Jaime Carrasco: Gold at the Heart of the New President's Agenda?
Jaime Carrasco: Gold at the Heart of the New President's Agenda?
Palisades Gold Radio: 2-3-2025
In this episode on Palisades Gold Radio, Tom Bodrovics welcomes back Jaime Carrasco. Jaime is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management.
They discuss the global economic landscape and the significance of gold in today's context.
Carrasco expresses his belief that Trump's election and proposed policies could lead to a reset of debt and potential devaluation of US dollars held in treasuries around the world
. He emphasizes the importance of understanding history, as previous periods saw significant increases in dividends from gold mining companies during times of monetary instability.
Carrasco encourages investors to consider gold as a hedge against inflation, purchasing power loss, and political instability. He also recommends silver mining companies due to their current undervaluation compared to gold.
Central banks are increasingly buying gold as a safe haven asset, and Trump's actions are aimed at rebuilding America for Americans, possibly necessitating a full reset.
The location of US gold reserves and geopolitical issues like China's policy in Latin America, Europe's response to immigration, and the US-China-Russia alignment are significant sociological factors affecting the global economy.
Despite the current uncertainty, Jaime advocates for a decentralized world where nations can thrive and encourages investors to consider gold, silver, and Bitcoin as financial lifeboats.
Talking Points From This Episode
0:00 - Introduction
0:42 - Current World State
3:30 - S&P Bond Chart
10:12 - Gold Bonds & Treasury
15:45 - Free Cash Flow Chart
19:23 - Hyper Financial World
26:00 - Gold & Silver
31:02 - Silver Volatility
34:02 - Shelton & Blockchain
36:20 - Resource Sec. Valuations
38:13 - 40-Year Shift?
42:22 - A Financial Reset?
44:52 - Bonds in a Reset
46:22 - PMs & Tariff Risks
49:18 - A Double Edged Sword
51:53 - Trump Implementation
53:30 - European Problems
56:00 - Negotiating Peace?
1:02:09 - Surviving Inflation
1:04:10 - Wrap Up