Uranium, Gold, Silver are a ‘Contrarian’s Dream’ For Commodity Investors: Peter Grandich

In times of scarcity, as prices soar, those who have the foresight to invest when others panic can reap the rewards. Peter Grandich explains why contrarian investors with a willingness to go against popular opinion could realize massive gains as commodity shortages inevitably get recognized by the market at large. While mainstream investors flee from commodities, contrarians recognize the potential opportunity of gold, silver, uranium, energy, copper, and more.

Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/commodityculture

Follow Jesse Day on X: https://twitter.com/jessebday

Follow Peter Grandich on X: https://twitter.com/PeterGrandich
Peter Grandich & Co.: https://petergrandich.com
Peter’s Youtube Channel: https://www.youtube.com/@Peter-Grandich

Masterworks Disclaimer: This communication is brought to you by Masterworks Administrative Services. The content is not intended to provide
legal, tax, or investment advice. Masterworks is “testing the waters’ under Regulation A under the Securities Act of 1933. Masterworks will only be
able to make sales after an offering statement has been filed with the Securities and Exchange Commission (SEC) and the SEC has “qualified” the offering statement. No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the issuer with the SEC has been qualified by the SEC, any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. You must read the offering documents filed with the SEC before investing and the additional information available at www.masterworks.com/cd. 60/40 portfolio claim refers to investment in whole art and not art securities. Data from 12/31/2007 to 12/31/2022. Past performance is not indicative of future results. Masterworks is not registered, licensed or supervised as a broker-dealer by the SEC or the Financial Industry Regulatory Authority (FINRA) Change your communication preferences by logging into your account. Masterworks, LLC is located at 225 Liberty St, 29th Floor, New York, NY 10281.

00:00 Introduction
01:31 State of the U.S. Economy
04:17 Supply Shortage in Commodities
07:00 Gold and Gold Mining Stocks
12:58 Silver is a Contrarian’s Dream
16:20 Uranium Bull Market
19:34 Is the Copper Shortage Real?
22:26 Is it Time to Invest in Energy?
26:53 How Peter Evaluates Stocks
33:16 The Debt Crisis is Unfolding

#commodities #silver #uranium

Hello everybody and welcome to commodity culture where our goal is to make you a better investor in the commodity space my name is Jesse day and before we get started as usual standard disclaimer nothing here is investment advice do your own due diligence and today’s guest

Is a Wall Street veteran who has served as a portfolio manager for four hedge funds and made hundreds of high-profile media appearances to discuss investing including Fox news CNBC The Wall Street Journal and so many more he is currently the founder of Peter grandit and Company we’re going to be discussing whether

Commodities are an asset class that could protect investors in an economic storm it’s none other than Peter grandich honor to have you back on the show be glad to be with you Jesse and none of those media people come close to you my friend oh thank you very much you

Know there’s a I’m sure you’re aware there’s an amazing compilation on YouTube of all of your past media appearances to discuss investing I was watching that the other day um very impressive very fascinating I recommend people check that out to see uh Peter grandich back in the day giving his

Predictions um fascinating truly now I want to start this conversation tell you one thing yeah I was truly a legend in my own mind back at those days so I don’t watch that because I remember what I thought in fact let me just say is when the market went wrong it it wasn’t

Me that was wrong it was the market but I’ve subsequently learned through a large sum of loss of money that that’s not true so well great lesson learned and um hopefully we can all learn through your wisdom as well now everybody was predicting a crash in the broad market and a recession in

2023 and now we’re hearing even louder calls that well this time definitely here in 2024 it’s going to happen is there any scenario in your mind where a so-called soft Landing could occur we’ve had Janet Yellen recently come out and Proclaim everything’s good guys we we’ve achieved the soft Landing the econom is

Really strong um how do you see things playing out here in 2024 when it comes to the US economy specifically well the very fact that she said that actually is one of the reasons to believe there’s going to be a recession I mean her and Kramer I don’t know who’s more wrong in

