Stijn Schmitz welcomes Don Durrett to the show. Don Durrett is an Author, Investor, and Founder of Goldstockdata.com. This episode explores the current state of precious metals markets, with a particular focus on gold and silver's potential future trajectory. Durrett's primary thesis centers on the impending failure of the U.S. bond market, which he believes is the fundamental driver behind gold's current and future price movements. He argues that the massive U.S. government debt, currently at $38 trillion and growing by $2 trillion annually, has created an unsustainable economic situation. This instability is causing investors to lose confidence in U.S. Treasury bonds, with countries like China already reducing their holdings.



Regarding gold price targets, Durrett is remarkably bullish, projecting prices between $6,000 and $8,000 per ounce. He bases this projection on historical bull market patterns, particularly comparing current trends to gold's performance in the 1970s and early 2000s. He anticipates that gold will experience significant appreciation, especially when the stock market encounters serious challenges.



Silver presents a more volatile prospect, which Durrett describes metaphorically as "little sister" following "big brother" gold. He expects potential shortages and significant price fluctuations, with targets ranging from $100 to $150 per ounce. His investment strategy involves extreme diversification, currently holding 161 stocks with minimal allocation to each to manage emotional risk. Durrett emphasizes that his approach is speculation, not traditional investing.



Don recommends looking for companies with multiple growth potential - through project development, discoveries, and acquisitions. His website, Goldstockdata.com, provides data and analysis for investors interested in precious metal mining stocks.



Timestamps:
00:00:00 - Introduction
00:01:00 - Recent Gold Correction
00:05:07 - Bull Market Drivers
00:06:00 - US Bond Market Crisis
00:13:02 - Stock Market Recession Warning
00:19:55 - Gold Price Targets
00:23:38 - Silver Volatility and Shortages
00:28:22 - Miner Investment Framework
00:39:42 - Identifying 10-Bagger Miners
00:48:02 - Diversification Strategy
00:52:16 - Concluding Thoughts



Guest Links:
X: https://x.com/DonDurrett
Website: https://www.goldstockdata.com
Substack: https://dondurrett.substack.com
Amazon Books: https://www.amazon.com.mx/How-Invest-Gold-Silver-Complete/dp/1427650241
Blog Posts: https://seekingalpha.com/author/don-durrett#regular_articles
YouTube: https://www.youtube.com/user/Newager23



Don Durrett received an MBA from California State University Bakersfield in 1990. He has worked in IT-related positions for 20+ years. He has been a gold investor since 1991, with a focus on Junior Mining stocks since 2004.



Realizing the value of investing in gold and silver and noticing the lack of available material for first-time investors, Don set out to provide information. First, he wrote a book, How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks.



He followed up the book with a website (www.goldstockdata.com) to provide data, tools, and analysis for gold and silver stock investors.

Stijn Schmitz welcomes Josef Schachter to the show. Josef Schachter is the Founder of Schachter Asset Management Inc. The discussion centers on the current and future state of the global energy market, with a particular focus on oil and natural gas dynamics.



Schachter provides a nuanced view of the oil market, noting both near-term challenges and long-term bullish potential. In the short term, he anticipates oil prices potentially dropping to the $56-$58 range due to significant global inventories. However, he sees a compelling long-term narrative driven by fundamental supply constraints and declining global reserves, which require approximately 5-6 million barrels of new production annually just to maintain current levels.



He highlights critical challenges in the energy sector, including underinvestment and lengthy development timelines. Schachter emphasizes that new production requires extensive infrastructure, environmental approvals, and significant capital expenditure. He believes this complexity will contribute to a potential energy supercycle, potentially seeing oil prices exceed the 2008 peak of $147 per barrel. Canada emerges as a key focus, with Schachter noting the country's substantial energy resources and potential for growth. He suggests that Canadian energy companies offer attractive investment opportunities, particularly those with strong balance sheets, exploration potential, and dividend yields ranging from 5-10%.



Geopolitical factors and technological innovations play a significant role in Schachter's analysis. He discusses how new extraction technologies, such as fracking and advanced offshore drilling, continue to unlock previously inaccessible energy resources. Additionally, he sees potential risks in global trade tensions and potential economic slowdowns that could impact energy demand. Looking forward, Schachter is optimistic about the energy sector's potential, anticipating global oil demand increasing to 110-112 million barrels per day by 2030. He recommends investors consider diversified exposure across oil, natural gas, and service industries, with investment strategies tailored to individual risk profiles and income needs.



