Own it as a store of value, not a speculation: a gold bug buying since 1971, but at ~$4,400 it is "not the same investment as it was at $40" — still going a lot higher, and keep it private or stored offshore against confiscation.
His highest-conviction call: gold and silver mining shares are "severely under priced" — every mining share in the world is worth ~15% of Nvidia alone and 1–2% of the S&P vs 12–15% in past cycles, so fear and greed will pull the public back in.
Dump them: AI and tech stocks sit "at the top of the bubble" (Nvidia is the largest market cap), and the stock-market bubble melts down into what he calls the Greater Depression.
In one line: the US empire is in decline and heading for a "Greater Depression" — own gold as private savings, speculate in the badly under-owned gold and silver miners, dump AI/tech stocks at the top of the bubble, and protect yourself personally (balance sheet, ethics, jurisdiction) rather than politically.
Empire in decline. The Iran war is America's Suez moment — Iran controls Hormuz and charges transit fees, the US has spent heavily for nothing, and its military is built to refight WWII; ~$1.5T military spend and ~800 bases bankrupt the country. (2026-SEP-05)
Greater Depression. $40T of debt, $2T deficits and a stock-market bubble point to a downturn worse and longer than 1929–46; Fed intervention is counterproductive; polarization points to civil strife. (2026-SEP-05)
Portfolio. Gold at ~$4,400 is savings, not a speculation; gold and silver miners are "severely under priced" (all mining shares ≈ 15% of Nvidia); AI/tech stocks — "dump them." Keep metal private or offshore and diversify politically. (insights)
Transcripts
One dated page per appearance — each has its stock table, talking points, and the saved transcript. Newest first.