People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well..
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
I genuinely think we are going all chips soon, these are shrewd sectors, seems like a lot of your interest is riding on this, I could really use your viewpoint, get me involved.
Agreed, this is why i now work with one. I’ve been investing by myself in the market for 11 years now, but the last 6 years is with the help of a financial planner. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today.
Jenienne Miniter Fagan is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Stephanie is awesome! She just tears apart government data to the point that it's embarrassing for them. Really appreciate this interview, def. have her back on after the US elections!
Excellent debut! Please have Stephanie back sooner than later as she calls it like we all know we all see it - but with a tempered delivery that should definitely resonate with some portion of the hopelessly programmed…increasing the odds of a reasonably intelligent society increasing as a percentage by the margin.
I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k?
from studies, 90% of the time in an election year, the stock market stays positive for quite a long time. 2024 is no exemption, but it is better to be guided, ideally by a well experienced and licensed advisor
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Marissa Lynn Babula* is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Stephanie Pomboy is one of the best Economists I have ever seen. She is even, non-plussed, factual and certain of her analysis. I am always looking for podcasts where she is a guest.
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I don't know if I am permitted to go into details here, but mine is Jenienne Miniter Fagan and you could also look her up though I'm not so sure she's taking on new people atm.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Stephanie always speaks in understandable terms yet makes it clear what data she is compiling and why it may not tell the whole story. My favorite guest on several platforms along with Michael Pento.....two truth tellers.
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, reproducible approach from anyone who have build wealth. I have saved up $190k to get started.
My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.
At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would still use the portfolio management play-book.
Melissa Elise Robinson is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment. >Wishing you all the best !
Big fan of Ms. Pomboy. Total class act. I have zero debt and have been stacking cash, montthly for four years. I pay my CC balance in full, every month. Not everyone is broke. I have a positive net worth but I cut back my discretionary spending 3 years ago! I lost my 2nd house in 2011. First mortgage and HELOC couldn't pay both had to walk away. Couldn't sell it was impossible to sell once both loans were under water. People are going to learn the hard way, as I did.
I agree 100% with Stephanie, 15% cash, 65% phys gold, 10% phys silver, 10% paper gold (for liquidity).And THAT is my whole protfolio. All extra income goes to paper gold. Oh yeah, no effing debt.
@@laarm888 Well, I actually was pretty much like that with some other stocks and etfs mixed up in there,, but within the last few days, I have reallocated to my current one, and I am quite happy and relaxed about it, and will just keep adding to that, for now. I have about 7-8% physical silver. I am converting t-bills to paper gold (GLD) and might add some paper silver (SLV) at some point. The paper gold and silver is for liquidity, just hiding cash there).
Don’t forget about all of the hi tech layoffs paying $150,000 or more, with 6 months of severance pay. They cannot file for unemployment until the severance payments cease. Those people are applying for jobs that don’t exist. That’s another story. But no high tech companies are currently hiring. They post job openings to harvest resumes.
12% gold, 8% silver, 6% crypto, 60% cash, 2% stocks, 6% annuity and 4% collectibles and miscellaneous. I'm able to save each month from my retirement income because I live very frugally. BTW I do not own a home or real estate and am very minimalistic in my daily life on my possessions. I eat high quality food that I prepare mostly myself. I feel my standard of living is great because I travel full time and can still can save each month. Also no debt. I pay my credit cards fully each month.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
Great guest, Jeremy! And, as always, you are looking dapper, alert, and interested. Haha. Keep up the good work! I enjoy your show. Thank you and your team at Kitco!
Stephanie, you are looking beautiful 😍 The big question we all have and West doesn't want to talk about it, is the BRICS new currency, the "Unit". What effect will the gold backed Unit have on the non-BRIC nations?
"Gold, ever the silent witness to our world’s shifting uncertainties and inflation's relentless advance, endures as a profound anchor in the tumultuous ebb of economic life. In the face of traditional systems faltering, it stands as an eternal testament to stability, a quiet sanctuary for those who seek refuge amidst the storm of investment."
This is my introduction to Ms. Pomboy and I am totally onboard with her economic assessment. I appreciate how she (with grace mind you) completely vicerated the government data that is being pushed. I am looking forward to hearing more from this gracious yet succinct economist.
@@Nelson-v7x We've got that covered, too! Also getting a multifuel generator that can cover the entire house including AC. I can't survive long with Temps above the 90's with the high humidity. Now, I bought an engine cooling fan that can run off solar of need be. Lady had a video where she used it to cool her greenhouse. That won't work during a hurricane. Got diesel heaters, and a fireplace, too.
