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Palisades Gold Radio
May 6, 2023
Tom welcomes Economist and Wealth Advisor Jonathan Davis back to the show.
Jonathan believes we could be repeating the 2008 banking crisis. Central bankers make incorrect statements about the future and have their own agendas often connected to politics. The Fed is surrounded by incapable academics and often behind the curve.
Real estate mortgages will have to be reset at higher rates, and unemployment is likely to rise. Interest rates and inflation don’t always work together, and there’s little value in bonds for long-term investors. Commodities are in a state of collapse, and manufacturing is in contraction globally. China has a large debt and had to implement harsh lockdowns. Western countries are still closing nuclear plants while Japan and China are opening new reactors.
The next major risk-off event could be soon and gold will rebound when it happens. He advises investing in funds for specific asset classes rather than individual stocks.
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