Market Needs 40% Correction, GOLD To $6,000? | Michael Pento
Michael Pento discusses his concerns about the current economic landscape, focusing on the risks posed by massive asset bubbles in stocks, real estate, and credit. He outlines his investment strategy and explains why he believes significant market corrections are inevitable. Michael also shares his views on inflation, deflation, and the potential for gold to rise to $5,000 or $6,000 per ounce.
#goldprice #gold #silver
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π¨βπΌ Guest: Michael Pento
π’ Company: Pento Portfolio Strategies
π @michaelpento
π https://pentoport.com/
π
Recording date: August 19, 2024
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π Save the Date π
DEUTSCHE GOLDMESSE πͺ
November 21 & 22, 2024 in Frankfurt, Germany
www.deutschegoldmesse.com
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Chapters & Timestamps (AI generated):
00:00 Intro
00:51 Host Introduction
01:30 Guest Introduction: Michael Pento
03:08 Economic Reality Check
07:08 Portfolio Strategy Discussion
10:21 Inflation and Disinflation Analysis
15:17 Real Estate Market Insights
20:30 Federal Reserve's Role and Interest Rates
28:13 Global Debt and Financial System Concerns
32:29 The Role of Gold and US Dollar
36:34 Impact of Mainstream Financial Media
39:14 Portfolio Advice and Market Outlook
41:17 Closing Remarks and Outro
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