Making predictions but uh I was in a camp of 2024 and I still am uh this morning as you and I speak we had our CPI number here in the US and uh I posted on my Twitter that the loock scenario is officially dead uh it’s it

Is the there is this group Jesse and this is very important to my philosophy in investing there is a group on Wall Street it’s very large I coin them to Don’t Worry Be Happy crowd but they basically always see the cup half full and there is also a group and they exist

In the commodity Arena where they’ve always seen the cup half empty uh the problem is the markets of followed mostly by Financial media that are tied to the hips of those don’t worry be happy people I I think the economy is in any not anywhere near the shape that the

Goldilock scenario would paint uh real quick first of all we’re seeing now that the labor numbers just can’t be counted on when you see it almost an entire year ratchet it down by all almost a half a million shares I like to say and I’m not the only one that says this they

Shouldn’t call the BLS they should just called the BS uh and remember the FED is supposedly making invest their decisions based on those statistics I think the other thing that that’s quite concerning is and I think we saw it this morning is inflation may not be RI roaring as it

Was just a few months ago but to consider it dead and to see that one or two% inflation’s coming back with one or two% interest rates I think is a very bad choice decision and so I think once that starts to filter are in as 2024 becomes more and more involved with a

Political environment taking hold and really starting to dry Market thoughts I think that goldilock scenario is going to be tossed just like transitory used to be uh stated by the fed and will never be stated again in their lifetime yeah I mean the gaslighting by both politicians and Central Bankers about

The true state of the economy is pretty alarming it’s like some George Orwell stuff war is peace you know that they’re basically telling us everything’s fine but when you look under the hood even anybody with modum of sense can see that uh things are not as they are telling us

Now I’m wondering if you could tell us what you see when it comes to the current setup for the commodity space just broadly is a complex to start off with then I’d like to get into some specific Commodities with you um do you think they could provide a shelter from

This coming economic storm we hear a lot about the coming commodity super cycle about how the magnificent 7 in tech stocks are massively under overvalued and that we’re going to see a rotation into real assets um obviously gold hitting all-time highs last year uranium during doing very well I’d like to touch

On those later but I’m wondering Commodities as a whole is this an asset class you think you want to be in here in 2024 there’s a crosscurrent and I think the two biggest opposing uh powers to be is one is there’s no question that the economy’s world world

Wide is not strong China is not doing anywhere near that used to be an important player in the Commodities the us as you and I just discuss is not as strong as they like it to believe and therefore you you would normally say Okay caution to you know needs to be

Invoked when it comes to Commodities because there’s typical cycles and and economic Cycles then on the other hand is we have a real dramatic amount of shortages uh if you believe even half the expectations of where economies are going over the next 5 10 or 20 years including a uniqueness of this

Electrification which may be having a hiccup it may not get there as fast and as far as people thought but still going to play a major role so there’s kind of a there’s kind of a caught in between I think we’ll fall somewhere in the middle

Jesse I think certain medals uh will do well I think the medals themselves will continue to outperform the underlining shares because of the simple fact that uh it it is much difficult more now in my opinion for a junior Resource company to operate than it was 20 or 30 years

Ago so I think the physical medals will continue to outperform shares until such time certain levels are reached and I know you want to talk about Pacific but just throwing out gold needs to get through 2100 copper needs to get back through 450 those things happen then

Those shares that that are in that industry should all have a good time most of them anyway should rise most most boats and yeah it was going to bring up gold next because hitting all-time nominal highs uh last year created a lot of excitement a lot of

Buzz came back down where it continues to hover just above $22,000 but a lot of people pointing out that that has now become a support level for the gold price whereas before it was resistance and that we have a very bullish setup for the metal obviously geopolitical chaos around the world central banks

Hoarding gold um there’s a lot that seems to be working in Gold’s favor from a fundamental perspective but the mining Shares are what many people think extremely undervalued compared to the metal itself especially if you get into the junior mining sector um so are we

