“You might need hard assets to buy groceries,” says market expert Todd “Bubba” Horwitz, founder of BubbaTrading.com. He warns that political uncertainty from the U.S. presidential election could drive people to rely on hard assets like gold or silver as alternative currencies. “Whether it’s going to be a revolution or another civil war that are being created here… people better have another form of currency, which would be in the fact of gold and silver.” Horwitz predicts silver will break through $30 and reach $40. Lastly, he criticizes the Fed for “destroying free market price discovery” and argues it should be abolished.

CHAPTERS:
00:00 US inflation
4:03 Labor market
6:28 Stagflation
7:50 Gold
11:00 Nvidia vs gold
13:10 Platinum deficit
15:31 Silver
16:41 Fed
19:09 Meme stocks

SOURCES:
https://www.youtube.com/watch?v=21PPCwoeZLs

https://www.youtube.com/watch?v=sKxJuc3njBw

https://www.reuters.com/markets/us/ny-fed-survey-finds-americans-bracing-higher-housing-costs-2024-05-06/

https://www.newyorkfed.org/microeconomics/sce/housing#/

https://www.bloomberg.com/news/articles/2024-05-13/us-inflation-home-price-expectations-pick-up-in-ny-fed-survey?embedded-checkout=true

https://www.nbcnews.com/business/economy/stagflation-us-economy-what-is-it-are-we-there-rcna150275

https://ca.finance.yahoo.com/this-is-bananas-canadas-labour-market-blows-past-expectations-adding-90k-jobs-in-april-145825013.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIJJbPtAIkS4BcVKDzcvG8OuyWQnXfLBz0v1CR16kP1fmM8KIdS29sopHyTo5Bf-BU7DR_2EQmkWD5sSpPvU727Ue-yZUYcSwHAHTKEdejOAyh9tXuK13hI0LnNUACzqHhLbEdR4eUhEjoeMJr6f2hInwHKzndSY04yiIn1WdhCQ

https://www.youtube.com/watch?v=o0unztmcLvA

https://www.foxnews.com/opinion/bidenomics-strikes-again-shocking-number-full-time-jobs-lost-over-past-5-months?intcmp=tw_fnc

https://www.google.com/finance/quote/GCW00:COMEX?sa=X&sqi=2&ved=2ahUKEwj40_21neWEAxUEHkQIHb1XC4kQ3ecFegQIDRAX&window=YTD

https://www.cnbc.com/id/100772235

https://www.wsj.com/articles/feud-at-smithfield-foods-parent-company-shows-messy-underside-of-chinese-takeover-11636626600

https://www.reuters.com/markets/companies/0288.HK

https://www.google.com/finance/quote/BTC-USD?sa=X&sqi=2&ved=2ahUKEwjW2PvQtY6GAxW0LUQIHahgC9oQ-fUHegQIGhAY&window=YTD

https://www.bloomberg.com/news/articles/2024-05-13/nvidia-rivals-gold-as-shield-against-inflation

https://www.reuters.com/markets/commodities/weaker-supply-will-drive-platinum-deficit-higher-than-expected-2024-wpic-says-2024-05-13/

https://www.google.com/finance/quote/PLW00:NYMEX?sa=X&sqi=2&ved=2ahUKEwiEo6LZuI6GAxVFHUQIHcZ-AWcQ3ecFegQILBAX&window=YTD

https://www.google.com/finance/quote/SIW00:COMEX?sa=X&ved=2ahUKEwji_of0uY6GAxUgJUQIHX1SBoAQ3ecFegQILBAX&window=YTD

https://www.zerohedge.com/political/why-establishment-fears-trump-led-fed#google_vignette

https://www.cnbc.com/2024/05/13/gme-jumps-as-trader-roaring-kitty-who-drove-meme-craze-posts-again.html

https://twitter.com/TheRoaringKitty

https://www.google.com/finance/quote/GME:NYSE?sa=X&ved=2ahUKEwilqoSyu46GAxVHKEQIHSEvD_sQ3ecFegQIMxAZ&window=5D