Philip Patrick

That's a reflection of fiscal policy.

So the ability to buy low and sell high simply doesn't exist in this climate.

The question then becomes, what's more conducive for a climate in front of us?

And

You know, we have a dollar falling in value.

We have inflation that's persistent.

We have potential recession on the horizon.

This is the perfect storm for gold.

Factor in what I see as structural changes happening with reserve currency.

I think we'll see higher gold prices moving forward.

And as I said, I think the previous time I was on, I don't think what we're seeing is a rally in gold.

This is a structural change.

I think the problem is gold's been undervalued for so long.

currency overvalued, we're now seeing a shift back.

So I would say to people, don't expect something's just going to keep going up and up and up.

We're always going to see those corrections down, but it bounces back pretty quickly.

Gold's over 4,000 again and moving.

Listen, it certainly feels like late-stage bubble territory.

This feels like very similar to the late 90s and the dot-com bubble to follow.

And just broadly speaking...