Set up here for a bull running gold and maybe you could expand on your thoughts about the go you said 21100 once gold uh reaches that level you could see then the mining shares catching up so give us your thoughts there as well sure well

You made a very good point I think we need to start there and that is a nomin high really to adjust for inflation it’s still a few hundred higher from here and and I think that’s an important part for people that say that gold is fully priced listen I have to set these

Parameters because I operate within them they’re not long but it’s very important first of all gold is treated like Kryptonite by the financial service industry at least in the US maybe to a lesser extent in Canada more financial advisors are tuned to having a part of

Portfolio but in the US it might as well be Kryptonite uh the second thing that to understand is it’s probably the most uh hated uh investment by the latest Fad in investing and that’s cryptocurrencies or I call it bitcon even though it’s real name is Bitcoin uh it’s a cult and

That cult believes that somehow if they destroy gold it somehow benefits them and they can’t live in the same universe whatever uh but if you look at its actual performance first of all from two years ago when I decided at the end of 2021 that I was not going to have

Exposure to General equities that weren’t related to natural resources to this right now gold is still outperform the stock market but the biggest story and this is just blows my mind and and if we asked a hundred financial advisors pick them anywhere in the US right now

And said Hey listen since the new millenium started what has done better the stock market or gold 98 or 99 would say stock market questions out when in fact gold has outperformed even the stock market for almost 25 years and yet you wouldn’t know that based on the

Typical opinions about it and of course now those of us like me who used to say and those that are still around from the days that I spoke can remember because they said it too we used to say this saying which is no longer true dresse we

Used to say at a show mining Shares are just like owning gold we learned last year that is not the case that there is a dramatic difference at times and my portfolio can demonstrate that to you if you need to see proof but the bottom line is eventually the mining companies are

Going to be called upon to find these metals that the world claims we still need and it’s a totally different environment for them right now where they can go in the world is much different than 20 or 30 years ago what happens once they’re there political changes social

Unrest all sorts of things that make it really much tougher now to want to be an Explorer in a minor in many parts of the world but that’s also going to play a roll into the continuing Supply uh demand outstripping Supply so long- winded answer but I still think that uh

We are on just the Cuffs of this bull market I don’t think it’s going to be rip roaring but I do think that once gold gets a 2100 print and stays there for more than a day and not overnight over a Sunday uh I think momentum players and a whole even the financial

Media will be kicking in screaming having to comment on it and that’s going to change the makeup and that’s when the mining shares and and the Juniors and all are likely to have a much better day than they’re currently having this episode is sponsored by masterworks.io like City and Goldman

Sachs agree art has a near zero correlation to traditional equities meaning it enjoys less volatility in relation to equities than other markets it’s outpaced the S&P 500 by 136% over the last 27 years and Masterworks internal research has shown that portfolios with just a 5% allocation to Art outperform traditional

60/40 portfolios 98% of the time with Masterworks you don’t you don’t have to be an Art Expert or have millions of dollars to invest in some of the greatest artists of all time like Banksy basat and Picasso their team of data Geniuses used decades worth of Art Auction records to find paintings with

The best potential to appreciate and then their Acquisitions team negotiates to buy those paintings next Masterworks files an offering with the SEC breaking the art into shares so you don’t need to invest for the full price of the multi-million dollar piece Masterworks also takes care of buying selling storing and ensuring the art

Selling it at an opportune time since Inception every single one of Masterworks exits have shown appreciation so it’s not surprising over 881 th000 people are on board and there is a weit list but Masterworks is now offering commodity culture subscribers the chance to skip the weit list and get

Started with Masterworks today by using our affiliate Link in the description below last time we talked you mentioned that when it came to physical precious metals you thought gold was a better place to be and and just based on price action alone you’ve been proven right so

