‘The Worst Is Behind Us’ But 5k Gold by 2028 Still Ahead - Michael Lee
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- čas přidán 6. 06. 2024
- Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Michael Lee, Founder of Michael Lee Strategy, who weighs in on whether the consensus for a soft landing is wrong based on the latest U.S. macroeconomic data. Lee shares his outlook on the Federal Reserve and whether we can expect a rate cut before the U.S. election. Lee also gives his price target for gold, including a timeline when the precious metal can hit $5,000 an ounce. He also discusses equities, including tech and AI stocks.
#Fed #inflation #gold #dollar #investing
Follow Michelle Makori on X: @MichelleMakori ( / michellemakori )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
00:00 Economic Overview
01:46 Michael Lee’s forecast
06:14 The Labor Market and Federal Reserve Policies
08:05 The Political Influence on Economic Policies
13:20 Biden Administration's Economic Performance
15:29 Health of the U.S. Consumers
25:56 Gold's Future and De-Dollarization Trends
28:30 Equity Market Outlook and AI's Economic Impact
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"The worst is behind us." Famous last words that come before every presidential election.
‘The Worst Is Behind Us’...THIS GUY IS FROM MSNBC....
SERIOUSLY HOW STUPID IS THIS FOOL ? OR How Stupid do they think We the People are ? Not as Stupid as that statement is " The Worse is behind us " LMFAO...
Haaaaaa was going to write CNBC
The only reason there hasn't been a (technical) recession is that the govt prints money and hires more govt workers. The economy is 100 per cent a house of cards.
The worst IS NOT behind us. Matthew 24:21-22.
Worst def not behind us
This is JUST GETTING STARTED.
Worst is behind us….
🤣
Either a liar or a moron. Advise from either should be avoided.
When they start cutting , Gold is going to start jetting 🚀
Pushing AI is so foolish. People need stuff not AI. Manufacturing is almost disappearing.
5k by 2028?? Uhm im gonna say it’ll be a lot sooner than 2028.
@michelle you showed lot of professional patience
She did ey!
Sounding like a politician.
no answers.
Bingo!
Hi Machelle I’ve written down over 300 calamities since Feb. 2021 and missed some will they affect the economy?
They can cook the books longer than you can stay solvent. 😮
who needs food & energy ........
AI apparently lol. 🙄
Gold absolutely positively cannot be at $5k AND the worst be behind us. Total nonsense
Worst is pass us I am sorry is Biden leaving office today ???
If gold only hits 5000 K by 2028, I will be severally disappointed - It should be 5000 K Now !
Look at the $400 jump just these past $600 you could see it clearly bubbling for the past 3 years but they’ve obviously been controlling the price of gold which is why it stayed at 18-20 an ounce during all these years, but they are clearly no longer able to keep pushing the price down and we are about to see the true price really soon within the next 2 years at least $2800 if not $3000+
Just depends how fast the economy falters imo but it will happen eventually and that will be the real test of if we lose our global position
There will be a pullback first.
Mike Lee, as Jarred Bernstein, also didn’t seem to know the answer to the question… “if the government prints money, then why do they also need to sell bonds?” The correct answer is that it’s the Federal Reserve that prints the money and it’s the US Treasury that sells the bonds to the Fed for that printed cash that they then spend on social programs and military arms as well as other services provided. Not to mention all the money we spread around the the world to gain geopolitical influence.
Because gradually people are not buying bonds but selling 😂, and the debt repayments are so big that they have to print debt to cover debt❤😂
This was like an irl Idiocracy scene 😂
Michelle, this is Stavros in Florida caught your video and enjoyed it, thank you Michelle. Now Michelle l,strongly disagree with the guest, Mike Lee who says that the worst is over,quite the contrary, it's still getting worse economy wise. I have no problem with what he said, I along with a lot of people think he is wrong.
"the worst is behind us" Sure it is, hahaha
from the point of wallstreet he is right from the point of you not som much but we dont matter as the can print the money the need
Biggest crash of your life time
1 billion debt a day
Collapse coming closser
The stuttering made that a tough listen, Michelle had him on the ropes. How can he say that the worst is behind us then explain that 50%-2/3 of people are living paycheck to paycheck and playing credit card roulette? I think those 50%-2/3 of people have a totally different perspective as the options dwindle and the outlook gets worse.
Michelle, I can't say I agree with much your guest had to say, but it was an interesting view point. I love hearing a different take on the economy. It's food for thought.
Hell no, the worst is not in any way behind us. We have some serious serious financial issues. It’ll get better after it gets worse. Way worse
Lol. This guy doesn't understand where money comes from either. Smarter to get guests on who understand the monetary system. Leave the More Money Today'ers out of it.
No no no... the worst is not behind us. We still need to wait for the 3 month / 10 year yield curve to reinvert... then we if nothing bad happens, we can call it a win. Where do we get these guys.
Umm.. 1 trillion interest every 100days .. should be a BIG clue to everyone as to who's been sold out !!! and the hammer stroke about to come .....
Speaking out of both sides of his mouth to avoid being wrong.
5K in 2024, 10K in 2025.
Over a million bankruptcies this year.
3k gold this yr, likely 5k or more in 2025
No way
I’d buy the 3k, but seriously doubt 5k next year. Nobody knows for sure though
Trump will demand lower dollar which means stock market going to the moon.How will Gold reach 3 or $5000? Not happening. Guaranteed. Even though I hold metals.