@@Nelson-v7x Our Save A Lot Grocery store just went out of business! I'm still in shock over it. We walked in there today because they had some stuff on sale I wanted...walked through the door and the freezers were empty, the produce was empty...They actually had price tags on their freezers for sale.
Hold on to Gold and cash only is correct. I saw 5-10 listings in my county in California and all of a sudden I woke up to 120 listings over night. WTF just happened ? Someone knows something.
In 2014 A3 bed apartment was $100,000 across the road. My son was 12. The missus and I were joking saying if we could buy it for our son because it would treble by the time he was 25. $1000,000 was 83 ounces of gold in 2014. we decided to buy his deposit. 15% which was 12.45 ounces of gold. we bought 14 ounces of gold. Interestingly the same apartment is on the market today for 205,000 which is 5k more than 83 ounces of gold. No price appreciation in gold terms but double the price in fiat. By the time he is 25 gold should be 2700. He will have gold worth $40,000 for his deposit. The apartment should be around $250,000. His $210,00 mortgage will be covered if he rents the other 2 bedrooms out.
I took a long time to really come round to this way of thinking. It seems clear (need to back test) that parking cash in T bills has underperformed gold and/ or silver.
"Moral hazard" forgiving student loan debt? How about the GROSS moral hazard of the last 40 yrs where the government has issued one massive tax credit after another to the wealthiest corporations & people who in return were supposed to create "10's of millions" of good paying middle class American jobs. Instead, as we now know, they bought back shares of their stock while shipping our jobs to Mexico, China, et al.
Credit card companies issued zero interest for 12-18 months (with an upfront 3% entrance fee), baited borrowing to new highs, then hit their little fish with 20-25% when the balance was difficult to pay back. Rich people, on the other hand, borrow when they get that special rate of 10 basis points per annum.
Steve in Florida caught your video and enjoyed it thank you, this young lady did a good job of pointing out that basically customers went from a higher cost store to the lower Walmart, hence Walmart increase,and yes people are spent out.
Great content, Stephanie rocks! It's crazy to me that the government issues data based conclusions and then has massive revisions. I worked in high tech finance for 30 years, you only publish actuals when they are solid, and forecasts are never best case. I would have been fired if I operated like the Federal Government!
It was funny they celebrated people down spending at Walmart. Credit card debt at all time high. repossession of vehicles at all time high. Such great news. SMH. Just bizarre.
Loved every second of my watch to the very end. You are a great teacher. I’m 36 and own a small business with $380K in savings. But I'd still love to grow my investments ahead of retirement. Do you mentor others? Really need some guidance to financial freedom.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well..
Well Tim, my question is which stocks sectors should I consider adding to my individual fidelity, I intend to hold on for a decade or more.
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
add Gold and silver as well.
I genuinely think we are going all chips soon, these are shrewd sectors, seems like a lot of your interest is riding on this, I could really use your viewpoint, get me involved.
Should I be holding Gold or selling with the current market ?
If you're not familiar with market investing tactics, you should get advice from a financial counselor.
Agreed, this is why i now work with one. I’ve been investing by myself in the market for 11 years now, but the last 6 years is with the help of a financial planner. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today.
@@Mosley-vu7ff Pls do you mind leaving the info of your FA ?
Jenienne Miniter Fagan is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Scam thread
Stephanie is awesome! She just tears apart government data to the point that it's embarrassing for them. Really appreciate this interview, def. have her back on after the US elections!
Excellent debut! Please have Stephanie back sooner than later as she calls it like we all know we all see it - but with a tempered delivery that should definitely resonate with some portion of the hopelessly programmed…increasing the odds of a reasonably intelligent society increasing as a percentage by the margin.
I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k?
from studies, 90% of the time in an election year, the stock market stays positive for quite a long time. 2024 is no exemption, but it is better to be guided, ideally by a well experienced and licensed advisor
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Marissa Lynn Babula* is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
such an eye-opener! curiously inputted her name on the web and at once spotted her consulting page, she seems highly professional from her resumé
Stephanie Pomboy is one of the best Economists I have ever seen. She is even, non-plussed, factual and certain of her analysis. I am always looking for podcasts where she is a guest.
is that a dude?
Do you work for Stephanie? I have yet to meet an economist that is ever right.
@@mkoscik5908She's one of the hottest economists around That's a fact like gold going up with inflation and money printing! Yeeehaw🤠
@@bestvideos4ever1Although the green tie and white shirt may be throwing you, that is a dude.