Far but that being said sentiment in the silver space is at Rock Bottom everybody’s throwing in the towel the fact that I just mentioned silver means there’s going to be several angry comments below this this video or this podcast where people are proclaiming that silver is completely useless it

Doesn’t do anything it’s too manipulated to even be involved in um so I’m wondering if this is an opportunity right now for contrarians in your view when it comes to Silver well I would probably say it’s probably the most contrarian opportunity since I’ve watched it and why I say that is for a

Lot of years I too got the negative comments because I especially when I spoke at the at the shows around the world that Bobby medals because I used to say silver was really a second class citizen to gold and that it didn’t have the same fundamentals that gold did and

Of course that irritated the the silver blls but but it has changed a lot for the better there’s a lot more fundamental needs for silver it stories a lot better uh than it was the problem as always is retail investors particularly they like quantity over quality give the same amount of money uh

They like they would rather have 10,000 shares of a dollar stock than a thousand shares of a $10 stock uh and and and that’s what the difference many times between gold and silver is I personally think as you just said is it’s a contrarian dream I don’t think there’s

Any shortterm Nana coming for it but I do think relative to what other things people buying the Bitcoins the the the stock market in general I would be much feeling safer and putting my head on the pillow tonight knowing I own silver than those things and any thoughts on the

Silver mining space obviously um Pure Play silver miners are much rarer than pure play gold miners but but if the gold mining sector particularly the Juniors has a very low sentiment at the moment the silver mining space is is even lower than that um do you think we

Could see an opportunity there in the silver Miners and you mentioned you thought gold would need to hit 2100 before the stocks caught up um what are your thoughts for maybe where the silver price needs to get to for for the miners to also perform yeah so the stage would

Be this and just because we hope something happens doesn’t mean it’s going to work out but we need to get through 2100 in Gold that sets gold into a I don’t want to say a rocket type stage but it’s certainly an acceleration stage that will then spin right

Immediately into silver it wouldn’t be long before silver starts to partake and once the metals themselves are going above those levels those Shares are going to go probably for silver it’s probably $30 it’s probably a number that if we had a print and stayed there with

A three in it I think the shares can go real well but you made a very interesting point there’s not a lot of pure silver plays so if you want to be a so-called silver bug or emphasize it the leverage would be in them if and when

Silver uh has that rise I still think Gold’s going to lead silver at this point in time but there will come a point and that’ll be probably in the latter stage of the move where silver can actually outperform gold for a period of time let’s talk about uranium

Because it had a heck of a year big story in 2023 spot price currently sitting at 50 15E highs many stocks have had quite a run um do you think caution might be warranted here perhaps we’re a little bit overbought and due for a correction or do you think the uranium

Bull market is just getting started well as bad as it was in general Juniors for me last year it was another great year because of getting involved with uranium when it was literally under $20 and at that time and basically through this run up till now my suggestion was it’s going

To be better to be in the major producers and the companies that actually buy the physical bullion until we get to $100 now mind you talking about a $100 uranium price when it was 20 30 or even 40 still seemed crazy as you and I speak we’re just a few dollars

Away from it I think the fundamentals just keep getting better and better for the uranium nuclear story it’s not a story that’s going away it’s not a story that’s overbought so to speak the people in fact have been upset that the Juniors themselves the small explorers have not

Performed as well as the uranium price or a c going and all my feeling was once we get to 100 and stay above that that’s going to light up that Junior segment uh I’ve not owned them other than one uh and and if and when I’m right and we get

Above a hundred I may look at them but I do think the uranium story if you ask me of all the metals if we set over the next three to five years what’s the likely one that will still be strong after that period of time it’ll be

Uranium first and then gold second the uranium story it just gets better and better and there’s no sign of overheating there’s no sign of I haven’t gotten a cab yet going to get a haircut I doubt my barber’s going to tell me about some uranium stock maybe when

Those times coming they eventually will but I still think it’s got a long way to go Jesse yeah and I think we also live in an echo chamber you know hang out on uranium Twitter quite a bit where everybody’s talking about it but if you

