Stijn Schmitz welcomes Don Durrett to the show. Don Durrett is an Author, Investor, and Founder of Goldstockdata.com. This episode explores the current state of precious metals markets, with a particular focus on gold and silver’s potential future trajectory. Durrett’s primary thesis centers on the impending failure of the U.S. bond market, which he believes is the fundamental driver behind gold’s current and future price movements. He argues that the massive U.S. government debt, currently at $38 trillion and growing by $2 trillion annually, has created an unsustainable economic situation. This instability is causing investors to lose confidence in U.S. Treasury bonds, with countries like China already reducing their holdings.

Regarding gold price targets, Durrett is remarkably bullish, projecting prices between $6,000 and $8,000 per ounce. He bases this projection on historical bull market patterns, particularly comparing current trends to gold’s performance in the 1970s and early 2000s. He anticipates that gold will experience significant appreciation, especially when the stock market encounters serious challenges.

Silver presents a more volatile prospect, which Durrett describes metaphorically as “little sister” following “big brother” gold. He expects potential shortages and significant price fluctuations, with targets ranging from $100 to $150 per ounce. His investment strategy involves extreme diversification, currently holding 161 stocks with minimal allocation to each to manage emotional risk. Durrett emphasizes that his approach is speculation, not traditional investing.

Don recommends looking for companies with multiple growth potential – through project development, discoveries, and acquisitions. His website, Goldstockdata.com, provides data and analysis for investors interested in precious metal mining stocks.

Timestamps:

00:00:00 – Introduction

00:01:00 – Recent Gold Correction

00:05:07 – Bull Market Drivers

00:06:00 – US Bond Market Crisis

00:13:02 – Stock Market Recession Warning

00:19:55 – Gold Price Targets

00:23:38 – Silver Volatility and Shortages

00:28:22 – Miner Investment Framework

00:39:42 – Identifying 10-Bagger Miners

00:48:02 – Diversification Strategy

00:52:16 – Concluding Thoughts

Guest Links:

X: https://x.com/DonDurrett

Website: https://www.goldstockdata.com

Substack: https://dondurrett.substack.com

Amazon Books: https://www.amazon.com.mx/How-Invest-Gold-Silver-Complete/dp/1427650241

Blog Posts: https://seekingalpha.com/author/don-durrett#regular_articles

YouTube: https://www.youtube.com/user/Newager23

Don Durrett received an MBA from California State University Bakersfield in 1990. He has worked in IT-related positions for 20+ years. He has been a gold investor since 1991, with a focus on Junior Mining stocks since 2004.

Realizing the value of investing in gold and silver and noticing the lack of available material for first-time investors, Don set out to provide information. First, he wrote a book, How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks.

He followed up the book with a website (www.goldstockdata.com) to provide data, tools, and analysis for gold and silver stock investors. His gold and silver mining stock newsletter is widely regarded as one of the best. He is a frequent guest on financial podcasts and a contributor to SeekingAlpha.com.