Tom Bodrovics, welcomes back Lobo Tiggre, author and publisher of TheIndependentSpeculator.com. They explore China's recent halt in gold buying by the People's Bank, which is deemed insignificant as ordinary Chinese people are increasingly…
Tom Bodrovics, welcomes back Lobo Tiggre, author and publisher of TheIndependentSpeculator.com. They explore China's recent halt in gold buying by the People's Bank, which is deemed insignificant as ordinary Chinese people are increasingly seeking gold as a secure investment due to real estate crisis and the desire for alternative savings. The conversation revolves around potential economic indicators such as Jeff Gunlach's recession predictor and Rick Rule's perspective on an inevitable but not immediate recession. Lobo expresses worries about market fragility, investor panic, especially during elections, and possible implications of copper prices.
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Despite considering copper an economic indicator with a trailing effect, Lobo remains bullish on it for the long term, though it might change his investment approach if there's a recession. Lobo observes that silver has behaved more like gold recently, prompting him to reconsider investment strategies and add silver back into consideration. Regarding Mexico, political instability and anti-mining sentiments are increasingly a concern, leading Lobo to reduce his Mexican stock exposure. The discussion also touches upon Argentina's President Milei, with potential risks of instability or violent events impacting investments, but optimism remains due to Milei's popularity and reform progress.
Lobo argues that political risk cannot be overlooked in Latin America and advocates for the potential profitability of gold stocks due to their ability to provide significant leverage to the underlying commodity. Additionally, he remains bullish on uranium as a potentially lucrative investment opportunity that has a long-term thesis.
Time Stamp References:
0:00 - Introduction
0:42 - A New Gold Buyer?
8:38 - Macr..