Do pull back and take a look I believe it did get discussed a little bit on some mainstream media but it’s nowhere near the Mania phase at this point I think let me just add that it was interesting just the other day CNBC which I call tout TV I only watch it if

I need a laugh but one of their lead analysts featured camoo which I thought was interesting that I don’t expect them to be featuring 50 Cent uranium stock ever uh maybe at the tail end of everything they might let somebody on like that but the very fact that that’s

Now mainstream now that the that the least significance the Sprout go into the New York Stock Exchange to trade that’s needed if you want to believe in the Junior market the legitimacy of the Big Fellas your big guns need to be accepted before you can expect anybody

To run to the Little Folks and and that’s a good sign that we’re prepping for that next stage of the uranium play which will involve the Juniors more than they have up until now yeah I completely agree with you there um I I want to shift to Copper because you know the

Price has been proven to be very volatile on the metal itself we’ve seen several reports last year that there’s these massive projected Supply shortfalls um particularly in the face of the new green economy electrification of the world what do you think here do you think these demand shortfalls are

Actually going to come to pass and I wonder if we remove the new green economy from the equation completely and just pretend that none of this electrification is happening is there still a reason to be bullish at this point in time you know you’re the first person that said that and that’s a

Tremendous thought to have because I believe you’re on to some I believe it was totally removed we would not have the same bullish opinions even though the supply and demand scenario is better now during this rather weak economic period in the world than it normally is

There’s not an over supply of it in all but you’re absolutely correct if you’re going to be a believer like I am uh that copper will see $5 or something more you have to believe that the electrification is going to play some role now I don’t

Think that role is as big as everybody thought and as quick as everybody thought but it is a key factor so here on one hand for copper we have it as an economic indic at the do copper we’ve heard that for years it’s true China is not strong at all there’s really no

Place in the world that’s lighting the world on fire and so you would say oh maybe this is not the best time to look at Copper but there’s not an over Supply in interesting enough despite this somewhat malays economically speaking we’re seeing the supply that was supposed to be over Supply in 2024

Has now been eaten away that there is now looking for a deficit even in 2024 so I think you have to give it the cup as half full attitude it had reasons to go a lot lower it hasn’t and if it hasn’t that just means that it’s

Probably building up for the next move forward and I think a lot of that will also come as The Brick Nations take whole that’s a story in itself and people start to see that the United States is not the the doer of everything and and the leader of everything and as

Those economies start to show strength so I I think I I would say this copper 375 I certainly believe it be 475 without ever seeing 275 so I think it’s more upside than downside but maybe not as fast and maybe not as uh high up as

Once we might have thought a year or so ago when the electrification story seemed like a can’t M story there’s some question marks in that now and and deservingly so I want to talk about energy here the oil and gas space mostly for my own benefit because I’m very

Overweight oil and gas stocks to the point where sometimes I lose a little bit of sleep at night now there’s sentiment this is another commodity that’s that’s hated and where sentiment is very low there’s talk of greater than expected oil production coming out of the perian Basin weakening consumer

Demand if we bring in this hard Landing scenario and the fact that a recession could be on the horizon new Supply coming online and number of other bearish headlines um I’m wondering I think that over the long run if maybe investors are willing to endure some pain in the short term the fundamentals

Overall appear bullish to me I believe the price of oil will be higher in three five years by potentially significant amount than where it is right now so I’m wondering how you see the energy space performing here in 2024 and Beyond as well for your ability to sleep a little

Bit better than you may be sleeping now always remember it’s better to be a year too early than a day too late there’s no question that you’re the worst case scenario is you’re early in a cycle you know when it was up at hundred and something dollars and natural gas was

Going through and you know shares would double or may even triple the price that they are now certainly more people were interested but actually that was the worst time to be so if anything you’re just too early but you’re going to be a whole lot better and live a lot longer