@@bestvideos4ever1 No, Alden is however. Stephanie is above your pay grade though.
I agree 100% with Stephanie, 15% cash, 65% phys gold, 10% phys silver, 10% paper gold (for liquidity). I've got $200k set aside to put in the market.
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
Could you kindly elaborate on the advisor's background and qualifications?
I don't know if I am permitted to go into details here, but mine is Jenienne Miniter Fagan and you could also look her up though I'm not so sure she's taking on new people atm.
Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call
She makes good sense. Have her back soon to discuss gold.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Stephanie always speaks in understandable terms yet makes it clear what data she is compiling and why it may not tell the whole story. My favorite guest on several platforms along with Michael Pento.....two truth tellers.
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, reproducible approach from anyone who have build wealth. I have saved up $190k to get started.
My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.
At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would still use the portfolio management play-book.
think you could suggest any professional/advisors i can get in touch with? i'm in dire need of proper portfolio allocation
Melissa Elise Robinson is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
>Wishing you all the best !
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Big fan of Ms. Pomboy. Total class act. I have zero debt and have been stacking cash, montthly for four years. I pay my CC balance in full, every month. Not everyone is broke. I have a positive net worth but I cut back my discretionary spending 3 years ago!
I lost my 2nd house in 2011. First mortgage and HELOC couldn't pay both had to walk away. Couldn't sell it was impossible to sell once both loans were under water. People are going to learn the hard way, as I did.
"Guns, gold, and a getaway plan" - Gerald Celente
Getaway plan is .. now.
A.K.A. Beans, Bullets and Bullion.....!
Get away to where?
And Goats 😁
Wife and kids???
Aside from the financial insight, that blouse rocks Stephanie!
Totally gorgeous blouse.
@@5thdimension954 Goes along really well with her eyes. 😘
@@TexasRiverRat31254 yes, she’s a beautiful woman and the blouse does accentuate her pretty eyes 👀
Jeremy, you’re an excellent addition to the Kitco team. I can tell you are getting better and more comfortable with your new role. Great interview!
Stephanie always brings value to the table. And she’s modest with all the gifts God gave her. Always refreshing, even when the outlook seems dismal.
I'm half in bullets half in gas
You’re an absolute nut
The New World needs Rick Grimes.
Are you talking stocks
Sounds like a lynard Skynyrd song..give me back my bullets
@@Nelson-v7x Rick!!! Karll!!
I agree 100% with Stephanie, 15% cash, 65% phys gold, 10% phys silver, 10% paper gold (for liquidity).And THAT is my whole protfolio. All extra income goes to paper gold. Oh yeah, no effing debt.
Interested to know how long your allocations have been like that for?
@@laarm888 Well, I actually was pretty much like that with some other stocks and etfs mixed up in there,, but within the last few days, I have reallocated to my current one, and I am quite happy and relaxed about it, and will just keep adding to that, for now. I have about 7-8% physical silver. I am converting t-bills to paper gold (GLD) and might add some paper silver (SLV) at some point. The paper gold and silver is for liquidity, just hiding cash there).
Stephanie, eloquent, competent and honest - is one of the very few economists I would listen to these days!
I think Steph has been all in cash and gold for the last twenty years.
gold has outperformed stocks for the past 25 years by 100%. If you made $200,000 in stocks, would have been $400,000 in gold. Not a bad return.
smart
She has lost a lot of money if she is not in the market.
@@obijuan3004 What is this 'market' you speak of? There are hundreds, if not thousands of tickers to trade.
@@obijuan3004BS
Cash to buy the dip after the crash and gold to surge as a safe haven. Up 30% from most recent low of $1800
Don’t forget about all of the hi tech layoffs paying $150,000 or more, with 6 months of severance pay. They cannot file for unemployment until the severance payments cease. Those people are applying for jobs that don’t exist. That’s another story. But no high tech companies are currently hiring. They post job openings to harvest resumes.
I'm also all cash and gold
High Five!
Same. A tiny bit of crypto
@@larrydal4555Same here.
12% gold, 8% silver, 6% crypto, 60% cash, 2% stocks, 6% annuity and 4% collectibles and miscellaneous. I'm able to save each month from my retirement income because I live very frugally. BTW I do not own a home or real estate and am very minimalistic in my daily life on my possessions. I eat high quality food that I prepare mostly myself. I feel my standard of living is great because I travel full time and can still can save each month. Also no debt. I pay my credit cards fully each month.
Same also rental property
Stephanie gets hotter every year! ❤
almost looks like AI clone
I agree .
Totally HOT !
