Is NOW the Best Time to Buy Gold?

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2:31I want to talk about gold and oil. Okay. Because this is something that is very, very relevant to the times that we're in right now. So first, let's start with gold, right? Is this the time to buy gold? Because as you said, gold is in a bear market. We see it drop 20 % since it's all-time high. even though it went up pretty crazy. So it had to come down eventually. But, you know, ideas that money might be flowing back into higher interest rate vehicles and gold might be a little less attractive. So is this the time to buy gold? Last year or towards the tail end of last year, everyone was gold crazy.

3:21And I don't understand because of this war why people may not love gold. And if we're talking about commodities, It's the commodity that probably outside of water matters the most. So I think with this drop, it does present a great time to be able to buy. Normally in Stock Club, I give three prices. But for the audience tonight, I think I was supposed to give a price last week and I didn't. So let me make a fourth this week. For GLD, write this down. The load to boat price is$331.61. I'll repeat it again. load to boat is 331.61 and then a second entry is 391.36 so the swing trade price is 391.36 if if gold is incredibly valuable right and if it had this tremendous tear and you can also make the argument if inflation is going to continue to pace the way that it has why would you get off the train now because of the war and when gold will be more valuable as a result from a commodity perspective and it's been valuable for thousands of years so i think this is a little bit of an overcorrection is there some money swinging into different asset classes for sure but i always say sector rotation is not for us it's for hedge funds and fund of funds that are selling clients for that quarter or for that year that's why you'll go like it's interesting they'll say they're putting money in that fund, but didn't tell the public that you can short the private credit market.

4:56Be careful of sector rotations, buy quality commodities and quality stocks that are going to be good for a long period of time. And gold is definitely one of them. And I will say this too, there's nobody that's doing that as far as giving you actual prices that you can actually look at and see if it hits that price that you could potentially buy it. You know, that was just a preview of what they do with Red Panda. But that was, you know, gold will go up over the course of the next 10, 20, 30 years. That we know 100%. Based off of if 6 ,000 years of any historical data has anything to do with it, we know that gold goes up over the course of time.

5:33So once again, buying gold at the right price, holding it for long periods of time, that's a pathway to get rich. It's a fact. The question I would ask myself, has the narrative changed? is gold a hedge against inflation, right? Some of the fear last week when the Fed meeting happened with Powell was like, okay, we're not talking about potentially lowering rates. Maybe there's a story that interest rates get increased, right? And then that will set off inflation. So, I mean, gold has always acted as that. I don't see the story changing. Has it gone into a bear market? Yeah, but this is what we look for.

6:10And this is when we're talking about, okay, here's a time where we can now invest. This is the opportunity. Yeah. Start trading crypto on Kraken with just$10. Buy Bitcoin, Ethereum, and over 450 other crypto assets in seconds. Kraken has been around for over 14 years and is trusted by millions worldwide. Whether you're brand new or looking for a better experience, Kraken makes it easy to get started. Download Kraken on the App Store or Google Play. That's K-R-A-K-E-N. Not investment advice. Crypto trading involves risk of loss and is offered to U.S. customers excluding New York and Maine through Payward Interactive Incorporated.

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