Jesse if you’re too early than too late in your investment criteria trust me after 40 years of knowing that I I think the oil industry has made a decision depending on who may be in charge this Administration that we had here absolutely vilified them from day one

They took away all their means of pipelines exploring and all and then when the prices went up everything was because of the oil companies and then of course uh they tried to make a switch and Biden went over and this really changed World economics went over and

Made a fool of himself in Saudi Arabia and that’s when the sties realized say you know what the days of us just being with the US and only trading the dollars have to be over and that was a dramatic change we now they haven’t they’ve already said that they’re willing to

Trade outside of it we have one Middle East country that’s already said it’s not even going to trade in dollars anymore when it comes to oil I I would say that an accumulation period period now through 2024 and if oil goes lower during this you know the sorties have just cut

Prices uh like I said slowing down looks more to be the case you always have that Middle East Factor you know if something all of a sudden there’s a disturbance of delivering but I think in accumulating starting now and and use uh declining prices to add to your positions I think

Like you said if there’s still people that invest Jesse for three to five years you know I have to tell you when I started and you talked about being a hedge fund manager and I remember when I managed a mutual fund we had to put out three to five year projections no one

Talks three to five years anymore the longest may be 12 months so you’re in a good spot as a young man to be focusing on three to five years versus three to five days or three to five months which much of this Market has come and if

You’re in that camp I think you end up okay in in the oil and gas sector great and I have been buying on weakness so that’s good to hear a legend such as yourself confirm the Legends in I’m not a legend legend my own mind but 40 after

40 years there’s some things I have a little bit more of a potential educated guest to take than someone that only may be doing it for a couple years and may me just quickly add that that’s one of the big negatives of why I’m bearish on General equities the lack of experience

Now the average financial advisor in the US has only been in the business since the last financial crisis they have no understanding of a lot of things that you and I just talked about let alone experiencing down markets or markets that don’t go up double digit every year

That’s going to play also a role in in the negativity that I see going forward so stick to your guns and recognize like you said eventually there has to be value and you have to buy it before the crowd does I wasn’t going to ask this

But it suddenly popped into my my mind to maybe try to get some insight into how you evaluate companies in the resource space obviously depends on the commodity whether it’s a gold or silver Mining stock or or whether it’s uranium Miner Etc but are there any general things

That you look for that you feel are very important um before you make a final investment decision in a company and are there any red flags as well that that turn you away sure so I learned it again uh even after almost 40 years doing this when it comes to mining particularly on

The junior side the overwhelming Factor that’s going to whether make that company successful or not is management it’s not even the metal that they’re at or where they may be it’s management and I’ve seen the difference and and when you are an upand cominging Explorer or one that’s maybe going into development

And all it’s the way you enhance shareholder value is getting more people to recognize what you’re working on and convince them it can only get better and that’s how your stock price goes up and why that’s also important especially in Explorer game these are forever fundraising companies they’re forever

Raising money because they have to keep raising money to explore and so forth so you want to be able to have the best possible price and the least amount of of dilution so management Bar None now for me I’ve done two things now I’m in

You know I’m in the I’m down the stretch okay I see the finish line for myself Jesse you’re just in the backstretch you got a long way to go my friend but whether wherever we are in that I do think that we have to understand that we

Are in a very small sector it’s not like technology or retail where there’s hundreds of players thousands of analysts when there’s very small small area whereas even today it’s a couple of dozen people that you’ll see on most talk shows or whatever talking about resource and so forth and so on and of

Course there’s clicks there’s you know kind of people follow I’ve concluded for myself that I would never be and I knew this a long time ago but clearly now for the rest of my natural life investing I’m never going to be the smartest the second smartest or anywhere near the smartest

But if I can identify someone that is try to ride their coil and in the resource industry a couple years ago I believe I found that person a man named Michael genti a portfolio manager in Canada probably sits on I don’t know a half dozen dozen boards invest all over and