Timestamps:
00:00:00 - Introduction
00:01:03 - Oil Market Pressures
00:03:27 - Bullish Long-Term Forecast
00:06:15 - Energy Sector Underinvestment
00:09:14 - Supply Development Lags
00:13:05 - Historical Super Cycles
00:15:07 - Global Production Overview
00:17:00 - Canada's Resource Potential
00:19:46 - Rejecting Peak Oil
00:22:25 - Natural Gas Challenges
00:24:47 - Investment Strategies Overview
00:31:00 - Valuation and Multiples
00:37:00 - Geopolitical Risk Factors
00:42:00 - Bull Thesis Risks
00:47:06 - Uranium Market Insights
00:50:35 - Concluding Thoughts



Guest Links:
Website: https://schachterenergyreport.ca



Subscription Discount for Palisade Listeners, use coupon code "PGR100"https://schachterenergyreport.ca/subscriptions/



Josef Schachter is a 40+ year veteran of the Canadian Investment Management Industry, Josef Schachter has experienced several exceptional and turbulent global economic and stock market cycles. With his primary focus in the stock market and the energy sector, Josef is able to weave global political, economic and monetary issues with current energy data into a compelling story of what’s going on, what is to come, and why.



Josef is a frequent guest on Michael Campbell’s Podcast ‘Mikes Money Talks’ and other podcast and radio shows and is often quoted in the media. He is a regular Guest Speaker at the annual Worl...

Stijn Schmitz welcomes Doug Casey to the show. Doug Casey is Bestselling Author, Speculator, the Founder of Casey Research, and a Voluntarist Philosopher. In this wide-ranging discussion, Casey provides a comprehensive perspective on the global economic landscape, focusing on precious metals, commodities, and potential monetary shifts. Casey argues that the world is entering the "greatest monetary crisis in world history," with gold and Bitcoin positioned as potential alternative monetary assets. He believes the current financial system is fundamentally broken, with governments printing money and eroding currency value. While bullish on gold, he suggests it's no longer underpriced as it historically was, but remains a critical savings vehicle, especially when stored offshore.

Regarding investment strategies, Casey recommends focusing on gold and silver mining stocks, particularly smaller companies with entrepreneurial management. He emphasizes evaluating mining investments through his "nine p's" approach, with people and management quality being the most critical factor. He sees significant potential in junior mining companies, noting they remain dramatically undervalued. Casey is equally enthusiastic about broader commodity opportunities, especially in energy sectors like coal, oil, natural gas, and uranium. He views these commodities as critically undervalued and essential for global economic development.

He's particularly optimistic about emerging markets in the Orient, suggesting they represent better economic potential than Western economies.

On silver, Casey sees it as a "poor man's gold" with significant upside potential, particularly given its industrial applications and relatively small market capitalization. He believes silver could potentially reach $200-$250 per ounce in real terms. Throughout the discussion, Casey maintains a provocative, libertarian perspective, critiquing government institutions and advocating for decentralized monetary systems.

Timestamps:
00:00:00 - Introduction
00:00:51 - Gold Bull Market Overview
00:02:16 - Upcoming Monetary Crisis
00:03:08 - Return to Gold Standard
00:07:45 - Bitcoin as Good Money
00:11:35 - Challenges to Gold Thesis
00:14:58 - Governments Buying Gold
00:19:46 - Investing in Gold Miners
00:25:01 - Selecting Junior Miners
00:29:21 - Owning Physical Bullion
00:31:23 - Silver Investment Thesis
00:44:51 - Commodity Supercycle Outlook
00:47:12 - Overlooked Energy Commodities
00:54:01 - Concluding Thoughts

Guest Links:
YouTube: https://www.youtube.com/channel/UCEJR3OAeHBNz7aGtFRZXArQ
Doug Casey's Take: https://internationalman.com
Amazon Novels: https://tinyurl.com/an3uxhc
Book 'The Preparation': https://tinyurl.com/theprepa

Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on "rational speculation," especially in the high-potential natural resource sector. Doug's most recent book, "Assassin," can be found on Amazon.

He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. Doug has lived in 10 countries and visited over 175.