Philip Patrick
๐ค SpeakerAppearances Over Time
Podcast Appearances
Central banks' forecasters are scrambling aggressively to adjust their targets.
And they've been doing that for the last couple of years, just constantly increasing.
In my mind, the biggest risk right now is not owning some precious metals as part of our retirement.
One thing's clear, the global financial system is changing.
We're moving from sort of a...
a post-World War II order of trust and compatibility, a world policed by the United States into a more fractured world where trust is breaking down.
And precious metals and a move away from government debt will be the reality of those climate or the new world, I believe.
So forecasts now are increasing significantly.
I think we will see $10,000 an ounce gold.
Ricketts, as I've said a few times, has been calling that
for probably 20 years, but I think he is going to be right very, very soon.
So for those that are sitting on the sidelines, there is a ton of opportunity, and I will steal your line again.
Don't focus too much on price.
Look at what's driving the price, because if they do, I think they'll realize we'll continue to see upside here.
It's absolutely correct.
Listen, I bought silver three and a half weeks ago for myself.
It is up 50%.
These are not performing as they have historically.
Gold last year, 70%, silver 150%.
So not only are they safe haven assets and wealth preservers,