So that and my belief that as I discussed earlier of how difficult it’s going to be to explore in certain places of the world I shrunk my window to North America I’m just not going to chance even though it may look really ideal somewhere as in West Africa or or South America I’m

Really going to be restrictive so for me those combinations are very very important now but management is the absolute uh factor and if they can’t promote and everybody thinks promotees a bad word promote is a necessity it’s like any other business if you had a car company you don’t just sit there wait

For people to come in you run commercials you go out you tell people the stories about your car the ability to Market and and get investor interest is critical and they have to demonstrate they have those skills I’ve seen the difference on the guys that can and the guys that

Can’t and liit please because there’s a lot of women involved too I don’t want to sound like a don’t worry you won’t get into trouble here um my viewership is like 98% mail so uh so there you go um but I think that’s a very good point about the marketing and promotion side

Side of things because a lot of the CEOs of some of these mining companies they don’t really get the social media side of things they don’t really get the internet marketing side of things and now that’s become so important and you can see those companies that really get

It especially ones with really good social media channels where they’re taking you behind the scenes they’re showing videos from onsite people love that sort of stuff and I think not enough companies do it and yeah you’re right you could have the most amazing project in the world and if people don’t

Know about it nothing’s going to happen to the share price Jesse let me just add on this because I think it’s very important I talked about a dramatic change in the Junior market there’s a wonderful show going to take place in in a couple weeks in Vancouver it’s

Probably now the best if especially if you’re interested in the junior segment of the market the Cambridge show I know you’ve worked with them and all and I’m not saying it for that I’m saying it because of the fact of life I used to MC it for 25

Years and what’s really critical is 20 years ago if there were 5,000 people at the show which they’re talking about at least a thousand were financial advisors or what we call stock Brokers back then and they had a book of business that involved buying and selling Junior

Resource stocks so if they fell in love with Acme resources 100 to 300 or 400 of their clients fell in love with it because they recommended it to and they bought it that’s gone that’s a dinosaur there’s still maybe a handful of those people and all so that Junior company that CEO

Who used to be able to get one person get three to 400 shareholders now has to find a way to get to that end user directly because that intermar that used to be involved same thing institutional well social media is the only way you’re going to do it you you’re certainly not

Goingon to dial for dollars or the old guys that used to you know get a phone and call up in that and all so having an ability to Market through social media as well as doing the hard stuff Road shows and that nature is an absolute

Must and I’ve seen that with a company that has a phenomenal project but considers marketing an all and afterthought and then I have another company where the CEO is just phenomenal marketer and uh it’s really critical and and I I I think that’s an almost as important as management itself being

Topnotch well last time we spoke you also had a lot to say about what you see as an inevitable debt crisis JP Morgan recently coming out and warning that the US national debt of 34 trillion is a boiling frog situation we saw the debt ceiling extension until 2025 basically

Giving politicians in America cart blanch to spend where is this all headed it seems to keep getting worse the can gets kicked down the road um what is the inevitable outcome and how close could we be to to going over the precipice here in my New Year’s podcast I’ve told

Longtime clients from friends and those that still wish to follow that we’re now in the realm of where the pain from what you speak about that and some other situations I’ll say in a moment is now within most people’s lifespan it’s not something off in the distance it’s not

Too far down the road I think it’s a matter of three to five years especially at the rate that we’re growing let’s first take the Dead Issue it’s hard for somebody that when he first started when we had less than a tril in total national debt to now talk about

Something that’s not only 34 trillion in national debt but in just the last year we incurred two trillion extra two trillion budget deficits now in multi-trillion dollar budget deficits the Congressional budget office one of the last bastions of something that’s still somewhat bipartisan in Washington stated in early 2020 three an

Alarming report that said we see the debt going to 50 trillion in less than 10 years well now they’re starting to say in less than seven years because of how much more the debt is growing how do we pay this interest Jesse forget about paying back the 34