Ultra politicized?
But unable to clearly back that up.
Anyone can see that Biden's (the dildo's) appointees are motivated to make him look less awful than he is, to mitigate the EPIC failure that he is.
Looking good Michelle 😊
Thank you! 😊
It's time for Gold and Miner's
No, no! AI AI is important 😂 to turn people to slaves…
@@aldas3831 no
Lol, the worst is behind us...dream on alice, you'll get to wonderland..
Debt go faster and faster
Inflation go faster and faster
Gold silver go faster and faster
They goverment spent money like drunken sailors
It’s barely started. Our currency is entering a death spiral. We’re already in a recession. They’ve simply changed the definition of what a recession is.
Please interview Jim Cramer next. Keep the momentum going.
All my Doordash and Ubereats money is buying silver, gold and stocks.
Fed will raise rates to fight inflation which will likely cause another banking collapse but this time the bubble is global so the collapse could be bigger than 2008. That means more printing bigger than before which means higher inflation. Debt can just keep going higher. The real crash is when raising interest rate doesnt reduce inflation. Many years away.
Who care what he says. Just look at Michelle.
If they don't hike dollar down down down gold up up up, I wonder if gold goes high enough the US gold reserves could back their own currency with gold again it would be interesting to know if the big investment companies are buying gold
50k Gold by 2028
What about banking collapse?
He reckons the worst is gone who's paying him off. 😮
So that's two of them who don't know how the government creates new money! (The only character I can think of that believed in The Magic Money Tree was Pinocchio - and as a result, he was imprisoned for stupidity! Perhaps we ought to extend that to Bernstein and Lee.)
Just another actor playing his part
Wow.
He wouldn't get my trust.
Uhhh, mmmm, duhhh.
🙄
How about silver?
Just the title says I’m not wasting my time watching this guy
“The worst is behind us” 😅😅2-3 cuts this year
“The worst is behind us.” What? We might be headed for a depression.
The worst is at our front door
if you are not in ai stock you are screwed its that simple i think he is right and that 99% of the so called stockmarket in the us is a pure loss and a waste of money
5,000 by 2028?... more like 2026.
Te game is rigged against ordinary people.. they want us 'begging' Desperation creates compliance.
Ray Dalia said cash is trash.
I would love to see a follow-up interview of this one in 12 or 13 months...
Good to hear that the worst is behind us 🎉
Worst is yet to come..
Sooner than that
Michael Lee. You drank the kool-aid buddy. 5.4% inflation??? 🤣 🤣 🤣 🤣
this interview was painful to watch.... I think he was one of just a few who understood what Jared Bernstein was trying to say.
This interview a waste of time
Revux stands out in the crowded crypto space - a real gem!
Love kitco news
A really good color on you, Michelle, but then I’ve never seen any poor choices in your wardrobe.
2028??? Whoa, she’s really going out on a limb when it comes to gold price.
yeah yeah but what value will 5K have by then? maybe only buy a week's groceries for $5K
The Dow gold ration 1:1
Michael Lee is the best. Great interview!
The worst is yet to come.
Seek a cave on a granite mountain. Or don't
Please no more clowns your were wrong then, your wrong now NOTE “IF” you have any money with this guy STOP DO NOTHING until you get it all out from under his “Management” IMHO
Ummm... sooner
Let the guy speak!
He was going to talk about how long the dollar will remain dominant.
6 months maybe
😆 😆 😆
@@randywhelchel4674 Years
The Bible says that a loaf of bread will cost a days wages...hyperinflation is coming. It is all going to get much worse. My trust is not in money, gold or silver. My trust is in the Lord and I know where I will be spending eternity after this short life on earth is over.
Exactly. Rate hikes just hurt the working and middle classes who haven't hung on to the excess cash in the system.
We can’t loose Chur’Pow he’s the only one flying the plane
😮
I honestly don't understand why you're discussing these dubious schemes. There are plenty of options like Eledator and similar ones that are fast and profitable.
OK first he calls recession now no recession its all guesses. Many people predict a meltdown.
Um......NO......
The worst is ahead of you being the secondary economic consequences of this blind spending on the national credit card because the US has no real answers
The Worst Is Behind Us... 😂
This guy is dreaming about rates cuts
Gold should be used as a standard world currency standard instead of pumping up the Gold prices which poor countries can't afford so poor will get even poorer 😅 😂.
There isn't enough gold on the planet. It would have to be a basket of various physical commodities.
1 Thessalonians 5:3 KJV
[3] For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.
- Worst behind us?? Uhhh i dont think so playa. That isn’t a mindset i wish to adopt. When they say peace and safety or “The worst is behind us”. Thats when im all the more on edge. Gold silver GOLDBACKS and bitcoin lets go!
JNUG !! Gold×3
Was this scripted?
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🌝 get a better booth 🌝
Suffering Succotash think they confused themselves n blacked out through those statements
"Or.... Gold" Michelle
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For a bit of fun, stop/start the video multiple times until you catch Michelles eyes in a closed blink.
Her right eye closes just half way and her left, all the way.
Very funny to see.
It gives the impression shes about to go to sleep
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Good job. Made this guy look clueless in his little carpeted cubicle.
and BTC will be $1 million by 2028😂
4 years until 5K?????? Forget about it!
Delusional
😂Biden White House