Stephanie talks truth to power...beautiful.🎉🎉🎉🎉❤
I have 1/2 of my assets in Gold & Silver, and the other 1/2 in 4 week T Bills and cash....
@@generalstack6540 Your comment has been weighing on my soul, but what do I replace it with? CDs?
I live in California which has a high state tax.
Me too!!!
@@generalstack6540war heads on for heads …
About the same here. Tiny bit of crypto
Me too!! No joke.
When has there ever been a "soft landing?" Ever?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
Great guest. I enjoyed this conversation a lot. She makes good points.
Stephanie is great. There is none better on the economy.
Great guest, Jeremy! And, as always, you are looking dapper, alert, and interested. Haha. Keep up the good work! I enjoy your show. Thank you and your team at Kitco!
Good stuff here. My first time hearing from Stephanie. 👍🏼👍🏼
Great insight. Stephanie is spot on the fed policy trajectory. It will be interesting to get her view on post-elections economy.
She is correct! Smart lady.
TY for saying what was needed in just 20 minutes! As typical, liars figure, figures lie. Steph calls it like it is.
Stephanie, you are looking beautiful 😍
The big question we all have and West doesn't want to talk about it, is the BRICS new currency, the "Unit".
What effect will the gold backed Unit have on the non-BRIC nations?
This was very valuable 😊
Thanks, Steph. Youre one of my favourite analysts.
"Gold, ever the silent witness to our world’s shifting uncertainties and inflation's relentless advance, endures as a profound anchor in the tumultuous ebb of economic life. In the face of traditional systems faltering, it stands as an eternal testament to stability, a quiet sanctuary for those who seek refuge amidst the storm of investment."
She has always been solid in her analysis.
Excellent interview. Note to Jeremy: it's exacerbate, not exasperate. Stephanie got it right.
We aren't being given the whole picture. Just the good bits and pieces..
I like this woman. She is sharp with very good arguments for her positions.
This is my introduction to Ms. Pomboy and I am totally onboard with her economic assessment. I appreciate how she (with grace mind you) completely vicerated the government data that is being pushed. I am looking forward to hearing more from this gracious yet succinct economist.
The numbers are lies.
She is 1/2 in beans and 1/2 in rice. She is worried about the apocalypse
Anybody not in a coma right now is preparing for that.
@@SandcastleDreams I'm 1/4 each in beans, rice, salt, and power generation to pump water out of the ground. 😂😂😂
And Pombears
@@Nelson-v7x We've got that covered, too! Also getting a multifuel generator that can cover the entire house including AC. I can't survive long with Temps above the 90's with the high humidity.
Now, I bought an engine cooling fan that can run off solar of need be. Lady had a video where she used it to cool her greenhouse. That won't work during a hurricane.
Got diesel heaters, and a fireplace, too.
@@Nelson-v7x Our Save A Lot Grocery store just went out of business!
I'm still in shock over it. We walked in there today because they had some stuff on sale I wanted...walked through the door and the freezers were empty, the produce was empty...They actually had price tags on their freezers for sale.
Hold on to Gold and cash only is correct. I saw 5-10 listings in my county in California and all of a sudden I woke up to 120 listings over night. WTF just happened ? Someone knows something.
credit cards get wiped out in bankruptcy. makes me think i should have put my college degree on credit cards.
Pay back your own fn loan.
Bankruptcy someone else pays for it !!!
Wtf
@@gregm6801 Already paid back and then some but still not paid off...predatory lending at it's finest.
Great interview. Great analysis by SB.
Good guest. Thanks for the show :)
In 2014 A3 bed apartment was $100,000 across the road. My son was 12. The missus and I were joking saying if we could buy it for our son because it would treble by the time he was 25. $1000,000 was 83 ounces of gold in 2014. we decided to buy his deposit. 15% which was 12.45 ounces of gold. we bought 14 ounces of gold. Interestingly the same apartment is on the market today for 205,000 which is 5k more than 83 ounces of gold. No price appreciation in gold terms but double the price in fiat. By the time he is 25 gold should be 2700. He will have gold worth $40,000 for his deposit. The apartment should be around $250,000. His $210,00 mortgage will be covered if he rents the other 2 bedrooms out.
Stephanie Pomboy has a very sharp analytical economic perspective. She pulls no punches. Just hard hitting facts that can't be denied.
I have a feeling the data is skewed. Too many revisions. Inflation is a joke. People are getting laid off and if not scraping by.
Inflation is now under 3%
@@DBro54you’re naïve if you believe that!
