In this episode of Palisades Gold Radio, host Tom Bodrovics speaks with Jeff Christian, Managing Partner of CPM Group, about various topics including silver usage in warfare, the role of gold as a "chameleon trade," and the economic outloo…
In this episode of Palisades Gold Radio, host Tom Bodrovics speaks with Jeff Christian, Managing Partner of CPM Group, about various topics including silver usage in warfare, the role of gold as a "chameleon trade," and the economic outlook for gold investment. Jeff Christian estimates that globally, between 10-20 million ounces of silver are used each year for warfare-related purposes such as missiles and electronics.
Jeff describes the various investment uses for gold, including inflation hedge, currency hedge, portfolio diversifier, commodity, safe haven, and as a form of savings. These factors should be taken into account when considering gold as an investment.
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Jeff discusses the current economic outlook and the various contentious views on gold investment. Some economists argue that there won't be another recession and that inflation is low enough.However, others believe that problems will emerge in the future, including increased recession, financial market instability, and political instability. Jeff notes that inflation is expected to remain in a range of 3-4.5% for the next year or two, and food inflation remains a major concern.
He also addresses misconceptions about government statistics, such as the CPI and PPI, and emphasizes the adjustments made are to provide accurate economic measurements. Jeff mentions the increasing transparency of central banks and their purchases of gold to offset the collapse of private sector demand in certain countries. He clarifies that the US Treasury has not been "dumping" the US dollar but has sold treasuries due to changing interest rates.
In terms of investment demand for gold and silver, Jeff notes that investors have the flexibility to buy or sell depending on current prices, creating a dynamic market. He mentions the increasing demand for silver du..
