, Grummes believes there is still significant upside, particularly for larger producers and junior miners. He advises patience and buying during dips, noting that the best is yet to come in the sector. Timestamps: 00:00:00 – Introduction 00:01:04 – Christmas Rally Drivers 00:02:36 – Bull Market Fundamentals 00:04:44 – Fiat Currency Destruction 00:13:44 – Hyperinflation Proximity 00:15:41 – Central Bank Buying 00:19:55 – Gold Short-Term Outlook 00:23:50 – Crack-Up Boom Thesis 00:27:00 – Silver Price Targets 00:32:10 – Platinum Investment Case 00:35:44 – Tokenized Precious Metals 00:41:14 – Mining Stocks Opportunities 00:47:52 – Oil Sector Potential 00:51:34 – Concluding Thoughts Guest Links: Website: https://www.midastouch-consulting.com LinkedIn: https://www.linkedin.com/in/floriangrummes/ X: https://twitter.com/FlorianGrummes Substack: https://substack.com/@midastouchconsulting Seeking Alpha: https://seekingalpha.com/author/florian-grummes Telegram: https://t.me/MidasTouchConsulting Facebook: https://www.facebook.com/Midastouchconsulting Free Newsletter: http://eepurl.com/d5Euf Florian Grummes is an independent financial analyst, advisor, consultant, mentor, trader & investor as well as an international speaker with more than 30 years of experience in financial markets.    Florian is the founder and managing director of his company Midas Touch Consulting, which is specialized in trading & investments as well as consulting, analysis & research with a focus on precious metals, commodities and digital assets. Via Midas Touch Consulting he is publishing daily and weekly gold, silver, bitcoin & cryptocurrency analysis for his numerous international readers. Florian is well known for combining technical, fundamental/macro and sentiment analysis into one often accurate conclusion about the markets.

Stijn Schmitz welcomes Peter Schiff to the show. Peter Schiff is CEO of Euro Pacific Asset Management, and Chairman of Schiff Gold. The discussion centers on the current economic landscape, focusing on precious metals, monetary policy, and global economic shifts. Schiff argues that the Federal Reserve has effectively returned to quantitative easing by purchasing T-bills and expanding its balance sheet. He believes this signals a highly accommodative monetary policy that will continue to fuel inflation and prop up economic bubbles. The conversation highlights the ongoing transfer of wealth from the West to the East, with central banks in Eastern countries accumulating gold at unprecedented rates. Regarding precious metals, Schiff is bullish on both gold and silver. He predicts silver could reach $100 per ounce in the next year and believes the current bull market is still in its early stages. He emphasizes that investors should not wait for pullbacks but start building positions now, as the long-term trajectory for precious metals looks promising. The discussion also explores the broader economic challenges facing the United States, including unsustainable government debt, declining industrial capacity, and the potential loss of global reserve currency status. Schiff is critical of current economic policies, arguing that the country needs significant structural changes to address its fundamental economic weaknesses. On investment strategy, Schiff recommends a diversified approach that includes physical gold and silver, mining stocks, and international value stocks. Schiff’s outlook is cautiously optimistic about precious metals while remaining pessimistic about the U.S. economic trajectory. He believes the current trends will continue, with gold and silver serving as critical safe havens as global economic dynamics continue to shift. Guest Links: Podcast: https://schiffradio.com Website: https://schiffgold.com Website: https://europac.com X: https://x.com/peterschiff YouTube: https://youtube.com/@peterschiff Peter Schiff is an honorary chairman of SchiffGold, founder of Euro Pacific Asset Management, and host of The Peter Schiff Show. Peter is an economic forecaster and investment advisor influenced by the free-market Austrian School of economics. He is one of the few forecasters who accurately and publicly predicted the 2007 housing market collapse and subsequent 2008 financial crisis. His latest best-selling book, The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, warns that the 2008 crisis was just the prelude to a larger sovereign debt crisis in the United States that may lead to a collapse of the US dollar. Peter recommends long-term investment in foreign markets with sound fiscal policies, as well as global commodities including buying gold, silver and other physical precious metals.