I took a long time to really come round to this way of thinking. It seems clear (need to back test) that parking cash in T bills has underperformed gold and/ or silver.
Very good interview. What a great guest.
"Moral hazard" forgiving student loan debt? How about the GROSS moral hazard of the last 40 yrs where the government has issued one massive tax credit after another to the wealthiest corporations & people who in return were supposed to create "10's of millions" of good paying middle class American jobs. Instead, as we now know, they bought back shares of their stock while shipping our jobs to Mexico, China, et al.
Empty office buildings with defaults and sold at 10 cents on the dollar
Credit card companies issued zero interest for 12-18 months (with an upfront 3% entrance fee), baited borrowing to new highs, then hit their little fish with 20-25% when the balance was difficult to pay back. Rich people, on the other hand, borrow when they get that special rate of 10 basis points per annum.
Am investing in the big three. Hookers, fine Whiskey, and valium.
Why not Bitcoins ? Stefanie is a great analyst.
She’s so awesome!
Steve in Florida caught your video and enjoyed it thank you, this young lady did a good job of pointing out that basically customers went from a higher cost store to the lower Walmart, hence Walmart increase,and yes people are spent out.
Love her. Thanks for having her on. I hope it becomes regular.
Cash and gold 👍
Stephanie is not in on Bitcoin?
Stephanie is fabulous!! Love her!!! Thank you for having her on! 🙏👍
Great content, Stephanie rocks! It's crazy to me that the government issues data based conclusions and then has massive revisions. I worked in high tech finance for 30 years, you only publish actuals when they are solid, and forecasts are never best case. I would have been fired if I operated like the Federal Government!
Does anyone adds number of people being laid off from mega stores which are closing up in hundreds
She drops hard hitting analytical bombs in a calm nurturing tone. Love💚💚💚 her. Thanks 🙏🏼
You cannot have moral hazard in an immoral society.
Stephanie is great
We have two economies
One for top 10 percent
Other for lower 90 percent
So lower 90 percent are having recession
Unfortunately it is all one big globalized mess of an economy, we would actually be wise to form an economy that is seperate from "theirs".
Ironically if the 90% saved more the top 10% would have a crash
@@garrettpatten6312 ya that’s the danger
Welcome to the show. I like it
Great guest
It was funny they celebrated people down spending at Walmart. Credit card debt at all time high. repossession of vehicles at all time high. Such great news. SMH. Just bizarre.
Just made a home sale sitting on $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?
Wait …..
Ms. P is a legend! Thanks Szafron. 🥇🚀
Intelligent and eye catching top shelf 👍🙏
Loved every second of my watch to the very end. You are a great teacher. I’m 36 and own a small business with $380K in savings. But I'd still love to grow my investments ahead of retirement. Do you mentor others? Really need some guidance to financial freedom.
consider growth stocks! in the world of investing, they are the ferraris.. however you may need expert guidance to avoid any fiasco
Stephanie is the real deal
How so? Cash and gold is a losers bet
Fabulous guest. Hard to agree with her more.
Great info thankyou from Australia.
Excellent takes. Xray vision.
This woman has sooo much good common sense
Love Stephanie Pomgirl! 😉
Inflation still high..don't trust fed
What would happen to the market if there’s no rate cut in September 😅?
Too hot for you-tube ❤
❤😂❤FANS ONLY! YES!❤😂❤LADY BOY❤😂❤
I don't think that's a woman lil bro
3 part time job without benefits. Maybe higher retail sales are more price oriented with an actual decrease in volume?
Good to see you over on Kitco Stephanie! "Recession is here!" For sure. Cut down on doo dads out there in Vail!
I’m adding cash and waiting for mid September or 1 of October for BRICS to announce their gold backing system then I’m stacking more Precious Metals
Jeremy has been hitting it out of the park since David left.
Been all cash gold and silver before covid. Im way ahead. 😮
I have been all in cash and gold for the last two years or more.
Will gold come down r will go up on thursday???
Gold I understand…but what are you calling “cash”? Fiat dollars?
I think there are a lot of people who consider short term t bills cash as well.
prob short dur treasuries ?
Treasuries
Treasuries because they are so liquid, and ordinary citizens have cheap access to buying and selling them
I'm putting my cash in the mattress 😂
LOL! I've got over 50 lbs of change under the bed! 😂 A lot of cash in small bills. Beans, rice, salt, fat and grains and bb's.
By the same token, why should we bail out Wall St when they made risky investments out of greed.
That's me right now: cash and gold. Literally. Not even treasuries or crypto.
Excellent!!!