Trillion revenues will grow there’s no question we did a little over five trillion in tax revenue last year the highest ever is United States but the interest expense is just outstripping that Revenue growth so let’s just say that they’re right and even it’s 10 years from now it’s not

Seven and we have interest rates at four or 5 per. we’re going to have two two and a half trillion dollars in interest expense so even if revenues grow 10% a year which they don’t but if they did we’re going to still see interest expense becoming a bigger bigger portion

Of what we have left and our single biggest asset that the United States has on its books PE financial advisors don’t answer this correctly it’s another one that you can get them wrong on you ask them what the biggest asset is it’s student loans and now we have a movement

With student loan people saying I’m just not paying do whatever you got to do and that’s a double whammy so when they don’t pay an asset that is no longer an asset has to be made up for so now taxes have to be raised by the people that are

Still doing their job and paying their fair share of taxes so the debt issue is is is a real thing and the people say to youoh I’ve heard that for 20 years you’re right 20 years ago it was off in the distance it was way out there now

It’s right in front of us throwing in a retirement crisis 65% of Americans are working paycheck to paycheck they’re never going to live that lifestyle that the financial commercials they’re going to see on TV today are going to say throw in now an invasion that’s all you can call it it’s

An immigration Invasion I’m not blaming those people hey if I was off in a country a couple thousand miles away and I can take my family with just everything we have in our back and get to a place where I’m going to end up much better off than staying where I was

Of course I’m going to head there especially when I hear from people out are there telling me and confirming it’s true so I don’t even know if a wall works anymore but now we have an issue where it’s gotten extreme now because we have so many here it’s now impacting

Americans everyday lives we just had in New York where school had to be shut and the kids sent home so immigrants can stay there excuse me of course parents came out and protest but now it’s going to impact everyday life so debt retirement crisis the brick scenario

Where America is being removed off as the top dog in the world and the immigration crisis are all something combined that are just setting us up for a very very tough period my personal opinion is this and I don’t sell anything that benefit from this but I

Believe in 3 to five years what we’ll face socially economically and politically will make the Great Depression look like a walk in the park and almost no one in America in the US I can’t speak for caner or anywhere else Jesse is prepared for it or gives it a

Serious thought and I just think it’s something that if it isn’t at least a plan B if it’s not plan a in your life if it’s not plan B in a few years time you’re going to be regretting that it was yes certainly fascinating times we

Live in a lot of shift going on all around the world well thank you so much Peter for joining us today um for those who want to hear more from you tell us about Peter grandit and Company your blog and your YouTube channel I really recommend people check that out you’re

Actually a fantastic interviewer I’ve been interviewed by you I saw your interview with Daniela cambon as well as David Lynn and you’re you’re a natural so and you do a lot of that on your channel as well so um tell us about that and Peter grandit and Company well

That’s most kind of you Jesse and I have to tell you I enjoy immensely speaking with you not that I’m trying to set up for my next speaking engagement with you but it’s enjoyable I do appreciate that yeah I I pretty well Twitter has become my main way of communicating my thoughts

The second is the YouTube and I appreciate that that you know interviewing but I still rather be on this side than your side and of course I do have a Blog Peter Gran and Company uh separate from having some companies uh be blogs sponsors that support my

Livelihood in this way I don’t have to charge for what I do I also still am part of a uh alternative to traditional Financial Planning Group in the US if they’re US citizens we focus un believe cash flow is the key to success not chasing net worth and that’s really

What’s left of my life as I’m about to celebrate 40 years in and around the financial Arena great well I’ll put links to all of that in the description below for people who want to check it out thank you once again Peter for coming on and sharing your knowledge

With the audience thank you and just hopefully continuing success for you Jesse you’re a very nice young man to speak to you have a good head on your shoulders you are correct you can be as good as the interviewee as the interviewer and I wish you nothing but success God

Bless commodity culture is a series on Commodities and natural resources if you would like to see more be sure to subscribe and hit the Bell notification so you’re always up to date with the latest episodes